Top UK ECN Brokers For UK Forex Traders

Find the top UK ECN brokers with the best MetaTrader 4 platform, best NDD execution model, the largest range of currencies and CFDs, most liquidity providers and best spreads below:

  • Pepperstone Pepperstone - Best MetaTrader 4 + 5 ECN Broker
  • fxpro logo FxPro - Best No Dealing Desk Forex Broker
  • axitrader logo Axi - Largest Range Of Currency Pairs + CFDs
  • IG IG - UK Broker With The Most Liquidity Providers
  • Swissquote Swissquote - Best Variable Spread Broker (No Commission)
  • FXCM FXCM - Best ECN Broker Demo Account

Pepperstone
AxiTrader
IG
Swissquote
FXCM
Our Rating
9.33
4.83
6.67
7.83
7.93
74% of retail investor accounts lose money when trading spread bets and CFDs with this provider
73.9% of retail investor accounts lose money when trading CFDs with this provider
71% of retail investor accounts lose money when
trading spread bets and CFDs with this provider
70-80% of retail CFD accounts lose money
66% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
AxiTrader
IG
Swissquote
FXCM
FCA (UK)

Brokerage

Feature
Pepperstone
AxiTrader
IG
Swissquote
FXCM
EUR/USD Avg. Raw Spread
0.17
-
0.17
-
0.30
GBP/USD Avg. Raw Spread
0.59
-
0.59
-
0.90
AUD/USD Avg. Raw Spread
0.24
-
0.3
-
0.40
EUR/USD Standard Spread
0.75
1.2
1.13
1.9
1.3
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.50
$3.50
$3.50
2
$3.00
Minimum Deposit
$0
$0
$450
$1000
$300
Swap Free Account
No Inactivity Fees
Funding Methods
16+
12+
4+
3+
8+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
AxiTrader
IG
Swissquote
FXCM
Currency Pairs
62+
72+
100+
76+
42+
Cryptocurrency CFDs*
12+
11+
12+
26+
7+
Index CFDs
14+
31+
34+
26+
13+
Share CFDs
300+
-
12000+
250+
15+
Commodities CFD
9+
16+
35+
20+
12+
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)
500:1
400:1
222:1
400:1
500:1

*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
Pepperstone
AxiTrader
IG
Swissquote
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
AxiTrader
IG
Swissquote
FXCM
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 > 9.33 FCA, ASIC
CySEC, DFSA
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 4.83 DFSA, FCA
ASIC
- - - 130ms $0 72+ 11+ 30:1 400:1
Visit Broker > 6.67 ASIC, CySEC
FCA,FMA
0.17 0.59 0.3 140ms $450 100+ 12+ 30:1 200:1
Visit Broker > 7.83 FCA, MAS
FINMA, DFCA
- - - 170ms $1000 76+ 26+ 30:1 400:1
Visit Broker > 7.93 ASIC, FSCA
FCA, IIROC
0.30 0.90 0.40 150ms $300 42+ 7+ 30:1 500:1