Best Forex Brokers in UK 2022

There are a significant number 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.

UK Regulation

Financial Conduct Authority FCA

The regulatory body in UK is the Financial Conduct Authority (FCA). Their operational objectives are to promote competition, protect consumers and protect financial markets. Brokers accepting UK traders should either be regulated by the FCA or be under some other regulation accepted in the UK. Here you can read more about different European financial regulators and their function.
FCA website:

FCA twitter: @TheFCA

The 6 best forex brokers in UK in 2022

Choose a Forex Broker

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.

  1. eToro Forex Broker (FCA regulated)
  2. AvaTrade Forex Broker
  3. BlackBull Markets Forex Broker
  4. Plus500 CFD Provider (FCA regulated)
  5. XTB Forex Broker (FCA regulated)
  6. ETX Capital Forex Broker (FCA regulated)

Here we review various forex brokers based on regulation, usability, platforms, minimum deposit, spreads, customer support and other criteria. All forex brokers below accept UK traders and also traders from a number of different countries.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. is an affiliated partner with various forex brokers and may be compensated for referred forex traders.

Broker Pros Features  
Founded: 2007 Reg: FCA, Cy...
HQ: UK, Cyp...

- Fast withdrawal
- 0% commission on US stocks
- Real Cryptos, Stocks
- 2000+ assets
- Copytrading
- Social Trading
- PayPal deposits possible
- One Stop Shop

Min. Deposit: $50
Pairs Offered: 47
Leverage: 1:30
Withdrawal Process Time: Max 2 working days
Trust Score: 99/100
Sign Up

68% of retail investor accounts lose money when trading CFDs with this provider.

Founded: 2006 Reg: Central...
HQ: Ireland...

- Global regulated broker across 5 continents within 6 jurisdictions
- Superior trading conditions for short selling/scalping
- Ultra low spreads with fast and reliable order execution
- Wide range of educational materials
- Innovative trading mobile apps  (AvaTradeGo, AvaOptions, AvaSocial)

Min. Deposit: $100
Pairs Offered: Over 1,000 (all instruments)
Leverage: EU - Up to 30:1, Professional Client/ROW up to 400:1
Withdrawal Process Time: 1-2 business days.
Trust Score: 97/100
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71% of retail investor accounts lose money when trading CFDs with this provider.

Founded: 2008 Reg: FCA, AS...
HQ: Cyprus ...

- Beginner Friendly
- Well established
- Well regulated
- Negative Balance Protection
- Over 2,200 instruments to trade

Min. Deposit: $100
Pairs Offered: 2,000+ assets, including forex, indices, commodities, shares and cryptos
Leverage: UK/AU/EU - Up to 1:30, ROW up to 1:300
Withdrawal Process Time: 24 hours
Trust Score: 94/100
Sign Up

68% of retail investor accounts lose money when trading CFDs with this provider.

Founded: 2014 Reg: FMA, FS...
HQ: New Zea...

- Up to 1:500 leverage
- Multi award-winning New Zealand broker
- Institutional-grade spreads from 0.0 pips

Min. Deposit: $200
Pairs Offered: 300+
Leverage: Up to 1:500
Withdrawal Process Time: Within 24hrs
Trust Score: 90/100
Founded: 2002 Reg: FCA, Cy...
HQ: London...

- 24/5 Customer Support
- Negative Balance Protection
- More than 1500 instruments
- Cryptocurrency trading is available

Min. Deposit: $0
Pairs Offered: 49
Leverage: Up to 1:500
Withdrawal Process Time: 24-48 hours
Trust Score: 92/100
Sign Up

77% of retail investor accounts lose money when trading CFDs with this provider.

Founded: 1965 Reg: FCA, Cy...
HQ: UK...

- FCA regulated
- Trade 5,000 markets
- Excellent Spread Betting
- Super customer support

Min. Deposit: $100
Leverage: Variable
Withdrawal Process Time: 1-5 days
Trust Score: 95/100
Sign Up

73.85% of retail investor accounts lose money when trading CFDs with this provider.

Founded: 2009 Reg: CySEC, ...
HQ: Cyprus...

- Free demo account
- Fast deposit option
- Own mobile trading platform
- Application for accounts management

Min. Deposit: 1 USD, 1 EUR
Leverage: up to 1:500
Withdrawal Process Time: Depending on method. Start from instant
Trust Score: 85/100
Sign Up

74% of retail investor accounts lose money

Founded: 2008 Reg: Plus500...
HQ: Israel...

- Advanced risk management tools
- 24/7 online support.
- 2000+ instruments.
- 30+ languages.
- All devices.
- 0 commissions.
- Tight spreads.

Min. Deposit: $100
Pairs Offered: 70+
Leverage: 1:30
Withdrawal Process Time: 1-3 Business Days
Trust Score: 95/100
Sign Up

74% of retail investor accounts lose money when trading CFDs with this provider.

    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 they 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? Any 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). 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 and 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.

    In the top list above you will find links to our reviews of the best forex brokers for UK traders. In these reviews we’ve covered most of these ten tips to make your choice of broker as easy as possible.

    Forex Brokers that didn’t make the list

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