ForexBest forex brokers for UK traders
UK residents should use a broker company authorised by the Financial Conduct Authority. Six of the brokers we review have FCA-authorised companies that take UK retail clients.
What FCA authorisation gives you
Leverage capped at 30:1 on major pairs, a 50% margin close-out, negative balance protection and access to the Financial Services Compensation Scheme if the firm fails, subject to its limits. Spread betting is also available from FCA firms. See UK leverage limits and spread betting.
1. Pepperstone: FCA-authorised with no minimum deposit
Watch for: Check the FCA Register before you deposit. Read our Pepperstone review.
2. Eightcap: FCA-authorised with TradingView
Watch for: Confirm UK pricing on Eightcap's site, as terms can differ by entity. Read our Eightcap review.
3. IG: three FCA companies and spread betting since 1974
Watch for: IG's published average spreads date from 2020 and 2021, and conversion costs 0.8%. Read our IG review.
4. FxPro: FCA-authorised with cTrader and spread betting
Watch for: The 1:10,000 leverage FxPro advertises is not available to UK retail clients. Read our FxPro review.
5. eToro: FCA-authorised with copy trading
Watch for: No MetaTrader or TradingView, and conversion fees are not published as one rate. Read our eToro review.
6. OANDA: FCA-authorised with no minimum deposit
Watch for: A 1.0% conversion mark-up and an inactivity fee after 12 months. Read our OANDA review.
Brokers we review that do not take UK retail clients through an FCA firm
Exness states its FCA entity does not serve retail clients. IC Markets and XM do not list an FCA-authorised entity in the documents we checked. Signing up with an offshore entity means losing the FCA protections above.
How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.
CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.