Forex trading is a popular activity among investors. It is the act of speculating on the future direction of currencies, and it involves the purchase and sale of foreign currency pairs on the global currency market.
What is the best forex trading platform UK?
To get started, beginners should choose a reputable forex broker that is FCA-regulated and offers a free demo account. In addition, the best forex trading platform for beginners uk should provide traders with a variety of tools for analysis and trading, including an integrated economic calendar and market news feeds. They should also offer a wide range of educational resources, such as platform tutorials and guides.
XTB is the leading forex broker in the UK, and its xStation software is available on the web, desktop, iOS, and Android apps. The platform is feature-rich, with 29 drawing tools, 37 technical indicators, and an integrated economic calendar. In addition, XTB offers competitive spreads on 48 major, minor, and exotic currency pairs.
City Index is another regulated forex broker in the UK, and it offers a simple account opening process that can be completed online. The broker offers a range of trading instruments, including 84 forex pairs and CFDs on stock indices, stocks, ETFs, and commodities. Its MT4 and XM platforms are easy to use, and they both have a large selection of technical indicators and chart types. The broker also offers a mobile app, a free demo account, and a variety of education resources. City Index is a good choice for beginner forex traders.