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Top 10 Forex Brokers In The UK

Our list of FCA regulated UK forex brokers are as follows.

  • Pepperstone – Best UK Forex Broker In 2020
  • CMC Markets – Best Spread Betting Broker
  • IG – Good Range Of Forex Trading Platforms
  • City Index – Best Forex Brokers For UK Beginners
  • Plus500 – Top Currency Trading Mobile Platform
  • eToro – Best Copy + Social Trading Broker
  • XTB – Top Demo Account In United Kingdom
  • FxPro – Award-Winning Customer Support
  • Forex.com – Most CFD + Currency Pairs
  • ThinkMarkets – Best Forex Trader Protection

Broker Reviewed

Pepperstone
ThinkMarkets
eToro
IG
City Index
Our Rating
9.17
7.67
7.17
6.67
6.83
78.6% of retail CFD accounts lose money
73.72% of retail investor accounts lose money when trading CFDs
75% of retail CFD accounts lose money
76% of retail CFD accounts lose money
74% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
ThinkMarkets
eToro
IG
City Index
FCA (UK)

Brokerage

Feature
Pepperstone
ThinkMarkets
eToro
IG
City Index
EUR/USD Avg. Raw Spread
0.13
0.1
0.17
GBP/USD Avg. Raw Spread
0.51
0.6
EUR/USD Standard Spread
1.13
1.2
3.0
0.7
0.8
Commissions (USD Base)
GBP £2.29 Side-Trip (MetaTrader)
£2.50 per side
Commission Rebates
Minimum Deposit
GBP £200
£0
USD $200
Swap Free Account
No Inactivity Fees
Funding Methods
3
6
6
4
6
No Funding Fees

Markets and Instruments

Feature
Pepperstone
ThinkMarkets
eToro
IG
City Index
Currency Pairs
61+
38+
47+
80+
84+
Cryptocurrency CFDs
5+
5+
98+
5+
5+
Index CFDs
14+
21+
13+
34+
21+
Share CFDs
60+
1200+
2000+
12000+
4500+
Commodities CFD
15+
10+
12+
38+
29+
Stockbroking
2000+
Retail Max. Leverage
30:1
30:1
30:1
30:1
20:1
Professional Leverage
500:1
500:1
400:1
200:1
400:1

Trading Platforms + Tools

Feature
Pepperstone
ThinkMarkets
eToro
IG
City Index
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
MT4 only
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
Demo Account
Unique Feature 1
Commission rebates for active traders
Guaranteed Negative Protection
CopyTrader functionality for automated trading
Guaranteed stop loss orders
Trade in 4,500 global markets
Unique Feature 2
Award Winning Customer Support
Uptime record of 99.99%
Social trading interface across CFDs
Wide range of CFDs
Wide range of trading platforms
Flexible leverage

Overall