5 Best Forex Brokers in the UK

Overview

To trade in the forex market, UK traders will need a reputable and regulated broker. Several global brokers accept forex traders from UK, and these are the best 5 to choose from.

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XM

Features

Established in 2009, XM is a well-regulated forex broker that offers comprehensive trading solutions and access to the forex market to more than 2.5 million registered traders.

XM offers a wide range of tradable financial instruments including several majors, minor, and exotic currency pairs, a range of educational resources, and several other solutions to UK traders.

Pros and Cons

Pros Cons
Competitive trading conditions offered Fixed spread accounts not offered
Negative balance protection offered  
Access to a range of financial markets  

 

IC Markets

Features

IC Markets has been in operation since 2007 and it is known as one of the best international brokers that offers UK traders access to a range of financial markets spread across several asset classes including forex, commodities, stocks, indices, and more.

IC Markets not only offers comprehensive trading conditions to retail traders, but also offers access to powerful forex trading platforms, educational resources, and competitive minimum deposits.

Pros and Cons

Pros Cons
True ECN model Fixed spreads not offered
Well-regulated  
Low fees, tight spreads, fast trade execution  

 

HotForex

Features

HotForex is a well-known and trusted forex broker that offers UK investors and traders access to a range of international markets by offering a variety of tradable financial instruments.

Not only do UK traders have access to trading forex, but they also have access to comprehensive solutions such as demo accounts, a wide range of trading services, retail investor accounts, mobile trading solutions, and excellent customer service.

Pros and Cons

Pros Cons
Competitive trading conditions Some additional fees may apply such as an inactivity fee
Well-regulated  
Accepts UK Customers  
Range of educational materials offered  

 

IFC Markets

Features

IFC Markets is one of the most reputable offshore brokers in the industry that offers the trade in forex currency pairs and a range of contracts for difference, or CFDs.

IFC Markets offers competitive trading conditions along with low initial investment, a comprehensive trading schedule, and comprehensive solutions to retail traders as well as active traders who trade large volumes at a time.

In addition to offering an advanced proprietary trading platform, UK traders are granted access to MetaTrader 4 and MetaTrader 4 through which trades can be executed seamlessly.

Pros and Cons

Pros Cons
Well-regulated Social trading is not supported
Advanced proprietary trading platform Offshore regulation
Educational materials offered through the education centre Spreads are not the tightest

 

Exness

Features

Exness is one of the most reputable forex trading brokers in the industry that offers UK traders access to the foreign exchange market, amidst several others.

To trade with Exness, UK traders are required to pay low minimum deposits when registering an account, giving them access to competitive trading conditions, adequate maximum leverage, reasonable margin rates, excellent customer support, and negative balance protection applied to retail accounts.

Pros and Cons

Pros Cons
High maximum leverage offered Accounts are not multi-currency
Powerful trading platforms supported  
Strict regulation  
Range of financial instruments  

 

FG Editorial Team
The Founder's Guide Team - Asian Associates with dynamic elements out to make a change.Thank you for visiting our site! If you do have any questions or inquiry, feel free to contact us through our links and please don't forget to follow our social media accounts. It would be our pleasure to help you in any way we can. Always Remember: "Proceed to Succeed". Hoping to hear from you soon!

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