Forex Trading Tax UK for 2022
We found 11 online brokers that are appropriate for Trading UK Forex Investment Platforms.
Forex Trading Tax UK Guide
Updated August 13, 2022
Forex Trading Tax UK
It is important to understand the taxation element of trading Forex in the United Kingdom. The profit attracts income tax and traders need to keep track of what amount is likely to be deducted from their earnings. In this article titled Forex Trading Tax UK, we will provide an ultimate guide to tax law in the Forex industry in the UK.
Tax responsibilities in the UK income tax law have variations and Forex traders should know about these. Let us have a look at cases where income is subject to taxation and when it is not.
The tax year in the UK in 2021-22 is from April 6 to April 5. There is no tax for up to 12,500 pounds on personal allowance or income.
Before we proceed, we should note that the Forex trading tax in the UK is trader friendly. Three significant aspects need to be taken care of - how the trading activities are treated, how the HMRC records the status of a trader and what are the types of traded instruments.
Forex Trading Tax UK - Status
It is important to know how the HMRC treats the trading activities of a trader. Below are the classifications of trading activities:
Speculative Trading
Speculative trading is classified as betting activities and gains earned are not subject to capital gains tax, business tax or income tax. Hence, the profit is not taxed.
Self-Employed Trading
Such trading attracts business tax as a trader is classified as self-employed in this case.
Private Investor
The profits earned here are subject to Capital Gains Tax.
Forex Trading Tax UK - Instrument Types
The tax depends on the instrument types. Forex trading can be categorized under spread betting or Contract For Difference (CFD).
The UK tax law exempts profits earned from spread betting. A trader speculates the price movement of a currency pair based on the prices offered by the broker without owning the asset. However, there is a downside of spread betting. There is no way to claim losses against other personal income.
No stamp duty is applied spread betting as it is trading a form of a derivative instrument. The duty is paid by the brokers.
In CFD trading a capital gains tax is levied on the earned gains. The tax rate in the current financial year is 10 percent if the total income is less than 50,000 pounds. Beyond the 50,000 pound slab, the tax rate is 20 percent. However, there is a tax allowance of 12,000 pounds.
Full-Time vs Part-Time Trader Income
The two types of traders differ. One trades for a living while the other trades part-time.
For part-timers, Forex trading is considered a secondary source of income. Such activities are tax-free. For a full-time trader, the earnings are subject to income tax as it is the primary source of income for the trader.
Cryptocurrency Trading Tax UK
Earnings from cryptocurrency are subject to taxes in the UK. Capital Gains Tax is levied when a trader sells the digital currencies for money, uses the currencies to buy assets and services, or exchanges one with another.
The gains earned here represent the difference between buy and sale prices. The tax is similar to CFD and a framework has been implemented by the HMRC for business houses and individuals dealing with digital currencies.
Bitcoin mining is a taxable activity if the value of mined coins is above 1,000 pounds. However, expenses on mining equipment and electricity can be claimed.
Forex Trading Tax UK Verdict
The tax frame for Forex traders in the United Kingdom is decent and friendly. The upcoming tax year is from 6th April 2021 to 5th April 2022. In this article titled Forex Trading Tax UK, we explained in detail some of the significant features of the taxes levied on Forex trading.
According to HMRC, Forex traders are classified as Speculative Trading, Self-Employed Trading or Private Investors. The type of tax depends on the type of traded instrument, for instance spread betting earnings are taxed differently to CFD earnings. Moreover, part-time traders enjoy tax-free earnings while the profits made by a full-timer are subject to income tax.
Earnings made from Bitcoin and other cryptocurrencies are taxed in the UK. The trader pays Capital Gains Tax.
This article is just a snippet, and for more information traders are advised to seek advice from a tax consultant professional. It is best to understand accurately the tax on earnings and what the deductions are due to expenses or investments.
We've collected thousands of datapoints and written a guide to help you find the best Forex Trading Tax UK for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best UK Forex Investment Platforms below.
Reputable Forex Trading Tax UK Checklist
There are a number of important factors to consider when picking an online UK Forex Investment Platforms trading brokerage.
- Check your UK Forex Investment Platforms broker has a history of at least 2 years.
- Check your UK Forex Investment Platforms broker has a reasonable sized customer support of at least 15.
- Does the UK Forex Investment Platforms 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 UK Forex Investment Platforms broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your UK Forex Investment Platforms broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your UK Forex Investment Platforms 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 UK Forex Investment Platforms.
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 UK Forex Investment Platforms.
- 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 UK Forex Investment Platforms of 2022 compared
Here are the top UK Forex Investment Platforms.
Compare UK Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are UK Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK Forex Investment Platforms that accept UK Forex Investment Platforms clients
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
XTB
|
XM
|
Pepperstone
|
FP Markets
|
Trading212
|
Plus500
|
EasyMarkets
|
| Rating | |||||||||||
| 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) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
| Min Deposit | 10 | 200 | 1 | 100 | No minimum deposit | 5 | 200 | 100 | 1 | 100 | 100 |
| Funding |
|
|
|
|
|
|
|
|
|
|
|
| Used By | 27,000,000+ | 180,000+ | 10,000+ | 300,000+ | 250,000+ | 3,500,000+ | 89,000+ | 10,000+ | 15,000,000+ | 15,500+ | 142,500+ |
| Benefits |
|
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
|
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
| Support |
|
|
|
|
|
|
|
|
|
|
|
| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with plus500 |
Sign
Up with easymarkets |
| Risk Warning | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 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. | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk |
| Demo |
eToro Demo |
IC Markets Demo |
Roboforex Demo |
AvaTrade Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
easyMarkets Demo |
| Excluded Countries | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE |
eToro Risk Disclosure
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
All UK Forex Investment Platforms in more detail
You can compare UK Forex Investment Platforms 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 UK Forex Investment Platforms for 2022 article further below. You can see it now by clicking here
We have listed top UK Forex Investment Platforms below.
Forex Trading Tax UK Table of Contents
- Forex Trading Tax UK Explained
- 6 Factors to Consider when Choosing Forex Trading Tax UK
- Are Your Forex Trading Tax UK Trusted And Established?
- Are The Forex Trading Tax UK World Leading?
- What are the Forex Trading Tax UK Commissions and Fees?
- What are the Forex Trading Tax UK Funding and Withdrawl Methods?
- Find Forex Trading Tax UK with Round-the-clock support?
- Make sure the Forex Trading Tax UK Offer Comprehensive Trader resources?
- Why Forex Trading Tax UK needs to be regulated?
- Forex Trading Tax UK FAQ
- What are the best UK Forex Investment Platforms brokers?
- What is the best UK Forex Investment Platform broker?
- Related Forex Trading Tax UK Reviews
- Related Forex Trading Tax UK Alternatives
- Related Forex Trading Tax UK Comparisons
Forex Trading Tax UK Explained
Trading the financial markets with Forex Trading Tax UK 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 Trading Tax UK is the platform that a Forex Trading Tax UK offer.
Choose Forex Trading Tax UK that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Forex Trading Tax UK that you can rely on.
6 Factors to Consider when Choosing Forex Trading Tax UK
Follow these five rules for selecting a broker that's right for you:
Are Your Forex Trading Tax UK 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 Trading Tax UK broker is eToro. Established in 2007, and in operation for 14 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
|
Roboforex
|
AvaTrade
|
XTB
|
XM
|
Pepperstone
|
FP Markets
|
| Year Established | 2007 | 2007 | 2009 | 2006 | 2002 | 2009 | 2010 | 2005 |
| Head Office | Cyprus, UK | Australia | Cyprus | Ireland | Poland | Cyprus | Australia | Australia |
| 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) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 27,000,000+ | 180,000+ | 10,000+ | 300,000+ | 250,000+ | 3,500,000+ | 89,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | No | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit Roboforex | Visit AvaTrade | Visit XTB | Visit XM | Visit Pepperstone | Visit FP Markets |
| Risk Warning | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits |
Are The Forex Trading Tax UK 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, the eToro platform enables access to a variety of financial markets worldwide. 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 Trading Tax UK is IC Markets. IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
XTB
|
XM
|
Pepperstone
|
FP Markets
|
| Instruments Available | 2000 | 232 | 100 | 1250 | 4000 | 1000 | 1200 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | ZA, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, PY, HN, GT, PR, NI, VG, AN, | US | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | 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, CA, IL, KR, IR, MM, CU, SD, SY, PT | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, JP, NZ |
| Forex pairs offered | 50 | 65 | 35 | 55 | 57 | 55 | 70 | 60 |
| Forex pairs offered | 50 | 65 | 35 | 55 | 57 | 55 | 70 | 60 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 31 | 19 | 21 | 17 | 21 | 15 | 16 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | Yes | Yes | No | Yes | Yes |
| Stocks Offered | 2042 | 110 | 0 | 1000 | 1696 | 160 | 1100 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Forex Trading Tax UK Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex Trading Tax UK 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 10.
Another top rated Forex Trading Tax UK 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
|
Roboforex
|
AvaTrade
|
XTB
|
XM
|
Pepperstone
|
FP Markets
|
| Min Deposit | 10 | 200 | 1 | 100 | 0 | 5 | 200 | 100 |
| Withdrawl Fees | Yes | No | Yes | No | varies | No | No | No |
| Inactivity Fees | Yes | No | No | No | Yes | Yes | No | No |
| Deposit Fees | No | Varies | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | Yes | No | No | Yes | No | Yes | Yes |
What are the Forex Trading Tax UK Funding and Withdrawal Methods?
When dealing with Forex Trading Tax UK having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
XTB
|
XM
|
Pepperstone
|
FP Markets
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes | Yes | No | Yes | Yes |
| Skrill | Yes | Yes | No | No | Yes | No | Yes | Yes |
| Payoneer | No | No | Yes | Yes | Yes | No | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Trading Tax UK with Round-the-clock support?
Customer service is very important when dealing with Forex Trading Tax UK.
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 Trading Tax UK 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.
| Broker |
eToro
|
IC Markets
|
Roboforex
|
AvaTrade
|
XTB
|
XM
|
Pepperstone
|
FP Markets
|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese |
| Learn More | Visit eToro | Visit IC Markets | Visit Roboforex | Visit AvaTrade | Visit XTB | Visit XM | Visit Pepperstone | Visit FP Markets |
| Risk Warning | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits |
Make sure the Forex Trading Tax UK 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 Forex Trading Tax UK needs to be regulated?
A regulated Forex Trading Tax UK broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Forex Trading Tax UK 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 Trading Tax UK List
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Zero account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
78% of retail investor accounts lose money when trading CFDs with this provider.