There are a number of UK brokers that offer trading in options. However, not all of them are created equal, and traders must determine which one is right for them. A few examples of good brokers include AvaTrade, a CFD Regulated broker that offers a welcome bonus of 20% up to $10,000 and a free demo account with a $100,000 balance. Although AvaTrade is not suitable for traders from the US, New Zealand, Belgium, and some other countries, the platform does offer a minimum deposit of $100, no withdrawal limit, and no fees.
Saxo Bank is one of the UK’s leading brokers for trading options. Their Capital Market platform offers tight spreads and competitive commissions. For example, their EUR/USD spread is only 0.6 pip, while their GBP/USD spread is only 0.7 pip. They also accept Bitcoin and Ethereum as currency options. You can also get VIP pricing, which lowers the spread even further. In addition, Saxo Bank doesn’t charge a fee for trading in mutual funds. However, you need to provide a valid ID to open a trading account. Depending on your country of residence, this may include a national identity card, driver’s license, or utility bill. You can also provide proof of residency through a utility bill or bank statement.
Saxo Bank’s Capital Market is a licensed firm in the UK and has a Financial Services Compensation Scheme. It also has several subsidiaries in various jurisdictions around the world. The UK is home to the Financial Conduct Authority (FCA), which regulates UK brokers. The FCA also provides financial services compensation to UK clients who lose money.
XTB is a broker that offers trading options for the UK market. The broker allows traders to speculate on the direction of stocks in the short term. There are no minimum deposit requirements, but clients must verify their identity. This can be done via video chat or uploading a photo ID. The company offers protection up to 85,000 GBP for the client’s funds.
XTB is registered with the Financial Conduct Authority, a government-backed organization that oversees financial companies and ensures fair market practices. Traders accept the risk inherent in markets, but they want to be assured that their broker is regulated and backed by a credible government agency.
XTB offers a range of trading options, from CFDs to stocks. This means you can find a market to suit your needs. XTB provides a wealth of information and research, including an economic calendar and historical data. It has a limited range of trading platforms, but its charting tools are good. They allow you to save and edit charts, and they feature 39 technical indicators. XTB also provides news and information from their research team.
You can find a variety of products on the City Index web trading platform, and its search functionality allows you to find what you’re looking for quickly. You can browse by product category or asset name, or even set alerts and notifications. You can also customize the platform and view reports and history with ease. While the City Index web trading platform is not as comprehensive as some rivals’, it’s still quite easy to use.
City Index offers 24 hour support, which makes it easy to find answers to questions about the trading platform. You can contact their help desk, e-mail them, or even use the live chat feature. There’s a lot of educational material on their website, including high-quality videos, articles, and webinars. Additionally, the company has a YouTube channel that features short market analysis videos. Although City Index doesn’t offer bonuses, it does offer a few benefits to their professional traders.
Another plus of City Index brokers is that they offer both real and demo accounts. A demo account is free and doesn’t involve any financial risk. In addition, the firm offers a PS1,000 bonus, credited to your trading turnover. However, this bonus is not applicable to bonuses you may earn through other means.
Saxo Markets are a leading provider of financial services, including options trading. Their services include trading, options research and trading education. They are regulated in several jurisdictions and are committed to protecting the funds of their clients. For example, they hold client funds in segregated accounts at regulated banks. Furthermore, they are covered by FSCS, which ensures their clients’ assets are safe.
Saxo Bank charges a commission on each trade, which is generally volume-based. This means that the more you trade, the lower your commission. Moreover, a standard commission of 0.005% only applies to the first $50 million you trade in a month. Forex is usually traded on margins. Different brokerage firms have different leverages, which determine the amount of money you can risk. Saxo Bank’s leverage terms are based on a tiered margin methodology and serve as a protective measure against market volatility. Their maximum leverage is 1:30.
Saxo Markets have several types of accounts, including ISAs, joint accounts, corporate and trust accounts. The cost of a basic account is PS1,500. Depending on the tier you have, you can also set up a corporate, SIPP, or trust account. While there are no direct dealing desk numbers, the support page does offer a number of ways to contact the broker.