Top 10 Online Brokers for Forex Trading UK

    • Advertiser Disclosure i
    • Min Deposit i
    • Free No Deposit Promotion i
    • Features We Like i
    • Rating
    • Risk Warning i
    • 1
    • None

    • None

      • Market Leading Low Spreads
      • Award Winning Service & Trust
      • Allows EA Integration & Automated Trading
      • Dedicated Account Manager
      • 24-Hour Support
    • 9.9
      Read Review
    • Visit Site
    • 2
    • Free $25
      No Deposit Required  T&Cs Apply

      Get Deal
    • $100

      • No Fees or Commission
      • Tight Spreads
      • Sophisticated Trading Tools
      • Unlimited FREE Demo Account
    • 9.4
      Read Review
    • Visit Site
      Get Promotion
    • 3
    • None

      Get Deal
    • $200

      • Up to 15% First Deposit Bonus
      • 25% RevShare Commission
      • Personal Service and VIP Perks
      • Leading Social Trading Platform
    • 9.0
      Read Review
    • Visit Site
    • 5
    • None

    • $50

      • Monthly Cash Prizes
      • Commission Free Micro CFDs
      • Award Winning Customer Service
    • 8.5
      Read Review
    • Visit Site
    • 6
    • $25 Welcome Bonus
      T&Cs apply

      Get Deal
    • $100

      • Up to 30% First Deposit Bonus T&Cs Apply
      • No Charges on Exchange
      • No Commission
    • 8.3
      Read Review
    • Visit Site
      Get Promotion
    • 7
    • None

    • $100

      • Up to $7,500 Welcome Bonus
      • No Commission/No Exchange Fees
      • Tax Free Spread-Betting
    • 7.9
      Read Review
    • Visit Site
    • 8
    • None

      Get Deal
    • $100

      • Tight Spreads & Competitive Margins
      • Over 5,000 Markets to Trade on
      • Low Fees and Commissions
    • 7.6
      Read Review
    • Visit Site
    • Advertiser Disclosure i
    • Min Deposit i
      i
    • Free No Deposit Promotion i
      i
    • Features We Like i
      i
    • Rating
    • Risk Warning i
    • 1
      9.9
      Our Score Read Review
      • Promotions: 

        None

        • Tight Spreads & Competitive Margins
        • Over 5,000 Markets to Trade on
        • Low Fees and Commissions
        • Free Technical Tools & Advanced Charts
        • Multi-Award Winning Options Broker
        • Market Leading Low Spreads
        • Award Winning Service & Trust
        • Allows EA Integration & Automated Trading
    • 2
      9.4
      Our Score Read Review
      • Promotions: 

        Free $25
        No Deposit Required  T&Cs Apply

        • Market Leading Low Spreads
        • Award Winning Service & Trust
        • Allows EA Integration & Automated Trading
        • Dedicated Account Manager
        • 24-Hour Support
        • No Fees or Commission
        • Tight Spreads
        • Sophisticated Trading Tools
    • 3
      9.0
      Our Score Read Review
      • Promotions: 

        None

        • No Fees or Commission
        • Tight Spreads
        • Sophisticated Trading Tools
        • Unlimited FREE Demo Account
        • Refer-a-Friend Bonus
        • Up to 15% First Deposit Bonus
        • 25% RevShare Commission
        • Personal Service and VIP Perks
    • 4
      8.6
      Our Score Read Review
      • Promotions: 

        Free $25
        No Deposit Required  T&Cs Apply

        • Up to 15% First Deposit Bonus
        • 25% RevShare Commission
        • Personal Service and VIP Perks
        • Leading Social Trading Platform
        • Automated Trading
        • 10% Welcome Bonus
        • No Commission
        • Low Spreads
    • 5
      8.5
      Our Score Read Review
      • Promotions: 

        None

        • 10% Welcome Bonus
        • No Commission
        • Low Spreads
        • Free Demo Account $10,000
        • Advanced Analysis Tools and Charts
        • Monthly Cash Prizes
        • Commission Free Micro CFDs
        • Award Winning Customer Service
    • 6
      8.3
      Our Score Read Review
      • Promotions: 

        $25 Welcome Bonus
        T&Cs apply

        • Monthly Cash Prizes
        • Commission Free Micro CFDs
        • Award Winning Customer Service
        • Tight Spreads
        • Fair and Transparent Execution
        • Up to 30% First Deposit Bonus T&Cs Apply
        • No Charges on Exchange
        • No Commission
    • 7
      7.9
      Our Score Read Review
      • Promotions: 

        None

        • Up to 30% First Deposit Bonus T&Cs Apply
        • No Charges on Exchange
        • No Commission
        • Unlimited FREE Demo Account
        • Profit/Loss Limits
        • Up to $7,500 Welcome Bonus
        • No Commission/No Exchange Fees
        • Tax Free Spread-Betting
    • 8
      7.6
      Our Score Read Review
      • Promotions: 

        None

        • Up to $7,500 Welcome Bonus
        • No Commission/No Exchange Fees
        • Tax Free Spread-Betting
        • Set Limits and Stops
        • Mirror Trading Available
        • Tight Spreads & Competitive Margins
        • Over 5,000 Markets to Trade on
        • Low Fees and Commissions

* Individual Brokers T&Cs Apply

Risk Warning: Trading Forex (FX), Commodities, Options, and CFDs are a high-risk activity and you may lose more than your initial deposit.
Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk.

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How to Choose the Best Online Broker for Forex Trading

 

Because there’s so much competition in the Forex (FX) market as well as having countless brokers to choose from, it can be difficult to know which online FX Broker will be best for you. Beginners have different needs than more advanced traders, so these are a few key points we suggest keeping in mind when making your decision:

 

Regulation:
Each country has its own regulatory body such as the Financial Conduct Authority (FCA), here in the UK. The regulatory body develops rules, services and programs to protect the integrity of the market, traders, and investors as well as the brokers themselves, and to help members meet regulatory responsibilities. Due to potential safety concerns regarding deposit, accounts should exclusively be opened with firms that are regulated.

 

Customer Service:
Online FX Trading takes place 24 hrs a day, so customer support should be available at all times. Ideally, you will want to speak with a live support person rather than a time-consuming auto-attendant. Perhaps give a quick call to the customer service center so you can get an idea of the type of customer service provided. Check on wait times and find out the representative’s ability to answer questions regarding spreads and leverage, their trade volume, as well as company details.

 

Account Types:
Your ideal FX broker should be able to offer either multiple account options or an element of customizability. Look for an online Forex Broker that offers competitive spreads and easy deposits/withdrawals.
Find out if there are account options specifically for beginners and if so what that account offers to benefit new traders.

 

Currency Pairs:
An online Forex Broker can provide a huge selection of forex pairs. However, it is most important is that they provide the variety of pairs that interest you. While there are many currencies available for trading, there are only a few get the majority of the attention, and as the result, trade with the highest liquidity.

 

Tradeable Assets:
While selecting the best FX Trading Broker for you, it’s possible just to concentrate on Forex trading. However, you should keep in mind there are many types of investment alternatives offered as well, such as Bitcoin, Stocks, CFDs, ETFs, or trading in options or futures.

 

Platform Type:
The trading platform is the investor’s portal to the markets. So with that in mind, look for a platform that is easy to use, straightforward and offers an advanced collection of analytical and technical and tools, to enhance your trading experience.

 

For more information, please see our tutorial: What is Forex?