Best Forex Trading Platform UK Comparison

CFD trading in the UK requires a forex broker regulated by the financial conduct authority (FCA) that has a forex trading platform that can vary from MetaTrader 4 + 5, cTrader to unique forex platforms that offer unique CFDs features for forex traders.

By Justin Grossbard / Updated: Sunday, February 16th, 2020

Best Forex Trading Platform Background

Best Forex Trading Platform UK Forex Brokers

The following forex brokers were considered the best FCA regulated UK forex brokers for each of the following forex platforms:

These awards were based on the spreads, commissions, customer service and features of each forex broker. For a UK forex broker to be eligible they must be FCA regulated with an office within the United Kingdom. A summary of the key strengths of each five forex brokers is shown below.

Broker Reviewed

Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Our Rating
9.17
7.17
5.83
5.46
5.45
71.4% of retail CFD accounts lose money
62% of retail CFD accounts lose money
76.4% of retail CFD accounts lose money
77% of retail CFD accounts lose money
69% of retail CFD accounts lose money

Regulations and Licenses

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
ASIC (Australia)
FCA (UK)

Brokerage

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
No Commission Account Spreads From (EUR/USD):
1.0
3.0
0.6
1.4
Commission Account Spreads From (EUR/USD):
0.0
0.10
0.1
Commission (per 100k traded side trip)
GBP £2.295 Side Trip (MetaTrader)
USD$0.45 (cTrader)
USD $1mil = 0.20% (IBKR)
Minimum Deposit
GBP £200
USD $200
$0
USD $100
$0
Volume Commission Rebates
Has Islamic Account
No Inactivity Fees
Funding Methods
3
6
3
4
4
No Deposit/Withdrawal Fees

Markets and Instruments

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Forex Currency Pairs CFDs
61+
47+
60+
70+
115+
Cryptocurrency CFDs
5+
98+
14+
Index CFDs
14+
13+
67+
24+
26+
Share CFDs
60+
2000+
1816+
150+
1000+
Commodities CFD
15+
12+
17+
10+
Stockbroking
2000+
2000+
Retail Maximum Leverage
30:1
30:1
30:1
30:1
14:1
Professional Maximum Leverage
500:1
400:1
300:1
500:1

Trading Platforms + Tools

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automatic / Robot Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss Order
Guaranteed Negative Balance Protection
Demo Account
Unique Feature 1
Commission rebates for active traders
CopyTrader functionality for automated trading
Trade cannabis index and share CFDs
1,300,000 client accounts
125 Markets, 31 Countries, 22 Currencies
Unique Feature 2
Award Winning Customer Support
Social trading interface across CFDs
Guaranteed stop loss trading option
Choice of CFD or Spreads Betting
Earn interest on idle cash balances automatically

Overall

MetaTrader 4 + MetaTrader 5 Forex Broker = Pepperstone

YouTube video

Pepperstone FX broker strives to offer its customers a trading environment that:

  • Complies with ASIC and FCS regulation standards
  • Equipped with the latest trading technology
  • Fast order execution speed
  • Smart Trader Tool Package
  • MT4 web-based trading platform

The most critical technological characteristic of a forex broker is its trading platform.

Pepperstone took the highest score when it comes to the best MetaTrader 4 foreign exchange brokers. Our team of experts at Compare Forex Brokers has set high standards for making the cut into our best forex trading platform UK list.

Pepperstone offers several benefits including:

Pepperstone Offers Fast Order Execution Speed

Pepperstone platform offers up to 12 times faster order execution speed, obliterating the Forex competition. This automatically translates into low latency forex trading when you submit an order. Pepperstone offers a wide range of markets including:

  • Indices
  • Forex pairs
  • Commodities
  • Precious Metals
  • Energy

 When you trade forex on the MetaTrader 4 or MetaTrader 5, you have an accuracy of order fills and non-existent slippage. To benefit from this exclusive trading environment you only need to make a minimum deposit of $200.

To explore all the benefits that come with trading the foreign exchange market, Pepperstone offers a rich selection of account types.

Pepperstone Australian Currency Trading

Smart Trader Tools Package (available on both MT4 and MT5)

The newly developed Smart Trader Tools allows traders to implement advanced trade management techniques that you can only find through the world’s most powerful trading platforms.

Pepperstone Mt4 Smart Trader Tools

The MT4 Smart Trader Tools is a superior collection of Expert Advisors that includes 28 smart trading Apps:

  • 13 Expert Advisors
  • 15 Unique Technical Indicators

The more sophisticated tools include:

  • An alarm manager
  • Stealth Orders feature for hiding your pending orders from the forex market
  • Professional Trade Terminal that facilitates better trade management
  • Sentiment Trader shows the long-short ratio in all currency pairs

Autochartist

To be able to explore Autochartist tool you need to have a live trading account with Pepperstone. With a Pepperstone Active Trader Account, you can have dedicated customer support that will assist you to find the right tools for your trading needs.Pepperstone South Africa FX broker

Autochartis is a formidable technical analysis software that can help forex traders make more informed trading decisions with:

  • Market Scanners
  • Built-in filters
  • Risk Management tools
  • Pattern recognition tool
  • Etc…

WebTrader Proprietary MT4 web-based Trading Platform

Pepperstone WebTrader is the web-based Trading Platform version of the Metatrader 4 software. You can trade EUR/USD or any other forex pair the same way as you would do it through the MetaTrader 4 software. The Webtrader interface mimics the MT4 terminal interface.

MT4 web-based trading platform

You can enjoy the freedom to trade directly from your browser without the need to install a trading platform on your PC.

Alongside the Pepperstone Webtrader platform, you also have impressive mobile and tablet options for iOS and Android. Our team of experts at Compare Forex Brokers ranks Pepperstone Webtrader the top web-based trading platform.

 Open a demo account >>Visit Pepperstone >>


Our Rating

The overall rating is based on review by our experts

8.83
Spreads
10 / 10
Leverage
10 / 10
Trading Platform
10 / 10
Risk Management
6 / 10
Range of Markets
7 / 10
Customer Service
10 / 10

Forex Trading Platform Guide

The world’s best  Forex trading platform remains the legacy platform MetaTrader 4, also known as the MT4 trading platform. The MT4 user-friendly interface offers an abundant range of technical tools for traders of all skill levels.

The best platform for trading forex and CFDs is the powerful MetaTrader 5. MT5 is a versatile trading platform that caters to every type of traders hosting a wide selection of trading instruments. MT5 is an all-in-one trading software for both Forex and CFDs.

The best platform for trading forex and crypto is the world’s leading social trading platform eToro. The copy trading feature and the user-friendly interface allow eToro to stand out from other forex and crypto trading platforms. You can buy and sell cryptocurrencies through their exclusive and unique eToro Cryptocurrency trading platform.

The most popular trading platform among professional forex traders is the multiple-award-winning cTrader platform. cTrader provides ultra-fast order execution and three types of Depth of Market DOM on a range of currency pairs. The cTrader Automate feature allows programmers to build cBots and custom-made indicators.

The flagship platform MetaTrader 4 developed by MetaQuotes Software continues to empower the FX industry for more than 15 years since the Forex platform has been released. The total number of active brokerage trading firms which offers the MetaTrader 4 is 1,231 entities. At the end of 2018, the MT4 market share stood at 45% obliterating the competition.

Compare Forex BrokersAbout This Comparison

The team at compare forex brokers made the forex broker trading platform UK comparison based on information from the CFD providers websites. Only FCA regulated brokers were considered as part of this UK forex broker review. Most traders are eligible for a retail foreign exchange trading account which has limitations such as leverage.

Only those eligible for professional accounts can receive high leverage which exposes them to the markets more. This increases the risks and it’s strongly recommended to understand that any leveraged product including forex/CFDs is a high-risk product. Retail investor accounts lose more often than they win because CFDs are complex instruments that require a lot of practice to master them. You should understand the risks and consider a demo account before trading with real money.

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