Best UK Forex Trading Platforms

The top UK forex brokers with great forex trading software are.

  • Pepperstone Pepperstone – Best UK MetaTrader 4 Forex Broker
  • FXCM FXCM – Great Trading Station Charting Software Platform
  • FP Markets FP Markets – Best UK MetaTrader 5 Forex Broker
  • IG IG – Top Software Range Including IG Trading Platform
  • FxPro UK FxPro – Best cTrader Forex Broker In UK
  • Plus500 Plus500 – Good Forex Trading Platform For Beginners
  • eToro eToro – Great Social And Copy Trading Platform
  • Markets.com Markets.com – Top Research Tools with Marketsx

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
FXCM
IG
FxPro
etoro
Our Rating
9.17
7.93
6.67
5.46
7.17
78.2% of retail CFD accounts lose money
73% of retail investor accounts lose money when trading CFDs with this provider
70% of retail CFD accounts lose money
76.14% of retail CFD accounts lose money
67% of retail investor accounts lose money when trading CFDs with this provider.

Regulations and Licenses

Feature
Pepperstone
FXCM
IG
FxPro
etoro
ASIC (Australia)
FCA (UK)

Brokerage

Feature
Pepperstone
FXCM
IG
FxPro
etoro
EUR/USD Avg. Raw Spread
0.79
0.2 (Active trader only)
0.85
1.71
GBP/USD Avg. Raw Spread
1.49
0.6 (Active trader only)
1.4
2.4
AUD/USD Avg. Raw Spread
0.87
0.3 (Active trader only)
0.82
3.4
EUR/USD Standard Spread
0.69
1.3
0.86
1.58
EUR/USD Fixed Spreads
1.71
Commissions (USD Base)
GBP £2.29 Side-Trip (MetaTrader)
$3.00 (Active trader only)
USD$0.45 (cTrader)
Commission Rebates
(Active trader only)
Minimum Deposit
GBP £200
$50 depending on payment method) Standard Account
$25,000 Active traders
USD $100
USD$200
Swap Free Account
Yes
No Inactivity Fees
Funding Methods
3
8
4
4
6
No Funding Fees

(wire withdrawals only)

Markets and Instruments

Feature
Pepperstone
FXCM
IG
FxPro
etoro
Currency Pairs
61+
39+
80+
70+
47+
Cryptocurrency CFDs
12
6+
5+
98+
Index CFDs
14+
13+
34+
24+
13+
Share CFDs
300+
15
12000+
150+
2000+
Commodities CFD
15+
9+
38+
10+
12+
Stockbroking
2000+
Retail Max. Leverage
30:1
30:1
30:1
30:1
30:1 (UK/Europe/Australia)
Professional Leverage
500:1
200:1
500:1
400:1

Trading Platforms + Tools

Feature
Pepperstone
FXCM
IG
FxPro
etoro
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
MetaTrader 4 only
Social + Copy Trading

(via Zulu Trade)
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
(Aust/Europe only)
ESMA regulated territories only
Demo Account
Unique Feature 1
Commission rebates for active traders
Large range of trading platforms
Guaranteed stop loss orders
1,300,000 client accounts
CopyTrader functionality
for automated trading
Unique Feature 2
Award Winning Customer Support
Excellent performance and
slippage metrics supplied
Wide range of CFDs
Wide range of trading platforms
Choice of CFD or Spreads Betting
Social trading
CFD Platform

Overall