Best Forex Brokers In The UK for 2025
Choosing a reliable, FCA-regulated forex broker is an important step for UK traders in 2025. This guide compares the best platforms on key factors like security, fees, and trading features, making it easier to find the right fit for your needs.
Pepperstone
FX Score: 4.9/5
81.7% of retail CFD accounts lose money.
SpreadEX
FX Score: 4.7/5
65% of retail CFD accounts lose money.
IG
FX Score: 4.4/5
71% of retail CFD accounts lose money.
XTB
FX Score: 4.3/5
73% of retail CFD accounts lose money.
How Do the Top Forex Brokers in the UK Rank?
| Rank | Broker | FCA Regulated | Min. Deposit | Typical EUR/USD Spread | Best For |
|---|---|---|---|---|---|
| 1 | Pepperstone | Yes | £0 | From 0.0 pips + commission | Forex-focused traders |
| 2 | SpreadEX | Yes | £1 | From 0.6 pips | Beginners & intermediates |
| 3 | IG | Yes | £250 | From 0.6 pips | Active traders |
| 4 | XTB | Yes | £0 | From 0.1 pips | Multi-asset trading |
| 5 | CMC Markets | Yes | £0 | From 0.5 pips | Charting & analysis |
| 6 | eToro | Yes | £50 | From 1.0 pips | Social trading |
| 7 | Interactive Brokers | Yes | £0 | From 0.1 pips | Professional traders |
Here are the Best Forex Brokers in the UK...
- Pepperstone – Low spreads, fast execution, forex-focused
- SpreadEX – Simple platform, good for beginners
- IG – Trusted, reliable, advanced tools
- XTB – Broad markets, competitive pricing
- CMC Markets – Strong charting, award-winning platform
- eToro – Social trading, beginner-friendly
- Interactive Brokers – Pro tools, global access, low fees
Interactive Brokers – Pro tools, global access, low fees
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
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What makes Interactive Brokers a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
What Should You Know Before Choosing a Forex Broker?
What does it mean if a broker is FCA-regulated?
What trading platforms do UK brokers offer?
Most UK brokers offer a choice between custom-built platforms and popular tools like MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader. These platforms allow you to place trades, use charting tools, run strategies, and manage your account securely.
What’s the safest way to start forex trading in the UK?
The safest way is to open an account with an FCA-regulated broker, start with a demo account, and practice using virtual money. Once you’re confident, begin trading small amounts, keeping your risk low and only trading what you can afford to lose.
How much money do I need to trade forex in the UK?
FAQs
What is the most suitable forex broker in the UK for beginners?
SpreadEX and XTB are top choices for beginners in 2025. They offer easy-to-use platforms, helpful educational resources, and responsive customer support — perfect for those just starting out.
Which UK forex brokers offer the lowest spreads?
Pepperstone and Interactive Brokers are known for ultra-tight spreads, with raw pricing from 0.0 pips on major pairs. They’re ideal for scalpers and high-frequency traders looking to keep costs down.
Are all forex brokers in the UK FCA regulated?
No, not all brokers are FCA regulated. To ensure your funds are protected and you’re trading legally, always choose a broker listed on the FCA Register.
Can I trade forex in the UK with a small deposit?
Yes, many brokers like XTB and eToro allow you to start trading with as little as £50–£100. It’s a smart way to test the waters without risking too much capital upfront.
References
- Financial Conduct Authority (FCA) – FCA Register
- Statista – “Monthly Forex Trading Volume Worldwide.”
- XTB Official Website – Forex Trading – How to invest in FX CFDs?
- Pepperstone UK – Pepperstone: Forex Broker & CFD Trading Platform
- IG UK – IG: Trade and Invest with the UK’s No.1 Trading Provider
- eToro UK – Stocks & beyond: Invest in 7000+ assets on eToro
- Interactive Brokers UK – International Broker – IBKR
