The UK is a leading global hub for forex trading, regulated by the Financial Conduct Authority (FCA), ensuring high standards of trader protection and market integrity. UK forex brokers offer diverse trading platforms, competitive spreads, and services tailored to both beginners and professional traders.
This article provides a comprehensive list of FCA-regulated UK forex brokers, their key features, and trading platforms.
Top FCA-Regulated Forex Brokers in the UK
| Broker Name | FCA Reg. Number | Platforms | Minimum Deposit | Key Features |
|---|---|---|---|---|
| IG Markets | 195355 | Proprietary, MT4 | £0 | Spread betting, global market access |
| CMC Markets | 173730 | Next Generation, MT4 | £0 | Advanced charting, zero minimum deposit |
| Pepperstone UK | 684312 | MT4, MT5, cTrader | $0 (recommended $200) | ECN execution, low latency |
| City Index | 113942 | MT4, WebTrader | £100 | Spread betting, competitive pricing |
| XTB UK | 522157 | xStation 5, MT4 | £0 | Commission-free trading, crypto CFDs |
| Saxo Bank UK | 551422 | SaxoTraderGO, PRO | $10,000 | Institutional-grade tools |
| FXCM UK | 217689 | Trading Station, MT4 | £50 | Good execution, educational support |
| Admirals (Admiral Markets) | 595450 | MT4, MT5 | $100 | Copy trading, low fees |
| ThinkMarkets UK | 629628 | MT4, MT5, ThinkTrader | £0 | Multi-platform support |
| Capital.com UK | 793714 | Proprietary | $20 | AI-powered insights, commission-free |
What to Look for in UK Forex Brokers
- FCA regulation for trust and safety
- Support for spread betting (tax-free in the UK)
- Choice of platforms including MT4, MT5, proprietary apps
- Transparent fees, tight spreads, and fast execution
- Educational resources and responsive customer support
Key Takeaways
- FCA-regulated brokers provide high security and transparency
- IG and CMC Markets are among the most popular and trusted brokers
- Spread betting is unique to the UK and offers tax advantages
- Platform choice and customer support are important factors
Frequently Asked Questions
Which forex brokers are FCA regulated?
IG Markets, CMC Markets, Pepperstone, and City Index are FCA-regulated.
Can I spread bet forex in the UK?
Yes, spread betting is legal and tax-free in the UK.
What platforms do UK brokers support?
MT4, MT5, and proprietary platforms like xStation and SaxoTraderGO.
Are UK forex brokers safe?
Yes, if they are regulated by the FCA.
Is there a minimum deposit for UK forex brokers?
Minimum deposits vary; some brokers accept £0, others require £100 or more.
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