Trading GBP/TRY

The exotic pair of GBP/TRY is made up of the United Kingdom’s official currency, pound sterling, and Turkey’s official currency, the lira. With the GBP being a major world currency and the TRY being an exotic currency, it offers volatility but less liquid conditions. This review breaks down the history of GBP/TRY, why to trade it and how to trade it, live charts, exchanges, news and more.

GBP/TRY Trading Brokers

Filter Brokers
Found 202 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
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
No
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
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
EURUSD Spread
GBPEUR Spread
Total Assets
FCA Regulated
MT4 Integration
No
CMC Markets is headquartered in London and listed on the LSE. They offer competitive spreads on a global range of assets.
GBPUSD Spread
0.9
EURUSD Spread
0.7
GBPEUR Spread
1.1
Total Assets
300+
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 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
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
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 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
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
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
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
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
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
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
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 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
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 major, minor & exotic currency pairs
GBPUSD Spread
1.4
EURUSD Spread
1.11
GBPEUR Spread
1
Total Assets
50
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 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 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 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
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
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 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
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
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
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 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
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
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 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
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 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
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 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 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 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 on over two-dozen major and emerging currency pairs.
GBPUSD Spread
0.8
EURUSD Spread
0.6
GBPEUR Spread
0.8
Total Assets
30
FCA Regulated
Yes
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
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 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
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
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
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 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 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
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
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 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 FX pairs with tight spreads & leverage.
GBPUSD Spread
1.5
EURUSD Spread
1.6
GBPEUR Spread
1.5
Total Assets
40+
FCA Regulated
MT4 Integration
No
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
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
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
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
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
Vantage FX are a Raw ECN Forex broker, regulated by ASIC is Australia. Boasting MT4, MT5 and Webtrader platforms, a range of account types and a deposit bonus of up to 50%
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
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
No
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
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
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
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
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
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
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 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 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 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 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 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
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
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 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 major, minor and exotic FX pairs.
GBPUSD Spread
3
EURUSD Spread
3
GBPEUR Spread
4
Total Assets
55+
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
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 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 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
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
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
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
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 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
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
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
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
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 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
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 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
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 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
Trade the most liquid & volatile forex pairs.
GBPUSD Spread
3
EURUSD Spread
3
GBPEUR Spread
4
Total Assets
60+
FCA Regulated
MT4 Integration
No
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
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
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
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
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
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
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
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
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 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
Trade leveraged futures on leading currencies.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
25+
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
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 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
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
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 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 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
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
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
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
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 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
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
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
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 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
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 close to 50 currency pairs.
GBPUSD Spread
5
EURUSD Spread
3
GBPEUR Spread
5
Total Assets
46
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
No
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
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 forex with competitive spreads.
GBPUSD Spread
1.5
EURUSD Spread
0.8
GBPEUR Spread
1.3
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
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 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
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 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 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
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
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 forex with floating spreads
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
43
FCA Regulated
MT4 Integration
No

GBP/TRY Chart

Why Day Trade GBP/TRY?

  • Volatility – The GBP/TRY attracts investors from around the world. With wide spreads in slow periods and narrow spreads during busy periods, it allows for opportunities to profit off significant shifts in the pair’s value. Further, political uncertainty can also widely affect both the pound and lira.
  • Range of trading vehicles – The forex market sees high and extensive volume, so trading GBP/TRY can be done through many vehicles, such as options, ETFs and futures.
  • Diversification – An advantage of trading an exotic pair (i.e. without USD), allows investors to diversify and utilise distinct strategies to create profit.
  • Resources – With the tools available nowadays, creating forecasts and predictions on GBP/TRY doesn’t have to be so hard. Conduct technical analysis with access to live candlestick charts, real-time price movement, historical graphs and the best exchange rates. Many websites also give you access to investing forums with trader sentiment and market outlooks.

Risks Of Trading GBP/TRY

  • Lack of Information – As the Turkish lira is not a major currency, there is less technical information available, which can make the GBP/TRY challenging to forecast.
  • Wider spreads – GBP/TRY has less liquidity compared to major forex pairs like GBP/USD. Liquidity creates buying power, and its low levels can mean that it’s more costly to trade.
  • Volatility –  Shifts in the FX market can be unpredictable, making trading difficult for beginners. Thus, technical knowledge, such as support/resistance levels and pivot points are a good source to achieve success when trading volatile pairs.

Influences On GBP/TRY Movement

Central Bank Monetary Policies

Financial institutions can devalue or inflate their respective currencies, which can affect exchange rates. The Bank of England makes important decisions on GBP interest rates. Likewise, major decisions from The Central Bank of the Republic of Turkey affect the future performance of TRY.

Politics

Political uncertainty or stability can widely affect investor sentiment. For example, Brexit threw the British economy into a state of flux and ushered an era of uncertainty. On the other hand, geopolitical issues due to the current situation in Syria have impacted the Turkish economy.

Economic Conditions

Inflation and the GDP of a country can affect the average exchange rate. This is important because when economic growth is greater in one country it will strengthen against the other currency, and vice versa.

Balance of Trade

A country’s current account depends on the trade between the country and its trading partners. A current account deficit occurs if its spending more on foreign goods than it’s bringing in. For example, the UK current account deficit hit £97.9 billion in 2014 (5.5% of GDP), which presented a risk in the market’s perception of the UK. On the other hand, international trade is a big aspect in Turkey’s economic activity, so a large current account deficit would likely turn investors away.

GBP/TRY Currency Correlations

The GBP/TRY does not have a US dollar component, which makes it a cross. Cross currency pairs often move differently to majors. However, to some extent, they are still dependent on its movement. For example, the GBP/TRY can move in relation to GBP/USD and USD/TRY pairs. Pairs can either move with each other or in the opposite direction, which affects its correlation coefficient.

  • Positive correlation – This is when pairs move in the same direction as each other. For example, popular pairs, GBP/USD, AUD/USD and EUR/USD are all positively correlated. This is because the US dollar is the counter currency and any change in the US dollar will impact these pairs.
  • Negative correlation – This occurs when pairs move in the opposite direction. Popular pairs include USD/CHF, USD/JPY and USD/CAD. The base currency is the US dollar.

Application

A GBP/TRY trader can use this information to better understand the consequences of movement in certain pairs. Although it is important to note that correlations don’t remain stable. Economic factors and market speculation can create shifts in currency correlations.

GBP/TRY Day Trading Strategy

Timing

Successful GBP/TRY day trading rests on timing. While trading GBP/TRY seems hard, it typically involves trading during the highest levels of volume and volatility to generate profits above the cost of spreads and commissions. In other words, you should be trading during the ideal window.

While the forex market is open 24/5, it does not mean each of those hours is worth trading. So when is the ideal window? An hourly volatility chart of GBP/TRY will show that there is increased volume from 6am to 4pm GMT. After that, movement from each hour tapers off, which will likely have fewer big price moves to participate in.

Another thing to note is that the majority of UK monthly economic data news comes out between 7am to 9:30am GMT, which will likely cause higher volumes in the GBP/TRY pair. So, 30 to 60 mins before releases or 1 to 3 hours after releases are good times to trade as news can impact the pair’s value.

Strategy Tips

There is no perfect day trading strategy for GBP/TRY as exchange rates are affected by a range of factors, as covered above. There are many forex strategies to learn online. GBP/TRY live charts that span from 1 minute to 10 years and technical analysis are useful for creating forecasts or identifying trends.

Different strategies work for different people. Some may prefer pivot points, swap points and forward curves. However, it is important to do your own due diligence and research.

News

The latest market news and outlook can inform GBP/TRY trading strategies. This is because the pound and lira can shift in response to major news releases. Some news resources offer FX forecasts, spot rates, pre-market sentiments, historical data and the best GBP to TRY exchange rates. Here are some popular sources to consider:

  • XE, Coinmill and Post Office provide free real-time currency exchange rates and converters i.e. 1 GBP in TRY
  • Bloomberg’s FX Centre is where you’ll find markets news, data, analysis and more
  • DailyFX offers charts and covers financial market news for forex and other assets
  • Walletinvestor offers free forecasts for many forex pairs including GBP/TRY

History Of GBP/TRY

Before you start investing in the GBP/TRY, it’s useful to understand significant historical dates and its origins.

Early GBP & TRY

The British pound dates back to the Anglo-Saxon period in 775 AD, where silver coins, known as ‘sterlings’ circulated as legal tender. Having been around for 1,200 years, it is considered the oldest currency in the world. After a period of a specie-based monetary system dominated until the mid-17th century, the Bank of England was created in 1694, which was the first central bank in history.

It was around the 1700s when the UK started defining the pound’s value in terms of gold instead of silver. But eventually, it abandoned gold-backed money in 1931. After WWII, the UK joined a group of allied nations in signing the Bretton Woods Accords in 1944, where USD and GBP were designated as the global reserve currencies. This was when GBP was fixed to the US dollar. The Bretton Woods monetary system stayed in effect until 1971. However, since 1992, the GBP has existed as a free-floating currency.

Forex investing on the GBPTRY

On the other hand, the Turkish lira was initially adopted as the official currency by the Ottoman Empire in the mid-1800s. The Ottoman lira were gold coins used as currency while other coins that were lesser in value were also in circulation. These were called ‘kurus’ and ‘para’. In 1870, the first versions of Turkish lira banknotes were being printed and came into circulation.

The lira has had a volatile past and experienced devaluations and reconstructions, such as the replacement of the Ottoman lira in 1923 by the ‘First Turkish Lira’. This replaced smaller denominations of coinage with a standardised decimal system of currency. This shifted the Turkish currency from being largely specie-based into a modern form of currency. The First Turkish lira remained the official currency until 2005.

Recent GBP/TRY

Turkey faced constant inflation throughout the 20th century and in an attempt to achieve stability, they periodically pegged the currency to many globally prominent currencies. After 2005, the second Turkish lira was created, which is currently used in Turkey. For context, the exchange rate of 1 million First Turkish lira is 1 new TRY. Since then, it has led to a more stabilised rate of exchange.

How to trade the GBPTRY

A recent key event for Britain was the Brexit vote in 2016, which threw the British economy into a state of uncertainty. After the vote, the pound sterling saw its lowest levels since 1985 falling over 10% overnight and hitting $1.3236. Until this day, the referendum has had a lasting impact due to concerns over a successful Brexit outcome. For example, it has led to reduced trade with the EU, which was the biggest market of trade for the UK. This implied a reduced demand for its currency and a lower value for the pound.

In an attempt to restore stability and confidence in the economy, the Bank of England implemented a 10 year plan of quantitative easing, with near-zero interest rates and aggressive bond-buying. Despite this, the GBP has struggled to regain its pre-2008 level. Between 2008 and 2019, the GBP has fallen by more than 40% against USD.

Role Of GBP

When investing in the GBP/TRY pair, you should consider the role these two currencies play. This knowledge can give you a stronger position to make predictions about the market.

The UK’s economy is sixth in the world, with London being home to nearly 30% of daily forex exchange transactions. The British economy is primarily service-oriented, which is followed by manufacturing and agriculture sectors. Banking and insurance are key contributors to the UK’s GDP. Exports play a key role in the economy and the UK stands as the 10th largest exporter of goods and services abroad. Main exports include manufactured goods, fuel, chemicals and food. The main destinations being the US, Germany and France.

The British Pound is the world’s fifth most widely held reserve currency. In the forex market, the GBP currency accounts for around 13% of daily forex trading volume. Other commonly traded pairs include GBP/USD and EUR/GBP.

Britain has had a long history of global economic leadership and a strong currency. However, key political events, such as Brexit, have undermined the previous strong position of the pound. With that said, the volatility this brings provides day traders and short-term traders with good investing opportunities.

Role Of TRY

The Turkish economy is considered an emerging market economy due to its new industrialisation era. Turkey’s geographic location has also been key in its access to foreign trade as it falls on the Silk Road. Turkey has the 13th largest economy for global productions, which include textiles, automobiles, electronics and cement. However, Turkey is said to have a service-based economy as 50% of its workforce comes from service industries. Furthermore, the services sector makes up 70% of the total GDP, which is followed by industrial output and agriculture.

International trade is also a big aspect of economic activity for Turkey, with main trading partners including countries in the EU, followed by Russia and the United States. There is also a customs union being arranged with the EU to increase industrial production for exports.

Final Word On Trading GBP/TRY

As an exotic pair, the GBP/TRY offers great opportunities for diversification in a trading portfolio. It also promises volatility, attracting investors from all over the world. With all the tools at your disposal, it’s important to conduct technical analysis, make use of real-time exchange rates, historical graphs and more.

Whatever investing strategy you choose, maintaining risk management is important when trading with leverage. Furthermore, trading during the ideal investing window is key. It is also worth considering trading with a trusted OTC broker, such as Oanda.

Find out more about forex trading.

FAQ

What Type Of Currency Pair Is GBP/TRY?

The GBP/TRY is as an exotic currency pair. It consists of a major currency, GBP (British Pound) and an emerging currency, TRY, (Turkish lira). The GBP is the base currency, while TRY is the quote currency. It shows how much the GBP (base currency) is worth against the TRY (counter currency).

When Is The Best Time To Trade GBP/TRY?

The best time to trade GBP/TRY is between 6am and 4pm GMT. This is when the pair experiences the most volume and volatility, thus generating profits that exceed costs from spreads and commission.

Is The GBP Getting Stronger Against The TRY?

Pre 2008, GBP was a strong currency. However, after the financial crisis and the Brexit referendum vote in 2016, it has seen a negative trend in recent years. But with schemes like the 10-year quantitative easing, it is said to have circumvented extreme depressions. Nonetheless, it still holds a strong economy and is the world’s 5th widely held reserve currency.

How Much Is 1 GBP To TRY?

The live FX spot rate for GBP/TRY is constantly changing. See a live chart for the latest exchange rate between these currencies.

Should I Trade With GBP/TRY?

While trading major pairs like GBP/USD and EUR/USD are more popular, volatile and liquid, trading with the exotic GBP/TRY is a great opportunity to diversify your forex portfolio. Traders should practice strategies in demo accounts during the ideal investing window, keep up with the latest news and utilise resources like charts. When done right, traders can get decent profits from the GBP/TRY.