Compare Brokers For Trading GBP/USD, gbp forex brokers.

Gbp forex brokers


More clarity on the fundamental impacts on the currency pair will be gained as the year progresses.

No deposit forex bonuses


Compare Brokers For Trading GBP/USD, gbp forex brokers.


Compare Brokers For Trading GBP/USD, gbp forex brokers.


Compare Brokers For Trading GBP/USD, gbp forex brokers.

The US federal government has hinted at the possibility of three interest rate hikes during 2017. Increased US interest rates will favour investment in that country which will trigger increased demand for the US dollar, all other things remaining equal. President trumps’ immigration and trade policies are likely to trigger inflation and growth in wages.


Compare brokers for trading GBP/USD


For our trading gbp/usd comparison, we found 20 brokers that are suitable and accept traders from united kingdom.


We found 20 broker accounts (out of 147) that are suitable for trading GBP/USD.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XTB


Platforms


Funding methods


82% of retail investor accounts lose money when trading cfds with this provider.


Avatrade


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About avatrade


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider.


Pepperstone


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About pepperstone


Platforms


Funding methods


Cfds and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds.You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About IG


Platforms


Funding methods


76% of retail investor accounts lose money when trading spread bets and cfds with this provider


Forex.Com


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About forex.Com


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider


Axitrader


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About axitrader


Platforms


Funding methods


68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


XM group


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XM group


Platforms


Funding methods


78.04% of retail investors lose money when trading spread bets and cfds with this provider.



City index


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About city index


Platforms


Funding methods


73% of retail investor accounts lose money when trading cfds with this provider


Easymarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About easymarkets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider.


Admiral markets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About admiral markets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider


Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.


The ultimate guide to


Forex trading: the GBP/USD currency pair


The GBP/USD is known as the “pound dollar” by forex traders and is one of the majors. Both the US dollar (USD) and the british pound (GBP) are popular currencies; having average daily over-the-counter (OTC) turnovers of US$4,438 billion and US$649 billion respectively for 2016. Of the two currencies, the USD is the more widely traded, accounting for as much as 88% of the OTC forex market (2016). It is second in trading volume among the major pairs to the EUR/USD.


The GBP accounted for 13% of this market during the same period. Considerable levels of trading between these two economies gives rise to the need to hedge against foreign exchange risks. The liquidity of the USD, and to a lesser extent, the GBP, also makes the pair an attractive trading pair for retail forex traders. The volatility of the currency pair over the last 10 weeks was approximately 1.01%, with the pair moving by 125.84 pips during the period.


The GBP/USD closed trading at 1.2291 on friday march 3rd, 2017 (bloomberg), gaining 0.20% over the previous close of 1.2267.


Fundamental influences on the GBP/USD currency pair


As with most currency pairs, the economies of both the united states and great britain, have a significant, influence on the rate of exchange. With the economy of the united states expected to undergo major changes in 2017 and beyond with the new trump administration, the pair is likewise expected to adjust in response to the prevailing economic conditions.


The interest rate policies of the US federal government are also expected to impact the currency pair. Similarly, brexit is still expected to affect the exchange rate between the pound and the dollar during 2017.


Major political events are known to impact currency rates of exchange. For example, during the week following the inauguration of president trump in january 2017, the GBP/USD rate fell sharply following great uncertainty about the US economy. As the pound strengthened, the dollar dropped sharply.


Three factors that could greatly influence the GBP/USD currency pair in 2017 include


The US federal government’s interest rate policies, the brexit decision, and the performance of the US economy under the new leadership of president donald trump.


The US federal government has hinted at the possibility of three interest rate hikes during 2017. Increased US interest rates will favour investment in that country which will trigger increased demand for the US dollar, all other things remaining equal. President trumps’ immigration and trade policies are likely to trigger inflation and growth in wages.


More clarity on the fundamental impacts on the currency pair will be gained as the year progresses.


Why choose XTB
for trading GBP/USD?


XTB scored best in our review of the top brokers for trading gbp/usd, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:



  • 16+ years in business

  • Offers 1,500+ instruments

  • A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps


XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade GBPUSD


The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.


XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16


Trust score comparison


XTB avatrade pepperstone
trust score AAA AAA AAA
established in 2002 2006 2010
regulated by financial conduct authority central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI financial conduct authority,UK and ASIC
uses tier 1 banks
company type private private private
segregates client funds

A comparison of XTB vs. Avatrade vs. Pepperstone


Want to see how XTB stacks up against avatrade and pepperstone? We’ve compared their spreads, features, and key information below.



Top forex gbp jpy brokers for 2021


We found 11 online brokers that are appropriate for trading forex gbp jpy.


Best forex gbp jpy brokers guide


We've collected thousands of datapoints and written a guide to help you find the best forex gbp jpy brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best forex gbp jpy brokers below. You can go straight to the broker list here.


Reputable forex gbp jpy brokers checklist


There are a number of important factors to consider when picking an online forex gbp jpy trading brokerage.



  • Check your forex gbp jpy broker has a history of at least 2 years.

  • Check your forex gbp jpy broker has a reasonable sized customer support of at least 15.

  • Does the forex gbp jpy broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

  • Check your forex gbp jpy broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

  • Does your forex gbp jpy broker have an international presence in multiple countries. This includes local seminar presentations and training.

  • Make sure your forex gbp jpy can hire people from various locations in the world who can better communicate in your local language.



Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.


Our brokerage comparison table below allows you to compare the below features for brokers offering forex gbp jpy brokers.


We compare these features to make it easier for you to make a more informed choice.



  • Minimum deposit to open an account.

  • Available funding methods for the below forex gbp jpy brokers.

  • What you are able to trade with each brokerage.

  • Trading platforms offered by these brokers.

  • Spread type (if applicable) for each brokerage.

  • Customer support levels offered.

  • We show if each brokerage offers micro, standard, VIP and islamic accounts.



Top 15 forex gbp jpy brokers of 2021 compared


Here are the top forex gbp jpy brokers.


Compare forex gbp jpy brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.


All brokers below are forex gbp jpy brokers. Learn more about what they offer below.


You can scroll left and right on the comparison table below to see more forex gbp jpy brokers that accept forex gbp jpy clients


All forex gbp jpy brokers in more detail


You can compare forex gbp jpy brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.


We also have an indepth top forex gbp jpy brokers for 2021 article further below. You can see it now by clicking here


We have listed top forex gbp jpy brokers below.


Forex gbp jpy brokers table of contents


Forex gbp jpy brokers explained


Trading the financial markets with forex gbp jpy brokers when conditions are volatile can be difficult, even for experienced traders.


Apart from the educational and other resources made available online, another important factor for traders to consider when looking for forex gbp jpy brokers is the platform that a forex gbp jpy brokers offer.


Choose forex gbp jpy brokers that's at the forefront of innovation and generally considered an industry-leader.


To gain access to the financial markets, you'll need forex gbp jpy brokers that you can rely on.


6 factors to consider when choosing forex gbp jpy brokers


Follow these five rules for selecting a broker that's right for you:


Are your forex gbp jpy brokers trusted and established?


Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated forex gbp jpy broker is etoro. Established in 2006, and in operation for 12 years etoro have a head office in cyprus, UK.


Etoro is regulated. This means etoro are supervised by and is checked for conduct by financial conduct authority (FCA), cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), australian securities and investments commission (ASIC) regulatory bodies.


Another top rated broker is IC markets.


IC markets was established 2007, and in operation for 12 years IC markets have a head office in australia.


IC markets is regulated. This means IC markets are supervised by and is checked for conduct by financial conduct authority (FCA), cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), australian securities and investments commission (ASIC) regulatory bodies.


Broker etoro IC markets XTB FP markets roboforex trading212
year established 2006 2007 2002 2005 2009 2006
head office cyprus, UK australia poland australia cyprus UK
regulation financial conduct authority (FCA), cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), australian securities and investments commission (ASIC) australian securities and investments commission (ASIC), financial services authority (FSA), cyprus securities and exchange commission (cysec) financial conduct authority (FCA), FCA number FRN 522157, cyprus securities and exchange commission (cysec), cysec licence number: 169/12, comisión nacional del mercado de valores, komisja nadzoru finansowego, belize international financial services commission (IFSC) under license number IFSC/60/413/TS/19, polish securities and exchange commission (kpwig) australian securities and investments commission (ASIC), cyprus securities and exchange commission (cysec) cyprus securities and exchange commission (cysec) financial conduct authority (FCA), financial supervision commission (FSC)
used by 17,000,000+ 60,000+ 250,000+ 10,000+ 10,000+ 14,000,000+
negative balance protection yes yes yes yes no yes
guaranteed stop loss no no no no no yes
learn more visit etoro visit IC markets visit XTB visit FP markets visit roboforex visit trading 212
risk warning 67% of retail investor accounts lose money when trading cfds with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits losses can exceed deposits cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Are the forex gbp jpy brokers world leading?


Choose a broker that's at the forefront of innovation and generally considered an industry-leader. Etoro segregates clients funds and offers over 2000 instruments. Etoro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.


In addition, etoro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. Etoro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.


Another good choice when looking for forex gbp jpy brokers is IC markets . IC markets segregates clients funds and offers over 232 instruments.


Broker etoro IC markets XTB FP markets roboforex trading212
instruments available 2000 232 4000 100 100 3000
platforms web trader, tablet & mobile apps MT4, MT5, mirror trader, zulutrade, web trader, ctrader, mac MT4, mirror trader, web trader, tablet & mobile apps MT4, MT5, IRESS, mac, web trader, tablet & mobile apps MT4, MT5, mac, web trader, ctrader, tablet & mobile apps web trader, tablet & mobile apps
excluded countries IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, US US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR US, JP, NZ US, JP US
forex pairs offered 50 65 57 60 35 177
forex pairs offered 50 65 57 60 35 177
major forex pairs yes yes yes yes yes yes
minor forex pairs yes yes yes yes yes yes
exotic forex pairs yes yes yes yes yes yes
cryptocurrencies (availability subject to regulation) yes yes yes yes no yes
commodities offered 31 19 21 18 21 14
metals yes yes yes yes yes yes
energies yes yes yes yes no yes
agricultural yes yes yes yes no yes
stocks offered 2042 110 1696 10000 0 1731
UK shares yes no yes yes no yes
US shares yes yes yes yes no yes
german shares yes yes yes yes no yes
japanese shares yes yes yes yes no yes

What are the forex gbp jpy brokers commissions and fees?


Ensure that your broker is transparent with fees and those dues are competitive.


The best rated forex gbp jpy broker etoro offers competitive offers for stocks, commodities, forex, cfds, social trading, indices, cryptocurrency, index based funds, exchange traded funds (ETF). Etoro minimum deposit is 200.


Another top rated forex gbp jpy broker IC markets offers forex, cfds, spread betting, share dealing, cryptocurrencies. IC markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.


Broker etoro IC markets XTB FP markets roboforex trading212
min deposit 200 200 0 100 1 1
withdrawl fees yes no varies no yes no
inactivity fees yes no no no no no
deposit fees no varies no yes no no
CFD commission fees no yes yes yes no no

What are the forex gbp jpy brokers funding and withdrawal methods?


When dealing with forex gbp jpy brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.


Broker etoro IC markets XTB FP markets roboforex trading212
bank transfer yes yes yes yes yes yes
credit cards yes yes yes yes yes yes
paypal yes yes yes yes no yes
skrill yes yes yes yes no yes
payoneer no no yes no yes no
neteller yes yes yes yes yes no

Find forex gbp jpy brokers with round-the-clock support?


Customer service is very important when dealing with forex gbp jpy brokers.


When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.


Forex gbp jpy brokers customer support can include phone answering services, live chat support and email customer service support.


Etoro support a wide range of languages including english, german, spanish, french, italian


IC markets support a wide range of languages including english, japanese, chinese, polish, afrikans, danish, dutch, german and more


Etoro and IC markets offer support where clients are able to call or contact the helpdesk via email or a chat service.


Make sure the forex gbp jpy brokers offer comprehensive trader resources?


Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, etoro and IC markets work together to bring the latest news and insights to traders.


For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.


Why do forex gbp jpy brokers need to be regulated?


A regulated forex gbp jpy broker lowers your risk.


Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.


Forex gbp jpy brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.



Forex brokers offering trading accounts in british pounds (GBP)


broker country rating min. Deposit website
Compare Brokers For Trading GBP/USD, gbp forex brokers.
cyprus, australia, belize 5 /5$5 visit website website
Compare Brokers For Trading GBP/USD, gbp forex brokers.
UK 4.95 /5$30 visit website website
Compare Brokers For Trading GBP/USD, gbp forex brokers.
UK 4.95 /5$50 visit website website
Compare Brokers For Trading GBP/USD, gbp forex brokers.
UK, australia 4.9 /5$200 visit website website
Compare Brokers For Trading GBP/USD, gbp forex brokers.
australia 4.85 /5$100 visit website website
Compare Brokers For Trading GBP/USD, gbp forex brokers.
UK, cyprus 4.75 /5$500 visit website website
UK 4.6 /5$450read the review
Compare Brokers For Trading GBP/USD, gbp forex brokers.
USA, canada, UK, singapore, australia 4.5 /5$1read the review
Compare Brokers For Trading GBP/USD, gbp forex brokers.
australia 4.1 /5$50read the review
Compare Brokers For Trading GBP/USD, gbp forex brokers.
australia 4 /5$1read the review
Compare Brokers For Trading GBP/USD, gbp forex brokers.
australia 3.8 /5$100read the review

The GBP is probably the most classic of all currencies, for it symbolizes the once majestic empire that no armada nor army could hold back. Even today, the power of the formal industrial beast can still be felt, as exemplified by the fact that the GBP is the fourth most traded with currency in the foreign exchange market.


A local bank transfer in GBP will take no longer than a couple of hours or a business day at max, while international transfers via bank can take up to 5 days. Furthermore, local bank transfers in GBP are cheaper in comparison to international wire transfers.


Usually the cost for an international wire transfer shouldn’t surpass the £20 limit. It’s worth a mention that many GBP using brokers do not have withdrawal/deposit fees attached to them. Take for instance tickmill, exness or even plus500. However, traders should be aware that when transferring money via wire, the bank involved will most certainly apply a service fee.


GBP deposits using a credit/debit card take no more that a couple of seconds. On some rare occasions the processing time can expand to several minutes. Usual fees on GBP transaction when using credit or debit cards are, in the worst case scenario, between 2-3%, yet as is with wire transfers, many brokers offering GBP as their base currency do not charge for credit/debit card payments.


Some of the most commonly used alternative payment methods in great britain are skrill, neteller and paypal, all of which process payments instantaneously.


If there are fees issued by the broker for depositing/withdrawing (as many brokers do not charge them) via neteller and/or skrill, they should not exceed 2% of the sum. However, the payment systems themselves will charge for transactions.


Skrill charges 1.45% of the sum for sending money while netteler issues a commission 2.5% of the requested sum.


Sending/receiving GBP locally using paypal is free. International paypall payments that are over £100 are charged with £1.99 if the recipient is in the US, canada or europe; the fee is £3.99 for the rest of the world. Users must also consider that there probably will be currency conversion rates.


The british pound is considered to be the oldest currency in the world dating all the way back to the times of the anglo-saxons.


Since 1960, queen elizabeth II is featured on every pound note issued by the bank of england.


There is a £1 million pound note as well as a £100 million pound one. Called the giants and the titans, these two notes are held in scottish and northern irish banks, respectfully.



The best brokers for trading EUR/GBP


In this article skip to section


If you are a savvy investor, then you’ll be well aware that forex trading (also known as foreign exchange trading) can be an effective way of generating profit.


It’s a practice which allows you to buy and sell currency pairs, taking advantage of fluctuating exchange rates.


Trading takes place globally by individual traders, investors, even banks and other financial institutions.


The largest markets for forex trading are in london, tokyo, new york and hong kong – and trades take place 24 hours a day, 7 days a week.


At wikijob, we’ve previously published many articles on forex trading, ranging from the benefits of forex trading through to how to trade forex on a low budget and even how to become a successful part-time forex trader.


If you’re interested in learning more about what forex is and how it works, we highly recommend that you read some of our other articles to enhance your knowledge and understanding of the forex market.


You may already know that one of the best ways to trade forex is to use a specialist broker or a dedicated forex trading platform.


In this article, we’ll help you understand who the best brokers are for trading EUR/GBP currencies.


What is EUR/GBP?


As forex trading relates to foreign currencies, you may already know that EUR/GBP refers to the euro (which is used in countries such as france, italy, spain and ireland) and the british pound (which is the currency of the united kingdom).


Is EUR/GBP a minor pair or a major pair?


The forex market is based on pairs of currency. You buy one currency and you exchange it for another in a bid to make a profit on the currency conversion.


These currency pairs are categorized into three distinct groups:



  • Major pairs – those that are most commonly traded.

  • Minor pairs – those that do not involve the US dollar. They can also be known as cross-currency pairs.

  • Exotic pairs are more niche. They tend to be a mix of a major currency (such as the USD) with an emerging currency (such as the norwegian krone or the south african rand).



Although the EUR/GPB pair is a minor currency because it doesn’t involve the US dollar, it is a widely traded pair.


Why do you need to know if your forex pair is major or minor?


The key to successful forex trading is understanding the importance of pairs.


Those new to the market will likely focus on the major pairs such as EUR/USD, USD/JPY or GBP/USD. This is because the trades are far more common and easily accessible.


Trading in exotic pairs tends to be left to experienced traders who have an in-depth understanding of the trading conditions and know how to read the market.


What you should consider when trading EUR/GBP


This is a hugely important pair for many traders as it has high liquidity and a high volume of trade.


As the pair operates within a similar time zone, market fluctuations typically take place between 6 a.M. And 4 p.M. To account for the GMT and european time zones.


As the euro covers a large part of the european continent, potential traders must pay close attention to the different political and economic challenges facing those countries.


The european central bank (ECB) release a variety of reports which can help traders understand how the euro’s value may fluctuate.


These reports will look comprehensively at a variety of factors such as:



  • Unemployment figures in different countries

  • Economic prospects

  • Interest rates, etc.



These consolidated figures are then used to provide data that predicts how the euro may behave in the forex market.


Before buying/selling GBP, it’s also important to look at what the bank of england (BOE) is forecasting.


The bank of england is in control of interest rates, and much of the UK’s economic prosperity is led by this.


An additional factor to consider when trading EUR/GBP is the impact of brexit.


When the united kingdom voted to leave the european union in 2016, there was much concern in the forex market about what this could mean for the two currencies.


The UK officially left the EU in january 2021 and traders will be carefully considering what the economic fallout could be, both in the short term and the long term.


As with any investment, there is never a guarantee that you will make a profit. However, trading a EUR/GBP pair is deemed a relatively low-risk investment.


This is because both currencies are classed as ‘strong’ currencies and prices typically stay consistent, which limits your potential risk.


Why it’s important to choose the right broker to make your EUR/GBP trade


Many traders choose to use a dedicated and specialist broker to assist them in their forex trading. But how do you know which is the best broker?


Just because a broker is highly regarded in a specific currency pair, how do you know that they are the best brokers for trading EUR/GBP?


Before you make any investment, you must do your research. You need to feel confident that you are choosing the right forex broker for your needs.


This may depend on your experience in forex trading, your available budget, your expectations of customer service and whether your funds are fully protected.


The Best Brokers for Trading EUR/GBP


The best brokers for trading EUR/GBP

Who are the best brokers for trading EUR/GBP?


To help you get started in your forex trading, we’ve identified the best brokers for EUR/GBP trades.


As always, it should be noted that any recommendations from the wikijob team do not constitute financial advice and you should always undertake due diligence and speak to a financial advisor before starting your investment journey.


However, here are five highly regarded trading platforms that you may wish to look into to help you make the most of your EUR/GBP forex trade.


Investor retail accounts that lose money: 75%


IG specializes in retail forex trading and has gained a solid reputation as being one of the best forex trading platforms for traders.


It has a wide range of investment opportunities, from spread betting and cfds for short-term investments as well as SIPPS and stocks and shares isas for long-term financial planning.


It operates across 17,000 markets and has 51 pairs available for forex trading.


The $250 minimum deposit means that you don’t need to have huge sums of money to invest, and guaranteed stop losses are free of charge with IG.


Accessibility is a huge plus point with IG – users can manage their forex trades via the phone, online (through the IG website) or via a mobile platform.


This means that you can remain in control of your investment wherever you are located.


The customer service at IG is highly rated by users, and with 45 years’ experience, you can feel confident that you will receive helpful advice and support from their advisors.


2. Saxo capital markets


Investor retail accounts that lose money: 67%


Saxo capital markets is part of the saxo bank, and as such, specializes in working with experienced traders as well as those looking to invest in exotic pairs.


Saxo's clients benefit from a 24-hour customer service that is open across all markets and have the opportunity to build relationships with account managers and trading experts.


This means that you can take advice from those in-the-know and establish the best ways to manage your investments.


Another reason to trust saxo, beyond its numerous industry awards, is its size.


With 25 years’ experience, saxo currently works with clients across 170 countries and processes over one million transactions per day.


The sheer scale of the operation means that you can feel confident that your funds will be protected.


3. CMC markets


Investor retail accounts that lose money: 76%


With CMC, you can trade over 330 forex pairs, offering an unparalleled choice of forex investment opportunities.


Trading typically takes place across its online platform or mobile app, which means that you can manage your trades at a time/place that suits you.


The ‘next generation’ online platform has won numerous awards for its functionality and CMC focuses heavily on supplying traders with data to inform their decision-making.


CMC also has a good risk-management facility which allows traders to maximize profits and minimize losses. However, there is a premium for guaranteed stop losses which will be refunded if the stop loss isn’t triggered.


CMC offers competitive pricing. Unlike other forex trading platforms, CMC does not take a commission. Instead, it earns its revenue through spreads.


CMC is a good choice for experienced forex traders. The firm offers a pro account for professional traders, giving better margin rates as well as early access to new products.


4. Forex.Com


Investor retail accounts that lose money: 74%


Established in 2001, forex.Com has a long-esteemed reputation for being a safe forex trading platform.


With low fees and a competitive range of 80 forex pairs, it’s easy to see why consumers are drawn to the broker.


The low minimum deposit ($100) compares favorably to IG and new users can test their skills with a demo account before they take the plunge and open up an account.


However, the desktop-based platform isn’t as easy to use as other systems (notably CMC) and there are fewer investment choices available for users than other brokers.


For new traders, the wealth of educational tools available on the forex.Com website means that there’s ample opportunity to improve your understanding of how to make the most of your forex trades.


As a forex trading platform, forex.Com understands that speed is vital. New users can open an account in as little as five minutes. All you need is your name, address and tax number, and the system will automatically verify your identity.


Although the company will let you open an account with a small $100 deposit, it recommends that your starting budget is $2,500. Therefore, it’s perhaps a platform better suited to experienced traders.


5. Interactive brokers


Investor retail accounts that lose money: unknown


Interactive brokers is a strong broker choice for experienced and professional forex traders.


As a trading platform, users have access to 135 markets across 33 countries, giving far greater opportunities than just EUR/GBP forex trades.


Users may find that their location may impact their trading opportunities. For example, retail spot forex trading is not eligible to US residents and those living in the US, canada or hong kong are unable to benefit from cfds.


However, professionals are drawn to the platform because it offers low commissions and financing rates.


The trader workstation (the desktop platform offered by interactive brokers) offers a wealth of information for professionals to use, optimizing transaction speed and efficiency.


As well as dealing in forex trades, users can also use the platform to trade stocks, options, bonds and funds from one single account.


The complexity and strength of the platform mean that interactive brokers is not recommended for new users; instead, the firm prides itself on being 'the professional’s gateway to the world markets'.


Final thoughts


As you can imagine, there are hundreds of trading platforms available that can facilitate EUR/GBP trades. But to find the best forex trading platform, you need to consider your experience and your investment levels.


Throughout our research of the five best brokers for trading EUR/GBP, we discovered, although trading platforms are broadly similar, they do have their specializations which should factor into your choice.


For those new to the market, a platform such as IG could be a good option. For those with more experience, bigger budgets or an interest in exotic pairs as well as EUR/GBP trades, you may be more suited to something like saxo or interactive brokers.


You must consider what is important to you. Do you want to be heavily involved in your forex trade, or would you prefer a platform that automates your investments or has an experienced account manager/trade expert on hand to manage your investment on your behalf?


Are you looking for a system that offers comprehensive risk management tools to minimize your potential losses? Do you need help to interpret and understand the forex trading charts?


Another tip to consider when researching which is the best forex trading platform to use, is to research what percentage of users lose money when trading with that provider.


Most forex brokers will publicly share that information on their website homepage (often at the top of the page). This will give you a good insight into how risky your investment may be.


Finally, an easy way to find the best forex broker is to ask to use their demo accounts before you officially hand over your credit card or bank details.


Take the time to get to know different platforms and interfaces – some will feel far more intuitive than others. You need to have confidence that you know how to use your broker’s trading platform to achieve success.


Wikijob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.



Compare brokers for trading GBP/CHF


For our trading gbp/chf comparison, we found 20 brokers that are suitable and accept traders from united kingdom.


We found 20 broker accounts (out of 147) that are suitable for trading GBP/CHF.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XTB


Platforms


Funding methods


82% of retail investor accounts lose money when trading cfds with this provider.


Avatrade


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About avatrade


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider.


Pepperstone


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About pepperstone


Platforms


Funding methods


Cfds and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds.You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About IG


Platforms


Funding methods


76% of retail investor accounts lose money when trading spread bets and cfds with this provider


Forex.Com


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About forex.Com


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider


Axitrader


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About axitrader


Platforms


Funding methods


68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


XM group


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XM group


Platforms


Funding methods


78.04% of retail investors lose money when trading spread bets and cfds with this provider.



City index


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About city index


Platforms


Funding methods


73% of retail investor accounts lose money when trading cfds with this provider


Easymarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About easymarkets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider.


Admiral markets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About admiral markets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider


Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.


The ultimate guide to


Forex trading: the GBP/CHF currency pair


The GBP/CHF is a minor currency cross which essentially means that it does not contain the US dollar. Since this is a minor cross, it means that trading and liquidity are likely to be much lower than the major currency pairs.


The over-the-counter (OTC) daily turnovers released by BIS of these two currencies suggest that trading of the pairs is well below the major currency pairs like the euro dollar. For 2016, the average daily OTC turnovers of the GBP (british pound) and the CHF (swiss franc) was US$649 billion and US$243 billion respectively. These represent volumes of 13% for the GBP and 5% for the CHF.


Nevertheless, because both the GBP and the CHF are both considered major currencies, trading of the GBP/CHF currency pair is attractive to many traders and investors. The british pound originates from the world’s largest financial centre while the swiss franc is considered a safe haven currency.


During the course of the last 10 weeks, the GBP/CHF experienced a volatility of 0.99%, moving by approximately 125.02 pips. Over the last 52 weeks, the price has moved between 1.1446 and 1.4613. The GBP/CHF opened trading on monday, march 6, 2016, at a price of 1.2378, down from the previous close of 1.2391 (bloomberg).


How to trade the GBP/CHF


One of the popular methods to trade the GBP/CHF pair is through a forex broker like avatrade. Forex brokers like avatrade offer their clients access thousands of different markets including currency pairs, indices, commodities like gold and oil via cfds.


An advantage of going through a regulated forex broker is the added protection and security offered by a regulator like the financial conduct authority in the UK. You can compare a full list of broker that are regulated by the FCA here: comparison of FCA regulated brokers.


Fundamental factors affecting the GBP/CHF currency pair


Apart from the economies of great britain and switzerland, the GBP/CHF currency pair is also affected by the economies of countries in their geographic proximity. Employment rates, interest rates, trade policies and political factors all play a role in determining the rate of exchange between the pound and the franc.


Uncertainty regarding the UK-EU relationship going into 2017, resulted in sharp falls in investment in the UK during the last quarter of 2016. With increased speculation about possible interest rates hikes in the united states during 2017, investors have been resorting to safer haven currencies like the swiss franc in order to temper volatility. This increase in demand for the franc is likely to push up the price of the currency.


On the british side, brexit has resulted in a weakening pound which means increasing production costs for manufacturers. This means that imports are likely to become more expensive as 2017 progresses. UK exports will consequently become more attractive as the demand for UK goods increases.


As the year 2017 progresses, the US interest rates are expected to have a significant impact on the movement of the GBP/CHF currency pair.



Why choose XTB
for trading GBP/CHF?


XTB scored best in our review of the top brokers for trading gbp/chf, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:



  • 16+ years in business

  • Offers 1,500+ instruments

  • A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps


XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade GBPCHF


The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.


XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16


Trust score comparison


XTB avatrade pepperstone
trust score AAA AAA AAA
established in 2002 2006 2010
regulated by financial conduct authority central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI financial conduct authority,UK and ASIC
uses tier 1 banks
company type private private private
segregates client funds

A comparison of XTB vs. Avatrade vs. Pepperstone


Want to see how XTB stacks up against avatrade and pepperstone? We’ve compared their spreads, features, and key information below.



GBP/PLN great british pound / polish zloty


Latest research


US market open: stocks continue to struggle after tumultuous week


European market open: EU vaccine shortage starts to bite


US market open: holding steady ahead of GDP and jobs data


Pivot points


Distance


Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.


Daily


Weekly


Monthly


Last updated:


Understanding pivot points


Economic calendar


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Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.



CFD and forex trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.


FOREX.Com is a trading name of GAIN capital UK limited. GAIN capital UK ltd is a company incorporated in england and wales with UK companies house number 1761813 and with its registered office at devon house, 58 st katharine’s way, london, E1W 1JP. GAIN capital UK ltd is authorised and regulated by the financial conduct authority in the UK, with FCA register number 113942. GAIN capital UK ltd is a wholly-owned subsidiary of stonex group inc.


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Compare brokers for trading GBP/USD


For our trading gbp/usd comparison, we found 20 brokers that are suitable and accept traders from united kingdom.


We found 20 broker accounts (out of 147) that are suitable for trading GBP/USD.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XTB


Platforms


Funding methods


82% of retail investor accounts lose money when trading cfds with this provider.


Avatrade


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About avatrade


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider.


Pepperstone


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About pepperstone


Platforms


Funding methods


Cfds and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds.You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About IG


Platforms


Funding methods


76% of retail investor accounts lose money when trading spread bets and cfds with this provider


Forex.Com


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About forex.Com


Platforms


Funding methods


79% of retail investor accounts lose money when trading cfds with this provider


Axitrader


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About axitrader


Platforms


Funding methods


68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


XM group


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About XM group


Platforms


Funding methods


78.04% of retail investors lose money when trading spread bets and cfds with this provider.



City index


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About city index


Platforms


Funding methods


73% of retail investor accounts lose money when trading cfds with this provider


Easymarkets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About easymarkets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider.


Admiral markets


Spreads from


What can you trade?



  • Forex

  • Crypto currencies

  • Indices

  • Commodities

  • Stocks

  • Etfs


About admiral markets


Platforms


Funding methods


83% of retail investor accounts lose money when trading cfds with this provider


Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.


The ultimate guide to


Forex trading: the GBP/USD currency pair


The GBP/USD is known as the “pound dollar” by forex traders and is one of the majors. Both the US dollar (USD) and the british pound (GBP) are popular currencies; having average daily over-the-counter (OTC) turnovers of US$4,438 billion and US$649 billion respectively for 2016. Of the two currencies, the USD is the more widely traded, accounting for as much as 88% of the OTC forex market (2016). It is second in trading volume among the major pairs to the EUR/USD.


The GBP accounted for 13% of this market during the same period. Considerable levels of trading between these two economies gives rise to the need to hedge against foreign exchange risks. The liquidity of the USD, and to a lesser extent, the GBP, also makes the pair an attractive trading pair for retail forex traders. The volatility of the currency pair over the last 10 weeks was approximately 1.01%, with the pair moving by 125.84 pips during the period.


The GBP/USD closed trading at 1.2291 on friday march 3rd, 2017 (bloomberg), gaining 0.20% over the previous close of 1.2267.


Fundamental influences on the GBP/USD currency pair


As with most currency pairs, the economies of both the united states and great britain, have a significant, influence on the rate of exchange. With the economy of the united states expected to undergo major changes in 2017 and beyond with the new trump administration, the pair is likewise expected to adjust in response to the prevailing economic conditions.


The interest rate policies of the US federal government are also expected to impact the currency pair. Similarly, brexit is still expected to affect the exchange rate between the pound and the dollar during 2017.


Major political events are known to impact currency rates of exchange. For example, during the week following the inauguration of president trump in january 2017, the GBP/USD rate fell sharply following great uncertainty about the US economy. As the pound strengthened, the dollar dropped sharply.


Three factors that could greatly influence the GBP/USD currency pair in 2017 include


The US federal government’s interest rate policies, the brexit decision, and the performance of the US economy under the new leadership of president donald trump.


The US federal government has hinted at the possibility of three interest rate hikes during 2017. Increased US interest rates will favour investment in that country which will trigger increased demand for the US dollar, all other things remaining equal. President trumps’ immigration and trade policies are likely to trigger inflation and growth in wages.


More clarity on the fundamental impacts on the currency pair will be gained as the year progresses.


Why choose XTB
for trading GBP/USD?


XTB scored best in our review of the top brokers for trading gbp/usd, which takes into account 120+ factors across eight categories. Here are some areas where XTB scored highly in:



  • 16+ years in business

  • Offers 1,500+ instruments

  • A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps


XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade GBPUSD


The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.


XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16


Trust score comparison


XTB avatrade pepperstone
trust score AAA AAA AAA
established in 2002 2006 2010
regulated by financial conduct authority central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI financial conduct authority,UK and ASIC
uses tier 1 banks
company type private private private
segregates client funds

A comparison of XTB vs. Avatrade vs. Pepperstone


Want to see how XTB stacks up against avatrade and pepperstone? We’ve compared their spreads, features, and key information below.



GBP/USD forex signal: very bullish above 1.3710


Latest news

Dax index forecast: february 2021

USD/INR forecast: february 2021

EUR/USD forecast: choppy and sideways trading

S&P 500 forecast: bounces from 50 day EMA

The technical picture has become much more bullish, as riskier currencies such as the pound have all strengthened against a weaker U.S. Dollar over the previous day.


Last tuesday’s GBP/USD signals produced a losing short trade from the apparent bearish reversal at 1.3621.


Today’s GBP/USD signals


Trades must be taken between 8am and 5pm london time today only.


Short trade ideas



  • Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.3759 or 1.3822.



  • Place the stop loss 1 pip above the local swing high.

  • Move the stop loss to break even once the trade is 20 pips in profit.

  • Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.


Long trade ideas



  • Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.3667 or 1.3621.



  • Place the stop loss 1 pip below the local swing low.

  • Move the stop loss to break even once the trade is 20 pips in profit.

  • Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.


The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.


GBP/USD analysis


I wrote last tuesday that bulls were failing to push the price beyond the key resistance level at 1.3621, which looked pivotal, so the upside may be limited. However, I doubted that we would see a lot of downwards movement, so I thought it wisest to stand aside from trading this currency pair for the day.


This was a good and accurate forecast as the price rose over the day, but not by much.


The technical picture has become much more bullish, as riskier currencies such as the pound have all strengthened against a weaker U.S. Dollar over the previous day.


The british pound is one of the relatively strong major currencies. Yesterday it managed to trade above the round number at 1.3700 and briefly hit a new 2.5-year high price, which is a bullish sign.


There is a long-term bullish trend, although the trend is moving relatively slowly.


Yesterday saw a release of british inflation data which came in a little higher than expected. This is probably not a major driver of the price but might be adding a little momentum to the rise in the pound as it strengthens the fundamental case against cutting interest rates any further.


The price has room to rise if it can clear the area of recent inflective swing highs just above the current price. If we get two consecutive hourly closes above 1.3704 during the first half of the london session, I will take a bullish bias until 1.3750.

GBPUSD
There is nothing of high importance scheduled today regarding either the GBP or the USD.





So, let's see, what we have: if you trade GBP/USD "cable" pair online, you may want a broker with tight spreads on this currency pair. In this up-to-date comparison, we've compared the GBP/USD spreads (as of january 2021) of some of the top online forex brokers, including avatrade, plus500 & etoro for you to decide which broker is best for you. At gbp forex brokers

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