Check out our top 10 list below and follow our links to read our full in-depth review of each uk forex trading site, alongside which you'll find costs and features lists, user reviews and videos to help you make the right choice. com offers expert reviews, user reviews and comments on the web's leading products and services.

Read more about us Web site and all contents © Copyright No1Reviews. com , All rights reserved. Your capital may be at risk when you trade online. Read our buying guide for more information. We are sometimes awarded commissions on the sales of products and services featured on this site. Read our disclosure in full here. com is an online broker which offers its clients access to Shares, Forex, Indices, ETFs, CFDs and Commodities trades. It includes several trading tools, webinars, plus 24 hour support, zero commission and competitive spreads.

com offers various trading tools: Economic Calender, Economic Events, Markets eToro is a leading, professional brokerage company for anyone who wants to invest online. They cover stocks, currencies, commodities, indices and ETF, providing a user-friendly experience so that anyone can take advantage of their investment opportunities. You can invest in global markets and industries, seeking out your favorite companies or commodities and checking their sales values over time.

Investment is designed for first-time investors A trader with a Plus account can trade CFDs on Forex, Stocks, Commodities, Options, Cryptocurrencies availability subject to regulation and Indices. Plus provide online tools and download options to help you monitor and manage your trades, with automatic withdrawal options to help prevent losses.

As with all online trading sites, your You should consider whether you can afford to take the high risk of losing your money. When it comes to trading currencies, Forex. com is a leading global service. They offer a range of trading platforms, including FOREXTrader PRO and MetaTrader, plus a variety of training and learning options for anyone who wants to improve their trading techniques.

com provides IronFX is an online trading service specialising in Forex, Spot Metals, Futures markets and Shares. To help you to maximise your trading potential, IronFX. com offer a com is primarily a Forex trading service, utilising the MetaTrader platform. The service offers some very tempting bonuses to its members, including interest on their credit and deposit bonuses.

Forextime FXTM. FXTM is primarily a Forex trading service, but you can also trade in commodities and CFDs which include shares in major international companies such as Amazon. They offer 8 different account types to suit your needs, capital and trading style, plus two trading platforms MetaTrader 4 and 5 which work on PC, Mac and mobile devices. As with all online trading, you can lose EasyMarkets is a trading website which offers a variety of easy-to-use platforms for online trading.

You can trade in a wide range of markets, from Forex to Commodities, with Vanilla Options and CFDs on offer. The site also provides online training tools for new and seasoned traders who wish to better understand the markets and improve your chances of success. As with all online HotForex is an online trading broker which provides its clients with access to several key products, such as Forex or currency pair trading , Indices, Shares and Commodities. I British Virgin Islands Financial Services Commission, and the Israel Securities and Exchange Commission.

AvaTrade is also an Islamic forex broker. Visit AvaTrade. FXCM is an established forex trading platform that was first launched in Authorized and regulated by the FCA, this forex provider is often the go-to platform for those seeking a reliable and low-cost way of accessing the currency scene.

Then, when you are ready to trade with real money, you can instantly deposit funds with a debit card. When it comes to supported markets, FXCM gives you access to dozens of tradable forex pairs. This covers a good variety of majors, minors, and exotics.

You can also trade shares, commodities, and indices — all in the shape of CFD instruments. FXCM offers leverage on all of its supported markets. Although retail clients are capped to , professional traders can get up to When we explored the FXCM fee structure for our review, we found this UK forex broker does not charge any commissions. Spreads are also competitive, especially on major pairs.

FXCM allows you to trade forex via its website or mobile app — which is available on Android and iOS. Visit FXCM There is no guarantee you will make money with this provider. Launched way back in , Forex is a long-established trading platform. If you are a professional trader seeking advanced forex services, this provider is likely to be what you are looking for. When it comes to fees, Forex. com offers three account plans.

The former gives you access to spreads of just 0. Alternatively, the STP Pro account offers spreads of 0. Irrespective of which account plan you sign up for, Forex. com is compatible with MT4. The platform also supports MT4 VPS hosting, which illustrates that it is a great option for automated forex EAs and high-frequency traders.

In terms of getting started, Forex. com requires a minimum deposit of just £ when using a debit card or Paypal. If opting for a bank wire, there is no minimum deposit.

Finally, Forex. com is authorized by the FCA in the UK, and many other bodies around the world. We have discussed a wide selection of UK forex trading platforms currently on the market. For example.

while some of these UK forex brokers stand out for offering low spreads and zero commissions, offers are particularly useful for newbies.

Crucially, in order to find the right forex broker UK for your needs, you need to do a bit of homework on the platform. The important factors that need to be considered are discussed below. The online trading scene in the UK is heavily regulated — especially when it comes to retail clients. At the forefront of this is the FCA — which sets high standards for all of the forex trading platforms that it issues licenses to.

By sticking with a UK forex broker that is FCA-regulated, you can be sure that the provider operates by the book. For example, the platform will need to keep your funds in segregated bank accounts, verify the identity of all traders, and be transparent about what fees and commissions it charges. UK forex platforms typically give you access to dozens of currency pairs. Many cover major and minor markets, alongside a great selection of exotics.

Additionally, you might also be thinking about trading other asset classes. Instead of having to open an account with a specialist CFD trading platform or stock trading platform, the right forex broker UK wise for you could be one that offers a variety of markets. This saves you the need to open multiple trading accounts with multiple providers.

All forex trading platforms in the UK charge fees in return for offering you access to your chosen marketplace. As such, you can assess how competitive the provide is before signing up.

Trading forex online and making consistent profits is never guaranteed. As such, choose a forex trading platform that offers simple functionality. In our search for forex brokers UK traders are accepted at, we came across a number of providers that offered a clunky experience. Not only were these providers difficult to navigate, but there was often a lag in order execution time.

This is something offered by all of the UK forex trading platforms that we reviewed. The important thing is that the eToro demo facility mirrors its main trading account like-for-like. This allows you to get comfortable with placing forex orders and deploying risk-management strategies. Many UK forex brokers accept bank cards. This will allow you to quickly make a deposit as the funds should be credited instantly.

Alternatively, some forex trading platforms — such as eToro, also support e-wallets. Also be sure to check what the minimum deposit is on your chosen payment method, what fees apply, and how long the provider takes to process withdrawal requests. Many forex trading platforms in the UK offer live chat around the clock. This ensures that you can get instant support on your question or concern without needing to pick up the telephone.

With that said, we also came across providers that only offer support via email. The fundamentals of forex trading are that you exchange a specific amount of one fiat currency against another.

On the other hand, you would stand to suffer losses if the exchange rate drops. Forex CFD trading allows you to speculate on the market movements of the underlying asset while also using leverage to maximize your purchase power.

Instead of settling a set amount of base currency, contracts for differences are settled in cash. Forex brokers come in all shapes and sizes.

They vary depending on what their FX quotations are based on. There are four main categories to choose from:. Each of these forex brokers has a different way of managing transactions and executing orders.

Details about the four key types of forex brokers and their features follow:. The No Dealing Desk NDD forex broker does not have a dealing desk, as the name suggests. Nonetheless, it offers diverse composite forex quotes sourced from various forex quote providers. These third-party companies give the No Dealing Desk broker its liquidity within the FX market.

A majority of forex quote providers post their main markets with the No Dealing Desk forex platform. The NDD broker will execute trades according to those forex quotes. No Dealing Desk forex brokers typically charge a commission or they broaden the market spread as a way to earn a profit for the service they provide. Market Makers or Dealing Desk forex brokers typically execute trades without trading in the underlying market.

Market Makers offer a forex quote based on the underlying market prices, and then take the other side of the transaction by buying on their bid side or selling on their offer side. Forex trading platforms that operate on an Electronic Communications Network, or ECN, usually do not have their own dealing desk. As a result, the ECN broker offers an electronic trading platform where advanced traders and expert market-makers at commercial banks can enter bids and offers.

A key benefit of using an ECN is that the trader posting the price can maintain a level of anonymity. This is ideal for investors who want to keep their trading strategies private.

Straight-through processing brokers typically refers to the way forex trades are processed. The liquidity providers can be hedge funds, corporate banks, as well as investors. In other words, STP means that the forex broker acts as a seamless link between the trader and the underlying market, as opposed to a dealing desk that re-processes orders.

For day traders and other short-term forex trading strategies, you might want to research the range of supported currency pairs.

This is because day trading , scalping , and spread betting , all try to capitalize on short-term price movements within a single trading day. After reviewing several forex trading platforms in the UK, we found that eToro is advertised as a forex broker for beginners.

For a platform review , covering fees and commissions to tradable assets and payment methods, read our full eToro review. eToro facilitates commission-free forex trading. This is also a swap free forex broker. Opening an account is free and there are no mark-up, ticketing fees or stamp duty tax. Approaching the forex markets without any knowledge of the space is like trying to navigate a ship through a storm without a helm.

Beginner traders will therefore appreciate the free demo account and copy trading tools that eToro provides. Practice your trading strategies and broaden your knowledge of online investing with the eToro demo account. These practice accounts, or paper trading accounts, allow you to trade in a simulated, risk-free environment that mimics real market conditions.

Furthermore, eToro also offers several copy trading tools:. Visit eToro. Experienced forex traders are less reliant on automated trading features and demo accounts. For an advanced investor, technical indicators and fully customizable charts are of more value than a copy trading tool — but which forex broker offers the right tools and features for advanced users?

This is where MetaTrader 4 comes in. MT4 has been operating since and is among the industry-leading forex trading platforms in the UK. As well as forex, MetaTrader 4 can be used to participate in other markets such as commodities and indices through CFDs and spread betting. MT4 is widely accepted for two main reasons. Secondly, it offers automated trading via algorithms to close and open positions based on pre-set criteria. A popular forex broker for professionals is AvaTrade. This CFD and forex broker was launched in and is heavily regulated by financial authorities including ASIC and the Central Bank of Ireland.

To gain access to the MT4 trading platform, simply open a live trading account with AvaTrade and choose MetaTrader 4 as your preferred trading platform. The minimum deposit is £ to gain exposure to the markets. Then download MT4 and log in using your AvaTrade credentials. Why should I use MT4 on AvaTrade? MT4 has several features that allow you to conduct advanced price analyses on all supported instruments. These include a range of timeframes, interactive charts, as well as built-in technical indicators.

The AvaTrade MT4 platform allows you to pinpoint the optimal prices to enter and exit your positions. AvaTrade does not charge trading commissions, meaning the only trading fees you will encounter are the bid-ask spreads, and the overnight financing fee if you keep positions open after standard market hours transpire. For a more detailed look at the ins and outs of AvaTrade see our dedicated AvaTrade review.

Visit a regulated UK Forex broker and open an account. This will require you to enter some personal details — such as your name and email address. Your deposit limits will also be removed. You can now search for the forex pair that you wish to trade. The way to do this is to enter the specific pair into the search box at the top of the page.

You now need to select from a buy or sell order. Select the former if you think the exchange rate will increase and the latter if you think the opposite. With so many forex trading platforms in the UK to choose from, it can be challenging to know which one to go with. The main thing is that your chosen provider is one regulated by the FCA , supports your chosen pairs, and offers low fees and tight spreads. It takes just 10 minutes to open an account at one of the various forex brokers in the UK that we reviewed.

Yes, although forex trading in the UK is heavily regulated, it is perfectly legal to buy and sell currency pairs online. Just make sure that your chosen forex platform is regulated by the FCA. After reviewing dozens of providers, we found that eToro has low fees. The platform not only offers tight spreads, but all tradable markets are commission-free. With more than 27 million clients as of Q1 - eToro is often the go-to forex trading platform for beginners. The platform is particularly simple and getting started takes minutes.

Well-established forex trading platforms in the UK are safe, as they will be regulated by the FCA. This ensures that you can buy and sell forex pairs in a safe and secure manner. If you want to trade forex with Paypal, eToro supports this e-wallet alongside Skrill and Neteller.

eToro is known as a market leader in the growing social and copy trading scene. The platform is home to more than , verified copy traders, many of which specialize in forex.

The largest forex broker in the UK is eToro. This social trading platform gives you access to many forex pairs, as well as CFDs, fractional share trading, copy trading and more.

Regulated brokers will display their FCA license, or make a reference to it on their homepage. For example, if you scroll to the bottom of the eToro. com page you will see a comprehensive list of its financial regulators underneath the risk disclaimer. If it holds a license with the FCA it will appear in the search results along with the license number. Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology.

Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Kane has also written for websites such as MoneyCheck , InsideBitcoins , Blockonomi , Learnbonds , Buyshares and the Malta Association of Compliance Officers. Home » forex. Best Forex Trading Platform UK — Cheapest Platform Reviewed.

The best forex trading apps in the UK allow you to access charts, indicators and trading tools via the small mobile screen. In addition to MetaTrader 4, we look at some of the best apps for trading forex, cryptos and gold.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally.

Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees. Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

When choosing the best UK Forex brokers and the trading apps they offer, there is a lot to consider, especially given mobile trading is on the rise. The first consideration is usually whether the broker offers their own, proprietary trading platform, a third-party platform like MetaTrader, or a combination of both which is also available as a mobile app. When navigating the tricky terrain of online trading, combining a versatile mobile platform with these additional trading factors is not easy to get your head around.

While we considered many brokers such as forex. com and XTB, only the best could make our list, all with their own, unique competitive advantages. With low spreads, a great range of trading platforms and a wide variety of trading tools, Pepperstone is our best overall broker for mobile trading. You can lock in these competitive prices at high speeds due to Pepperstone having servers in the NY4 Equinix data centres, which results in less risk of slippage.

Being authorised by two tier-1 regulators, the FCA in the UK and ASIC in Australia means it is also a trusted broker. To top it off, Pepperstone also offers superior hour customer support on the weekend, along with hour coverage during the week.

Pepperstone allows you to trade via 3 apps, these are the MetaTrader platform 4 and 5 apps and cTrader. All are useful for algorithmic via Expert Advisors, cAutomate and copy trading via MetaTrader signals, cCopy and available via the Apple or Play store for Android. MetaTrader 4 and MetaTrader 5 Apps are the most popular trading platforms for all types of traders in the market.

Unlike the trading platform where MT5 has superior features, the features when using mobile are quite similar. One last notable difference is you can trade stocks when using MT5 as it is built for all products regardless if they are using a centralised or decentralised exchange. Despite MT4 being superior in terms of features, MT4 continues to be the more popular platform.

This has an advantage in terms of support given the size of its community. This account means you will get rebates when you trade in sufficiently high volumes. MetaTrader is the most popular Forex trading platform whilst cTrader and TradingView has useful analytical tools and a lower commission of 6 USD per round turn.

The Standard account has no commissions with average spreads as low as 0. The below table highlights Pepperstones average spreads compared with other major brokers. spreads are taken from each broker's website and updated monthly. As can be seen, Pepperstone spreads are among the best of all brokers when it comes to forex trading. Low spreads mean less costs, so should be a major consideration when deciding on a broker.

Tradingview is becoming an increasingly popular charting platform. This platform is a great choice for traders that like technical analysis.

Tradingview will give you access to 12 different chart kinds with each tab allowing up to eight charts. These charts come with over 50 drawing tools and an infinite number of timeframes. The platform also comes with a good deal of flexibility as many of the built-in indicators can be customised. Alternately, Pine script allows you to publish your own indicators — just 2 lines of code allows for hundreds of possibilities.

Pepperstone has a great range of third-party platforms to use, suiting all different trading styles and preferences. You can use both MetaTrader 4 and MetaTrader 5 platforms MT4 and MT5 , as well as cTrader, which allows you to use cTrader Automate, for algorithmic trading.

The social trading platforms include the popular Pelican, DupliTrade and the native MetaTrader plugin, MetaTrader Signals. All three have different copy trading capabilities with Pelican being like a Facebook for social trading, DupliTrade for proprietary FX signals for copy trading and MetaTrader Signals to add a social trading aspect to MT4 and MT5.

Another advantage of Pepperstone is only needing one account to trade on multiple trading platforms. This includes Smart Trader Tools which features 28 smart trading apps, as an add-on for MetaTrader accounts.

eToro offers its own, in-house trading platform, as a web trader, or as a mobile trading app via iOS and Android should you wish to trade on the go. Both of these options are super reliable and easy to use, with the mobile app having almost the same trading features as the web trader, which will suit multi-device clients. As eToro is a social trading specialist, it is no surprise to find the app, is designed to help you maximise the knowledge of the eToro trading community.

This includes a wealth of copy and social trading features such as CopyTrader and Smart Portfolios discussed in the Desktop platforms section along with social sentiment data. While the app lacks sophisticated trading tools, advanced charting only 5 types are available or technical indicators, there are still lots of research tools at your disposal with the focus more on a community approach through social trading.

Just note that only funded accounts have access to analyst research. eToro only offers one main account: a Standard Account, which has no commissions and averages at least 1 pip spreads for Forex pairs.

There is also a swap-free or Islamic account available that complies with Sharia Law. eToro also offers CopyTrader and Smart Portfolios formerly CopyPortfolios , two copy trading platforms. CopyTrader allows you to copy the trades of experienced investors, which will suit retail investors particularly. For professional traders, you can also share your own trading strategies and receive exclusive perks.

SmartPortfolios is like CopyTrader but for portfolio management. The platform groups traders into single funds for copy trading.

This could benefit both self-directed and passive traders looking to diversify or create a portfolio based entirely on one or more CopyPortfolios. The Next Generation platform features over 12, tradeable instruments, quality research and innovative trading tools, ticking all the boxes for the novice or casual trader.

CMC Markets is also a low-cost broker, with measurably lower trading costs compared to the industry, particularly with discounts for active traders. Combining both complexity and a simple user experience makes the app particularly suited for beginners. Choosing this app gives you access to mobile optimised charts with over 25 technical indicators, and 15 drawing tools. The app also allows you to trade directly through the charts.

In addition to charts, you get a customisable dashboard so you can reposition, resize and remove tiles so you can get your preferred layout. The benefit of being a UK resident is you have two account options: a CFD account and a Spread Betting account. Overall, CMC Markets offers consistently low spreads across the board.

Please be aware that there are some other trading costs including market data fees, holding costs, guaranteed stop-loss charges and a monthly inactivity fee. The platform is fast, reliable, and packed with tools and features. These tools include feature-rich charting, with 80 technical indicators and studies, 40 drawing tools, and 60 easily attachable candlestick patterns. You can also use MetaTrader 4, which comes with additional tools and software, including FXBlue, where you can analyse and publish your trading results for better feedback and Autochartist, which can identify chart patterns and is great for technical analysis.

FXCM also offers a range of advanced trading tools and quality market research for further learning. Offering both Trading Station and MetaTrader 4 MT4 , FXCM delivers a reliable, feature-rich mobile experience for forex traders.

If you are a beginner trader, then the FXCM Trading Station app might be a better choice than MT4. This app is built with simplicity in mind, meaning all aspects of the app is self-explanatory. That said, there is a user guide of 11 chapters also included. There are also 3 chart types on 13 timeframes, 60 indicators and drawing tools available and being able to trade directly from your charts greatly enhances the mobile trading experience.

As a bonus, you can integrate Tradingview with your FXCM Trading Station Account for extra charts and analysis. MetaTrader 4 is one of the oldest and most popular trading platforms in the market. Over the years, more and more features have been added meaning you can be sure the platform will deliver. MT4 as it is commonly called has something for all traders.

Beginners will appreciate the level of customisation and intuitive interface, copy trading via MetaTrader signals and automation via expert advisors. Advanced traders will appreciate the advanced analytics and charting capability. Despite having no commissions, the standard account does have slightly wider spreads than your average broker. Thanks to its combined offering of both Trading Station and MetaTrader 4 MT4 , FXCM delivers a reliable, feature-rich mobile experience for forex traders.

Trading Station in particular has a responsive and modern design, one highlight being a powerful charting package called Marketscope 2. In addition, FXCM offers NinjaTrader, ZuluTrade and a whole range of speciality third-party platforms, which are particularly suited for algorithmic trading. The FXCM App store also provides various add-ons, technical indicators, and automated trading robots. This includes 17, financial instruments, including forex, indices, shares, futures, options, spot trading, bonds and even interest rates, for great depth and variety of tradeable products.

The app is particularly noted for its charting layout and features, with 30 technical indicators, 20 drawing tools and 16 selectable time frames. Other notable features include partial fills and points through current, large range of order types and alerts via email, SMS or push notification.

There is also the IG Academy app for education and IG Access for account security which is an added bonus.

One unique feature is the availability of Direct Markets Access for trading forex and stocks. This feature gives you visibility of the order books at the exchanges. You will, however, pay commissions for share CFDs. Provided you meet monthly FX volume requirements, high-volume traders can access DMA Direct Market Access pricing through Forex Direct, with lower average minimum spreads, starting at 0.

Available via the DMA account, the L2 Dealer platform is suited for advanced shares trading, using tiered pricing based on past monthly trading volume while ProRealTime has a leading charting package with great technical chart features.

This mainly applies for non-forex products such as shares though, and more often than not, spreads will be fixed. The broker also has an extensive selection of trading platforms for forex and CFD traders, including great copy trading with competitive mobile offerings.

AvaTrade provides its own proprietary mobile platforms, AvaTradeGO and AvaOptions, as well as the full MetaTrader suite MT4 and MT5 for Android and iOS devices. AvaTradeGo should be your choice if you wish to trade the full range of CFD products AvaTrade has to offer.

IG Markets Has A Great Range of Markets IG Markets has a great range of markets that is comparable with the best brokers, industry-wide. There are also two additional plugins available: AutoChartist and Trading Central to enhance the default MetaTrader desktop platform experience. It is usually easier to trade and make profits with FCA UK forex brokers than unregulated brokers. This is equal to 1 basis point. cookielawinfo-checkbox-others 11 months This cookie is set by GDPR Cookie Consent plugin. E-mail address — optional. com offers expert reviews, user reviews and comments on the web's leading products and services.

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