Which UK forex trading platform/company is a good one?

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This topic contains 13 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years ago.

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  • #56829
    Profile photo of Anonymous
    Anonymous
    Participant

    I have followed the forums here and like them very much.

    I would like to ask :

    Which UK forex trading platform/company is a good one? I have searched the internet and found many forex trading platforms but do not know which one is more reliable.

    Thanks in advance for any help or suggestion.

  • #108825
    Profile photo of Anonymous
    Anonymous
    Participant

    http://www.currencyfair.com/

    In my opinion is excellent. I discovered them about 6 months ago and now transfer smaller amounts to pay my Spanish bills as opposed to sufficient money to last 6~8 months.

    The transfer fee is 3 Euros as opposed to my bank which was charging £25 a pop.

    The exchange rate is the closest you will get to the bank rate as it’s a peer to peer exchange.

    At this instant bank rate is 1.2504 currencyfair will give you 1.2464

  • #108981
    Profile photo of Anonymous
    Anonymous
    Participant

    http://www.currencyfair.com/

    In my opinion is excellent. I discovered them about 6 months ago and now transfer smaller amounts to pay my Spanish bills as opposed to sufficient money to last 6~8 months.

    The transfer fee is 3 Euros as opposed to my bank which was charging £25 a pop.

    The exchange rate is the closest you will get to the bank rate as it’s a peer to peer exchange.

    At this instant bank rate is 1.2504 currencyfair will give you 1.2464

  • #108830
    Profile photo of Anonymous
    Anonymous
    Participant

    @jp1 wrote:

    http://www.currencyfair.com/

    In my opinion is excellent. I discovered them about 6 months ago and now transfer smaller amounts to pay my Spanish bills as opposed to sufficient money to last 6~8 months.

    The transfer fee is 3 Euros as opposed to my bank which was charging £25 a pop.

    The exchange rate is the closest you will get to the bank rate as it’s a peer to peer exchange.

    At this instant bank rate is 1.2504 currencyfair will give you 1.2464

    Thank you “jp1”! The rate sounds great, I did not know that it could get so close! Well you seem to have saved me some money if some day I exchange the currecies. Thank you again!
    By the way, I just checked the site and it seems that one cannot trade CFDs there. Do you happen to know as well which UK company/platform is a good one for forex brokers? Thanks.

  • #108991
    Profile photo of Anonymous
    Anonymous
    Participant

    @jp1 wrote:

    http://www.currencyfair.com/

    In my opinion is excellent. I discovered them about 6 months ago and now transfer smaller amounts to pay my Spanish bills as opposed to sufficient money to last 6~8 months.

    The transfer fee is 3 Euros as opposed to my bank which was charging £25 a pop.

    The exchange rate is the closest you will get to the bank rate as it’s a peer to peer exchange.

    At this instant bank rate is 1.2504 currencyfair will give you 1.2464

    Thank you “jp1”! The rate sounds great, I did not know that it could get so close! Well you seem to have saved me some money if some day I exchange the currecies. Thank you again!
    By the way, I just checked the site and it seems that one cannot trade CFDs there. Do you happen to know as well which UK company/platform is a good one for forex brokers? Thanks.

  • #108833
    Profile photo of marios
    marios
    Participant

    I use them all the time and quick transfers as well about 24-36 hrs

  • #108997
    Profile photo of marios
    marios
    Participant

    I use them all the time and quick transfers as well about 24-36 hrs

  • #108834
    Profile photo of Anonymous
    Anonymous
    Participant

    @Palmpal wrote:

    Thank you “jp1”! The rate sounds great, I did not know that it could get so close! Well you seem to have saved me some money if some day I exchange the currecies. Thank you again!
    By the way, I just checked the site and it seems that one cannot trade CFDs there. Do you happen to know as well which UK company/platform is a good one for forex brokers? Thanks.

    LOL!!!

    I assumed you were looking for FX for Spanish Bills

    http://www.igindex.com is an excellent platform for currency speculation, they also offer trading CFD’s but I have only ever traded currencies and equities with them.

    Not sure what your really meant by…

    “Do you happen to know as well which UK company/platform is a good one for forex brokers?”

  • #108999
    Profile photo of Anonymous
    Anonymous
    Participant

    @Palmpal wrote:

    Thank you “jp1”! The rate sounds great, I did not know that it could get so close! Well you seem to have saved me some money if some day I exchange the currecies. Thank you again!
    By the way, I just checked the site and it seems that one cannot trade CFDs there. Do you happen to know as well which UK company/platform is a good one for forex brokers? Thanks.

    LOL!!!

    I assumed you were looking for FX for Spanish Bills

    http://www.igindex.com is an excellent platform for currency speculation, they also offer trading CFD’s but I have only ever traded currencies and equities with them.

    Not sure what your really meant by…

    “Do you happen to know as well which UK company/platform is a good one for forex brokers?”

  • #108845
    Profile photo of Anonymous
    Anonymous
    Participant

    LOL!!!

    I assumed you were looking for FX for Spanish Bills

    http://www.igindex.com is an excellent platform for currency speculation, they also offer trading CFD’s but I have only ever traded currencies and equities with them.

    Not sure what your really meant by…

    “Do you happen to know as well which UK company/platform is a good one for forex brokers?”
    ========================================================================

    Many thanks! You answered my question very well even though I did not ask clearly. The truth is that I did not know what it meant myself as the information is for somebody else. As I was told by him: ” If they trade currencies, they know what site is a good one and they can pick out one”. Anyway now the information now is being passed to him and I am very grateful for your help. Thank you very much.

  • #109020
    Profile photo of Anonymous
    Anonymous
    Participant

    LOL!!!

    I assumed you were looking for FX for Spanish Bills

    http://www.igindex.com is an excellent platform for currency speculation, they also offer trading CFD’s but I have only ever traded currencies and equities with them.

    Not sure what your really meant by…

    “Do you happen to know as well which UK company/platform is a good one for forex brokers?”
    ========================================================================

    Many thanks! You answered my question very well even though I did not ask clearly. The truth is that I did not know what it meant myself as the information is for somebody else. As I was told by him: ” If they trade currencies, they know what site is a good one and they can pick out one”. Anyway now the information now is being passed to him and I am very grateful for your help. Thank you very much.

  • #109352
    Profile photo of Anonymous
    Anonymous
    Participant

    http://www.xe.com

    I tried to figure out if it is available in the UK, but can’t tell from here, but we have used xe.com (a Canadian firm) for years, successfully transferring funds between the US, Germany and Spain. They have the best exchange rates we have found (spot rates are only in the trading section, not on the main page).

    They also offer currency trading, which we have never had the courage to use.

    Good luck!

  • #109403
    Profile photo of Anonymous
    Anonymous
    Participant

    @Carey wrote:

    http://www.xe.com

    I tried to figure out if it is available in the UK, but can’t tell from here, but we have used xe.com (a Canadian firm) for years, successfully transferring funds between the US, Germany and Spain. They have the best exchange rates we have found (spot rates are only in the trading section, not on the main page).

    They also offer currency trading, which we have never had the courage to use.

    Good luck!

    Thank you very much for your advice!

  • #113421
    Profile photo of Anonymous
    Anonymous
    Participant
    jp1 wrote:
    http://www.currencyfair.com/

    Thank you and “marios” again, I have used it now for a small transfer and like the service.

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