General Information& Regulation
UK Clearing House Limited，also known as UKCH, was established in central London in October 2012，authorized and regulated by the Financial Conduct Authority (FCA Registration No. 595713) and an A-1 Liquidity Provider offering its services to global financial market on a B to B basis. Regulated forex brokers in Europe, America, Africa and Australia are under many strict rules. The regulatory bodies like FCA, FSCA, CySEC, NFA and many other have regulations protecting forex traders from unfair brokers. This is why they come top as recommended forex brokers.
Market Instruments
UK Clearing House is offering a wide range of online Contract for Difference (CFD) related products including foreign currency trading (FX), precious metals, CFD on commodities and CFD on Indices.
Minimum Deposit
UK Clearing House seems to only provide a standard account, with the minimum deposit amount unknown.
Leverage
As for the maximum leverage, retail clients are offered leverage of up to 1:30 with forex pairs and 1:20 with most other CFDs. The leverage restrictions were introduced by the European Securities and Markets Authority (ESMA) back in August 2018 in an effort to reduce the investment risks.
Spreads & Commissions
UK Clearing House does not disclose any specific spreads and commission details, and does not offer free demo account either. The missing of important trading conditions can be a worrying sign.
Trading Platform
UK Clearing House offers traders the MetaTrader 4 trading platform. MT4 trading platform is by far the most popular trading platform in the industry, featuring well over 50 integrated market indicators and cutomizable trading robots designed to help traders run automated trading sessions. And the platform is also equipped with a set of advanced charting tools.
Deposit & Withdrawal
Most brokers regulated in the EU accept payments with credit or debit cards like VISA and MasterCard, bank wire and major e-wallets like Neteller and Skrill. However, it is quite weird that there is no information mentioned on UKCHs website, which is a worrying sign.
