Best UK Forex Trading Platforms

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

  • Swissquote Swissquote – Trusted Broker With Best Platforms Overall
  • Pepperstone Pepperstone – Top MetaTrader 4 Forex Broker
  • FXCM FXCM – Great Trading Station Charting Software Platform
  • FP Markets FP Markets – Best Good MetaTrader 5 Forex Broker
  • IG IG – Top Software Range Including IG Trading Platform
  • fxpro logo FxPro – Good cTrader Forex Broker In UK
  • Plus500 Plus500 – Top Forex Trading Platform For Beginners
  • eToro eToro – Great Social And Copy Trading 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.

Swissquote
Pepperstone
FXCM
Plus500
FxPro
Our Rating
9.0
9.33
7.93
5.83
7.46
70-80% of retail CFD accounts lose money
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
66% of retail investor accounts lose money when trading CFDs with this provider
77% of retail CFD accounts lose money
76.14% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider

Regulations and Licenses

Feature
Swissquote
Pepperstone
FXCM
Plus500
FxPro
FCA (UK)

Brokerage

Feature
Swissquote
Pepperstone
FXCM
Plus500
FxPro
EUR/USD Avg. Raw Spread
-
0.17
0.22
-
0.34
GBP/USD Avg. Raw Spread
-
0.59
0.80
-
0.43
AUD/USD Avg. Raw Spread
-
0.24
0.40
-
0.81
EUR/USD Standard Spread
1.9
0.75
-
-
1.52
EUR/USD Fixed Spreads
-
-
-
-
1.79
Commissions (USD Base)
2
$3.50
$3.00
-
$4.50
Minimum Deposit
$1000
$0
$300
$100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
3+
16+
8+
3+
4+
No Funding Fees

Markets and Instruments

Feature
Swissquote
Pepperstone
FXCM
Plus500
FxPro
Currency Pairs
76+
62+
42+
71+
69+
Cryptocurrency CFDs*
26+
12+
7+
15+
30+
Index CFDs
26+
14+
13+
67+
24+
Share CFDs
250+
300+
15+
1816+
150+
Commodities CFD
20+
9+
12+
22+
21+
Stockbroking
-
-
-
-
-
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)
400:1
500:1
500:1
300:1
200:1

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

Trading Platforms + Tools

Feature
Swissquote
Pepperstone
FXCM
Plus500
FxPro
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
Tight spread only accounts
Smart Trader Tools
Large range of trading platforms
Trade cannabis index
1,300,000 client accounts

Overall