Pairs Trading - What is trading pairs and how and where can you do it?

One of the favourite trading strategies used by professional traders is pairs trading. With the advent of fast trading terminals, you can also seek profits from pairs trading too.

What is pairs trading?

Simply, pairs trading is a non-directional strategy that bets on the price movements between two instruments. The key here is relative movements between two set of prices.

For example, a pairs trade could entail buying an 'undervalued' stock and selling an 'overvalued' one. The premise is that the undervalued security will appreciate over time - and the overvalued one will fall. This reversionary price move could be independent to the general market direction. Hence the term 'market neutral'.

Pairs trading is a sophisticated trading strategy because it requires skills that are slightly different to long-only investing. Statistical knowledge, quantitative backtesting, technical analysis or fundamentals are all needed to some extent to create and manage successful pairs trading. Knowledge about short-selling is also required (link).

One appeal of the long-short strategy is that the returns are independent to that of market benchmarks, given that the strategy does not rely exclusively on buying benchmark members. Funds that employ pairs trade often boast of making money in all market conditions.

Where to trade pairs:

Featured Broker: CMC Markets
✔ Trade as spread bet or CFD
✔ Over 300 currency pairs to trade
✔ Over 9,500 instruments to trade
✔ Forex spreads from just 0.7 pips
✔ UK stock trading from 0.1%
✔ US stock trading from 2 cents per share
✔ FCA regulated, listed on the LSE
✔ Listed on the London Stock Exchange
✔ Established in 1989


Find Out More

A few tips on pairs trading strategy

1) What is the best time frame for pairs trading?

A pairs trading strategy that holds instruments intraday will rely more on statistical analysis than fundamentals. A long-term (weeks to months) pairs trading strategy is inherently different to that of a short-term one in terms of signal generation, research, and positional sizing.

2) Choosing markets for pairs trading.

There are many ways to capitalise on the pairs trading strategy. Some focused on large-cap stocks; some on mid-cap stocks. Some trade equity indices ETFs; some exclusively on futures. A novice trader may focus on similar stocks within a popular sector (say, mining, banking or house builders in the UK) or between large indices (e.g. FTSE 100 vs FTSE 250). Larger stocks, such as FTSE 100 members, have better liquidity.

Here are our tips to help you find the best currency pairs to trade with.

3) Filtering pairs trading candidates.

This requires pre-determined filters to extract viable candidates from noisy datasets. This is dependent on the skills of the traders. Is the trader much more comfortable with statistics, fundamentals or technical analysis? What is the trader's edge? The strategy's time frame is critical. Also, will the filter be done solely with computers? Once a pool of trade candidates is determined, the next step is to narrow down the specific trades to buy and sell.

3) Determine buy and sell amount when trading pairs.

How much to trade on each leg, ie the amount to buy and sell? This is dependent on the trader's goal. He may choose share-equal (100 shares to buy and short), dollar-equal ($1000 on buy and short), beta-neutral (long beta must match short beta), etc etc. A very volatile stock may inject more volatility into a relative trade if both legs are dollar-equal.

4) Pairs trading risks and costs.

For each leg of the pairs trade, a stop loss level may be required. This means finding out where a trader would close the trade if it goes sour. A trader would also need to find out the costs of short an instrument due to dividends, and whether the stock is hard to short due to limited free float, corporate action, or regulatory embargo.

5) Executing a pairs trade.

Some brokers have pairs trading features that allows customers to execute both legs quickly.

You can trade pairs through most CFD trading platforms and spread betting brokers including:

Or you can use a derivatives prime broker like:

6) Managing pairs trade risk.

Sometimes, the easy part is to initiate a trade. The harder part is knowing what to do afterwards. To manage a trade, a trader will need answers to these scenarios, ie, when:

  1. Both legs (long and short) are instantly profitable.
  2. One leg is profitable and the other in losses
  3. Both legs in losses suddenly
  4. A 'short squeeze' happens

7) Exiting pair trade positions.

Once a trade is entered, there must be a plan to get out. Sometimes, the stoploss will do that for the trader. If not, a trade will need to monitor the trade continuously to see if the trade's potential is still there. Sometimes, after a  duration, the trade may be abandoned because it is not working out.

8) Pairs trading paper trading.

Before committing real capital into a trade, it is better to take some time to backtest the strategy on paper. This is to iron all programming mistakes, bad data, determining ideal parameters, or just to 'get a feel' for the strategy. Can you live with the drawdown? What is the appropriate capital to execute the trade? etc

Lastly, I present a highly simplistic pairs trade example below.

Example - Pairs Trade Using Relative Ratio

For example, using a computer program a trader finds two correlated stocks that are diverging and wishes to bet on that divergence extending further. The long side is Standard Chartered and the short side is Barclays (see below).

Their current relative ratio is about 4.05. The trader expects a relative breakout to, say, 4.5. The stop loss is set at 3.75. This approach is very simple and is based on relative ratios alone.

For other examples, read Douglas Ehrman's Handbook of Pairs Trading.


Featured Broker: CMC Markets
✔ Trade as spread bet or CFD
✔ Over 300 currency pairs to trade
✔ Over 9,500 instruments to trade
✔ Forex spreads from just 0.7 pips
✔ UK stock trading from 0.1%
✔ US stock trading from 2 cents per share
✔ FCA regulated, listed on the LSE
✔ Listed on the London Stock Exchange
✔ Established in 1989


Find Out More

About The Author

Compare Brokers for Pairs Trading


Use our comparison tables to compare brokers for pairs trading. Compare key features like research, added value, market access, commissions and costs.

Best Brokers For Pairs Trading CFDs (Contracts For Difference)

Use our comparison tables to compare CFD brokers authorised and regulated by the FCA. Choose or switch to a CFD broker that offers the most markets, best pricing and client security.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 

Featured CFD BrokerCFD Trading InformationCFD Trading MarketsCFD Trading CostsMore Info

IG

Minimum Trade: 50p
Minimum Deposit £250
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.45%
Pro Forex Margin: 0.45%
Total Markets: 17,000
Forex Pairs: 51
Commodities: 38
Indices: 34
UK Stocks: 3,925
US Stocks: 6,352
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.3 points
UK Shares: 0.10%
US Shares: 0.10%
Open Account
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

Minimum Trade: 50p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 9,300
Forex Pairs: 71
Commodities: 33
Indices: 22
UK Stocks: 629
US Stocks: 3,441
EURUSD: 0.7 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.3 points
UK Shares: 0.10%
US Shares: 2¢ per share
Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

Pepperstone

Minimum Trade: 50p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.2%
Pro Forex Margin: 0.5%
Total Markets: 178
Forex Pairs: 36
Commodities: 16
Indices: 14
UK Stocks: 0
US Stocks: 64
EURUSD: 0.13 pips
UK 100: 3 points
Wall Street: 2.4 points
Gold: 0.5 points
UK Shares: na
US Shares: na
Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Saxo Markets

Minimum Trade: £1
Minimum Deposit £100
Index Margin: 1%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 19,999
Forex Pairs: 57
Commodities: 19
Indices: 23
UK Stocks: na
US Stocks: na
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 3 points
Gold: 0.6 points
UK Shares: 0.05%
US Shares: 2¢ per share
Open Account 70% of retail investor accounts lose money when trading CFDs with this provider
Interactive Brokers

Interactive Brokers (IBKR)

Minimum Trade: £1
Minimum Deposit £100
Index Margin: 1%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: na
Forex Pairs: na
Commodities: na
Indices: na
UK Stocks: na
US Stocks: na
EURUSD: 0.20 basis point
UK 100: 0.005%
Wall Street: 0.005%
Gold: na
UK Shares: 0.05%
US Shares: 2¢ per share
Open Account 64% of retail investor accounts lose money when trading CFDs with IBKR

Spreadex Financials

Spreadex

Minimum Trade: 1p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.5%
Pro Forex Margin: 0.5%
Total Markets: 10,000
Forex Pairs: 53
Commodities: 21
Indices: 37
UK Stocks: 2,000
US Stocks: 500
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.4 points
UK Shares: 0.1%
US Shares: 0.15%
Visit IG Website 69% of retail investors lose money when trading spread bets and CFDs with this provider

XTB

XTB Brokers

Minimum Trade: £1
Minimum Deposit £100
Index Margin: 1%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 1,981
Forex Pairs: 48
Commodities: 22
Indices: 42
UK Stocks: 203
US Stocks: 1,053
EURUSD: 0.6 pips
UK 100: 0.9 point
Wall Street: 2 points
Gold: 0.3 points
UK Shares: 0.08%
US Shares: 0.08%
Open Account 79% of retail investor accounts lose money when trading CFDs with this provider

ETX Capital

Minimum Trade: 25p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 5,000
Forex Pairs: 60
Commodities: 25
Indices: 34
UK Stocks: 350
US Stocks: na
EURUSD: 0.6 pips
UK 100: 1 point1
Wall Street: 4 points
Gold: 0.4 points
UK Shares: 0.1%
US Shares: 2¢ per share
ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider

eToro

Minimum Trade: £1
Minimum Deposit £100
Index Margin: 1%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: na
Forex Pairs: 47
Commodities: 19
Indices: 13
UK Stocks: 313
US Stocks: 1104
EURUSD: 0.3 pips
UK 100: 1.5 points
Wall Street: 6 points
Gold: 0.45 points
UK Shares: 0.9%
US Shares: 0.9%
Open Account 75% of retail investor accounts lose money when trading CFDs with this provider

Plus 500

Minimum Trade: £1
Minimum Deposit £100
Index Margin: 1%
Forex Margin: 3.33%
Pro Index Margin: 0.33%
Pro Forex Margin: 0.33%
Total Markets: 2,000
Forex Pairs: 39
Commodities: 22
Indices: 28
UK Stocks: 148
US Stocks: 947
EURUSD: 0.8 pips
UK 100: 2 points
Wall Street: 4 points
Gold: 0.59 points
UK Shares: na
US Shares: na
Open Account 76.4% of retail investor accounts lose money when trading CFDs with this provider

City Index

Minimum Trade: £1
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.25%
Pro Forex Margin: 0.25%
Total Markets: 12,000
Forex Pairs: 84
Commodities: 25
Indices: 21
UK Stocks: na
US Stocks: na
EURUSD: 0.5 pips
UK 100: 1 point1
Wall Street: 3.5 points
Gold: 0.8 points
UK Shares: 0.18%
US Shares: 2¢ per share
Open Account 74% of retail investor accounts lose money when trading CFDs with this provider

Fineco

Minimum Trade: 50p
Minimum Deposit £100
Index Margin: 1%
Forex Margin: 3.33%
Pro Index Margin: 1%
Pro Forex Margin: 0.5%
Total Markets: 180
Forex Pairs: 53
Commodities: 5
Indices: 27
UK Stocks: na
US Stocks: na
EURUSD: 0.8 pips
UK 100: 6 points
Wall Street: 6 points
Gold: 0.3 points
UK Shares: 0.05%
US Shares: na
Open Account 70.50% of retail investor accounts lose money due to CFD trading with FinecoBank

Best Brokers For Financial Spread Bet Pairs Trading

Use our comparison reviews to compare spread betting broker costs, spreads, offers and features. Only Spread Betting Brokers authorized and regulated by the FCA where client funds are protected under the FSCS are featured.

Spread betting carries a high level of risk and losses can exceed your deposits. Featured brokers appear first.

Featured Spread BettingBrokerSpread Betting InformationSpread Betting MarketsSpread Betting CostsMore Info

IG

Minimum Stake: 50p
Minimum Deposit £250
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.45%
Pro Forex Margin: 0.45%
Total Markets: 17,000
Forex Pairs: 51
Commodities: 38
Indices: 34
UK Stocks: 3,925
US Stocks: 6,352
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.3 points
UK Shares: 0.10%
US Shares: 0.10%
Open Account
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

Minimum Stake: 50p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 9,300
Forex Pairs: 71
Commodities: 33
Indices: 22
UK Stocks: 629
US Stocks: 3,441
EURUSD: 0.7 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.3 points
UK Shares: 0.10%
US Shares: 2¢ per share
Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

Pepperstone

Minimum Stake: 50p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.2%
Pro Forex Margin: 0.5%
Total Markets: 178
Forex Pairs: 36
Commodities: 16
Indices: 14
UK Stocks: 0
US Stocks: 64
EURUSD: 0.13 pips
UK 100: 3 points
Wall Street: 2.4 points
Gold: 0.5 points
UK Shares: na
US Shares: na
Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Spreadex Financials

Spreadex

Minimum Stake: 1p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.5%
Pro Forex Margin: 0.5%
Total Markets: 10,000
Forex Pairs: 53
Commodities: 21
Indices: 37
UK Stocks: 2,000
US Stocks: 500
EURUSD: 0.6 pips
UK 100: 1 point
Wall Street: 2.4 points
Gold: 0.4 points
UK Shares: 0.1%
US Shares: 0.15%
Open Account 69% of retail investors lose money when trading spread bets and CFDs with this provider

City Index

Minimum Stake: £1
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: 0.25%
Pro Forex Margin: 0.25%
Total Markets: 12,000
Forex Pairs: 84
Commodities: 25
Indices: 21
UK Stocks: na
US Stocks: na
EURUSD: 0.5 pips
UK 100: 1 point1
Wall Street: 3.5 points
Gold: 0.8 points
UK Shares: 0.18%
US Shares: 2¢ per share
Open Account 74% of retail investor accounts lose money when trading CFDs with this provider

ETX Capital

Minimum Stake: 25p
Minimum Deposit £100
Index Margin: 5%
Forex Margin: 3.33%
Pro Index Margin: na
Pro Forex Margin: na
Total Markets: 5,000
Forex Pairs: 60
Commodities: 25
Indices: 34
UK Stocks: 350
US Stocks: na
EURUSD: 0.6 pips
UK 100: 1 point1
Wall Street: 4 points
Gold: 0.4 points
UK Shares: 0.1%
US Shares: 2¢ per share
ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider


Best Brokers For Pairs Trading The Forex Market

All the forex brokers are authorised and regulated by the Financial Conduct Authority where client funds are segregated and protected under FSCS. Note: If you want to convert one currency to another and send money abroad you need a currency broker.

Featured Forex BrokerForex Account OptionsKey Forex FactsStandard Forex CostsMore Info

IG

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 51
Standard Margin: 3.33%
Pro Margin: 0.45%
Minimum Deposit: £250
Inactivity Fee: £12 pm
HQ: London, UK
EURUSD: 0.6 pips
GBPUSD: 0.9 pips
USDJPY: 0.7 pips
EURGBP: 0.9 pips
AUDUSD: 0.6 pips
Overnight Financing: 0.0022%
Open Account
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 71
Standard Margin: 3.33%
Pro Margin: na
Minimum Deposit: £100
Inactivity Fee: £10 pm
HQ: London, UK
EURUSD: 0.7 pips
GBPUSD: 0.9 pips
USDJPY: 0.7 pips
EURGBP: 0.11 pips
AUDUSD: 0.14 pips
Overnight Financing: 0.0027%
Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

Pepperstone

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 36
Standard Margin: 3.33%
Pro Margin: na
Minimum Deposit: £100
Inactivity Fee: £0
HQ: Melbourne, Australia
EURUSD: 0.13 pips
GBPUSD: 0.44 pips
USDJPY: 0.25 pips
EURGBP: 0.41 pips
AUDUSD: 0.14 pips
Overnight Financing: Variable
Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Saxo Capital Markets

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 182
Standard Margin: 3.33%
Pro Margin: 1.5%
Minimum Deposit: £500
Inactivity Fee: £25 pq
HQ: Copenhagen, Denmark
EURUSD: 0.6 pips
GBPUSD: 0.7 pips
USDJPY: 0.6 pips
EURGBP: 0.7 pips
AUDUSD: 0.6 pips
Overnight Financing: +/- 0.75%
Open Account 70% of retail investor accounts lose money when trading CFDs with this provider
Interactive Brokers

Interactive Brokers (IBKR)

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 23
Standard Margin: 3.33%
Pro Margin: 3%
Minimum Deposit: $100
Inactivity Fee: $20 pm
HQ: Connecticut, USA
EURUSD: 0.20 basis points
GBPUSD: 0.20 basis points
USDJPY: 0.20 basis points
EURGBP: 0.20 basis points
AUDUSD: 0.20 basis points
Overnight Financing: 0.000043%
Open Account 64% of retail investor accounts lose money when trading CFDs with IBKR

XTB XTB Brokers

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 48
Standard Margin: 3.33%
Pro Margin: na
Minimum Deposit: £100
Inactivity Fee: €20 pm
HQ: Warszawa, Poland
EURUSD: 0.6 pips
GBPUSD: 0.9 pips
USDJPY: 0.7 pips
EURGBP: 0.9 pips
AUDUSD: 0.17 pips
Overnight Financing: Variable
Open Account 79% of retail investor accounts lose money when trading CFDs with this provider

Spreadex Financials

Spreadex

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 60
Standard Margin: 3.33%
Pro Margin: 0.45%
Minimum Deposit: £100
Inactivity Fee: £0
HQ: St Albans, UK
EURUSD: 0.6 pips
GBPUSD: 0.9 pips
USDJPY: 0.7 pips
EURGBP: 0.9 pips
AUDUSD: 0.6 pips
Overnight Financing: Variable
Open Account 69% of retail investors lose money when trading spread bets and CFDs with this provider

Plus 500

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 39
Standard Margin: 3.33%
Pro Margin: 0.0033%
Minimum Deposit: £100
Inactivity Fee: $10 pm
HQ: Haifa, Israel
EURUSD: 0.8 pips
GBPUSD: 0.13 pips
USDJPY: 1 pips
EURGBP: 1.5pips
AUDUSD: 0.8pips
Overnight Financing: Variable
Open Account 76.4% of retail investor accounts lose money when trading CFDs with this provider

City Index

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 84
Standard Margin: 3.33%
Pro Margin: 0.25%
Minimum Deposit: $50
Inactivity Fee: $10 pm
HQ: Limassol, Cyprus
EURUSD: 0.5 pips
GBPUSD: 0.9 pips
USDJPY: 0.6 pips
EURGBP: 0.9 pips
AUDUSD: 0.5 pips
Overnight Financing: Variable
Open Account 74% of retail investor accounts lose money when trading CFDs with this provider

eToro

CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 47
Standard Margin: 3.33%
Pro Margin: na
Minimum Deposit: £100
Inactivity Fee: £12 pm
HQ: London, UK
EURUSD: 0.3 pips
GBPUSD: 0.4 pips
USDJPY: 0.2 pips
EURGBP: 0.4 pips
AUDUSD: 0.1 pips
Overnight Financing: +/- 1%
Open Account 75% of retail investor accounts lose money when trading CFDs with this provider
Fineco CFDs:
Spread Betting:
DMA FX:
Pro Account:
Forex Options:
Forex Pairs: 53
Standard Margin: 3.33%
Pro Margin: 1%
Minimum Deposit: £100
Inactivity Fee: £0
HQ: Reggio Emilia, Italy
EURUSD: 0.8 pips
GBPUSD: 1 pips
USDJPY: 0.3 pips
EURGBP: 0.5 pips
AUDUSD: 0.1 pips
Overnight Financing: Variable
Open Account 70.50% of retail investor accounts lose money due to CFD trading with FinecoBank

Best DMA Brokers For Pairs Trading With Direct Market Access

Compare brokers that offer Direct Market Access (DMA) who are authorised and regulated by the FCA.  Use DMA to get inside the price and reduce your trading costs by getting better prices.

DMA BrokerDMA AccessDMA ExecutionAccount TypesCEO InterviewMore Info

IG

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:

June Felix, IG CEO

Read June Felix CEO Interview

Visit IG

IG Reviews
CEO Interview
Your capital is at risk. 76% of retail CFD accounts lose money

Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:
Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Visit Saxo

Saxo Reviews
Interactive Brokers

Interactive Brokers (IBKR)

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:

Thomas Peterffy

Visit IBKR

IBKR Reviews
Fineco Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
CFD
Spreadbetting:

Paolo Di Grazia, Fineco General Manager Paolo Di Grazia, Fineco GM

Visit Fineco

Fineco Reviews

Best MT4 Brokers For Pairs Trading With Metatrader 4

MT4 or MetaTrader 4 is currently offered by over 600 brokers worldwide. Compare the top MT4 brokers to ensure you get the best pricing, tools, analysis, welcome bonus and features.

Featured MT4 BrokerMT4 Account OptionsMT4 Key factsMT4 Trading CostsMore Info

IG

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 17,000
Forex Pairs: 51
Commodities: 38
Indices: 34
UK Stocks: 3,925
US Stocks: 6,352
EURUSD: 0.6 pips
GBPUSD: 0.9 pips
UK 100: 1 point
Wall Street: 2.4 points
Overnight Financing: 0.0022%
Open Account
Your capital is at risk. 76% of retail CFD accounts lose money

CMC Markets

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 9,300
Forex Pairs: 71
Commodities: 33
Indices: 22
UK Stocks: 629
US Stocks: 3,441
EURUSD: 0.7 pips
GBPUSD: 0.9 pips
UK 100: 1 point
Wall Street: 2.4 points
Overnight Financing: 0.0027%
Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider

Pepperstone

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 178
Forex Pairs: 36
Commodities: 16
Indices: 14
UK Stocks: 0
US Stocks: 64
EURUSD: 0.13 pips
GBPUSD: 0.44 pips
UK 100: 3 points
Wall Street: 2.4 points
Overnight Financing: Variable
Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Saxo Capital Markets

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 19,999
Forex Pairs: 57
Commodities: 19
Indices: 23
UK Stocks: na
US Stocks: na
EURUSD: 0.6 pips
GBPUSD: 0.7 pips
UK 100: 1 point
Wall Street: 3 points
Overnight Financing: +/- 0.75%
Open Account 70% of retail investor accounts lose money when trading CFDs with this provider

XTB XTB Brokers

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 1,981
Forex Pairs: 48
Commodities: 22
Indices: 42
UK Stocks: 203
US Stocks: 1,053
EURUSD: 0.6 pips
GBPUSD: 0.9 pips
USDJPY: 0.7 pips
EURGBP: 0.9 pips
AUDUSD: 0.17 pips
Overnight Financing: Variable
Open Account 79% of retail investor accounts lose money when trading CFDs with this provider

ETX Capital

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 5,000
Forex Pairs: 60
Commodities: 25
Indices: 34
UK Stocks: 350
US Stocks: na
EURUSD: 0.5 pips
GBPUSD: 0.9 pips
UK 100: 0.9 point
Wall Street: 2 points
Overnight Financing: Variable
ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider

City Index

MT4 CFDs:
MT4 Spread Betting:
MT4 DMA :
Pro Account:
MT4 Scalping:
Total Markets: 12,000
Forex Pairs: 84
Commodities: 25
Indices: 21
UK Stocks: na
US Stocks: na
EURUSD: 0.5 pips
GBPUSD: 0.9 pips
UK 100: 1 point1
Wall Street: 3.5 points
Overnight Financing: Variable
Open Account 74% of retail investor accounts lose money when trading CFDs with this provider

Best Brokers For Trading Option Strategies

Use our comparison tables to compare the best UK based options brokers authorised and regulated by the FCA. Choose or switch to an option broker that offers the most markets, best pricing and client security.

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Saxo Capital

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting
Andrew Edwards Saxo Capital Markets UK CEO Read Andrew Edwards CEO Interview Open Account
Interactive Brokers

Interactive Brokers (IBKR)

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting

Thomas Peterffy

Open Account

IG

Stocks:DMA
FX:
Index:CFD
Commodities:CFDs
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting

June Felix, IG CEO

Read June Felix CEO Interview

Open Account

Linear Investments

Stocks:
FX:
Index:
Commodities:
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting

Jerry Lees

Linear Services
Fineco Stocks:DMA
FX:
Index:CFD
Commodities:CFDs
Voice:
Online:
Strategy:
Prime:
DMA:
Futures:
Options:
CFD
Spreadbetting

Paolo Di Grazia, Fineco General Manager Paolo Di Grazia, Fineco GM

Open Account

Compare Prime Brokers

Use our comparison service to get the best access, rates, execution and service for your hedge fund from the most appropriate prime brokers based in the UK.