UK Forex Brokers With The Highest Leverage

Our list of the best low spread forex brokers is:

  • Pepperstone - Best Broker With High Leverage On MT4
  • IG Group - Largest Range Of Trading Products
  • AvaTrade - Leverage Forex Broker For Day Trading
  • FOREX.com - Great FX Education Resources
  • FXTM - Forex Broker With Great Educational Resources
Other Brokers To Consider
Broker Our Rating Regulation Standard
EUR/USD
Spread
Standard
GBP/USD
Spread
Standard
AUD/USD
Spread
Raw
EUR/USD
Spread
Raw
GBP/USD
Spread
Raw
AUD/USD
Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Read Full Review
98 FCA
CySEC
1.12 1.69 1.22 0.1 0.6 0.3 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
71 FCA
BaFin, CySEC
1.13 1.66 1.01 0.16 0.59 0.29 $6.00 174ms $450 100+ 12+ 30:1 200:1 Visit Site
64 CySEC
CBI, KNF
- - - - - - - 160ms $100 55+ 15+ 30:1 400:1 Visit Site
61 FCA
CySEC, CIRO
1.2 1.6 1.4 - - - $6.00 30 ms (May 2023) $100 80+ 8+ 30:1 400:1 Visit Site
61 FCA
CySEC
1.9 2 2 0.0 0.0 0.5 $2.00 160ms $500 63+ - 30:1 300:1 Visit Site
72 FMA, FSA 1.20 1.4 1.7 0.23 0.72 0.65 $3.00 72ms $0 64+ 11+ 500:1 500:1 Visit Site
85 CySEC 0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
80 CySEC 1.1 1.3 1.3 0.10 0.20 0.20 $3.00 225ms $100 70+ 10+ 30:1 500:1 Visit Site
 

What Are The High Leverage Forex Brokers UK?

Our compare forex brokers UK list focused on general traders, but some traders require higher leverage to execute their trading strategies. We compared the top FCA regulations and overseas brokers to show the options for UK traders looking for high-margin trading facilities.

1. Pepperstone Best Broker With High Leverage On MT4

Pepperstone

Forex Panel Score

98

Average Spread

EUR/USD = 0.1
GBP/USD = 0.4
AUD/USD = 0.2

Trading Platforms

MT4, MT5, cTrader, TradingView, Capitalise.ai

Minimum Deposit

$0

Why We Recommend Pepperstone

In our tests, Pepperstone excels for high leverage. Leverage for Forex pairs adheres to FCA limits: major pairs at 1:30, minor pairs at 1:20 while Eligible pros get 1:500 leverage.

We think Pepperstone shines in trading costs (avg. 0.36 pips for EUR/USD), platforms (MT4, M5, cTrader, TradingView), and customer service. We have also given them top marks for fast MT4 execution with an average of 77ms for limit orders making Pepperstone ideal for scalp trading. Overall we gave Pepperstone a score of 97/100

Pros & Cons

  • Offers 1:30 leverage on majors, 1:500 for professional traders
  • Trade 1,200+ financial instruments
  • Fast execution speeds
  • Lacks digital wallets for funding
  • Limited risk management tools

Broker Details

Pepperstone Offers High Leverage, A Wide Range Of Trading Products, And Competitive Pricing

Founded in Melbourne in 2010, Pepperstone claims over 300,000 active clients and a total trade value of USD 8.9 billion annually. This makes it among the largest online brokers in the world. Forex traders, in particular, prefer Pepperstone for its breadth of product offerings – over 60 currency pairs – including major currency pairs, minor currency pairs, and exotics. They also offer a range of other asset classes to deal in CFDs: commodities, stocks, exchange-traded funds (ETFs), and indices.

best non commission forex account award 2024
Key Strengths

  1. Extensive selection of trading products, particularly forex pairs
  2. Competitive trading fees across account types
  3. Variety of trading platforms suitable for beginner and advanced traders

Leverage Available

The FCA sets retail leverage for UK traders for retail traders, while professional leverage varies. Retail traders can access higher leverage only by using brokers regulated in another region.

Forex Broker Retail Leverage Professional Leverage Regulation
Pepperstone 30:1 500:1 United Kingdom (FCA)
IC Markets 30:1 500:1 United Kingdom (FCA)
Blackbull Markets 500:1 500:1 New Zealand (FMA)
Eightcap 30:1 500:1 United Kingdom (FCA)
Plus500 30:1 300:1 United Kingdom (FCA)
FP Markets 30:1 500:1 United Kingdom (FCA)
CMC Markets 30:1 500:1 United Kingdom (FCA)
eToro 30:1 400:1 United Kingdom (FCA)
AvaTrade 30:1 400:1 United Kingdom (FCA)

Pepperstone Trading Accounts

Pepperstone offers UK forex traders a choice of three accounts:

  • Standard account (MetaTrader 4/5, Capitalise.ai). Standard account holders pay no commission on round-turn trades of standard 100,000 lots, only spread fees. Spreads for this account type is 1.0 pips.
  • Razor account (cTrader and TradingView). Spreads with this account type are tighter than the Standard offering: 0.0 to 0.2 pips. Traders will pay a commission of USD 6.00 for each round-turn trade of a standard lot.
  • Razor account (MetaTrader 4/5, Capitalise.ai). Like its sibling, this Razor account offers low spreads from 0.0 to 0.2 pips but a higher commission of USD 7.00 per round-turn trade of a standard lot.

Given that all Pepperstone accounts offer competitive terms, your preferred trading platform or trading style may be the deciding factor when selecting your account type. For example, if you’re accustomed to MetaTrader and generally place long-term trades, then the Standard account likely best fits your needs.
You can also use Capitalise.ai with this account, a good option to automate your trading.

pepperstone account types products overview uk eu

If your trading strategy requires Depth of Market (DoM) views and the sophisticated trading tools offered by cTrader or the advanced charting of TradingView, a Razor account may be your best bet. Likewise, scalpers and algorithmic traders may find a Razor MetaTrader account’s slightly higher commission costs worth it in exchange for access to the MetaTrader 4 or MetaTrader 5 trading platforms. Capitalise.ai is also available with a Razor MetaTrader account.

New traders can open a demo account, while those ready to go live have no requirement to make a minimum deposit. It is, however, recommended that you deposit at least USD 200 to meet the minimum margin requirements to open a position.

Funding methods include Visa and MasterCard Debit and Credit, PayPal, and bank transfers. An international transfer using a bank transfer will have a small fee and may have fees from the provider’s end. Other than that, Pepperstone doesn’t have any transfer costs.

pepperstone funding method uk

Pepperstone Trading Products

When it comes to available trading products, Pepperstone offers UK retail investors an impressive selection of forex pairs. They also have a respectable collection of other asset classes for diversifying investment portfolios.

Pepperstone Products UK/EU

UK forex traders are spoiled for choice with Pepperstone: the broker offers 7 major pairs, 9 minor pairs, 17 exotics, and 30 cross pairs for a total of 62 currency pairs. For those interested in high-leverage trading (which we assume you are if you’re reading this), Pepperstone account holders can trade major pairs on margin at the maximum rate of 30:1 and minor pairs at 20:1.

When it comes to CFDs, Pepperstone’s available trading products include 25 commodities, 25 indices, 100+ ETFs sourced from 35 countries around the world, and more than 800 shares.

Pepperstone Trading Platforms

While the UK arm of Pepperstone may have a limited variety of trading platforms as its Australian parent, they remain a standout for a selection of trading platforms designed to provide all account holders with a quality trading experience, regardless of experience level.

All of Pepperstone’s trading platforms are available on Windows and Mac OS for desktop, iOS, and Android for mobile and tablets, as well as through the MT4 and MT5 web app, WebTrader.

pepperstone trading platform uk

As a starting point, Pepperstone account holders can select between cTrader and MetaTrader 4 or MetaTrader 5 (depending on account type).

If you opt for MetaTrader 4 or MetaTrader 5, you can access multiple integrations and add-ons designed to enhance almost any trading strategy. These include the Smart Trader suite of Tools, Expert Advisors (EAs), advanced charting, and technical indicators.

If Depth of Market and advanced charting matter most to you, Pepperstone offers the option of cTrader. If you have a Razer (cTrader) account, you can use the same login to access TradingView, where you can trade directly from charts. This platform is powered by cTrader though you don’t need to be using cTrader. You can use TradingView via your browser or their Windows desktop app.

Capitalise.ai is the latest addition to the portfolio of trading platforms Pepperstone offers. With this platform, you can automate your trading without knowing any code. Manual trading is also available should you prefer to use more traditional methods.

Pepperstone has also partnered with DupliTrade and Pelican to allow for social trading and copy trading.

Our Verdict On Pepperstone

Experienced forex traders searching for the best high-leverage forex broker in the United Kingdom cant miss Pepperstone. As explained, they offer the highest leverage available based on FCA regulation and with tight spreads, the fastest execution speed and the best choice of trading software was named the best 2024 UK forex trading platform.

View Pepperstone ReviewVisit Pepperstone

Broker Screenshots

2. IG Group Largest Range Of Trading Products

IG Group

Forex Panel Score

71

Average Spread

EUR/USD = 0.16
GBP/USD = 0.59
AUD/USD = 0.29

Trading Platforms

MT4, IG Trading Platform, L2 Dealer, ProRealTime

Minimum Deposit

$0

Why We Recommend IG Group

IG Group is a solid choice for trading multiple markets as the broker has low spreads (usually with no commissions) on over 17,000 markets. Leverage is the maximum (1:30) set by the FCA if you are a retail trader but is limited to 1:222 for professional Forex traders.

We gave IG Group a score of 81/100, for their product range, trust and trading platforms. Spreads are decent with an average spread of 1.13 pips for EUR/USD, notably lower than the industry average of 1.24 pips.

Pros & Cons

  • 17,000 markets to trade
  • Competitive spreads
  • Decent tools for technical analysis
  • Has a minimum deposit
  • Doesn’t offer the TradingView platform
  • No social trading tools
  • Capped leverage of 1:222 for professional traders

Broker Details

IG Is A High-Leverage Broker With A Wide Array Of Trading Products

For UK brokers searching for a home-grown success story with a global reputation, look no further than IG. Founded in the UK in 1974 as a spread betting business, IG has since expanded to become one of the largest online brokerages in the world, serving more than 290,000 active traders around the world with access to over 17,000 financial instruments.

best finma regulated broker

Key Strengths:

  1. Sophisticated trading platforms backed by years of experience and fine-tuning
  2. Extensive selection of trading products ranging from forex pairs to CFDs to exotic commodities to bonds and treasuries
  3. Sophisticated market analysis and research

IG Trading Accounts

While the majority of IG’s UK customers will qualify for only a CFD account, the broker also offers a direct market access option for licensed professional traders:

  • CFD account. Analogous to the Standard account offered by other international forex brokers, the CFD account uses a market-maker model to ensure that traders always have a partner opposite their trades. Spreads start at 0.6 pips, and traders pay no commissions, save for share CFDs, for which IG charges 0.18%.
  • DMA account. Indeed for professional traders, this account type offers direct market access and operates on a no-dealing desk basis. Spreads begin at 0.1 pips for major currency pairs. Traders using this account type will need to master a complicated, tiered commission structure (see table below). With this system, the more you trade each month, the less you will pay in commissions.

IG Markets Account types for UK and European traders

Unlike other brokers we profiled, IG does charge a funding fee depending on your preferred method: 1% for Visa or PayPal and 0.5% for MasterCard credit card payments.

Both the CFD and DMA accounts require a minimum deposit of £ 250 to begin trading. However, novices can experiment with a demo account before going live to test features and explore the trading experience.

IG Trading Products

Simply put, IG tops the list of high-leverage UK forex brokers regarding available asset classes. Its forex offering alone exceeds 100 pairs and includes virtually every other trading instrument permitted by the FCA.

ig markets trading products uk

Account holders can choose from over 100 hard and soft commodities, as well as energies; more than 2,000 ETFs, 80 indices; 13,000 options and 13,000 stocks. IG allows for direct investing or trading in CFDs.

Pro traders also have access to 15 cryptocurrencies for direct investment.

IG Trading Platforms

Like its near-neighbour, Forex.com, IG has invested considerable resources in developing its own trading platforms, which the broker has optimised for web and mobile use, as well as a tablet option.

What are among the most popular features IG baked into its platform? Guaranteed stop-loss orders to mitigate risk, as well as partial fills and point-through execution for guaranteed pricing. The platform also boasts execution speeds of 0.014 ms, comparable to other major trading platforms.

ig markets trading platforms aus

For those who prefer third-party platforms, IG allows account holders to trade using MetaTrader 4, L2 Dealer, and ProRealtime. Advanced share traders will appreciate the direct market access option for shares afforded by L2 Dealer, while those who trade from charts may fare best with ProRealTime, which can operate as a standalone platform or as an integration.

Our Verdict On IG

With an impressive array of trading products and a truly global liquidity reach, it’s hard to find fault with this high-leverage broker. The allegiance to its own trading platforms at the expense of more forex-friendly options, however, edged it out of the top spot.

Broker Screenshots

3. AvaTrade Great High-Leverage Forex Broker For Day Trading

AvaTrade

Forex Panel Score

64

Average Spread

EUR/USD = 0.9
GBP/USD = 1.5
AUD/USD = 1.1

Trading Platforms

MT4, MT5, AvaTradeGo, AvaOptions

Minimum Deposit

$100

Why We Recommend AvaTrade

We appreciate AvaTrade’s fixed spreads, starting at 0.9 pips on EUR/USD, ensuring predictable day trading costs. This beats average spreads from variable spread brokers like FXCM, preventing unexpected price spikes.

AvaTrade’s unique risk management tool, AvaProtect, is especially helpful for a novice like me. For a fee, it shields my position from 100% of losses within a chosen timeframe, accessible through AvaTradeGo or AvaOptions mobile apps.

Pros & Cons

  • Low fixed spreads
  • Good selection of trading tools
  • Unique risk management tool (AvaProtect)
  • No RAW spread pricing options
  • Has inactivity fees
  • AvaProtect is not available on MT4
  • Leverage is limited to 1:400 for professional traders

Broker Details

AvaTrade Offers Fixed Spread, No Commission Trades, And Powerful Risk Protection Tools

One of the oldest and best-known online brokerages catering to retail investors trading CFDs and forex, AvaTrade has almost two decades of experience. Based in Dublin, this AVA Group subsidiary has grown from a single office in 2006 to a multinational operation with a physical presence in four key jurisdictions, multiple Tier-1 licenses, and an impressive offering of financial instruments to trade.

lowest fixed spread broker award 2024

Key Strengths:

  1. Powerful risk management tools, including AvaProtect
  2. Excellent educational tools and support for beginner traders
  3. Wide variety of trading platforms and integrations

Among the UK forex brokers we reviewed, AvaTrade takes a novel approach: one account type to rule them all. You’ll use a Retail account unless you qualify as a Professional Trader per UK regulations.

avatrade account type uk

Because AvaTrade acts as a market-maker, account holders pay no commission on trades regardless of size. That said, the broker will sit on the opposite side of some trades and the fixed minimum spread of 0.9 pips may not appeal to some active traders.

AvaTrade stands out from other high-leverage brokers regarding investor protection – an essential feature in exploring high-risk trading strategies. AvaProtect, a unique risk management tool, allows traders to “insure” specific trades for up to USD 1 million for a set period, during which the broker promises to reimburse any losses into the trading account. However, this tool is only available to account holders trading via the AvaTradeGO mobile app. Like all FCA-regulated brokers, AvaTrade offers negative balance protection.

You can open a demo account if you want to pilot AvaTrade before committing. It can go live after a minimum deposit of USD 100.

AvaTrade Trading Products

In keeping with its status as one of the best-regulated forex brokers, AvaTrade offers account holders access to a full range of financial instruments, from forex to CFDs to cryptocurrency.

vatrade trading products

AvaTrade’s available trading products range from 55 forex pairs, including major, minor, and exotic pairs; 59 ETFs, 44 options, and 33 indices. Following FCA regulations, leverage for major currency pairs is capped at 30:1  and 20:1 for minor pairs. AvaTrade also allows trading in 27 commodities.

AvaTrade account holders in the UK have the option to invest directly in over 16 cryptocurrencies and one cryptocurrency index. However, trading in crypto CFDs is prohibited under FCA regulations. You would need to view a forex broker comparison area outside of the UK if this is what you want to trade.

AvaTrade Trading Platforms

AvaTrade’s entire range of trading platforms can be accessed in multiple formats, including Windows/Mac OS for desktop, iOS/Android for mobile and tablets, and the MT4/MT5 WebTrader web app.

avatrade trading platfroms overview

With the most trading platform options of any FCA-regulated UK forex broker we reviewed, AvaTrade has something for every trading style, experience level, or strategy. Along with the popular MetaTrader 4 and MetaTrader 5 platforms, AvaTrade account holders can access a comprehensive collection of apps and integrations, including AvaOptions for options trading and VPS hosting.

For social traders, AvaTrade includes a Zulutrade add-on, as well as its own AvaSocial tool and a Duplitrade integration for copy trading with MetaTrader 4.

Our Verdict On AvaTrade

AvaTrade’s combination of powerful risk protection tools, comprehensive educational resources, and easy-to-understand account structure make it an ideal choice for novice traders who want the option to explore high-leverage trading as their skills increase.

Broker Screenshots

4. FOREX.com Top Broker With Solid All-Around Offering

FOREX.com

Forex Panel Score

61

Average Spread

EUR/USD = 0.8
GBP/USD = 0.8
AUD/USD = 1.7

Trading Platforms

MT4, MT5, FOREX.com Trading Platform

Minimum Deposit

$100

Why We Recommend FOREX.com

FOREX.com, as our evaluated broker, scored 60/100 in our assessment. We found its trading platforms and educational resources to be strong, contributing to a positive overall trading experience. However, the limited product range, offering fewer than 500 markets, influenced our rating.

In our tests, Forex.com presented a competitive average spread of 1.2 pips on EUR/USD, slightly below the industry average. While it may not cater to those seeking an extensive market selection, we acknowledge its appeal for traders valuing robust platforms and educational support.

Pros & Cons

  • Decent choice of platforms
  • Large selection of forex pairs (80+)
  • Good variety of gold and silver crosses
  • No MT5 platform
  • Has a minimum deposit requirement
  • Customer service isn’t always available
  • Max. leverage of 1:400 for pro traders

Broker Details

FOREX.com Has A DMA Account, Competitive Trading Fees, And Extensive Analysis Tools

While New Jersey-based FOREX.com has offered retail investment services to Americans since 2001, it’s a comparative newcomer to the international scene. This high-leverage forex broker received its FCA licence in 2009 and has been touting its “gold standard” trading experience to UK forex traders ever since.

best direct market access account award

Key Strengths:

  1. Competitive trading fees backed by deep liquidity and DMA for professionals
  2. Excellent range of forex pairs, as well as other financial instruments
  3. Extensive technical analysis tools suitable for experienced traders

FOREX.com Trading Accounts

FOREX.com has two account options for UK traders, each geared towards a specific investor type.

  • Standard account. This market-maker-style account has no commission costs on round-turn trades of standard lots. Spreads are from 0.8 pips but require using one of the FOREX.com trading platforms. Benefits with this account mean access to extra features FOREX.com offers, such as Guaranteed-Stop Loss, trading signals, trading central, and ‘chasing returns’.
  • MT4 Account. This account is the same as the Standard Account but works with the MetaTrader 4 trading platform. While you can access features on Trading Central, you won’t get the other features found with the Standard Account.
  • DMA account. One of only two high-leverage forex brokers with a Direct Market Access account type, FOREX.com pulls no punches. Professional investors will need to make a minimum deposit of £250,000 and can expect to pay a commission of USD 60.00 per USD 1 million on any round-turn trades.

Forex Account Types UK

For anyone interested in forex trading but still needs to get ready to go pro – or even live – FOREX.com has a demo account option.

FOREX.com Trading Products

UK forex traders can’t do much better than FOREX.com regarding currency pairs – the broker claims over 90 major, minor, and exotic combinations, all of which are available for spread betting.

forex.com trading products

In addition to its extensive forex offering, FOREX.com’s available financial instruments include more than 4,500 stocks, 17 indices, and a full range of hard and soft commodities – 26 total.

FOREX.com Trading Platforms

Be aware that a commitment to FOREX.com may entail a commitment to the broker’s proprietary trading platforms. While the option to trade using MetaTrader 4 exists, FOREX.com would much prefer you use its desktop, mobile, or web apps.

FOREX.com Trading Platforms

That said, FOREX.com does allow for integrations with multiple award-winning tools and integrations to ensure that account holders don’t want to analyse. Popular add-ons include TradingView for advanced charting, Trading Central, and Smart Signals.

Our Verdict On FOREX.com

While the broker may come off as slightly possessive with its limited trading platform options, it compensates with an awe-inspiring range of forex pairs. It is the only direct market access account of any high-leverage UK broker.

5. FXTM Forex Broker With Great Educational Resources

FXTM

Forex Panel Score

62

Average Spread

EUR/USD = 0
GBP/USD = 0
AUD/USD = 0.5

Trading Platforms

MT4, MT5

Minimum Deposit

$10

Why We Recommend FXTM

FXTM is a broker we scored highly, rating 60/100 with top marks in trading education resources and trading platform tools. Although brokers aren’t the best place to learn how to trade, we did like FXTM’s education area. These resources are packed with content that covers the fundamentals and how to create your trading strategy.

In addition to the educational resources, we rated the broker highly for their MT4 trading tools, which include “Pivot SR Levels” – a handy tool if you trade price action.

Pros & Cons

  • Great education resources
  • Offers micro lot trading
  • Tight average spreads from 0.0 pips
  • Micro account limited to forex and metals
  • Has a minimum deposit
  • Withdrawal fees

Broker Details

FXTM Offers Great Educational And Market Research Tools

If you’re new to trading forex or trade mainly casually, FXTM may be the best broker for your needs. This forex and CFD broker is among the only ones we reviewed to offer micro accounts, a low minimum deposit, and a straightforward account setup process to make it easy to start trading.

highest leverage broker

Key Strengths:

  1. Excellent educational and market research tools
  2. Wide range of account types suitable for traders experimenting with different strategies and financial instruments
  3. Award-winning trading experience across web, mobile, and other platforms

In addition to the UK’s Financial Conduct Authority, this high-leverage forex broker also holds licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority of Mauritius.

FXTM Trading Accounts

FXTM clients can choose from between three different account types, all of which offer an ECN-like trading experience with straight-through processing (STP):

  • Micro account. This no-dealing desk account is ideal for forex traders trading micro lots of less than 100,000 units. Spreads start at 1.9 pips for this commission-free account.
  • Advantage account. With tight spreads that start at 0.0 pips and a wider variety of trading products, this account type may better suit those prepared to invest more seriously in forex markets. Commissions range from USD 0.4 to 2.00, depending on trading volume.
  • Advantage Plus account. Best-suited to those looking for the features of a standard-type account, FXTM’s Advantage Plus uses a commission-free fee structure, meaning traders pay on the spread fees. Spreads for this account type start at 1.5 pips.

fxtm account type uk

Similar to the Pepperstone reviewed above, FXTM matches specific trading platforms to account types. Micro account holders should be familiar with or prepared to learn MetaTrader 4. At the same time, those interested in trading stocks and stock CFDs will need access to MetaTrader 5 and an Advantage or Advantage Plus account.

All FXTM account types offer limited rebates depending on trading activity, negative balance protection (per FCA regulations), and automated trading. Advantage and Advantage Plus account holders can also scalp and hedge.

Beginning traders can test the waters with a free FXTM demo account. However, those interested in active trading will need to make a minimum deposit ranging from USD 10 to USD 500, depending on account type.

FXTM Trading Products

What FXTM may lack in variety when it comes to trading products, it makes up for in leverage. Unlike other UK forex brokers we reviewed, FXTM offers margin rates of 30:1 for major and minor forex pairs, and 20:1 for gold.

fxtm trading products uk

In addition to forex and precious metals, FXTM Advantage and Advantage Plus account holders can invest in 11 indices, 175 stocks, and three energy commodities.

This broker does not offer cryptocurrencies or crypto CFDs to UK customers, and those with Micro accounts are limited to trading forex and commodities.

FXTM Trading Platforms

FXTM prides itself on being a ‘client-centred’ broker and has gone to considerable trouble to ensure that customers can access the forex markets anytime, anywhere. In addition to the FXTM Trader mobile app, the broker offers account holders access to MetaTrader 4 and MetaTrader 5 via desktop, WebTrader, and tablet formats across iOS, Windows, and Android operating systems.

FXTM Trading Platforms

This top forex broker has taken a ‘don’t fix what’s not broken approach’ regarding platforms. Rather than developing a proprietary trading platform, FXTM focuses on providing traders access to the technical analysis, charting, and risk management tools they need via custom integrations. FTXM trading signals, for example, support social trading, with the FXTM Trading Toolbox offering access to more advanced charting options.

Our Verdict On FXTM

While more limited in scope than other FCA-regulated forex brokers, FXTM deserves a second look in our view for its high leverage and unique account types suited for casual or hobby traders.

6. BlackBull Markets Top Broker With High Leverage

BlackBull Markets

Forex Panel Score

72

Average Spread

EUR/USD = 0.23
GBP/USD = 0.72
AUD/USD = 0.65

Trading Platforms

MT4, MT5, TradingView, Blackbull Trade

Minimum Deposit

$0

Why We Recommend BlackBull Markets

BlackBull Markets is an excellent broker if you want access to 1:500 leverage, the highest available on major currency pairs. The broker can offer this as the FCA does not regulate it, but other top regulators do, so it’s still safe.

What impressed me the most was that the execution time on trades was the fastest I’ve tested; we recorded 72ms on MetaTrader 4. Considering the industry average we captured was 129ms, this far superior speed can reduce the chances of price slippage.

Pros & Cons

  • Offers the highest leverage – 1:500
  • Excellent execution speeds from 72ms
  • Good choice of trading products
  • Not regulated by FCA
  • High minimum deposits
  • Withdrawal fees

Broker Details

Non-FCA-Regulated High-Leverage Forex Brokers

Be aware that British citizens can only trade forex via an FCA-regulated broker – no matter where they reside. (The previous section of this article includes comprehensive reviews of FCA-licensed brokers with high leverage that may fit your needs and trading budget.) If, however, you’re an international trader living in the UK, you can open an account with one of the below high-leverage brokers licensed by a regulator in another jurisdiction.

When signing up with the broker, you will want to sign with a broker (or a broker’s subsidiary) that uses a regulator with more relaxed leverage rules. Brokers (or their subsidiaries) based in countries such as Bahamas, Belize, Mauritius, Seychelles, Vanuatu, and even New Zealand and South Africa are examples of countries for you to consider since they have a financial regulator that allows high leverage. You will want to avoid brokers (and subsidiaries) based in countries like Australia, Singapore, the UAE, Canada, and all members of the European unions since leverage is limited for regulatory reasons (much like with the FCA).

Blackbull Markets Offers High Leverage Coupled With Fast Execution Speeds

Auckland-based BlackBull Markets has only been on the scene since 2014 and may not be as well known as other brokers we profiled. Still, its emphasis on innovation in trading technology coupled with high leverage makes it a compelling presence in the trading landscape. Ultra-fast execution speeds mean BlackBull’s 20,000 active clients enjoy an authentic ECN-style experience and ultra-high leverage – margins touch 500:1.

Key Strengths

  1. Leverage of up to 500:1 for certain products – the highest of any Tier-1-regulated broker
  2. A proprietary trade-order aggregation software that reduces execution time
  3. STP-style execution for fast order placement

BlackBull Markets has two entities. One is based in New Zealand, which is regulated by the Financial Markets Authority (FMA) and the second is based in Seychelles. This entity holds a license from the Financial Services Authority (FSA) of Seychelles. When signing up with Blackbull Markets, you can choose either entity since both allow leverage up to 500:1.

BlackBull Markets Trading Accounts

Similar to other high-leverage forex brokers, BlackBull Markets offers a range of account types designed to suit a variety of trading needs:

  • ECN Standard account. As the name suggests, this commission-free account offers an ECN-like trading experience with straight-through processing and variable spreads starting at 0.8 pips.
  • ECN Prime account. In exchange for a commission of £ 4.50 on round-turn trades of standard lots, ECN Prime account holders enjoy tight spreads starting at 0.0 pips and the same ECN-like trading experience.
  • ECN Institutional. Designed for professional traders and institutional investors, this account type operates on a negotiable commission basis. Spreads start at 0.0 pips. BlackBull allows these investors to execute trades via four Equinix servers located in key financial markets: New York, Shanghai, Tokyo, and London.

blackbull markets account types uk

BlackBull offers an Islamic or ‘swap-free’ trading account for British forex traders living in majority-Muslim countries.

All BlackBull Markets account types support scalping, hedging, and automated trading. Traders can also use stop loss and take profit order types to protect their investments and limit losses.

BlackBull Markets requires a USD 50.00 deposit to open an account and offers all forex traders an ECN-like, no-dealing desk trading experience, regardless of account type. Demo accounts are available on a 30-day basis, at which point traders can convert to a live account.

BlackBull Markets Trading Products

BlackBull Markets account holders have access to some of the highest leverage rates in the world: up to 500:1 for the 64 forex pairs on offer. Just note that the more equity you have in your trading account, the lower the maximum leverage available.

Blackbull Products

In addition to its major, minor, and exotic currency pairs, this high-leverage broker supports CFD trading in the commodities markets and stocks, shares, and indices. Cryptocurrencies, including Bitcoin, are available for direct investment and corresponding CFDs.

BlackBull Markets does not support spread betting but can accommodate scalping, hedging, and automated trading styles.

BlackBull Markets Trading Platforms

In keeping with its commitment to innovations in trading technologies, BlackBull Markets offers account holders multiple ways to trade. In addition to the BlackBull Shares mobile app, account holders can trade forex, CFDs, and shares with MetaTrader 4 and MetaTrader 5 via desktop, WebTrader web app, or mobile.

blackbull markets trading platfroms

Social traders can choose between HokoCloud and ZuluTrade solutions and a MyFxBook integration for MetaTrader4 and MetaTrader 5. BlackBull Markets also offers VPS and API trading integrations for even faster execution speeds, regardless of platform.

Our Verdict On BlackBull Markets

For traders authorised to open an account with a non-FCA-regulated broker, BlackBull Markets offers an attractive combination of high leverage and fast execution speeds.

7. IC Markets Great Forex Broker With MetaTrader 5

IC Markets

Forex Panel Score

85

Average Spread

EUR/USD = 0.02
GBP/USD = 0.23
AUD/USD = 0.17

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$200

Why We Recommend IC Markets

IC Markets is one of our top-rated brokers, scoring 84/100 with excellent execution speeds, tight spreads, and a decent choice of markets. In our tests, the broker offers a tight average spread of 0.32 pips on EUR/USD with their RAW account, better than the industry average of 0.49 pips.

We also liked the result of our tests showing the broker has zero-pip spreads were available 97.83% of the time. This is great if you’re a scalper, as the Depth of Market feature on MT5 allows for faster trades and seeing market orders.

Pros & Cons

  • Leverage of 1:500
  • Low trading costs
  • Choice of MetaTrader or cTrader platforms
  • No fees for depositing or withdrawing
  • No TradingView platform
  • Different commissions for MetaTrader and cTrader
  • Lacks market analysis resources

Broker Details

IC Markets Provides Higher Margin Limits And Affordable Pricing

Since its founding in 2007, Sydney-based IC Markets has grown to become one of the largest forex brokers in the world. IC Markets is a no-dealing desk broker offering commission-free, spread-only trading or commission-based pricing. This international high-leverage broker has access to deep liquidity, sourcing its prices from over 25 liquidity providers worldwide to provide traders with the best rates.

best range of trading platform awards

Key Strengths

  1. Access to deep liquidity means excellent rates and low trading costs
  2. Variety of trading platforms and tools
  3. Award-winning customer support

When signing up with IC Markets, to get leverage of up to 500:1, you will want to sign up with the broker’s subsidiary in Seychelles. The Financial Services Authority of Seychelles regulates this entity with License number: SD018.

IC Markets Trading Accounts

IC Markets clients have the option to select from three account types and two pricing structures, depending on their preferred trading platform:

  • Standard account. This commission-free account type offers institutional-grade spreads with no markups starting from 0.6 pips.
  • Raw Spread account (MetaTrader). Tight spreads start from as low as 0.0 pips for major currency pairs like EUR/USD. Traders using a GBP-based account pay a commission of £ 5.00 on round-turn trades of 100,000 lots. It’s an excellent choice for algorithmic traders and scalpers who trade frequently.
  • Raw Spread account (cTrader). With similarly tight spreads and a flat commission of USD 3.00 for all round-turn trades of standard lots, the Raw Spread account with cTrader has competitive pricing. It may better meet the needs of traders seeking access to extra analytical tools.

ic markets account type uk

While most brokers’ customer support teams cover only the Monday to Friday trading week, IC Markets’ account holders can access live assistance 24 hours a day, seven days a week. Since forex markets operate around the clock, on-demand help can sometimes mean the difference between large profits and huge losses. Traders can contact support personnel – all traders themselves – over live chat, email and by toll-free phone call.

New traders and those unfamiliar with IC Markets can get to know this high-leverage forex broker with a demo account. For anyone wishing to convert to a live account, a minimum deposit equivalent to USD 200 in a currency supported by IC Markets is recommended.

IC Markets Trading Products

As an international online broker catering to retail investors of all stripes, IC Markets can provide traders with a comprehensive selection of assets, financial instruments to invest in, and related CFDs.

ic markets products international

In addition to 61 currency pairs, IC Markets account holders can trade commodities, indices, stocks, cryptocurrencies, and bonds (sometimes called treasuries).

One unique asset class not offered by other top forex brokers? IC Markets provides access to four futures, including ICE Dollar Index Futures, CBOE VIX Index Futures, Brent Crude Oil Futures, and WTI Crude Oil Futures.

IC Markets Trading Platforms

While IC Markets doesn’t (yet) offer account holders the option to trade via a home-grown platform, it does provide access to its preferred platforms – MetaTrader 4, MetaTrader 5, and cTrader – across all devices and operating systems.

Whether you trade on a desktop client terminal, the WebTrader web app, or your Android or iOS mobile, IC Markets has a solution.

ic-markets-trading-platforms

In addition to MetaTrader 4 and MetaTrader 5, traders committed to a social trading or copy trading strategy can execute orders on ZuluTrade as a stand-alone platform. For those who prefer to trade on MetaTrader platforms, IC Markets offers MyFxBook and MetaTrader Signals integrations.

Other useful tools and integrations available to IC Markets account holders include Autochartist for advanced charting; VPS hosting; API trading; and multi-user account management.

Our Verdict On IC Markets

For beginners ready to transition to trading on margin or intermediate traders searching for higher margin limits, IC Markets provides a compelling blend of global reputation, solid customer support, and affordable pricing.

8. FP Markets Good Forex Broker For Scalping

FP Markets

Forex Panel Score

80

Average Spread

EUR/USD = 0.1
GBP/USD = 0.2
AUD/USD = 0.1

Trading Platforms

MT4, MT5

Minimum Deposit

$100

Why We Recommend FP Markets

We consider FP Markets an excellent choice for scalping, earning a 79/100 score in our tests, primarily due to low trading costs and an extensive market range.

Notably, they offer zero spreads on major currency pairs, consistently observed at 97.83% in our tests. We also like their low spreads which average remains a mere 0.1 pips on EUR/USD making it ideal for cost-conscious scalpers.

With over 11,000 markets, it provides abundant options for making numerous small, quick trades without significant losses to spreads.

Pros & Cons

  • Leverage of 1:500
  • Low trading costs with the RAW account
  • Easy account opening and funding
  • Wide choice of markets
  • Time-limited demo accounts
  • Basic mobile trading app
  • Limited market research resources

Broker Details

FP Markets Offers High Leverage And A Solid Collection Of Trading Products

While not the most sophisticated option, Australian broker FP Markets can claim competitive trading costs and a solid range of asset classes for trading, including major and minor currency pairs, and other financial instruments for CFD trading.

best no dealing desk broker award 2024

Key Strengths

  1. Competitive trading fees
  2. High-quality educational resources for beginners
  3. Easy account opening and funding options, including credit card and electronic payment services

To get leverage higher than 30:1 (permitted by FCA), you must sign with the FP Markets entity based in Saint Vincent and the Grenadines.

FP Markets Trading Accounts

Like many of the best forex brokers, FP Markets provides account holders with two options. The Standard and Raw account types include ECN-style pricing via an STP trading environment and operate on a no-dealing desk model.

Standard account. This commission-free account requires traders to pay only spread fees for round-turn trades of a standard lot. Note, however, that variable spreads start at 1.0 pips.

Raw account. Variable spreads are tighter with the raw account – some currency pairs get as tight as 0.0 pips – but the broker charges a commission of £ 4.50 for round-turn trades of standard lots.

All FP Markets accounts operate on a no-dealing desk model with STP for fast execution speeds. Likewise, scalping, hedging, and automated trading styles are all permitted.

FP Markets allows traders still learning the ropes to practise executing orders or test a trading strategy via a demo account. To begin live trading with this high-leverage broker, demo account holders need only make a minimum deposit of £ 50.00.

FP Markets Trading Products

Though not as varied as other high-leverage forex brokers, FP Markets claims a solid collection of trading products.

FP Markets Products

Forex traders can choose from more than 60 currency pairs, ranging from major pairs like EUR/USD, AUD/USD, USD/GBP, and USD/CHF to minors and exotics. In addition to forex, FP Markets account holders can trade in CFD derivatives.

However, FP Markets does stand out for a strong stock CFD selection, including 46 ETFs and two bonds. (Note, however, that bond CFDs and ETF CFDs aren’t available.)

Finally, FP Markets account holders can trade 19 indices, four cryptocurrencies, four energy commodities, and two metals.

FP Markets Trading Platforms

If you’ve heard of it, you can probably trade on it with this broker. FP Markets goes more than the extra mile when it comes to available trading platforms, add-ons, and tools. Each and every one of the broker’s trading platform options comes in web, mobile app, and desktop formats, no matter what your operating system.

FP Markets Trading Platforms

The broker’s home-grown mobile app, FP Markets Mobile, is a user favourite for its straightforward interface. Still, account holders can also trade on the popular MetaTrader 4 or MetaTrader 5 platforms.

Traders using a social or copy trading strategy can use MyFxBook integrations for MetaTrader and FP Markets’ social trading app, compatible with the broker’s proprietary mobile app.

Finally, account holders enjoy access to advanced trading tools like Autochartist, API trading, VPS hosting and a multi-account manager.