GBP/USD CFD

 GBP/USD

The British Pound Sterling (GBP) against the United States dollar (USD)

GBPUSD is charcterized by tight spreads, high volatility, large swings, and correlation to EURUSD

 

■ Forex Pair: The British Pound Sterling (GBP) against the United States dollar (USD)

■ Forex Slang: CABLE

■ Central Banks: BoE (» visit) against the FED (» visit)

■ Currency Reserves: $164 billion (UK) against $121 billion (US)

■ Population: 63.7 million (UK) against 319 million (US)

■ GDP: $2,760 billion (UK) against $18,600 billion (US)

■ DEBT/GDP: 89% (UK) against 107.5% (US)

■ Current Account: -$123.5 billion (UK) against -$484 billion (US)

 

GBP/USD is one of the most heavily traded Forex pairs in the market. The United Kingdom is a leading financial center worldwide and a very important player in the Forex market. On the other hand, the US Dollar is the most traded currency in the world, involved in about 85% of all currency transactions.

GBP/USD is a relatively high-volatile pair characterized by very fast and very strong swings of 2,000 pips, or even more.

 

These are some key facts about GBPUSD:

-The British pound is involved in about 13% of all currency transactions

-The US Dollar is involved in about 85% of all currency transactions

-GBP/USD is highly correlated to EUR/USD (positive correlation between +0.8 and +0.9)

-Both currencies (GBP, USD) are commonly used as Reserve Currencies by global central banks

-GBPUSD is one of the top choices of day traders and scalpers 

 

Compare the GBP/USD Trading Conditions

These are some regulated CFD providers offering Forex trading, all brokers provide segregated client bank accounts and have been in the market for a period of at least 5 years.

CFD  PROVIDER

ASSET INDEX

PLATFORMS

ACCOUNT INFO

OPEN ACCOUNT

DUKASCOPY

Part of Dukascopy Swiss Group

Regulated: MiFID, FCMC

 

■ ECN TRADING: YES (SWFX MARKET)

SPREADS:

GBP/USD: 0.4 pip plus trade commissions $3.5   full-traded /lot

 

60+ FOREX PAIRS

·Major Pairs

·Forex Crosses

·Exotic Pairs

-Indices, Gold, Silver, Crude Oil, and many shares from Germany

■ Jforex Platform

■ WebTrader

■ JavaTrader

■ Mobile Traders

 

PAMM ACCOUNTS:  YES

AUTOMATED TRADING: YES

SCALPING:  YES

$100  Minimum Deposit Amount

  • Bank Wire
  • Credit Cards

 

WELCOME BONUS:

10% un a policy

LEVERAGE: 

1:300

Open an account via the below rebate link and get 30% discount on all commissions paid for the 1st month (automatic link):

AUTOMATIC REBATE LINK:

►  Dukascopy Europe 30% Discount on all commissions

 

► Review Dukascopy

XM

XM (XeMarkets)

 

Regulated: CySEC, FCA (UK), ASIC

 

■ ECN TRADING: NO

SPREADS:

GBP/USD: 2.0  pip

 

50+ FOREX PAIRS

·Major Pairs

·Forex Crosses

·Exotic Pairs

-Indices, Metals, Energy, Soft Commodities

■ WebTrader

■ MetaTrader-4

■ MetaTrader-5

■ Mobile Traders

 

PAMM ACCOUNTS:  NO

AUTOMATED TRADING: YES

SCALPING:  YES

$5  minimum deposit

  • Liberty Reserve
  • Credit cards
  • Bank Wire
  • MoneyBookers
  • Neteller

(+) and more

 

LEVERAGE:

1:30

You can get a rebate from XM up to $6.0 per lot:

► Forex-Rebates.com

 

WEBSITE:

►  XM Web

 

REVIEW:

► Review XM

FXCC

Regulated: CySEC, MiFID, FCA (UK)

 

■ ECN TRADING: YES

SPREADS:

GBP/USD: 1.5  pip

 

30+ FOREX PAIRS

·Major Pairs

·Forex Crosses

·Exotic Pairs

-Indices, Metals, Energy

■ MetaTrader4

■ Sirix WebTrader

■ Mobile Traders

 

PAMM ACCOUNTS:  YES

AUTOMATED TRADING: YES

SCALPING:  YES

$100  Minimum Deposit Amount

  • MoneyBookers
  • Bank Wire
  • Credit Cards
  • WebMoney
  • Neteller

*You can withdraw your profits only via Bank Wire

 

BONUS:

30-100%

LEVERAGE: 

1:300

WEBSITE:

►  FXCC Web

 

REVIEW:

► Review FXCC

HOTFOREX

 

Regulated: CySEC, MiFID, registered with FCA (UK)

 

■ ECN TRADING: YES (CURRENEX)

SPREADS:

GBP/USD: 1.6 pip

 

43 FOREX PAIRS

·Major Pairs

·Forex Crosses

·Exotic Pairs

 

-Indices, Shares, Metals, Energy, Soft Commodities

■ MetaTrader4

■ WebTrader

■ Mobile Traders

 

PAMM ACCOUNTS:  YES

AUTOMATED TRADING: YES

SCALPING:  YES

Free VPS Server for deposits of more than $5,000

$5  Minimum Deposit Amount (prefer to open a CurreneX account with minimum deposit $500, better conditions)

  • Netbanx
  • Union Pay
  • Neteller
  • Bank Wire
  • Credit Cards
  • MoneyBookers
  • iDeal
  • Sofort
  • TrustPay

(+) and more

 

WELCOME BONUS:

40-100%

LEVERAGE: 

1:1,000

You can get a rebate from XM up to $6.4 per lot:

► Forex-Rebates.com

 

WEBSITE:

►  HotForex Web

 

REVIEW:

► Review HotForex

 

 

PAIRS: EUR/USD | USD/JPY | USD/CHF | EUR/GBP

 

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