25 Best UK Forex Brokers for 2022.
23 Best UK Forex Brokers for 2022. The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here’s how we test. Trading forex (currencies) in the United Kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by the Financial Conduct Authority (FCA) , which is the financial regulatory body in the UK.
The FCA’s website is FCA.org.uk. We recommend UK residents also follow the FCA on twitter, @TheFCA. The FCA was formed out of the Financial Services Act of 2012, effectively replacing its predecessor, the Financial Services Authority (FSA). For a historical breakdown, here’s a link to Financial Conduct Authority webpage on Wikipedia. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Best UK Forex Brokers for 2021. To find the best forex brokers in the UK, we created a list of all FCA authorised brokers, then ranked brokers by their Overall ranking. Here is our list of the top UK forex brokers.
– Best overall broker, most trusted – Best web based trading platform – Excellent overall, best platform technology – Great overall, best for professionals – Excellent all-round offering – Great research and education – Excellent all-round offering. Best Forex Brokers UK Comparison. Compare UK authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm’s ForexBrokers.com Overall ranking.
Forex Broker Accepts GB Residents Authorised or Regulated by the FCA Average Spread EUR/USD – Standard Minimum Deposit Overall Visit Site IG Yes Yes 0.828 £250.00 5 Stars Visit Site Saxo Bank Yes Yes 0.800 $2,000.00 5 Stars Visit Site CMC Markets Yes Yes 0.730 $0.00 5 Stars N/A Interactive Brokers Yes Yes 0.600 $0 5 Stars Visit Site FOREX.com Yes Yes 1.100 $100.00 4.5 Stars Visit Site XTB Yes Yes 0.900 $0.00 4.5 Stars Visit Site City Index Yes Yes 1.100 £100.00 4.5 Stars N/A Swissquote Yes Yes N/A $1000.00 4.5 Stars N/A eToro Yes Yes 1.00 $10 binary options-$200 4.5 Stars Visit Site FXCM Yes Yes 1.400 Starts from $50 4.5 Stars N/A Plus500 Yes Yes 0.600 €100 4.5 Stars N/A Admiral Markets Yes Yes 0.800 100 4.5 Stars N/A Capital.com Yes Yes 0.800 $20.00 4.5 Stars Visit Site Pepperstone Yes Yes 0.690 $200.00 4 Stars N/A Tickmill Yes Yes 0.270 $100.00 4 Stars Visit Site Fineco Yes Yes $0 4 Stars N/A HYCM Yes Yes 0.600 $100 4 Stars Visit Site HotForex Yes Yes 1.200 $5 4 Stars N/A Vantage Yes Yes 1.