Top 10 Forex Trading Platforms

The top UK forex brokers based on trading software and spreads are.

  • Swissquote Swissquote – Trusted Broker With Great Platforms
  • Pepperstone Pepperstone – Has Best MetaTrader 4 And Other Top Platforms
  • Plus500 Plus500 – Best Forex Trading Platform For Beginners
  • eToro eToro – Best Social Trading Platform In The UK
  • FXCM FXCM – Great Trading Station Software Propriety Platform
  • IG IG – Large Range Of Trading Software
  • fxpro logo FxPro – Best UK Forex Broker Offering The cTrader Software

Swissquote
Pepperstone
FXCM
Plus500
FxPro
Our Rating
7.83
9.33
7.93
5.83
7.46
70-80% of retail CFD accounts lose money
74% 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
77.20% 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
0.30
-
0.51
GBP/USD Avg. Raw Spread
-
0.59
0.90
-
0.66
AUD/USD Avg. Raw Spread
-
0.24
0.40
-
0.63
EUR/USD Standard Spread
1.9
0.75
1.3
0.80
1.24
EUR/USD Fixed Spreads
-
-
-
2.17
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
*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
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

Overall

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 > 7.83 FCA, MAS
FINMA, DFCA
- - - 170ms $1000 76+ 26+ 30:1 400:1
Visit Broker > 9.33 FCA, ASIC
CySEC, DFSA
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.30 0.90 0.40 150ms $300 42+ 7+ 30:1 500:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 7.46 FCA, FSCA
CySEC, SCB
0.51 0.66 0.63 110 $0 69+ 30+ 30:1 200:1

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.