Home News & Current Affairs 7 Best Forex Brokers to Trade Brexit

7 Best Forex Brokers to Trade Brexit

Press Release: February 04, 2021


OVERVIEW

With the Britain leaving the European Union, unprecedented waves of volatility were experienced in the UK markets. While some traders may have shown great concern with such volatility, it encouraged others to harness to the best of their abilities. 

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However, even though a trader may have the best trading strategy for trading Brexit, one of the crucial requirements for successful trading, is having a broker that delivers the best trading solutions and services to give traders a competitive edge to their trading.

Below are some of the best brokers that traders can consider when trading Brexit.

IG

IG is a multi-regulated, reputable broker with offices based in several jurisdictions. IG has been offering its superior trading services since 1974 and, as a STP, ECN, and DMA broker, truly offers traders with some of the most competitive trading conditions in the industry.

PROS AND CONS IG
 
Pros

Strict regulation in multiple jurisdictions Limited account funding methods

More than 16,000 tradable financial instruments               

Tight spreads, low commissions, fast trade execution      

Cons

Limited account funding methods
 
CMC MARKETS

CMC Markets is a reputable UK-based Market Maker broker which has been in operation since 1989. Traders are offered with a sophisticated and versatile trading platform, comprehensive analysis, trading tools, and a variety of educational materials.

PROS AND CONS CMC MARKETS
 
Pros

Strict regulation                

FSCS member    

Powerful trading platforms

Cons

US Clients not accepted

Mark-up on spreads

Fixed spreads and copy trading not offered

PEPPERSTONE
 

Pepperstone is one of the largest online trading brokers which offers traders from around the world with access to global financial markets. With Pepperstone, traders can expect innovative technology, low-cost spreads, low-latency high-speed execution, and award-winning customer service.

PROS AND CONS PEPPERSTONE
 
Pros

Strict regulation                

Negative balance protection offered       

Social trading supported               

Cons

US Clients not accepted

Fixed spreads not offered 

DEGIRO

DEGIRO is a multi-award-winning, multi-regulated broker based in the Netherlands which offers traders with competitive fees and a variety of financial instruments which can be traded.

Traders are also offered with an extensive range of trading tools as well as educational materials.

PROS AND CONS DEGIRO 

Pros

Strict regulation                

Investor Protection Scheme member      

Low and competitive fees           

Cons

US Clients not accepted

Limited payment methods offered

FXCM

FXCM is a UK-based STP broker which is well-regulated in facilitating the trade of numerous financial instruments across several asset classes. With FXCM, traders have access to powerful trading platforms, fast trade execution speeds, and competitive trading conditions. 

PROS AND CONS FXCM

Pros

Strict regulation                

Multiple powerful trading platforms

Social trading supported                

Cons

Ukraine, Turkey, Russia, and several other countries not accepted

Not the tightest spreads

SWISSQUOTE 

Swissquote is a reputable STP broker with multi-regulation in several jurisdictions, facilitating the trade of a wide variety of financial instruments. Traders are offered with tight, variable spreads, zero-commission trading, and more.

PROS AND CONS SWISSQUOTE

Pros

Multi-regulated 

Commission-free trading

Competitive spreads

Cons
No US Clients

No fixed spreads

High minimum deposit

ETX CAPITAL
 

Based in the UK and regulated by the FCA, ETX Capital is a popular and reputable Market Maker broker. Traders have access to more than 5,000 instruments which can be traded through powerful trading platforms.

PROS AND CONS ETX CAPITAL 

Pros

Established and well-regulated  

Variety of financial instruments 

Multiple payment options      
 
Cons

US, Belgium, Canada, and others not accepted

No social trading

Limited trading tools

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Notes to editors

For more information, please contact:

Linda Janse van Vuuren

Tel: +27 076 952 1792

Email: linda@forexsuggest.com

Visit the newsroom of: linda101

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