10 Best Forex Brokers In UK in 2025 FCA Regulated

51%(eToro) – 80% of retail investor accounts lose money when trading spread bets and/or CFDs with these providers. You should consider whether you understand how spread bets, CFDs and other products work , and whether you can afford to take the high risk of losing your money. https://www.xcritical.com/ City Index has one of the lowest spreads available as one of the best UK forex brokers, making them an excellent choice for beginners. They also have a low initial deposit of only £100 as well as a comprehensive suite of training resources to help beginners all the way through to advanced forex traders. This includes webinars and videos, articles, platform tutorials, risk management tools, daily market analysis, and training. Most of the best forex brokers also offer a risk-free demo account which allows both beginners and experts to test out the service and place virtual trades in the trading platforms.

Do UK Forex Brokers Provide Negative Balance Protection?

For example, below is the screenshot from Pepperstone UK’s website where they highlight the difference in leverage for Professional clients. Here is a table showing spreads of certain CFDs on Pepperstone UK’s website. If you are a UK resident looking to trade forex, you should know a few things. You can check if a broker is authorized by the Financial Conduct Authority (FCA) by Initial exchange offering going to the FCA Financial Services Register website and searching the broker’s name. In this section, we cover the key points to consider when opening up a brokerage account in the UK.

Saxo Markets — Popular Forex and CFDs Broker

You can access forex trading and any other assets you are interested in, all from the app. The research, trading platform, and asset details are at your fingertips. Forex.com is a leading global currency trading platform that appeals to high-volume traders due to its fast execution turnkey forex solution services.

Frequently asked questions about UK forex brokers (FAQs)

The strength of the global economy still looks uncertain coming into 2024. The US dollar remains weak, and other major currencies — including the British pound — are struggling amid ongoing worldwide political tension. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblinks is present pursuant to an advertisingarrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, andis not responsible for the accuracy of any products or services discussed.

– Good TradingView Forex Broker

Usability and layout are all important elements, as are tools such as automated trading options, strategy builders, and alerts. This level of regulation should be considered the minimum when selecting a forex trading platform in order to ensure the correct levels of protection for you and your funds. This can be confirmed on the FCA’s own website, where they supply a register of all forex brokers in the UK who adhere to these standards. We were most impressed that the Plus500 mobile app includes all the same charting and analysis tools as the web trader. We tested the advanced charting and drawing tools and found they provided a comprehensive on-the-go experience.

• 51%(eToro) – 80% of retail investor accounts lose money when trading spread bets and/or CFDs with these providers.
• The Prudential Regulation Authority and the Financial Conduct Authority regulate Fineco Bank.
• The best forex brokers in several jurisdictions, including the UK, are required to use Know Your Customer (KYC) procedures.
• There is no specific amount that applies to every trader or forex brokers.
• Finally, high-volume trading forex is mostly suited for aggressive traders that jump on opportunities when they arise.

Impressively, amidst this variety, IG Group sustains low average spreads. Opt for simplicity in trading fees with City Index’s outstanding Standard account, featuring low average spreads and commission-free trading. The broker boasts 0.7 pips on EUR/USD and 0.6 pips on GBP/USD—significantly below the industry average of 1.24 pips.

Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. With MT4 being a third-party tool, it is expected to have slower execution speeds for brokers, as they require an extra connection to the broker.

This is how financial markets ebb and flow in line with economic, financial, and political news. Floating currencies are constantly moving up and down in value against other currencies. These are usually small changes in movement, as small as a fraction of a cent higher or lower at the end of a trading day. However, this can change dramatically at the hands of extreme economic or political news. In this instance, there can be wild swings in price, such as a 10% fall in value the day after the UK voted to leave the European Union.

AvaTrade stands out for providing access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), making it a feature-rich secondary option. It is regulated by multiple authorities, including the FCA, which adds to its credibility. AvaTrade has a medium search volume, with a significant following on social media platforms and positive user reviews, reflecting its strong market presence and reliability. Convenient and secure deposit and withdrawal options are essential for managing your funds effectively. Look for brokers that offer a variety of payment methods, including bank transfers, credit/debit cards, and e-wallets.

To check, you should visit the broker’s website & see the instruments page. Pepperstone for example mention their asset classes under this section & you can check every asset class like this. There are a few factors that you must consider before signing up with any forex broker. We have created this checklist of some important points and also covered examples of how you can check these points yourself for a broker. FXEmpire has been reviewing brokers since 2010 and has pioneered the in-depth evaluation of CFD brokers.

IG is not only one of the oldest and largest Forex brokers, but also has one of the largest ranges of Trading and spread betting products. They even claim to have invented spread betting and let you choose from 4 trading platforms. For this guide, we selected forex brokers that accept clients from the UK and are regulated by the UK Financial Conduct Authority (FCA).

Most forex brokers have their EU entity registered with Cyprus Securities and Exchange Commission (CySEC). In addition, forex brokers cannot use clients’ fund to settle their debts. The Financial Conduct Authority (FCA) prioritizes the safety of your funds as a trader.

Being active on social media can be a good indicator of how much they value the modern customer experience. Some of the best forex brokers are on Instagram and other popular channels, such as Facebook and Twitter. Beginners may want to start trading with stable and liquid pairs such as the EUR/USD and EUR/JPY. Putting these at the top of your list will help you choose good FX brokers with low spreads for these pairs. You may even find top forex brokers offering zero pip spreads on some majors. Yes, CMC Markets provides a free demo account with virtual funds for traders to practice and familiarize themselves with the trading platform and instruments.