List of forex trading companies in uk

According to the FCA rules, FCA UK forex brokerage firms must keep their funds separate from the investors’ money.

No deposit forex bonuses

List of forex trading companies in uk, list of forex trading companies in uk.

Keeping investors funds in a different account ensures that the brokerage firm cannot use the clients’ funds to cover any of its expenses. Apart from regulation, other aspects to be considered when choosing best forex brokers in UK are as follows:

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Top and The Best FCA UK Regulated forex brokers

As the currency market is a decentralized entity, trading and processing of orders are carried out online. It is, therefore, necessary that you open an account with a broker that provides an online platform for trading forex. If you are a UK resident, then it is a good idea that you work with a forex broker that is based in the UK or at least has an office operating in the country. However, the problem is that there are a number of forex brokers out there in the market and identifying the right one to work with can be a challenging task, especially if you are new to forex trading.

Top UK forex trading brokers 2021

min deposit	spread	leverage	regulation	open account
$5	from 0.2 pips	500:1	FSA (saint vincent and the grenadines), cysec	visit broker
$5	from 0 pips	888:1 “*this leverage does not apply to all the entities of XM group.”	ASIC, cysec, IFSC belize	visit broker
$1	from 0 pips	2000:1	FCA UK, cysec, FSP, bafin, CRFIN	visit broker
$100	starting 0 pips	up to 400:1	FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
$300	floating, from 0 pips	500:1	FCA UK reference number 579202	visit broker
$200	starting 0 pips	500:1	ASIC australia, FCA UK	visit broker
no minimum deposit	1.2 pips	50:1	CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
$100	starting 0 pips	up to 500:1	FCA UK, ASIC australia, MAS singapore	visit broker
$1	fixed spread from 3 pips	up to 1:1000	CBR, cysec and FFMS	visit broker
$250	as low as 0.1 pips	up to 400:1	ASIC australia and FCA UK	visit broker

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

This is where our services can be of great help to you. We have analyzed and reviewed the operations of some of the major brokers that provide the forex trading platform in the UK on the basis of certain specific criteria listed below in order to make things easier for you. You can use this as the starting point of your research. You don’t have waste your precious time or hard earned money in order to evaluate hundreds of brokers operating in the country. You just have to find out as to which of the forex brokers listed in our site are best suited to your needs and do further research to make sure that you are making the right choice.

Regulation by a local authority is one of the key aspects you need to look for when identifying the best forex brokers in the UK. The main regulatory authority in england is the financial conduct authority (FCA). The FCA is the regulator for the industries in the financial services sector in the country. When reviewing the forex brokers operating in the country we have taken this aspect into consideration.

Apart from regulation, other aspects to be considered when choosing best forex brokers in UK are as follows:

Whether the company that provides the forex trading platform is adequately capitalized or not

How reliable are the trading platforms offered by the forex broker

What type of broker is the forex trading platform provider: non dealing desk (straight through processing), dealing desk (market maker/dealer) or electronic communications network (ECN)

What types of accounts does the forex broker offer

How much leverage and margin does the forex broker offer

What kind of spreads does the broker provide

Does the broker charge any commissions or fees for the trades executed by the you

How much money has to be deposited initially in order to start trading currencies on the broker’s platform

When it comes to transferring funds what currency options does the broker make available to you

What payment methods does the broker offer

What are the broker’s terms and conditions for withdrawal of funds

How responsive is the customer support services provided by the forex broker

This is definitely not an exhaustive list of things that you should look into when choosing the best forex broker in the UK. There are a few other aspects as well. These include customizations options, order entry types, automated trading options, trading alerts, strategy builders and backtesting options, among others. Further, it is better to look for brokers that offer free demo accounts so that you can try out their platforms prior to opening an account and funding it.

Here are some of the best forex brokers in UK:

1. Fxopen UK

Fxopen UK, a popular metatrader ecn forex broker in the UK, offers several helpful features on their platform including expert advisors, technical analysis tools, indicators and professional graphics. Founded in 2013 and headquartered in the london UK, fxopen is authorised and regulated by the financial conduct authority under FCA firm reference number 579202. FX OPEN UK accepts traders with minimum deposit required to start trading on their platform is $300 and the minimum lot size offered by the broker is 0.01. The forex broker offers leverage up to 500:1 and makes available floating spreads starting from 0 pips. When it comes to trading platforms, fxopen offers a wide range of platforms including metatrader 4, webtrader and mobile trading platform. As regards transfer of funds, options available with fxopen include wire transfer, credit/debit cards, neteller and skrill moneybookers, payza and webmoney.

2. Plus500 UK

The online forex broker plus500 UK ltd is authorized as well as regulated by the financial conduct authority. The forex broker services both institutional customers and retail investors and offers no dealing desk currency trading facility. PLUS500 UK which has its headquarters located in the UK was founded in 2008. Traders have to deposit a minimum of €100 if they want to use the broker’s platform for trading forex. The minimum position size offered by the company 0.01 and the leverage that traders can avail is 294:1. Spreads can be as low as 0.01%” (0.01% = spread for EUR/USD). Plus500 offers multiple trading platforms such as windows trader, webtrader, windows 10, android app, windows phone app & iphone app/ipad app/apple watch app. Payment options offered by the forex broker include credit card, paypal, wire transfer, skrill moneybookers.

XM, an online currency trading platform provider, was founded in 2009. The forex broker offers metatrader trading platform and more than 100 instruments from asset classes such as currencies, cfds on stocks and precious metals. XM which serves both institutional as well as retail customers in more than 196 countries has established over 4 offices around the world. Traders who open accounts on their platform will have to deposit a minimum of $5 in order to start trading. While the minimum position size offered is 0.01, the leverage can go up to 888:1. Xemarkets is regulated broker by ASIC australia, cysec, FCA (UK), bafin. XM broker offers low spreads from 1 pips. Multiple forex platforms offered by the broker include metatrader 4, and web, iphone/ipad and mobile trader. When it comes to payments, options include credit/ debit card, bank wire transfer, local bank transfer, neteller, moneybookers skrill, western union, moneygram, webmoney, china unionpay, SOFORT, ideal.

5 benefits of forex trading with FCA UK regulated brokers

Any forex trader will tell you that the first and most important step in successful forex trading is choosing a trusted broker.

The right broker will provide you with the required advice, and platform to make forex trading a profitable venture. FCA UK forex brokers are the best option to give you what you need before you can start trading. But who are FCA UK forex brokers?

FCA UK forex brokers are brokers or brokerage firms that are regulated by the FCA. These firms meet all the requirements set by the FCA for safe forex trading.

The FCA UK forex brokers provide forex traders with many benefits, here are some of them;

1. Guaranteed credibility

All forex brokers that are regulated by the financial conduct authority (FCA) are required to submit financial reports to the regulatory body. This body scrutinizes the reports to make sure they are in line with set policies for secure and efficient forex trading. This, therefore, means that regulated brokers are always credible since they are monitored. Also, another role of FCA is to fairly resolve disputes between forex traders and brokers. So, trading with FCA UK forex brokers means that you are protected in case any disputes arise between you and your forex broker.

2. Ensure investors’ money is safe

According to the FCA rules, FCA UK forex brokerage firms must keep their funds separate from the investors’ money. Keeping investors funds in a different account ensures that the brokerage firm cannot use the clients’ funds to cover any of its expenses.

Having segregated accounts safeguards the investors’ money in case of a financial crisis or bankruptcy. In such scenarios, the broker cannot use your money to pay its creditors. The FCA requires that the broker compensates the investor first. So when working with a regulated broker you are guaranteed safety for your money despite any financial situation the broker might face.

Given the uncertain financial conditions, you have to be sure your money is always safe. FCA has got you covered! Time and again, the regulatory body reviews all the FCA UK forex brokerage firms to ensure they maintain separate accounts for investors and the firm to keep your money protected from uncertain market conditions.

3. Enhances the chances of making profits for investors

It is usually easier to trade and make profits with FCA UK forex brokers than unregulated brokers. FCA monitors all regulated brokers to ensure they provide the right tools to make forex trading simpler for the investors. It does this by ensuring the software used by brokers for trading meets the traders’ needs.

In addition, it ensures that forex traders have access to the right information and support from the brokers. The FCA UK forex brokers should be able to answer the investors’ questions and provide help in case of any difficulties. This is in a bid to make forex trading easy and profitable to the traders.

4. Transparency in trading operations

Transparency is an essential part of successful forex trading. Investors have to stay informed about their transactions by being provided with accurate financial information including historical records and other fiscal reports. This information assists traders in making well-thought decisions when conducting their trade.

It is the responsibility of brokers to provide accurate information to the traders. Regulated brokers are compelled by the FCA to provide accurate information to investors failure to which they might lose their licenses.

Investors can complain to the FCA if they feel their brokers do not provide them with transparent trading experience.

5. Protects the value of security to enhance the investors’ safety

The FCA monitors forex brokers UK by periodically checking their fiscal reports. Through these reports, the regulatory body can determine whether a broker is trading in a way that increases the overall security of their investors. The FCA then penalizes, and in some cases revokes the market membership of brokers whose trading activities decreases investor security. So in order to stay in the market, regulated brokers are always working hard to improve their investors’ security.

If you are an investor who wants to make your forex trading venture profitable then it is safe to go for FCA UK forex brokers as they are regulated. Regulated brokers provide you with many benefits and the right conditions necessary to trade successfully. All the best in finding the right broker!

25 best UK forex brokers for 2021

The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in the united kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by the financial conduct authority (FCA), which is the financial regulatory body in the UK. The FCA's website is FCA.Org.Uk. We recommend UK residents also follow the FCA on twitter, @thefca.

The FCA was formed out of the financial services act of 2012, effectively replacing its predecessor, the financial services authority (FSA). For a historical breakdown, here's a link to financial conduct authority webpage on wikipedia.

Best UK forex brokers for 2021

To find the best forex brokers in the UK, we created a list of all FCA authorised brokers, then ranked brokers by their trust score. Here is our list of the top UK forex brokers.

IG - best overall broker 2021, most trusted

Saxo bank - best for research, trusted global brand

CMC markets - best web platform, most currency pairs

Interactive brokers - great for professionals and institutions

City index - excellent all-round offering

XTB - best customer service, great trading platform

FOREX.Com - great all-round offering

Etoro - best copy trading platform

Best forex brokers UK comparison

Compare UK authorised forex and cfds brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's forexbrokers.Com trust score.

Forex broker	accepts GB residents	authorised or regulated by the FCA	average spread EUR/USD - standard	minimum initial deposit	trust score	overall	visit site
IG	yes	yes	0.745	£250.00	99	5 stars	visit site
saxo bank	yes	yes	0.800	$10,000.00	99	5 stars	visit site
CMC markets	yes	yes	0.740	$0.00	99	5 stars	visit site
interactive brokers	yes	yes	N/A	$0	94	4.5 stars	visit site
city index	yes	yes	1.100	£50.00	93	4.5 stars	visit site
XTB	yes	yes	0.860	$0.00	92	4.5 stars	visit site
FOREX.Com	yes	yes	1.400	$100.00	93	4.5 stars	visit site
etoro	yes	yes	1.00	$200	91	4 stars	visit site
swissquote	yes	yes	N/A	$1000.00	99	4 stars	N/A
FXCM	yes	yes	1.400	£300	92	4 stars	visit site
avatrade	yes	0.910	$100.00	93	4 stars	visit site
FP markets	yes	1.140	$100 AUD	81	4 stars	visit site
plus500	yes	yes	0.600	€100	98	4 stars	visit site
pepperstone	yes	yes	1.160	$200.00	90	4 stars	visit site
IC markets	yes	0.800	$200	83	4 stars	visit site
tickmill	yes	yes	0.530	$100.00	81	4 stars	visit site
fxpro	yes	yes	1.510	$100.00	89	4 stars	visit site
vantage FX	yes	yes	1.350	$200	79	3.5 stars	N/A
moneta markets	yes	yes	1.300	$200.00	79	3.5 stars	N/A
HYCM	yes	yes	2.00	$100	84	3.5 stars	visit site
eightcap	yes	$100	69	3.5 stars	N/A
VT markets	yes	1.30	$200	79	3.5 stars	N/A
blackbull markets	yes	0.76	$200	70	3.5 stars	N/A
octafx	yes	1.100	$5	59	3.5 stars	N/A
hotforex	yes	yes	1.20	$50	83	4 stars	N/A
easymarkets	yes	0.900	$100.00	81	3.5 stars	N/A

How to verfiy FCA authorisation

To identify if a forex broker is licensed to operate in the united kingdom (UK), the first step is to identify the register number from the disclosure text at the bottom of the broker's UK homepage. For example, here's the key disclosure text from IG's website,

Both IG markets ltd (register number 195355) and IG index ltd (register number 114059) are authorised and regulated by the financial conduct authority."

Next, look up the firm on the FCA website to validate the register number is, in fact, legitimate. Here is the official FCA page for IG markets limited.

Summary

To recap, here are the best UK online forex brokers.

More forex guides

Methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.Forexbrokers.Com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with forexbrokers.Com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses forexbrokers.Com or any of its reviews, products, or services. Forexbrokers.Com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

IG - 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA - cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Plus500uk ltd is authorised and regulated by the financial conduct authority (FRN 509909).

Advertiser disclosure: forexbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While forexbrokers.Com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by forexbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.

Best spread betting platform UK comparison 2021

Spread betting in the united kingdom requires a good trading platform such as metatrader 4 and a top UK spread betting broker. Our 2021 analysis found the best UK spread betting platforms include pepperstone, city index, ETX capital and CMC markets.

Top UK spread betting platforms

UK traders looking should consider the following list of spreads betting platforms.

Pepperstone - best UK spread betting broker

IG - best UK spread betting platform UK for beginners

ETX capital - good spread betting software

City index - good metatrader 4 spread betting broker

Fxpro - top spread bet risk management features

CMC markets - good platform to spread bet financial markets

Thinkmarkets - best spread betting app UK features

Spreadex - best platform for sports and finance spread bets

Regulations and licenses

Brokerage

Markets and instruments

Trading platforms + tools

Overall

Pepperstone offers the best spread betting platform overall

Spread betting and CFD trading are similar in the sense that investors are trading leveraged products and speculating on the direction a financial market will move.

The main difference is that when spread betting, a trader is not buying and selling a derivative contract. Rather, traders bet on price movements, deciding on the amount to bet per point of price movement. Spread betters decide the ‘stake’ per price movement they wish to trade, with profits being made when the market moves in favour of the bet.

Tax benefits with spread betting

When compared to CFD trading, spread betting is more tax efficient. UK tax laws mean any gains made from CFD trading are subject to capital gains tax (CGT). As spread betting involves no contracts, profits avoid both stamp duty and capital gains tax, which means it can be considered a tax-free trading strategy.

Pepperstone Differences CFD Spread Betting

CFD AND forex spread betting with pepperstone

Pepperstone is a no dealing desk (NDD) broker that offers spread betting on a range of asset classes with competitive pricing. As well as spread betting with currency pairs, pepperstone clients gain access to thousands of index, commodity, treasury and stock markets. While cryptocurrencies were available in the past, recent changes to FCA regulation have restricted the ability for retail traders to access crypto markets such as bitcoin or bitcoin cash.

Pepperstone gained its reputation as one of the best brokers for ultra-tight forex spreads due to its NDD execution and top-tier liquidity providers. Although they don’t offer specific investment advice, the brokers offer educational resources suited to both beginner and experienced traders.

When spread betting forex, traders do not pay any flat-rate commission and therefore bet on spreads available to those using pepperstone standard account.

With the standard account, pepperstone offers minimum spreads as low as 1.0 pips on major currency pairs such as the EUR/GBP, AUD/JPY, AUD/USD, CHF/JPY, CHF/SGD and EUR/USD. The table below shows the average spreads for major currency available to spread bet with pepperstone. Compared to brokers such as CMC markets and fxpro, pepperstone offers tighter average spreads on a wider range of fx pairs than its competitors.

FCA regulated forex brokers

The UK as one of the most reputable financial world centers throughout its stability, strong economic and political positions have always been an attractive destination to conduct financial services firm. Along with that, the UK keeps an excellent level of overall regulatory system and financial regulation itself.

This applies through numerous establishment standards diverted towards the firms’ operating in finance or trading industry. In fact, almost all firms or even individuals offering financial services in the UK have to be authorized by the financial conduct authority (FCA).

FCA is among the most respected authorities within the financial world that aims to protect consumers, enhance market integrity and promote healthy competition that ensured by the range of strictest demands and regulatory protocols to the licensed companies.

The authority is highly active in its supervision tasks, constantly getting involved into each licensed broker operation, checking their performance, follow of guidelines and investigates cases.

Apart from the money protection, FCA directs all brokers to protect the clients in case of insolvency under the FSCS (financial services compensation scheme) with a guarantee of up to £50,000 in compensation.

Furthermore, the FCA developed the comprehensive online portal, which brings all necessary information about brokers, presents freshly updated data and findings that support investors’ choice. Overall, FCA regulated forex brokers providing high protection for any investor or trader, as the obligations towards the regulations are strictly accurate and sharp, which is confirmed by highly respected and regarded status of FCA worldwide itself.

Top 10 forex brokers in the UK (FXCM, GCAP)

With a trading volume of over $5 trillion per day, the foreign exchange market, also called forex or FX, is the world's largest market. The size and deep liquidity of the forex market, along with 24-hour trading, five days a week, make it an appealing choice for traders.

Top 10 brokers

The following 10 financial conduct authority (FCA)-regulated forex brokers, listed in no particular order, are chosen based on factors including financial stability, execution quality, and trading platforms available. When choosing among them, one might consider preferences such as markets available, execution software, and the competitiveness of spreads.

OANDA: the canadian-based foreign exchange company offers competitive spreads, as low as 1.2 pips in EUR/USD. Along with their own fxtrade platform launched in 2001, oanda offers metatrader 4.

Interactive brokers: greenwich, conn.-based interactive brokers offer direct access to interbank forex quotes and operate using an electronic communication network (ECN) market structure.

City index: established in the UK in 1983, city index offers forex trading, along with CFD's and spread betting. The metatrader 4 platform is available with added tools and features.

FOREX.Com: owned by parent company GAIN capital (NYSE: GCAP). Operating since 2001, FOREX.Com was a first mover in bringing currency markets to the retail trader.

FXCM: exchange-listed FXCM (NYSE: FXCM) offers a no dealing desk model along with competitive spreads. The firm offers trading in a wide variety of currencies including the chinese yuan.

The most popular and highly rated brokerages licensed in the UK are not physically based there.

Fxpro: founded in 2006, london-based fxpro is an online broker offering forex trading along with CFD's. Metatrader 4 and ctrader trading platforms are available.

IG markets: founded in 1974 as a spread betting business under the name IG index. The firm offers trading in pairs including EUR/USD, AUD/USD, and USD/JPY with spreads as low as 0.8 pips.

Alpari:alpari has over a million customers and is one of the largest forex brokers in the world. Traders can choose from eight different methods to fund their accounts, so getting started is easy. Mobile and web platforms (metatrader 4 & 5), provide traders with the ability to trade on the go.

Activtrades: established in 2001, activetrades offers forex trading in mini and micro lots, a diverse product offering, and competitive spreads.

HY markets: in business for 30 years, HY markets provides multiple trading platforms and a wide variety of trading instruments. HY markets a division of the henyep group, a global conglomerate with a presence in 20 countries.

HYCM:HYCM (henyep group) is well known as one of the top forex brokers in the world. With over 40 years of experience in the business, this broker processes over 25,000 orders every day and has over 20 years of FCA oversight in the U.K.

The bottom line

Among the leading FCA-regulated forex brokers in the UK, the majority are actually based abroad. In many cases, this means that they are also regulated by other bodies, such as the national futures association (NFA) in the united states. While the retail forex industry continues to develop and improve, traders must remain vigilant in scrutinizing where they place their funds for investment.

Top 10 best UK regulated forex brokers 2021

Top rated:

Regulated forex brokers in the UK can be beneficial for a variety of reasons. Not only have many of the top forex brokers been in the business for a very long time, but the majority are also regulated by the prestigious financial conduct authority (FCA), one of the world’s most reputable regulators.

This instills a great deal of trust and professional experience. In this article, we are going to show you the best forex brokers that are UK regulated.

However, before we start it should be mentioned that not all UK regulated forex brokers deliver the same top-notch service. In fact, some go the extra mile offering unbeatable customer service, access to a wide range of markets, and user-friendly technology.

Don’t just give in to the first forex brokers that are UK regulated, because there are plenty to choose from.

Additionally, it should be mentioned that not all FCA UK regulated forex brokers are based there. A number are based offshore but have plenty of business there and/or want to be recognized by organizations like the FCA.

Is forex trading legal in the UK?

The simple answer to this question is a resounding yes. All forex trading is legal in the UK under the FCA (financial conduct authority) regulations. They are an independent body, established in 2012 to oversee the financial sector and compliance in the UK. They have quickly grown into one of the most reputed regulatory bodies in the world providing the very best protection for you as a forex trader.

How to trade forex in the UK

Trading forex in the UK is in fact not much different from getting started as a forex trader in many other parts of the world.

Typically, all top forex brokers will required the following from you in order to get started:

Proof of ID – passport is usually best for this one.

Proof of residence – A bank statement of utility bill dated within 3 months is usually fine for this purpose.

Once you have provided these documents to your UK broker, your account will typically be verified very quickly and often through automated systems. If there is any discrepancy then it may take the broker an additional day or two to complete the process, but then you will be ready to trade.

Top 10 forex brokers UK listing for 2021

Here’s our list of the best british forex brokers.

1. IG markets

One of the most established companies operating since 1974, IG markets has amassed a lifetime of experience in trading. They are even recognized as one of the longest established CFD providers in UK. As of 2018, they boast a mighty number of 195,000 clients worldwide and access to over 16,000 markets. The broker are very well-regulated by the FCA (#195355) and provide a great selection of forex pairs, over 90 within their asset offering.

Trading with IG markets, beyond a trusted, and long standing reputation in the sector, you can get started with a reasonable minimum deposit at just £250 for traders based in the UK. Once you are trading you will also find a great value spread starting at just 0.6pips perfect for all types of trader. If you are into spread betting then this too is available to users within the UK at excellent rates.

2. Pepperstone

Based in both the UK and australia pepperstone has won numerous awards since its formation in 2010. One of these prestigious awards includes first place for risk management in australia in 2017. They are FCA regulated (#684312) and in terms of security, pepperstone boasts its segregated funds system which means traders funds aren’t automatically mixed in with other traders funds in some big pile of money. Instead, funds are deposited into segregated client accounts with barclays, one of the UK’s biggest banks.

With the broker you can access a wide range of social trading features where you can really benefit from the trades and knowledge of other platform users as well as trade for yourself through the standard or ECN razor account types. Pepperstone also stays very accessible with a minimum deposit starting at just £200 and a really fantastic spread from 0 pips and a rewarding active trader program.

3. Avatrade

Avatrade is not FCA regulated, however, it is regulated in ireland by the central bank of ireland and by the FSC, the regulatory body of the british virgin islands. They are also regulated in australia, japan, and south africa, and adhere to the markets in financial instruments directive, which provides traders with a good thick layer of protection. Additionally, avatrade are the official partners of manchester city FC, one of the UK’s biggest football teams.

In all, they are a very well-trusted irish broker and many are attracted by the fact that accounts can be opened from just $100 with a great spread betting account also available. They are also one of the few to provide fixed spreads to traders. These start from an excellent 0.9 pips across a wide range of assets available. These assets, including those available for spread betting in particular, number into the hundreds and include forex, commodities, indices, equities, bonds, and etfs. An array of choice for all.

4. XTB

XTB is perhaps one of the most highly regulated forex brokers in the world. They meet the regulatory standards of numerous countries aside from the UK where they are FCA regulated (#522157), and are proud of it. XTB also has offices in more than 10 countries, hold more than 14 years in the industry and use segregated accounts to store clients funds. During this time, they have received awards from forbes and bloomberg.

A very attractive point XTB holds for many traders is the fact that no minimum deposit is required. New traders in particular like that fact, and the ability to deposit with paypal for a 2% fee makes them extremely accessible. Add to that the fact they have more than 1,500 assets to choose from including 48 forex pairs with spreads from 0.1pips and 25 crypto assets and you can easily see how they have established such a wide trader base.

5. Admiral markets

Admiral markets takes regulation very seriously. When you first open their page, you are immediately struck by a pop up showing you in what countries they are regulated. Admiral markets also make it clear that not only do they also offer clients segregated accounts, they also adhere to the FSCS and have negative balance protection in place as well as being FCA regulated (#595450).

Beyond this, they are one of the best known market maker brokers in the sector with a diverse choice of more than 4,000 assets to trade in that includes bonds, etfs, and cryptocurrency. The fact that you can open an account with just $100 is an added attraction for all levels of trader. Once you are trading you can look forward to a packed educational section perfect for learning as a new trader, and spreads that start from 0 pips on forex providing the very best value.

6. Fxpro

Fxpro is a london-based, FCA regulated (#509956) broker that is additionally regulated by cysec and SCB, giving traders a high level of protection. In 2017, fxpro was voted ‘best FX broker’ by the shares awards and they are also the official main sponsor of watford FC and official partner of the F1 mclaren team – two fairly big names in the sporting world. Additionally, fxpro were awarded ‘most trusted forex brand’ by global brands magazine in 2017 as well as countless other accolades.

A minimum deposit starting from just £100 provides top value to all, in particular newer traders, and the broker also carries one of the best known spread betting platforms in the industry, fcpro edge to appeal to that type of trader. On top of everything, you can benefit from excellent spreads starting at 0 pips, and fixed spreads available through the MT4 trading platform too.

7. FXTM

FXTM, or as it is otherwise known, forextime, was established in 2011. The company is young, but has gained a lot of respect and won a number of awards in a short period of time. FXTM’s reputation has managed to garner them more than 10,000 clients in 135 countries worldwide. Their demo account also lets you play around with $1,000,000, which is more than enough to test their platform to its absolute limits. They are of course FCA regulated (#777911) and provide a total of six account types to choose from.

Of these 6 account types, 3 are dedicated ECN accounts with extremely fast execution speeds. The broker is particularly popular among african traders, for whom they cater very well. That popularity is extended thanks to a very accessible minimum deposit starting at just £10 as well as extremely competitive spreads from 0 pips and a very rewarding loyalty program.

8. Etoro

Etoro is of course recognized as a global leader when it comes to social trading. They are the number one in this regard and one of the top brokers generally in the UK and worldwide. Etoro are comprehensively regulated by the FCA (#583263), and are often one of the first choices for new traders entering the industry.

An affordable $200 minimum deposit is the first key to getting started with this household name. Prior to that you can hone your skills with an unlimited free demo account to get some practice in. Once you’re trading, you will experience one of the most user-friendly proprietary trading platforms in the business that is heralded by traders new and experienced alike. Only the USD base currency is supported so you may incur a small conversion fee, but the services and rewarding etoro club more than make up for this, with a host of great markets available.

9. CMC markets

CMC markets is an award-winning broker that was founded in 1989 with its headquarters in london while having branches in singapore and sydney. This forex broker is FCA regulated (173730) which has helped it to build trust among professional traders and aspiring ones.

Without a minimum deposit required, CMC is an attractive option to new and even experienced traders as CMC traders have free access to VPS (virtual private server). This allows traders to utilize automated algorithmic strategies which include expert advisors that are available 24 hours each day and 7 days every week.

CMC has spreads from 0.3 pips with no commissions which is helpful to new traders just getting started out in forex trading. Their trading platform, “next generation”, together with the general trading platform known as MT4, provides traders with a combination of sophisticated trading platforms that help traders to maximize their trading options.

They also offer free webinars, market insights, and access to a wide range of options like cryptocurrencies, government bond listing and spread betting thus providing traders with an extensive range of trading opportunities.

Cash rebates are also made available for skilled and highly active traders which highlight their commitment to the traders.

10. Oanda

Last on our listing of top UK brokers but still up there with the best, is oanda. Like the others, they too are very well-regulated by the FCA (#542574), and are another much chosen pick for new and experienced traders alike. They too are highly experienced and trusted, having been in the industry since 1996.

Trading here you will find the most competitive of trade opening requirements from £1 that keeps trading available to all, though there is no minimum deposit required. There is a vast range of markets to choose from with something for all levels and types of trader, and the spreads also remain competitive starting from 1 pips with the option to try spread betting if you are interested. This combination of features and trusted reputation has helped oanda remain at the head of the industry for decades.

British trader? Here’s what to look for in a forex broker

There are a few important key points to note if you are a british trader and choosing an FCA regulated broker regarding what is permitted and not in terms of the regulation. The FCA are well-known as one of the more stringent in terms of the rules they apply, though this is ultimately for your benefit and protection.

The first thing to keep in mind is related to leverage. Under FCA regulation like cysec and ESMA brokers, this is capped at 30:1 for no professional traders. As a professional you can access as much as 400:1 leverage if you meet the criteria to qualify as a professional trader.

Unlike some other regulators though, the FCA do permit spread betting, so if this is something that interests you, then an FCA regulated broker could be the right choice. They do also ensure negative balance protection is offered to all traders and that all funds are held in segregated accounts. A further protective measure comes from the ICF (investor compensation fund). They will cover up to £85,000 in losses due to bankruptcy or insolvency of your broker.

With those points in mind, here are three key things you should be mindful of when choosing a broker:

1. Look for UK regulated forex brokers

Regulation is vital. When choosing a UK forex broker, you should really be looking no further than choosing an FCA regulated broker as your first choice, since they are the most respected regulatory body in the region who will offer you the most protection as a trader.

2. Minimum trade size is important

When trading forex you should always have a look at the minimum trade size associated with your broker. In many cases, with a leverage of 30:1, you would need a minimum of £33 in order to open a position trading on a micro lot. In that case, you should aim to deposit more in order to have the best trading experience.

With that said, there are usually brokers who offer trading with a deposit as low as £10. So, take into account your intended deposit and find a broker that matches this need.

3. Are you into betting and trading? Try spread betting

Remembering that spread betting is legal in the UK and ireland, if you are interested in trying this, then you should choose a broker that makes it available with a user-friendly trading platform. It is tax-free but known as being quite a risky trading strategy. If it interests you though, you should certainly check our listing of the best spread betting forex brokers to choose one.

How to verify if a forex broker is regulated in the UK

Of course, when you choose a regulated broker, you should take a moment to verify that regulation for yourself. This can be easily done for most UK forex brokers through visiting the FCA official website. Once you are there you can look for the FCA register and look for the company name of the broker (which often differs from the broker’s name). This company name can usually be found at the bottom of your broker homepage.

Is forex trading taxable in the UK?

Yes, forex trading is taxable in the UK. With that said, there are a number of categories. If your earnings fall below £12,500 then you will not have to pay any taxes. From there though, a capital gains tax of 10% on amounts up to £50,000, and 20% on amounts over £50,000 applies.

We are not professional tax advisors, thus we strongly suggest you contacting local authorities if you don’t know how to manage this aspect

Best trading platforms in the UK (united kingdom) for 2021

We found 11 online brokers that are appropriate for trading united kingdom.

Best united kingdom brokers guide

United kingdom financial markets

This guide will help you find the best trading platform in the UK. The UK is also known as the united kingdom. England and great britain particularly the capital london has been a world financial center for many centuries.

Restructuring and deregulation has transformed the financial sector during the last 3 decades with important changes in the london stock exchange, insurance, banking, shipping, and commodity markets.

The united kingdom also known as the UK or great britain has a number of established reputable financial markets.

The main united kingdom securities markets include the london stock exchange which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.

UK brokers

The united kingdom is ranked among one of the top five economies in the world and this attracts global investors to trade stocks, cfds, forex, commodities and cryptocurrency. We have written an extensive guide here that will help you find a reputable UK broker.

When looking for a good and reliable broker in the united kingdom its not easy. It can be very confusing. Here we explain what your trading options are in the UK and what UK brokers can and cant offer you.

Stock trading

The united kingdom historically has been a huge influence on stock markets all across the world. Dating as far back as 1571 the london stock exchange is one of the most important financial exchanges in the world. The united kingdom has been a financial powerhouse for over 450 years!

Trading stocks and shares in the UK and england is highly regulated and considered very safe. But be aware any investment can go down as well as up.

Live forex trading

Forex is the biggest liquid financial market in the world with a daily turnover of more than $5 trillion (BIS data april 2016). It is a currency exchange of two different nations and thereafter managing the result position in which one currency gains and the other loses.

Live CFD trading

CFD or contract for difference is derivatives having a value determined by as asset traded. The formats of such assets include stocks, commodities and currencies.

Spread betting

It is derivative market speculation and you are not required to own the asset. Just a bet is done whether the price will increase or decrease. Usually, the UK brokers will show the prices and you have to spread bet on it.

Demo trading if you are a beginner, it is recommended to start with a demo trading that is funded with virtual money. It will simply improve your trading skills.

Why trade in the UK?

Internationally UK is considered as one of the worlds largest financial centers. In the united kingdom brokers are highly regulated, professional and supportive. However, below are some of the important things a trader should know:

Financial markets in the united kingdom are very mature and are seen are being trustworthy due to regulation and compliance by the the financial conduct authority, UK financial services authority, the prudential regulation authority and financial services compensation fund.

The platforms used by brokers in the UK are well tested and are highly rated.

Trading platforms in the united kingdom make sure the broker you decided to trade with has all of the below.

Easy to use platform

Availability of risk management tool

Good or instant execution speed

Better quality of charts

Capability of social trading

Timely online help or support

Challenges of trading in the UK

Even a little change in US economic markets may affect the UK markets as the UK and USA have huge trading partnerships and our economies are closely linked.

Similarly, the EU too impacts the UK markets significantly as it is a multi-nation trading block.

Since the brexit negotiations in 2016, the effect on british market has not always been positive.

Even though there are challenges in the UK markets, the overall financial scenario is very favorable for traders and UK brokers have a long history of being very supportive and fair when dealing with clients.

However, when trading with a UK broker we recommend checking that the broker is a LTD company and is FCA regulated, offering an industry-standard trading platform and any deposits are done through secured channels.

We've collected thousands of datapoints and written a guide to help you find the best best trading platforms in the UK (united kingdom) for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best united kingdom brokers below. You can go straight to the broker list here.

Trading in united kingdom

When trading in united kingdom you will need to know what your options with your united kingdom trading broker are.

We list below the trading account types available in united kingdom. If you are looking for brokers in united kingdom that are suitable for trading in the forex, CFD's, indices and etfs, cryptocurrencies (availability subject to regulation) or commodity markets; this united kingdom broker guide will explain the things you should check and be aware of before you invest.

Forex trading in united kingdom

Forex trading is growing in popularity in united kingdom. The volume of forex traded in united kingdom has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in united kingdom and increased competition among brokerages have made forex trading more accessible and reduced the costs of trading generally.

Is forex trading legal in united kingdom?

Their is a misconception that trading forex on the financial market in united kingdom is considered unsafe. This is not the case, forex trading in united kingdom is very active.

Trading in forex is allowed in united kingdom as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading forex you pick a safe and reputable broker that is regulated. United kingdom forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do forex traders pay tax in united kingdom?

Once a traders profits reach a level where the income on the forex trading can be taxed in united kingdom the trader should make sure all taxes owed for a financial year are paid. United kingdom taxes should be filed even if there were losses on the year. If trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in united kingdom. You should seek advice with a united kingdom tax professional to ensure they are abiding by all proper tax laws in united kingdom. In united kingdom islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in united kingdom

Cryptocurrency markets in united kingdom are relatively new and their availability are subject to local financial regulation. Because cryptocurrency works on decentralised assets in united kingdom things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in united kingdom for example.

Due to a large young population in united kingdom with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in united kingdom. $6 billion USD worth of bitcoin is traded daily around the world.

Commodity trading in united kingdom

In united kingdom commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in united kingdom since 2002.

Fast growing countries like china and india have been growing rapidly over the last 3 decades. This has meant that countries like china and india have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like united kingdom are able to take advantage of this demand.

Islamic accounts in united kingdom

United kingdom brokers support islamic accounts or swap-free accounts. United kingdom islamic accounts have no rollover interest on overnight positions to comply the muslim faith. Traders of islamic faith are forbidden to pay interest. Brokers in united kingdom offer accounts that are suitable for islamic traders. These united kingdom brokers complies with sharia law.

Benefits of trading in united kingdom

United kingdom economy and population is growing. The middle class population in united kingdom is increasing which means a growing consumer base. Many business and financial opportunities exist in united kingdom. United kingdom has a young population educated in technology and the internet.

Concerns of trading in united kingdom

United kingdom digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this united kingdom guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. United kingdom brokers offering high leverage trades in united kingdom can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some united kingdom brokers offer as a level of protection. You can learn more about further below on this guide.

Reputable united kingdom brokers checklist

There are a number of important factors to consider when picking an online united kingdom trading brokerage.

Check your united kingdom broker has a history of at least 2 years.

Check your united kingdom broker has a reasonable sized customer support of at least 15.

Does the united kingdom broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your united kingdom broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your united kingdom broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your united kingdom can hire people from various locations in the world who can better communicate in your local language.

It is not essential that your brokerage is local but they must have regulation from a tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable united kingdom broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering united kingdom brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below united kingdom brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 united kingdom brokers of 2021 compared

Here are the top united kingdom brokers (GB).

Compare united kingdom brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are united kingdom brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more united kingdom brokers that accept united kingdom clients

Fxdailyreport.Com

The forex market transacts enormous amounts of money every day. With possible trillions moving in and out of the market every trading day, the forex market offers a great profit potential. However, where there is profit, there is also the potential for loss. In this case, the loss could begin with choosing the wrong broker. These factors should help any trader looking to invest in forex:

Regulatory compliance
before settling on a broker to trade with, it is important to know who regulates them. If a broker operates in a number of countries, they must be regulated by the authority mandated to oversee financial institutions in those states. For instance, if a broker is based in australia and operates in the US and UK, they must be regulated by the regulatory bodies of those three countries (ASIC, NFA and CFTC, and FCA and PRA respectively).

Regulatory bodies make sure that the broker you want to invest with operates within the financial laws of the host country. They also provide consumer security to traders by lending legitimacy to a broker.

Top 10 legit forex brokers

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

Data safety
how safe is your most valuable data? Currently, data has become a high-value asset to third parties. When you get into forex, you must submit sensitive user information to your broker. This includes personal and financial information that could be sold off to data banks if it got into the wrong hands. Standard data safety measures involve using SSL, or two-step verification every time you log on to a broker’s site.

Fees
any fees incurred are the standard cost of doing business. However, these expenses could affect your profits, especially if they are hidden. Still, your broker has to charge. Most brokers will opt to make their profit from spreads. Spreads are the difference between the ask and the bid price. Tight spreads mean you can easily enter and exit the market, and as such, a broker will reap maximum profits on wider spreads. Tight spreads are common in higher trading currency pairs such as the dollar/euro pair or dollar/pound pair. Highly volatile pairs will have wider spreads.

Other expenses that you might incur include fees charged during any fund transfers (deposits and withdrawals) and additional costs related to your bank account. It is, therefore imperative that you have another party look at the fee clause in your broker-trader contract to make sure you have full knowledge.

Platforms and software
A trading platform serves as your gateway to the market. A reliable platform should be highly responsive and easy to navigate, and it should have the necessary tools that allow traders to react to the market in real time. It is common for brokers to have a custom-made trading platform. However, if your broker does not have their own software, they most likely use more common trading platforms such as the metatrader 4 (MT4) or metatrader 5 (MT5).

Each platform has several features that give them an edge over competitor platforms. One of the common features of an excellent platform is the ability to run on different devices and their compatibility with various operating systems. Some platforms come with inbuilt strategies that you can use to plan your trades. Additionally, you can develop your own strategies and save them into the platform.

To expand your options, some platforms let you communicate with other traders to chart strategies or to learn from more experienced traders.

Ease of transaction
A legit forex broker allows you to access your money easily. Reputable forex brokers use the money you deposit to trade, and once they make their profit, what you earn should be easy to withdraw. Some brokers make these processes seamless by offering more access options. For instance, you can deposit or withdraw your money through paypal, debit, and credit as well as direct wire transfers.

Currency pairs
on any day, there are plenty of currency pairs getting traded. A legit broker should at least offer the major pairs. The euro, dollar, yen, and pound are the most popular currency pairs.
However, a trader can choose which pairs they prefer to trade. More established brokers tend to have a broader range of currency pairs. Check if your broker offers the currencies you would like to trade.

Accounts
A good forex broker allows traders to open an account of their choice. The initial amount determines which account you can create. Some brokers will let you open accounts with as little as $50. However, such accounts are considered risky because of the lack of flexibility with open positions. The required amount to open a standard account is about $10,000. In some cases, a broker will offer exclusive accounts that require initial capital of up to $20,000. These types of accounts usually have VIP benefits such as fewer fees and premium tools. In islamic countries, brokers may offer accounts that adhere to sharia law. These accounts do not accrue interest.

It is also vital to know if your broker offers a demo account with which you can trade risk-free before you go live. Demo accounts don’t require any financial commitment and are perfect for beginners looking to get hands-on market experience.

Customer services
forex trading is a 24-hour business rife with a number of issues that require immediate assistance. A good broker is only as effective as their support system. Fortunately, most legit forex brokers have customer service that allows you to speak to agents, lodge ticketed complains and receive technical support on various platforms. Timely support ensures that you get real-time help with sensitive information when you need it.

Broker type
the type of broker you choose in this case is purely based on profit. Electronic communication network brokers (ECN brokers) have the edge over dealing desk brokers (DD) brokers since they offer better spreads, translating to better profits for a trader. ECN brokers match trades between other traders, unlike DD brokers who might have to trade against their own clients.

Additional services
other than the basics, a good forex broker could sweeten the deal for you by offering in-house services such as tax statement preparation, up to date market news, additional expert analysis and occasional classes that help you better your skill as a trader.

So, let's see, what we have: top choices 10 best forex brokers in the UK fully regulated by FCA, lets trade with reputable trading platforms has offices in london. At list of forex trading companies in uk