10 Best Forex Brokers in The UK

 

The 10 Best Forex Brokers in the United Kingdom – Discover the best UK-licensed brokers trusted by local traders. Each platform is FCA-regulated, thoroughly tested, and ranked for performance, pricing, and reliability.

 

UK Forex Brokers Compared – Side by Side*

 

 

Here is a Breakdown of Topics covered in this comprehensive guide:

 

• A Detailed Ranking of the 10 Best Forex Brokers in the United Kingdom.
• A Breakdown of Account Types and Trading Platforms.
• A Thorough Examination of Regulatory Compliance and Legal Considerations.
• Essential Criteria for Selecting the Best Broker for Beginner and Advanced Traders.
• Key Insights into Broker-Specific Features, Fees, and Trading Tools.

 

and much, MUCH more!

 

The 10 Leading UK Forex Brokers’ Standout Feature.

 

 

Now let’s deep dive into each broker that made the list…

 

10 Best Forex Brokers in The UK (2025)

 

• IG – Top UK broker with low spreads, strong tools, and FCA regulation.
• Pepperstone – Best MT4 experience with fast execution and tight spreads.
• XTB – Advanced proprietary trading platform, robust charts and features.
• eToro – A Leader in social and copy trading with strategy mirroring.
• CMC Markets – Broad CFD offering, strong pricing, and platforms.
• ActivTrades – Specializes in spread betting with low spreads and leverage.
• OANDA – Low-cost trading with tight spreads and trusted risk management tools.
• FXCM – Robust mobile app with smooth multi-device access.
• Tickmill – Excellent Forex education via webinars, guides, and analysis.
• Axi – Strong affiliate program with high commissions and support.

 

Top 10 Forex Brokers (Globally)

 

 

1. IG

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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IG is authorised and regulated by the UK’s Financial Conduct Authority (FCA) via IG Markets Limited and IG Index Limited. As a result, it ensures strict financial standards, transparent practices, and full client fund protection under FCA compliance.

 

 

Frequently Asked Questions

 

Is IG regulated in the UK?

IG is regulated by the FCA under registration number 195355. Therefore, it offers strong oversight, ensures financial transparency, and safeguards client funds in line with the UK’s strict regulatory framework and compliance standards.

 

What UK entity does IG operate under?

IG operates in the UK through IG Markets Limited and IG Index Limited. Both are regulated by the FCA and therefore offer CFD trading and spread betting under strict financial guidelines and full regulatory compliance standards.

 

Pros and Cons

 

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

Get startedRead Review

 

Our Insights

IG is a highly trusted, FCA-regulated broker in the UK. Furthermore, the Financial Conduct Authority oversees its operations to ensure strong client protection, regulatory compliance, and overall market transparency and integrity for all types of traders.

 

Final Score

 

 

2. Pepperstone

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

Get startedRead Review

 

Pepperstone is authorised and regulated in the UK by the Financial Conduct Authority (FCA) under Firm Reference Number 684312, thereby ensuring client fund segregation, transparent operations, and strict compliance with financial standards for secure and fair trading.

 

 

Frequently Asked Questions

 

Is Pepperstone regulated in the United Kingdom?

Pepperstone is regulated by the UK’s Financial Conduct Authority (FCA) under Firm Reference Number 684312. Consequently, it ensures full compliance with strict financial regulations and provides strong client protection through transparency, fund security, and operational oversight.

 

What is the minimum deposit for UK traders on Pepperstone?

It has no minimum deposit requirement for UK accounts. As a result, traders of all experience levels can start trading with flexibility, ease of access, and full support, all within FCA regulatory standards and client protection measures.

 

Pros and Cons

 

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

Get startedRead Review

 

Our Insights

Pepperstone is an FCA-regulated UK broker known for its low spreads, powerful trading platforms, and accessible entry with no minimum deposit, making it a reliable and flexible choice for both beginner and experienced traders.

 

Final Score

 

 

3. XTB

 

★★★★

Minimum Deposit: $0 Regulated by: FCA, KNF, IFSC, CySEC Crypto: Yes

Get startedRead Review

 

XTB is regulated in the UK by the Financial Conduct Authority (FCA) under Firm Reference Number 522157. Therefore, it guarantees client fund segregation, transparent practices, and fair treatment, strengthening XTB’s reputation as a secure and reliable broker.

 

Broker	XTB
Accepts Traders in the UK	Yes
Regulation Number in the UK	FCA Reference Number: 522157
Local Offices	Yes
Trade with Local Currency (GBP)	Yes
Local Support	Yes
UK-Based Account	Yes
Minimum Deposit (GBP)	Varies by Account
Sign-Up Bonus	None
Fund Withdrawal Fee	Free for withdrawals above £50 - £5 fee for withdrawals below £50
Spreads From	Floating spreads starting from 0.9 pips<
Commissions	Yes
Investor Protection Schemes	Yes
Negative Balance Protection	Yes
Read Review
Open an Account

 

Frequently Asked Questions

 

Is XTB safe?

XTB is considered a safe broker, being publicly listed on the Warsaw Stock Exchange, regulated by top-tier authorities, and maintaining strict client fund segregation to ensure security and transparency for all traders.

 

What trading platform does XTB use?

XTB provides its proprietary xStation 5 platform, featuring fast execution, advanced charting tools, and an intuitive interface. Additionally, xStation Mobile allows traders to access markets conveniently from their mobile devices anytime, anywhere.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $0 Regulated by: FCA, KNF, IFSC, CySEC Crypto: Yes

Get startedRead Review

 

Our Insights

XTB is a well-regulated and trusted broker in the UK, offering a broad selection of CFDs, real stocks, and ETFs. Furthermore, it operates under FCA supervision and provides a user-friendly trading experience through its proprietary xStation 5 platform.

 

Final Score

 

 

4. eToro

 

★★★★

Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes

Get startedRead Review

 

eToro is regulated in the UK through its entity eToro (UK) Ltd, authorised by the Financial Conduct Authority (FCA) under Firm Reference Number 583263. FCA oversight ensures strict financial standards, including client fund segregation, transparency, and fair customer treatment.

 

 

Frequently Asked Questions

 

Is eToro safe?

eToro prioritizes safety by being regulated by top-tier authorities, segregating client funds, and employing advanced security measures to safeguard your data and ensure secure and trustworthy trading conditions.

 

What is the minimum deposit on eToro?

The minimum deposit to open an eToro account is usually $50, though this amount may vary based on your country of residence and the payment method you choose for funding your account.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes

Get startedRead Review

 

Our Insights

eToro is a well-regulated and secure platform offering a wide variety of trading options, including innovative social and copy trading features, making it a favored choice for both novice and experienced traders alike.

 

Final Score

 

 

5. CMC Markets

 

★★★★★

Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes

Get startedRead Review

 

CMC Markets is a UK-based financial services firm providing online trading in CFDs, spread betting, and forex. Additionally, it offers over 12,000 instruments, including shares, indices, commodities, and forex, along with spread betting (UK/Ireland only) and stockbroking via CMC Invest. Moreover, the proprietary Next Generation platform is available on the web and mobile.

 

Broker	CMC Markets
Accepts Traders in the UK	Yes
Regulation Number in the UK	FCA Reference Number: 173730
Local Offices	Yes
Trade with Local Currency (GBP)	Yes
Local Support	Yes
UK-Based Account	Yes
Minimum Deposit	None
Sign-Up Bonus	None
Fund Withdrawal Fee	Free for withdrawals to UK bank accounts.
Spreads From	Major FX Pairs: Spreads starting from 0.5 points.
Commissions	CFDs on Shares: Commission of 0.10% per trade, with a £9 minimum for UK shares.
Investor Protection Schemes	Yes
Negative Balance Protection	Yes
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Open an Account

 

Frequently Asked Questions

 

Is CMC Markets safe?

CMC Markets is a well-regulated broker. Moreover, it has a strong, long-standing presence in financial markets, ensuring client fund segregation and consistently following strict industry security standards to securely protect traders’ assets as well as their personal data.

 

What trading platforms does CMC Markets offer?

CMC Markets provides its proprietary Next Generation trading platform, accessible on both web and mobile devices. Additionally, it supports MetaTrader 4 (MT4), offering forex traders a familiar yet powerful trading environment for enhanced flexibility and performance.

 

Pros and Cons

 

 

★★★★★

Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes

Get startedRead Review

 

Our Insights

CMC Markets is a trusted, well-regulated broker offering a broad range of trading options such as CFDs, spread betting, and forex. With a strong UK presence and an advanced platform, it suits both beginner and experienced traders alike.

 

Final Score

 

 

6. ActivTrades

 

★★★★

Minimum Deposit: $0 Regulated by: FCA, SCB, CSSF, CMVM, BACEN, CVM Crypto: Yes

Get startedRead Review

 

ActivTrades is regulated in the UK through ActivTrades PLC, authorised by the Financial Conduct Authority (FCA) under Firm Reference Number 434413. FCA oversight ensures strict financial rules, including client fund segregation, transparency, and fair treatment, making ActivTrades a trusted broker.

 

 

Frequently Asked Questions

 

What trading platforms does ActivTrades offer?

ActivTrades provides MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary ActivTrader platform.

 

Is ActivTrades suitable for beginners?

ActivTrades offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its own proprietary trading platform, ActivTrader, providing traders with a variety of powerful tools and flexible trading options.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $0 Regulated by: FCA, SCB, CSSF, CMVM, BACEN, CVM Crypto: Yes

Get startedRead Review

 

Our Insights

ActivTrades is a well-regulated, secure broker providing a wide range of trading services, including forex, CFDs, and spread betting. With an intuitive platform, educational resources, and robust client protection, it’s ideal for both beginner and experienced traders.

 

Final Score

 

 

7. OANDA

 

★★★★

Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes

Get startedRead Review

 

OANDA is regulated in the UK through OANDA Europe Limited, authorised by the Financial Conduct Authority (FCA) under Firm Reference Number 542574. FCA oversight ensures strict financial standards, client fund segregation, transparency, and fair treatment, confirming OANDA’s trustworthiness.

 

 

Frequently Asked Questions

 

What trading platforms does OANDA offer?

OANDA offers multiple trading platforms, including OANDA Web Trading, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, catering to a wide range of trader preferences and needs.

 

Does OANDA offer a demo account?

Yes, OANDA provides free demo accounts that allow traders to practice with virtual funds, making it perfect for beginners or anyone testing new trading strategies in a risk-free environment.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $0 Regulated by: NFA, CFTC Crypto: Yes

Get startedRead Review

 

Our Insights

With low minimum deposits, free demo accounts, and access to popular platforms like MetaTrader 4 and 5, OANDA serves both beginners and experienced traders. Its strong customer protection measures, including segregated accounts and negative balance protection, make it a trusted global choice.

 

Final Score

 

 

8. FXCM

 

★★★★

Minimum Deposit: $50 Regulated by: FCA, ASIC, CySEC, FSCA Crypto: Yes

Get startedRead Review

 

FXCM is a global online broker specializing in forex and CFD trading. Established in 1999, it has expanded worldwide with a significant UK presence. FXCM follows strict client protection protocols, including fund segregation, negative balance protection, and investor compensation schemes.

 

 

Frequently Asked Questions

 

What is FXCM?

FXCM (Forex Capital Markets) is a global online broker that provides trading services in forex, stocks, indices, commodities, and cryptocurrencies.

 

What types of accounts does FXCM offer?

FXCM offers various types of trading accounts: Standard accounts, Active Trader accounts, Corporate accounts, and Islamic accounts.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $50 Regulated by: FCA, ASIC, CySEC, FSCA Crypto: Yes

Get startedRead Review

 

Our Insights

With competitive spreads, multiple account types, and platforms like Trading Station, MetaTrader 4, and TradingView, FXCM caters to both beginner and advanced traders. Whether you’re trading on the go with mobile platforms or looking for swap-free Islamic accounts, FXCM offers flexible solutions to suit different traders’ needs.

 

Final Score

 

 

9. Tickmill

Tickmill is a global online broker offering forex, indices, commodities, and CFD trading. Regulated in multiple jurisdictions, Tickmill UK Ltd operates under the FCA, adhering to strict financial rules and providing clients with FSCS protection of up to £85,000 per person.

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

Get startedRead Review

 

 

Frequently Asked Questions

 

What is Tickmill?

Tickmill is a global online broker specializing in forex and CFDs, providing trading services across currency pairs, stocks, commodities, indices, and cryptocurrencies.

 

What trading platforms does Tickmill offer?

Tickmill offers multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader, catering to various trader preferences and needs.

 

Pros and Cons

 

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

Get startedRead Review

 

Our Insights

Tickmill offers various account types – Classic, Pro, and VIP – with competitive spreads from 0.0 pips, appealing to beginners and experienced traders alike. It supports popular platforms like MetaTrader 4 and 5 and provides educational resources, customer support, and multiple deposit and withdrawal options.

 

Final Score

 

 

10. Axi

 

★★★★

Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes

Get startedRead Review

 

As a global online forex and CFD broker with a strong UK presence., Axi Financial Services (UK) Ltd is authorized and regulated by the UK’s Financial Conduct Authority (FCA). It provides clients with FCA protections, including FSCS coverage of up to £85,000 per eligible deposit.

 

 

Frequently Asked Questions

 

What types of accounts does Axi offer?

Several types of trading accounts are offered, including Standard Account, Pro Account, Corporate Account, and Islamic accounts.

 

What trading platforms does Axi offer?

The Broker provides access to popular trading platforms, including MetaTrader 4 (MT4), Axi WebTrader, and mobile trading apps, offering flexibility for traders on various devices.

 

Pros and Cons

 

 

★★★★

Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes

Get startedRead Review

 

Our Insights

It is a well-regulated global forex and CFD broker delivering competitive trading conditions, diverse account options, and popular platforms like MetaTrader 4. It offers low-cost trading with tight spreads, educational resources, and attentive customer support.

 

Final Score

 

 

 

Forex Trading in the UK – Quick Overview

Forex trading in the United Kingdom is a highly regulated activity, overseen by the Financial Conduct Authority (FCA). Traders in the UK will benefit from transparent practices, strong investor protection, and access to globally competitive trading platforms and low-cost brokers.

 

 

Frequently Asked Questions

 

Is Forex trading legal in the UK?

Forex trading is legal and regulated in the UK under the Financial Conduct Authority (FCA), which ensures fair trading practices and high standards of investor protection.

 

What is the role of the FCA in Forex trading?

The FCA supervises Forex brokers, ensuring compliance with financial standards, safeguarding client funds, and providing investor protection through transparency and strict operational rules.

 

Can I trade Forex with GBP as my base currency?

Yes, most FCA-regulated brokers offer GBP-based trading accounts, allowing UK traders to deposit, trade, and withdraw in their local currency without unnecessary conversion fees.

 

Are there tax implications for UK Forex traders?

Profits from Forex trading may be subject to Capital Gains Tax or Income Tax in the UK, depending on your trading activity and whether you engage in spread betting or CFDs.

 

Do UK Forex brokers offer negative balance protection?

Most FCA-regulated brokers are required to offer negative balance protection, ensuring traders do not lose more money than they deposit.

 

Pros and Cons

 

 

Our Insights

UK traders enjoy a safe and well-regulated trading environment backed by the FCA, access to top-tier platforms, local support, and localized GBP accounts.

 

 

In Conclusion

The UK’s forex market is highly regulated, offering strong client protection. Moreover, choosing an FCA-authorised broker ensures strict oversight, fund security, FSCS coverage, and fair trading. Always verify FCA status and understand all trading risks beforehand.

 

You might also like:

 

• IG Review
• Pepperstone Review
• XTB Review
• eToro Review
• CMC Markets Review
• ActivTrades Review
• Oanda Review
• FXCM Review
• Tickmill Review
• Axi Review