Top United Kingdom Forex Brokers

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If you are reading this article, then there is a good chance that you have spent a considerable amount of time trying to find a reputable forex broker.

The decision of which online forex broker that you are going to eventually go with is not an easy one. After all, there are hundreds of brokers out there who all want your business.

British Pound Graph - IllustrationSome are very reputable and have been in business for years, while others are not so reputable. Some offer superb customer service, while others won't be there when you really need them.

How do you choose a forex broker when there are so many brokers to choose from?

One of the first things that I look for when choosing a forex broker is how long the broker has been in business for. The forex industry is hyper-competitive, so those brokers who fail to impress their customers are quickly weeded out.

Another thing that you should look for - strong customer service. Does the forex broker have 24/7 customer service? Do they respond quickly to emails? Are they available by phone? If you are having a problem with one of your orders, you need to have somebody available and able to talk to you in minutes. You can't afford a slow response time, as it will eventually cost you plenty of money.

If you are thinking about signing up for a forex broker, try emailing them and contacting them by phone. If they are responsive, then consider that a big check mark in their favor.

The third thing that I look for - an initial sign-up bonus. As mentioned, the forex industry is very competitive. There are literally hundreds of brokers that are vying for your business, and forex brokers will usually offer lucrative sign-up bonuses in order to attract you as a customer. Don't sign up for a forex broker that doesn't offer such a bonus, as you could be literally leaving thousands of dollars on the table.

Lastly, you need to be happy with the software package that is being offered to you. Is the software package intuitive? Is it easy to place orders? The best way to test this is to open up a free account - any decent broker will allow you to "trade" for free to test out their software.

Here is a broker that I can recommend that service customers from the United Kingdom:

Forexyard Logo

Forexyard (click to open up a free account)


In closing, you should be very careful about who you open up an account with - after all, it's your money that we are talking about. Do your research and you won't regret it.

Filed under: Company Reviews

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