10 Best Forex Brokers in the UK for 2024
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Glancing at the world's foreign exchange market – being the most populated and engaged platform, you quickly realized the need for the best forex brokers in the UK – better still for starters, the best forex trading platform in the UK.
As part of our objective to ensure you get valid information about sure and reliable sources to make your trade, we also present you with ways to go about making a decision on which to go for. This guide will focus on top forex brokers in the UK both beginners and expert traders.
Are you in a hurry and cannot go through the entire guide, here's a list of our top 10 best forex brokers in the UK.
10 Best Forex Brokers in the UK
To find the best forex brokers in the UK, we've created this list for you to help you choose the best UK Forex trading platform:
Pepperstone: A Rising Star Among the Best Forex Brokers in the UK
Saxo Markets: Top-Tier Research and Global Trust Among UK's Best Forex Brokers
Forex.com: A Premier Choice for Best Forex Trading Experience in the UK
eToro: Leading the Best Forex Brokers in the UK with Innovative Copy Trading
City Index: An All-Round Performer in the UK's Best Forex Broker Arena
IG: The Most Trusted and Best Overall Forex Broker in the UK for 2022
Interactive Brokers: A Go-To for Professionals Among the UK's Best Forex Brokers
Capital.com: Innovating the UK Forex Market as a Top Broker
Plus500: A User-Friendly Platform in the UK's Best Forex Broker Lineup
Degiro: Expanding Choices for Traders Seeking the Best Forex Brokers in the UK
Pepperstone
Ever since Pepperstone came under the spotlight in 2010, the group (based in Australia) has gained respect and seats chiefly amongst leading brokers in the foreign exchange market.
Over the years, as one of the best forex brokers in the UK, Pepperstone has created a huge sense of competition as well as services that focus outside the borders of the forex market. Services like; cryptocurrency trading, shares, commodities, and the likes of it.
Pepperstone is regulated by FCA in the United kingdom and offers simple and straight-to-the-point access to the forex market which saves you the time of trying to deal with the complex tasks of trading.
Final Verdict
If you want multiple trading offers on a budget with superb trading experience, Pepperstone is the way to go.
Saxo Markets
Saxo Markets, otherwise called Saxo Capital Markets, was founded in the heart of Denmark, 29 years ago. This forex trading platform claims to be the Messiah of the fintech industry with a specialty in investment, diverse asset trading, and other related services.
Ever since the year 2006, Saxo Capital Markets has been in operation as a subsidiary of Saxo bank in the UK. This is one of the best forex trading platforms in the UK for expert traders as it renders wide brokerage services with complex trading options. This however could be detrimental to beginners who are just getting a hold of the industry.
Final Verdict
Saxo Markets is best for experts who already have a solid foundation in the foreign exchange market.
Forex.com
Forex.com is a subsidiary of GAIN Capital company which was founded 20 years ago. As one of the pioneers of foreign exchange, this forex trading platform can boast of being an authority in the market and industry at large.
Forex.com is considered one of the best forex brokers in the UK, providing traders with high-quality experience in their forex trading adventure as well as for CFD trading from all parts of the world, but predominantly in the UK.
One of the unique benefits of trading via this platform is the quality of features you get to have at a low price. Features that allow you to go far into the heart of market research and also real-time trading.
Final Verdict
Forex.com is the best forex broker in the UK if you're out on the look for quick support team response and advanced trading features at a low price.
eToro
eToro is one of the rare UK forex brokers that could conveniently beat the market competition, hands down with its unique copy trading. If your dream is to become a pro trader, with a track record of success, eToro is that platform to make your dreams become a reality.
The copy trading feature on this platform allows you to "copy" the trading activity of experts that are resident in the UK as well as around the world. The copied traders will later get an incentive from your profitable trade.
Final Verdict
eToro gives their client the privilege to trade more than 45 currency pairs, complemented with stellar trading cost. This is the best forex trading platform in the UK for wannabe pros.
67% 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.
City Index
Established in the year 1983, City Index procures access for novice and professional traders into the foreign exchange market. This access allows traders to easily make use of the MetaTrader 4 strategy and its features.
Traders on City Index will be able to trade up to 84 forex pairs and also have access to a well-structured and customizable platform. Because of the powerful research tool provided by this UK forex broker, traders constantly appreciate its availability.
Final Verdict
For a platform that empowers your trading skill with jaw-dropping features like fee report clearance and order-type selection, City Index is the best UK Forex trading platform for you.
IG
IG is the best-trusted forex broker in the UK, with an exhaustive list of trading assets. It is an ideal platform with integrated educational material, research tools, and highly competitive rates.
IG is suitable for traders who are seeking to experience what advanced trading feels like. Talking of research and premium trading offers, IG stands out as one of the best UK forex brokers with real-time news streaming and technical chart analysis.
Final Verdict
IG is the best forex broker in the UK for traders who want a more tactical approach to the foreign exchange market.
Interactive Brokers
Situated in London, the leading FX broker – Interactive Brokers are not ashamed to flaunt their spectrum of license gotten from regulatory bodies. This is the best forex trading platform in the UK that offers a deep research platform that covers technical, global research, and risk analysis.
Trading on this platform offers you voice-activated features and it on your smart device. Although phone support is not as fast as other forex trading platforms on our list, yet this promising app will deliver at its peak.
Final Verdict
Interactive Brokers is a platform that is most suitable for advanced traders, providing up to 105 FX pairs.
Capital.com
Think of a UK forex broker with unlimited trading benefits and you'll have Capital.com. This broker is an industry-leading ground for traders around the world – especially in the United kingdom to enjoy the luxury of the new-age forex market.
The fascinating thing about Capital.com is its adoption of artificial intelligence in enhancing analytics by studying market behaviors. This platform also specializes in indices, shares, commodities with minimal deposit and no commissions.
Final Verdict
This foreign exchange platform is best for no commission/tax traders
76.72% 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.
Plus500
Plus500 is arguably the best forex broker in the UK as well as the best CFD broker, offering no-brainer accessibility to interesting features and services.
Trading on Plus500 gives you the chance to access more than 60 CFD currency pairs that are very competitive with no attached commission.
Although Plus500 does not feature cTrader and MetaTrader, it still boasts of the best user-friendly interface in the industry. This comes with a handful of risk management schemes, made readily available on mobile and web.
Final Verdict
Amateur forex traders can easily aim for a professional experience with as little as a £100 deposit, making it ideal for beginners.
76.4% 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 mone
Degiro
Last but not least, we have Degiro, a forex trading-cum-investment company, and world-recognized brokerage. Degiro renders tailored trading services accompanied by tools and features to make profitable trade achievable.
As a voice in the industry, Degiro offers trade solutions by allowing traders – both beginner and expert – to leverage the versatility of its platform in accessing top-quality services that are uncommon to top-tier UK forex brokers.
Final Verdict
Degiro is the hallmark of Gen Z forex trading. This platform is the best Forex trading platform for merchants who want a humble start with amazing features.
FAQ
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There are dozens of competent UK forex brokers but Pepperstone stands out as the best for this season.
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Without a doubt, eToro is the overall best broker for forex in the industry, owing to its versatility and unique copy trading feature.
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Forex trading is legal in the United kingdom as regulatory bodies are the major reason why forex brokers in the UK can be confidently listed online.
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Plus500 is most ideal for starters in the foreign exchange market.