Top Forex Brokers UK

Uk Forex

The United Kingdom is one of the biggest financial centers for forex trading in Europe and in the world. The regulator in the UK, Financial Conduct Authority (FCA), is of highly valued by the traders. The regulation is like this one in Europe as until recently the United Kingdom was part of the European Union.

We rated the best forex brokers in the UK in the list below. All the forex and CFD brokers below are with regulation from FCA.

How to Choose Best UK Forex and CFD broker

The most important criteria when you choose your forex brokers is the regulation. If you trade in broker under FCA regulation (all in the list below), your funds are protected up to £85 000 (if your broker applies for bankruptcy). This fund’s protection is higher than the protection in European union. Some of the brokers have a contract with insurance companies that provide even bigger protections (£500 000 or even more).

Other criteria could be payment methods, how fast and easy are deposits and withdraws. Support of different languages, analysis, and different forex tools which you improve your trading results.

Forex Broker Min deposit Leverage Deposit method Platforms Spread Swaps Support
Pepperstone

Visit

200 AUD  1:30
  • Visa
  • Mastercard
  • POLi
  • Bank transfer
  • BPay
  • PayPal
  • Neteller
  • Skrill
  • Union Pay
  • MT4
  • MT5
  • cTrader
Plus500

Visit
100 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • PayPal
  • Skrill
  • Plus500
XTB

Visit
250 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • PayPal
  • Skrill
  • MT4
IG Markets 300 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • HKD FPS
  • MT4
  • IG's trading platform
CMC Markets 0 USD  1:30
  • Visa
  • Mastercard
  • Bank transfer
  • MT4
  • Next Generation
Gain Capital 250 USD  1:30
  • Bank transfer
  • MT4

Trading platforms

The variety of trading platforms is big as the UK forex market is one of the biggest in the world. Most of the brokers offer MetaTrader 4 and MetaTrader 5. Also, some brokers offer C Trader and own developed trading platforms.

Leverage

The leverage is limited to 30:1 for forex pairs. Minors forex pairs are limited to 20:1, the CFDs based on major forex indices are limited to 20:1, and the other stock indices to 10:1. These leverages are retail clients. If you could cover the conditions for professional clients, you receive leverage up to 500:1. Another option is if the leverage is an important part of your trading strategy, you could check brokers in other jurisdictions like Australian one (ASIC) or offshore brokers.

List of trading instruments

If your trading strategy is not limited only to forex, then the choice of broker that offers a big number of trading instruments is important. Some brokers also offer world indices, single stock CFDs, ETF CFDs, cryptocurrency CFDs, and a lot of other CFDs depending on your needs.

Conclusion

United Kingdom (UK) offers one of the best regulations in the world for trading forex and CFDs. The protections of funds are high, and the variety of different trading platforms, deposit methods, and the list with trading instruments could fit everyone.

The main downside is the limited leverage for retail clients.

Forex Brokers Ranking

Looking for an independent and professional Forex brokers review? Our researches will help you find a broker supporting all financial instruments you may need. It will also help you choose the best trading platform for your manual or automated trading.

Disclaimer: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. Please note that FxBrokersRanking.com do not provide any kind of financial advices or recommendations.

Advertiser Disclosure: FxBrokersRanking.com is free for everyone, but earns a commission from some of the brokers. We get a commission, with no additional cost to you.