Finding the best CFD brokers in the United Kingdom is a difficult task as the competition in the UK is incredibly intensive.
By far the most recommended broker offer at present is the deposit bonus. While there is nothing wrong with accepting this bonus, you should be aware that many of them have attached to strict criteria.
In order claim your ‘free bonus’, you will be required by the broker to do a high number of trades. Alternatively, you may receive a 50% or 100% bonus though the money cannot withdraw at any stage. Instead, they are offering it to you as a way to access more leverage.
The bottom line is, deposit bonuses are useful only if they asked you to complete a reasonable number of trades. But most demand you to trade like a professional fund manager.
If the terms of the offer mean you have to trade endlessly than elegantly pass on the proposal.
CFD Trading is regulated in the UK by the FCA, All the CFD providers listed below are authorized and licensed by the FCA to provide CFD trading services,
When choosing a CFD broker, you may want to consider the following five key points before jumping on board.
1. Is the trading software easy to use?
You don’t want to spend the first two months learning the software they provide. Ask your CFD broker if they have some basic CFD tutorials on using the software.
Most UK CFD brokers provide both MetaTrader 4 and cTrader. MetaTrader 4 or MT4 is considered the most widely used and popular CFD trading platforms available. There are so many handy MT4 Shortcuts to make your life easier too.
2. Is their trading platform fully featured?
advanced charting features
advanced order placement
a daily market analysis provided
mobile trading platform
When review your CFD broker, ask about the following charges:
CFD Financing rates
Software fees (IRESS or other platform fees)
Accessing relevant exchanges (i.e. ASX data)
4. The range of assets and markets
5. Reputation and security
Are they a publicly listed company?
How long have they been in business?
Choosing the best CFD or Forex broker is largely a matter of testing their trading platforms and ensuring you feel comfortable with them.