Best Forex Brokers for UK Traders 2021

Are you looking for the best Forex brokers in the UK that will ensure your trading funds are safe and you are trading with a broker that has strong regulation?

You are in the right place!

In this post we go through the best brokers for traders in the UK that are regulated by the FCA.

These brokers all have different features and you will be able to find a broker to suit you depending on whether you need a Metatrader broker, a broker with a small minimum deposit or a broker that has top of the line customer support.

 

Compare Forex Brokers Fees:

Use our side-by-side comparison table to compare Forex broker accounts, spreads and fees.

 

Best Forex Brokers for UK Traders

FXTM

FXTM	Regulation	Min Deposit	Platform	Open an Account
	FCA and CySec	$10	MT4 and MT5	Trade Now

FXTM is an award winning broker that has a vast selection of instruments, platforms, account types and resources.

With FXTM you get access to a regulated broker who offers both the latest MT4 and MT5 platforms.

Unlike many other brokers where the minimum deposits can be a lot larger, the minimum deposit with FXTM is only $10. This means you can make a tiny deposit and test out whether they are for you or not.

With FXTM you can make your trades with instant execution and on a huge range of markets and assets that include;

• Currency pairs
• CFDs
• Precious metals and commodities
• Cryptocurrencies
• Stocks

Trade Now

 

Plus500

Plus500	Regulation	Min Deposit	Platform	Open an Account
	ASIC, FCA + Others	$100	Plus500 Platform	Trade Now

Plus500 is a market maker broker that offers their own trading platform that is very easy to use.

This broker offers trading on pretty much every market you could think of. If you cannot find what you are looking for on another broker, then Plus500 is probably for you. After signing up you get access to everything from Forex through to options and even ETF trading.

Plus500 offers large leverage, very small spreads and no commission trading making it a very good options for many different types of trading strategies.

Trade Now

 

FXCM

FXCM	Regulation	Min Deposit	Platform	Open an Account
	FCA, ASIC + others.	$300	Trading Station, MT4 and NinjaTrader	Trade Now

FXCM is a leading global broker that has been offering it's services since 1999.

FXCM has a huge range of trading services that include foreign exchange (FX) trading, CFD trading and spread betting. With FXCM you have access to multiple trading platforms, tools and premium resources to help you gain an edge over the markets.

One of the reasons so many choose to trade with FXCM is because of their extensive range of markets you can trade. You get access to everything from Forex, shares, cryptocurrencies, commodities and indices.

Trade Now

 

Pepperstone

	Regulation	Min Deposit	Platform	Open an Account
	ASIC, FCA + Others	$200	MT4, MT5 and cTrader	Trade Now

Pepperstone is an Australian based broker and is widely regarded as one of the best Forex brokers in the world.

With Pepperstone you have the ability to trade on Forex, gold, indices, equities, and more. One of the biggest benefits to Pepperstone is the availability of not just MT5, but also other different trading platforms. You can choose any of the MT4, MT5, and cTrader that come on desktop, mobile and web trading.

Pepperstone offer very comprehensive education and analysis that ranges from market news, analysis, an economic calendar, guides, webinars, and more.

Another large benefit to Pepperstone is their small trading costs. Pepperstone offer very small spreads and charge low commissions per round trade.

Trade Now

 

eToro

eToro	Regulation	Min Deposit	Platform	Open an Account
	ASIC, FCA + Others	$50	eToro Platform	Trade Now

eToro is the world's leading social trading platform where you can both trading yourself and copy other professional traders.

eToro have a huge range of products and the main reason they have become so popular is because of their copy trading feature. This feature allows you to make consistent profits without having to make any trades yourself.

Using their in-depth statistics you can find the most profitable traders and start following them. You will then be copying their trades and making profits on the same trades.

eToro offer their own trading platform that is very easy to use on both desktop and mobile and allows you to quickly and easily make and manage your trades. The platform lets you quickly see your risk and the exact amounts you will make or potentially lose.

eToro accepts traders from all over the world and since 2018 they have also started accepting US traders which is a huge plus for all the US traders looking for a good broker with strong regulation.

Trade Now

 

Is Forex Trading Legal in the UK?

Yes, Forex trading is legal in the UK.

To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

The regulator in the UK is the FCA and they are the regulator for nearly 60,000 financial services firms and financial markets.

Trading in the UK with a FCA regulated broker will ensure your funds are safe and you are with a reputable broker.

 

How to Start Trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated by the FCA to ensure your funds are safely protected.

As we go through in our list above, the best five brokers that are regulated by the FCA and you can start trading with today are;

#1: Plus500

#2: FXTM

#3: eToro

#4: FXCM

#5: Pepperstone

 

What to Look for in a South African Forex Broker

Correct Regulation

When looking to deposit and trade with a Forex broker it is incredibly important you make sure that the broker is strongly regulated. This will make sure you are getting the best trading conditions and your funds are safe. This will also ensure that if anything does go wrong with your broker that there is a complaint procedure in place to solve any issues.

Protection of Funds

If you are trading with a broker that either has no regulation or very thin regulation, then you funds are at risk.

The world's strongest regulators make brokers segregate client funds. This basically means that your funds are not pooled with the brokers. If anything happens to the broker, then your funds are not going to be at risk.

Negative Balance Protection

Negative balance protection can be incredibly important. In years gone past we have seen some huge market crashes and flashes. This has caused traders accounts to go well below what they first deposited and the broker coming after them for the extra money they have lost.

Having a broker with negative balance protection means that you cannot ever lose more than what you deposit.

 

How to Check if UK Broker is Regulated

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here.

This register will help you make sure that the broker you want to trade with is in fact regulated and correctly registered in the UK with the FCA.

 

FAQ's

Is Forex trading legal in the UK?

Yes, Forex trading is legal in the UK. To guarantee your funds protection you should make sure you are trading with a UK regulated broker.

How do I check if Forex broker is regulated in the UK?

If you want to see if a broker is regulated in the UK, then you can check the FCA register at their website here; https://register.fca.org.uk/s/

How do I start trading in the UK?

To start trading legally in the UK you should find a broker that is tightly regulated in the UK by the FCA to ensure your funds are safely protected.