All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Compare forex trading platforms
Take a closer look at UK forex brokers and find the right one for you.
Trade foreign currency pairs with a forex trading platform. Compare various accounts and find the one you feel has the greatest potential for making profits.
Compare forex trading options
What does forex mean?
‘Forex’ is short for foreign exchange. The foreign exchange uses exchange rates to calculate the value of one currency against another.
For example, the exchange rate between GBP and USD isLoading GBPUSD rate
. This means that for every £1 you can get $Loading GBPUSD rate
. This also shows that the pound is worth more than the US dollar.
What is forex trading?
Forex trading pairs two currencies together, with the trader predicting which will be worth more after a given period. The two currencies are referred to as the base currency and the counter currency.
After you’ve set up an account you’ll be able to browse for shares to buy. You can select to purchase shares based on quantity, or based on value. Once you’ve purchased your shares, they will appear in your portfolio.
It goes without saying that online share trading platforms need to make money. The main way they do this is through various fees and charges.
Here’s a list of some of the ones to look for:
- Account fee: This charge might be monthly or annually.
- Inactivity fee: Some platforms will charge you if you stop trading, but this is a decreasing trend as more providers compete for customers.
- Price per trade: This is what it sounds like. The more often you trade, the more likely you’ll get a discount on this.
- Stamp duty: UK shares incur 0.5% stamp duty.
How do I choose the right platform?
When deciding on a share dealing broker/platform, keep in mind the following:
- How regularly you plan on buying and selling shares
- How much you want to spend on shares
Frequently asked questions
More guides on Finder
The 7 best stock trading apps and platforms in the UK
We’ve taken a look at some of the best trading apps in the UK and explained who they’re best suited to. Our table compares fees and services too.
Finder’s Bitcoin Predictions Report: December 2020
We asked 47 experts for their cryptocurrency price predictions and took a deep dive into the Bitcoin price rally.
Porsche Cayman insurance group
Find out which insurance group the Porsche Cayman falls under and how much it costs to insure.
Porsche 911 insurance group
Find out which insurance group the Porsche 911 falls under and how much it costs to insure.
Limited company loans
See how to get a business loan as a limited company in the UK, and how much you can borrow.
Sole trader loans
Find out how to get a loan if you work for yourself, including which lenders offer business loans for sole traders.
IPO vs direct listing: What’s the difference?
Find out the difference between an IPO vs direct listing when companies choose to float on a stock exchange. We’ve compiled the key differences between the two.
Best Dogecoin (DOGE) wallets
An in-depth guide to the best wallets for storing Dogecoin (DOGE), and how to choose the right wallet for your needs.
Mercedes-Benz SLK insurance group
Find out which insurance group the Mercedes-Benz SLK falls under and how much it costs to insure.
Mitsubishi FTO insurance group
Find out which insurance group the Mitsubishi FTO falls under and how much it costs to insure.