Trading GBP/DKK

The exotic GBP/DKK pair can offer profitable opportunities for UK traders, though it can also present some challenges. Before you begin your GBP vs DKK price forecast on a live chart, it’s worth considering the pros and cons below. We’ve also covered the history of the two currencies, plus some of the best exchange rate analysis techniques and trading tips.

GBP/DKK Trading Brokers

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Found 207 Brokers
Plus500 Offer forex trading via CFDs with tight variable spreads and a range of well over 70 currency pairs. Free Unlimited Demo Account.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
70+
FCA Regulated
Yes
MT4 Integration
No
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
GBPUSD Spread
2.39 pips (Ave)
EURUSD Spread
1.58 pips (Ave)
GBPEUR Spread
1.74 pips (Ave)
Total Assets
70+
FCA Regulated
Yes
MT4 Integration
Yes
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
GBPUSD Spread
1.6 pips (var)
EURUSD Spread
1.1 pips (var)
GBPEUR Spread
1.3 pips (var)
Total Assets
70+
FCA Regulated
Yes
MT4 Integration
Yes
Deriv.com are a new brokerage, offering options and CFDs on a simple, reliable, flexible platform. Get access to volatility indexes exclusively at Deriv.
GBPUSD Spread
From 0.5
EURUSD Spread
From 0.5
GBPEUR Spread
From 0.5
Total Assets
FCA Regulated
MT4 Integration
No
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
GBPUSD Spread
1.7 pips
EURUSD Spread
1.2 pips
GBPEUR Spread
1.3 pips
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Use digital options to take straightforward buy and sell positions on a range of currencies.
GBPUSD Spread
N/A
EURUSD Spread
N/A
GBPEUR Spread
N/A
Total Assets
27
FCA Regulated
MT4 Integration
No
Trade on close to 20 currency pairs, including crypto pairs. 'Covest' and follow experienced traders.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
18
FCA Regulated
MT4 Integration
No
Trade FX pairs with tight spreads & leverage.
GBPUSD Spread
1.5
EURUSD Spread
1.6
GBPEUR Spread
1.5
Total Assets
40+
FCA Regulated
Yes
MT4 Integration
No
FXTM offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN account types.
GBPUSD Spread
0.3 (var)
EURUSD Spread
0.1 (var)
GBPEUR Spread
0.2 (var)
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
Pepperstone offers spreads from 0.0 pips on the Razor account and have almost 61+ pairs available to trade. Lots start at 0.01.
GBPUSD Spread
0.59 pips (Via Razor)
EURUSD Spread
0.09 pips (Via Razor)
GBPEUR Spread
0.49 pips (Via Razor)
Total Assets
180
FCA Regulated
Yes
MT4 Integration
Yes
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets. Great choice for serious traders. ASIC regulated.
GBPUSD Spread
0.5 pips
EURUSD Spread
0.1 pips
GBPEUR Spread
0.5 pips
Total Assets
56+
FCA Regulated
MT4 Integration
Yes
FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and South Africa.
GBPUSD Spread
0.5 pips var*
EURUSD Spread
0.2 pips var*
GBPEUR Spread
0.5 pips var*
Total Assets
40
FCA Regulated
Yes
MT4 Integration
Yes
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
GBPUSD Spread
1.3 var (MT5)
EURUSD Spread
0.9 (MT4)
GBPEUR Spread
1.5 (MT4)
Total Assets
81+
FCA Regulated
MT4 Integration
Yes
Trade over 70 pairs and keep trading costs to a minimum, with tight spreads or the lowest commissions with Fusion
GBPUSD Spread
0.64 (Ave)
EURUSD Spread
0.12 (Ave)
GBPEUR Spread
0.62 (Ave)
Total Assets
70+
FCA Regulated
MT4 Integration
Yes
CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). They offer competitive spreads on a global range of assets via a next generation platform.
GBPUSD Spread
0.9
EURUSD Spread
0.7
GBPEUR Spread
1.1
Total Assets
300+
FCA Regulated
Yes
MT4 Integration
Yes
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
GBPUSD Spread
1.6 pips
EURUSD Spread
1.3 pips
GBPEUR Spread
1.6 pips
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
A regulated bank, Saxobank offer CFD, Stocks and Forex trading on 35,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
GBPUSD Spread
0.7 (varies by region)
EURUSD Spread
0.2 (varies by region)
GBPEUR Spread
0.6 (varies by region)
Total Assets
40+
FCA Regulated
Yes
MT4 Integration
Yes
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.
GBPUSD Spread
2 pips
EURUSD Spread
1.2 pips
GBPEUR Spread
1.2 pips
Total Assets
33
FCA Regulated
Yes
MT4 Integration
No
Trade major, minor & exotic currency pairs
GBPUSD Spread
From 1.8
EURUSD Spread
From 1.8
GBPEUR Spread
From 1.8
Total Assets
50
FCA Regulated
MT4 Integration
Yes
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments from two platforms: its own award-winning xStation 5 and the traditional MT4.
GBPUSD Spread
0.1 pip
EURUSD Spread
0.2 pips var
GBPEUR Spread
0.1 pips
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
XM.com deliver ultra low spreads across a huge range of Forex markets. Flexible lot sizes, and Micro and XM Zero accounts accommodate every level of trader.
GBPUSD Spread
2.1 pips (var)
EURUSD Spread
1.6 pips (var)
GBPEUR Spread
2 pips (var)
Total Assets
55+
FCA Regulated
Yes
MT4 Integration
Yes
Forex.com are a leading forex broker. Offering the largest range of currency pairs (80+) and some of the tightest spreads in the industry.
GBPUSD Spread
1.0 Var
EURUSD Spread
0.7 Var
GBPEUR Spread
0.7 Var
Total Assets
80+
FCA Regulated
Yes
MT4 Integration
Yes
UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.
GBPUSD Spread
5 pips
EURUSD Spread
3 pips
GBPEUR Spread
4 pips
Total Assets
65+
FCA Regulated
MT4 Integration
Yes
Binary.com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types
GBPUSD Spread
1 pip var
EURUSD Spread
0.5 pip var
GBPEUR Spread
1 pip var
Total Assets
45+
FCA Regulated
MT4 Integration
Yes
Trade majors, minors, & exotic currency pairs
GBPUSD Spread
0.2 pips
EURUSD Spread
0.6 pips
GBPEUR Spread
0.2 pips
Total Assets
17
FCA Regulated
MT4 Integration
Yes
Trade forex pairs with high leverage rates.
GBPUSD Spread
1.3
EURUSD Spread
0.8
GBPEUR Spread
1.3
Total Assets
79
FCA Regulated
MT4 Integration
Yes
Trade forex CFDs from 0.0 spreads with Vantage FX. Clients can access popular forex pairs like GBP/USD, EUR/USD and AUD/USD from 0.0 spreads with a flat $2 per lot commission on our RAW account.
GBPUSD Spread
0.0 via ECN
EURUSD Spread
0.0 via ECN
GBPEUR Spread
0.0 via ECN
Total Assets
120+
FCA Regulated
Yes
MT4 Integration
Yes
Avatrade offer 50+ currency pairs and their spreads are some of the best among any broker. They are regulated across 5 continents.
GBPUSD Spread
1.0 var
EURUSD Spread
0.7 var
GBPEUR Spread
1.7 var
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
GBPUSD Spread
2 pips
EURUSD Spread
1 pips
GBPEUR Spread
1.5 pips
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
No
67 major, minor and exotic FX pairs
GBPUSD Spread
2 pips
EURUSD Spread
2 pips
GBPEUR Spread
2 pips
Total Assets
67
FCA Regulated
Yes
MT4 Integration
Yes
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
GBPUSD Spread
0.9 pips
EURUSD Spread
0.6 pips
GBPEUR Spread
2 pips
Total Assets
90+
FCA Regulated
Yes
MT4 Integration
Yes
Trade on multiple forex pairs at Grand Capital.
GBPUSD Spread
27
EURUSD Spread
17
GBPEUR Spread
16
Total Assets
54
FCA Regulated
MT4 Integration
Yes
Trade on dozens of currency pairs from around the world with tight spreads
GBPUSD Spread
0.3
EURUSD Spread
0.3
GBPEUR Spread
0.3
Total Assets
50+
FCA Regulated
MT4 Integration
No
Trade on dozens of FX pairs with zero spreads available
GBPUSD Spread
1 pip
EURUSD Spread
0 pips
GBPEUR Spread
1 pip
Total Assets
50
FCA Regulated
MT4 Integration
Yes
There's a long list of major, minor and emerging forex pairs at FXGiants.
GBPUSD Spread
1.97
EURUSD Spread
1.74
GBPEUR Spread
1.90
Total Assets
84
FCA Regulated
MT4 Integration
Yes
Trade major, minor & exotic FX pairs
GBPUSD Spread
0.2
EURUSD Spread
1.6
GBPEUR Spread
0.9
Total Assets
65
FCA Regulated
Yes
MT4 Integration
Yes
Trade on dozens of major, minor & exotic pairs
GBPUSD Spread
1.0
EURUSD Spread
1.0
GBPEUR Spread
1.0
Total Assets
30
FCA Regulated
MT4 Integration
Yes
Trade on nearly 50 leveraged forex pairs.
GBPUSD Spread
1.3
EURUSD Spread
0.7
GBPEUR Spread
2.7
Total Assets
44
FCA Regulated
MT4 Integration
Yes
Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.
GBPUSD Spread
0
EURUSD Spread
0
GBPEUR Spread
0
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade 33 Forex pairs with spreads from 0.0 with the 'Zero' account. Prices quoted to 5 decimals places, and leverage up to 1:1000
GBPUSD Spread
From 0.0
EURUSD Spread
From 0.0
GBPEUR Spread
From 0.0
Total Assets
33
FCA Regulated
MT4 Integration
Yes
iFOREX offers trading on approaching 100 currencies from around the world
GBPUSD Spread
1.8
EURUSD Spread
1.8
GBPEUR Spread
2.8
Total Assets
90
FCA Regulated
Yes
MT4 Integration
No
Forex trading is available on major, minor and exotic currency pairs
GBPUSD Spread
0.9
EURUSD Spread
0.58
GBPEUR Spread
0.9
Total Assets
13
FCA Regulated
MT4 Integration
No
50 currency pairs are available, including majors, minors, and exotics
GBPUSD Spread
1
EURUSD Spread
0.6
GBPEUR Spread
1
Total Assets
50
FCA Regulated
Yes
MT4 Integration
Yes
IronFX offers trading in major currency pairs, plus minors and exotic pairs
GBPUSD Spread
0.8
EURUSD Spread
0.7
GBPEUR Spread
0.7
Total Assets
83
FCA Regulated
Yes
MT4 Integration
Yes
Trade on the FX market with flexible leverage and dynamic market spreads.
GBPUSD Spread
From 0.8
EURUSD Spread
From 0.2
GBPEUR Spread
From 1.2
Total Assets
69
FCA Regulated
Yes
MT4 Integration
Yes
Trade on global currencies with 1:30 leverage.
GBPUSD Spread
0.7
EURUSD Spread
0.6
GBPEUR Spread
1.4
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade on dozens of currency pairs with low spreads
GBPUSD Spread
0.9
EURUSD Spread
0.4
GBPEUR Spread
0.9
Total Assets
40
FCA Regulated
MT4 Integration
No
Trade on dozens of major, minor and exotic FX pairs.
GBPUSD Spread
0.4
EURUSD Spread
0.2
GBPEUR Spread
0.4
Total Assets
60
FCA Regulated
MT4 Integration
Yes
Take positions on the foreign exchange market with leveraged trading products.
GBPUSD Spread
1.1
EURUSD Spread
0.6
GBPEUR Spread
2.3
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade 45+ forex pairs with 1:30 leverage.
GBPUSD Spread
0.9
EURUSD Spread
0.8
GBPEUR Spread
0.7
Total Assets
45+
FCA Regulated
Yes
MT4 Integration
Yes
Trade on close to 60 forex pairs with low spreads & leverage.
GBPUSD Spread
From 0.6
EURUSD Spread
From 0.4
GBPEUR Spread
From 0.5
Total Assets
58
FCA Regulated
MT4 Integration
Yes
Trade major and minor online currencies at ITradeFX.
GBPUSD Spread
1
EURUSD Spread
1
GBPEUR Spread
1.4
Total Assets
23
FCA Regulated
MT4 Integration
No
Trade on an excellent range of popular and emerging forex pairs.
GBPUSD Spread
0.8
EURUSD Spread
0.8
GBPEUR Spread
1.2
Total Assets
100+
FCA Regulated
MT4 Integration
Yes
Trade FX with high leverage rates.
GBPUSD Spread
4
EURUSD Spread
3
GBPEUR Spread
4
Total Assets
35+
FCA Regulated
MT4 Integration
No
Trade over 50 online forex pairs at FXFlat.
GBPUSD Spread
0.9
EURUSD Spread
0.8
GBPEUR Spread
0.8
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade with spreads as low as 0.0 pips. $0 Commission. 1:500 Leverage
GBPUSD Spread
0.1-0.5
EURUSD Spread
0.0-0.4
GBPEUR Spread
0.8
Total Assets
100+
FCA Regulated
Yes
MT4 Integration
Yes
30 currency pairs are available to trade
GBPUSD Spread
2.4 pips
EURUSD Spread
2 pips
GBPEUR Spread
2.4 pips
Total Assets
30
FCA Regulated
MT4 Integration
Yes
Trade on a range of currencies with ultra-low spreads.
GBPUSD Spread
0.6
EURUSD Spread
0.1
GBPEUR Spread
0.9
Total Assets
45
FCA Regulated
Yes
MT4 Integration
Yes
Take positions on the FX market with leverage.
GBPUSD Spread
0.3
EURUSD Spread
0.1
GBPEUR Spread
0.3
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Forex trading on dozens of majors, minors and exotics
GBPUSD Spread
0.5
EURUSD Spread
0.6
GBPEUR Spread
0.5
Total Assets
41
FCA Regulated
MT4 Integration
No
Trade on popular FX pairs and cross-rates
GBPUSD Spread
2
EURUSD Spread
1.8
GBPEUR Spread
2
Total Assets
55
FCA Regulated
MT4 Integration
Yes
Trade on dozens of forex pairs with low spreads.
GBPUSD Spread
0.49
EURUSD Spread
0.09
GBPEUR Spread
0.61
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
Trade FX pairs with competitive spreads.
GBPUSD Spread
0.7
EURUSD Spread
0.4
GBPEUR Spread
0.8
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade a breadth of forex pairs with up to 1:30 leverage.
GBPUSD Spread
2
EURUSD Spread
2
GBPEUR Spread
3
Total Assets
60+
FCA Regulated
Yes
MT4 Integration
Yes
Trade on dozens of currency pairs with tight spreads
GBPUSD Spread
0.7
EURUSD Spread
0.3
GBPEUR Spread
0.5
Total Assets
36
FCA Regulated
MT4 Integration
Yes
Trade 50+ global currency pairs with up to 1:500 leverage.
GBPUSD Spread
2.1
EURUSD Spread
1.8
GBPEUR Spread
2.2
Total Assets
51
FCA Regulated
MT4 Integration
Yes
Trade with leverage on close to 70 forex pairs
GBPUSD Spread
0.9
EURUSD Spread
0.3
GBPEUR Spread
0.8
Total Assets
67
FCA Regulated
Yes
MT4 Integration
Yes
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
GBPUSD Spread
0.8
EURUSD Spread
0.5
GBPEUR Spread
0.8
Total Assets
FCA Regulated
Yes
MT4 Integration
Yes
Trade over 60 forex currency pairs from around the world.
GBPUSD Spread
0.8
EURUSD Spread
0.3
GBPEUR Spread
0.6
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
Trade on majors, minors and exotics.
GBPUSD Spread
2.2
EURUSD Spread
1.1
GBPEUR Spread
3.1
Total Assets
30+
FCA Regulated
MT4 Integration
Yes
Trade FX pairs with up to 1:400 leverage.
GBPUSD Spread
0.28
EURUSD Spread
0.28
GBPEUR Spread
0.28
Total Assets
49
FCA Regulated
MT4 Integration
Yes
Dukascopy offers FX trading on over 60 currency pairs
GBPUSD Spread
1
EURUSD Spread
0.3
GBPEUR Spread
0.9
Total Assets
63
FCA Regulated
MT4 Integration
Yes
Offering a range of Accounts, including ECN, Instaforex can reduce average spreads to just 0.8 pips. The range of pairs offered is also among the largest of any broker.
GBPUSD Spread
Av. Floating 0.8
EURUSD Spread
Av. Floating 0.8
GBPEUR Spread
Av. Floating 0.8
Total Assets
200+
FCA Regulated
MT4 Integration
Yes
Trading available on close to 40 major, minor, and exotic currency pairs
GBPUSD Spread
1.2
EURUSD Spread
0.5
GBPEUR Spread
1.2
Total Assets
38
FCA Regulated
Yes
MT4 Integration
Yes
SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.
GBPUSD Spread
0.9 pts
EURUSD Spread
0.6 pips
GBPEUR Spread
0.9 pips
Total Assets
60+
FCA Regulated
Yes
MT4 Integration
No
Trade online currencies with ultra-low spreads.
GBPUSD Spread
From 0.00002
EURUSD Spread
From 0.0
GBPEUR Spread
From 0.00002
Total Assets
63
FCA Regulated
MT4 Integration
Yes
Trade with leverage on dozens of popular currencies.
GBPUSD Spread
0.5
EURUSD Spread
0.2
GBPEUR Spread
0.4
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Capital.com offer 68 Forex pairs for trading. All have competitive spreads. The firm also ensure negative balance protection.
GBPUSD Spread
1 pip
EURUSD Spread
0.6 pips
GBPEUR Spread
0.9 pips
Total Assets
68
FCA Regulated
Yes
MT4 Integration
Yes
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
GBPUSD Spread
0.1-0.3 pips (Floating)
EURUSD Spread
0-0.2 pips (Floating)
GBPEUR Spread
0.1-0.3 pips (Floating)
Total Assets
80+
FCA Regulated
Yes
MT4 Integration
Yes
Alpari International offer forex over a huge range of pairs including Major, minor and exotic pairs. All with competitive spreads and laddered leverage.
GBPUSD Spread
0.7 (var)
EURUSD Spread
0.4 (var)
GBPEUR Spread
0.6 (var)
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Fondex is an award-winning forex and CFD broker with industry low trading costs
GBPUSD Spread
0.71
EURUSD Spread
0.28
GBPEUR Spread
0.7
Total Assets
67
FCA Regulated
MT4 Integration
No
Skilling offer Standard and Premium accounts offering competitive leverage and spreads across a large range of major, minor and exotic forex pairs.
GBPUSD Spread
0.7 pips
EURUSD Spread
0.4 pips
GBPEUR Spread
1.1 pips
Total Assets
73
FCA Regulated
MT4 Integration
Yes
ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services to Pro clients. ETX are offering a FREE trading course to new clients, and free guaranteed stops on the TraderPro platform.
GBPUSD Spread
0.9
EURUSD Spread
0.6
GBPEUR Spread
0.9
Total Assets
65+
FCA Regulated
Yes
MT4 Integration
Yes
Trade dozens of global currency pairs.
GBPUSD Spread
4.3
EURUSD Spread
3.3
GBPEUR Spread
4.3
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
Trade dozens of leading online forex pairs.
GBPUSD Spread
2
EURUSD Spread
1
GBPEUR Spread
2
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
GBPUSD Spread
1.1 Var
EURUSD Spread
0.8 pips
GBPEUR Spread
0.7 pips
Total Assets
80+
FCA Regulated
Yes
MT4 Integration
Yes
Trade forex pairs with tight spreads.
GBPUSD Spread
0.5
EURUSD Spread
0.3
GBPEUR Spread
0.8
Total Assets
50
FCA Regulated
Yes
MT4 Integration
Yes
Trade over 70 forex pairs with low spreads.
GBPUSD Spread
1.6
EURUSD Spread
0.8
GBPEUR Spread
1.5
Total Assets
70+
FCA Regulated
MT4 Integration
No
Trade 10 forex pairs with multiple binary options contracts.
GBPUSD Spread
None
EURUSD Spread
None
GBPEUR Spread
None
Total Assets
10
FCA Regulated
MT4 Integration
No
Trade major, minor and exotic forex pairs with leverage.
GBPUSD Spread
0.4
EURUSD Spread
0.2
GBPEUR Spread
0.1
Total Assets
80+
FCA Regulated
Yes
MT4 Integration
Yes
Trade major, minor & emerging forex pairs with 1:30 leverage.
GBPUSD Spread
0.2
EURUSD Spread
0.2
GBPEUR Spread
0.5
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
Trade forex pairs with up to 1:400 leverage.
GBPUSD Spread
3
EURUSD Spread
2
GBPEUR Spread
3
Total Assets
20+
FCA Regulated
MT4 Integration
Yes
Trade 50+ forex pairs with 1:30 leverage.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
59
FCA Regulated
Yes
MT4 Integration
Yes
Trade a range of forex pairs with tight spreads.
GBPUSD Spread
0.3
EURUSD Spread
0.2
GBPEUR Spread
0.4
Total Assets
75+
FCA Regulated
MT4 Integration
Yes
Trade major, minor and exotic FX pairs.
GBPUSD Spread
3
EURUSD Spread
3
GBPEUR Spread
4
Total Assets
55+
FCA Regulated
MT4 Integration
Yes
Trade FX pairs with up to 1:500 leverage.
GBPUSD Spread
1.85
EURUSD Spread
1.2
GBPEUR Spread
1.67
Total Assets
70+
FCA Regulated
MT4 Integration
Yes
Trade a range of FX pairs with 1:30 leverage.
GBPUSD Spread
1.3
EURUSD Spread
0.7
GBPEUR Spread
0.9
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
Trading CFD forex pairs with tight spreads.
GBPUSD Spread
1.3
EURUSD Spread
0.7
GBPEUR Spread
0.9
Total Assets
45+
FCA Regulated
MT4 Integration
Yes
Buy and sell FX with 1:30 leverage
GBPUSD Spread
4
EURUSD Spread
3
GBPEUR Spread
5
Total Assets
21
FCA Regulated
Yes
MT4 Integration
Yes
Trade on 40+ currency pairs with tight spreads.
GBPUSD Spread
0.5
EURUSD Spread
0.2
GBPEUR Spread
0.7
Total Assets
44
FCA Regulated
Yes
MT4 Integration
Yes
Trade on majors, minors and exotics with up to 1:500 leverage.
GBPUSD Spread
0.3
EURUSD Spread
0.1
GBPEUR Spread
0.4
Total Assets
62
FCA Regulated
Yes
MT4 Integration
Yes
You can start trading online currencies with up to 1:400 leverage at HQBroker.
GBPUSD Spread
1.5
EURUSD Spread
1.2
GBPEUR Spread
1.5
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade on forex with floating spreads
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
43
FCA Regulated
MT4 Integration
No
Spread Co offers trading on a long list of online currencies with competitive spreads.
GBPUSD Spread
1.0
EURUSD Spread
0.8
GBPEUR Spread
1.0
Total Assets
38
FCA Regulated
Yes
MT4 Integration
No
Buy and sell major, minor and exotic FX pairs.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
44
FCA Regulated
MT4 Integration
No
Invest in major, minor and exotic FX pairs.
GBPUSD Spread
2.0
EURUSD Spread
1.8
GBPEUR Spread
2.2
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
GBPUSD Spread
EURUSD Spread
GBPEUR Spread
Total Assets
FCA Regulated
MT4 Integration
Yes
Trade the most liquid & volatile forex pairs.
GBPUSD Spread
3
EURUSD Spread
3
GBPEUR Spread
4
Total Assets
60+
FCA Regulated
MT4 Integration
No
Tiered margin trading is available on FX pairs.
GBPUSD Spread
1.4
EURUSD Spread
0.9
GBPEUR Spread
1.4
Total Assets
60
FCA Regulated
Yes
MT4 Integration
Yes
Trade FX with tight spreads & 1:500 leverage.
GBPUSD Spread
0.5
EURUSD Spread
0.4
GBPEUR Spread
1.5
Total Assets
60
FCA Regulated
MT4 Integration
Yes
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
GBPUSD Spread
0.8 pips var
EURUSD Spread
0.6 pips var
GBPEUR Spread
0.9 pips var
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
Videforex offers leveraged trading on major, minor and exotic currency pairs.
GBPUSD Spread
Floating from 0.1 pips
EURUSD Spread
Floating from 0.1 pips
GBPEUR Spread
Floating from 0.1 pips
Total Assets
35
FCA Regulated
MT4 Integration
No
Trade online currencies with tight spreads.
GBPUSD Spread
1.9
EURUSD Spread
1.4
GBPEUR Spread
2.1
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
Trade on the foreign exchange market with 1:30 leverage.
GBPUSD Spread
0.8
EURUSD Spread
0.5
GBPEUR Spread
0.8
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
Trade major, minor and exotic currency pairs with competitive spreads.
GBPUSD Spread
Floating from 0 pips
EURUSD Spread
Floating from 0 pips
GBPEUR Spread
Floating from 0 pips
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade on a modest selection of FX pairs.
GBPUSD Spread
2.35
EURUSD Spread
1.80
GBPEUR Spread
2.57
Total Assets
27
FCA Regulated
Yes
MT4 Integration
Yes
Invest in foreign exchange with tight spreads.
GBPUSD Spread
1.1
EURUSD Spread
0.7
GBPEUR Spread
0.9
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade on the foreign exchange market with 1:30 leverage.
GBPUSD Spread
2.3
EURUSD Spread
0.9
GBPEUR Spread
1.4
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
BlackBull Markets offers leveraged FX trading.
GBPUSD Spread
0.8
EURUSD Spread
0.2
GBPEUR Spread
Not provided
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
Trade FX pairs with sub 1 pip spreads.
GBPUSD Spread
0.84
EURUSD Spread
0.36
GBPEUR Spread
0.95
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
FX trading is available with 1:30 leverage.
GBPUSD Spread
0.6
EURUSD Spread
0.3
GBPEUR Spread
0.5
Total Assets
35+
FCA Regulated
Yes
MT4 Integration
No
Trade two-dozen FX pairs with 1:500 leverage.
GBPUSD Spread
From 0.1
EURUSD Spread
From 0.1
GBPEUR Spread
From 0.1
Total Assets
24
FCA Regulated
MT4 Integration
No
Trade on the forex market with 1:30 leverage.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
75+
FCA Regulated
Yes
MT4 Integration
Yes
Trade close to 70 forex pairs, including majors and minors.
GBPUSD Spread
0.7
EURUSD Spread
0.4
GBPEUR Spread
1.0
Total Assets
69
FCA Regulated
MT4 Integration
No
Trade on the FX market with flexible leverage.
GBPUSD Spread
2
EURUSD Spread
1.9
GBPEUR Spread
2
Total Assets
69
FCA Regulated
MT4 Integration
Yes
Weltrade provides leveraged trading in the highly-liquid FX market.
GBPUSD Spread
2.1
EURUSD Spread
1.5
GBPEUR Spread
2.4
Total Assets
37
FCA Regulated
MT4 Integration
Yes
Trade close to 50 leading and emerging currency pairs.
GBPUSD Spread
0.5
EURUSD Spread
0.2
GBPEUR Spread
0.5
Total Assets
44
FCA Regulated
MT4 Integration
Yes
Trade over two-dozen forex pairs with high leverage rates.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
26
FCA Regulated
Yes
MT4 Integration
Yes
London Capital Group provide trading on 7000+ markets over 9 asset classes. Spreads are competitive but active traders may have better broker options elsewhere.
GBPUSD Spread
0.5 pips
EURUSD Spread
0.3 pips
GBPEUR Spread
0.4 pips
Total Assets
60+
FCA Regulated
Yes
MT4 Integration
Yes
Trade leveraged futures on leading currencies.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
25+
FCA Regulated
MT4 Integration
Yes
Trade two-dozen+ FX pairs with low spreads.
GBPUSD Spread
1.4
EURUSD Spread
1.4
GBPEUR Spread
1.4
Total Assets
27
FCA Regulated
Yes
MT4 Integration
Yes
JFD offers forex trading on a portfolio of majors, minors and exotics.
GBPUSD Spread
3.5
EURUSD Spread
1.8
GBPEUR Spread
1.3
Total Assets
66
FCA Regulated
MT4 Integration
Yes
Trade an extensive list of online currencies with low spreads.
GBPUSD Spread
From 0.4
EURUSD Spread
From 0.4
GBPEUR Spread
From 0.4
Total Assets
330+
FCA Regulated
Yes
MT4 Integration
Yes
Trade dozens of currencies with 1:30 leverage.
GBPUSD Spread
1.3
EURUSD Spread
0.3
GBPEUR Spread
1.5
Total Assets
35+
FCA Regulated
Yes
MT4 Integration
Yes
Trade over three-dozen currencies with competitive floating spreads.
GBPUSD Spread
From 0.4
EURUSD Spread
From 0.4
GBPEUR Spread
From 0.4
Total Assets
38
FCA Regulated
MT4 Integration
Yes
Ultra tight spreads from 0.1 pips are available on major, minor and exotic forex pairs.
GBPUSD Spread
From 0.1
EURUSD Spread
From 0.1
GBPEUR Spread
From 0.1
Total Assets
25+
FCA Regulated
MT4 Integration
Yes
Start trading a long list of leading currencies with up to 1:30 leverage.
GBPUSD Spread
From 0.9
EURUSD Spread
From 0.9
GBPEUR Spread
From 0.9
Total Assets
38
FCA Regulated
MT4 Integration
Yes
Buy and sell over 50 currencies with competitive floating spreads.
GBPUSD Spread
1.2
EURUSD Spread
0.5
GBPEUR Spread
1.1
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Buy and sell over 50 currencies with zero pip spreads available.
GBPUSD Spread
Raw from 0.0 pips
EURUSD Spread
Raw from 0.0 pips
GBPEUR Spread
Raw from 0.0 pips
Total Assets
50
FCA Regulated
MT4 Integration
Yes
Ultra competitive spreads are available on forex pairs at Zenfinex.
GBPUSD Spread
0.3
EURUSD Spread
0.1
GBPEUR Spread
0.3
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
MultiBank FX offers investing in leading major, minor and exotic currency pairs.
GBPUSD Spread
0.8
EURUSD Spread
0.3
GBPEUR Spread
0.8
Total Assets
45+
FCA Regulated
MT4 Integration
Yes
Start investing in a long list of online currencies with up to 1:500 leverage.
GBPUSD Spread
0-1.2
EURUSD Spread
0-1.2
GBPEUR Spread
0-1.2
Total Assets
50+
FCA Regulated
MT4 Integration
No
TMS Brokers offers a suite of forex pairs with decent leverage levels.
GBPUSD Spread
1.3
EURUSD Spread
1.0
GBPEUR Spread
1.0
Total Assets
42
FCA Regulated
MT4 Integration
No
Trade 50+ currency pairs with leading tools.
GBPUSD Spread
1.8
EURUSD Spread
1.8
GBPEUR Spread
3
Total Assets
55
FCA Regulated
MT4 Integration
No
Start speculating on major, minor and exotic currencies at Tradeview.
GBPUSD Spread
0.6
EURUSD Spread
0.2
GBPEUR Spread
0.7
Total Assets
60
FCA Regulated
MT4 Integration
Yes
Trade dozens of currency pairs with competitive floating spreads, including majors and minors.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
30+
FCA Regulated
MT4 Integration
Yes
A decent portfolio of online currencies are available for trading at ICM Capital.
GBPUSD Spread
1.8
EURUSD Spread
1.3
GBPEUR Spread
1.3
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
Trade a long list of global currencies with high leverage rates.
GBPUSD Spread
0.5
EURUSD Spread
0.2
GBPEUR Spread
0.4
Total Assets
76
FCA Regulated
MT4 Integration
No
Global Prime offers online trading on a long list of major, minor and exotics currencies.
GBPUSD Spread
0.64
EURUSD Spread
0.1
GBPEUR Spread
0.8
Total Assets
48
FCA Regulated
MT4 Integration
Yes
Start trading a range of currencies online with ultra-low spreads.
GBPUSD Spread
From 0 pips
EURUSD Spread
From 0 pips
GBPEUR Spread
From 0 pips
Total Assets
44
FCA Regulated
MT4 Integration
Yes
Buy and sell a suite of major, minor and exotic currencies.
GBPUSD Spread
3
EURUSD Spread
1.8
GBPEUR Spread
1.8
Total Assets
50
FCA Regulated
MT4 Integration
Yes
Stratton Markets offers major, minor and exotic currencies.
GBPUSD Spread
Fixed
EURUSD Spread
Fixed
GBPEUR Spread
Fixed
Total Assets
25+
FCA Regulated
MT4 Integration
Yes
Trade the most active currency pairs at Smart Prime FX.
GBPUSD Spread
1
EURUSD Spread
8
GBPEUR Spread
1
Total Assets
10+
FCA Regulated
MT4 Integration
Yes
Trade Nation offers trading in 30+ online currencies.
GBPUSD Spread
0.8
EURUSD Spread
0.6
GBPEUR Spread
0.6
Total Assets
33
FCA Regulated
Yes
MT4 Integration
Yes
Trade close to 100 major, minor and exotic currency pairs.
GBPUSD Spread
0.5
EURUSD Spread
0.2
GBPEUR Spread
0.5
Total Assets
96
FCA Regulated
MT4 Integration
Yes
Trade on the FX market with 1:30 leverage.
GBPUSD Spread
1.2
EURUSD Spread
0.7
GBPEUR Spread
1.3
Total Assets
45+
FCA Regulated
Yes
MT4 Integration
Yes
Trade a list of currencies with floating and fixed spreads depending on the account.
GBPUSD Spread
Variable & Fixed
EURUSD Spread
Variable & Fixed
GBPEUR Spread
Variable & Fixed
Total Assets
100+
FCA Regulated
MT4 Integration
No
Trade an extensive list of online currency pairs with up to 1:30 leverage.
GBPUSD Spread
From 0.4
EURUSD Spread
From 0.2
GBPEUR Spread
From 0.4
Total Assets
60+
FCA Regulated
Yes
MT4 Integration
Yes
Trade currencies from around world with floating spreads.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
34
FCA Regulated
Yes
MT4 Integration
Yes
Financial Spreads offers forex trading with 1:30 leverage.
GBPUSD Spread
0.9
EURUSD Spread
0.7
GBPEUR Spread
0.8
Total Assets
30+
FCA Regulated
Yes
MT4 Integration
No
Trade dozens of online currencies with competitive leverage rates.
GBPUSD Spread
0.5
EURUSD Spread
0.3
GBPEUR Spread
0.5
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
Trade on the foreign exchange market with 1:30 leverage.
GBPUSD Spread
0.4
EURUSD Spread
0.5
GBPEUR Spread
1.6
Total Assets
67
FCA Regulated
MT4 Integration
Yes
Buy and sell currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.6
EURUSD Spread
0.3
GBPEUR Spread
1.5
Total Assets
42
FCA Regulated
MT4 Integration
Yes
Trade over 100 online currency pairs at CPT Markets.
GBPUSD Spread
From 1.8
EURUSD Spread
From 1.8
GBPEUR Spread
From 1.8
Total Assets
100
FCA Regulated
Yes
MT4 Integration
Yes
FxGrow is a leading forex provider offering tight spreads.
GBPUSD Spread
0.5
EURUSD Spread
0.3
GBPEUR Spread
0.5
Total Assets
60+
FCA Regulated
MT4 Integration
No
Buy and sell major, minor and exotic currency pairs at Intertrader.
GBPUSD Spread
1.2
EURUSD Spread
0.6
GBPEUR Spread
0.9
Total Assets
45
FCA Regulated
MT4 Integration
Yes
Invest in online currencies, including the US Dollar and Euro.
GBPUSD Spread
08
EURUSD Spread
0.5
GBPEUR Spread
0.8
Total Assets
10+
FCA Regulated
Yes
MT4 Integration
No
Trade a modest range of popular currencies.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
14
FCA Regulated
MT4 Integration
No
Major and minor currency pairs including EUR/USD with low spreads.
GBPUSD Spread
Floating from 1 pip
EURUSD Spread
Floating from 1 pip
GBPEUR Spread
Floating from 1 pip
Total Assets
40+
FCA Regulated
Yes
MT4 Integration
Yes
KLMFX offers online currency trading on majors, minors and exotics.
GBPUSD Spread
2.4
EURUSD Spread
1.5
GBPEUR Spread
2.5
Total Assets
44
FCA Regulated
MT4 Integration
No
Trade on the foreign exchange market with ultra-low spreads.
GBPUSD Spread
Floating from 0 pips
EURUSD Spread
Floating from 0 pips
GBPEUR Spread
Floating from 0 pips
Total Assets
45
FCA Regulated
MT4 Integration
Yes
Trade on close to 50 major, minor and exotic currencies.
GBPUSD Spread
2.3
EURUSD Spread
1.7
GBPEUR Spread
2.1
Total Assets
40
FCA Regulated
MT4 Integration
Yes
Trade online currencies with competitive spreads and up to 1:200 leverage.
GBPUSD Spread
0.3
EURUSD Spread
0.3
GBPEUR Spread
0.3
Total Assets
47
FCA Regulated
MT4 Integration
No
FCMarket offers leveraged trading on the foreign exchange market.
GBPUSD Spread
1.2
EURUSD Spread
0.9
GBPEUR Spread
1.8
Total Assets
47
FCA Regulated
MT4 Integration
Yes
Trade forex pairs with zero pip spreads.
GBPUSD Spread
From 0
EURUSD Spread
From 0
GBPEUR Spread
From 0.5
Total Assets
44
FCA Regulated
MT4 Integration
Yes
OctaFX offers leveraged trading on currencies.
GBPUSD Spread
1.1
EURUSD Spread
0.7
GBPEUR Spread
2.1
Total Assets
28
FCA Regulated
MT4 Integration
Yes
Trade over 50 currencies with 1:30 leverage.
GBPUSD Spread
0.4
EURUSD Spread
0.4
GBPEUR Spread
0.6
Total Assets
51
FCA Regulated
MT4 Integration
Yes
Trade majors, minors and exotics.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
FCA Regulated
MT4 Integration
Yes
Trade three-dozen forex pairs, including the US Dollar and Euro.
GBPUSD Spread
1.3
EURUSD Spread
0.6
GBPEUR Spread
0.9
Total Assets
36
FCA Regulated
MT4 Integration
Yes
Trade on a range of major, minor and emerging forex pairs.
GBPUSD Spread
1.6
EURUSD Spread
1
GBPEUR Spread
1.4
Total Assets
58
FCA Regulated
Yes
MT4 Integration
Yes
Darwinex offers 1:30 leverage on forex pairs.
GBPUSD Spread
0.7
EURUSD Spread
0.3
GBPEUR Spread
0.5
Total Assets
40+
FCA Regulated
Yes
MT4 Integration
Yes
Trade over a dozen currencies with leverage.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
17
FCA Regulated
Yes
MT4 Integration
Yes
Trade dozens of FX pairs with 1:200 leverage.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
60
FCA Regulated
MT4 Integration
Yes
Speculate on the currency market with up to 1:200 leverage and competitive spreads.
GBPUSD Spread
0.8
EURUSD Spread
0.4
GBPEUR Spread
0.6
Total Assets
45+
FCA Regulated
Yes
MT4 Integration
Yes
Trade major, minor and exotic currency pairs with tight spreads.
GBPUSD Spread
0.7
EURUSD Spread
0.4
GBPEUR Spread
0.7
Total Assets
65
FCA Regulated
Yes
MT4 Integration
Yes
Trade forex pairs with up to 1:3000 leverage.
GBPUSD Spread
3
EURUSD Spread
2
GBPEUR Spread
2
Total Assets
34
FCA Regulated
MT4 Integration
Yes
Speculate on major, minor & exotic FX pairs.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
90+
FCA Regulated
MT4 Integration
No
Trade FX with high leverage levels.
GBPUSD Spread
2
EURUSD Spread
1.4
GBPEUR Spread
1.6
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
Trade on dozens of forex pairs with high leverage.
GBPUSD Spread
1.6
EURUSD Spread
1.4
GBPEUR Spread
1.3
Total Assets
68
FCA Regulated
MT4 Integration
Yes
Trade a mix of online currency pairs with leverage.
GBPUSD Spread
1.4
EURUSD Spread
1.5
GBPEUR Spread
1.9
Total Assets
45
FCA Regulated
MT4 Integration
Yes
Online trading is available on major, minor and exotic FX pairs.
GBPUSD Spread
2.6
EURUSD Spread
1.9
GBPEUR Spread
2.5
Total Assets
54
FCA Regulated
MT4 Integration
Yes
Trade on FX pairs with 1:500 leverage.
GBPUSD Spread
0.1
EURUSD Spread
0.1
GBPEUR Spread
0.5
Total Assets
71
FCA Regulated
MT4 Integration
Yes
Trade with leverage on a range of FX pairs.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
45+
FCA Regulated
MT4 Integration
Yes
Trade FX with leverage and low spreads.
GBPUSD Spread
2.1
EURUSD Spread
1.2
GBPEUR Spread
1.8
Total Assets
24
FCA Regulated
MT4 Integration
No
Trade forex with competitive spreads.
GBPUSD Spread
1.5
EURUSD Spread
0.8
GBPEUR Spread
1.3
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
Trade dozens of forex pairs with up to 1:200 leverage rates.
GBPUSD Spread
1-3 pips
EURUSD Spread
1-3 pips
GBPEUR Spread
1-3 pips
Total Assets
50+
FCA Regulated
MT4 Integration
No
Margin trading on majors, minors and exotics.
GBPUSD Spread
1.5
EURUSD Spread
1.2
GBPEUR Spread
1.5
Total Assets
50
FCA Regulated
MT4 Integration
Yes
Trade close to 50 currency pairs.
GBPUSD Spread
5
EURUSD Spread
3
GBPEUR Spread
5
Total Assets
46
FCA Regulated
MT4 Integration
No
Trade with leverage on a suite of online currencies.
GBPUSD Spread
1.3
EURUSD Spread
1.3
GBPEUR Spread
1.5
Total Assets
75+
FCA Regulated
Yes
MT4 Integration
Yes
Trade a long list of forex pairs with leverage.
GBPUSD Spread
Floating from 0
EURUSD Spread
Floating from 0
GBPEUR Spread
Floating from 0
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade with leverage on the FX market.
GBPUSD Spread
1.3
EURUSD Spread
0.7
GBPEUR Spread
1.4
Total Assets
55
FCA Regulated
MT4 Integration
Yes
Trade on a mix of FX pairs with 1:30 leverage.
GBPUSD Spread
1.4
EURUSD Spread
0.9
GBPEUR Spread
1.4
Total Assets
46
FCA Regulated
MT4 Integration
Yes
Trade close to 200 majors, minors & exotics.
GBPUSD Spread
3
EURUSD Spread
3
GBPEUR Spread
3
Total Assets
180+
FCA Regulated
MT4 Integration
No
Trade currency pairs with tight spreads and 1:500 leverage.
GBPUSD Spread
1.2
EURUSD Spread
0.9
GBPEUR Spread
0.9
Total Assets
60
FCA Regulated
MT4 Integration
Yes
Buy and sell over 50 forex pairs
GBPUSD Spread
0.7
EURUSD Spread
0.4
GBPEUR Spread
0.6
Total Assets
55
FCA Regulated
Yes
MT4 Integration
Yes
Participate in the global currency market with leveraged trading.
GBPUSD Spread
1.3
EURUSD Spread
0.9
GBPEUR Spread
1
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
Trade on a modest collection of FX pairs.
GBPUSD Spread
5.5
EURUSD Spread
2.5
GBPEUR Spread
N/A
Total Assets
7
FCA Regulated
MT4 Integration
No

The GBP/DKK Explained

GBP/DKK is a currency cross pair representing the exchange rate conversion between the British pound sterling and the Danish krone. The price dynamics of this quote are mainly attributed to the state of the economies of the UK and Denmark. GBP/DKK is also affected by correlated currencies, namely the euro.

Before we dive into trading the GBP/DKK pair, we take a look below at the rich economic histories that have defined both the British pound sterling and the Danish krone.

The British Pound

The pound sterling is the oldest currency in continuous use and is the fourth most traded currency in the FX market, after the US dollar, the euro and the Japanese yen. The sterling is also the fourth most popular reserve currency.

The currency has a long history of coinage and was adopted into the gold standard in the 17th century. The Bank of England was then founded in 1694, where paper money was introduced and the modern currency established.

Sterling was also circulated in much of the British Empire, including Australia, Barbados, British West Africa, Cyprus and Jamaica. During the late 19th and early 20th centuries, many countries adopted the gold standard. At this time, the pound sterling was equal to 4.87 US dollars.

Before World War I when the gold standard was suspended, the United Kingdom had one of the strongest economies in the world, holding 40% of the world’s overseas investments. This changed dramatically after the war, with the country being heavily indebted and owing £850 million with interest. During the Great Depression, the sterling suffered an initial devaluation of around 25%.

Investing in the GBPDKK

In 1940, the sterling was pegged to the US dollar at a rate of £1 = $4.03, as per the Bretton Woods system, which was maintained through World War II. After years of economic pressure, the pound was devalued by 14.3% to $2.40 by 1967.

Throughout the next few decades, the pound fluctuated due to the breakdown of the Bretton Woods system, the 1973 oil crisis, budget deficits, austerity measures and political controversy around the euro replacing the pound.

In 2007, the pound hit a 26-year high of $2.1161. After the global financial crisis in 2008, this depreciated sharply to $1.38 and an all-time low euro rate of 1.0219. The 2016 UK referendum of EU membership also caused a major decline in the pound against other world currencies, causing it to weaken against the euro by 5% overnight.

The Danish Krone

Understanding the history of the krone can aid investment decisions in the GBP/DKK. The krone is the official currency of Denmark, Greenland and the Faroe Islands and was introduced on 1st January 1875. The krone is pegged to the euro via the European Exchange Rate Mechanism (ERM II), at a rate of 7.46 and is required to stay within a 2.25% band. In 2000, a referendum was held on joining the Eurozone, however, 53.2% voted to maintain the krone.

Historically, krone coins have been minted and circulated in Denmark since the 17th century. It was later adopted by the gold standard and the Scandinavian Monetary Union from the 1870s, along with Sweden and Norway.

Investing in the GBPDKK

Between 1940 and 1945, the krone was tied to the German Reichsmark and after the end of the German occupation, a rate of 24 kroner to the British pound was introduced. Within the Bretton Woods system, Denmark devalued the krone in 1949 to a rate of 6.91 to one dollar.

Since the turn of the century, the krone against the euro reached a low of 7.4234 in April 2003 and a high of 7.4732 in March 2020.

Trading GBP/DKK: Pros & Cons

Pros

Though not the most popular pair on the market, trading GBP/DKK can come with some good benefits:

  • Stability – Denmark is highly ranked in terms of ‘quality assessments’ and therefore has low levels of economic, political, financial and social risks. In fact, Denmark has been ranked in the top three countries for ‘ease of doing business’ and for ‘ease of trading across borders’. It is also #1 for the ‘least corrupt country’, #10 for the ‘most competitive country’ and #2 for the ‘happiest country in the world’.
  • Volatility – The price chart of GBP/DKK moves sharply on a daily basis due to its exotic status. Traders can profit from such periods of high volatility.
  • Industry – Denmark has a developing technology industry and its capital city, Copenhagen, is considered to be the thriving tech-hub of the Nordic region. With innovative businesses emerging all the time, the DKK is likely to strengthen.

Cons

As with all tradable instruments, there are certain risks to consider:

  • Trade pressures – As a small export-focused country, Denmark is highly susceptible to trade pressures from other EU member states. Whilst this can make the economy more competitive, it can also make it vulnerable.
  • Interest rates – Along with Switzerland, Denmark has the greatest negative interest rates in the world due to regular interventions by the European Central Bank. Lower interest rates are not attractive to traders and can indicate a weakening over time.
  • Risk – Trading can be risky both in terms of the volatility of the pair as well as the risks of trading with leverage.

What Factors Affect GBP/DKK?

UK Factors

The UK economy largely consists of the services sector, plus trade and industry. Whilst agriculture is not prominent, the tourist sector is also developed.

Specifically, traders should look out for prices and inflation, as well as interest rates set by the Bank of England. The Consumer Price Index (CPI) is the best measure of inflation. Decisions made by the Monetary Policy Committee (MPC) can also be found on the BoE website.

Confidence and sentiment are also key factors affecting GBP. These are derived from national reports and surveys, including the Gfk Consumer Confidence and the nationwide Consumer Confidence Index (NCCI).

Traders should also keep an eye on GDP and general economic growth, which are key indicators of the health of an economy. As the GDP is a quarterly report, it also helps to supplement your research with more frequent indicators, such as retail sales.

Political events can also impact a currency significantly. The most notable example in the UK was the Brexit referendum in 2016, which has continued to affect the movement of GBP/DKK and other currency pairs.

Danish Factors

Denmark’s priority sectors are services and trade, technology, industry (namely pharmaceutical, chemical and food) plus agriculture.

Traders should look out for general macroeconomic data such as GDP and inflation, plus labour market indicators and the trade balance between Denmark and other EU countries. Trade pressures can be quite significant due to the country’s focus on exportation.

As the krone is pegged to the euro, it is directly impacted by euro market movements. Therefore, it is worth keeping an eye on the movements of the currency’s rivals, for example when the US dollar or the pound sterling weakens.

How To Day Trade GBP/DKK

To start day trading GBP/DKK, you will need to find a reliable and reputable forex broker that offers the pair through a trading platform, such as MetaTrader 4. You can then start building your trading strategy using the various tools available to you. There are a few key points below to consider as a starting point.

Technical Analysis

Technical analysis is one of the key pillars of day trading and is the study of prices over time on a live chart. You can find a GBP to DKK exchange rate history chart at numerous sources, including TradingView, XE and your broker’s trading platform.

Analysing prices and spot rates on a GBP to DKK graph allows traders to forecast any future trends or patterns. You can use a variety of timeframes, from 1 minute up to 5 years or even 10 years, plus a range of technical indicators and graphical objects.

A standard candlestick chart is commonly offered by most platforms and is the most popular chart type for viewing opening and closing prices in real-time. They also indicate bullish and bearish trends with green and red candles. From here, you can add a range of tools such as support and resistance, moving averages or Bollinger bands.

Fundamental Analysis

Alongside your historical exchange rate analysis, you should also implement fundamental analysis tools to broaden your research. Fundamental analysis looks at economic, financial and political reports of the regions related to the market you are trading.

For GBP/DKK, traders should follow data relating to the UK and Denmark, plus any other correlated regions such as the EU. You can find information on many reputable sources, including Yahoo Finance and Bloomberg, but don’t forget to check governmental updates or central bank news releases.

Automated Trading

Some platforms offer automated trading tools such as algorithmic investing robots or signals. Trading bots will automatically scan the markets and enter trades for you when the conditions are right. Signals can also be procured from other traders which allow you to automatically copy their positions into your account.

Both options mean you don’t have to monitor anything yourself, however, these strategies do not guarantee continued success. The popular MetaTrader platforms offer a vast library of Expert Advisors (EAs) and signals which cater to various strategies, though you could also opt for cTrader’s cBots or Copytrader.

Correlation

A correlation indicates a relationship between two or more assets due to their respective currencies or related nations. Recognising such correlations can help you to analyse certain patterns that might otherwise be overlooked.

For example, GBP/DKK has a strong correlation with the euro, not only because it is pegged to it, but also because Denmark relies heavily on exports to other European countries. This also means that the pair is correlated with EUR/USD.

Risk Management

Whatever strategy you use, it is important to manage your risk and expectations. Even the most experienced traders can be met with unexpected turns in the market. These sudden swings can be extremely damaging if trades are not properly protected.

The first rule is to not risk more than you can afford to lose. Some experts suggest that you should not risk more than 2% of your account balance per trade and always calculate your risk-reward ratio prior to entering the market.

Some of the best tools you can use are stop losses and take profits. A stop-loss allows you to set a predetermined price at which your trade will automatically close to prevent further losses. Note that this is not always guaranteed due to slippage. Take-profit serves the opposite purpose, whereby your trade will close when it reaches a certain profit level.

GBP/DKK Session Times

Forex is a 24-hour market, though there are ideal times of the day when the GBP/DKK is most volatile. In general, the best time to trade the pair is between 10:00 and 18:00 GMT, when the London and New York trading sessions overlap. It’s also worth noting that the most volatile day to trade GBP/DKK is Wednesday.

Final Word On Trading GBP/DKK

To start investing the exotic GBP to DKK currency pair, make sure to follow developments in the UK and European regions, as well as the movements of other correlated pairs. There are plenty of tools available to help you forecast price trends on a GBP/DKK live exchange rate graph, including TradingView or MetaTrader. In any case, you should always consider a good risk management strategy to help protect your investment.

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FAQ

What Is GBP/DKK?

GBP/DKK represents the exchange rate of the British pound sterling (GBP) against the Danish krone (DKK) and therefore how many DKK can be purchased with 1 GBP. DKK is the quote currency, whilst GBP is the base currency.

How Can I Start Trading GBP vs DKK?

You will need to register with a forex broker and sign in to your trading platform, where you can apply technical analysis strategies to identify price trends. You should also use any available resources and news outlets to keep abreast of economic developments that might affect the price of GBP/DKK.

Is Trading GBP To DKK Easy?

In comparison to other major pairs such as EUR/USD, GBP/DKK and other exotics are not as liquid and make up a smaller share of the forex market. Beginners should therefore consider gaining experience with one of the major forex pairs, before moving on to GBP/DKK.

When Can I Trade GBP/DKK?

The best time to trade GBP/DKK is when the London and New York trading sessions overlap and when the pair is most volatile, between 10:00 and 18:00 GMT. Of the 5-day trading week, the most volatile day overall for the pair is Wednesday.

Why Should I Trade GBP/DKK?

There are some good reasons to trade GBP/DKK, including its high volatility which can present good opportunities to create profits. DKK is also relatively stable due to the strong Denmark economy and its promising industrial future.