8 Top U.K. Forex Brokers

London accounts for more foreign currency or forex trading volume than anywhere else in the world, so it's no surprise that you are looking for a UK broker to open a forex trading account. This guide lists the best forex trading platforms in the UK for beginners, intermediate and even advanced traders.

Before choosing a UK forex broker, you must first ensure that they are properly regulated in the UK. The UK financial market regulator is the Financial Conduct Authority or FCA, which requires forex brokers to be duly licensed and regulated by it to conduct forex brokerage transactions domestically and even for overseas clients. It is therefore important to check the registration number of your broker on the register of the FCA website. One of the benefits of doing business with a UK regulated broker is that in the exceptional event that your broker goes bankrupt, you as a retail client are entitled to compensation of up to £85,000 through the Financial Services Compensation Scheme or FSCS.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

list of top 8 UK Forex brokers. IG - 5 Stars - Best Global Broker 2022, Most Trusted

Saxo Bank - 5 Stars - Best for Search, Trusted Global Brand

CMC Markets - 5 Stars - Best Web Platform, Most Currency Pairs

Interactive Brokers - 4.5 stars - Best for professionals, institutions

City Index - 4.5 stars - Excellent overall offer

XTB - 4.5 stars - Best customer service, excellent trading platform

FOREX.com - 4.5 Stars - Excellent Comprehensive Offering

eToro – 3 stars – Best overall copy trading platform