10 Best Forex Brokers in The UK
The 10 Best Forex Brokers in the United Kingdom – Rated and Reviewed. We have listed the Best Forex Brokers accepting UK Traders.
In this in-depth guide, you’ll learn:
- 10 Best Forex Brokers in the UK
- Trusted platforms for currency trading
- Is Forex Trading Legal in the UK?
and much, MUCH more!
| 🔍Forex Broker | ✏️Sign Up Here | 💵Minimum Deposit | 💷Minimum Deposit (GBP) |
| 🥇IG | 👉 Click Here | 0 USD | 0 GBP |
| 🥈Pepperstone | 👉 Click Here | 0 USD | 0 GBP |
| 🥉XTB | 👉 Click Here | 250 USD | 250 GBP |
| 🏅eToro | 👉 Click Here | 50 USD | 37.56 GBP |
| 🏆CMC Markets | 👉 Click Here | 0 USD | 0 GBP |
| 🎉ActivTrades | 👉 Click Here | 100 USD | 75.11 GBP |
| 🎊OANDA | 👉 Click Here | 0 USD | 0 GBP |
| 🪅FXCM | 👉 Click Here | 50 USD | 37.56 GBP |
| 🎁Tickmill | 👉 Click Here | 100 USD | 75.11 GBP |
| 👑Axi | 👉 Click Here | 0 USD | 0 GBP |
10 Best Forex Brokers in The UK (2025)
- ☑️IG – Overall, The Best Forex Broker in The UK
- ☑️Pepperstone – Best MT4 Forex Broker
- ☑️XTB – Best Proprietary Platform
- ☑️eToro – Best Social and Copy Trading Platform
- ☑️CMC Markets – Best CFD Forex Broker
- ☑️ActivTrades – Best Spread Betting Forex Broker
- ☑️OANDA – Best Low Cost Forex Broker
- ☑️FXCM – Best Mobile Trading App
- ☑️Tickmill – Best Forex Education Provider
- ☑️Axi – Best Affiliates Program
IG
IG is a leading global online trading provider, offering access to financial markets via spread betting, contracts for difference (CFDs), options, and forex trading.
In the UK, IG offers services including spread betting (tax-free for UK residents), CFD trading, share dealing, and investment accounts. IG also operates IG Bank in Switzerland and maintains a global presence with offices in Europe, Asia, Africa, Australia, and the Americas.
Frequently Asked Questions
Is IG regulated?
The Financial Conduct Authority (FCA) authorizes and regulates IG in the UK, ensuring it remains heavily supervised. Globally, it also holds licenses in multiple jurisdictions, including Australia (ASIC), Singapore (MAS), and others.
Does IG offer an Islamic account?
Yes, IG offers Islamic accounts (swap-free) for clients who require them, particularly for CFD trading.
What platforms does IG offer?
IG offers its proprietary IG Trading Platform, as well as MetaTrader 4 (MT4), ProRealTime for advanced charting, and API trading options.
Does IG offer a demo account?
Yes, IG offers a free demo account with virtual funds to practice trading in real market conditions.
Our Insights
IG stands out as a highly trusted and well-regulated broker, with the Financial Conduct Authority (FCA) actively overseeing its operations in the UK to ensure strong client protection and market integrity.
Pepperstone
Pepperstone is a globally recognized online broker specializing in forex, CFDs, commodities, indices, and cryptocurrencies.
Its UK office allows it to serve clients across the United Kingdom and Europe (post-Brexit under separate licensing). UK clients can access CFDs on a wide range of markets but cannot spread bet with Pepperstone, as it focuses mainly on CFDs in the UK.
Frequently Asked Questions
What platforms does Pepperstone offer?
Pepperstone offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all highly popular for their speed, tools, and algorithmic trading capabilities.
Does Pepperstone offer a demo account?
Yes, a free demo account is available to practice trading with virtual funds.
What types of accounts does Pepperstone offer?
They offer two main account types: the Standard Account (with no commission, slightly higher spreads) and the Razor Account (with ultra-low spreads and a small commission per trade).
Are there any inactivity fees?
No, Pepperstone does not charge inactivity fees, which is a big plus for occasional traders.
Our Insights
Pepperstone is a highly trusted and regulated broker, offering fast execution, competitive spreads, and access to top-tier trading platforms for CFD traders in the UK.
XTB
The broker is a global fintech company and online brokerage founded in 2002, headquartered in Warsaw, Poland.
XTB Limited serves UK residents exclusively, offering access to its proprietary xStation 5 trading platform, which provides advanced charting tools, real-time market analysis, and a user-friendly interface. In 2024, XTB expanded its UK offerings by acquiring an Individual Savings Account (ISA) license, enabling UK clients to invest in stocks and ETFs through tax-efficient accounts.
Frequently Asked Questions
Is XTB safe?
Yes, XTB is considered a safe broker. It’s publicly listed on the Warsaw Stock Exchange, is regulated by top-tier authorities, and segregates client funds.
What trading platform does XTB use?
XTB offers its proprietary platform called xStation 5, known for its fast execution, advanced charting, and user-friendly design. They also offer xStation Mobile for trading on the go.
Does XTB offer a demo account?
Yes, XTB provides a free demo account with virtual funds to help users practice trading.
Are there inactivity fees with XTB?
Yes, XTB charges a £10 monthly inactivity fee if no trading activity occurs for 12 consecutive months.
Our Insights
XTB is a trusted and well-regulated broker, offering a wide range of CFDs, real stocks, and ETFs, with a strong presence in the UK under FCA supervision and a user-friendly trading platform through xStation 5.
eToro
eToro is a global social trading platform founded in 2007 in Tel Aviv, Israel.
The broker operates in the UK and is authorized and regulated by the Financial Conduct Authority (FCA). Additionally, the FCA authorizes and regulates eToro Money UK Ltd for providing electronic money and payment services.
eToro’s UK operations are designed to provide local investors with access to global markets while adhering to UK regulatory standards.
Frequently Asked Questions
Is eToro safe?
Yes, eToro prioritizes safety by regulating itself with top-tier authorities, segregating client funds, and using advanced security protocols to protect your data.
What is the minimum deposit on eToro?
The minimum deposit required to open an account with eToro is typically $50, but it can vary depending on your country and payment method.
Does eToro offer a demo account?
Yes, eToro offers a free demo account with virtual funds to help you practice trading and familiarize yourself with the platform.
What platforms does eToro offer?
eToro has its proprietary platform available as a web-based platform and mobile app. It is designed for social and copy trading, allowing you to follow and copy successful traders.
Our Insights
eToro is a highly regulated and secure platform that offers a broad range of trading options, including social and copy trading features, making it a popular choice for both beginners and experienced traders.
CMC Markets
CMC Markets is a UK-based financial services company offering online trading in CFDs, spread betting, and forex.
The broker provides access to over 12,000 financial instruments, including: CFDs on shares, indices, commodities, and forex, Spread betting (available only in the UK and Ireland), and Stockbroking services through its CMC Invest division. The company offers its proprietary Next Generation trading platform, which is available on the web and mobile devices.
Frequently Asked Questions
Is CMC Markets safe?
Yes, CMC Markets is a well-regulated broker with a long-standing presence in the financial markets. It segregates client funds and adheres to industry-standard security practices.
What trading platforms does CMC Markets offer?
CMC Markets offers its proprietary Next Generation trading platform, which is available on the web and mobile devices. It also provides MetaTrader 4 (MT4) for forex traders.
Does CMC Markets offer a demo account?
Yes, CMC Markets offers a free demo account with virtual funds to practice trading and get familiar with their platform.
Are there any inactivity fees with CMC Markets?
Yes, CMC Markets charges an inactivity fee after 12 months of no trading activity, which is typically around £10 per month.
Our Insights
CMC Markets is a trusted and well-regulated broker, offering a wide range of trading options, including CFDs, spread betting, and forex. With a strong presence in the UK and an advanced trading platform, it’s a solid choice for both beginner and experienced traders.
ActivTrades
ActivTrades is a UK-based brokerage firm founded in 2001, offering online trading services in forex, CFDs, and spread betting.
The broker operates in the UK through ActivTrades Plc, a public limited company registered in England and Wales. ActivTrades provides negative balance protection and offers client fund insurance up to £1 million, which is more than the standard Financial Services Compensation Scheme (FSCS) coverage.
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?
Yes, ActivTrades offers a user-friendly platform, educational resources, and a demo account to help beginners learn trading at their own pace. It’s ideal for new traders looking to start with CFDs, forex, and spread betting.
What types of accounts does ActivTrades offer?
ActivTrades offers different account types, including a Standard Account, a Professional Account, and an Islamic Account (swap-free) for clients who require compliance with Islamic finance principles.
Does ActivTrades provide educational resources?
Yes, ActivTrades offers a variety of educational tools, including webinars, eBooks, video tutorials, and market analysis.
Our Insights
ActivTrades is a well-regulated and secure broker, offering a wide range of trading services, including forex, CFDs, and spread betting. With a user-friendly platform, educational resources, and strong client protection, it’s a solid choice for both beginners and experienced traders.
OANDA
OANDA is a global online brokerage firm specializing in forex and CFD trading. Established in 1996 in the United States, it has expanded its operations worldwide, including a significant presence in the UK.
In the UK, OANDA operates through OANDA Europe Limited, a company registered in England. OANDA offers Forex Trading, CFD Trading, and Cryptocurrency Trading.
Frequently Asked Questions
What trading platforms does OANDA offer?
OANDA provides the following platforms: OANDA Web Trading, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView.
Does OANDA offer a demo account?
Yes, OANDA offers free demo accounts where you can practice trading with virtual funds, which is ideal for beginners or those trying out new strategies.
Does OANDA provide educational resources?
Yes, OANDA offers a variety of educational materials, such as Webinars and online tutorials, Market analysis and reports, and eBooks and guides for beginners and advanced traders.
How secure is OANDA?
OANDA uses industry-standard encryption and other security protocols to ensure that clients’ data and funds are protected.
Our Insights
With its low minimum deposit requirements, demo accounts, and access to popular trading platforms like MetaTrader 4 and 5, it caters to both beginners and experienced traders. Its commitment to customer protection, including segregated accounts and negative balance protection, further enhances its appeal as a trustworthy choice for traders in the UK and globally.
FXCM
FXCM is a global online brokerage firm specializing in forex and CFD trading. Established in 1999, FXCM has expanded its operations worldwide, including a significant presence in the UK.
The broker is required to adhere to stringent client protection standards, including: Segregation of Client Funds, Negative Balance Protection, and Investor Compensation.
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.
Does FXCM offer a demo account?
Yes, FXCM provides a free demo account for traders to practice and familiarize themselves with the trading platform and market conditions before using real money.
Does FXCM provide educational resources?
Yes, FXCM offers educational resources, including webinars, trading guides, and videos, to help traders enhance their knowledge and skills.
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 trader needs.
Tickmill
The broker is a global online broker offering trading services in forex, indices, commodities, and CFDs. The company is regulated in multiple jurisdictions, including the United Kingdom.
Tickmill UK Ltd is regulated by the FCA, meaning they follow strict financial rules like having enough capital and keeping client money separate. On top of that, their clients benefit from the Financial Services Compensation Scheme (FSCS), which protects eligible deposits up to £85,000 per person per firm.
Frequently Asked Questions
What is Tickmill?
Tickmill is a global online forex and CFD broker offering trading services in currency pairs, stocks, commodities, indices, and cryptocurrencies.
What trading platforms does Tickmill offer?
Tickmill provides several trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader.
Does Tickmill offer a demo account?
Yes, Tickmill provides a demo account that allows traders to practice trading strategies without risking real money.
What is the minimum deposit required to open an account with Tickmill?
The minimum deposit to open an account with Tickmill is typically $100 for the Classic account. For other account types, the minimum deposit may vary.
Our Insights
With various account types like Classic, Pro, and VIP, along with competitive spreads starting from 0.0 pips, Tickmill caters to both beginner and experienced traders. The broker provides access to popular trading platforms such as MetaTrader 4 and 5, along with educational resources, customer support, and multiple payment options for deposits and withdrawals.
Axi
The broker is a global online forex and CFD broker with a significant presence in the UK.
Axi Financial Services (UK) Ltd is authorized and regulated by the UK’s Financial Conduct Authority (FCA). The UK presence means that clients in the UK can enjoy the protections of the FCA, such as the Financial Services Compensation Scheme (FSCS), which insures eligible deposits up to £85,000 per client.
Frequently Asked Questions
What types of accounts does Axi offer?
Axi offers several types of trading accounts: Standard Account, Pro Account, Corporate Account, and Islamic accounts.
What trading platforms does Axi offer?
Axi provides access to popular trading platforms: MetaTrader 4 (MT4), Axi WebTrader, and Mobile Trading.
Does Axi offer a demo account?
Yes, Axi provides a demo account that allows traders to practice trading strategies and familiarize themselves with the trading platforms without risking real money.
What leverage does Axi offer?
Axi provides leverage options for trading, with leverage ratios typically up to 1:500, depending on the account type and asset being traded.
Our Insights
Axi is a well-regulated global forex and CFD broker offering competitive trading conditions, a variety of account types, and access to popular platforms like MetaTrader 4. The broker provides low-cost trading with tight spreads, educational resources, and responsive customer support.
Is Forex Trading Legal in the UK?
Yes—retail forex trading is fully legal in the UK, provided you use an FCA-authorised broker:
Regulation and Legal Framework
All firms offering forex trading to UK clients must be authorised by the Financial Conduct Authority (FCA) under the Financial Services and Markets Act 2000. You can verify any broker’s status on the FCA’s Financial Services Register.
Dealing with unauthorised firms is illegal, and you won’t have access to consumer protections like the Financial Ombudsman Service or FSCS compensation if things go wrong
Investor Protections
- Segregated Client Funds: FCA-authorised brokers must keep client money in separate accounts, preventing misuse.
- FSCS Compensation: If an authorised firm becomes insolvent, the Financial Services Compensation Scheme (FSCS) covers eligible investment claims up to £85,000 per person, per firm fscs.org.uk.
- Ombudsman Service: You can complain to the Financial Ombudsman Service if your broker breaches FCA rules.
Trading Conditions and Safeguards
Since leaving the EU, the UK has “on-shored” ESMA’s retail CFD intervention measures, so retail forex clients face leverage caps and other safeguards
Forex trading is legal and well-regulated in the UK. Always choose an FCA-authorised broker—check the Register—and enjoy protections like segregated funds, FSCS compensation (up to £85,000), and ESMA-derived leverage limits designed to keep retail traders safe.
In Conclusion
The UK’s forex market is one of the most rigorously regulated in the world. By choosing an FCA-authorised broker, you benefit from: Strict Oversight, Client Safeguards, FSCS Coverage, and Retail Protections. Before opening an account, always verify your broker’s FCA status, compare trading conditions, and make sure you understand the risks involved.
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