Looking to trade with a UK broker? Not sure which UK broker is best for you? Or need to verify if your broker is truly regulated by UK FCA? 

We provide answers to all the questions in this article. We researched and compared over 30 UK brokers including their regulation status, spread & commission, the time for deposit & withdrawal and many more findings.

UK FCA Regulated Forex Brokers

UK forex brokers must obtain license from local authority Financial Conduct Authority (FCA). FCA is a top-tier regulatory body and a well-known authority with a great record, strict guidance to licensors and supervision, check FCA historical breakdown Wikipedia.

There is a guarantee in case of the broker insolvency provided by the FSCS (Financial Service Compensation Scheme) and protecting up to £80,000 per client. You can check your broker record via the FCA official website: www.fca.org.uk , and follow Twitter @TheFCA for the most recent updates.

Best Forex Brokers UK - FCA Regulation website
Best Forex Brokers UK – FCA Regulation website

Best Forex brokers in UK

To find the best forex brokers in the UK, we researched and compared over 89 UK FCA regulated brokers including license, spread & commission,  deposit & withdrawal time, trading platform, education &  tools, customer service and almost everything. Here is our list of the best forex brokers in the UK.

  • IG – Best Overall Forex Broker in UK
  • CMC Markets – Best Spread Betting Platform in UK
  • Plus500 – Best Forex Trading App in UK
  • OANDA – Best Trading Platform in UK
  • Pepperstone – Best MT4 & MT5 Broker in UK

What makes a good forex broker in UK?

There are 4 keys make good UK brokers which are license, trading conditions, education & tools, and customer support.

  • Must have a license from the UK regulator FCA to ensure trader’s fund is safe
  • Offer good trading conditions including competitive spreads, a huge pool of markets and trading instruments
  • Provide a good range of educational material to traders including tutorial videos, webinars and trading tools
  • Finally amazing customer service that provides quick answer and support to solve any issue traders encountered

Top 10 UK Forex Brokers List & Review

We also narrow the list of 89 forex brokers in UK down to the top 10 of our pick along each of our review in this table. All brokers below are regulated by UK FCA. You can see which broker might fit your need best.

Forex BrokerFCA RegulatedWhy they are our top picksOur Review
IGYesIG might be the best fit if you are looking for the best overall forex broker in UK. IG offers 12 markets (most brokers 4,5), 17000+ instruments, easy to trade platform, 100+ webinars per month and amazing customer support.Visit IG site

IG review
CMC MarketsYesCMC Markets might be the best fit if you are looking for a great spread betting platform. CMC Markets offers 11000 spread betting trading instruments and easy to use platform available web, iOS and Android.Visit CMC Markets site

CMC Markets review
Plus500YesPlus500 might be the best fit if you are looking for a great trading app on the go. Plus500 trading app is easy to use, with technical analysis tools, price alerts notifications and Deposit/Withdrawal can be done through app.Visit Plus500 site

Plus500 review
OANDAYesOANDA might be the best fit if you are looking for a great desktop trading platform. You can trade directly from 10+ chart types, customize layouts and access integrated market data and tools right on the platform.Visit OANDA site

OANDA review
PepperstoneYesPepperstone might be the best fit if you are trading with MT4 or MT5. Pepperstone offers both MT4 & MT5 and provides tools like Smart Trader, AutoChartist and VPS which works best with MetaTrader platforms.Visit Pepperstone site

Pepperstone review
FXTMYesFXTM might be the best fit if you are looking for an ECN account. FXTM offers 3 ECN accounts – ECN account, ECN Zero account & ECN Pro account.Visit FXTM site

FXTM review
eToroYeseToro might be the best for Copy Trading. You can pick from thousands (not hundreds – thousands) of top traders and copy their trades. eToro is best for number top traders and transparency of trader’s performance.Visit eToro site

eToro review
Trading 212YesTrading 212 might be the best fit if you are beginners in trading. Trading 212 is providing the best and easiest to understand video tutorials for beginners.Visit Trading 212 site

Trading 212 review
Admiral MarketsYesAdmiral Markets is one of the best fit if you are looking for a low spread broker. Admiral Markets EUR/USD avg spread at 0.6 which is 45% lower compared to other brokers at 1.1Visit Admiral Markets site

Admiral Markets review
TickmillYesTickmill might be the best fit if you are looking for a VIP account. With min. balance 50,000$ you get NDD execution with all strategies allowed, spreads from 0.0 pips and just 1 EUR commission per side.Visit Tickmill site

Tickmill review

More on UK Brokers

To get started with UK brokers it is better to narrow your selection with categories and compare Forex Brokers via the Broker Reviews.

UK Based Forex Brokers

After Brexit only UK based and FCA licensed broker can accept UK residents as clients. You can check record and information via FCA website for brokers like Tickmill or City Index.

UK Scalping Forex Brokers

Scalping as a trading strategy that requires multiple entries in a short period of time is not restricted by the FCA regulation. Most of the UK brokers allows scalping including City Index and Pepperstone brokers.

UK Best Forex Brokers for Beginners

Beginners should select broker with quality education and support service to start the path smoothly, we recommend to check IG broker or eToro for social trading to get started.

UK PayPal Forex Brokers

PayPal is a payment system that depending on the Broker proposal availability. Brokers like FXTM allows deposits via PayPal.  

ECN Forex Brokers UK

ECN Forex Brokers offering lowest spread and commission basis ECN accounts connecting your trades via the bridging technology to the market. Some of the best and true ECN environments providing Pepperstone.

Author of this review

By Jimmy O'Brien

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.

Leave a comment

Your email address will not be published. Required fields are marked *