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THE BEST FOREX BROKERS FOR UK TRADERS

A List of the Top UK Forex Brokers

The Leading Forex Brokers in the UK

"Traders based in the UK have a distinct advantage - they have the best and most diverse Forex brokers available.

The best brokers are highly regulated and offer a reliable trading service with tight spreads"

My recommended UK Forex brokers are ranked by...

- Regulation

- Optional high leverage
- The tightness of spreads

- The variety of markets offered

- Overnight fees and other costs

- My personal trading experience with them

- The ease of depositing and withdrawing funds

UK-based Forex brokers are the best in the industry. High regulation, being in a financial centre and developed country, and decades of brokerage experience, make London-based Forex brokers unbeatable.

This page lists the top Forex brokers available to UK clients. These brokers are both based in the UK and outside of the UK.

I have traded with most of the brokers on this page. I have active trading accounts with many of them.

THE LEADING BROKERS FOR UK CLIENTS

CFD TRADING

CFD trading is the only way for a retail trader to have a professional trading experience. 

CFDs mirror the spot Forex market. They are like trading on the actual Forex Exchange market. 

I trade CFDs daily. They are my primary way of making money from the markets. 

The Best UK CFD Brokers

Below are my most recommended brokers for UK traders.

I have more specific guides for high-leverage brokers and brokers with the tightest spreads. If you need a broker for demo trading, go to my free Forex demo trading accounts.

Darwinex
Darwinex UK Broker

Regulation: FCA

Office HQ: London, UK

Leverage: 1:30 (FCA standard). Higher leverage available on professional trading accounts

Platforms: MT4, MT5 

Markets

Forex Pairs - over 40 currency pairs

Indices - 10 stock indices 

Metals - Gold & Silver against the Dollar 

Energies - Natural Gas and Oil

Stocks - Major US stocks

ETFs - Major US ETFs

Typical Spreads

AUDUSD 0.5 pips

EURGBP 0.5 pips

EURUSD 0.2 pips 

GBPUSD 0.5 pips

NZDUSD 0.8 pips

USDCAD 0.8 pips

USDCHF 0.8 pips

USDJPY 0.6 pips

GOLD 0.10 pips 

Quick Summary: Fantastic customer service and very reliable. Trustworthy. An excellent trading experience. The tightest spreads available for an FCA-regulated and London-based broker. Darwinex is highly recommended. Open an account.

IG Markets
IG Forex Broker

Regulation: FCA

Office HQ: London, UK

Leverage: 1:30 (FCA standard). Higher leverage available on professional trading accounts

Platforms: IG Online Platform, IG Mobile App, MT4, L2 Dealer, ProRealTime

Markets

Forex Pairs - over 90 currency pairs

Indices - over 70 stock indices 

Metals - over 10 precious metals

Energies - 9 energies 

Softs - 20 soft commodities 

Stocks - US, UK, Germany, France, Australia, and more

ETFs - thousands

Options - Forex, stock, commodity, and index options

Bonds - various

Rates - various

Cryptocurrencies - 15 cryptos

 

Typical Spreads

AUDUSD 0.6 pips

EURGBP 0.9 pips

EURUSD 0.6 pips 

GBPUSD 0.9 pips

NZDUSD 1.8 pips

USDCAD 1.2 pips

USDCHF 1.5 pips

USDJPY 1 pip

GOLD 0.30 pips 

Quick Summary: IG offers a range of markets. Over 17,000 in total! Their online trading platform is the best I have ever used and is ideal for new traders. Spreads and fees are higher than other brokers. Open an account.

Pepperstone
CFD Broker

Regulation: FCA

Office HQ: Melbourne, Australia

Leverage: 1:30 (FCA standard). Higher leverage available on professional trading accounts

Platforms: TradingView, MT4, MT5, cTrader

Markets

Forex Pairs - over 60 currency pairs

Indices - over 20 stock indices 

Metals - 15 precious metals

Energies - 4 energies 

Softs - over 15 soft commodities 

Stocks - US, UK, German, and Australian shares 

ETFs - over 100 ETFs

 

Typical Spreads

AUDUSD 0.3 pips

EURGBP 0.4 pips

EURUSD 0.1 pips 

GBPUSD 0.6 pips

NZDUSD 0.7 pips

USDCAD 0.6 pips

USDCHF 0.5 pips

USDJPY 0.6 pips

GOLD 2.0 pips 

Quick Summary: Pepperstone is a well-balanced broker. FCA regulated, an excellent range of markets, and various trading platforms, including TradingView, with very low spreads and good customer service. Open an account.

SPREAD BETTING

Spread betting profits are tax-free. This is the main attraction to spread betting vs. CFD trading. 

Spread betting is exclusive to UK traders. It is a simplified and effective way to trade Forex, indices, commodities, and other financial markets. 

Spread-betting brokers also offer indices, stocks, and metals.

The Best Spread Betting Brokers

Below are my most recommended spread betting brokers.

Spread-betting brokers have wider spreads than CFD brokers but do not charge trading commissions. Overnight fees are also generally higher, so spread betting is more suitable for short-term trading, such as day trading.

IG Markets
IG Broker Logo

Regulation: FCA

Office HQ: London, UK

Leverage: 1:30 (FCA standard). Higher leverage available on professional trading accounts

Platforms: IG Online Platform, IG Mobile App, MT4, L2 Dealer, ProRealTime

Markets

Forex Pairs - over 90 currency pairs

Indices - over 70 stock indices 

Metals - over 10 precious metals

Energies - 9 energies 

Softs - 20 soft commodities 

Stocks - US, UK, Germany, France, Australia, and more

ETFs - thousands

Options - Forex, stock, commodity, and index options

Bonds - various

Rates - various

Cryptocurrencies - 15 cryptos

 

Typical Spreads

AUDUSD 0.6 pips

EURGBP 0.9 pips

EURUSD 0.6 pips 

GBPUSD 0.9 pips

NZDUSD 1.8 pips

USDCAD 1.2 pips

USDCHF 1.5 pips

USDJPY 1 pip

GOLD 0.30 pips 

Quick Summary: IG offers a range of markets. Over 17,000 in total! Their online trading platform is the best I have ever used and is ideal for new traders. IG offers both CFD and spread betting accounts. Open an account.

Pepperstone
Pepperstone spread betting broker

Regulation: FCA

Office HQ: Melbourne, Australia

Leverage: 1:30 (FCA standard). Higher leverage available on professional trading accounts

Platforms: TradingView, MT4, MT5, cTrader

Markets

Forex Pairs - over 60 currency pairs

Indices - over 20 stock indices 

Metals - 15 precious metals

Energies - 4 energies 

Softs - over 15 soft commodities 

Stocks - US, UK, German, and Australian shares 

ETFs - over 100 ETFs

 

Typical Spreads

AUDUSD 0.3 pips

EURGBP 0.4 pips

EURUSD 0.1 pips 

GBPUSD 0.6 pips

NZDUSD 0.7 pips

USDCAD 0.6 pips

USDCHF 0.5 pips

USDJPY 0.6 pips

GOLD 2.0 pips 

Quick Summary: Pepperstone is a well-balanced broker. FCA regulated, an excellent range of markets, and various trading platforms, including TradingView, with very low spreads and good customer service. Open an account.

CMC Markets
FCA Spread Betting Broker

Regulation: FCA

Office HQ: London, UK

Leverage: 1:30 (FCA standard). Higher leverage available on professional trading accounts

Platforms: MT4, Online Web Trader, Mobile App

Markets

Forex Pairs - over 330 currency pairs

Indices - over 80 indices 

Metals - 5 precious metals

Energies - 5 energies

Softs - 5 soft commodities 

Stocks - over 10,000 equities 

ETFs - over 1,000 ETFs

Treasuries

 

Typical Spreads

AUDUSD 0.7 pips

EURGBP 1.0 pip

EURUSD 0.6 pips 

GBPUSD 1.0 pip

NZDUSD 1.3 pips

USDCAD 1.3 pips

USDCHF 1.2 pips

USDJPY 0.8 pips

GOLD 0.25 pips 

Quick Summary: CMC Markets are financial market veterans. Their brokerage business has been around for a long time. They offer a wide range of markets, tight spreads, and FCA regulation. They are one of the best Forex brokers. Open an account.

FCA REGULATION

Every Forex broker registered with offices in the UK must be FCA regulated. This regulation is one of the reasons why UK brokers are desirable. 

IF YOUR BROKERS FAIL, the FCA compensation scheme​ protects capital up to £85,000. 

FCA-regulated brokers also offer negative balance protection. Meaning you can lose up to your trading account balance.

 

Below is a list of FCA-regulated Forex brokers.

ActivTrades - open an account

Admiral Markets - open an account

City Index - open an account

CMC Markets - open an account

Darwinex - open an account 

eToro - open an account

FXCM - open an account

FxPro - open an account

IG Markets - open an account 

IronFX - open an account

Oanda - open an account

Pepperstone - open an account 

Plus500 - open an account

Saxo Bank - open an account

Tickmill - open an account

Trading 212 - open an account

XM - open an account

NON-UK-BASED BROKERS

There are some advantages to trading with a broker outside of the UK. The main advantage is leverage. 

High leverage enables a trader to make high returns with small capital. It can also lead to significant losses. 

The concern with brokers outside of the UK is the regulation. Not all financial regulators are equal. 

Below is a trustworthy broker that offers high-leverage 

IC Markets - Leverage of up to 1:500 - Open a demo account

IC Markets Broker

IC Markets offers zero spreads across major Forex pairs and ultra-tight spreads across the board. 

MetaTrader 4 desktop, MT4 mobile app, and MT4 WebTrader are the available trading platforms. They also offer cTrader.

Over 61 Forex pairs and a wide range of indices, metals, futures, bonds, commodities, stocks, and cryptocurrencies are available on all platforms with adjustable leverage. 

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