Best UK Forex Trading

Best UK Forex Trading Platforms

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

  • Pepperstone – Best UK MetaTrader 4 Broker
  • FxPro – Best MetaTrader 5 Forex Broker In UK
  • Plus500 – Best Forex Trading Platform For Beginners
  • IG – Largest foreign exchange broker in UK
  • City Index – High leverage forex broker
  • CMC Markets – Large range of currency pairs
  • FXCM – Good CFD and forex trading provider
  • eToro – Best Social Trading Platform
  • Interactive Brokers – Best Automated Platform

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.

Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Our Rating
9.17
7.17
5.83
5.46
5.45
79.3% of retail CFD accounts lose money
75% of retail investor accounts lose money when trading CFDs with this provider.
80.5% of retail CFD accounts lose money
75.54% of retail CFD accounts lose money
64% of retail investor accounts lose money when trading CFDs

Regulations and Licenses

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

Brokerage

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
EUR/USD Avg. Raw Spread
0.16
0.37
GBP/USD Avg. Raw Spread
0.4
N/A
1.02
AUD/USD Avg. Raw Spread
0.27
N/A
0.87
EUR/USD Standard Spread
1.16
0.8
1.58
EUR/USD Fixed Spreads
3.0
N/A
1.71
Commissions (USD Base)
GBP £2.29 Side-Trip (MetaTrader)
USD$0.45 (cTrader)
USD $1mil = 0.20% (IBKR)
USD $2mil = 0.20% (IBKR)
USD $5mil = 0.10% (IBKR)
Over USD $5mil = 0.08% (IBKR)
Commission Rebates
Minimum Deposit
GBP £200
USD $200
100
USD $100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
3
6
3
4
4
No Funding Fees

Markets and Instruments

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
Currency Pairs
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 Max. Leverage
30:1
30:1
30:1
30:1
30:1
Professional Leverage
500:1
400:1
300:1
500:1
33:1

Trading Platforms + Tools

Feature
Pepperstone
eToro
Plus500
FxPro
Interactive Brokers
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg 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

Pepperstone
eToro
Plus500
FxPro
Interactive Brokers