We found 11 online brokers that are appropriate for Trading UK Forex Brokers.
Following the economic crisis of 2008, the search for the best Forex brokers - UK is on the rise. Lately, the industry has been flooded with more online brokerage houses. It should be noted that Forex trading in the United Kingdom has become highly competitive. With this in mind, it is true that only the strongest brokers survive. This means established brokers succeed by offering quality and trustworthy services.
In this article, titled 'Best Forex Brokers - UK', we will discuss how to find one of those trustworthy brokerage houses to establish one's trading needs.
Of course, some research is required before signing up with the best Forex brokers - UK. There are hundreds of brokers available online and each is trying to compete with the other. So, it can be said there is a plethora of choices.
Each broker in the search needs to comply with some criteria, for instance: if money is handled professionally and honestly, if the trading platform being offered is reliable, if the trading cost is competitive, and does it have a good customer support team.
Online Forex trading operates based on the global front. It is something like the Over the Counter (OTC) market. It is largely unregulated. This means there is ample room for scam brokers. However, it is not difficult to stay away from scammers. Regulated brokers operate within the strict guidelines and regulations imposed by regional regulatory agencies. Such regulated brokers exist in the UK, and also in major financial centers globally, like: Hong Kong, New York, Japan, and Singapore.
As Forex brokers operate in various jurisdictions, regulatory requirements differ. However, there are certain industry standards that are the same. They are followed by many brokers, irrespective of the base country. A couple important examples of this standard are keeping clients' accounts separate and maintaining a specific level of liquidity.
Traders in the UK are suggested to opt for such brokers who are regulated by the country's regulatory authorities. The Financial Conduct Authority (FCA) is the financial authority in the UK. It is an independent body that is financially supported by membership fees.
The FCA requires brokers to maintain a minimum of 1 million funds as operating capital. With the rise in the number of traders, the minimum balance needs to be strengthened. Below are the requirements for brokers.
Trading with reputed brokers means that one is protected while trading funds. It should also be checked whether the chosen broker is a member of the Financial Services Compensation Scheme (FSCS), which compensates traders if the broker announces insolvency.
The FSCS guarantees protection of up to 50,000 pounds. In a liquidation event, clients get the money in full, for up to 30,000 pounds and beyond. Maximum protection is 90 percent of the invested amount.
The trading platform needs to be good. Hence, before signing up with a broker, it is important to check it. The platform can be one of the best in the industry like MT4 or MT5. Some also provide a proprietary platform developed in-house.
Below are some of the features to look at in a trading platform.
It is important to check the spreads and commissions of a broker. It is also equally important to know the level of leverage being offered. Some of these are discussed below.
Most of the brokers charge zero commission on executed trades, but look for a small spread, which is the price difference between the bid price and ask price.
Some of the brokers follow a non-dealing desk (NDD) business model, and rely on commissions. Some brokers even charge for both spreads and commissions.
Apart from these two, it is important to know how much leverage a broker is offering. If it is 1:500, it is one of the best.
Some brokers charge high minimum deposits, while most of them charge zero, or low, minimum deposits. It is important to check what the minimum deposit is before signing up.
Finding one of the best Forex brokers UK is easy and non-complex, if the above mentioned factors are followed. But, it is more important to check what one's requirements are. A broker should fit into one's own trading strategy.
Before wrapping up, remember to always choose a regulated broker, whether in the UK or any other country in the world.
We have conducted extensive research and analysis on over multiple data points on Best Forex Brokers UK to present you with a comprehensive guide that can help you find the most suitable Best Forex Brokers UK. Below is a list of what we consider to be the best UK Forex Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Best Forex Brokers UK.
Selecting a reliable and reputable online UK Forex Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade UK Forex Brokers more confidently.
Selecting the right online UK Forex Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for UK Forex Brokers trading, it's essential to compare the different options available to you. Our UK Forex Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a UK Forex Brokers broker that best suits your needs and preferences for UK Forex Brokers. Our UK Forex Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top UK Forex Brokers.
Compare UK Forex Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a UK Forex Brokers broker, it's crucial to compare several factors to choose the right one for your UK Forex Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are UK Forex Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK Forex Brokers that accept UK Forex Brokers clients.
Broker |
IC Markets
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Roboforex
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eToro
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XM
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AvaTrade
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Pepperstone
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XTB
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Trading212
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FP Markets
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EasyMarkets
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SpreadEx
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 10 | 50 | 5 | 100 | 200 | No minimum deposit | 1 | 100 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 3,500,000+ | 300,000+ | 400,000+ | 581,000+ | 15,000,000+ | 10,000+ | 142,500+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with etoro |
Sign
Up with xm |
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Up with avatrade |
Sign
Up with pepperstone |
Sign
Up with xtb |
Sign
Up with trading212 |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 77% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XM Demo |
AvaTrade Demo |
Pepperstone Demo |
XTB Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, IN, PK, BD, NG , ID, BE, AU | US, CA | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
You can compare UK Forex Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top UK Forex Brokers for 2023 article further below. You can see it now by clicking here
We have listed top UK Forex Brokers below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.