Forex Brokers in UK 2019

Looking for the best UK forex broker for 2019? You are in the right place! There are a large variety of Forex brokers available to today’s UK Forex trader. Forex trading is always evolving with new FX brokers emerging all the time, making it difficult for both the UK and global forex trader to stay up to date. The best Forex broker for one trader may not be the best broker for another. It depends on your trading style, what you want to trade and your support needs. Some Forex broker offerings are general, whilst some aspects might appeal to a traders individual style and needs.

Choose a Forex Broker

Forex broker regulation, however, is very important for any trader when choosing a broker, since one of the key features in the choice of broker is how safe your investment will be. The best forex brokers in the UK are generally regulated in different countries, by different regulators. Read this article for a definition of the different European Financial Regulators.

In this section we review various forex brokers based on regulation, usability, platforms, minimum deposit, spreads, customer support and other criteria. Start by browsing our top list of recommended and trust worthy brokers below and continue by reading the individual reviews of each broker on the respective review pages (that are linked from the top list). All forex brokers below accept UK traders and also traders from a number of different countries.

BrokerProsFeatures 
Markets.com Image64% of retail investor accounts lose.
Founded: 2008
Reg: FCA, AS...
HQ: Cyprus...
4.9/5
98/100

- Beginner Friendly
- Well established
- Leverage up to 1:300

Min. Deposit: $100
Pairs Offered: 2,000+ assets, including forex, indices, commodities, shares and cryptos
Leverage: Up to 1:300
Withdrawal Process Time: 2-8 days
Trust Score: 98/100
Sign Up 64% of r...
AvaTrade ImageYour capital is at risk
Founded: 2006
Reg: ASIC, F...
HQ: Ireland...
4.8/5
96/100

- 40% New Member Bonus.
- Free Online Trading Coach.
- Official Sponsor of Manchester City.
- 24/7 Cryptocurrency Trading.
- A lot of educational material.

Min. Deposit: $100
Pairs Offered: 45+
Leverage: EU - Up to 30:1, Professional Client/ROW up to 400:1
Withdrawal Process Time: 1-10 business days.
Trust Score: 96/100
TradeFred ImageYour capital is at risk
Founded: 2016
Reg: CySEC...
HQ: UK...
4.7/5
94/100

- CySEC & ASIC regulated.
- 24/5 Customer support.
- No hidden fees.

Min. Deposit: $250
Pairs Offered: All major and exotic currency pairs
Leverage: Up to 1:400
Withdrawal Process Time: Up to 48 hours
Trust Score: 94/100
OctaFX ImageYour capital is at risk
Founded: 2011
Reg: CySEC...
HQ: Cyprus...
4.7/5
94/100

- 50% bonus with every deposit!
- Some of the lowest spreads in the industry
- No commissions or swaps
- Ultra-fast trades execution
- Instant deposits and fast withdrawals

Min. Deposit: $5
Pairs Offered: 48
Leverage: Up to 1:500
Withdrawal Process Time: Within 24 hours
Trust Score: 94/100
HYCM ImageYour capital is at risk
Founded: 1977
Reg: FCA, Cy...
HQ: United ...
4.7/5
94/100

- 40 Years of Experience
- 24/5 Customer Support
- Bonus available(non-EU)

Min. Deposit: $100
Pairs Offered: 300+
Leverage: Up to 1:30 for EU client and 1:200 for the rest of the world
Withdrawal Process Time: Within 24 hours, bank wire up to 5 days
Trust Score: 94/100
FXTM ImageYour capital is at risk
Founded: 2011
Reg: FCA, Cy...
HQ: Cyprus...
4.7/5
94/100

- Well Regulated.
- PAMM accounts.
- Tight spreads.

Min. Deposit: $5
Leverage: Up to 1:30 for EU (unless pro) / Up to 1:1000 for non EU
Withdrawal Process Time: Same business day
Trust Score: 94/100
Capex ImageYour capital is at risk
Founded: 2016
Reg: CySEC...
HQ: Cyprus...
4.7/5
94/100

- Tight Spreads and Zero Commission.
- Free access to webinars.
- More than 2000 instruments.

Min. Deposit: $100
Leverage: 1:50, 1:100, 1:200 and 1:300
Withdrawal Process Time: 2 Days
Trust Score: 94/100
easyMarkets ImageYour capital is at risk
Founded: 2001
Reg: ASIC, C...
HQ: Cyprus...
4.7/5
93/100

- 300 plus trading instruments.
- Deal cancellation feature.
- Fixed spreads.

Min. Deposit: $100
Pairs Offered: 200+
Leverage: Up to 1:30
Withdrawal Process Time: 1 day
Trust Score: 93/100
City Index ImageYour capital is at risk
Founded: 1983
Reg: FCA, NF...
HQ: United ...
4.7/5
93/100

- FCA Regulated
- Well Established
- Good Support

Min. Deposit: £100
Pairs Offered: 84
Leverage: 1:200

Trust Score: 93/100
Forex.com ImageYour capital is at risk
Founded: 1999
Reg: CFTC, C...
HQ: United ...
4.7/5
93/100

- Trusted Global Market Leader
- Online FX & CFD Trading
- 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin

Min. Deposit: $250
Pairs Offered: 84+
Leverage: 1:200

Trust Score: 93/100
eToro Image76% of CFD traders lose
Founded: 2006
Reg: FCA, Cy...
HQ: Cyprus...
4.7/5
93/100

- Social & copy trading.
- Beginner Friendly.

Min. Deposit: $200. $50 in AUS
Pairs Offered: 1100+
Leverage: From 1:2 to 1:30
Withdrawal Process Time: 1-8 business days
Trust Score: 93/100
Sign Up 76% of r...
NordFX ImageYour capital is at risk
Founded: 2008
Reg: VFSC, C...
HQ: Cyprus...
4.7/5
93/100

- Lowest spread from 0.1.
- Crypto currencies.
- Investment funds with most profitable and stable global stocks.
- RAMM/PAMM.

Min. Deposit: $10
Leverage: 1:1000
Withdrawal Process Time: From instant up to 1 working day on online payment systems and up to 5 working days for bank transfers and bank cards
Trust Score: 93/100
EverFX ImageYour capital is at risk
Founded: 2016
Reg: CIMA, C...
HQ: Cyprus...
4.7/5
93/100

- Official Global Partner for Sevilla FC
- Free Educational Services
- Award Winning Broker

Min. Deposit: $250
Pairs Offered: All
Leverage: 1:500
Withdrawal Process Time: 12h
Trust Score: 93/100
ThinkMarkets ImageYour capital is at risk
Founded: 2010
Reg: FCA, AS...
HQ: Austral...
4.6/5
92/100

- The own trading platform Trade Interceptor.
- Low spreads.
- GBP 1 mln insurance for client’s assets under ThinkMarkets UK entity.

Min. Deposit: $250
Pairs Offered: 39
Leverage: Up to 1:500
Withdrawal Process Time: Standard Bank Times
Trust Score: 92/100
Plus500 Image80.6% of retail CFD accounts lose money.
Founded: 2008
Reg: Plus500...
HQ: Israel...
4.6/5
91/100

- Negative balance (you cannot lose more than you deposited).
- 24/7 online support.
- 2000+ instruments.
- 30+ languages.
- All devices.
- 0 commissions.
- Tight spreads.

Min. Deposit: $100
Pairs Offered: 50+
Leverage: Up to 1:300

Trust Score: 91/100
Sign Up 80.6% of retail CFD accounts lose money.
Vantage FX ImageYour capital is at risk
Founded: 2009
Reg: ASIC, C...
HQ: Sydney ...
4.5/5
90/100

- 180+ Tradable Instruments
- Up to 500:1 Leverage
- $200 minimum deposits
- 15 Trading Platforms
- 50 US Share CFDs and 50 Hong Kong Share CFDs available to trade from MT4/MT5

Min. Deposit: $200
Pairs Offered: 180+
Leverage: Up to 500:1
Withdrawal Process Time: Within 1-2 Business Days
Trust Score: 90/100
BDSwiss ImageYour capital is at risk
Founded: 2012
Reg: NFA, Cy...
HQ: Cyprus...
4.6/5
91/100

- Raw Spreads from 0.0 pips
- Live Webinars by Professional Traders and Market Analysts
- VIP Trading Alerts by Professional Traders
- Multi-Licenced, Multi-Awarded Broker
- +250 CFDs / World-Leading Platforms

Min. Deposit: $0
Pairs Offered: 300+
Leverage: Up to 1:30 (CySEC), Up to 1:400 (FSC)
Withdrawal Process Time: Within 24h / instant credit card withdrawals
Trust Score: 91/100
Trade.com Image71.36% of retail CFD accounts lose money
Founded: 2009
Reg: CySEC...
HQ: Cyprus...
4.6/5
91/100

- Fully regulated
- Fast withdraw time
- Customer support
- Free one on one trading
- Free edu center.

Min. Deposit: $100
Pairs Offered: 55+
Leverage: Up to 1:300 for Pro Accounts
Withdrawal Process Time: 24 hours
Trust Score: 91/100
AxiTrader ImageYour capital is at risk
Founded: 2007
Reg: ASIC, F...
HQ: Austral...
4.6/5
92/100

- ASIC, FCA, DFSA, FMA Regulated.
- Trade with more than 80 currency pairs.

Min. Deposit: $0
Pairs Offered: 80+
Leverage: 1:400
Withdrawal Process Time: Varies
Trust Score: 92/100
Pepperstone ImageYour capital is at risk
Founded: 2010
Reg: ASIC, F...
HQ: Austral...
4.5/5
90/100

- Well regulated by FCA and ASIC
- Well established and large broker
- Offers Education

Min. Deposit: $200
Pairs Offered: 170
Leverage: 1:500

Trust Score: 90/100
FP Markets ImageYour capital is at risk
Founded: 2005
Reg: ASIC...
HQ: Austral...
4.6/5
91/100

- ASIC Regulated.
- High Leverage Levels.
- Super low spreads.

Min. Deposit: $100
Pairs Offered: 50+
Leverage: Up to 1:500

Trust Score: 91/100
Libertex ImageYour capital is at risk
Founded: 2015
Reg: CySEC...
HQ: Cyprus...
4.6/5
91/100

- CySEC regulated
- Well Established
- Own Platform

Min. Deposit: $100
Pairs Offered: Popular currency pairs and Bitcoin CFD
Leverage: From 1:20 to 1:600
Withdrawal Process Time: Up to 5 days
Trust Score: 91/100
Finq ImageYour capital is at risk
Founded: 2017
Reg: FSA...
HQ: Cyprus...
4.6/5
91/100

- Up to $4000 deposit bonus!
- Quick withdrawals
- High Bonus offer
- High leverage

Min. Deposit: $100
Leverage: 1:200
Withdrawal Process Time: 24 hours
Trust Score: 91/100
24option ImageYour capital is at risk
Founded: 2010
Reg: CySEC...
HQ: Cyprus...
4.5/5
90/100

- Wide selection of asset classes
- Trading incentives
- Effective platform

Min. Deposit: $200
Pairs Offered: 43
Leverage: 1:400

Trust Score: 90/100

Top 10 Tips for Picking an FX Broker in UK

Here we look at ten different factors that we believe are of significant importance when you consider choosing a Forex Broker, whether you are a beginner or advanced trader. The significance of each will differ depending on your needs, which in turn will depend on your trading style, your knowledge level and your type of trading.

1. Regulation and how safe is my money?

You wouldn’t put a large amount of your savings in a bank account if you did not know that the bank was secure and regulated would you? So similarly why would you deposit with an FX Broker unless you were confident your funds and profits are safe?
In the UK, this would mean looking for a broker that is regulated by the financial conduct authority (FCA). In the USA, the equivalent would be a broker regulated by the National Futures Association (NFA) and/or the Commodity Futures Trading Commission (CFTC).
Opening an account with a broker regulated by any of the of the above should allow for protection if you as a depositor/ trader have an issue or grievance with the broker. Check in the top list above to see which forex brokers are regulated in UK by the FCA.

2. Spreads and/ or Commission

Brokers do not provide their services for nothing, so charge either commission per trade or more likely by the spread between the bid and offer prices. The wider the spread, effectively the more the trader has to pay to get into and out of each trade. So the narrower the spread, effectively the better off for the trader. Sometimes brokers offer fixed spreads, but often the spread will be variable depending on the volatility of the market.

3. Withdrawals and deposits

Most FX Brokers today offer very low requirements to open an account (from as little as £50). Brokers have differing policies with regard to depositing, funding and withdrawals. Are you able to fund the account from a bank account via wire transfer, via credit card, via PayPal? When withdrawing is this done via wire transfer, back to your bank account or credit card? Are there any withdrawal fees? Initial deposit requirements.

4. Rollover interest (credit/ debit)

Some brokers charge a debit (or give a credit) for daily interest. This would be a consideration for any traders thinking of holding open positions over night.

5. Margin and Leverage

Many FX Trading accounts are based on the concept of margin and leverage. Leverage is basically the ability to increase the possible return on an investment or trade. A margin account allows the trader to use leverage by trading larger amounts than deposited in their account. This is because only the potential short term losses on the accounts need to be covered, not the full amount of the underlying asset. How much leverage any forex broker offers and the margin requirements may be a consideration when opening an account with a particular forex broker.

6. Types of forex accounts

There are different types of FX trading accounts which include more traditional cash exchange accounts, spread betting type accounts or CFDs (Contracts for Difference). Here you can find a list of CFD brokers in UK. The choice of which account to open will depend on your very specific needs and potentially even depend on your tax liabilities.

7. What markets can you trade?

All FX brokers in UK offer trading in the major currency pairs, including EURUSD, USDJPY, GBPUSD etc. Most also offer currency cross rates, ability to trade a large selection of currency pairs against each other.
In addition, many brokers offer the opportunity to trade other financial markets and assets. These would include equity indices, government bond markets and commodities (such as oil, gold, copper).

8. Trading platforms supported by the broker

Practically all brokers offer a trading platform, whereby the trader can access the various markets available to trade. Some brokers provide their own developed trading platforms, whilst others suggest downloading free platforms offered by third-party providers. There are many different factors to consider when looking at differing trading platforms including; ease of use, accessibility, trading tools on offer, charting packages, mobile/ tablet access etc.

9. Customer support

Many markets are now open 24 hours a day, five days during the week. So a strong customer support service would be open at all times during this time. Also, the speed of access to a live individual rather than an automated service should certainly be considered. Inevitably, when calling customer service it is usually with an issue, which as a trader you will likely want resolved as soon as possible.

10. Demo account available?

Most, but not all, Forex Brokers offer demo trading accounts to practice on. A demo account allows you to test the trading platform and evaluate some of the above-mentioned factors. All forex brokers for UK in the top list we provide above will offer demo accounts to new traders.