Can anyone trade forex in uk?

If you are in the UK you are better off trading forex with spread betting. The bid-offer spreads in spread betting are now very, very tight and unlike forex trading gains are not subject to taxes (unlike forex trading).

To open a spread betting account is very easy and most providers won't have problems with you opening an account as long as you can demonstrate some basic knowledge.

Forex Brokers ask you those questions as part of their due diligence, e.g. KYC (Know Your Client) and AML (Anti Money Laundering)

When moving from demo to real forex trading accounts, it's worthwhile noting that you will have changes in the leverages, stop levels etc when moving into a trade for real environment.

So dont get carried away and start depositing 1,000 dollars and hope for the same returns.

I have added a link to my brokerage who offer a $0.50 cent deposit and will credit you with $5 on a real account, so you get $5.50 to test the water of a real account before making huge deposits.

Good luck

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The broker doesn't care if you have experience or not, but they want to know that you can afford to lose the money you're investing. They also want to know that you're trading with your own money, and not someone else's.

As an example, if you tell them you only have 5,000 of savings, but then you deposit 10,000, they'll wonder where the extra 5 came from.

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hi there

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use zecco trading, you can use them in uk ( i do)