Guides

Guides

Practical notes on how FX trading works, how to check a firm against a regulator’s register, and what the platforms in the directory are for. Each guide names its sources and the date it was last reviewed.

These guides are for education and reference only. They are not financial, investment, tax, or trading advice, and they do not rank firms, products, or strategies.

Clear

5 guides

Market basics

Beginner

How FX trading works

  • Beginner
  • Market basics

How a currency pair is quoted, and what a pip, a lot, a spread and leverage mean, using the figures in the cited regulator and vendor pages.

Reviewed · 8 minutes

Regulation

Beginner

How to check whether a broker is regulated

  • Beginner
  • Regulation

How to check a broker against the FCA Firm Checker, the Financial Services Register and the Warning List, and where CySEC and ASIC publish their own registers.

Reviewed · 9 minutes

Intermediate

UK spread betting and CFDs: what is different

  • Intermediate
  • Regulation

How UK spread betting and contracts for difference differ in legal form and in HMRC’s manuals, and which retail conduct rules apply to both.

Reviewed · 6 minutes

Execution

Intermediate

Broker execution models: market maker, STP and ECN

  • Intermediate
  • Execution

What market maker, straight-through processing and ECN mean in the regulator and central-bank texts, and what those words do not mean on a retail account.

Reviewed · 7 minutes

Platforms

Beginner