Choosing the right Forex Broker can undoubtedly lead to better results, especially in the UK. Accordingly, if you want to trade optimally, you’ll need to:

  • Find the right forex trading platforms, we will be looking into UK's best forex brokers.
  • Make sure the broker has good customer service, this will help you with opening an account, getting verified, the deposit & withdrawal process, and most importantly getting the help you need for your day-to-day trading questions.
  • Open an account with the best trading account provider.
  • Trade on the best platform providers in the UK.
  • Get insight on all the fees and trading costs.

However, to really bring out the best in your forex trading (Learn the basics), the trading platform you choose should meet your needs and bring out the best of your trading style.

This in turn means that following the adage 'your trading strategy, your rules', setting up the best possible trading accounts in the UK might not be a particularly straightforward process.

Getting Started – FX Trading in the UK

The best online brokerage service in the UK will most likely be up to you to decide because it is your own personal finance that is at stake. Each trader has its own preferred style, strategy and asset class, such as mutual funds, buying stocks, etc. This is why some brokers' offerings will be valued higher than others and the best trading platform UK can vary so greatly.

With this in mind, you should remember that before starting to use your bank account to explore the forex market or to buy and sell stocks, you can take the time to open a demo account on each one of these.

Always prioritize trading only with regulated brokers rather than seeking only commission-free trades. Remember always to only invest in what you can afford whilst not draining any savings accounts.

Then only then you will know exactly what your trading options are and what exactly works best for you, leading you to have the best trading accounts in the UK.

As such, read on to find out what suits you best.

Top Forex Brokers in the UK

1. Tickmill

tickmill

Tickmill was founding in 2014 and it is known for its reliability, incredibly competitive pricing, and elegant platform add-ons.It offers the full MetaTrade suite and for the Tickmill Pro and VIP account holders, prices won’t get any better than this.

Tickmill’s unbelievably low commissions and fees have earned them distinctions and awards across the board.

It is no surprise that Tickmill has quickly become a top contender for professional traders.

However, their offered isn’t limited to pros as their educational resources and copy trading capabilities will turn anyone into a pro.

Regardless of your trading skill, Tickmill really shines for is high-volume and high-balance traders as it really shines in terms of popular CFD instrument and forex trading.

Tickmill Features

Regulation: FCA regulated

Leverage: 1:30 for European retail clients (Tickmill EU), 1:500 for retail clients abroad (Tickmill Ltd Seychelles). As for pro traders: 1:500 in the UK, 1:300 in the EU.

Minimum spreads: 0.2 pips average

Minimum deposit: $100

Trading platforms on offer: MetaTrader 4

Customer Support: Live chat, telephone. 24/5

Benefits: Educational materials, no inactivity fees, a demo account is provided.

2. INFINOX

logo broker infinox

Infinox was founded in 2009 and, ever since, it worked relentlessly and became a serious contender for best broker for UK investors.

Its headquarters are in the UK but the business itself has expanded into over 15 countries with a simple winning formula: Infinox aims at excelling in competitive trading conditions while providing a premium trading experience and exceptional client service.

To do so, Infinox features two different types of trading accounts (STP and ECN), over 50 currency pairs for Forex, and Indices, Equities, Futures, and Commodities.

Infinox is also regulated by the FCA, the FSC, FSCA, and many other top tier jurisdictions which means it can be considered a reliable and transparent broker.

And with their sophisticated trading tools there's ample reason why UK traders put their trust in Infinox.

Infinox Features

  • Regulation: FCA, SCB, FSCA, FSC
  • Leverage: Varies from 1:30 (majors), 1:20 (minors), and 1:10 for (commodities). It can go as high as 1:200 via international proposal with SCB
  • Minimum spreads: 0.4 pips (ECN) / 1.2 (STP)
  • Minimum deposit: $1
  • Trading platforms on offer: MT4, MT5, IX Social, CQG
  • Customer Support: 24/5
  • Benefits: Educational materials, Demo Account is provided

3. XTB

XTB

Whether you want to start trading or you’re only starting out, XTB has got your back.

XTB is an award-winning platform which vows to help traders, regardless of their experience, at every given stage of their trading journey.

Its educational section features an incredible video library and trading academy courses which vary from basic to intermediate, and the expert level.

For an online broker, XTB isn’t just for those who want to start investing. It boasts over 15 years of activity in the financial markets and a 525,000-customer base so you’ll find reasons to stick with them long-term too for your brokerage account.

Moreover, with multilingual customer support, regardless of your background, you’re guaranteed to have a dedicated support team right there with you.

XTB Features

Regulation: FCA (FRN 522157)

Leverage: 30:1

Minimum spreads: 0.5 pips (standard accounts), 0.1 (pro accounts)

Minimum deposit: No minimum deposit is required

Trading platforms on offer: xStation

Customer Support: Telephone support, dedicated account manager, live chat. 24/5

Benefits: Educational portal

4. Interactive Brokers

IBKR

If you are a professional or heading into pro territory, Interactive Brokers might be your best option.

Interactive Brokers’ FXTrader was crafted with the purpose of optimizing your trading to the fullest and features specially designed tools to trade the currency markets.

Their interbank-quality spreads leave no trader indifferent as they allow trading the best bid/ask from multiple liquidity providers, all with incredibly low spreads.

Ranging from scale, OCA, limit if touched and trailing stop limits, Interactive Brokers’ FX trader features over 20 order types for your favorite currency pair.

You will also be able to review the margin implications and order details before using Interactive Brokers’ instantaneous transmission will send out your orders with one click on the bid or the ask.

Interactive Brokers Features

Regulation: FCA (FRN 522157)

Leverage: 26:1 (400:1 for professional traders)

Minimum spreads: No spread. IB’s commission is based on monthly trade volume.

Minimum deposit: No minimum deposit is required

Trading platforms on offer: TraderWorkstation (TWS) compatible with MT5

Customer Support: Telephone support, email, live chat. 24/5. English.

Benefits: Referral bonus, educational portal

5. Saxo Bank

saxo

Saxo Bank allows traders to trade forex with added flexibility on the spot or derivatives markets.

Buying and selling one of their 190 currency pairs is a seamless experience, but Saxo Bank really takes it further beyond by having a Crypto FX feature in which you can gain exposure to crypto by trading them against some of the major currencies.

FX options and FX swaps are also on the table, meaning you can anticipate futures prices via maturities which range from a day to 12 months, but also speculate on FX prices as you hedge your exposure.

Saxo Bank bases its value proposition in 4 pillars:

· An award-winning platform in which you’ll be met with trade signals, innovative features aimed at risk management and news feeds.

· Incredibly competitive FX spreads with competitive entry prices and low rates.

· Best-in-class execution on the back of tier-1 liquidity for higher fill rates, less premature stop-outs, and no asymmetric slippage.

· 25 years of experience and expert service around the clock.

As such, it comes as no surprise that over 850,000 customers can vouch for Saxo Bank.

Saxo Bank Features

Regulation: Fully regulated in 15 countries

Leverage: 50:1

Minimum spreads: 0.6 pips

Minimum deposit: £500

Trading platforms on offer: SaxoTraderGO

Customer Support: Telephone support, dedicated point of contact (relationship managers and sales traders). 24/5. English.

Benefits: Referral bonus, educational portal

6. CMC Markets

CMC

At CMC Markets it’s not just about forex traders but all types of traders out there.

It puts the individual at the heart of what it does and aims to provide the ultimate trading experience, constantly improving the way its clients invest in financial markets.

CMC Markets’ efforts translated into being recognized with the #1 Platform Technology Award at ForexBrokers.com Awards 2021.

With over 12,000 financial instruments to trade on, CMC Markets vows to provide the tightest spreads irrespective of market volatility across their product range.

From forex to indices. From shares to commodities. You can trade CFDs on a wide range of global financial markets, and you’re guaranteed to find whichever instrument better suits your needs.

With 300 forex instruments, 60 indices, 15 cryptocurrencies, 90 commodities, 30 treasuries and 9000 shares and ETFs, you can really tell why CMC Markets is one of the UK’s highest-rated trading platforms.

CMC Markets Features

Regulation: FCA (173730)

Leverage: 30:1

Minimum spreads: 0.6 pips

Minimum deposit: No minimum deposit is required

Trading platforms on offer: MT4

Customer Support: Telephone support, 24/5. English.

Benefits: Referral bonus ($250 bonus* when they trade on a CFD account)

7. City Index

city index

City Index’s mobile app really shines when trading on the go, but that’s not all they have to offer.

With over 99% of trades being executed in under a second and a 0.05 second average, City Index means speed.

In fact, their best execution policy ensures that if the price moves in your favor as the order is still being processed, City Index will execute the order at a better price.

City Index features a suite of award-winning trading platforms (Online Money Awards 2022), including an incredible mobile trading app (Professional Trader Awards 2021) which doesn’t compromise on performance.

City Index UK traders will be met with access to both spread bets and CFDs.

They are part of StoneX Group, (NASDAQ: SNEX), a company with a proven track record in providing both retail and institutional clients with trading services.

City Index Features

Regulation: FCA (446717), ASIC, CySec, and MAS

Leverage: 30:1 (retail traders), 400:1 (professional traders)

Minimum spreads: 0,8 pips

Minimum deposit: £100

Trading platforms on offer: MT4

Customer Support: Round the clock from 10 am Sunday to 5 pm Friday

Benefits: Learning hub

8. Forex.com

forex.com

Forex.com aims at giving investors the complete CFD trading experience.

To do so, it builds on 5 pillars.

Their award-winning mobile and web platforms: Forex.com builds platforms with the investor at its heart, which is why you’ll find some amazing features, such as their Performance Analytics, TradingView charts, market commentary, Reuters news feeds and so forth. Moreover, they deliver exclusive MT5 tools to its customers which you won’t be able to find anywhere else.

Tight Spreads: Forex.com prides itself on its tight spreads and fully transparent, straightforward pricing, meaning that you will never be caught off guard.

Fast execution with 99.73% of trades being executed in less than 1 second.: reliable, lighting fast execution is something not many brokers can claim. Forex.com, however, takes pride in its execution speed and reliability. The company doesn’t outsource execution responsibility.

As such, not only are they fully accountable for every single trade, but you also get to save money in the process as it uses price improvement technology to consistently ensure a better price.

Being fully regulated and a financially stable provider: Forex.com is a part of StoneX, a company which is listed on NASDAQ and boasts assets of nearly $11 billion. And, in what concerns regulations, Forex.com is regulated in several different regions across the globe, which in turn means that their customers’ money is secure as it is held in separate accounts in trustworthy top-tier banks.

Unparalleled customer support: With Forex.com, you’ll be getting help from dedicated specialists whether it’s for setting up your account, getting you started, getting a personalized walkthrough, or simply answering any other questions you might have.

You will always be in the loop as you can opt to get calls or emails regarding service enhancements or any other changes which might impact your account (regulatory, pricing or margin). You can even subscribe to emails catered to helping improve your trades and your trading plan.

Forex.com Features

Regulation: Financial Conduct Authority (FCA)

Leverage: 50:1

Minimum spreads: 0,43 pips average

Minimum deposit: £100

Trading platforms on offer: MT4, MT5

Customer Support: 24h a day from 10 am Sunday to 5 pm Friday

Benefits: Educational section

Disclaimer

Finance Magnates is not an investment advisor. This is for informational purposes only, and any statements made, or opinions voiced in this content do not constitute investment advice. Finance Magnates does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the review comes from trusted sources, Finance Magnates is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Finance Magnates shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Finance Magnates Website.

Choosing the right Forex Broker can undoubtedly lead to better results, especially in the UK. Accordingly, if you want to trade optimally, you’ll need to:

  • Find the right forex trading platforms, we will be looking into UK's best forex brokers.
  • Make sure the broker has good customer service, this will help you with opening an account, getting verified, the deposit & withdrawal process, and most importantly getting the help you need for your day-to-day trading questions.
  • Open an account with the best trading account provider.
  • Trade on the best platform providers in the UK.
  • Get insight on all the fees and trading costs.

However, to really bring out the best in your forex trading (Learn the basics), the trading platform you choose should meet your needs and bring out the best of your trading style.

This in turn means that following the adage 'your trading strategy, your rules', setting up the best possible trading accounts in the UK might not be a particularly straightforward process.

Getting Started – FX Trading in the UK

The best online brokerage service in the UK will most likely be up to you to decide because it is your own personal finance that is at stake. Each trader has its own preferred style, strategy and asset class, such as mutual funds, buying stocks, etc. This is why some brokers' offerings will be valued higher than others and the best trading platform UK can vary so greatly.

With this in mind, you should remember that before starting to use your bank account to explore the forex market or to buy and sell stocks, you can take the time to open a demo account on each one of these.

Always prioritize trading only with regulated brokers rather than seeking only commission-free trades. Remember always to only invest in what you can afford whilst not draining any savings accounts.

Then only then you will know exactly what your trading options are and what exactly works best for you, leading you to have the best trading accounts in the UK.

As such, read on to find out what suits you best.

Top Forex Brokers in the UK

1. Tickmill

tickmill

Tickmill was founding in 2014 and it is known for its reliability, incredibly competitive pricing, and elegant platform add-ons.It offers the full MetaTrade suite and for the Tickmill Pro and VIP account holders, prices won’t get any better than this.

Tickmill’s unbelievably low commissions and fees have earned them distinctions and awards across the board.

It is no surprise that Tickmill has quickly become a top contender for professional traders.

However, their offered isn’t limited to pros as their educational resources and copy trading capabilities will turn anyone into a pro.

Regardless of your trading skill, Tickmill really shines for is high-volume and high-balance traders as it really shines in terms of popular CFD instrument and forex trading.

Tickmill Features

Regulation: FCA regulated

Leverage: 1:30 for European retail clients (Tickmill EU), 1:500 for retail clients abroad (Tickmill Ltd Seychelles). As for pro traders: 1:500 in the UK, 1:300 in the EU.

Minimum spreads: 0.2 pips average

Minimum deposit: $100

Trading platforms on offer: MetaTrader 4

Customer Support: Live chat, telephone. 24/5

Benefits: Educational materials, no inactivity fees, a demo account is provided.

2. INFINOX

logo broker infinox

Infinox was founded in 2009 and, ever since, it worked relentlessly and became a serious contender for best broker for UK investors.

Its headquarters are in the UK but the business itself has expanded into over 15 countries with a simple winning formula: Infinox aims at excelling in competitive trading conditions while providing a premium trading experience and exceptional client service.

To do so, Infinox features two different types of trading accounts (STP and ECN), over 50 currency pairs for Forex, and Indices, Equities, Futures, and Commodities.

Infinox is also regulated by the FCA, the FSC, FSCA, and many other top tier jurisdictions which means it can be considered a reliable and transparent broker.

And with their sophisticated trading tools there's ample reason why UK traders put their trust in Infinox.

Infinox Features

  • Regulation: FCA, SCB, FSCA, FSC
  • Leverage: Varies from 1:30 (majors), 1:20 (minors), and 1:10 for (commodities). It can go as high as 1:200 via international proposal with SCB
  • Minimum spreads: 0.4 pips (ECN) / 1.2 (STP)
  • Minimum deposit: $1
  • Trading platforms on offer: MT4, MT5, IX Social, CQG
  • Customer Support: 24/5
  • Benefits: Educational materials, Demo Account is provided

3. XTB

XTB

Whether you want to start trading or you’re only starting out, XTB has got your back.

XTB is an award-winning platform which vows to help traders, regardless of their experience, at every given stage of their trading journey.

Its educational section features an incredible video library and trading academy courses which vary from basic to intermediate, and the expert level.

For an online broker, XTB isn’t just for those who want to start investing. It boasts over 15 years of activity in the financial markets and a 525,000-customer base so you’ll find reasons to stick with them long-term too for your brokerage account.

Moreover, with multilingual customer support, regardless of your background, you’re guaranteed to have a dedicated support team right there with you.

XTB Features

Regulation: FCA (FRN 522157)

Leverage: 30:1

Minimum spreads: 0.5 pips (standard accounts), 0.1 (pro accounts)

Minimum deposit: No minimum deposit is required

Trading platforms on offer: xStation

Customer Support: Telephone support, dedicated account manager, live chat. 24/5

Benefits: Educational portal

4. Interactive Brokers

IBKR

If you are a professional or heading into pro territory, Interactive Brokers might be your best option.

Interactive Brokers’ FXTrader was crafted with the purpose of optimizing your trading to the fullest and features specially designed tools to trade the currency markets.

Their interbank-quality spreads leave no trader indifferent as they allow trading the best bid/ask from multiple liquidity providers, all with incredibly low spreads.

Ranging from scale, OCA, limit if touched and trailing stop limits, Interactive Brokers’ FX trader features over 20 order types for your favorite currency pair.

You will also be able to review the margin implications and order details before using Interactive Brokers’ instantaneous transmission will send out your orders with one click on the bid or the ask.

Interactive Brokers Features

Regulation: FCA (FRN 522157)

Leverage: 26:1 (400:1 for professional traders)

Minimum spreads: No spread. IB’s commission is based on monthly trade volume.

Minimum deposit: No minimum deposit is required

Trading platforms on offer: TraderWorkstation (TWS) compatible with MT5

Customer Support: Telephone support, email, live chat. 24/5. English.

Benefits: Referral bonus, educational portal

5. Saxo Bank

saxo

Saxo Bank allows traders to trade forex with added flexibility on the spot or derivatives markets.

Buying and selling one of their 190 currency pairs is a seamless experience, but Saxo Bank really takes it further beyond by having a Crypto FX feature in which you can gain exposure to crypto by trading them against some of the major currencies.

FX options and FX swaps are also on the table, meaning you can anticipate futures prices via maturities which range from a day to 12 months, but also speculate on FX prices as you hedge your exposure.

Saxo Bank bases its value proposition in 4 pillars:

· An award-winning platform in which you’ll be met with trade signals, innovative features aimed at risk management and news feeds.

· Incredibly competitive FX spreads with competitive entry prices and low rates.

· Best-in-class execution on the back of tier-1 liquidity for higher fill rates, less premature stop-outs, and no asymmetric slippage.

· 25 years of experience and expert service around the clock.

As such, it comes as no surprise that over 850,000 customers can vouch for Saxo Bank.

Saxo Bank Features

Regulation: Fully regulated in 15 countries

Leverage: 50:1

Minimum spreads: 0.6 pips

Minimum deposit: £500

Trading platforms on offer: SaxoTraderGO

Customer Support: Telephone support, dedicated point of contact (relationship managers and sales traders). 24/5. English.

Benefits: Referral bonus, educational portal

6. CMC Markets

CMC

At CMC Markets it’s not just about forex traders but all types of traders out there.

It puts the individual at the heart of what it does and aims to provide the ultimate trading experience, constantly improving the way its clients invest in financial markets.

CMC Markets’ efforts translated into being recognized with the #1 Platform Technology Award at ForexBrokers.com Awards 2021.

With over 12,000 financial instruments to trade on, CMC Markets vows to provide the tightest spreads irrespective of market volatility across their product range.

From forex to indices. From shares to commodities. You can trade CFDs on a wide range of global financial markets, and you’re guaranteed to find whichever instrument better suits your needs.

With 300 forex instruments, 60 indices, 15 cryptocurrencies, 90 commodities, 30 treasuries and 9000 shares and ETFs, you can really tell why CMC Markets is one of the UK’s highest-rated trading platforms.

CMC Markets Features

Regulation: FCA (173730)

Leverage: 30:1

Minimum spreads: 0.6 pips

Minimum deposit: No minimum deposit is required

Trading platforms on offer: MT4

Customer Support: Telephone support, 24/5. English.

Benefits: Referral bonus ($250 bonus* when they trade on a CFD account)

7. City Index

city index

City Index’s mobile app really shines when trading on the go, but that’s not all they have to offer.

With over 99% of trades being executed in under a second and a 0.05 second average, City Index means speed.

In fact, their best execution policy ensures that if the price moves in your favor as the order is still being processed, City Index will execute the order at a better price.

City Index features a suite of award-winning trading platforms (Online Money Awards 2022), including an incredible mobile trading app (Professional Trader Awards 2021) which doesn’t compromise on performance.

City Index UK traders will be met with access to both spread bets and CFDs.

They are part of StoneX Group, (NASDAQ: SNEX), a company with a proven track record in providing both retail and institutional clients with trading services.

City Index Features

Regulation: FCA (446717), ASIC, CySec, and MAS

Leverage: 30:1 (retail traders), 400:1 (professional traders)

Minimum spreads: 0,8 pips

Minimum deposit: £100

Trading platforms on offer: MT4

Customer Support: Round the clock from 10 am Sunday to 5 pm Friday

Benefits: Learning hub

8. Forex.com

forex.com

Forex.com aims at giving investors the complete CFD trading experience.

To do so, it builds on 5 pillars.

Their award-winning mobile and web platforms: Forex.com builds platforms with the investor at its heart, which is why you’ll find some amazing features, such as their Performance Analytics, TradingView charts, market commentary, Reuters news feeds and so forth. Moreover, they deliver exclusive MT5 tools to its customers which you won’t be able to find anywhere else.

Tight Spreads: Forex.com prides itself on its tight spreads and fully transparent, straightforward pricing, meaning that you will never be caught off guard.

Fast execution with 99.73% of trades being executed in less than 1 second.: reliable, lighting fast execution is something not many brokers can claim. Forex.com, however, takes pride in its execution speed and reliability. The company doesn’t outsource execution responsibility.

As such, not only are they fully accountable for every single trade, but you also get to save money in the process as it uses price improvement technology to consistently ensure a better price.

Being fully regulated and a financially stable provider: Forex.com is a part of StoneX, a company which is listed on NASDAQ and boasts assets of nearly $11 billion. And, in what concerns regulations, Forex.com is regulated in several different regions across the globe, which in turn means that their customers’ money is secure as it is held in separate accounts in trustworthy top-tier banks.

Unparalleled customer support: With Forex.com, you’ll be getting help from dedicated specialists whether it’s for setting up your account, getting you started, getting a personalized walkthrough, or simply answering any other questions you might have.

You will always be in the loop as you can opt to get calls or emails regarding service enhancements or any other changes which might impact your account (regulatory, pricing or margin). You can even subscribe to emails catered to helping improve your trades and your trading plan.

Forex.com Features

Regulation: Financial Conduct Authority (FCA)

Leverage: 50:1

Minimum spreads: 0,43 pips average

Minimum deposit: £100

Trading platforms on offer: MT4, MT5

Customer Support: 24h a day from 10 am Sunday to 5 pm Friday

Benefits: Educational section

Disclaimer

Finance Magnates is not an investment advisor. This is for informational purposes only, and any statements made, or opinions voiced in this content do not constitute investment advice. Finance Magnates does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the review comes from trusted sources, Finance Magnates is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Finance Magnates shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Finance Magnates Website.