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Best UK Trading Apps

Being the United Kingdom, you want to know the best trading apps in the UK. Thankfully for you, this article will be running through 3 names that have some of the best apps available.

best trading apps

With them by your side, you’ll trade effortlessly. So, why not read ahead?

1. Plus500

Plus500 is a London stock exchange-listed CFD. It was created in 2008 in Israel. It’s known for its mobile app as it’s noticeably clean and effortless. You can utilize this ease to trade CFD and Forex on.

In terms of the platform, it’s regulated by many bodies. You can expect the Australian Securities and Investments Commission as well as the UK’S Financial Conduct Authority to monitor it.

Having large names assessing its every move makes it one of the safest platforms to trade CFDs on. The fact that it’s listed on the London Stock Exchange helps with this as well.

Let’s dive into some of its features.

Its Interface

Its web platform is extremely clean and you’ll find it very easy to use. This is translated to its mobile app as well.

In fact, many of the features on the web version are available here.

It comes with great charting tools to study data as well as a clear economic calendar. However, there isn’t a news feed.

There is also a notification system that we’re a fan of. It lets you monitor the price of an asset.

Can Anyone Make An Account?

Plus500 does not restrict a lot of countries. If you were to create an account, you’ll be able to do so as only 5 countries are barred.

If you’re wondering what these countries are, they are:

  • Canada
  • US
  • Iran
  • Syria
  • Cuba

Although it’s only 5 countries, a good chunk of the world’s traders come from North America.  And unfortunately, 3 of the 5 countries on this list are from the region.

How Easy Is It To Make An Account?

Plus500 is easy to make an account on. You can do so within a day which is refreshing.

Once you register for an account, you have to verify yourself to be allowed entry. Although you have to provide sensitive information, this practice is common for all online brokers.

You’ll have to add a copy of your passport or ID, as well as a utility bill (for your address).

Base Currencies

Base currencies are essentials for online brokers. With Plus500 by your side, you have a range of currencies to choose from.

That being said, there’s a problem with this. Plus500 hasn’t made it clear what type of currencies they offer. In fact, we don’t even know how many there are.

Are There Fees?

You’ll be happy to know there are no deposit fees when trading on Plus500.

This is the same for withdrawals as well. For the first 5 withdrawals, you make a month, nothing will be charged. Once the 5 are up, you’ll have to pay $10 every time you take cash out.

If you’re wondering, it requires a $100 minimum deposit.

2. Easymarkets

Easymarkets is an online broker that specializes in CFD and Forex trade. It was created in 2001 and initially went as easyMarkets.

Its headquarters are in the Marshall Islands. So, it has room to function as it wants as the Marshall Islands are very lax with online trading.

Although it’s primarily known for its web version, it has an impressive mobile app that users love.

If you’re wondering how regulated they are, cySEC and ASIC monitor their every move.

Its Interface

Its web platform is easy to use and clean as well. This is translated into its mobile app too.

When you use the online broker, you have access to charting data as well as a news feed. It provides an economic calendar and a blog section with trading strategies and tips.

The blog section encompasses its ‘education’ section as it teaches you as much about trading as possible and includes informative videos as well.

Is It Available Everywhere?

Easymarkets is available across the world. Unlike Plus500, it’s restricted in many more countries.

Are There Base Currencies?

Yes, there are 18 of them. Unfortunately, they haven’t made all these public knowledge.

How Do You Make An Account?

If you want to make an account for the platform, you’ll have to register.

Once you register, it’s not the end of the road. You’ll have to verify who you are which requires sensitive information. If you’re wondering what these are, they are your ID/Passport as well as a utility bill.

You can expect your account to be done within a day as well.

Are There Fees?

In terms of easymarkets, it does charge you a deposit fee. However, this is very common with online brokers so it’s not anything to be too impressed about.

In terms of withdrawal fees, nothing is charged. This is impressive as Plus500 made this free only for the first 5 withdrawals of the month.

If you’re wondering, it requires a minimum $100 deposit.

Its Interface

Its web platform is easy to use and clean as well. This is translated into its mobile app too.

When you use the online broker, you have access to charting data as well as a news feed. It provides an economic calendar and a blog section with trading strategies and tips.

The blog section encompasses its ‘education’ section as it teaches you as much about trading as possible and includes informative videos as well.

If you’re wondering, you need $100 to open a standard account.

3. Highlow

UPDATE: Highlow does not accept UK traders anymore. Try eToro instead.

Highlow is a trading platform that was created in Australia. It has its headquarters in Sydney. Because of this, they’re regulated by the Australian Securities and Investment Commission (ASIC). Although they’re monitored by only one body, you should know that ASIC is one of the strictest (if not the most strict) financial body in the world.

With them by your side, you can trade cryptocurrency.

Although their web version is good, their mobile version is one of the best on this list.

Its Platform

The online broker is easy to use, like its contenders above. This is seen in its mobile app as well.

In both versions, you will see charting tools and a research section for users.

Is It Available Anywhere?

The platform was accessible to people around the world. However, there were restrictions for a few countries.

As of July 2019, Highlow decided to change this. If you live outside of Australia, you won’t be able to access the online broker as it’s only available to Australian nationals.

Its old users were allowed to stay but anyone new had to be Australian.

How Easy Is It To Open An Account?

To open an account, you’ll have to register. With this out of the way, you can only use their features if you verify yourself.

It’s not difficult to do this as all you need is proof of your identity and something to show as your address. Such a thing is common for online brokers.

When you first make an account, you’ll get $50 cashback. Isn’t that great?

Are There Fees?

When withdrawing cash, you’ll be charged 2% of whatever you took out. In terms of deposits, you won’t be charged anything.

That being said, you need $50 AUD to create a standard account.

If you want to withdraw anything, it takes up to a day to get processed.

Conclusion

As you can see, there are multiple pros and cons of working with all 3. That being said, their pros outweigh their cons, making them some of the best to use in Australia.

Bitcoin Mining in the UK

Bitcoin mining is so called because it is in many ways similar to gold mining except for one crucial detail: all of it exists in a virtual setting and not underground.

As per the Bitcoin protocol, there can never be more than 21 million Bitcoins available to trade. Until that limit is reached, Bitcoin miners will be at it unearthing new Bitcoins. Mining is, in fact, their primary incentive for continually adding blocks to the blockchain.

Nodes

Nodes refer to immensely powerful computers that keep the Bitcoin software on wheels simply by getting involved in the distribution of information. Ironically, it is possible for these nodes to be run by just about anyone. A node will share the information of a Bitcoin transaction to other nodes familiar to it who will, in turn, share the information the same way. As you can imagine, the news of a single Bitcoin transaction gets disseminated quite swiftly.

There are also mining nodes which assemble any outstanding transactions into blocks and contribute them to the blockchain. They do this by solving a complex mathematical problem to which the answer is known as a “nonce”. This could be any integer between 0 and 4,294,967,296. Indeed, it is a hard puzzle to solve. But the reward for doing so will be a new Bitcoin.

If you want an easier way to invest in Bitcoin, check out eToro.

How to Mine Bitcoin in the UK

If you want to get started with bitcoin mining you have two options:

1. Hardware

Before you commence mining for Bitcoin, you must first obtain the relevant hardware. Today, that consists of Custom Bitcoin ASIC chips which are 100 times more capable than older devices and will consume a lot less electricity.

2. Cloud mining

An alternative to mining Bitcoin yourself is to invest in Bitcoin cloud mining contracts. While this method is a lot simpler, it poses a significantly higher risk as it does not afford you any control over the hardware. Bitcoin cloud mining does have its own history of scams.

However, if you are still keen on trying it, here are some of the most prominent Bitcoin mining companies to consider.

Hashflare

At Hashflare, you can opt for SHA-256 mining contracts as well as SHA-256 coins (which are more profitable). The minimal amount you can buy is 10 GH/s.

Genesis

Genesis is the biggest Bitcoin cloud mining company in the world. It offers users a choice of three Bitcoin cloud mining plans which are all well-priced. You can also go opt for a Zcash mining contract if you prefer.

Hashnest review

Hashnest is a mining company run by Bitmain, which is also the producer of the Antminer Bitcoin miners. At present, Hashnest offers over 600 Antminer S7s for rent. You can check out the latest prices and vacancies offered on the official Hashnest website.

Minex

Minex is known to be an inventive assembler of blockchain schemes that are offered as an economic recreation game. Clients are able to buy Cloudpacks with which they can build a catalogue of pre-determined groups of cloud mining casinos, farms, and lotteries.

Conclusion

Regardless of whether you choose to generate Bitcoin using mining hardware or through a company, always stay updated on the latest price shifts and other news regarding Bitcoin. Also, never invest more than you are prepared to lose.

How to Buy Spotify Shares

As you may be aware, Spotify made its debut on the stock market earlier this month, a flotation which analysts suggested would take its value somewhere between $20 billion to $25billion.

buy spotify shares uk

Naturally, investors are going to want to know if the shares are worth it, so here is everything you need to know before you invest in the newly entered Spotify.

After Snap made its stock market debut the year before, Spotify is the largest tech company to also go public. It currently has over 157 million users, half of who are on a premium subscription. However, its IPO is a lot different than what it is from Snap. Plus Spotify will not be making any money out of it.

Buy Spotify Shares in the UK

Traders from the UK have many choices to choose form.

If you are new to buying shares, I recommend to go with a broker like eToro.

eToro is a popular UK broker, that lets you guy Spotify shares easily.

Why you should buy shares

  • Considerable revenue growth over the last few years expected to be over 5.3 million pounds by the end of this year. Plus, there are many new markets and economies that are still untapped
  • Also expected to aid growth are updates on user experience for both artistes and listeners
  • Every new premium subscriber comes at a cost of around 9 pounds sterling. However, the returns will break even if that subscriber stays past 12 months. A lifetime subscription is currently worth 25 pounds
  • With a claimed estimate of more than 40% in global music streaming shares, Spotify is in a prime position to make all kinds of bargains with artistes and record labels
  • No debts to be concerned about as long as the company stays afloat

Why you should not by shares

  • At present, Spotify is yet to turn a profit. All bets are on its future earnings
  • A significant threat posed by rivals Amazon and Apple which both have serious financial backing
  • As much as 87% of rights to Spotify’s music stream is controlled by only four music companies
  • At least a couple million users enjoy an ad-free service without getting a premium subscription. This will hurt Spotify’s revenue.
  • Founders of Spotify still assume control over the company
  • Spotify has admitted to faulty financial reporting in the past despite claimed measure to resolve such issues

Spotify’s flotation

Spotify’s flotation is an unusual one since it will not be issuing new stocks. Rather, the shares being offered are currently possessed by private investors.

Of course, no price for those shares has been announced in advance to their entry into Wall Street and they will not be under any management from investment bankers. While this may be saving money on behalf of Spotify, it will also generate a fair amount of volatility when the shares go live and investors attempt to decide on a price.

How valuable is Spotify?

When the Swedish company made its debut on the Stock Exchange, analysts put its value in the ballpark of 20 to 25 billion dollars. But with no share prices being set in advance, taking an educated guess is considerably more difficult.

What’s more, Spotify has not been a particularly profitable enterprise since its beginning, incurring costs such as royalties for both artistes and record labels. It will be up to the investors to decide if the company will stay afloat or not.

The strong points of Spotify

Despite not being particularly profitable on the whole, Spotify has shown immense growth in revenue in recent years. It is still the most prominent player for streaming music online. Both the number of free subscribers and premium subscribers are set to increase significantly by the end of this year.

The not-so-strong points of Spotify

Spotify’s primary concern is competition from rivals Amazon and Apple, who both have vast financial reserves to back them if they attempt a challenge.

Both sell hardware such as the Echo and the iPhone, each already containing their own music-streaming service.

Another major concern is a rather small number of suppliers – only four music companies, in fact, that collectively own the rights to about 87% of all music streamed off Spotify.

So is it a good idea to go ahead and purchase some Spotify shares? Below is a list of reasons why you should and why you should not.

Conclusion

There is no doubt about it right now, investing in Spotify shares today would appear to be quite a gamble. Hopefully, the breakdown of the pros and cons here will help you as a prospecting investor to make an informed decision.

Pepperstone UK Review

Pepperstone is one of the most reputed and critically acclaimed brokers for CFD and forex trading anywhere in the world.

pepperstone uk review

Is Pepperstone Available in the UK?

Yes. Pepperstone accepts traders from the UK.

The platform was established in 2010 in Melbourne, Australia, but it very popular in the UK and other European countries. It distinguishes itself among other brokers thanks to superior technological advancements and faster, more efficient trade executions.

It also affords traders with multiple accounts and trading platforms that we shall come to in a little while.

But first, let us give priority to one of the more bottom-of-the-priority-list services of this UK broker since it is as important as it is understated.

Pepperstone’s Trading Platform

Two of the world’s leading platforms for foreign exchange are available at Pepperstone, MetaTrader and cTrader.

MetaTrader

  • Most popular platform for forex trading
  • User-friendly interface and resourceful management tools
  • Charts are displayed in real time along with live price quotes and detailed news

cTrader

  • Offers direct access to inter-bank market depth
  • Capable of implementing forex trading systems based on algorithms
  • Customizable interface featuring charts both pre-set and detachable
  • Facilitates comprehensive backtesting

Choosing between the two can induce a breakdown if you are too keen. What is important to remember here that one does not have to be objectively worse than the other. It just needs to be a better suitor your subjective trading needs. MT4 tends to be the choice for traders keen on using forex automation while cTrader is favored by those who intend to personalize their interface as well as obtain more advanced options for placing orders.

If you are not quite sure which one is better suited to your style, you can always give both options a trial run on a demo account before you make up your mind.

eToro is one of Pepperstone’s biggest competitors. Read the eToro UK review here.

Trade executions

Now with Pepperstone the first thing that catches your attention with Pepperstone is that its trade executions are fast. Pepperstone is actually an ECN broker and what that means for forex traders is forex trading minus dealer intervention via their Razor account. It is called the edge environment and forex traders have direct access to liquidity currency pools that is not excluding big global financial institutions.

There are other factors at play that make the speed of execution even faster…

Fast trading servers

Fast global trading servers to be precise thanks to a partnership between Pepperstone and Equinix of NASDAQ fame. The servers are located in New York and London.

Pepperstone in Australia is connected to its equinox servers in New York via an optical fiber network. That effectively eliminates the several thousand kilometers between the two cities that information would have to travel in order to execute a trade. As result, latency is 10 times less than what it would be otherwise.

Leverage with Pepperstone

Pepperstone leverage is 1:500, one of the highest levels of on any forex market. So in essence, every dollar you invest is equivalent to $500 dollars on leverage. To put that into context, making the minimum deposit of $200 into your Pepperstone account allows you to trade up to $100,000 on the market.

Customer service

The team that constitutes customer service for Pepperstone has many years of experience working in the forex industry. That becomes a distinct advantage since experience translates to helpful advice and instruction that users can rely on for various inquiries. In fact, Pepperstone can even provide an account manager just to ease your way with getting to know the industry and how best to play it.

As long as the forex markets are open, so is Pepperstone’s customer service facility thanks to five offices which span the entire globe from Melbourne to Shanghai to Bangkok to London, UK and finally Texas. So you do not necessarily have to be a trader based in Australia to have a local service in your region.

Contact options

You can contact Pepperstone’s customer service primarily through email and a live online chat. You can get in touch by phone with headquarters in Melbourne, or Shanghai if you want to communicate in Chinese, or the branch in Dallas, Texas.

Spreads and Fees

Pepperstone is considered to offer some of the best value of any Australian forex broker when it comes to weighing the cost of trading with the services being provided.

There are no commission to pay for holders of the standard account and spreads starting from 1.0 pips. For holders of the Razor account, a commission of AU$3.5 will be charged for 100k that is traded. So there are commission allocated to certain types of accounts, the spreads are still fairly low in Australia.

Which type of account is best for you?

There really is not any shortage of options here. There is something for everyone at Pepperstone from cTrader to MT4, 5 and the Razor account. As a beginner, you can use the limitless demo account to properly acquaint yourself with other accounts so you can make a confident and informed decision and not risk your own money trying to figure it out.

Bonus offers

In previous years, Pepperstone would match the initial deposit with some $600 Aussie dollars in free brokerage. However, there were conditions to be met.

  • Only new traders who were signing up with Pepperstone were eligible
  • The bonus would expire 60 days after the account was activated

It is not yet confirmed that the offer still stands for 2017 so it would help to inquire about it from customer services. ‘Free brokerage’ I technically commission free trading with an edge account from Pepperstone.

Conclusion

Pepperstone UK is one of the most reputed and acclaimed brokers in the business, not just in Australia where it is based, but on the international stage as well. Since its inception, the broker has seen rapid expansion for it client base and thoroughly comprehensive and positive reviews. That is thanks in part to the low spreads on offer but mostly due to superior technological prowess and swifter execution of trades. It is a flexible and innovative player in the broker business, one that you would do very well to sign in as a forex trader.

eToro UK Review

Founded in 2006, eToro has since grown to be among the most prominent social trading platforms. It is also a rather well-reputed broker for stocks and forex traders.

etoro uk review

eToro is headquartered in Tel Aviv, Israel and became popular with its social trading feature.

eToro is registered as a Cypriot Investment Firm of CIF under the number HE200585 and regulated under CySec, the Cyprus Securities & Exchange Commission.

The license number is 109/10. eToro’s European base is also in Cyprus, specifically in Limassol. And in the UK, the broker’s headquarters are in London. Over there, it is also registered as a UK firm under the number 7973792 and regulated by the FCA or Financial Conduct Authority.

Is eToro Available in the UK?

Yes. eToro accept traders from the UK.

In fact, the UK is one of the markets they focus most on. They even have offices in the UK, located at this address: eToro (UK) Ltd. 24th floor, One Canada Square Canary Wharf London, E14 5AB.

At present, eToro is used by over 20 million traders from over 100 countries (60%+ are from Europe).

The list of available trading assets include currencies, commodities, CFDs, and indices, and the platform on which it is all down has literally thousands of new accounts being opened on a daily basis. However, eToro is not an active broker in the United States is not an option for traders that are based there.

“OpenBook” is eToro’s social investment platform and it was launched in 2010 coincidentally with “CopyTrading”.

2010 also saw the launch of the broker’s Android app so traders could now access their account and trade on their mobile phone or tablet. The traders could utilize these features to keenly observe how the most successful traders playing and feed off of that. However, these features have now been swapped for an all-encompassing platform which is still accessible on your android device.

eToro’s main competitors are: 24Option, Markets.com and BDSwiss.

Features of eToro UK

eToro retains a brilliant program for education as well as an all accepting platform for trade.

But what is even more special than that it has one of the world’s largest financial trading communities online. Whereas “OpenBook” and “WebTrader” had a good run as the company’s trading platforms, they were recently replaced by a more efficient all-inclusive platform that can be accessed from any sort of device.

The minimum first deposit for opening a live account with eToro is variable depending which country and specific region a trader is based.

The figure can be anywhere from $50 to $1000. There is a practice account available as well which you can sign up for at no cost whatsoever. The practice account offers a useful insight into the workings of the platform with virtual money and no funding required. Additionally, eToro also offers an Islamic accounts.

eToro does not charge any commissions on executed trades, much like other high-end forex brokers. As compensation, the broker slightly expands the spread.

Trading software

eToro’s original trading platform was rather primitive, aimed at novice inexperienced traders. But it has steadily graduated to the award-winning platform that is now, accessible on both your Android and iOS devices. You can download eToro’s App from Google Play or the iOS App Store.

Deposits and withdrawals

eToro trades on US currency only, therefore converting any deposit made in another currency as it is received. There is a convenient number of option with which you can open a live account with eToro. We have listed them below:

  • Visa
  • Mastercard
  • Diner’s Club credit
  • Wirecard
  • Debit cards
  • Bank wire transfer
  • Yandex
  • Neteller
  • Skrill Limited UK
  • China Union Pay
  • Webmoney UK
  • PayPal
  • GiroPay

Customer Support

Customer support for traders is available 24 hours a day, five days a week from Monday to Friday. Communication is possible via telephone or email. The official email response time is 48 hours.

There does not seem to be a live chat option but there is a customizable digital customer service from a company called “Nano Rep”. There is also a “Customer Service Wall” so that customers can communicate with customer services in a sort of forum.

Usually, any inquiries are manageable with the use of online guides but if a client requests direct communication with a representative, that will be arranged in a short while.

You can choose which representative you would like to speak to by clicking on their photograph where there will be a brief bio description included as well. You can communicate either in English, French, Spanish, German, or Italian.

Security

Besides being regulated by authorities like the FCS and CySEC, we know for a fact that eToro preserves customer information safe and secure by using an updated Secure Socket Layer or SSL to authenticate data transfers and users. It is part of the reason, why the broker is so successful and reputed in forex trading circles.

Conclusion

eToro is very popular among stocks and forex traders.

With its new, all-inclusive trading and social investment platform, it is highly efficient and accessible on your mobile devices as well as your computer. And it caters very well to young and inexperienced traders with its numerous education programs.

The only criticisms we have so far are the lack of an online chat system and the 5-day wait on the withdrawal process. But apart from that, a very good broker indeed.

How to Buy Bitcoin with Paypal

At the time of its launch, Bitcoin was the first and most prominent cryptocurrency around.

buy bitcoin with paypal uk

Now, 10 years later, it still occupies the top spot. However, the same cannot be said about the playing field.

We have seen the rise of dozens of other cryptocurrencies, most notably Ethereum, Ripple, and Litecoin, all competing to knock Bitcoin off the top.

Buying Bitcoin with PayPal in the UK

Most people in the UK have a paypal account and are probably wondering: Is it possible to buy Bitcoin with paypal in the UK?

Similarly, PayPal is another highly used method of making online payments. So the chances are quite high that a Bitcoin trader may simultaneously be maintaining a PayPal account.

This will naturally make anyone wonder whether it’s possible to purchase Bitcoin off your PayPal account. Happily, the answer to that is, yes, it is very possible. In this article, we will break down how it is done.

The first thing you are going to realize about securing Bitcoin purchases with your PayPal account is that there is no direct method of doing so. This makes the process a bit complicated. But for now, you are going to have to settle with alternative methods and marketplaces.

VirWox

Fortunately, PayPal does allow users to employ SSLs or Second Life Lindens to purchase Bitcoin and so several exchanges begun offering SLL services.

VirWox is one of them. It is technically not a Bitcoin exchange but a platform which serves the Second Life game as a way of buying in-game collectibles.

Since the game has been accepted by PayPal, users can employ gaming funds to buy Bitcoins.

Before you begin making Bitcoin purchases through PayPal and Virwox, you must first determine your budget and set up a cryptocurrency wallet if you do not already have one.

Next, you will need to set up an account with VirWox. Once your account is active, you can start depositing money using PayPal. Now you will be able to exchange your balance for SLL and then able to convert SLL to Bitcoin. Virwox does impose a 10% fee on the transaction which is rather high. Once your Bitcoins have been purchased, it is best to transfer them to your wallet.

LocalBitcoins

LocalBitcoins is a popular Bitcoin exchange with an international user base. It supplies a virtual platform through which buyers and sellers can connect with each other and make trades using online payment methods like PayPal.

However, trading here is at your own risk. The platform is considered generally safe and reliable.

Paxful

With Paxful, you can open an account, find a seller and do transactions with your PayPal account. It is not quite as popular as some of the other platforms. However, Paxful users do have better security thanks to its use of an escrow service.

Conclusion

While there are no direct ways in the UK to make direct Bitcoin transactions with your PayPal account, these are a few of the best ways to get around that problem.

While the following platforms have been listed in order of their popularity, your pick should always be based on how suitable it will be for your specific interests and needs as a trader.

 

24Option UK Review

“Welcome to the world’s most awarded trading platform” is what it says when you enter the website for 24option.

24option uk review

And to be fair, that is not an empty greeting. As far as CFD brokers go, this is one really is the grand old man of the clan. It is about as old as the concept of CFD Trading itself. It is currently under the ownership of Rodeler Limited, licensed and regulated under CySEC.

The main talking point with 24option has always been that it offers the highest returns for traders compared to any other broker in the industry. That is 89% for certain options and types of options. The trading platform is an improved version of the Tech Financials system, which is already quite popular.

24Option UK Accounts

With 24option, there are 3 types of accounts to choose from. In descending order they are categorized as Platinum, Gold and Standard. All of them require an initial deposit to be activated and all are offered along with a free demo account. You can start trading soon as your initial deposit is made.

Transactions

  • The minimum amount required for your initial deposit is $250 or the equivalent of that in GBP, EUR, JPY, or RUB.
  • On average the minimum amount invested per option is $24 while the maximum is around the ballpark of $10,000.
  • This broker is compliant with all major credit cards, such as VISA, MasterCard, Maestro International, Carte Bleue, Carta Si, Dankort and Discoverer.
  • Electronic deposits are allowed via MoneyBookers.
  • Wire transfers are also doable but not under the minimum amount of $1000.
  • Supported currencies are the US Dollar, Euro, British Pound, and Japanese Yen. Once selected, the currency may not be switched.
  • Traders are required to produce legal documentation prior to processing withdrawals as is put forth by anti-money laundering policies.
  • Clients are entitled to one free withdrawal every month that is not including any fees being charged by a third party intermediary.

24Option UK Trading platform

24option uses the hugely popular Tech Financials trading platform. You will not be required to download it but you will need to have Flash players and JavaScript. The screen can is available in English as well as French, German, Spanish, Portuguese, Spanish, German, Italian, Japanese, Arabic, Russian, Chinese, Latvian, Romanian, Danish and Indonesian. The platform can also be accessed via your smartphone so you can make trades while on the move.

Also read:

Education

24option contains a comprehensive center of learning which offers eCourses, ebooks for trading, interactive ebooks and trading videos all focused on inspiring the best possible trading strategies for clients with varying levels of experience.

Customer support

Customer support from 24option is among the highest rated of any broker. It is available 24 hours of the day for 7 days a week via telephone, email, or live online chat. Traders can communicate in as many as 17 different languages.

Security

CySEC regulations are decidedly quite strict and any broker that submits to them is considered trustworthy.

Every deposit from a client is separated from the operating capital and safeguarded by the Investor Compensation Program. Personal details, as well as trading details, are encrypted with the latest 128bit SSL technology. That is about as secure as they can get at this point.

Conclusion

24option is one of those long-standing brokers with an impeccable track record and continues to be at the forefront of the broker business.

24option also has the distinction of being the most awarded and critically acclaimed broker of them all. Factor in the sensational payoff ratio, easy to use trading platform, resourceful learning facilities and efficient customer service and it is not hard to see why this broker gets so much praise.

 

Markets.com UK Review

Markets.com is a broker operating under Safecap Investments Limited which is regulated and authorized by CySEC (Cyprus Securities and Exchange Commission) in Cyprus, and FSB (Financial Services Board) in South Africa.

markets-com UK Review

SafeCap, as it were, was founded in 2006 and became involved in the forex market a couple of years later in 2008.

Standout Features

Clients of Markets.com have access to all kinds of helpful material like chart analysis, indicators, oscillators as well as other alerts being offered, in order to make an accurate assessment of the markets they are investing in and so make better predictions that will win them more profits.

Types of accounts

To open an account with Markets.com you must deposit a minimum amount of $100.

Spreads are competitive and the default setting for leverage is 1:50 but it can go as high as 1:300. Bear in mind that the heavier the leverage, the heavier the risk.

Leverage for trading forex is available up to 1:300 while the limit for commodities and indices is 1:200 and for stocks, it is 1:10. Nevertheless, all these values can yield significant returns or losses.

With Markets.com, you can trade in a decent variety of instruments such as gold, commodities, stocks, currencies, CFDs, and equities.

What’s more, said trading is entirely free of commissions and the spreads are still quite tight, down to 1.7 on important fx pairs like GPB/USD, EUR/USD, and USD/JPY.

There is also an unlimited demo account on offer which traders can use to sharpen their trading instincts and skills without risking real funds.

Also read:

Bonus offers and promotions

Markets.com likes to encourage its clients involved swiftly by their own activation online and not have to rely on customer support. New clients can, therefore, anticipate walk-through tips and messages to assist them as well as additional bonuses.

Deposits and withdrawals

There are numerous methods of payment by which to fund your Markets.com account including credit cards, wire transfers, Neteller, Skrill, PayPal, and also whatever methods are available in your area.

Making withdrawals is simple enough with Markets.com. Once you have logged into your account, click on the withdrawal tab and wait for the funds to be transferred through to your bank account.

Educational facilities

At Markets.com, traders can benefit from a comprehensive educational programme in both forex and CFD trading. For instance, there is the News and Research section where traders can access in-depth coverage of the forex market.

Both forex and CFD traders can benefit from technical analysis brought by Trading Central, a leading provider, to help them identify and benefit from the momentum of the market.

CFDs and currencies aside, traders can also access to coverage and analysis of commodities, indices, and stocks.

There is also the Autochartist tool where traders who sign up can and be given alerts, both audio and visual, just as soon as any emerging or complete patterns are recognized or when a Fibonacci pattern is emerging. The alerts, of course, also come with relevant charts/graphs.

Autochartist also features Powerstats that offers you a better assessment of risk and volatility associated with whatever instruments you are trading in.

The website itself is accessible in up to 15 languages including French, German, Italian, Spanish, Portuguese, Swedish, Norwegian, Polish, Slovakian, Romanian and Arabic.

Customer Support

Markets.com boasts one of the most widely available customer support systems of any broker with officers set up in up to 21 locations across the globe with representatives on hand 24 hours a day, 5 days a week.

You can reach them either by email or live online chat.

Is Markets.com a Good UK Broker?

With the provision of such a favorable trading environment and abundant access to customer services, trading with Markets.com is about as sweet as it sounds.

BDSwiss UK Review

The Broker known as a BD Swiss, which was known earlier as Bank De Swiss, has been around since 2011 and has since become a globally reputed broker in CFD trading and most recently in Forex trading as well.

bdswiss uk review

BD Swiss has most of its half a million plus clients operating from European nations. Altogether it is accessible for up to 20 countries and its platform therefore is available in 20 different languages.

BDSwiss accepts traders from the UK.

However, Australia – which happens to be one of the most prominent nations in the world when it comes to CFD trading and forex trading – is not a member of that list.

The BD Swiss brand is owned by the financial investment company, Keplero Holdings Ltd. It is a licensed and fully regulated CFD trading and Forex broker under the Cyprus Securities & exchange Commission or CySEC.

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Primary Features

BD Swiss is quite compatible with the majority of CFD and Forex traders incorporating into its system the essential elements and qualities of any good broker in the business. As with all brokers of this kind its trading platform is based online and is called SpotOption. Not only is it preposterously simple to use, it is also aesthetically pleasing and that could matter more to some customers than others.

Pay out rates are not exactly through the roof but they are still up there. On calling a High or Low Option for instance, you can expect a pay-out of 89%. You also have the option of extending time period on a trade by using the Roll Over feature. Changing the time period could potentially save you from making an inaccurate prediction and landing out the money.

You can also make use of the double feature to double the funds placed on an option. If you are confident enough that your prediction is accurate, you could then stand to make double the profit that was originally projected.

The Mobile App

Being able to continue trading while commuting outdoors is essential for many CFD traders. BD Swiss offers an easy to use app for devices with both Android and IOS software.  You will have complete access to your account details and history as well as place all the different options on any asset offered by the online platform.

Opening an Account

BD Swiss is a fairly attractive choice for novice traders to invest in as it requires just $100 for opening a brand new account. However, in order to afford yourself more leverage on trades, it is advisable to invest at least two and half times that amount to get a decent start in the market. Traders do not have the option of maintaining multiple accounts simultaneously or access to a demo account.

Deposits and Withdrawals

Unlike its stingy policy on accounts, you do get a much friendlier variety of deposit options with BD Swiss. For the convenience of the traders, the website features a thorough description of all the important details concerning deposits such as the various methods available as well as the relevant processing times.

The minimum deposit that can be made in 100 Euros or an equivalent value in other currencies. Apart from bank wire transfers which can take any amount of time within a week to be processed, a deposit can be made using a Credit card, Paysafecard, EPS, Maestro, Giropay, Ukash or Sofort.

Withdrawals can be made using the same methods used on deposits. Processing a withdrawal can last from a single day to an entire week. As with deposits, the minimum amount for takeout is 100 Euros. Only for bank wire transfers, there will be a handling fee of $25.

Bonuses are not much of an amusement here. There are some but you would have to consult the terms & conditions extensively to see if you can land one.

Customer Support

You can keep in touch with this broker via telephone, emailing or a live chat option on the official website. The main languages you can communicate in are English, Spanish, Italian, German, Swedish, Austrian, Norwegian and Danish.

Pros

  • User friendly online platform
  • Low deposit for opening an account
  • Diversity of assets and option are available

Cons

  • Does not accept US or Australian traders

Verdict

BD Swiss tends to prefer European clientele. However, it is still an extremely competent and reliable broker and is capable of returning huge profits to its clients.

Avatrade UK Review

Founded in 2006 and based in Dublin, Ireland, AvaTrade is a forex broker with a trading network accessible to over 150 nations.

It is licensed and regulated broker under multiple government authorities including the EU, BVI and also authorities in Australia, Japan, and South Africa. However, it does not extend its services to US based traders.

avatrade

AvaTrade allows its users to:

  • Trade Cryptocurrencies and Commodities
  • Forex Trading,
  • Purchase And Sell Stocks,
  • Partake in various methods of training to improve yourself as a trader! (for free)

In order to use AvaTrade you must create an account.

You will be able to choose between a few different types of accounts, including some more and less advanced ones, these services are available in 14 different languages.

AvaTrade is regulated across 6 jurisdictions including the UK.

Trading Software

AvaTrade provides access to a variable multitude of trading platforms, both automatic and manual. Traders can select from over 250 trading assets in addition to analytical instruments, indicators, and charts. The platform itself is very user-friendly and allows you to trade any asset with a single click on the same screen. Another perk with this trading platform is that it can be customized quite a bit and provides access to advanced charts, live feeds, and real-time analysis.

Deposits and Withdrawals

The minimum deposit required to open an account with AvaTrade is $100. The maximum leverage available is 400:1.

Avatrade is compatible with many methods for depositing funds. Refer the list below:

  • Credit card
  • Wire transfers
  • PayPal
  • WebMoney
  • NeTeller
  • Moneybookers

If you are keen to skip the paperwork on your withdrawal, you can use the Ava Debit card. However, a withdrawal usually takes a yawning 5 days to be processed.

Avatrade Accounts

Sometimes, especially for people who are new to trading, it’s hard to pick the metaphorical depth of the pool you’re willing to hop into – that’s why AvaTrade offers a demo account for free!

The demo account is a tool which remains active for 21 days starting from the point of creation. (according to the website you can extend this period of time by contacting them – or just make a new account.)

  • The demo account lets you experience forex trading for free, depending on your region you will receive different leverage,
  • The demo account provides you with virtual funds to experiment and learn trading with,
  • The largest limitation is the inability to use features restricted to VIP and Experienced accounts, such, plus the fact the money you get to start is.

Make sure to also check out M1 Finance.

If you are living in the EU, the standard account for most users in the retail account, the big advantages of using this type of account are…

  • Risk warning put in place to help the user avoid dangerous trades,
  • Negative balance protection stopping you from going into debt with a negative balance,

If you are living outside of the EU, the go-to normal account is the standard account – aside from leverage differences (for legal reasons) the (EU) retail account and the (NON-EU) standard account are virtually identical.

So for someone living in Australia for example, you’d go for the standard account, not the retail account.

The professional account is not the kind used by your average trader who trades for a hobby, it’s designed from educated and experienced users who don’t need the training wheels and who know the risks of trading.

Seeing as the holder of this kind of account is seen as experienced, they will no longer receive warnings and will no longer

Crypto account

While not considered a “core” account, the crypto account allows you to trade cryptocurrencies. The currencies which you are able to trade include: Bitcoin, Stellar coin, Etherium, Ripple and Litecoin.

AvaTrade provides you with trading and analytical tools.

AvaTradeGO

This is a mobile application allowing you to “trade on the go” – it promises both a friendly dashboard and advanced features.

MetaTrader 4

Also known as MT4, this tool which offers you a platform to trade, they promise…

  • 80 currency pairs,
  • No commissions,
  • Free download and installation,
  • And no deposit!

MetaTrader 5

Much like it’s ancestor the MT5 is a trading platform, on top of the previously mentioned pros it also offers:

  • An improved interface
  • More analytical tools
  • 38 Technical trend detection indicators

MT5 is also more accessible than MT4 – giving you the ability to use it on your PC, iOS and Android devices.

Automatic software

The two automatic trading software offered are:

These tools let you automatically copy the actions of more experienced users allowing for effortless investments in the right places.

Customer services

Customer support form Avatrade is on hand 24 hours a day for 5 days a week. The interface is well developed and the staff, very skilled. Traders can communicate in at least 12 different languages.

Does AvaTrade Offer Any Support To Its Users?

No matter you level of expertise you always have various resources to use in your journey through AvaTrade,

On the official website you have access to an ‘education’ tab, it contains…

  • The ‘Trading for beginners’ tab, it will lead you down a rabbit hole of all the basic you need to know, from basics like ‘what is a trend?’ to ‘technical analysis’ – at the time of writing the ‘Trading for beginners’ tab contains 31 articles explaining each topic in
  • The ‘What are Economic Indicators?’ tab, this is a smaller piece explaining the logic behind and the use for the trader’s ability to predict the impact of certain events on the
  • ‘Trading Video Tutorials’ – these are professional videos created to explain various topics, from tutorials on how to train safely to tutorials regarding advanced training tools, in total at the time of writing this – there are 56 video tutorial available for free!.
  • Lastly they also offer the ‘Forex eBook’ this is a book covering the basics and the more advanced aspects of forex trading, available for free!

Aside from learning about how to trade, sometimes you need to ask someone a question – sometimes too simple or too specific to find in a standardised tutorial or QNA, for that there is a ‘Live Chat’ button – after filling out some small details you will be sent into a live chat where you can ask for assistance.

It’s natural to be skeptical about internet security. Especially when you’re handling serious money or relying on it for a living, this is why AvaTrade comes with a host of security measures such as 256-bit SSL encryption. Needless to say, so long as you don’t give away your password – you’ll be safe

Security

AvaTrade is part of a holding company that has a market cap around the ballpark of $17 billion, which is a rare phenomenon in the forex market and is a good reason for why this broker is so trustworthy. On top of that, as a broker based in a European nation, it submits to the comprehensive and regulations set forth by the EU. That suggests its security devices such as data encryption are held to the highest possible standard. The rest of its operations also receive real-time updates thanks to the work of top IT in the field. Rest assured, for a trader, the operations of this firm areas bang up to date as this morning’s newspaper.

Additional services

AvaTrade has made important strides in the education sector as well, appealing equally to both novice and veteran traders. You can access plenty of tips and tools that will help your career in online trading. The learning materials being offered are detailed in the list below:

  • Market reviews
  • Signals and analysis
  • Technical analysis
  • Free FX signals
  • Economic calendar

For novice traders, there are live introductory seminars accessible online, containing real-time information on the market as well as guided tutorials. All of it is freely available.

The platform can be accessed on both your Android and iOS devices.

AvaOptions appeals to the more hardcore traders who intend to trade on Real FX Options. The platform provides access to OTC Vanilla options along with spot and trading options from the same interface for over 30 currency pairs.

Is Avatrade a Good Broker for UK Investors?

While no forex trading is easy AvaTrade along with it’s software provide a safe, regulated and intuitive platform for traders of any skill level to benefit from.

I think that the official review on their website speak for itself, displaying a 4.1 out of 5 with 150 reviews.

Conclusion

AvaTrades operations in the forex market have been active for more than a decade.

In that time, its primary assets have proven to be a high level of security for traders as well as the prompt technological updates it receives on all of its functions. One of the foremost imperatives for a trader is to verify that their broker’s services are licensed and regulated by a reputed government agency.

AvaTrade belongs to an international group with a market cap worth billions of dollars. And its numerous allocated learning resources for trading make it a prime consideration for both novice and experienced traders all over the world.