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
-
-
0.30
-
GBP/USD Avg. Raw Spread
0.59
-
-
0.90
-
AUD/USD Avg. Raw Spread
0.24
-
-
0.40
-
EUR/USD Standard Spread
0.77
3.00
0.80
1.3
0.73
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
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

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

Overall

Pepperstone
eToro
Plus500
FXCM
CMC Markets
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 7.17 ASIC, CySEC
FCA, FSA
- - - 130ms $200 49+ 46+ 30:1 400:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.30 0.90 0.40 150ms $300 42+ 7+ 30:1 500:1
Visit Broker > 7.17 ASIC, MAS
FCA, IIROC
- - - 140 $0 338+ 19+ 30:1 500:1