Choosing an online broker that is suitable for trading with derivatives in the UK can be challenging. You need to consider your trading needs, and prioritize the features you value most. Furthermore, you should make sure that the broker is regulated by a recognised body like the Financial Conduct Authority (FCA).
Best derivative brokers in the UK maintains some of the world’s highest consumer protection standards. The watchdog regulates all brokerage firms that offer online trading with currency pairs, stocks, and other assets. It also imposes leverage caps on retail customers trading CFDs and other derivatives to prevent them from incurring massive losses and running into debt. Additionally, all FCA-regulated brokers must store the funds of their retail customers in segregated accounts and provide negative balance protection.
Best Derivative Brokers in the UK: Where to Trade Options & Futures
UK traders have a wide range of online options when it comes to funding their trading accounts. Most reputable brokers accept credit and debit cards as well as digital wallets. You can use these solutions to replenish your live account, and most brokers don’t charge a fee when you withdraw using these methods. Alternatively, you can fund your trading account via traditional wire transfers.
IG is a renowned spread betting and CFD broker in the UK. Established in 1974, this company is credited with inventing spread betting, which provides investors with significant market exposure with relatively small upfront capital. The company’s website and mobile apps are highly navigable, offering advanced trading tools and research resources for investors. Additionally, IG’s proprietary platform offers a variety of risk management tools and customizable alerts to help you maximize your profits.