I consider Axi one of the best brokers in the UK, and rightfully so. I extensively researched and tested the platform, and several aspects truly impressed me. For starters, it’s authorised and regulated by the UK’s Financial Conduct Authority (FCA), Firm Reference Number 466201. It’s also licensed and registered by many other authorities, including the Financial Services Authority (FSA), the Australian Securities & Investments Commission (ASIC), and the Dubai Financial Services Authority.
Moreover, the Axi trading platform caters to a wide range of traders. The broker has no strict minimum funding requirement, which enables it to embrace everyone, including cost-conscious and low-budget individuals. I was also able to enjoy superior support, free transactions, and uncapped access to powerful platforms like MT4. The most noteworthy downside I encountered is the broker’s asset collection, which, at 140+ instruments, is extremely limited compared to what I’m used to.
Here’s an overview of my findings:
✔FCA-regulated broker
✔24/7 customer support
| Feature | Details |
|---|---|
| Regulations | FCA (UK), DFSA (Dubai), ASIC (Australia), FSA (St. Vincent and the Grenadines), CySEC (Cyprus) |
| Supported Languages | English, Spanish, Arabic, Portuguese, German, Spanish, Polish, Bahasa Indonesia, French, Chinese, and more |
| Assets | Forex, shares, IPOs, indices, commodities |
| Min Deposit | £5 |
| Trading Platforms | Copy Trading App, MT4, MT4 WebTrader |
| Deposit Options | Credit/debit cards, PayPal, International bank transfer, bank transfer |
| Withdrawal Options | International bank transfer, PayPal, credit/debit cards, bank transfer |
| Demo Account | Yes |
| Customer Support | 24/7 |
| Beginner-Friendly | Yes |
Axi is an excellent broker for novices and MT4 enthusiasts. It’s cost-effective, easy to use, and has a wide variety of educational resources, including an online academy. The platform also supports copy trading, and its users have access to one of the most popular trading systems today, MT4.
Axi has two broad account categories: live and demo. Live accounts allow traders to deposit real money and trade different financial instruments. On the other hand, demo accounts offer a simulated live trading environment where all types of traders can learn and practise trading risk-free. While in demo mode, you’ll have access to £50,000 in virtual money, 24/7 client support, and many other perks.
Live accounts come in different shapes and sizes on Axi. Here’s an overview of all available options and some of their most outstanding features. Note that Pro accounts have several eligibility requirements, including an investment portfolio exceeding £500,000 and at least a year of professional experience in the financial sector. Additionally, Elite has a £25,000 minimum deposit requirement.
| Account | Minimum Deposit | Commission & Spreads | Available Instruments | Recommended For |
|---|---|---|---|---|
| Standard | £5 | From 0.7 pips | Forex pairs, CFDs on metals, shares, and indices | Novices and low-volume traders |
| Pro | £5 | From 0.0 pips | Forex pairs, CFDs on indices, metals, crypto and shares | Experienced traders and scalpers |
| Elite | £25,000 | From 0.0 pips | FX pairs, CFDs on shares, indices, commodities, crypto | Professional and high-frequency traders |
One of the aspects that makes Axi an outstanding and trusted forex broker is transparency, where fees are involved. I’ve come across a plethora of service providers with a wide variety of hidden fees, and my experience was always disappointing and costly. Axi is transparent about every aspect, from minimum initial funding to spreads and commissions.
That said, to anyone who’d like to enjoy the lowest costs, I recommend the pro account option, which has no strict minimum deposit, free transactions, and tight spreads from 0.0 pips. Standard accounts have no strict initial funding requirement, but their spreads start at 0.7 pips. The table below will introduce you to what you need to know before opening an Axi account.
| Fee Category | Details |
|---|---|
| Minimum Deposit Requirement | £0 on Standard, £0 on Pro, £25,000 on Elite |
| Commission & Spreads | From 0.7 pips on Standard, From 0.0 pips + £7 round trip on Pro, From 0.0 pips + £3.50 round trip on Elite |
| Deposits & Withdrawals | Free deposits, No fee for withdrawals above £50; a £25 fee for withdrawals below £25 |
| Inactivity Fee | £10 monthly, kicks in after 12 consecutive months of inactivity |
| Key Features | Broker Information |
|---|---|
| Regulation | Multi-jurisdiction (FCA, ASIC, DFSA, FSA, CySEC) |
| Investor Protection | Yes, up to £85,000 |
| Deposit Protection | Trader deposits are held in segregated bank accounts. Negative balance protection for retail clients |
| Securities Lending | Not Supported |
| History with Regulators | Good standing, very few issues, including fines |
I consider AxiTrader UK broker one of the safest for several noteworthy reasons. As mentioned earlier, the company is authorised and supervised by several regulatory bodies, including the FCA. Multi-regulation means the broker follows numerous stringent security standards and requirements. For instance, it keeps client and company funds in segregated accounts, as per FCA mandates.
While researching Axi’s reputation, I discovered that Axi has never reported any instances of successful hacking attempts. I came across several complaints of hacked accounts, but we can blame them on the service provider since they can be caused by issues associated with users, like weak passwords. Axi uses several solutions to optimise user safety and security, including data encryption and authentication.
Since segregated accounts are available, rest assured that Axi will never use your funds for unauthorised purposes, like funding operations. If the company goes out of business, you may receive compensation of up to £85,000 from the FSCS. You won’t find such perks in offshore accounts that are not authorised by the FCA or registered with the Financial Services Compensation Scheme.
When it comes to asset selection, Axi can do better. Having traded with many platforms that offer thousands of options to their users, I found this broker’s collection paltry and limited. That said, I was impressed by the available number and variety of FX pairs. If you decide to trade in forex with this broker, you’ll have 70+ assets at your disposal, from majors to minors and exotics.
Based on what’s offered here, I highly recommend this service provider to forex traders and newbies. If you specialise in trading currency pairs, the Axi forex trading platform has everything you need to succeed, from a considerable number of instruments to ultra-tight spreads. This service provider’s narrow focus on core markets also makes it ideal for newbies, who can be overwhelmed easily by larger numbers of instruments.
Note that, besides traditional financial instruments like forex pairs and share CFDs, Axi has crypto CFDs. Whether or not you can trade these assets depends on the type of trader you are. Trading cryptocurrency CFDs on Axi is strictly for professionals, as required by the Financial Conduct Authority. Check if you meet this broker’s requirements for professionals and gauge your understanding of how to do crypto trading before risking your money on these assets.
| Asset Class | Details |
|---|---|
| Forex | 70+ majors, minors, and exotics, including GBP/USD, USD/JPY, EUR/GBP, GBP/CAD, EUR/HUF, and USD/SEK. |
| Shares | CFDs on 100+ UK, European, and US stocks from companies like Aviva, HSBC, Vodafone, Alibaba, Amazon, Deutsche Bank, and Rolls-Royce Holdings. |
| Indices | CFDs on 30+ indices, including UK100, USTECH, GER40, AUS200, EU50, FRA40, and HK50. |
| Commodities | CFDs on popular commodities such as silver, oil, copper, and gold. |
| IPOs | CFDs on a wide variety of IPOs, like Discord, Kraken, Databricks, Revolut, and Virgin Atlantic. |
| Category | Specifications |
|---|---|
| Time to open an account | Less than an hour |
| Its me | Not supported |
| Mobile app | Available |
| Web app | Available |
| Ease of use | Very user-friendly |
| Children’s accounts | Not available |
| Joint accounts | Available |
| Business accounts | Available |
Before I started working on this Axi broker review, I registered with this broker and used my account to test what it offers. I can say without reservation that Axi has one of the most streamlined registration processes. Signing up and completing KYC took me less than 10 minutes. Here’s a breakdown of the steps involved:
Everything begins on Axi’s official website, which you should access using the links I’ve shared in this comprehensive Axi trader review. Do not use links from any other sources because there are plenty of fake Axi websites out there. Cybercriminals have designed them to trick users into depositing money and sharing personal information. If you fall for one of these platforms, your money and data will be stolen.
Don’t be in a rush to register. As a first-timer, take time to explore what Axi offers, from trading platforms to financial assets. I also encourage reading and understanding the information included at the bottom of the official page before signing up.
Click “Open Account” to sign up on the official site or mobile app. Fill out the information required on the application form, i.e., first and last name, country of residence, phone number, and email address. You will need to verify every detail later, so everything you share should be valid and factual.
Axi will also ask you to specify your account preferences. While choosing the best account option, factor in crucial aspects like your experience, minimum deposit requirements, and spreads/commissions. If you get confused and have trouble taking your pick, start with the simplest option, Standard.
As an FCA-regulated broker, Axi must take new users through KYC verification to meet regulatory requirements. This process helps the broker detect and curb issues like money laundering. It also enhances the security of your funds as a trader by making it possible for the broker to prevent unauthorised personnel from accessing your account, personal details, and funds.
To complete verification, you’ll have to confirm your identity with an official document, like a copy of your national ID or passport. Axi will also ask you to submit a copy of a document that has your residential address, like a credit card statement or utility bill.
Wait for Axi to verify your account, then fund it. You can start with as little as £5 since this broker has no minimum initial funding requirement. You can either use a bank transfer, PayPal, or a credit/debit card. Note that cards have a £5 minimum deposit threshold, whereas PayPal’s lowest limit is £10. Also, PayPal and debit/credit cards support instant deposits, but funds sent via bank transfer can take 1-3 days.
If you deposit money and it fails to reach your account within the stipulated time period, contact Axi’s customer support as soon as possible. The broker has a responsive team, so expect your problem to be dealt with promptly.
After making your first deposit, you can start trading a wide variety of assets with one of the most powerful systems today, MetaTrader 4. If you are still unsure of your capabilities, start with the copy trading app while you practice in demo mode. The copy trading app will allow you to copy trades of top traders from different corners of the globe, including the UK.
Remember to protect your capital and mitigate risk while trading with Axi. Use every tool offered by this broker, including stop-loss and take-profit orders.
As someone familiar with the value of education to both newbies and seasoned traders, I always evaluate every broker’s educational resources. Based on what I discovered while assessing what Axi has to offer, I was impressed by this broker’s learning materials and tools.
Axi has a free online academy, which is a crucial resource for you as a trader. It’s filled with comprehensive forex, gold, and shares trading courses. The provided courses cover a wide variety of essential lessons and topics. For instance, I explored the forex trading course curriculum and discovered materials related to vital topics like what forex is, understanding MT4, and FX trading psychology.
Additionally, Axi offers a library of cost-free, high-quality eBooks written by professional traders. They break down complicated topics and concepts into bite-sized information that can be understood even by newbies. Available options range from ‘7 Lessons for Understanding Forex Market Types’ to ‘13 Exclusive Pro Tips for Using Chart Setups’. MT4 video tutorials, in-depth trading articles, and a trading glossary are also in this broker’s educational toolkit.
| Feature | Available | Notes |
|---|---|---|
| Online Academy | Yes | Has courses on forex, gold, and shares trading |
| Copy Trading | Yes | Learn to trade by following and copying expert traders |
| Webinars | Yes | Get expert tips and increase your knowledge with Axi’s regular workshops and webinars |
| eBooks and Guides | Yes | Offers a wide variety of free eBooks and guides on crucial topics like using chart setups |
| Trading Glossary | Yes | Familiarise yourself with the most critical terms, from algorithmic trading to volatility index and wedge |
| Demo Account | Yes | Practice in demo mode for up to 30 days with £50,000 virtual cash |
If you have any questions or concerns, the first thing you should do is visit Axi’s FAQ page. The broker has addressed numerous pertinent issues here, from how to request a withdrawal and how long it can take to how to change leverage and recover a lost password. If you don’t find what you seek on this page, contact the company’s representatives.
Axi’s customer support team is available 24/7 in multiple languages, including English. I encourage getting in touch with its members via live chat whenever you have an urgent issue. I tested it and received rapid assistance. The best part is that I got the chance to talk to a human agent without having to first wrangle with a bot. Based on my experience, this company’s representatives are polite, knowledgeable, and direct – no riff-raff.
I also tested Axi’s email support option. The company’s team responded within a few hours with detailed questions and explanations. I suggest you use email when asking for guidance on matters that are not urgent. Finally, you can request a call-back if you prefer speaking to someone over the phone. I filled out the callback form, and an agent reached out in less than an hour.
Compared to other premier platforms I’ve come across over the years, Axi’s platform variety is quite limited. But that’s not inherently a bad thing. By focusing on a few options, this broker puts itself in the best position to provide streamlined trading experiences, primarily through MT4.
Let’s conclude our Axi review with a brief overview of the trading platforms you’ll have access to after signing up with Axi:
Based on what I discovered and experienced, Axi is a solid broker, but not for everyone. It’s ideal for beginners and novices who need a clean environment and a wide variety of learning resources to thrive. The broker’s excellent variety of currency pairs and ultra-low spreads also make it a perfect choice for seasoned forex traders.
That said, in my expert opinion, Axi is not the best choice for advanced and institutional traders who need a super-broad selection of assets and platforms. Remember that this platform has around 140 tradable instruments and a limited number of trading systems. Check out the summary below.
| Trader Profile | What Makes Axi a Fitting Broker |
|---|---|
| Beginners and Novices | Beginner-friendly interface, a wide variety of educational materials |
| Forex-Focused Traders | 70+ minor, major, and exotic forex pairs |
| Budget-Conscious Traders | £0 minimum deposit requirement, tight spreads from 0 pips |
| Copy Traders | Intuitive copy trading app with zero extra commissions on copied trades |
| MT4 Enthusiasts | Users can trade with MT4 on desktop, mobile, and web |
Based in Seychelles, HTX was founded in China and is now available in 100+ regions, including the UK. The company boasts over 45 million users, which is an amazing feat. Its popularity and reputation encouraged us to check it out. Our experts did everything, from researching the exchange online and testing it with a live account to reviewing its customer testimonials on Google Play, the App Store, and Trustpilot.
We have discussed what we discovered in this HTX review UK edition. Hopefully, you will use the information herein to weigh this exchange’s suitability and trustworthiness. That said, if you are new to crypto trading, we highly recommend educating yourself before checking out what HTX offers or opening an account with this exchange.
✔Supports hundreds of crypto assets
✔Intuitive user interface
We encourage UK crypto traders and investors to check out HTX because this exchange has a solid reputation and is highly secure. If you are still unsure about this platform, check out the brief list of its pros below. But note that, like other exchanges, HTX has a handful of cons, some of which we’ve outlined below.
HTX allows its users to buy, sell, trade, and stake diverse crypto assets. Presently, this exchange supports over 400 coins and tokens, including popular options like:
In addition to crypto, the HTX exchange UK platform supports a wide variety of fiat currencies, from GBP and AUD to EUR and USD.
The HTX exchange is reputable and secure. The company launched its trademark Security Reserve, which holds 20,000 BTC, a few years ago. Its primary role is to protect investors against security mishaps that may plague the exchange and lead to loss of funds. If any adverse incident that isn’t affiliated with your actions as an HTX user occurs, you can rest assured you will receive upfront compensation.
HTX also optimizes the security of client assets by using highly secure cold and hot wallets. The company keeps investor funds and assets in multi-signature cold wallets with top-tier security protocols designed to deter malicious actors. What’s more, the company encrypts each client’s personal data with state-of-the-art techniques like Secure Socket Layer Encryption. The exchange’s network servers are protected by advanced firewalls.
Additionally, to ensure you don’t lose your resources while transacting on HTX, the company freezes merchant coins as soon as you initiate a purchase. The frozen assets get released once you pay the merchant and receive what you’ve ordered.
What’s more, HTX allows users to acquire the Ambire Wallet. This premium self-custodial wallet doesn’t collect personal data and allows you to enhance the safety of your crypto assets with security measures like 2FA and biometrics.
You can open a free HTX account today. Also, you won’t incur any account management fees with this exchange.
That said, HTX has a tiered fee structure that you should check out before signing up. We evaluated it and discovered a few things. First, this company has a 0.2% base fee for crypto-to-crypto traders. Furthermore, the exchange requires HT holders to cover a small fee rate ranging from 0.07% to 0.18%. HTX users with higher HT holdings enjoy lower fee rates and vice versa.
HTX also has a unique tiered fee program for professional traders. If you are a professional crypto trader with a large 30-day BTC trading volume, you can enjoy low maker/ taker fees starting from 0.0097%/ 0.0193%. This program’s maximum maker/taker fee rate is 0.0362%/0.0462%, which applies to investors with 30-day BTC and HT trading volumes ranging from 700-999 BTC and 2000 HT, respectively.
If you use credit card to buy crypto on HTX, you will have to cover a 1% fee. Please note that this exchange also charges deposit and withdrawal fees for fiat currencies. You can check the exact charges and deposit/withdrawal limits through your account. Just log in, navigate to the “Balance” section, and click “Deposits and Withdrawals.”
HTX allows its users to deposit, withdraw, and buy crypto using various payment methods. They include:
Please note that the exchange’s P2P platform allows traders to use many other solutions. Presently, the platform supports over 98 local payment methods, ranging from Apple Pay and AirTm to Skrill and Western Union. Moreover, the exchange supports a broad range of fiat currencies, including GPB, EUR, and USD.
Do you have any queries or concerns? Visit HTX’s support page and peruse the FAQs. You may find a fitting solution there, which will save you from having to contact the exchange’s customer support team. But if what you’re looking for hasn’t been addressed in one of the FAQs, go ahead and contact the company’s representative.
HTX’s email support channel is open 24/7. We tried it and got a detailed response within an hour, so we encourage you to use it. Unfortunately, this exchange has yet to offer live chat and phone support in the UK.
Opening an HTX account is easy. And the best part is you can start trading with this exchange without undergoing KYC verification. However, if you do that, your privileges will be limited. Register and verify your account with valid information and documentation to enjoy the best perks, including the highest 24-hour withdrawal limits.
With that in mind, you can open an account with HTX by doing the following:
The HTX webpage has a rich suite of features and components that you should check out. They range from the crypto purchase avenues and available markets to information regarding crypto loans and referral rewards. You should visit this platform and probe around before doing anything. Don’t forget to read the incorporated user agreement and privacy policy documents.
Remember, although you can trade and invest from the web-based platform, this exchange has dedicated apps for mobile users. If you want to trade on the go, download the right app from the HTX home page.
Click “Sign up” and use either your phone number or email address to register. You should provide valid details here since you’ll need to verify them by either clicking the link sent to your address or keying in a code that will be sent to your mobile number. Also, create a strong, unguessable password guaranteed to protect your exchange account from unauthorised access.
After submitting the required information, log into your account and enable 2FA. That is indispensable in protecting your assets.
Open your profile and click the “Unverified” button. You’ll need to go through different verification steps to unlock unique permissions. We encourage you to complete all levels.
In level 1, specify your nationality and country of residence, then provide your full name and date of birth. Proceed to level 2 and prove your identity with valid and clear ID photos. Finally, complete facial recognition and wait for the HTX team to approve your application.
While waiting for your account to be verified, enhance security with measures like anti-phishing code. Once you’re good to go, visit the “Balances” or “Assets “section, select your preferred deposit method, be it fiat or crypto, and follow the instructions. You can also add a payment method for making purchases and trading on the P2P platform by opening “Fiat Setting” and selecting “Add a new payment method.”
To start investing and trading, visit “Markets” or “Trade.” The Markets page allows you to earn returns from the trading opportunities available in spot markets. From it, you can also learn to trade, seek insight from the HTX community, and more.
The HTX “Trade” page also offers the opportunity to spot trade crypto with advanced tools, amplify your profits with flexible margins, and use quant strategies to automate trading. This exchange also supports copy trading and has a vibrant P2P platform.
We have introduced you to almost everything that you need to know about HTX. The ball is now in your court. Compare what this exchange offers against your needs and preferences. Then, determine if it’s right for you or if searching for a different service provider is in your best interests.
Don’t forget that crypto trading is risky. Before trading or investing in digital assets, prepare a well-defined budget and stick to it. Furthermore, avoid incurring crippling losses by diversifying your trading and investment portfolio. Lastly, stay informed by keeping up with the latest crypto-related news and trends.
Kraken has attained incredible popularity in a short period of time. This exchange, which was founded in 2011, has managed to amass over 10 million users within a few years. People from over 190 countries use this platform, including thousands of Britons.
Since we know some of our readers are considering joining Kraken, our team dedicated some time to researching and testing this exchange. Based on what we discovered and experienced, Kraken is a terrific platform that deserves your time and attention. But before signing up with it, read our Kraken review UK and check if this service provider has everything you need to become a successful crypto trader and investor.
Since Kraken is registered with the FCA in the UK, we consider it a safe and reliable exchange. We also encourage Britons to check it out since it supports many digital assets. With that in mind, before signing up with Kraken, note that this exchange has several shortcomings.
Here’s a list of Kraken pros and cons. Use it to determine if trading with this exchange is a good idea.
✔Registered with the FCA
✔24/7 customer support
Kraken gives you access to over 268 cryptos. Some of the assets that you can stake, trade, and grow your portfolio after signing with this exchange include:
While trading and investing with this platform, you can keep your assets safe in the Kraken wallet. This is a self-custody wallet that gives you complete autonomy over your assets. It has a classy but simple interface that allows you to view and manage everything from one place, including cryptos, NFTs, and DeFi positions.
The Kraken wallet supports over 2,000 crypto assets, ranging from Bitcoin and Ethereum to Shiba Inu and Optimism. This digital wallet also implements robust security architecture. For starters, it deters malicious actors by requiring anyone trying to log in to enter the password manually. Moreover, the wallet protects private keys with passcode and biometric authentication.
Kraken encrypts non-secret data stored on the Realm database with a random 64-byte key. And, to deter brute-force password attacks, the wallet’s system triggers a delay every time a user enters an incorrect password. Besides the wallet’s security, the Kraken exchange allows you to use state-of-the-art security features like 2FA to enhance the safety of your assets and sensitive data.
This exchange uses many other protocols to optimise security. For instance, it watermarks all documents that you share with and makes them unusable in the event of a security breach. Moreover, the exchange stores sensitive client data offline. The data is highly encrypted, and Kraken’s technicians monitor the storage systems 24/7.
For optimum safety and security, Kraken’s data centres are in undisclosed locations and heavily guarded by armed security personnel. Furthermore, this company keeps client funds in state-of-the-art hot and cold storage solutions.
We also consider Kraken one of the most secure exchanges today since it’s registered and regulated by numerous authorities, including the FCA and FinCEN. Such regulatory bodies require Kraken always to uphold top-quality data protection, custody, and security standards.
Opening a Kraken account won’t cost you anything. The Kraken wallet is also free to acquire and use. That said, while trading with this review, you will be required to cover maker/trader fees starting from 0.00%/0.10%. But, to enjoy such low costs, you must have a high 30-day trading volume. Otherwise, if your 30-day trading volume is low, you may be subjected to higher maker/trader fees of up to 0.25%/0.40%.
With that in mind, many of the crypto assets supported by Kraken come with zero address setup and deposit fees. However, they have minimum deposit requirements. You should pay close attention to the latter since any deposits below the stipulated minimum are lost forever.
Also, note that Kraken allows users to trade with leverage. However, this optional and advanced feature can increase overall costs with additional rollover and margin opening fees. You will be exposed to higher charges if you purchase, sell, or convert your assets with the Instant Buy/Sell feature.
Finally, Kraken charges zero account maintenance, inactivity, and storage fees.
Kraken allows people in the UK to use the following payment methods:
While using the supported payment methods, you can purchase digital assets worth £8.00 and above. Furthermore, these payment methods have a £4,000 payment limit for every 7 days.
Kraken has an FAQ page where many frequently asked questions are addressed. They range from queries related to held withdrawals to the difference between wire transfers and ACH. If you have a question, check if it’s been addressed in the FAQ section before doing anything else.
Try the live chat option if you don’t find a good answer or solution to your problem on the FAQ page. Kai, the available virtual assistant, is programmed to tackle many questions and should help you out, especially with general queries. However, if you need assistance from a human representative, consider calling or emailing Kraken’s support representatives.
Kraken’s support service has a few positive attributes we love. First, the company’s representatives are available 24/7. Moreover, they are quick and knowledgeable. We tested the support team by asking a question related to account verification and received a detailed response almost instantly.
As a regulated exchange, Kraken has to verify the identity of each new client. So, don’t fret when the company asks you to complete KYC. However, opening an account with this exchange is easy despite the KYC requirements. All you have to do is follow these steps:
You shouldn’t trade or invest with Kraken before evaluating the exchange. Visit the company’s official site and look around. Check every crucial detail, from the supported crypto assets to fees and spreads. If you are new to the crypto universe, go directly to Kraken’s Learn Center and master the basics of crypto, blockchain and NFTs.
Also, if you’d like to trade with your mobile phone, download the Kraken app from the official site. Just scan the provided QR code and start the installation process.
Hit “Sign Up” to register a new account. Select “Personal”, submit an active email, and set a strong password with at least 12 characters. Also, read the privacy policy and terms of service. If everything is ok, click “Create Account” and activate your account via email. Remember to provide an active and accurate email address for account activation purposes.
After activating your account, choose your preferred platform. If you are a novice, go with the conventional Kraken Classic account. But if you are a seasoned investor, select Kraken Pro, which comes with more advanced features.
Click the “Verify identity” button on your dashboard. Fill out the verification form with the necessary information, from your legal name and date of birth to your street address and phone number. Additionally, submit a proof of address document like a recent utility bill and prove your identity with a valid government-issued ID. The exchange may also request a face photo.
Ensure all documents you upload are clear and legible. Most importantly, avoid complicating things by submitting password-protected documentation.
After uploading the required documents, wait for Kraken to approve your account. The approval process shouldn’t take more than 5 days. Once it’s over, use one of the available payment methods to fund your new account. Just click the “Deposit” button and select your preferred currency. Finally, pick your preferred funding method and complete the transaction. You can also transfer crypto from an existing digital wallet to your Kraken account.
Pick your preferred market to start trading. It can be crypto-to-crypto or crypto-to-fiat, depending on your goals and preferences. Then, specify the price and amount of assets you want to buy or sell. Finally, countercheck the details and execute the trade.
While trading on Kraken, protect your capital with stop-loss and take-profit orders. Additionally, prioritise portfolio diversification and invest in different asset classes.
Our Kraken exchange review has introduced you to Kraken’s fundamentals. But we haven’t covered everything. We strongly urge you to visit and review the official platform. Also, read Kraken’s user feedback and testimonials on Google Play, the App Store, and Trustpilot.
Most importantly, note that crypto trading is incredibly risky. Only risk what you can afford to part with. And if you are new to the crypto trading scene, educate yourself and master the basics before opening a live Kraken account.
Crypto.com was recently authorised to operate in the UK by the FCA. Since that happened, this exchange has become incredibly popular in the region and is now a favourite for thousands of Britons. That said, you shouldn’t follow the crowd. Extensive research is the key to ensuring you find and interact with the best crypto exchange.
We’ve done most of the hard work on your behalf by researching and assessing Crypto.com. Our team extensively evaluated this platform and read countless customer testimonials before preparing and publishing this Crypto.com review UK. Therefore, everything we’ve discussed here is factual and unbiased.
Crypto.com has over 100 million global users, which speaks volumes. But we always base our reviews on first-hand experience. So, our team researched and tested everything that this exchange offers. While doing so, we discovered the following mention-worthy Crypto.com pros and cons:
✔24/7 live support
✔User-friendly interface
Crypto.com allows users to buy, sell, trade, and stake over 350 crypto assets. The most popular options that we discovered while examining this exchange include:
Crypto.com is one of the most secure UK exchanges for various reasons. First, this company is authorised to operate as an EMI (Electronic Money Institution). Before the FCA authorises any platform, its experts conduct thorough and numerous assessments. So, rest assured that Crypto.com is a vetted and certified exchange.
Moreover, Crypto.com implements advanced cybersecurity strategies like Zero Trust and Defense in Depth. These protect the company’s platforms and systems from malicious actors.
Crypto.com also protects client accounts with state-of-the-art solutions like FIDO2, passkeys, and HSMs. Furthermore, the exchange allows users to optimise security and safety with multi-factor authentication methods like password login, authenticator codes, and biometric verification.
Not to mention, this exchange stores all user deposits in cold storage systems that are safe from cybercriminals. It also allows investors and traders to use the Crypto.com defi wallet, which gives users complete control over their investments and private keys.
Note: We advise Crypto.com users to secure their trading accounts with strong passwords and online personal security practices and not to rely only on the exchange’s security. Keep in mind that crypto transactions on the Crypto.com exchange cannot be reversed, and once your account is breached. In this case, there are no chances of recovering the assets.
Ungodly costs undermine your capital and returns. For that reason, we analysed Crypto.com fees UK. Luckily, this exchange has affordable charges and commissions. The first thing we noticed is that this service provider allows new users to register and set up their Crypto.com wallet for free.
Moreover, Crypto.com has zero limits and fees for depositing crypto to the exchange. To make things even better, this service provider supports free GBP deposits. However, you must use a supported payment method like Faster Payments Service (FPS) to enjoy the latter.
That aside, Crypto.com users must cover varying maker and taker fees determined by their 30-day trading volume. Anything less than £50,000 attracts a 0.15%/0.30% maker/taker fee. But the numbers drop to 0.00%/0.05% for trading volumes of up to or more than £10,000,000. The more you trade, the lesser your fees.
Crypto.com has a free proprietary visa card you can use to make crypto payments. However, we discovered several fees associated with this product. For starters, if you ever decide to close your card, you’ll have to pay a £50 fee before any remaining funds get returned to you. The card also comes with a monthly free ATM limit. If you exceed it, you’ll incur a 2% withdrawal fee. Furthermore, dormant Crypto.com cards incur a £5 monthly fee that kicks in after 12 months of inactivity.
Crypto.com supports a variety of payment methods. Most have free deposits, but some expose you to withdrawal fees. For instance, while making GBP withdrawals with FPS, each request will incur a £1.90 fee. Here’s a breakdown of some of the payment methods that Crypto.com supports:
Crypto.com’s Help Center has an extensive FAQ section. Numerous common questions and concerns have been addressed there. Check it out before contacting customer support if you need to know anything. You’ll save valuable time and will likely find detailed answers and solutions.
If contacting support seems imperative in your circumstance, you can message Crypto.com’s team. You should get a response within an hour or two. If your issue is related to the Crypto.com Visa card, you can call or email support 24/7 using the details provided on the official website.
We have an active Crypto.com account that our team set up in a few minutes. Therefore, if registering with this exchange sounds taxing, rest assured it isn’t. All you have to do is provide accurate personal details and the required verification documents. Here’s a simple step-by-step guide to opening a new Crypto.com account:
Go to Crypto.com’s homepage and examine everything, from asset prices to product offerings and investment options. Most importantly, review the list of supported cryptos and check if your preferred assets are included. If you are a beginner or would simply like to boost your knowledge base, visit the exchange’s University section to learn as much as possible.
Once you’re ready to set up your account, hit the “Download App button.” Then, open the Crypto.com app and start registering a new account. You can also sign up from your browser by clicking the “Sign Up” button on the top right corner.
To start setting up your profile, fill in the application form with the required information, including your country of residence, email address, and date of birth. Ensure your email address is valid and active since Crypto.com will send a confirmation link or OTP through it.
Use the confirmation link or OTP sent by Crypto.com to verify your email address. Then, protect your exchange account with a strong password and share your mobile number.
After completing step 2 successfully, you will be redirected to Crypto.com’s landing page. Once you get there, complete the KYC verification process. You’ll need to submit crucial information like your full name and date of birth. This service provider will also ask you to verify your identity with copies of documents like your government-issued ID. You also have to take a selfie.
Once you’ve provided the required information and documents, wait for this company’s team to review and approve everything. That can take up to 3 business days; just sit tight and wait for the green light.
You can fund your Crypto.com account with a supported payment method once your application has been approved. A funding option like FPS has no minimum requirement for GBP deposits, so you can start with whatever capital is at your disposal. However, note that other channels and currencies have strict minimum deposit requirements.
After funding your Crypto.com account, you can start trading and investing in crypto with as little as £1. We strongly urge newbies to limit their risk exposure by starting with smaller sums. Also, note that Crypto.com has automated trading bots you can exploit. These are designed to trade predetermined amounts at regular intervals.
Not to forget, you can stake crypto assets with this exchange and earn up to 16.64% annual returns. This is one of the best ways to diversify your investment portfolios and put idle assets to work.
After researching and reviewing Crypto.com, we highly recommend this exchange to UK crypto traders and investors. But don’t join it before doing your homework. Although our Crypto.com review UK has covered most of the important discoveries we made while evaluating this exchange, we couldn’t discuss everything. So, to ensure you make an informed decision, visit the official Crypto.com website and do some digging.
Most importantly, we urge all beginners to familiarise themselves with the fundamentals and risks of crypto trading and investing before setting up a live Crypto.com account. Please do that to avoid making disastrous mistakes and incurring unimaginable losses.
If you are a cryptocurrency investor, you need a secure and reliable cryptocurrency wallet to secure your digital tokens. Crypto.com is one of the most reliable options, especially for those looking to store, send, and receive decentralised tokens and interact with DeFi platforms. As professionals in the cryptocurrency space, we have met numerous UK investors who are considering this wallet for their activities. Among the questions asked is: Is Crypto.com DeFi wallet safe? How reliable is it, and what are the applicable charges?
Fortunately, we conducted an extensive analysis of this wallet and share our ultimate Crypto.com wallet review below. We answer the questions above and more to ensure you fully understand this DeFi wallet’s offerings.
We are impressed with Crypto.com’s offerings, from high security measures to quality support service. Overall, the wallet has many advantages that make it worth committing to. However, we also discovered a few pitfalls, which we share in our summary of Crypto.com’s advantages and disadvantages section below.
✔Supports over 1000 tokens
✔Lists popular dapps to explore
From our analysis, the Crypto.com DeFi wallet allows users to store, buy, and sell over 1000 crypto tokens. These include popular options like Bitcoin, Ethereum, Litecoin, Dogecoin, and more. Plus, this wallet also supports NFT deposits. They come in multiple formats across various blockchains.
The cryptocurrencies supported by the Crypto.com wallet have unique features. For instance, in the case of XRP and XLM, new users will only activate the wallet by receiving at least 10 XRP or XLM in their first transactions. And while the wallet supports ERC20, you can’t load it with cryptos like WTC, BAND, or VET, even if you have these currencies in your Crypto.com app.
Overall, we like the excellent offerings at the Crypto.com DeFi app. With the ability to allow users to earn rebates and swap tokens, the wallet is suitable for all types of crypto investors. The best part is that users can effectively manage their tokens across 30+ blockchains, including Cronos, Crypto.org Chain, Ethereum, and more.
Crypto.com DeFi wallet prides itself on building its reputation on client trust. We explored its security measures to verify this claim and were impressed with our findings. For instance, Crypto.com has invested in robust training to ensure its staff maintains its ongoing security and privacy awareness.
Additionally, Crypto.com is a non-custodial wallet, which means it gives users full control of their private keys. Your assets’ safety remains in your hands, so ensure you do not share the keys with anyone to avoid risking your tokens.
We also noticed that Crypto.com doesn’t ask users to provide their personal details while signing up for its services. Therefore, users who like to remain anonymous are free to explore the wallet’s offerings. While we believe this measure can attract even imposters, it ensures no one has access to your personal details.
The best element about this wallet is that it supports cold storage. Also known as the hardware wallet, this wallet allows you to secure your cryptocurrencies offline. Remaining offline keeps you anonymous, and it’s challenging for fraudsters to access your assets. Other security features worth sharing include two-factor authentication, high encryption technology, and face ID.
Setting up the Crypto.com DeFi wallet is free, whether on your Android or iOS mobile device or browser extension. As mentioned earlier, you do not need an account at its exchange to benefit from the wallet’s services. Any UK cryptocurrency investor can download the app and get started.
While investing using the Crypto.com wallet, we incurred transaction charges for sending tokens across various networks. The fees vary depending on the blockchain and the time you are transacting. Note that Crypto.com hosts the Ethereum gas meter, which gives users real-time updates on gas fees and transaction speed. From our experience and knowledge, the best time for cheaper transactions is when the networks are less congested.
Besides transaction charges, Crypto.com DeFi wallet users will incur protocol and bridge service fees. These fees are charged by the underlying protocol and the Crypto.com App, respectively. The Crypto.com DeFi wallet also charges for services such as buying tokens using fiat currencies. And since it integrates with decentralised applications, users will pay a fee when they connect with the apps. Overall, you will incur a 0.05% service fee on whatever you earn using its DeFi offerings.
Crypto.com values the privacy of its clients and has set various security measures to prove this. For instance, the provider does not require users to share personal information to set up the wallet. This is because of cyber criminals who have dominated the online financial space. It is backed up by a team of professionals who constantly monitor online activities to identify any suspicious activities.
Additionally, Crypto.com is a non-custodial wallet, thus giving you complete control of your private keys. Moreover, users have the option to secure their tokens offline in its hardware storage.
That being said, we advise you never to share your password or recovery phrase with anyone. Remember, the safety of your crypto tokens largely depends on you protecting your device from unauthorised access. And do not hesitate to contact the wallet’s support service team should you suspect any malicious activities.
Having a cryptocurrency wallet with reliable and responsive support service guarantees quality assistance in times of need. Crypto.com Wallet did not disappoint us in this category. The team operates 24/7 via email and live. Sadly, we didn’t find any phone support.
When we contacted Crypto.com’s team, we got a prompt response. All questions and concerns we raised were also attended to professionally, allowing us to enjoy our experience with the provider.
Besides human assistance, Crypto.com has a help centre page with adequate articles and guides to inform users accordingly. Various topics are covered there, ensuring investors are well-informed before deciding whether to make a commitment. There is also a FAQ section with answers to some commonly asked questions.
Crypto.com is among the most highly rated DeFi wallets in the cryptocurrency space. If you have been considering it for your investments, note that it is secure and reliable. You simply need to set up your wallet to start enjoying its services. You can do so by following the procedures below.
At this point, we hope that you will have explored this wallet’s offerings and are confident it is the best for your investment needs. Also, ensure you understand its terms of service so you are fully aware of what to expect once you make a commitment. Then, download the Crypto.com DeFi wallet onto your Android or iOS mobile device. The app is easily accessible on the App Store or Google Play. And for those who prefer managing their cryptos using desktop devices, Crypto.com has a browser extension for your desktop browser.
Once you have installed this DeFi wallet, open it and select how you want to set it up. For instance, if you already have another wallet from another provider like MetaMask, Crypto.com allows you to import it. Alternatively, you can create a new Crypto.com wallet by following the prompts on the app or browser extension.
Crypto.com understands how the crypto market is prone to cyber tracks. Therefore, it encourages its new users to secure their wallets with 6-digit passcodes. Ensure your passcode is strong and unique—something no one can guess. Also, Crypto.com will share a recovery phrase, which we encourage you to keep safe from any third-party access. You will need this key to recover your wallet in case you forget your passcode. And for an added layer of safety, Crypto.com encourages users to activate two-factor authentication and face ID.
Just like that, your Crypto.com wallet is ready for use. Feel free to transfer your tokens to it, whether from an exchange or another external wallet. Remember, transaction charges may apply, so consider this element when budgeting.
You can also use this wallet to manage your NFTs, browse dapps, and send cryptocurrencies to various blockchains. And remember, Crypto.com has partnered with CoolBitX to ensure users who prefer hardware storage have an opportunity to enjoy its services. With this wallet, your private keys are secured offline or externally on a physical device.
We hope our Crypto.com DeFi wallet review UK above has given you the insights you need to make the best decision. Overall, we find the Crypto.com DeFi wallet a viable option. We like that it is user-friendly and has one of the best and most professional support service teams. Its security measures and the fact that it has partnered with CoolBitX hardware wallet are also worth mentioning. This proves how much it has clients’ interests at heart.
While having the best wallet, like Crypto.com, is crucial, note that the cryptocurrency market carries risks. Only invest in this space if you are willing to lose your money in case an investment fails to work out as expected. It is also crucial to conduct thorough market research and select a credible exchange for a worthwhile experience.
Finding the right cryptocurrency wallet can be a challenge for any investor in the UK. There are numerous prominent names in the region, including Coinbase, which we are going to review today. This wallet supports hundreds of thousands of tokens and allows users to transfer them across various networks. However, is Coinbase wallet safe and suitable for your investment needs?
As InvestingGuide experts, we are here to answer this question and more. Our ultimate Coinbase review below is based on our hands-on experience. We share the wallet’s features, including security measures, fees, performance, and more. This is so you can gain enough insights into this wallet and decide whether it is worth entrusting your hard-earned tokens to.
We tested Coinbase Wallet UK and concluded that it has many advantages over disadvantages. For instance, we noticed that the wallet is highly reputable and user-friendly. We also found it simple to set up. Plus, it adheres to FCA regulations, thus guaranteeing users’ safety. When it comes to drawbacks, we discovered limited support for NFTs and more.
✔Modern design interface
✔Streamlined transactions
We noticed that the Coinbase Wallet supports over 100,000 cryptocurrencies. These include all the ERC-20 tokens and dapps. With it, you can secure Bitcoin, Ethereum, Solana, Litecoin, Dogecoin, and more. The wallet supports tokens from multiple networks, such as Ethereum, BNB Chain, Arbitrum, and Solana.
Coinbase also allows users to manage their NFTs on its award-winning decentralised web. Plus, it supports fiat currency transactions, including popular ones like GBP, USD, EUR, AUD, CAD, and more. Unfortunately, the wallet discontinued support for some tokens and networks due to low usage. These include BCH, ETC, XLM, and XRP. You can see below the list of networks that the Coinbase wallet supports.
Understand that these networks are already configured and are compatible with mobile apps and browser extensions. However, users are allowed to add EVM-compatible networks should they see fit.
Coinbase wallet UK prides itself on employing top-notch security measures to protect unauthorised access to users’ personal data and tokens. We explored its platform to verify this claim and found it safe. For starters, the wallet is owned by the Coinbase exchange, which is one of the most highly rated exchanges by users globally. The exchange has hosted over 50 million clients so far.
Additionally, we noticed that Coinbase adheres to the stringent regulations of the Financial Conduct Authority (FCA). Plus, it complies with Anti-Money Laundering (AML) rules to ensure the wallet remains free from imposters. That being said, expect to participate in the Know Your Customer (KYC) procedure when signing up for an account at Coinbase Wallet.
We also like that Coinbase allows users to secure their wallets with two-factor authentication and security keys to protect them against potential threats. On top of that, you can set up strong passwords for your wallet or optimise the safety of your assets with security locks and biometrics.
While Coinbase employs various measures to keep its wallet secure for users, it is backed up by a team of professionals. These experts use multiple databases to identify and isolate suspicious activities and notify users on time before their wallets are jeopardised.
Before you start securing and transacting at Coinbase wallet, ensure it is affordable to avoid getting frustrated with high charges. From our experience, setting up the wallet is free. You can download its app to your iOS or Android mobile device from Google Play or the App Store. The wallet also has a browser extension to enable you enjoy its services using your desktop device.
While the wallet is free to download and set up, it charges transaction fees. This mostly applies when you deposit or withdraw digital tokens from Coinbase to external wallets. You will also incur buying, selling, or swapping charges. Comparing Coinbase wallet cost to its peers, they are a bit higher. However, you are free to customise the amount you want to pay depending on how long you can wait for the transaction processing.
Overall, the Coinbase wallet doesn’t charge any fees when you transfer cryptos from its exchange to the wallet. Also, storage is free, and you can keep your tokens with it for as long as you want without worrying about rising costs.
As mentioned earlier, Coinbase is a self-custody wallet. This means that the provider gives you full access and sole control of ensuring your wallet remains safe. From our analysis, it has a high level of privacy since you will not need to share any personal information like email or phone number to use the wallet. We also like that this wallet gives users the option to decide whether they want their profiles to be findable or not.
Since you will be taking full control of your digital tokens, we advise you never to share your password or recovery phrase with anyone. Remember, the safety of your crypto tokens largely depends on you protecting your device from unauthorised access. And do not hesitate to contact the wallet’s support service team should you suspect any malicious activities.
Coinbase offers 24/7 support to cater to traders’ and investors’ needs. It prides itself on being responsive and delivering relevant solutions to assist traders. To verify this claim, we contacted the team via supported channels (phone, email, and live chat).
The wallet’s live chat is backed up by a virtual assistant, which is reliable but not as human assistance. The professionals we met via live chat were friendly and professional, ensuring we were fully satisfied and ready to efficiently manage our activities. Phone response was also prompt but our emails took a few minutes before being responded to.
Besides having a reliable and responsive support service, Coinbase has a help centre page full of frequently asked questions. We advise that you visit the page before contacting the support team. This is because some of the questions you have are already answered on this page. You get to save time communicating with the provider’s representatives.
Creating a Coinbase wallet involves straightforward procedures. You do not need an account at Coinbase exchange to use this wallet. The wallet accommodates all types of investors, and all you have to do is download the app to get started. Then, follow the procedures below to set up your wallet at Coinbase and start securing your digitally acquired tokens.
To start enjoying Coinbase wallet’s excellent features, visit its official website to create an account. Start by understanding its terms of service to ensure you are on the same page with the provider when it comes to services rendered.
Click the “Download” button to install Coinbase wallet app on your Android or iOS device. The wallet also has a browser extension available from the Chrome Web Store. You can decide to install the extension on your desktop browser and app on your mobile device. This way, it will be easier for you to manage your tokens and investments, even while on the move.
Open the Coinbase wallet app and click “Create New Wallet.” Create a username, which will be used as your identifier. And, do not forget to create a strong password for an added layer of safety to your wallet. Coinbase will then send you a 12-word recovery phrase, which will let you recover your wallet if you lose your device. You can also add more safety measures, such as face ID.
At this point, your Coinbase wallet will be safe to use. Feel free to explore its features and familiarise yourself with all its functionalities. You can then start transferring cryptos to your wallet by clicking “Receive.” This is whether you want to send the tokens from the Coinbase exchange or another external address. Always factor in transaction charges, depending on the network you are transacting in.
Coinbase wallet is legitimate and highly reputable. However, is it the right one for you? Our ultimate review above will help you answer this question and make the right decisions. Note that having the best wallet does not guarantee successful cryptocurrency investments. You must be well-versed in the crypto market to create solid strategies that will maximise your potential. Know when to buy, sell, or store your acquired tokens by keeping track of the market’s performance. And, do not share your recovery phrase with anyone. Your hard-earned cryptocurrencies may be jeopardised in case they fall into the wrong hands.
We’ve dissected many brokers over the years and can confidently classify IG Markets as one of today’s most outstanding options. We spent a significant chunk of valuable time testing and evaluating this platform, and the results were anything but disappointing. Countless elements impressed our experts, including IG Markets’ rich selection of financial instruments and advanced trading platforms.
Before you sign up with IG Markets UK, read this review carefully. It has everything you need to know to decide whether this broker is suitable for you. Also, if you are a novice, use a demo account to vet IG Markets and test your trading skills before exposing your capital to the risks of live trading.
Based on the outcomes from our exploration, the IG Markets broker deserves to be on the list of the best service providers in the UK. But, despite having so many admirable qualities, this service provider has a few shortcomings. But that’s nothing to fret over. After all, every trading platform has its strengths and drawbacks.
We’ve listed some IG Markets’ pros and cons below.
✔Zero minimum deposit requirements
✔17,000+ available products
We highly recommend IG Markets UK to Britons searching for a secure trading platform for numerous reasons.
First, this broker is licensed by the highest authority in the United Kingdom, the FCA. Consequently, it complies with numerous rules and standards designed to protect you, a trader. For instance, it segregates investor funds from company resources. Also, as a member of the FSCS, IG Markets guarantees that each eligible client will receive compensation of up to £85,000 in case of insolvency.
IG Markets is also authorised and supervised by multiple authorities in other regions. For instance, it’s authorised to act as a securities dealer by FINMA in Switzerland. Furthermore, the broker is registered with the DFSA, the JFSA, and ASIC in Dubai, Japan, and Australia, respectively.
Additionally, IG Markets uses 256-bit SSL encryption to secure all financial transactions and communications between your device and company servers. Also, you boost security by setting a strong password and activating two-factor authentication while trading with this platform. If you don’t want to use a password, you can opt for biometric login and augment security with 2FA.
IG Markets has a clean, uncluttered website. It’s simple and easy to get around. As experts in our domain, we consider this trading platform ideal for both novices and experienced traders. Simplicity aside, we discovered numerous platforms hosted on IG Market’s official website. They include:
Opening an IG Markets account doesn’t cost a dime. Moreover, this broker has no minimum deposit, so you don’t have to worry about compromising your budget. You can also enjoy significant savings by trading with IG Markets since it offers tight spreads, starting from 0.1 points on commodities and 0.6 points on popular currency pairs.
With that in mind, IG Markets charges overnight funding for cash CFD positions and daily funded bets (DFBs) that remain open past 10 pm UK time. The broker also requires traders to cover a small guaranteed stop fee. The fee kicks in every time the guaranteed stop feature is triggered. You should also expect to incur additional when shorting stocks and augmenting your trading experiences with premium services like live data streams.
Luckily, deposits and withdrawals are free on IG Markets. The broker only requires traders to pay a 0.5% standard currency conversion fee. Furthermore, the platform has zero inactivity fees, though your account will be terminated if it remains dormant for 24 consecutive months.
You can engage in spread betting and trade CFDs across 17,000+ markets as an IG Markets user. Some of the product offerings available on this platform include:
Suppose you have a question. In that case, you can source a fitting answer from the articles published on IG Markets’ Help and Support page. You can also forward urgent queries and concerns to IG Markets’ support team, available 24/5. This broker supports numerous communication channels, including phone, live chat, WhatsApp, and email.
We tested the quality of support offered by IG Markets and were impressed. Our questions were answered promptly and skillfully.
You should worry about lengthy and complicated registration. IG Markets has simplified the process to a few manageable steps that even a newbie can manoeuvre quickly. If you are ready to open a live account, here’s what you need to do:
Before diving in, go to IG Market’s official website and conduct an exhaustive assessment. Check if everything suits your needs and preferences. You also read the broker’s terms and conditions. If you want to trade on the go, download the IG Markets mobile app.
Start the registration process by clicking “Create live account.” Fill out the application form with the correct information, including your full name and email address. Most importantly, create a strong, highly secure password for protecting your account and assets.
Verify your identity with a copy or photo of your driving license or passport. Also, verify your address with a recent credit card bill, bank statement, or any other supported document. Wait for verification, which should take a few hours, tops.
IG Markets supports numerous payment methods, including credit/debit cards and bank transfers. Pick the most convenient option for funding your account. You can start with the smallest amount possible if you are a novice since this broker has no minimum deposit requirement.
Choose an instrument from IG Markets’ impressive list of over 17,000 markets and start trading. Remember to keep your emotions in check and do extensive research before opening every position. Additionally, minimise losses with the best risk management tools and strategies.
IG Markets is a multi-regulated broker that offers most of the aspects you need to thrive, from excellent trading platforms to a wide variety of securities. But you shouldn’t take our word at face value. Besides reading our IG Markets review, do your own research, test the available platforms with demo accounts, and read testimonials on popular sites like Google Play and Trustpilot. That way, you can make the best decision from a vast pool of insights and first-hand experience.
Forex.com has been offering brokerage services to traders since 2001. The broker prides itself on keeping up with the advancing technology and has remained steadfast. This way, traders are guaranteed stability and excellent opportunities that will maximise their potential in the financial space. So far, Forex.com has over 500,000 global clients and multiple awards for its excellent offerings.
From users’ perspectives on Google Play, the App Store, and Trustpilot, Forex.com is a reliable and secure broker. However, we decided to conduct our own analysis by creating trading accounts and analysing its offerings and performance. Below is our unbiased Forex.com review based on our findings.
From our overall experience, Forex.com has many advantages compared to disadvantages. We like that it is user-friendly, has a fast trade execution speed and offers affordable services to traders in the UK. See our summary below of the broker’s pros and cons for more understanding.
✔Intuitive design platform
✔Low trading fees
Forex.com UK is a legitimate broker with solid security measures to ensure traders’ safety. Its parent company, StoneX Group Inc., is listed on the NASDAQ stock exchange. Moreover, Forex.com is highly encrypted with SSL technologies to ensure no unauthorised access to your trading account.
Besides being highly encrypted, this broker is licensed and regulated by multiple tier-one authorities. With this regulatory status, traders are guaranteed a secure trading environment free from imposters. You will participate in account verification during the sign up process to ensure you are who you claim to be.
That being said, here is a list of the regulatory authorities overseeing Forex.com trading services.
Forex.com is also mandated to store its clients’ trading funds in segregated accounts that are only accessible to the owners. This means Forex.com will not use your money even if it goes bust. And since the financial space is dominated by fraudulent brokers, taking legal action against a regulated one like Forex.com is easy.
Lastly, we noticed that Forex.com broker has gained excellent reviews on Google Play, the App Store, and Trustpilot. This indicates that many traders trust it for its services. Moreover, it is a member of the Investor’s Compensation Fund (ICF). It guarantees client compensation in the event that the broker fails to pay its liabilities to clients.
Forex.com prides itself on offering cutting-edge platforms with fast trade execution speed. We analysed all the platforms and admit that they are suitable for all types of traders. Let’s explore below Forex.com’s platforms that are available for UK clients.
Note that while Forex.com’s platforms have proven reliable and efficient, they might not be suitable for all traders. Therefore, start by exploring this broker using its demo account to decide what best suits your trading requirements.
Forex.com UK has a transparent fee structure you will find on its official website. There are no hidden costs based on our analysis. This makes us conclude that it enables users to budget accordingly without worrying about additional charges.
Note that signing up for a trading account at this broker’s site is free. Forex.com minimum deposit requirement is £100, which we believe is among the lowest in the industry. And the best part is that Forex.com does not impose deposit and withdrawal charges.
When it comes to trading at Forex.com, expect to incur low spreads, starting from 0.8 pips on major currency pairs. Commission also applies to share trading, starting from 8 basis points. The best part is that Forex.com features an Interest Payment Scheme. This allows users to earn interest on their tradable account funds. However, this scheme comes with specific requirements that you must meet to qualify.
Another fee to expect with Forex.com is overnight charges for positions left overnight. You will also incur inactivity fees of £15 monthly should your trading account remain dormant for over 12 months.
Forex.com lists over 4500 trading instruments for UK clients. Sadly, there is no buying and taking ownership of any of the featured assets. Instead, you get to trade them as CFDs, whereby you speculate on their rising or falling prices to benefit from the price difference.
The good news is that the variety of asset classes available at Forex.com allows you to easily diversify your portfolio. Let’s explore below the asset classes you will explore at this broker’s platform.
We analysed Forex.com’s customer support and were impressed with its services. Note that it has a dedicated team of professionals at your beck and call anytime you need assistance or clarification. We contacted them via the available channels, namely live chat, email, and phone. The live chat response was prompt, thus making it a suitable option for quick answers.
We called the team via phones and sent emails. Although the email response was a bit slow, rest assured of quality assistance. Overall, Forex.com’s support operates five days a week. Therefore, ensure its availability aligns with your trading schedule before making a commitment.
We also discovered a comprehensive FAQ section at Forex.com broker. On this page, the broker’s experts have addressed different popular queries, from how to open an account with Forex.com to how to download various trading platforms.
During account sign-up, we noticed that Forex.com UK has a streamlined account opening procedure. Plus, it is compatible with desktop and mobile devices. Therefore, if you are always on the move, install its app on your mobile device to effectively manage your trades. Then, follow the procedures below to create an account and start trading.
To create an account, visit the broker’s official website. We share links on this page that will help you gain quick access. Then, read the broker’s terms of service and familiarise yourself with its features. This way, you are guaranteed an exciting experience that will maximise your experience and potential.
Click the “OPEN AN ACCOUNT” button on Forex.com’s homepage to begin the account registration process. Fill out the provided form using your personal information. These include your name, email, phone number, date of birth, location, and more. Plus, do not forget to share your unique username and password to secure your account further from unauthorised access.
As mentioned earlier, Forex.com is licensed and regulated by multiple top-tier authorities including the FCA in the UK. This means that the broker must adhere to the authorities’ stringent rules to ensure traders are secure. Among the rules is verifying traders’ identities and locations before having their accounts fully activated. You will engage in this activity by sharing copies of your original ID card and utility bill, respectively. You may also share copies of your passport or driver’s licence and bank statement.
Your account will take a few hours to activate, after which you will receive an email confirmation. At this point, make a deposit per the broker’s minimum deposit requirement. Choose the most convenient transaction method, whether credit/debit cards, e-wallets, or bank transfers. Fortunately, Forex.com does not charge deposit fees, thus streamlining the activity.
Once Forex.com confirms your deposit, it will automatically redirect you to where it lists its offerings. Choose your preferred trade size and open a position. Do not forget to track your open position to ensure you never miss out on potentially profitable opportunities. You can also diversify your portfolio to mitigate the risks that come with trading a single asset. Most importantly, apply risk management controls like stop-loss and take-profit orders to mitigate massive losses.
We hope our Forex.com review above has helped enlighten you regarding its features. So, if you will commit to this broker, do not rush to spend real funds. Take advantage of its demo account to be fully familiar with the broker’s offerings before switching to live trading. For beginners, we like that Forex.com has an excellent selection of learning tools for you. Experts will also enjoy advanced platforms and resources. Regardless of whether Forex.com is suitable for you, understand that the financial market is unpredictable. Therefore, always conduct thorough market analysis for solid strategies to increase your chances of success in the financial space.
FxPro started its brokerage service operation in 2006. Today, the broker has successfully expanded to serve over 7 million retail and institutional clients across over 170 global countries. In the UK, FxPro is licensed and regulated by the Financial Conduct Authority (FCA). It also has other licences from top-tier global authorities like SCB, CySEC, and FSCA.
Overall, FxPro has earned over 110 awards for its exceptional services. It also has thousands of positive reviews from users on Google Play, the App Store, and Trustpilot. To confirm FxPro’s credibility and services, we decided to thoroughly test it. Find below our ultimate FxPro review based on our experience.
We tested FxPro’s performance and offerings and identified many great things. However, we also noted a few pitfalls, which we will discuss below. For instance, we like the broker’s user-friendly interface and ability to operate on desktop and mobile devices. However, we wish it could support the buying and taking ownership of some assets in the future.
In summary, here are the pros and cons we noted at FxPro:
✔User-friendly platform
✔Low minimum deposit requirement for UK clients
FxPro UK prides itself on being one of the most highly secured brokers in the UK. We explored its security measures to verify this claim and can confirm that the broker has traders’ interests at heart. For instance, the broker’s platform is SSL encrypted, ensuring no unauthorised access to your trading account.
Moreover, FxPro uses Cloudflare to stave off distributed denial-of-service attacks (DDoS). All these are managed by its team of professional technicians, who conduct frequent checkups and tracking to identify any suspicious activities.
FxPro offers UK clients negative balance protection, thus ensuring they do not lose more than they had initially deposited. And to maximise safety, it encourages its users to secure their trading accounts with two-factor authentication and strong passcodes.
We like that this broker is licensed and regulated by top-tier authorities. In the UK, its activities are overseen by the Financial Conduct Authority (FCA). Having this licence is a way of guaranteeing traders that they are safe with FxPro and that their funds are secured. Plus, you can enjoy investor protection privileges since this broker is a member of the UK’s Financial Services Compensation Scheme (FSCS).
That being said, here are other authorities regulating FxPro’s services to global clients.
Our experience trading at the FxPro platform was exceptional. We like that it has a variety of platforms, all of which are user-friendly. The best part is that each platform offers unique trading conditions, thus allowing for a more personalised experience.
See below the available platform you will find on this broker’s website:
From our broker analysis and comparisons, we find FxPro to be one of the most affordable brokers for Ul clients. For starters, this broker has a free account opening procedure that takes minutes to complete. Moreover, it has a £1000 minimum deposit requirement, though you can deposit as little as £100. And when it comes to transaction costs, FxPro doesn’t impose any. We believe this makes it suitable for newbies who are sceptical about spending a lot of money and low-budget traders.
When it comes to trading charges, FxPro imposes low fees compared to other brokerage firms. For instance, forex trading attracts low fees, starting from 0.0 pips on major currency pairs. However, expect to incur additional costs for positions left overnight. There is also an inactivity fee of £10 monthly should your account remain dormant for over six months.
FxPro UK lists over 2,100 CFD instruments to trade. These include shares, forex, metals, indices, energy, and futures. While we like trading these assets, its offering is limited compared to most of its peers. Let’s break down these offerings so you can fully understand what to expect.
We contacted the FxPro support service to gauge its performance and response rate. Its team operates via phone, email, and live chat five days a week. We liked how prompt they responded, and we got relevant solutions that elevated our experience. You can trust the team with any concern or challenge for quality assistance during their operating hours.
In addition to human assistance, the FxPro broker has a comprehensive FAQ section with answers to commonly asked questions by traders. This page eliminates the need to contact the team since it answers most questions suitable for beginner traders.
Signing up for a trading account at FxPro is a straightforward procedure that takes minutes to complete. From our experience, you do not need any guidance to set up a trading account. Simply follow the guidelines we share below to get started.
First, you must visit FxPro’s official website to create a trading account. On this page, we share links that will redirect you to its site, whereby you should start by understanding its terms of service. For traders always on the move, ensure you install the broker’s app on your Android or iOS mobile device for efficient activity management. Most importantly, ensure you are 18 years and above since this is a major requirement for trading at any FCA regulated broker in the UK.
Click the “Register” button on FxPro’s page to start the account registration procedure. You will start by specifying your jurisdiction area and share your email and password. Then, tick the box below accepting the broker’s terms and conditions before proceeding to the next step.
You will then be required to select your preferred trading account, whether Standard, Raw+, or Elite. Choose what suits your skill level and share your other personal details as required. This information include your name, date of birth, email, source of income and phone number. And do not forget to create a unique username and string password for an added layer of safety to your account.
Since the FCA regulates FxPro, you will be required to verify your personal details before having your trading account fully activated. In this case, the FxPro broker will request that you share copies of some personal documents. For identity verification, you will share a copy of your original ID card. Plus, you must share another copy of your utility bill (not exceeding three months old) to verify your location. Document processing may take up to 2 business days. FxPro will then send an email notification once everything is set.
Once you receive a confirmation email of account activation, deposit funds to start trading. Note that the FxPro minimum deposit requirement is £100 with no translation charges. The best part is that it supports transactions using multiple payment methods, including credit/debit cards, e-wallets, and bank transfers.
Once your account is funded, choose an instrument and place your order. To avoid enormous losses, size your positions wisely, monitor all trades, and use risk management tools like stop-loss and take-profit orders. For beginners, start with a small capital since the financial market is unpredictable and losses can occur. Most importantly, consider starting your ventures using a demo account and transition to live trading once you are ready to risk real funds.
From our analysis, FxPro is a reliable and secure broker serving millions of global clients. If you are new to the financial space, feel free to thoroughly analyse this broker to ensure it fits your needs. We can confidently say that it has enough learning materials and professional support to help you get started on a good note. Expert traders will also enjoy their experiences with this broker, especially on its advanced platforms like MT4, MT5, and cTrader. We wish it would add more asset classes, such as options, in the future so that every trader can explore this amazing broker. Overall, we hope this FxPro broker review has been helpful. So, feel free to test the broker via its demo account, and hopefully, you will enjoy its offerings just as we did.
Founded in 1992, Saxo is an investment bank headquartered in Denmark. It specialises in online trading and investment and has attracted over 1.2 million clients so far. From our analysis, the majority of Saxo clients praise it for being user-friendly on both desktop and mobile devices. Others also appreciate the diverse asset offerings, which have helped them easily diversify their portfolios.
As professionals in the financial space, we decided to analyse this broker’s features and services. Our Saxo review below will enlighten you on the broker’s strengths and weaknesses based on our hands-on experience.
Like any other broker we have tested, Saxo has pros and cons. For instance, it is licensed and regulated by multiple top-tier global authorities, including the Financial Conduct Authority (FCA). Plus, its platform is user-friendly and hosts quality trading tools for both newbies and professional traders. On the downside, we noticed that the broker has no third-party MT4/5 platforms. See below a summary of Saxo’s advantages and disadvantages for an informed decision.
✔No minimum deposit requirement
✔Low commissions for all asset classes
Among Saxo’s features, we like that it employs strong security measures to protect its clients. For instance, we noticed that the broker’s platform is highly encrypted to secure users’ personal information and data. Plus, it features two-factor authentication to ensure clients’ accounts are secured from unauthorised access.
Besides being highly encrypted, Saxo is highly reputable, with over 1.2 million global clients. This shows how the broker is trusted by many, and any trader, from new to professional, is guaranteed an exciting experience.
When it comes to regulatory status, Saxo is licensed and regulated by multiple tier-one authorities. For instance, its activities in the UK are overseen by the Financial Conduct Authority (FCA). This authority has laid stringent rules requiring all UK brokers to secure clients’ funds in segregated accounts. This ensures not even the broker will have access to your money, especially in case it goes bust.
Saxo is also licensed and regulated in other global regions, thus further proving its credibility. Some of these authorities include:
Our experience with Saxo was exceptional. The platform has a modern design, and we seamlessly navigated its menu to access all its features. Moreover, signing up for trading and investment accounts was straightforward. We barely took five minutes to complete this process. Simply ensure you provide accurate details to avoid wasting time and quickly setting up your account.
If you are a beginner, Saxo has your interest at heart. The broker hosts a demo account with £100,000 virtual currency. With this account, you can gauge your skill level and explore the financial space assets to decide what best suits your skills. However, note that this demo account has a validity period of 20 days. Therefore, taking advantage of it while it lasts will help avoid risking real money until you feel ready.
Besides the demo, Saxo also has a live trading account where you can try your luck in earning real profits. This account is accessible via various platforms, including SaxoInvestor, SaxoTraderGo, or SaxoTraderPro. The SaxoInvestor is simple to use and has adequate features perfect for all types of traders. With it, users can invest in stocks, mutual funds, ETFs, bonds, and managed portfolios on their desktop or mobile devices.
There is also the SaxoTraderGO app you can download from Google Play or the App Store. The app impressed us with its simplicity, which we believe any trader will benefit from when managing their activities, especially on the go. And the best part is that this app hosts advanced fundamental and technical analysis tools. It also comes with an extensive charting package loaded with live integrated charts, drawing tools, and over 40 technical indicators. This allows users to extensively conduct market analysis and develop strategies that might increase their profitability.
For professional traders looking for more advanced resources, Saxo hosts a SaxoTraderPRO platform. The platform is fully customisable and has numerous advanced features, like the advanced trade ticket tailored for optimum productivity and speed. We also discovered the time and sales data that allows users to view real-time order executions on some exchanges and use generated insights to make informed decisions. Other advanced resources include depth trader, algorithmic orders, charting packages, and option chains.
Saxo is one of the brokers in the UK with transparent fee structures. While analysing its trading and no-trading charges, we noted that the broker has no hidden charges. This makes it easier for users to plan and budget for their activities without worrying about extra charges once fully invested.
Additionally, we find Saxo affordable since it charges low commissions, starting at $1 on US stocks, ETFs, and futures. For traders interested in options and government bonds, Saxo charges low fees, starting at $0.75 and $0.05%, respectively.
When it comes to Saxo’s minimum deposit requirement, the broker has none. This means that any trader, whether new or budget-conscious, can create a trading account with the broker and start exploring the financial space. However, expect to incur a currency conversion fee, especially when you trade using a different currency from your account’s base denomination. The good news is this fee doesn’t apply to marginal collateral and can never exceed +/- 0.25%.
Financing charges for positions left overnight are also applicable at Saxo. For investors, expect to incur annual custody fees if your account holds stock, bond, or ETF/ETC positions. The exact fee will vary depending on your account. Our analysis showed that you will pay up to 0.15% for the classic account, 0.12% for the platinum account, and 0.09% for VIP accounts.
Lastly, Saxo charges fees for additional services besides those mentioned above. For instance, it imposes a $50 fee for online report requests. Plus, transactions are free, and there is no inactivity fee should your account stay idle for some time.
Overall, you will explore more than 71,000 trading and investment securities. The instruments are divided into investment and leveraged products, so every trader can easily choose what suits their skill level. Some of the investment products include stocks, ETFs, bonds, mutual funds, and crypto ETFs. Moreover, there is the managed portfolio feature that allows traders to see Saxo’s professional services when navigating markets and managing their investments.
When it comes to leveraged products, Saxo offers options, futures, forex, forex options, crypto FX, CFDs, commodities, and Turbos. This wide array of securities allows traders and investors to easily diversify their portfolios. As a result, they get to mitigate the risks that come with investing in a single asset.
Note that trading carries risks, especially those involving leverage. Therefore, understand all the risks involved before engaging in this trading method. Plus, conduct thorough market research for solid strategies that will increase your chances of earning profits.
Saxo has a dedicated team of professionals at your beck and call for assistance. We tested its reliability and can confirm that the team is responsive via phone, email and live chat. Although you can only contact the team five days a week, rest assured of quality assistance. The representatives are prompt and patient, ensuring users are satisfied with the solutions they get.
The best element about Saxo is that it is backed up with a comprehensive FAQ page. Here, you will quickly find answers to some of the commonly asked questions by traders. We encourage you to visit this page first whenever you have any questions before contacting the team. This way, you can save time and dive back into managing your activities.
From our experience, Saxo’s account opening procedure takes minutes to complete. If you have been considering the broker for your trading or investment activities, here is step-by-step guidance on how to get started.
To create a trading or investment account at Saxo, you must visit its official website. Start by thoroughly understanding its terms of service and analysing its features before clicking the “signup” button. Note that this broker also has an award-winning SaxoTraderGO app, which we encourage you to install on your Android or iOS mobile device. This way, you will efficiently track your activities, especially while on the move.
Once you have completed the step one procedure above, create a trading or investment account by clicking the “Open Account” button at the top-right corner of the website. Fill in the provided form with the required personal details. These include your name, date of birth, source of income, email, location, preferred currency, and more. Saxo will also request you to create a unique username and strong password for an added layer of safety to your account.
Saxo is one of the UK brokers licensed and regulated by the Financial Conduct Authority (FCA). This means that it must adhere to the authority’s stringent regulations. One rule is that all traders and investors must verify their personal details before having their accounts fully activated.
That being said, Saxo will require you to provide a copy of your personal government-issued ID card, passport, or driver’s license to prove your identity. You will also be requested to share another copy of a recent utility bill or bank statement as proof of location. Verification will take a few hours, after which Saxo will send an email notification.
Once your account is fully activated, it is time to fund it and trade or invest. Since the broker has no minimum deposit requirement, deposit any amount of money you find worth risking in the financial space. The good news is that Saxo supports multiple payment methods for deposits and withdrawals, including credit/debit cards, e-wallets, and bank transfers. Therefore, choose the most convenient transaction method so you can dive straight into kickstarting your ventures.
Whether you are planning to buy company shares and take full ownership of trade other assets as derivatives like CFDs or indices. In this case, choose your preferred assets and trade size. Then, proceed to open a live trading position and track its performance to ensure everything works out as expected.
For beginners, Saxo has a virtually funded demo account you can use to avoid risking real money. Once you are confident in your skill level, you can transition to live trading. Most importantly, start with a small amount of capital since the financial market can be unpredictable. Also, apply risk management controls like take-profit and stop-loss orders to mitigate massive losses in case the trade works out against you.
From our observations and tests, Saxo is one of the best brokers for UK clients. We highly recommend it to all types of traders since it balances its features to accommodate all. We are really impressed by the broker’s professionalism, especially when it comes to offering assistance to users. Its wide range of tradable instruments is also worth applauding. However, understand that while the broker might be suitable for one client, it might not suit another’s trading requirements.
