To trade with DMA you will need to use either the IG trading platform or the L2 dealer. However, be aware that L2 Dealer allows you to trade with Forex and Shares while IG Trading Platform is limited to stocks only. IG Markets allows you to choose from more trading platforms than many other brokers. Each trading platform is designed for different types of traders so IG is really catering for all types of clients. With this platform, you get an exceptionally fast execution speed of 0.

Unique features of this platform include guaranteed stop loss for protection in market volatility and DMA share trading. This platform is also available spread betting UK Platform.

This platform is available for desktop, tablet and mobile trading apps and via web browsers with mobile shortcuts for faster trading. MetaTrader 4 is the best choice for trading with automation. MT4 allows you to use Expert Advisors which allow you to automate your trading. MT4 is good for CFD trading, especially forex, do not use this platform if you wish to trade shares. ProRealTime is a web platform with advanced charting tools. If a technical analysis is important to you, then this platform can give you the edge you need.

L2 Dealer is IG Markets proprietary platform for DMA trading. If you are looking for visibility of the price order books and greater control of the spreads you pay, then DMA trading has the potential to lead to savings. IG broker UK is only of the oldest brokers with 45 years of experience.

They offer a variety of CFD trading and even interest rates and have VIP accounts for high-volume traders. Their FCA company number is Individuals who want to trade with the largest foreign exchange broker and have the choice of forex platform with the ability to switch should consider IG. This means their price feeds are taken from a large pool of tier-1 liquidity providers and brought directly to you with no price interference.

With spreads being 0. Your spread cost is one of the most important factors to consider when choosing a broker given you pay a spread cost each time you open and close your trading position per , lots. As such, these costs can add up very quickly, especially if you are a high-volume trader, scalper or trade with high leverage, and for this reason, you want to pick a low-spread forex broker. This means the servers are close to many tier-one providers within the Equinix Ecosystem for low latency and therefore faster pricing.

Brokers that connect you with liquidity providers with no dealing desk tend to have the lowest spread costs. For this reason, you pay commission costs which allow the broker to avoid widening their spread to recover their costs.

Given the spreads are 0. Eightcap gives you two trading account options: Standard and Raw. Spreads for the Standard account start from 1. Like the best no-dealing brokers, Eightcap uses STP technology to source the best quotes from top-tier liquidity providers with no mark-ups.

These commission costs are consistent with what many brokers charge. As can be seen in the spread table below, Eightcap average spreads for many currency pairs are industry-leading. As a Forex broker, Eightcap offers 40 major, minor and exotic foreign exchange markets to trade for UK traders.

While light on in some markets, Eightcap does have a solid range of over stocks you can trade, including trading symbols. You can also obtain leverage of up to for retail, and up to for professional accounts with Forex derivatives.

A disclaimer: while high leverage does maximise your returns, you take on more exposure to market volatility so it is a high-risk investment. Eightcap is a MetaTrader specialist so they only offer the MetaTrader 4 and MetaTrader 5 trading platforms. This means you can use it for automation, scalping, hedging and integrating with other 3rd part products.

For most traders, this is perfectly fine. MetaTrader 4 is the most popular trading platform in the world for good reason. If you wish to trade forex, you will find it has everything you need to trade successfully. MetaTrader 5 basically has everything MetaTrader 4 has but even more features and advanced trading tools, as indicated below. You will find the MetaTrader 4 marketplace has thousands of free and paid indicators and automation expert advisors so you can optimise your trading experience.

The MetaTrader 5 marketplace is smaller than MetaTrader 4 but it is growing. You should still be able to find the indicators and automation expert advisors you need. Where MetaTrader 5 has the advantage is that it is built for centralised trading meaning it can also offer Share trading. MetaTrader 5 also has bit processing which means more powerful backtesting. To help you get started with MetaTrader, Eightcap include FX Blue Laps which is a suite of 28 widgets, trading expert advisors and charts.

Trading apps include Alarm Manager, Correlation matrix and Trader, Mini and Trade Terminal and Stealth Orders. The indicator package includes charts such as Donchian, Chart-In-Chart and Renko Bar. If you wish to automate your trading, you can integrate Capitalise.

ai with MetaTrader. This tool allows you to create your own algorithms without knowing any code. Eightcap has also recently announced a partnership with CryptoCrusher, a crypto enhancement trading tool and The Amazing Trader, a charting algorithmic platform for FX, indices, cryptos and metals with an in-built risk management tool.

Please note that FCA regulations prohibit UK traders from cryptocurrency CFD trading. Eightcap is an excellent no-dealing desk broker. With competitive spreads and an excellent range of trading platforms and tools, Eightcap is a broker worth considering. The best forex broker in the UK is Pepperstone based on their low fees including spreads from 0.

Pepperstone has local offices in London, United Kingdom and trades in the UK as Pepperstone Limited under Financial Conduct Authority FCA Registration Number Beginner forex traders should consider City Index as the broker offers both spread betting and CFD trading.

The forex broker provides extensive forex training for beginners, a unique forex platform that allows web trading, mobile trading via iOS and Android Apps or a desktop platform that can be downloaded and the option to trade indices, shares and forex. City Index in the United Kingdom trades as GAIN Capital UK Limited with local offices in London with FCA registration number The lowest spreads available are through a Pepperstone Razor forex account.

You can compare the Razor vs standard account to see which one best suits your trading needs. Every forex broker in the UK recommended on this page is listed on the Financial Conduct Authority FCA register. This was called the Financial Services Authority FSA prior to , after which the Banking Reform Act reformed the authority. As part of Europe , the United Kingdom follows the ESMA guidelines on CFD trading. You can view the full list of FCA regulated brokers at the bottom of this page. The authority is independently formed by the government and funded by membership fees.

Forex brokers are required to hold a minimum of £1 million in operating capital in the UK by the FCA. This may increase based on a formula aligned to the number of traders a fx broker has. Other requirements include:.

The FCA has a compensation scheme to guarantee forex broker UK client funds are protected. This is called the Financial Services Compensation Scheme FSCS. The objective of the FSCS is to compensate CFD traders when a broker comes into insolvency issues, offering protection up to £50, When insolvency and liquidation issues occur, the FSCS provides CFDs traders with:.

To submit a claim a CFD trader is required to make an insurance claim through the Financial Services Compensation Scheme website. To avoid a scam broker, it is strongly recommended that UK residents choose an FCA-regulated broker. Traders should note that this year Cryptocurrency CFD trading was banned by the FCA.

This means that any crypto class such as Bitcoin is no longer offered by any regulated broker in the United Kingdom. Cryptocurrencies are also banned for traders that choose spread betting. Based on factors such as currency trading conditions, forex market range, fees and customer service, a list of recommended UK forex brokers regulated by the FCA has been created. This was last revised in November and is regularly updated based on CFD providers that gain or lose an FCA licence.

Many brokers such as OANDA, XTB and their platform xStation were considered in this review and may be featured on our other UK comparison page. They are shown in the table below. Disclaimer: CFD and Spread Betting involve complex instruments.

In volatile markets, the combination of leverage creates a high-risk trading environment. Volatility can lead clients to lose money quickly. Make sure that you understand the risks of CFDs and spread bets and can afford to lose your money when trading.

I noticed that some overseas brokers offer higher leverage than the list provided here. Why is this? The Financial Regulator of the UK, the Financial Conduct Authority FCA restricts maximum leverage to for major currency pairs and for minor currency pairs. Professional traders however can trade with leverage up to Leverage involves high risk, so if spread move in an unfavourable direction, losses can be crippling.

For this reason, leverage is limited for retail traders to protect them as they may not have the funds to cope with such large losses or the skills to trade effectively with leverage. Some overseas regulators have a more relaxed approach to leverage however these brokers are no approved for traders in the UK.

If you are in the UK, you can use a broker regulated by CySEC at this time however if you are in Europe, you should use a broker regulated by a European regulator. Spread betting is an alternative to CFD trading and is only available in the UK and Ireland.

CFD trading and spread betting have some similarities in that they are both leveraged products that allow you to profit off the price movements of the same kind of financial products without owning the actual instruments however this is where the similarity ends. When spread betting, you bet on how much you think a market will increase or decrease. You bet per point or pips how much the market will move from that point and the more it moves you win or lose a proportional amount.

CFD trading is different, with this you buy a contract at the price matched the underlying instrument. You profit or lose when the price moves away from your purchased price.

Spread betting does offer some tax benefits over CFD trading. CFD trading is subject to capital gains taxed but unlike spread betting, you may be able to claim a tax loss if you lose. Of the UK-regulated brokers we discuss, our top stockbroker is eToro. With over two thousand different stocks and share CFDs as well as free expert stock analysis, eToro is a great broker for trading shares. We use cookies to ensure you get the best experience on our website.

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Best Low spread and ZERO spread forex brokers. and much, much more! USD ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA. MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central. Open a Real Account. IFSC, CySec, ASIC. ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB.

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Read more about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.

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For investors based in the UK and researching forex trading platforms, there are a number of forex brokers that are authorized and regulated by the FCA. In order to find the right forex platform for their needs, prospective FX traders will need to look at factors like supported currency pairs, fees and commissions, trading tools, payments, and customer support.

In this guide, we review several forex trading platforms UK investors are accepted at. Below are various forex trading platforms suited to beginners.

We review each forex trading platform in more detail further down on this page. The forex trading scene is home to trillions of pounds worth of activity each and every day. As such, it makes sense that dozens of FCA-regulated trading platforms have since opened up. This allows you to find a provider that meets your financial goals. With more than 27 million investors as of using eToro to buy and sell financial instruments, this forex trading platform has a wide user base. It could be worth considering if you are a complete newbie in the world of forex trading as a platform to get started with.

This includes many major and minor pairs alongside a good selection of exotic currencies. All supported forex pairs on eToro can be traded commission-free, so the only fee applicable is the spread. eToro also allows you to trade forex with high leverage.

This allows you to start trading forex with a small amount of capital. Perhaps the main innovative feature offered by this UK forex trading platform is that of the Copy Trading tool. This allows you to select an experienced and profitable forex trader that uses eToro, and then copy all of their positions like-for-like.

As an industry-leading social trading platform, eToro is also useful for sharing forex trading ideas with other users of the site. In terms of deposit options, this UK forex trading platform supports a range of UK payment methods. This includes debit cards, e-wallets like Paypal and Skrill, and a traditional bank transfer. When it comes to safety and security, eToro is heavily regulated. Not only does it hold a license with the FCA, but eToro is also authorized and regulated by ASIC and CySEC.

You should consider whether you can afford to take the high risk of losing your money. As an online trading platform, XTB offers simplicity and cutting-edge tools and is ideal for beginners and experienced traders. If you are an advanced trader, you may want to take advantage of the leverage, which allows you to trade 49 currency pairs, including major, minor and exotic ones.

Aside from this, there are a lot of advantages to trading with XTB. In addition, XTB trades can be big or small, so they suit everyone. In addition, they can keep up to date with all the latest news and developments in the foreign exchange markets and learn about the basics of trading.

There is also the option to trade micro lots, which is substantially beneficial for them. There are also more than global markets that traders can trade in, including crypto, stocks, commodities, ETFs, and indices. Both the xStation 5 and the xStation mobile platform are available to traders.

Furthermore, Multiple reviews and comparison sites have awarded XTB for their safety and implemented industry-leading security protocols. There are more than , customers in over 20 countries who use Alvexo as a regulated online brokerage offering a whole range of investment opportunities including CFD on Commodities, Stocks, Indices, and ETFs. With more than assets, real-time quotes on over assets, and an intuitive range of trading platforms and applications, Alvexo was founded in by market veterans.

A number of tools are available for market analysis. Next up on our list of the forex trading platforms UK investors can open an account at is Libertex. The platform — which has been active in the online forex trading scene since the late s, is home to a range of majors, crosses, and exotics.

Regarding the latter, you can trade forex pairs containing the Singaporean dollar, Russian ruble, Mexican pesos, and more. Unlike eToro, Libertex charges a small commission every time you place a buy or sell order.

But, not only does this average just 0. As such, even when you factor in the variable commission, this forex trading platform offers competitive fees. On top of forex, Libertex also offers a large selection of CFDs. This covers stocks, metals, indices, oil and gas, ETFs, and more.

Once you open an account with Libertex, you can trade forex via your web browser. This avoids the need to download third-party software. Both the main Libertex platform and MT4 can be accessed via a native mobile app, too. An additional feature offered by Libertex is its educational department. This offers a collection of guides and explainers on key forex trading terms. When it comes to payments, Libertex makes the funding process a simple one. If you want to benefit from an instant deposit, you can choose from a UK debit card or e-wallet.

The minimum deposit at this United Kingdom forex trading platform is £ This goes down to £10 per transaction once you have made an initial deposit. In terms of safety and security, Libertex is regulated by Cyprus-based CySEC. It is, however, authorized to accept UK traders.

Visit Libertex. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Skilling is one of the latest entrants to the UK forex trading scene — with the platform launching in With this in mind, Skilling still offers competitive trading fees in the online space. By trading major forex pairs, Skilling allows you to buy and sell your chosen financial market from a spread of just 0.

Newbies are also catered for as the Skilling web-trader is simple and burden-free. There are also a good assortment of educational guides and a fully-fledged demo account. With that said, Skilling is also looking to attract seasoned forex traders. This is evident in the fact it offers full support not only for MT4 trading platforms , but cTrader, too. Skilling also offers a huge leverage on its foreign exchange markets. You will, however, need to prove that you are a professional client to get this much.

While we are on the subject of regulation, Skilling is authorized by the FCA. It is also regulated by CySEC and the FSA. Opening an account with Skilling takes minutes and the minimum deposit is just £ You fund your account with a debit card, e-wallet, or by transferring funds from your UK bank account. Visit Skilling. Your capital is at risk when trading CFDs with this provider. AvaTrade is a popular FX and CFD broker that was founded in and is authorised by numerous financial regulators, including the Australian Securities and Investments Commission ASIC and the Central Bank of Ireland CBI.

Users of Avatrade can trade forex, CFDs, and cryptocurrencies without paying a commission. This CFD and forex broker was founded in and is regulated by numerous financial organisations. AvaTrade provides forex trading as well as a broad range of CFD derivatives, including stocks, bonds, ETFs, commodities, and indices. You may also trade seven different cryptocurrencies straight through the AvaTrade platform with no commissions and no bank fees. There are no deposit or withdrawal fees, as well as no account fees, when it comes to non-trading fees.

AvaTrade, which was founded in , operates on a global scale and is thus authorised and regulated by a number of financial authorities.

I British Virgin Islands Financial Services Commission, and the Israel Securities and Exchange Commission. AvaTrade is also an Islamic forex broker. Visit AvaTrade. FXCM is an established forex trading platform that was first launched in Authorized and regulated by the FCA, this forex provider is often the go-to platform for those seeking a reliable and low-cost way of accessing the currency scene.

Then, when you are ready to trade with real money, you can instantly deposit funds with a debit card. When it comes to supported markets, FXCM gives you access to dozens of tradable forex pairs.

This covers a good variety of majors, minors, and exotics. You can also trade shares, commodities, and indices — all in the shape of CFD instruments. FXCM offers leverage on all of its supported markets. Although retail clients are capped to , professional traders can get up to When we explored the FXCM fee structure for our review, we found this UK forex broker does not charge any commissions.

Spreads are also competitive, especially on major pairs. FXCM allows you to trade forex via its website or mobile app — which is available on Android and iOS. Visit FXCM There is no guarantee you will make money with this provider. Launched way back in , Forex is a long-established trading platform. If you are a professional trader seeking advanced forex services, this provider is likely to be what you are looking for.

When it comes to fees, Forex. com offers three account plans. The former gives you access to spreads of just 0. Alternatively, the STP Pro account offers spreads of 0.

There are four main categories to choose from:. Eightcap is an excellent no-dealing desk broker. When it comes to supported markets, FXCM gives you access to dozens of tradable forex pairs. new follow-up comments. Advanced Trader For those new to online investing, Advanced Trader offers all the powerful features of Trading View in an easy-to-navigate interface. CFD trading is different, with this you buy a contract at the price matched the underlying instrument.

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