Forex Brokers for UK Traders

The UK is one of the world’s most significant forex trading hubs, regulated by the Financial Conduct Authority (FCA). UK traders benefit from stringent regulatory standards, client fund protection, and access to top-tier brokers offering advanced trading platforms and competitive pricing.

This article lists the best forex brokers for UK traders, focusing on FCA-regulated brokers, their features, and why they stand out.

Why Choose FCA-Regulated Brokers?

Protection under FSCS compensation scheme up to £85,000
Transparent trading and pricing rules
Strict client fund segregation
Reliable dispute resolution
High standards for execution and reporting

Top Forex Brokers for UK Traders (2025)

1. IG Markets

FCA Regulated (FCA No. 195355)
Platforms: Proprietary, MT4, L2 Dealer
Features: Spread betting, CFDs, extensive market access

2. CMC Markets

FCA Regulated (FCA No. 173730)
Platforms: Next Generation, MT4
Features: Advanced charting, low spreads, zero minimum deposit

3. Pepperstone UK

FCA Regulated (FCA No. 684312)
Platforms: MT4, MT5, cTrader
Features: ECN execution, low latency, scalable for algos

4. City Index

FCA Regulated (FCA No. 113942)
Platforms: MT4, WebTrader
Features: Spread betting, competitive pricing

5. XTB UK

FCA Regulated (FCA No. 522157)
Platforms: xStation 5, MT4
Features: Commission-free trading, crypto CFDs

6. Saxo Bank UK

FCA Regulated (FCA No. 551422)
Platforms: SaxoTraderGO, SaxoTraderPRO
Features: Institutional tools, multi-asset access

7. FXCM UK

FCA Regulated (FCA No. 217689)
Platforms: Trading Station, MT4
Features: Good execution, educational resources

8. Admirals (Admiral Markets)

FCA Regulated (FCA No. 595450)
Platforms: MT4, MT5
Features: Copy trading, Invest.MT5 for stock trading

9. ThinkMarkets UK

FCA Regulated (FCA No. 629628)
Platforms: MT4, MT5, ThinkTrader
Features: Multi-platform support, reliable execution

10. Capital.com UK

FCA Regulated (FCA No. 793714)
Platforms: Capital.com WebTrader
Features: AI-powered analytics, commission-free

Key Takeaways

FCA regulation ensures high safety and transparency for UK traders
Most brokers offer popular platforms such as MT4 and MT5
Spread betting is a popular tax-efficient trading method available through UK brokers
Competitive spreads and fast execution are key factors for active traders
Customer support and educational resources enhance trading experience

Frequently Asked Questions

Which forex broker is best for UK traders?

IG Markets and CMC Markets are widely regarded as the top choices for UK residents.

Are UK forex brokers regulated?

Yes, brokers regulated by the FCA comply with strict UK financial laws.

Can I spread bet forex in the UK?

Yes, spread betting is legal and tax-free in the UK, offered by brokers like IG and City Index.

What trading platforms do UK brokers support?

MT4, MT5, and proprietary platforms like IG’s and XTB’s are common.

Is forex trading safe in the UK?

Yes, as long as you trade with FCA-regulated brokers.

Forex Brokers for UK Traders

Why Choose FCA-Regulated Brokers?