Top 10 Online Brokers for Forex Trading UK

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    • Min Deposit i
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    • Rating
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    • 1
      Markets.com
      Our Score: 9.8
      • First Deposit Bonus: 

        Up to £4,000

      • Min Deposit: £100

        • £25 No Deposit Required
        • No Commission
        • Max Leverage: 200:1
        • Tight Spreads
    • 2
      UFX
      Our Score: 9.5
      • First Deposit Bonus: 

        100% Cash Back 
        Up to £5000

      • Min Deposit: £100

        • No Commission
        • Max Leverage 1:400
        • MassInsights™ Technology
        • Unrivaled Customer Support
    • 3
      IG Group
      Our Score: 9.0
      • First Deposit Bonus: 

        None

      • Min Deposit: £100

        • World’s largest CFD provider
        • Competitive Spreads & Low Margins
        • Advanced Risk Management Tools
        • 59 Forex Pairs with Leverage
    • 4
      Xtrade
      Our Score: 8.7
      • First Deposit Bonus: 

        Up to £6000

      • Min Deposit: £100

        • Free £20 Bonus* No deposit required
        • No Commission
        • #1 Mobile Trading App
        • Free Demo Account
    • 5
      Trade.com
      Our Score: 8.5
      • First Deposit Bonus: 

        Up to £4,000

      • Min Deposit: £100

        • No Commission
        • Free Demo Account £10,000
        • Advanced Analysis Tools and Charts
        • Low Spreads
    • 6
      AvaTrade
      Our Score: 8.3
      • First Deposit Bonus: 

        Up to £7,500

      • Min Deposit: £100

        • No Exchange Fees
        • Competitive Spreads – Starting at 0.8 pips
        • Max Leverage: 400:1
        • 60+ Currency Pairs
    • 7
      Plus500
      Our Score: 8.1
      • First Deposit Bonus: 

        Up to 30%
        T&Cs apply

      • Min Deposit: £100

        • No Commission
        • £20 Welcome Bonus* T&Cs Apply
        • 59 Forex Pairs with Leverage
        • Profit/Loss Limits
    • 8
      EasyMarkets
      Our Score: 7.8
      • First Deposit Bonus: 

        Up to 50% 

      • Min Deposit: £100

        • Free Guaranteed Stop Loss
        • 60-Minute Deal Cancellation
        • Tight & Fixed Spreads
        • No Slippage - Ever
    • 9
      London Capital Group
      Our Score: 7.1
      • First Deposit Bonus: 

        10% up to £5,000

      • Min Deposit: None

        • Max Leverage: 300:1
        • Tight Spreads
        • Demo Account: 30 days
    • 10
      eToro
      Our Score: 6.9
      • First Deposit Bonus: 

        Up to £1,000

      • Min Deposit: £50

        • Up to 15% First Deposit Bonus
        • 25% RevShare Commission
        • Max Leverage: 1:400
        • 16 Currency Pairs
        • Varying Spreads
    • Advertiser Disclosure i
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    • Markets.com
      1
    • Up to £4,000

      Get Deal
      • £25 No Deposit Required
      • No Commission
      • Max Leverage: 200:1
      • Tight Spreads
    • 9.8
      Read a Review
    • Visit Site
    • UFX
      2
    • 100% Cash Back 
      Up to £5000

      Get Deal
      • No Commission
      • Max Leverage 1:400
      • MassInsights™ Technology
      • Unrivaled Customer Support
    • 9.5
      Read a Review
    • Visit Site
    • IG Group
      3
    • None

      • World’s largest CFD provider
      • Competitive Spreads & Low Margins
      • Advanced Risk Management Tools
      • 59 Forex Pairs with Leverage
    • 9.0
      Read a Review
    • Visit Site
    • Xtrade
      4
    • Up to £6000

      Get Deal
      • Free £20 Bonus* No deposit required
      • No Commission
      • #1 Mobile Trading App
      • Free Demo Account
    • 8.7
      Read a Review
    • Visit Site
    • Trade.com
      5
    • Up to £4,000

      Get Deal
      • No Commission
      • Free Demo Account £10,000
      • Advanced Analysis Tools and Charts
      • Low Spreads
    • 8.5
      Read a Review
    • Visit Site
    • AvaTrade
      6
    • Up to £7,500

      Get Deal
      • No Exchange Fees
      • Competitive Spreads – Starting at 0.8 pips
      • Max Leverage: 400:1
      • 60+ Currency Pairs
    • 8.3
      Read a Review
    • Visit Site
    • Plus500
      7
    • Up to 30%
      T&Cs apply

      Get Deal
      • No Commission
      • £20 Welcome Bonus* T&Cs Apply
      • 59 Forex Pairs with Leverage
      • Profit/Loss Limits
    • 8.1
      Read a Review
    • Visit Site
    • EasyMarkets
      8
    • Up to 50% 

      Get Deal
      • Free Guaranteed Stop Loss
      • 60-Minute Deal Cancellation
      • Tight & Fixed Spreads
      • No Slippage - Ever
    • 7.8
      Read a Review
    • Visit Site
    • London Capital Group
      9
    • 10% up to £5,000

      Get Deal
      • Max Leverage: 300:1
      • Tight Spreads
      • Demo Account: 30 days
    • 7.1
      Read a Review
    • Visit Site
    • eToro
      10
    • Up to £1,000

      Get Deal
      • Up to 15% First Deposit Bonus
      • 25% RevShare Commission
      • Max Leverage: 1:400
      • 16 Currency Pairs
      • Varying Spreads
    • 6.9
      Read a Review
    • Visit Site

* 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.

Advertiser Disclosure: TopBrokers.Trade is an independent specialized comparison site funded from the referral fees from the sites that it promotes. TopBrokers.Trade receives compensation from the brokers sites and advertisements it features. Thanks to this compensation, we can provide you a free comparison tool. TopBrokers.Trade is not able to display and feature information about all the available broker sites or broker site offers.


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?