Best UK Forex Brokers
Find below the best Forex and CFD brokers based in United Kingdom, mainly in London, England.
| # | Broker | Popularity | FCA | Min. Deposit |
ECN (min. deposit) |
MT4 | MT5 | |
|---|---|---|---|---|---|---|---|---|
| 1 |
|
705428 | £3 | ✓ | ✓ | > Visit → | ||
|
XM is a global broker with a strict no-requotes policy. It offers a unified account structure. Key strengths include negative balance protection and active support. A reliable choice suitable for both new and experienced traders. |
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| 2 |
|
717270 | £80 | £80 | ✓ | ✓ | > Visit → | |
|
Tickmill is a broker focused on keeping trading costs low. It offers competitive spreads and commissions. Key highlights include no requotes and allowance of all strategies including scalping. Essential for cost-conscious and professional traders. |
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| 3 |
|
509956 | n/a | ✓ | ✓ | > Visit → | ||
|
FxPro is a broker with a reputation for NDD (No Dealing Desk) execution. It offers multiple platforms and its own proprietary interface. Key features include execution statistics transparency, fund management tools, and support for algorithmic trading. A choice for serious traders requiring reliability and professional execution standards. |
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| 4 |
|
590299 | £40 | £400 | ✓ | ✓ | > Visit → | |
|
Vantage is a global multi-asset broker offering ECN infrastructure. It connects traders to deep liquidity for fast execution. Key features include professional tools packages and raw ECN accounts. Suitable for traders seeking speed, reliability, and professional-grade tools. |
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| 5 |
|
522157 | n/a | ✓ | > Visit → | |||
|
XTB is a stock exchange-listed broker, offering its proprietary xStation 5 platform. It provides access to real Stocks and ETFs alongside CFDs. Key features include market analysis tools and a clean platform interface. Suitable for traders who prefer a proprietary platform and value market research. |
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| 6 |
|
595450 | £1 | ✓ | ✓ | > Visit → | ||
|
Admirals is a global financial hub offering a vast selection of instruments, including Stocks, ETFs, Forex, and CFDs. It provides advanced analysis tools and a comprehensive educational section. Key features include a wide range of analytical resources, competitive spreads, and a diverse portfolio of tradable assets. It is a solid choice for traders looking for market depth and analysis. |
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| 7 |
|
684312 | £10 | £10 | ✓ | ✓ | > Visit → | |
|
Pepperstone is an Australian broker known for its competitive accounts and fast execution. It integrates with various advanced charting and trading platforms. Key features include institutional-grade spreads and no dealing desk intervention. A standard for scalpers and tech-savvy traders. |
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| 8 |
|
609970 | 100 € | 100 € | ✓ | > Visit → | ||
|
Fortrade offers a straightforward proprietary platform designed for simplicity. It provides access to a wide range of global CFDs with competitive fixed spreads. Key features include real-time market data and a clutter-free interface. Suited for traders who prefer a simple, streamlined trading experience over complex tools. |
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| 9 |
|
509909 | £80 | > Visit → | ||||
|
|
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| 10 |
|
585561 | £80 | £80 | ✓ | > Visit → | ||
|
IronFX is a global broker offering multiple account types to suit every trading style, from floating to fixed spreads. It is known for its live trading competitions. Key features include a massive range of instruments, localized support, and flexible leverage. Suitable for traders who enjoy flexible trading conditions. |
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| 11 |
|
434413 | £10 | ✓ | ✓ | > Visit → | ||
|
ActivTrades is an established broker known for its robust technological infrastructure and proprietary trading platform. It emphasizes fast execution speeds and offers smart order modules for advanced strategies. The broker maintains competitive spreads and transparent fee structures, creating a suitable environment for automated trading and experienced market participants. |
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XM
XM is a global broker with a strict no-requotes policy. It offers a unified account structure. Key strengths include negative balance protection and active support. A reliable choice suitable for both new and experienced traders.
| Popularity |
|
|---|---|
| Min. Deposit | £3 |
| ECN | |
| FCA | 705428 |
| Platforms | MT4 ✓ MT5 ✓ |
tickmill
Tickmill is a broker focused on keeping trading costs low. It offers competitive spreads and commissions. Key highlights include no requotes and allowance of all strategies including scalping. Essential for cost-conscious and professional traders.
| Popularity |
|
|---|---|
| Min. Deposit | £80 |
| ECN (min. deposit) | £80 |
| FCA | 717270 |
| Platforms | MT4 ✓ MT5 ✓ |
FxPro
FxPro is a broker with a reputation for NDD (No Dealing Desk) execution. It offers multiple platforms and its own proprietary interface. Key features include execution statistics transparency, fund management tools, and support for algorithmic trading. A choice for serious traders requiring reliability and professional execution standards.
| Popularity |
|
|---|---|
| ECN | |
| FCA | 509956 |
| Platforms | MT4 ✓ MT5 ✓ cTrader ✓ |
Vantage
Vantage is a global multi-asset broker offering ECN infrastructure. It connects traders to deep liquidity for fast execution. Key features include professional tools packages and raw ECN accounts. Suitable for traders seeking speed, reliability, and professional-grade tools.
| Popularity |
|
|---|---|
| Min. Deposit | £40 |
| ECN (min. deposit) | £400 |
| FCA | 590299 |
| Platforms | MT4 ✓ MT5 ✓ |
XTB
XTB is a stock exchange-listed broker, offering its proprietary xStation 5 platform. It provides access to real Stocks and ETFs alongside CFDs. Key features include market analysis tools and a clean platform interface. Suitable for traders who prefer a proprietary platform and value market research.
| Popularity |
|
|---|---|
| ECN | |
| FCA | 522157 |
| Platforms | MT4 ✓ |
admirals
Admirals is a global financial hub offering a vast selection of instruments, including Stocks, ETFs, Forex, and CFDs. It provides advanced analysis tools and a comprehensive educational section. Key features include a wide range of analytical resources, competitive spreads, and a diverse portfolio of tradable assets. It is a solid choice for traders looking for market depth and analysis.
| Popularity |
|
|---|---|
| Min. Deposit | £1 |
| ECN | |
| FCA | 595450 |
| Platforms | MT4 ✓ MT5 ✓ |
Pepperstone is an Australian broker known for its competitive accounts and fast execution. It integrates with various advanced charting and trading platforms. Key features include institutional-grade spreads and no dealing desk intervention. A standard for scalpers and tech-savvy traders.
| Popularity |
|
|---|---|
| Min. Deposit | £10 |
| ECN (min. deposit) | £10 |
| FCA | 684312 |
| Platforms | MT4 ✓ MT5 ✓ cTrader ✓ |
Fortrade offers a straightforward proprietary platform designed for simplicity. It provides access to a wide range of global CFDs with competitive fixed spreads. Key features include real-time market data and a clutter-free interface. Suited for traders who prefer a simple, streamlined trading experience over complex tools.
| Popularity |
|
|---|---|
| Min. Deposit | 100 € |
| ECN (min. deposit) | 100 € |
| FCA | 609970 |
| Platforms | MT4 ✓ |
IronFX is a global broker offering multiple account types to suit every trading style, from floating to fixed spreads. It is known for its live trading competitions. Key features include a massive range of instruments, localized support, and flexible leverage. Suitable for traders who enjoy flexible trading conditions.
| Popularity |
|
|---|---|
| Min. Deposit | £80 |
| ECN (min. deposit) | £80 |
| FCA | 585561 |
| Platforms | MT4 ✓ |
ActivTrades
ActivTrades is an established broker known for its robust technological infrastructure and proprietary trading platform. It emphasizes fast execution speeds and offers smart order modules for advanced strategies. The broker maintains competitive spreads and transparent fee structures, creating a suitable environment for automated trading and experienced market participants.
| Popularity |
|
|---|---|
| Min. Deposit | £10 |
| ECN | |
| FCA | 434413 |
| Platforms | MT4 ✓ MT5 ✓ |
In the United Kingdom, Forex trading is a popular form of investment and is regulated by the Financial Conduct Authority (FCA).
There are a number of Forex brokers based in the UK, many of which offer a wide range of currency pairs, as well as other financial instruments such as commodities, indices and stocks. These brokers typically offer a range of platforms, including web-based, desktop and mobile, to suit the needs of different traders.
Forex traders in the UK can take advantage of a number of benefits, including:
- Access to a wide range of currency pairs: UK-based Forex brokers offer a wide range of currency pairs, including major and minor pairs, as well as exotic pairs.
- Advanced trading tools and platforms: UK-based Forex brokers typically offer advanced trading tools and platforms, such as charting software and automated trading systems, to help traders make more informed decisions.
- Strong regulations: The FCA regulates the Forex market in the UK, which helps to ensure that traders are protected from fraudulent activities.
- Access to news and research: UK-based Forex brokers typically offer access to a wide range of news and research to help traders stay informed about the markets.
Overall, Forex trading in the United Kingdom is a popular and well-regulated form of investment, with traders having access to a wide range of currency pairs, competitive spreads and advanced trading tools and platforms.
FCA regulation in UK
Regulation of UK Forex brokers is done by the Financial Conduct Authority (FCA). The FCA is an independent agency that has the responsibility of regulating all financial companies and individual investors in the Forex trading market. FCA has the power to revoke licenses, audit company financials, oversee marketing to protect consumers.
Clients are covered by the Financial Services Compensation Scheme (FSCS) - In case of company becomes insolvent, FSCS can pay compensation to each client. The maximum level of compensation for claims against firms is £50,000 per person per firm.
Requirements for FCA regulated brokers
FCA-regulated forex brokers must adhere to a number of industry standards.
- Bank in which clients funds are held must be also regulated by the FCA.
- Funds of the clients must be separated from company funds of the company, clients' funds can never be used as company assets including the situation when the company becomes insolvent.
- Financial reports must be submited to the FCA regularly.
What is Forex?
Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.
Forex trading
Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.
What is a broker?
Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.
