Top UK Forex Trading Platforms For Beginners

The best forex trading platforms in the UK for beginner traders are the following.

  • Pepperstone Pepperstone - Top UK MetaTrader 4 Broker For Beginners
  • eToro eToro - Top Beginner Copy Trading Platform
  • Plus500 Plus500 - Good Risk Management Trading Platform
  • XTB XTB - Best Mobile Trading Platform For Beginners
  • FXCM FXCM - Top UK Trading Platform For Beginners
  • CMC Markets CMC Markets - Best Web Trading Platform
  • fxpro logo FxPro - Best cTrader Trading Platform Broker

Pepperstone
eToro
Plus500
FXCM
CMC Markets
Our Rating
9.33
7.17
5.83
7.93
7.17
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
68% of retail investor accounts lose money when trading CFDs with this provider.
77% of retail CFD accounts lose money
66% of retail investor accounts lose money when trading CFDs with this provider
73% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
eToro
Plus500
FXCM
CMC Markets
FCA (UK)

Brokerage

Feature
Pepperstone
eToro
Plus500
FXCM
CMC Markets
EUR/USD Avg. Raw Spread
0.17
-
-
0.22
-
GBP/USD Avg. Raw Spread
0.59
-
-
0.80
-
AUD/USD Avg. Raw Spread
0.24
-
-
0.40
-
EUR/USD Standard Spread
0.75
3.00
-
-
-
EUR/USD Fixed Spreads
-
-
-
-
-
Commissions (USD Base)
$3.50
-
-
$3.00
-
Minimum Deposit
$0
$200
$100
$300
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16+
11+
3+
8+
6+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
eToro
Plus500
FXCM
CMC Markets
Currency Pairs
62+
49+
71+
42+
338+
Cryptocurrency CFDs*
12+
46+
15+
7+
19+
Index CFDs
14+
13+
67+
13+
46+
Share CFDs
300+
2000+
1816+
15+
9,000+
Commodities CFD
9+
33+
22+
12+
124+
Stockbroking
-
2000+
-
-
9,000+
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
400:1
300:1
500:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
eToro
Plus500
FXCM
CMC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
CopyTrader functionality
for automated trading
Trade cannabis index
Large range of trading platforms
Offers both CFD and Stock trading

Overall

Pepperstone
eToro
Plus500
FXCM
CMC Markets