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Best Forex Brokers in the UK: A Comparative Guide

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

  • Eightcap - Best broker to trade directly from TradingView charts

  • XM Group - Best Order Execution (99.35% of orders are executed nearly instantly)

  • TeleTrade - Best for learning trading basics (a lot of educational and analytical materials)

  • Vantage Markets - Best for trading CFDs on major U.S. Stocks (zero fees apply)

  • VT Markets - Attractive Forex bonuses (50% welcome bonus, 20% deposit bonus)

  • FxPro - Biggest choice of currency pairs (70+ FX CFDs)

At Traders Union, we evaluate Forex brokers to help traders make informed, confident decisions and avoid unreliable or unsafe options. We use a professional and detailed approach, focusing on key factors such as regulation and safety, trading costs, ease of use, platform features for all experience levels, and real trader feedback collected over 15 years.

We’ve outlined every step of our evaluation in detail on our Methodology Page. Our process is transparent, data-driven, and built on years of expertise, combined with real trader insights, ensuring you can trust our recommendations.

Our goal is to guide traders toward brokers that are safe, reliable, and suited to their needs, whether they are beginners or experienced professionals in the UK

Warning:

There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Comparison of leading Forex brokers in the UK

The minimum deposit, EUR/USD spread, eligibility for residents of the UK, and the number of available currency pairs are key factors to consider when choosing a broker.

  • The minimum deposit shows how affordable it is to start trading.
  • The EUR/USD spread highlights trading costs—lower spreads mean you save more.
  • Eligibility for residents of the UK ensures you can legally access the broker’s services.
  • The number of currency pairs reveals the variety of trading options available.

Together, these factors help you determine if a broker is safe, cost-effective, and aligned with your trading needs.

Eightcap
Minimum deposit, $ 100 5 10 50 100 100 5 10 50 100 100
Accepts residents of country
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
ECN Spread EUR/USD 0,1 0,2 0,2 0,3 0,3 0,2 0,2 0,2 0,3 0,3 0,2
Currency pairs 40 57 60 40 55 70 57 60 40 55 70
Tradable assets 800 1400 300 1000 1000 2100 1400 300 1000 1000 2100
Study review Study review Study review Study review Study review Study review Study review Study review Study review Study review Study review Study review

We have analyzed the key advantages and disadvantages of the leading Forex brokers in the UK, as well as their overall ratings based on our proprietary methodology.

Available in the UK
1
TU Overall Score 9.1 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
8.1 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
8 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
10 /10
  • The broker is registered in the Bahamas and Seychelles, and is regulated by the Securities Commission of the Bahamas (SCB, SIA-F220), ASIC (391441), FCA (921296), CySEC (246/14). Also, it partners with many proprietary firms;
  • Negative balance protection;
  • Traders need to deposit only $100 to open a live account, and the broker imposes few trading limits on its clients;
  • Hundreds of the most popular CFDs are available, and the pool is constantly expanding;
  • Eightcap provides one of the most profitable trading costs with really tight spreads;
  • Almost all options for depositing/withdrawing funds are available and the broker does not charge a withdrawal fee;
  • The broker’s clients can work through any of the three top trading platforms, including mobile versions of the MetaTrader solutions;
  • The company provides high-quality training, extensive analytics, and its own developments for automated trading.
  • No joint accounts, copy trading, or other options for passive income.
Available in the UK
2
TU Overall Score 9 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
9.1 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
9.2 /10
  • XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
  • No “markup” on narrow market spreads (broker's margins over the spread);
  • Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
  • No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
  • Around the clock support for 5 days a week in more than 30 languages.
  • Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
Available in the UK
3
TU Overall Score 8.6 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
9.3 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
4.7 /10
  • detailed analytical section;
  • informative training section;
  • Invest Start risk-free investment service;
  • interest accrual on deposit;
  • copytrading service;
  • several affiliate programs with high payouts.
  • no PAMM accounts or other money management options;
  • few withdrawal options;
  • support is available 24/5;
  • withdrawals delayed;
  • technical support responds slowly;
  • sometimes it takes a long time to verify data.
Available in the UK
4
TU Overall Score 8.3 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
7.8 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
7 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
10 /10
  • A vast array of trading instruments like 1000+ currency pairs and contracts for difference (CFDs).
  • The broker has licenses from four reputable regulators.
  • Classic trading terminals and a proprietary mobile application.
  • An extensive array of trading signals to choose from for traders, regardless of the type of trading account.
  • Customers from most countries are forced to cooperate with a branch that has an offshore license.
  • Limited training and a lack of information on Forex trading.
  • Snail-paced withdrawal of funds with the requirement to comply with special conditions.
Available in the UK
5
TU Overall Score 8.7 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
9.7 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
6 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
9.5 /10
  • Financially stable parent company and reliable custodian bank.
  • Over 230 assets of different classes are available for trading.
  • It allows trading using STP, ECN, and Islamic accounts.
  • A wide range of investment solutions from reputable third-party platforms.
  • Margin trading with leverage up to 1:500 for cryptocurrency pairs.
  • Average trading commissions on ECN and precise market spreads on all account types.
  • Access to making trades in desktop and mobile terminals MetaTrader 4/5, as well as in the web version of MT4.
  • The high minimum deposit for novice traders is $50.
  • Lack of access to micro (cent) accounts.
  • The list of available assets does not include cryptocurrencies and ETFs.
Available in the UK
6
TU Overall Score 7.9 /10
User Satisfaction score Overall user experience and feedback based on ease of use, customer support, and platform reliability.
8.5 /10
Commissions and fees score Analysis of the cost structure including trading commissions, minimum fees per trade, and withdrawal fees.
6 /10
Regulation and safety score Assessment of regulatory compliance, financial security measures, and the overall safety of client funds.
10 /10
  • Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
  • insurance of client funds at the expense of the broker participation in an investor compensation fund;
  • beginner traders will be able to access tested advisors;
  • a full package of services is available to the client regardless of the balance of his account;
  • VIP account holders are offered a personal manager and get a Free VPS;
  • company capital exceeds 100 million euros;
  • offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
  • the reliable trading environment provided by the competent educational and research department.
  • it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
  • difficulties registering in an affiliate program.

Why trust us

We at Traders Union have analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we encourage users to perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Trading fees and commissions of top brokers in the UK

We compared both trading and non-trading fees of the top brokers in the UK. This comparison highlights the following:

  • Trading fees:

    These include average spreads in pips for popular currency pairs like EUR/USD and GBP/USD, based on both Standard and ECN account types with floating spreads.

  • Non-trading fees:

    These cover deposit and withdrawal fees (percentage-based), along with inactivity fees.

By analyzing these parameters, we aim to provide a transparent overview of the cost-effectiveness of brokers in the UK.

Trading fees
Eightcap
ECN Spread EUR/USD 0,1 0,2 0,2 0,3 0,3 0,2 0,2 0,2 0,3 0,3 0,2
ECN Spread GBP/USD 0,3 0,2 0,2 0,5 0,4 0,2 0,2 0,2 0,5 0,4 0,2
ECN fee ($) 3,5 3,5 3,5 3 3 3 3,5 3,5 3 3 3
Standard acc. EUR/USD spread 1,0 1,0 1.2 0,9 0,8 1,3 1,0 1.2 0,9 0,8 1,3
Standard acc. GBP/USD spread 1,2 0,9 0,3 1,1 0,9 1,3 0,9 0,3 1,1 0,9 1,3
XAU/USD spread, pips 25 35 35 20
No
25
35 35 20
No
25
Non-trading fees
Eightcap
Deposit fee, %
No
No
No
No
No
No
No
No
No
No
No
Withdrawal fee, %
No
No
No
No
1-3
No
No
No
No
1-3
No
Withdrawal fee, $
No
No
No
No
No
No
No
No
No
No
No
Inactivity fee, $
No
10
No
No
No
15
10
No
No
No
15

Security and regulation of top brokers in the UK

When choosing a Forex broker in the UK, regulation ensures your funds are safe. Tier-1 regulation is the most reliable, with strict rules on transparency and client protection. Tier-2 regulation is solid but less strict, offering a reasonable level of oversight. Tier-3 regulation and unregulated brokers are riskier, with minimal or no monitoring, which can put your money at risk.

The data below shows the regulatory level of brokers available in the UK, helping you make a safe and informed choice.

Eightcap
Regulation and safety 10 9.2 4.7 10 9.5 10 9.2 4.7 10 9.5 10
Regulation ASIC, SCB, CySEC, FCA CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius) SVGFSA ASIC, FCA, FSCA, VFSC ASIC, FSCA, FSC Mauritius FCA, CYSEC, FSCA, SCB, FSA (Seychelles) CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius) SVGFSA ASIC, FCA, FSCA, VFSC ASIC, FSCA, FSC Mauritius FCA, CYSEC, FSCA, SCB, FSA (Seychelles)
Max. Regulation Level Tier-1 Tier-1 Tier-1 Tier-1 Tier-1 Tier-1 Tier-1 Tier-1 Tier-1 Tier-1 Tier-1
Investor protection £85,000
€20,000
£85,000
€20,000
No
€20,000
£85,000
No
€20,000
£85,000
€20,000
No
€20,000
£85,000
No
€20,000
Negative balance protection
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes

Top 3 brokers for beginners in the UK

This comparison highlights the best brokers in the UK for new traders based on the following criteria:

  • Education Score: Assesses the quality of educational materials, such as tutorials and guides.
  • Cent Accounts: Allow traders to start with minimal capital ($1–$10), enabling them to learn market dynamics with limited financial risk.
  • Demo Accounts: Provide risk-free environments for practicing trading strategies.
  • Copy Trading: Enables new traders to learn by replicating the trades of experienced traders.
  • PAMM Accounts: Offer opportunities for passive investment.

These features help ensure a smooth start and effective learning experience for beginners in the UK.

Vantage Markets FBS TeleTrade
Education score 4.31 9.03 8.29
Demo
Yes
Yes
Yes
Copy trading
Yes
No
No
PAMM
No
No
No
Cent
Yes
Yes
Yes

Is Forex regulated in the UK?

Forex trading is legal and regulated in the UK by the Financial Conduct Authority (FCA). The FCA sets strict standards for brokers, including mandatory licensing and robust customer protection measures.

Forex investor protection in the United Kingdom

The FCA provides a high level of investor protection. Client funds must be held in segregated accounts, and brokers must comply with financial strength and transparency requirements. In the event of a broker's insolvency, traders can receive compensation of up to £85,000 through the Financial Services Compensation Scheme (FSCS).

Forex taxation in the United Kingdom

Forex taxation in the UK depends on the trader's status. For professional traders, income is taxed as capital gains at a rate of up to 20%. Retail traders may be exempt from tax if their trading is considered speculative (spread betting).

How to choose a Forex broker in the UK

For beginners, it’s essential to start with a strong foundation in Forex trading basics. Focus on understanding trading psychology, how leverage impacts risk, and the importance of lot sizes and risk management strategies.

Once you’ve built your knowledge, follow these practical steps to begin trading Forex in the UK:

  • Check regulation and security.

    Ensure the broker is regulated by a Tier-1 or Tier-2 regulatory authority or holds a valid license in the UK. Regulation helps guarantee fund safety and compliance with industry standards.

  • Compare fees and spreads.

    Seek brokers offering low spreads, transparent fees, and competitive commission structures for the UK clients to minimize trading costs.

  • Evaluate trading platforms.

    Choose brokers offering advanced platforms such as MT4, MT5, or TradingView for efficient trading and analysis.

  • Review account types.

    Select a broker that offers account types suited to your needs, such as Cent and Demo accounts for beginners and ECN accounts for experienced traders.

  • Assess deposit and withdrawal options.

    Ensure the broker provides fast, affordable, and reliable deposit and withdrawal methods in the UK.

  • Check customer support quality.

    Choose brokers that offer responsive, multilingual support 24/7 to ensure prompt and effective issue resolution.

Top 3 forex brokers for trading GBP/USD in the UK

Traders in the UK often prioritize brokers offering GBP accounts to eliminate currency conversion fees, tight spreads on GBP/USD for cost-effective trading, and regulation by the Financial Conduct Authority (FCA) for enhanced security and compliance. Brokers providing advanced platforms like MetaTrader or cTrader, reliable customer support, and access to a wide range of trading tools are particularly appealing to UK traders. Below, we present the top 3 brokers that excel in these areas, ensuring optimal conditions for trading GBP/USD.
Eightcap Vantage Markets FxPro
FCA UK regulation
Yes
Yes
Yes
ECN Spread GBP/USD 0,3 0,5 0,2
GBP/USD fee 3,5 3 3
GBP account
Yes
Yes
Yes
Open an account Study review Study review Study review

Expert advice for traders in the UK

Author at Traders Union Parshwa Turakhiya
Updated on July 07, 2025

In my experience, responsive customer support is crucial for a positive trading experience. Trading inevitably involves occasional issues, whether it's a question about deposits and withdrawals or a technical problem with the platform. Brokers offering 24/7 multilingual support have been invaluable in my trading journey. Multiple communication channels, such as live chat and phone support, facilitate prompt issue resolution. Reliable customer support not only addresses issues quickly but also demonstrates the broker's commitment to its clients' success.

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Team that worked on the article

Oleg Tkachenko
Author and expert at Traders Union

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Also, Oleg became a member of the National Union of Journalists of Ukraine (membership card No. 4575, international certificate UKR4494).

Chinmay Soni
Developmental English Editor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).