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. Irrespective of which account plan you sign up for, Forex. com is compatible with MT4. The platform also supports MT4 VPS hosting, which illustrates that it is a great option for automated forex EAs and high-frequency traders. In terms of getting started, Forex. com requires a minimum deposit of just £ when using a debit card or Paypal.

If opting for a bank wire, there is no minimum deposit. Finally, Forex. com is authorized by the FCA in the UK, and many other bodies around the world. We have discussed a wide selection of UK forex trading platforms currently on the market. For example. while some of these UK forex brokers stand out for offering low spreads and zero commissions, offers are particularly useful for newbies.

Crucially, in order to find the right forex broker UK for your needs, you need to do a bit of homework on the platform. The important factors that need to be considered are discussed below. The online trading scene in the UK is heavily regulated — especially when it comes to retail clients. At the forefront of this is the FCA — which sets high standards for all of the forex trading platforms that it issues licenses to. By sticking with a UK forex broker that is FCA-regulated, you can be sure that the provider operates by the book.

For example, the platform will need to keep your funds in segregated bank accounts, verify the identity of all traders, and be transparent about what fees and commissions it charges. UK forex platforms typically give you access to dozens of currency pairs. Many cover major and minor markets, alongside a great selection of exotics. Additionally, you might also be thinking about trading other asset classes.

Instead of having to open an account with a specialist CFD trading platform or stock trading platform, the right forex broker UK wise for you could be one that offers a variety of markets. This saves you the need to open multiple trading accounts with multiple providers. You can trade currency pairs with the platform, too. com offers more than just forex — it lets you trade contracts for difference on lots of different asset classes, including commodities and companies.

Need to know: Desktop trading platform not available for UK users and charts are not customisable. Read our review of Capital. As with Capital. Read our review of IG.

Read our review of Saxo. Fineco also offers traditional share dealing, allowing you to purchase individual shares and exchange-traded funds as well as invest in commodities, so you have a great range of investment options available. Read our review of Fineco.

Typically, when choosing the best trading platform for forex, investors think about a few key things: the spread, the currency pairs available and the charting tools. A pip is the smallest movement that an exchange rate can make. This is equal to 1 basis point. To work out the spread, you minus the sell price from the buy price. The best forex pair to trade really depends on the current economic climate. This means that the best one to trade is changing all the time — try keeping an eye on current affairs to try to get a grasp on what impact certain events might have on a currency and choose which pairs to trade based on your findings.

When signing up, make sure you have some ID handy, as well as your bank details and national insurance number. Zoe is a writer for Finder specialising in investment and banking. Zoe has a BA in English literature and a Diploma for Financial Advisers. She has several years of experience in writing about all things personal finance. Zoe has a particular love for spreadsheets, having also worked as a management accountant. Looking to start trading?

See what Spreadex, one of the UKs leading spread betting companies could offer you! Looking to get into forex trading? See if 3D Markets are the right partner for your trading journey now. Looking to get into trading? See if AvaTrade have the right combination of education, competitive pricing and customer support to suit you. Looking for a trading platform and partner that you can trust?

See what Formax can offer you in the expanding world of Forex trading. If you want to get into the world of trading contracts for difference, ETX Capital has this on offer. Find out how to trade with ETX Capital. If you want to invest your time and capital wisely, take a look at what FXTM can offer you in the expanding world of forex trading.

Looking to invest? Click here to cancel reply. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Instant execution is subject to requotes but no slippage, while market execution may have some slippage but there are no requotes.

Average minimum spreads vary but start at about 1. like a standard account. With all of their accounts, there is no minimum deposit requirement and zero funding costs either. FxPro also allows spread betting, which adds more complex instruments to trade. Not a lot of brokers offer the full MetaTrader suite, which are still amongst the most popular third-party trading platforms in the market. These are available both as desktop or web trader options.

Trading Central is another useful charting plugin that can be integrated with MT4 and MT5. The cTrader trading platform is the second most popular forex trading platform, which is why it has become the leading multi-asset trading platform for many advanced forex traders wanting low trading costs. From the FxPro trading platform download centre, traders can have access to cTrader for both PC and Mac. The FxPro cTrader platform is an award-winning platform that comes with the following capabilities:.

FxPro was among the first UK CFD brokers to offer cTrader Automated including all the integrated algo trading tools that come with it. When you opt to use FxPro as a broker, you have access to a range of competitive trading platforms that can supply all your trading needs. This, in addition to a variety of account types, execution methods and transparent pricing. Plus is the largest CFD online broker in the world that comes with its own in-house proprietary trading platform.

Plus has a rich history being in the online trading business since when it started serving clients around the world.

Our team of experts has awarded Plus as the best forex trading platform for beginners for the following reasons:. Plus only offers a Standard account for UK retail traders, which is a great choice for beginners. This is their commission free account, with average minimum spreads of 0.

There are no additional funding costs though. Plus offers a wide range of markets with over financial instruments tradeable through the Plus trading platform. As a point of difference, Plus also offers options to trade. Plus only offers one trading platform but its own proprietary trading platform is intuitive and very simple to use for beginners.

The main user interface is designed to help beginners trade in an environment that focuses on simplicity. You can trade via the web-based trading platform and trading Apps on both iOS and Android.

Mobile trading has integrated the same trading features that comes with the Plus web-based trading platform. To practice before you start trading live, you have the choice to open a demo account. Overall, for beginner UK forex traders, Plus is the recommended option for their user-friendly proprietary trading platform, simple account opening process and reasonable trading costs.

Our team of experts evaluated eToro alongside other copy trading platforms by being committed to rigorous standards. We awarded eToro the prize of the best social trading network because of the outlined trading features:. There are no commissions with this account and average minimum spreads of 1 pip for major Forex pairs. This is in line with the industry average for similar accounts.

The other benefit of eToro as a broker is the option of a swap-free account for Islamic traders in the UK which follows Sharia Law. The wide array of instruments makes eToro one of the best brokers in the UK when it comes to social trading. eToro social network platform connects traders from over countries and lets them mimic the trading activity of the most talented traders.

The platform is intuitive, user-friendly and combines the benefits of social trading and self-directed trading. Professional traders can also share their success inside the eToro social network and generate an extra passive income from their trading ideas.

eToro can facilitate communication between a losing trader and a profitable trader in up to 20 languages. CopyPortfolios is a tool that helps investors to copy an entire portfolio of instruments or traders.

This portfolio management tool includes three types of new investment opportunities:. Overall, no UK forex broker comes close to eToro when it comes to the social trading features of eToro. If you are looking to trade in the forex exchange market, MetaTrader 4 is the most popular trading platform worldwide. Over 1, brokers offer this platform making it one of the most easily accessible platforms and play a large part in why there are over 16 million users of the platform.

MetaTrader 4, definitely an excellent platform and one of the best available do come with a few limitations. Namely, one cannot trade shares or other financial instruments that have a central exchange.

For this reason, MetaTrader 5 MT5 is the most popular trading platform for trading the wides range of CFDs. Outside the MetaTrader platform, cTrader is the other mainstream trading platform popular with traders in significant numbers. cTrader is a good option for algorithmic trading via cTrader Automate. Here you can use cBOT programs to automate your trading. Pepperstone offers the lowest spreads when forex trading. The broker is unique because they have some of the best spreads when using a commission-free standard account and account with ECN pricing.

Spreads for the Standard account start from 0. Only FCA-regulated brokers were considered as part of this UK forex broker review. Most traders are eligible for a retail foreign exchange trading account, which has limitations such as leverage. When accessing forex exchange markets, only those eligible for professional accounts can receive high leverage, which exposes them to the markets more. Forex traders using retail investor accounts lose more often than they win because CFDs are complex instruments that require a lot of practice to master.

You should understand the risks and consider a demo account before trading with real money. Contracts for difference CFDs are a form of derivative used for online trading. CFDs work by enabling you to speculate on price movements within a specific financial market, without buying or selling the underlying asset.

As CFDs are complex instruments that come with a high risk of losing money, it is recommended to trade forex with a regulated broker.

UK traders will receive the most protection when trading with a broker regulated by the Financial Conduct Authority FCA. Traders should understand these high risks before commencing with a broker. Our risk disclaimer is CFDs, exchange derivatives to crypto trading. We use cookies to ensure you get the best experience on our website.

By continuing to browse you accept our use of cookies. Best UK Forex Brokers Lowest Spread Forex Brokers Best UK Spread Betting Brokers Best ECN Brokers In UK FCA Regulated Brokers. Best CFD Trading Platforms In UK Best Forex Platforms For Beginners Best MT4 Brokers In UK Copy Trading Platforms Automated Trading Platform.

Pepperstone Review IG Markets Review FP Markets Review Swissquote Review FXCM Review Plus Review. Home » Forex Trading » Best Forex Trading Platform. Best Forex Trading Platforms The best UK forex broker is determined by the brokerage spreads , forex trading platform and trading experience. Written by Justin Grossbard Written by Justin Grossbard Co Founder. Edited by Riley Adams Edited by Riley Adams Senior Trading Editor.

Reviewed by Justin Hertzberg Reviewed by Justin Hertzberg Forest Park FX President. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Top 10 Forex Trading Platforms The top UK forex brokers based on trading software and spreads are. Swissquote — Trusted Broker With Great Platforms Pepperstone — Has Best MetaTrader 4 And Other Top Platforms Plus — Best Forex Trading Platform For Beginners eToro — Best Social Trading Platform In The UK FXCM — Great Trading Station Software Propriety Platform IG — Large Range Of Trading Software FxPro — Best UK Forex Broker Offering The cTrader Software.

Visit Site. Our Rating. Swissquote Review. Review Of Pepperstone. Review Of FXCM. Review Of Plus Review Of FxPro. FCA UK. Raw Spread. Commissions USD Base.

Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max. Leverage The United Kingdom. MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss.

UK traders can trade forex through FCA-regulated brokers. These brokers offer MT4, MT5, and cTrader trading platforms. They might also offer their own proprietary trading platform. The Financial Conduct Authority FCA regulates Forex trading platforms in the UK.

Only FCA-regulated forex trading platforms are safe for you. Do not trade with an unregulated forex trading platform. It is not safe and you can lose all of your money. Their FCA reference number is We consider Pepperstone low risk. You are also charged a £4.

Their fees on Nasdaq and Gold are shown in the table below. Available platforms: Pepperstone offers MetaTrader 4, MetaTrader 5, and cTrader platforms. The three platforms are available on the desktop and the web. They are also available as mobile apps on the Apple app store and Google play store.

In addition, there is also TradigView with advanced technical and drawing tools. Pepperstone also offer Social Trading. They have a trading platform for that as well. It is called DupliTrade. Deposits reflect in your account immediately for card transactions and PayPal. Bank transfer deposits take up to three business days. Withdrawals take business days before they reflect in your bank account.

The email response was okay, arriving after two hours. Overall customer support is good. The cTrader app works on both Android and iOS systems. Regulation: IC Markets are licensed in another European Economic Area. However, they have temporary permission to operate in the UK as IC Markets EU Ltd. Their FCA license number is and they are considered low risk.

Update: At the time of this writing, IC Markets have applied to cancel their temporary FCA regulation. This is according to the information on the FCA website.

You pay a round-turn commission of £5. Available platforms: IC Markets offer MetaTrader 4 and Metatrader 5. The MetaTrader platforms are available as mobile, web, and desktop. cTrader is also available and it supports algorithm trading. Deposit transactions are instant. Withdrawals can take up to business days to reflect in your account.

Customer Support: We had the best customer support experience with live chat. There is a chatbot with a menu-based response that is programmed to answer common questions. We also had a chat with their live chat agent and there were three minutes of holding time. Once connected their chat support was okay. Regulation: eToro FCA reference number is eToro is considered a safe platform for trading CFD because they are regulated.

There is no commission. Available platforms: eToro offer their own proprietary trading platform. It is also available as a mobile app on the app store and Google play store. eToro is known for social or copy trading. So they have a good trading platform for it. The name of the platform is CopyTrader. The shortest way to deposit is PayPal because transactions are completed in 2 business days. Bank transfers and credit card transactions take up to 10 business days.

You cannot connect to their live chat if you are not a customer. We were able to test their live chat and got a response after five minutes.

You can also reach eToro via email. We got no response when we reached them through email. The customer support experience is moderately good. FXCM Trading Station and MetaTrader platforms are available as mobile apps and desktop versions. The Metatrader platform is also available as a web trading platform. Regulation: FXCM is regulated with the FCA as Forex Capital Markets Limited.

Their license number is FXCM do not charge commissions. Available Platforms: FXCM has multiple trading platforms compared to other brokers. Metatrader 4, NinjaTrader, Tradingview, and Trading Station. Customer Support: We contacted FXCM through email and WhatsApp.

The experience was good with instant responses on WhatsApp. FXCM responded to our mail after an hour. Regulation: FxPro are regulated with the FCA as FXPRO UK Limited. Their reference number is You do not pay any commission on MT4 and MT5 trading platforms. Available Platforms: FxPro supports MT4, MT5, and cTrader trading platforms. They also offer their FxPro trading platform.

All four are available as mobile apps iOS and Google Play and web traders. Only MT4, MT5, and cTrader platforms are available on desktops. Bank transfer and broker-to-broker depend on the banks involved. Customer Support: We received a response via their live chat feature in one minute. We also tested their email support and received a response after four minutes. Overall support experience was good.

In case of Bank transfer City Index takes up to working days. Funding and withdrawing via PayPal can take up to 2 working days. Regulation: City Index is regulated with the FCA as StoneX Financial Limited and their FCA reference number is You can trade safely with City Index.

You pay no commission for trading these pairs. Bank transfer takes up to working days. Customer Support: We found an extensive FAQs section. You can find commonly asked questions there. We also tested the menu-based live chat feature. We received quick responses with no holding time. A forex trading platform begins with regulated brokerage companies. These companies have a system of accepting traders and connecting them to the forex market.

A Trading platform is a major way forex brokers let traders access the markets. Once you are registered and your trading account is activated, you can then use the trading platforms to trade forex. Trading platforms are broadly divided into two — third-party platforms and proprietary platforms. The former is developed by other companies for forex brokers. On the other hand, proprietary platforms are developed by brokerage companies. They are designed and built by brokerage companies.

eToro, FxPro, and City Index are examples of brokers with their own platforms. Some brokers support both types of trading platforms. However, there are few brokers like XTB who only support their proprietary platforms. Forex trading platforms can be divided into dealing desk and non-dealing desk NDD platforms. Dealing desk platforms are market makers. They take the opposite sides of your trades.

com offers more than just forex — it lets you trade contracts for difference on lots of different asset classes, including commodities and companies. branch provides the best pricing out of its available account options. Visit Skilling. The broker is regulated in four tier-1 jurisdictions, including the Financial Conduct Authority FCA , as well as being publicly listed on the Swiss Exchange, making Swissquotes a trusted broker. FXCM offers leverage on all of its supported markets. A big plus with the IG platforms is the inclusion of a guaranteed stop loss.

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