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Trading 212 UK Review

Trading 212 is one of the most well-known brokerage services globally, not just in the United Kingdom. Trading 212 is a well-known CFD and FX broker all over the world. But clients that use the platform can also trade stocks and EFTs for free.

trading212 uk

The company began operations in 2004, and its headquarters are located in London. It’s available to UK traders who wish to invest in stocks are other assets.

Trading 212 is governed by the Financial Conduct Authority of the United Kingdom (FCA) and the Financial Supervision Commission of Bulgaria (FSC).

This article will teach you everything you need to know about Trading 212 in the United Kingdom. We’ll go over the platform’s features, trading fees, demo account, transactional data, and other details. Also, look at their trump card, the mobile app. So, if you’re eager to learn more, keep reading.

The best alternatives to Trading212 are eToro and Swissquote.

Does Trading 212 Accept UK Traders?

Yes, traders in the UK can join the platform and carry out their trading without worry.

The company is registered in England and Wales—thus, any United Kingdom trader can use all its services.

Account Types on Trading 212

When you join Trading 212, you get three accounts to select, and they differ based on the assets you can trade. The country you reside in is also a factor that can force you to choose a particular account.

Every member can access any of the accounts featured on the platform, but they do not have any corporate accounts.

CFD Account

The CFD account is available for clients in all countries that Trading 212 is accessible. The clients using this account can only trade in CFDs.

Trading 212 Invest Account

The Invest account is also available in all countries that Trading 212 operates. And the clients using this account are free to trade in real stocks and EFTs across all money markets globally.

Trading 212 ISA

The Trading 212 ISA is an Individual Savings Account. It’s a tax-efficient account that allows investors to save and invest with the total amount in the current tax year, 20k Euros.

The four main types of ISAs are Stocks and shares, cash, innovative finance, and lifetime.

This last account is only available to traders based in the United Kingdom. This exclusive account allows traders to buy and sell securities like real stocks and EFTs.

How to Open an Account on Trading 212

The process of opening an account on Trading 212 is very straightforward. You can do everything online.

Even so, the verification time is usually under one business day so that you can start trading right away.

This is the procedure you follow when you want to open an account:

  1. Sign up by entering your information like email address, name, country of residence and date of birth.
  2. Select the account type you want, plus select the currency type you will be using on the account.
  3. You have to accept the terms and conditions. Then activate your account by verification of your identity and residency.

To prove your identity, you will have to provide the platform with extra information. They require any identification documentation like an ID, passport, or driving license.

Proof of address will also be needed. And for this, you can use a bank statement or a recent utility bill, preferably no longer than three months.

You will not need to deposit anything to open an account.

Trading 212 Trading Platform

The brokerage allows traders to trade on the website as well as on their mobile app. Both platforms are quite intuitive and easy to use.

Web Trading Platform

Interface and Usage

The website interface is user-friendly and has a customizable option that lets the trader move things around to their liking. A user can change the sizes of tabs and dimensions of the elements as they trade.

The site is available in 11 different dialects, including English, Polish, German, Russian, Italian, Spanish, Dutch, Romanian, Arabian, French, and Chinese.

Security and Platform Maneuvering

When you log in, there is a two-step authentification for security purposes. And this can only be achieved through your mobile. Trading 212 also has a commendable and sophisticated search function.

One can quickly search by the name of a product and the security category you wish to trade.

Placing Orders

If you are a holder of any of the three CFD, ISA, and Invest accounts, you can submit and place orders within certain time limits. All accounts allow for orders in the market, limit and stop orders.

Then the Invest and ISA allow the stop limit and Good until the end of the day/canceled orders, but the CFD does not have them. The CFD has the OCO, and the other two lack this order.

As you trade, you get a trade ticket that displays vital information regarding the order you are about to place. The quantity of trade, the margins, swap rates, and stamp duty are some of the information displayed on this ticket.

This ticket puts your trade into perspective before you buy or sell a security.

Notifications

You can set up notifications like emails or texts on your phone.

On the web trading platform on Trading 212, you can set alerts as well as notifications. These will inform you of the orders, news, or any margin calls you might have selected.

Mobile Trading

Interface and Usage

The selling point of Trading 212, the mobile app, is nothing short of spectacular. The design is awe-inspiring, and the interface is user-friendly.

The app is downloadable on both iOS and Android mobile devices. The languages available are similar to the ones on the web version of the platform.

Security and Platform Maneuvering

Signing in on the mobile app is a breeze. Once you log in, there is a two-step verification authentication solidifying the security of the app. You can choose to use biometrics such as touch ID if your device supports it.

The search function is just as easy. It is intuitive and offers you what you search just as fast. The search provides you several assets you can trade besides the security you search for. You can search for stocks, indices, currencies, and commodities.

Notifications

The notification on the mobile app comes as push notifications. You cannot get SMS or email alerts on the website platform.

Markets and Products on Trading 212

Trading 212 offers the trade of real stocks, EFTs, CFDs, and Forex. It does not offer trade in mutual funds, bonds, options, and futures.

The platform supports 184 currency pairs, 51 stock index CFDs, 1700 stock CFDs, 28 EFT CFDs, and 45 Commodity CFDs.

However, it does not support cryptocurrency trading.

Stocks and EFTs

The stocks and EFTs trading portfolio is limited in that you only have seven stock markets to trade in and 200 EFTs. In hindsight, this is a large number of securities, but they have less when compared to other brokers in the industry.

Auto investing on Trading 212

If you want to put your investments on autopilot then the auto trading feature is for you. With Auto Investing you can rebalance your portfolio automatically. You can also automate your deposits.

This is one of the best “set-and-forget” approaches, I’ve seen so far.

Charting tools

These charts are very interactive and user-friendly. However, they are not the best to use since the news flow is not up to date, and there is no fundamental data available for a trader to use.

The charting tools are available on both web and mobile versions of Trading 212.

Educational Products

Trading 212 offers its users educational videos and tutorials on how to use the platform. Ther provide new members the basics of trading, which assists many beginners in getting started.

Their demo account is also a great educational feature that gives newbies practice ground to learn more about trading. You will also find academic articles offering more information on trading.

Deposits and Withdrawals

Both deposits and withdrawals are generally free and speedy through multiple channels. The base currencies are:

  • USD
  • GBP
  • EUR
  • RON
  • PLN
  • CHF
  • NOK
  • SEK
  • CZK

These currencies are limited to only a couple per country. For instance, in the UK, only GBP, EUR, and USD are available.

If you trade in one currency as your bank account, you do not have to incur conversion rates for deposits and withdrawals. But if it is the opposite, you will have to pay the conversion fees appropriately.

To bypass this, you can open a multi-currency bank account at a digital financial facility.

Depositing on Trading 212

Depositing on Trading 212 is free. However, when you deposit more than two thousand euros, you get a 0.07% deposit fee. And this is applied if you deposit using an e-wallet or your credit or debit card.

Here is a list of all the e-wallets you can use to deposit money on your Trading 212 account:

  • Google play
  • Paypal
  • Skrill
  • Apple Pay
  • Dotpay
  • Giropay
  • Carte Bleue
  • Direct eBanking
  • iDeal

The availability is linked to specific counties, and the user is the one to confirm which is available in their country.

Payments using bank transfers may take a few business days to verify, although using credit and debit cards is instant.

Withdrawing on Trading 212

Withdrawing on Trading 212 is free, and when you do it via debit card, it takes about one business day. You can only withdraw money to accounts that have your name on them.

Here is the procedure you use to withdraw your money from any of your Trading 212 accounts:

  • Click on manage funds on your dashboard after logging in.
  • Enter your password and select your withdrawal amount.
  • Confirm the withdrawal and wait for the verification.

Trading 212 Fees

Trading 212 has several commission-free stocks and EFTs, meaning a trader gets to trade for free. In general, there are no fees incurred in deposits, withdrawals, and inactivity. On the flip side, the forex trading costs are high.

There is a 0.05 % currency conversion fee for all CFD and forex trading. This rate could go as high as 0.15 % for real stocks and EFTs.

Trading 212 Customer Service

Of all the services Trading 212 offers its clients, customer support is the most wanting. Indeed they answer any query with relevant answers and are available around the clock, but you can only reach them via email support.

They do not have live chat or phone support. This is a major shortcoming as most people need fast and immediate solutions to their queries.

Is Trading212 Safe?

If you are trading in the UK and Germany, the investor protection amount is about 85,000 Euros regulated by the Financial Conduct Authority, FCA.

The other countries get 90% protection on investors’ funds to a maximum of 20k Euros facilitated by the Bulgarian Financial Supervision Commission, FSC.

Take Away

Some people in the modern world don’t just work to make money for a living. They go the extra mile to multiply the money through investing and trading. As a result, looking for brokerage services online has become a widespread practice.

Trading 212 overall performances as a brokerage platform in the United Kingdom is excellent. The most commendable part they offer is the low and no fees on the deposits, withdrawals, and commission when one trades on the securities.

Despite the platform having a limited platform compared to its competitors in the market, it still stands as a pretty good choice that traders can use.

It is a great place to start your trading career because of its numerous practice ground and available tools to make you better. Most importantly, they operate in the UK, and they have investor protection of up to €85,000.

Swissquote UK Review

The Swissquote group was established in 1996. It is listed on the Swiss Stock Exchange and deals with clients from all over the world. It has two main entities: Swissquote Bank LTD and Swissquote LTD.

swissquote uk review

The former is located in Switzerland. It is used for stock, funds, options, and futures trading. The other branch is located in Luxembourg – and you can use it to trade CFDs and forex.

We have provided a thorough review of the firm below, so keep reading.

Is Swissquote Available in the UK?

Swissquote LUX allows clients from 150 different countries to register, while Swissquote CH serves clients from 120 countries. Any individual from most parts of the world can sign up. This includes the United Kingdom.

Swissquote Review – Good or Bad UK Broker?

We’ve discussed everything you need to know about the online broker.

Assets and Markets Available

The group’s Swiss branch trades many different kinds of stocks. You’ll be able to trade:

  • ETF
  • Crypto
  • Fund
  • Bond
  • Stock
  • Options
  • Futures

Stocks and ETFs

The broker allows you to access 60 different kinds of stock exchanges. Compared to its rival Saxo Bank, there is a wider selection of markets. A bonus is that you can trade US penny stocks too.

The number of ETFs that the firm offers is decent. However, the number isn’t that high when compared to rivals. Swissquote offers 1,400 ETFs, while Saxo Bank offers 3,100 and TradeStation Global offers over 10,000 of them.

Forex

You can trade 80 different currency pairs through Swissquote LUX. This is not the same as Saxo Bank and TradeStation Global, however, which allows you to trade 182 and 105 respectively.

Cryptos

You’ll be able to trade 12 different cryptos as CFDs. You may be wondering if they’re leveraged CFDs or not. The answer is no.

The cryptos you’ll get are:

  • 0x
  • Augur
  • Bitcoin
  • Bitcoin Cash
  • Chainlink
  • EOS
  • Ether
  • Ethereum Classic
  • Litecoin
  • Ripple
  • Stellar
  • Tezos

The selection is just as good as Saxo and TradeStation. Both offer 4 cryptocurrencies together.

CFDs

You’ll only able to trade CFDs through Swissquote LUX. It offers CFDs through forex, indices, bonds, and commodities. Individual stock and ETF CFDs are not available.

The selection consists of 26 stock index CFDs, 12 commodity CFDs and 3 bond CFDs.

Bonds

The firm’s selection of bonds is good. It is much wider than Saxo Bank’s but not as big as TradeStation’s.

You’ll be getting 53,400 bonds, while Saxo only offers 40,000 bonds and TradeStation offers 60,000 of them.

Trading Platform

You’ll have access to several different trading platforms. At times, it can be difficult to decide which one to choose. If you’re going to trade stocks, eTrading would be best.

MetaTrader 4, MetaTrader 5, and the custom platform, Advanced Trader, can be used to trade forex.

From this selection, eTrading is by far the most popular. It comes in multiple languages:

  • Arabic
  • Chinese
  • English
  • French
  • German
  • Italian
  • Russian
  • Simplified Chinese
  • Spanish

Let’s talk more about eTrading below.

Design

The site is not complicated to use. However, one of our complaints is that it is a bit too Swiss-focused. For example, you’ll find the Swiss stock market featured above the European and US ones.

However, you can customize the platform to your preferences.

Search Functions

You can set filters to find assets as well. This could include rating, risk, sector, market cap, and analyst recommendation.

As mentioned, eTrading is a little too Swiss-focused. Swiss assets often appear at the top of search results. You will also be hit with timeouts when waiting for search results.

Notifications

You can create a custom alert box to receive any news of your choice. You can also make a watchlist for price alerts. You’ll be able to get notifications when trades are completed too.

Instead of getting notifications only on the Swissquote site, you can get them sent to you via email.

Portfolios

Checking your portfolio won’t be a problem. However, it’s not easy to get a report on all the fees you have been paid. You will have to wait for around 30 minutes till your asset statement is compiled.

Login

The default login process is quite simple. You can set up a 2-step identification process through mobile authentication or a special physical code.

Orders

There will be 5 order types:

  • Limit
  • Market
  • Stop
  • Stop limit
  • OCO (One-cancels-the-other)

Mobile Trading

Swissquote has an app on iOS and Android devices. The mobile trading platforms available are eTrading, MetaTrader 4, MetaTrader 5, and Advanced Trader.

The app can be used in English, German, Italian, and French.

We’ll be discussing how you can conduct eTrading on the broker’s mobile app.

Design

eTrading is easier to do on your phone than on the computer. The layout looks very modern too. If you rotate your phone horizontally, you’ll get a more detailed view of charts and lists.

Login

The app has a one-step login by default. You can enable level-3 security to set a separate pin for your account.

You can also set up a biometric authentication if you want. You won’t be able to log in without your fingerprint, retina scan, or voice.

Search Function

The search function is simple. There are no advanced filters like those found on the web version, which is a drawback. Just like on the web version, search results focus too much on Swiss assets.

Orders

The order types available are:

  • Market
  • Limit
  • Stop
  • Stop limit

Swissquote doesn’t have social trading like eToro does.

Notifications

You can set notifications and alerts for various aspects, including price, news, and order confirmation.

Deposits and Withdrawals

Swissquote CH offers an impressive number of account-based currency pairs. The number of currency pairs that Swissquote LUX offers is average in comparison. When you trade with your local currency, you wouldn’t have to pay hefty conversion fees.

Swissquote CH offers the following pairs:

  • EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD, PLN, SEK, DKK, NOK, HUF, TRY, ZAR, SGD, MXN, HKD, THB, ILS, AED

Meanwhile, the pairs Swissquote LUX provides are:

  • GBP, EUR, USD, CHF, AUD, JPY, PLN, CZK, HUF

An easy way to avoid the conversion fees is by creating a multi-currency bank account. You can open one in a digital bank, and it will only take you a couple of minutes.

If you compare the base currency pairs the broker offers with rivals, you will see that it’s on par. Swissquote provides 21 different pairs, while Saxo Bank offers 26 and TradeStation Global offers 22 of them.

Deposits

The group’s Swiss branch doesn’t charge deposit fees for bank transfers. However, you’ll be charged between 2.2%- 2.5% for deposits via credit and debit cards. The exact percentage depends on where you live.

Meanwhile, the Luxembourg branch doesn’t charge any fees for deposits.

You won’t be able to make deposits through e-wallets. Know that TradeStation Global and Saxo Bank won’t let you do this either.

If you want to fund your account through a bank transfer, it might take several business days for the money to show up in your account. The longest time it will take for the money sent via debit or credit card to show up would be an hour.

Do you need to make a minimum deposit? You won’t if you’re going to be using Swissquote CH. However, if you’re going to make a forex account (through Swissquote Lux), a minimum deposit between $1,000 – $50,000 would be required.

Withdrawals

The broker’s withdrawal fees depend on which of its entities you use, as well as where you live. Swissquote LUX doesn’t charge any withdrawal fees. However, Swissquote CH will charge you €2 if you’re withdrawing in euros, and $10 if you’re withdrawing in USD.

Both these entities only allow you to make withdrawals via a bank account in your name. At times, the cash can take several business days to be transferred. However, it will most likely reach you in a business day, which is not too bad.

Is My Money Safe with Swissquote?

Yes, your money will be safe. The firm has been around for some time, and it’s regulated by some of the most top-tier financial bodies. The two main entities that regulate it are the Swiss Financial Market Supervisory Authority (FINMA) and Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).

Some of the other bodies that regulate it are:

  • Financial Conduct Authority (FCA)
  • Dubai Financial Services Authority (DFSA)
  • Hong Kong Securities and Futures Commission (SFC)
  • Monetary Authority of Singapore (MAS)
  • Malta Financial Services Authority (MFSA)

If you want to know whether a broker is safe or not, look into its background, as well as what protection will be offered if something were to go wrong. With these two points in mind, Swissquote is ideal. It is reliable and heavily regulated.

You’re probably wondering if you can get investor protection or not. The investor protection you get depends on which of the firm’s entities you are a client of.

  • Swissquote Bank LTD – it is based in Switzerland and regulated by FINMA. The investor protection you’ll get is CHF 100,000 per account.
  • Swissquote Bank Europe – it is based in Luxembourg and is regulated by the CSSF. You’ll be getting investor protection of up to €20,000 for securities, and €100,000 for cash per account.
  • Swissquote MEA LTD – This is regulated by the Dubai Financial Services Authority. It’s specifically aimed at clients from the Middle East. You’ll get investment protection of CHF 100,000 for cash.

The group’s subsidiaries for Singapore and China don’t provide any investor protection, however.

Swissquote offers retail clients negative balance protection if they’re from the EU and trade CFD or Forex. Negative balance protection ensures that you don’t lose more cash than what’s in your trading account.

Overall, your money will be safe as Swissquote is a licensed bank, and it is publicly listed, so it’s no small-fry.

Is Swissquote a Good Broker?

You don’t need to be an expert to know that Swissquote is an excellent broker. For one, you’ll be able to trade a range of assets here. Users from all over the world are welcome too.

The site is very safe to work with, and you’ll be in goods. This is what you want when working with any broker, as you might be depositing thousands into your trading account and you need to know that your money will be well-protected.

Swissquote is regulated by many financial bodies, and it’s a registered bank. As a result, you have nothing to worry about. The fact that it is a broker that has been around for a while and has a great reputation makes it safer to work with.

If you have any problem you’ll be able to get help by contacting their customer service. You can contact the firm’s team through phone, email, or live chat. They provide great advice and solutions, and the support team is helpful.

You can get customer support in many languages as well. They include: Arabic, Chinese, Czech, English, French, German, Italian, Spanish and Russian. We have a small complaint, however. We would have preferred if languages like Romanian or Hungarian were available too.

The customer support team does not work 24/7. They’ll be available from 8 am to 10 PM CET from Monday to Friday.

You’ll be able to refine your craft, as there are several guides and tutorials on how to improve your trading. There are tutorials and guides on how you can use MetaTrader 4, 5, eTrading, and Advanced Trader too. You’ll be able to make a demo account to practice what you’ve learned. It will be funded with virtual money for you to practice and create strategies.

There are also webinars in multiple languages to help you broaden your knowledge.

Final Thoughts

Swissquote has two main entities. They are Swissquote Bank LTD (CH) and Swissquote LTD (LUX). Depending on which you choose, the assets you’ll be able to trade would differ. Overall, the broker is highly secure, so you don’t have to worry about your money. It also offers many resource guides to improve your craft. If you have any problems, they have a helpful support team to guide you.

XTB UK Review

XTB was founded in 2002 and was first called X-Trade. It then morphed into X-Trade Brokers in 2004. In 2016, it was listed on the Warsaw Stock Exchange under the XTB ticker symbol.

XTB UK Review

It is quickly becoming one of the most competitive and popular brokers around. It provides access to various markets, which we’ve discussed.

X-Trade is regulated by five financial bodies, including the Financial Conduct Authority. Clients from all over the world are welcome, except if you’re from the US and a few other countries.

We’ve discussed the company in-depth in our review below.

Does XTB Accept Traders From the UK?

XTB LTD, which is regulated by the FCA, only accepts traders who are residents of the United Kingdom. If you’re from the EU and want to use the broker, you’ll have to use XTB CYPRUS. Canadian clients can make use of X-Trade’s French branch.

Unfortunately, the site doesn’t accept clients from certain countries.

XTB INTERNATIONAL is only available to those outside the UK and EU, and to those who don’t fall into the list of countries above.

X-Trade Brokers Review

We’ve discussed everything you need to know about the site below.

Markets

XTB is mostly used to trade CFD and Forex. Its selection of CFDs is on par with rivals like eToro and Trading 212.

There are 49 currency pairs, 42 stock index CFDs, 1,800 stock CFDs, 114 ETF CFDs, 22 commodity CFDs, and 25 cryptos.

The number of cryptos the site offers is more than that of eToro and Trading 212. They both offer just 16.

X-Trade doesn’t allow you to change the default leverage level of its products. This can be a major drawback.

Stock Trading

You can trade ETFs as well as real stocks if you’re an EU client who is not in the UK, Cyprus, Hungary, or Italy.

There are 17 stock products and 220 ETFs available. Even though the selection of stock products is decent, the number of ETFs is not ideal.

Trading 212 and eToro offer 7 and 17 stock products respectively. Although the 220 ETFs XTB offers are less than ideal, eToro and Trading 212 don’t fare any better. Trading 212 offers 200  ETFs, while eToro only offers 145 of them.

Trading Platform

You can utilize either xStation 5 or MetaTrader 4. xStation 5 is X-Trade Broker’s custom platform. MT4 is a third-party option.

xStation 5 is available in many languages. They include:

  • Arabic
  • Bulgarian
  • Chinese
  • Czech
  • English
  • French
  • German
  • Hungarian
  • Italian
  • Japanese
  • Polish
  • Portuguese
  • Romanian
  • Russian
  • Slovenian
  • Spanish
  • Thai
  • Turkish
  • Vietnamese

Let’s talk more about X-Trade’s custom platform.

Design

You might feel intimidated by xStation 5 at first glance. It looks like a trading platform designed for professionals. However, once you start using it, you’ll realize that it’s not too complicated. You can also easily customize it.

Asset Searches

There are two ways you can search for assets on ‘Market Watch’.

  1. Click the product name in the search bar
  2. Go through the different categories and products available. Let’s say you want to trade a US stock CFD. You have to click on the specific stock type and then the US.

Placing Orders

xStation 5 comes with a trader calculator. You’ll be able to calculate the margins, commissions, and the other parameters of trades.

The order types available are:

  • Market
  • Limit
  • Stop
  • Trailing stop

Login

Logging in doesn’t take long. It’s a one-step process. Just know that a two-step login would be more secure.

Notifications

Notifications and alerts can be sent through email or SMS. In terms of what you can use this feature for, they include margin calls, deposits, withdrawals, and closed positions.

Portfolio

The platform provides clear portfolio and fees reports. They’re available under the ‘History’ tab. Daily reports via email can be sent to you as well.

Mobile Trading

Mobile trading can be done either through xStation 5 or MetaTrader 4. Mobile trading is possible on both Android and IOS. You’ll be able to trade in as many languages as you like on the web trading version.

Design

The XTB mobile app is well-designed and user-friendly. You’ll easily be able to find any feature you want.

Login

Only one-step login is available. A two-step login would be more secure. However, you can set up fingerprint authentication which is a bonus.

Search Function

All you need to do is type the name of the product in the search bar or browse the different product categories.

Placing Orders

The same order types as the web trading platform are available:

  • Market
  • Limit
  • Stop
  • Trailing stop

Alerts

The app lets you set as many alerts and notifications as you want. This includes notifications for market news and price changes.

Deposits and Withdrawals

The account base currencies available are below average compared to rivals. The only major currencies available are USD, EUR, and GBP. XTB’s less popular currency accounts are HUF and PLN.

If you’re new to trading, you may be wondering why the number of currency accounts matters. When you fund your account or trade assets in the same currency as your bank account, you don’t have to pay conversion fees. These fees can be pricey.

An easy way to avoid the conversion fees is by opening a multi-currency bank account. This will only take a couple of minutes.

One of the advantages is that X-Trade doesn’t have a minimum deposit amount. You can deposit whatever you want to open a live account.

Fees

XTB doesn’t charge deposit fees. However, e-wallets like PaySafe (formerly Skrill) and PayPal will charge 2% from the sum you’ve deposited.

Your location will determine which e-wallet you’ll be able to use. The ones XTB accepts are:

  • Paypal
  • Paysafe (formerly Skrill)
  • Neteller
  • Paydoo
  • PayU
  • SafetyPay
  • ECOMMPAY
  • BlueCash
  • Blik
  • Sofort

You can also make deposits through debit and credit cards, as well as bank transfers. Just know that a deposit via bank transfer can take several days.

Withdrawal Fees & Options

X-Trade does not charge withdrawal fees for sums over €80/$100. €16 would be charged if the sum is below 80 pounds and 20 dollars if it’s below 100 dollars.

You can only withdraw money through a bank account in your name. If you make the withdrawal before 1 PM, the cash will show up in your bank account on the same day. Otherwise, it would take one business day to arrive.

Let’s talk about the withdrawal process.

First, log into your trading account. You’ll see a ‘Deposit and withdraw funds’ option on the bottom right. When you click it, you’ll be directed to a page where you’re asked to include your bank details. This is the account your money would be sent to. Initiate the withdrawal and you’re good to go.

All you need to do now is wait. Keep in mind that if you did the withdrawal before 1 PM, you’ll get the cash sent to you that same day.

Is My Money Safe with XTB?

Yes, your money will be safe. X-Trade Brokers UK is regulated by the Financial Conduct Authority which is one of the largest and best-regulated financial bodies in the world.

Meanwhile, the EU branch of the site is regulated by CySec, under the 169/12 license number.

XTB’s international branch is regulated by the Belize International Financial Services Commission. It’s under the IFSC/60/413/TS/19 license number.

If you’re a retail client from the EU, you’ll have negative balance protection. This is mandated under the ESMA’s rules. It ensures that you won’t lose more than what’s in your trading account. Just know that the protection would only be offered for CFD and Forex spot trading.

Let’s talk about the investor protection you’ll get. It would be 100% up to every €3,000, and 90% up to every €22,000.

X-Trade does not provide two-factor authentication. However, it offers bio-metric protection for its mobile app. This means that you’ll have to use either your fingerprint, voice, or retina to log into your account.

You also need to have a long password that is a mix of low and upper case, along with numbers and special characters.

It’s safe to use XTB, as it has a long and clean track record. The company regularly releases financial statements, so transparency is never an issue. The broker is also listed on the Warsaw Stock Exchange – it’s no small-fry.

While on the topic of safety, know that the site doesn’t have a banking license. To some people, this may be an issue.

Resources

The firm’s educational materials are great. You can find four different courses on trading, which are divided into basic, intermediate, expert, and premium content. The basic and intermediate courses are free but you need to pay for the other two.

Each of the courses includes videos and articles. The topics are diverse and do not deviate from the industry norm. All the information that a beginner should know about is available.  Its resources are well-organized, which is a plus.

In the premium course, X-Trade has complied material from some of the best traders in the game.

The broker holds conferences and events for people who want to get into trading. In April 2019, X-Trade held the Global Online Trading Master Class. It was live-streamed and users from various locations took part.

Not only are there resources to help you invest better, but you can also find tutorials on how to use xStation 5 and Metatrader 4. You can get a demo account for this. You’ll be funded with virtual money to practice trading strategies.

Is XTB a Good Broker?

You don’t need to be a pro trader to know that the broker is worth your while. You’ll be able to trade a large selection of CFDs and Forex. The number of stock types you can trade is just as good. However, as mentioned, the number of ETFs available isn’t the best.

XTB is easy to use, and your money will be safe. The cherry on top is the fact that you’ll be getting superb customer support.

You can contact the support team through live chat, phone, or email. This is available in many languages, including Romanian and Hungarian.

The broker’s live chat provides immediate, helpful replies. What’s more, its phone support team answers calls almost immediately and attends to problems.

We contacted the site’s team via email. We had no complaints, as the representative we spoke with cleared all the doubts we had.

If you live outside Europe, you’ll get 24/7 customer support. But if you’re from the EU, support would only be available 24/5.

The fact that X-Trade has many resources and educational guides is also appreciated. If you want to become a pro, you can purchase its premium course material.  You can also attend one of the conferences and masterclasses that are hosted by the platform.

Final Thoughts

The broker accepts clients from the UK. You’ll be able to make use of its services wherever you are in the world unless you live in the United States. The site is mostly used to trade CFD and Forex. However, you can trade crypto, stocks, and ETFs too. The number of CFDs and Forex available are on par with rivals like eToro and Trading 212.

XTB is a reliable broker. You’ll be getting great customer support and can get in touch with its customer representatives in several ways. There are many resources that you can use to become a better trader, as well.

You won’t be charged deposit fees, and there are several ways you can fund your trading account. However, you’ll only be able to withdraw money from a bank account in your name. If you withdraw before 1 PM, the cash would be transferred to your bank on the same day.

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.

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.

Also read:

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.