Newest forex brokers

Who are the market’s newest currency brokers? New forex brokers are reviewed here and the last 10 are shown here. But what is the benefit of a new forex broker? Well, often new regulated brands in forex trading have a higher level of innovation and optimal design for all units. Most of the UK market’s new forex brokers have also realised that regulation from the UK is a requirement from the majority of all serious customers.

The top list below is sorted by the date of all reviews of the forex brokers listed on ForexTrading.uk. Normally, we try to post reviews as soon as a new company is released. But sometimes it takes longer or the rules have recently changed for the UK. See the top list below of brand new forex brokers worth trying.

How many new currency brokers are there in the UK?

It depends on how you measure or what you count as a forex broker. Are companies included that only have a couple of currency pairs, but mostly focus on shares or stock indices with CFDs? Normally these are included by us. Are companies that specialise in mobile forex trading included? Yes, these are also included, as long as there is a decent selection of currencies and not only cryptocurrencies that can be traded – because then they are excluded from the list and are instead counted in the category of crypto brokers.

What are the benefits of new forex brokers?

Of course, it is always interesting following new alternatives in the market for forex trading. Often, the market’s latest players have decided to improve something that is not optimal today. Therefore, it is always interesting to look at what is offered from the slightly newer currency brokers.

Innovative new forex brokers are a rule rather than an exception. To do something new and have the guts to release such a large investment as a new currency broker entails, innovation and substantial capital are required.

Most also have an UK license, which is a great advantage. No matter how much you trade or bet, it will always be a huge advantage to choose one of the most reputable new forex brokers. We always try to eliminate the worst ones – by giving them ratings in the bottom of our top list and low exposure on ForexTrading.uk.

Almost all new forex brokers allow you to try a free demo account. You get started with a demo account for forex trading in a few minutes and can then quickly discover if it is worth continuing or switching to another, better site. It is often a good idea to try a demo account before signing up for real money trading.

Disadvantages with new forex brokers

Some brand new forex brokers begin in a rather small scale, building up their name slowly, waiting to be taken seriously. Others have been a round a couple of years, but it’s still not so much history to look at for the company. That’s why we always try to put some extra focus on the founders of the company and the owners behind, which makes it easier to understand who you are dealing with.

Why don’t most new forex brokers have an app?

Responsive design is today more or less standard and when a website has it, apps are not needed to the same extent. Many of the market’s major platforms for forex trading today don’t have apps. This goes a bit in waves so companies that already have it rarely shut down their apps, but also only do minimal support through the apps. For that reasons, we still think that forex trading can easily be conducted with or without a forex app – depending on your preferences.

Is it clear where the license comes from?

A UK license gives you as a trader an extremely large advantage compared to companies that are only licensed from the Caribbean, Australia or any African island. With a UK license, your currency broker may not keep money in the same account that they use for current expenses . Instead, all the money you made for the deposit must be in a segregated account, which means that even if the company goes bankrupt, you will get your money back.

At the same time, the UK’s regulations are created to protect traders from Great Britain. If a currency broker were to be untrustworthy, they will be quickly suspended, as happened with Investous earlier this year.

You must realize that you are heading into dangerous water if you can not clearly, quickly and easily see references to where the company is licensed. Never start trading with new currency brokers without a license. Then you can just as easily throw the money into the lake. The reason is that they are not legally guilty if something goes wrong as they do not have a UK license.

Has the new currency broker hidden key terms?

Of course, we always give lower rating to forex brokers who hide their terms and conditions. This is of course prohibited with tightly regulated currency brokers from the UK, Malta or Cyprus – but the regulations are different outside Europe.

What does their customer support say?

Sometimes a brand new customer support may need to train a little more before they become professional enough. One of the first things we always test when reviewing is how customer support answers some simple questions. How fast is it going? Is that an evasive answer? Do they really know what you are asking? If something does not feel right, it is important to choose another currency broker instead. Always check out our ratings for customer support, so you do not have to waste time on useless support and can instead register for a new and professional site with fast and knowledgeable support.

Too many instruments: difficult to choose?

A well-known problem among many new forex trading brokers is either the huge range, or the very limited range. You have everything from a wide range of commodities to exotic currency pairs and stocks with CFDs on one platform. The record is probably held by IG, which has over 17,000 instruments – but the company is of course not new but has been around for just over 45 years, and in some ways might need a little update when it comes to user friendliness, products and innovation. Sometimes it is simply difficult to choose, with so many options. We usually recommend that you carefully go through the reviews and check the ratings to clearly find suitable alternatives. Another idea is to not deposit more than a few 100 GBP initially while you test and then expand as you appreciate an alternative.

How many new forex brokers will be released in 2021?

It is likely that the market for new brokers in the foreign exchange market will be slightly slower in 2021 compared to before Brexit was announced.

Probably at least 10 new sites will be added to ForexTrading.uk in 2021, despite the fact that we already have a decent selection of reviews. Normally, not many downloadable platforms are released during the summer, although Skilling’s integration with MT4 was an exception. Both autumn, spring and winter – with the exception of the month around Christmas – are usually good seasons for launching fresh forex sites. We can guarantee that you will see reviews of all new currency brokers with us, here on this page.

Which sites will Forex Trading not include?

Newly built websites without a UK license will never be displayed at ForexTrading.uk, since we are focused on the British market. You should also not consider signing up for any of the non-licensed, since the risk to loose you money is high and you may stand there without any legal options. Likewise, we will not make reviews of unreliable new forex brokers, who we do not trust or who have a bad track record – unless we make it very clear in the review that it’s a broker to be careful about.

What will the specialists in Forex Trading look for in 2021?

As always, it is important to have a wide range of instruments, a good user experience, fast and friendly support, license from the FCA in UK, plenty of payment options and fast payouts for larger winnings.

Should I sign up for several new forex brokers?

Many of our loyal customers use several different sites, for one or more reasons. One reason may be to be able to be more flexible, as some brokers are specialists in certain instruments or have a larger range, lower spreads or faster trades on some currency pairs, commodities or stocks. We strongly encourage our visitors to try a few different options because you never know what you like best before trying.

Are there sites where I can not register??

We assume that you live in the UK and all forex brokers with us, both new and established, allow British customers. If you notice that any brand has recently changed its rules, please contact us.

Is my personal information secure?

All old and new sites that work with forex trading in the UK follow strict rules for how they must handle sensitive information. In addition to the fact that all personal information must be stored in a secure place to protect against hackers, many operators use many extra strong solutions to protect their customers’ data.

Do I still need flash for new forex brokers?

No, flash has stopped working on most sites in 2021 and even if a single player has used it before, many have long since switched to more modern solutions that go faster and eliminate the need to download flash. All sites that we recommend have no requirement for flash for it to work.