Trading Forex has never been more popular, access to trading platforms and online tutorials has made it very easy for millions of retails traders to join the market.

This influx of participants to the market has seen a huge growth in brokers becoming available, so much so that it is getting harder to differentiate them. Deciding which broker to open an account with is not easy.

For UK citizens, arguably the most notable thing that should be taken into account when deciding is are the brokers regulated and are they regulated by the UK regulatory board – The Financial Conduct Authority (FCA).

Best Forex Brokers

Every broker is different and whilst people may have their favourites it more often than not will come down to the user and their preference. We have highlighted certain things to look out for that can help you make a decision. The following brokers are some of the most renowned on the market.

BrokerRegulatedFeaturesAverage EUR/USD SpreadMin DepositVisit
Tick
- Award Winning CFD Platform
- Low Commissions
1.00
£100
Tick
- Volatility Protection Tools
- Good Education Section
1.20
£200
Tick
- Excellent Trading Platform
- Good Mobile Trading App
0.90
£0
Tick
- Easy Account Management
- Powerful Charting Tools
1.20
£0
Tick
- Social Trading Platform
- User Friendly Platform
2.00
£200
Tick
- Part of GAIN
- Long Serving Clients
0.69
£100
Tick
- Wide Range of Markets
- Great Phone Support
0.90
£250
Tick
- Guaranteed Stop Loss Orders
- Good Trading Platform
0.70
£100
Tick
- Competitive Prices
- MT4 Available
1.10
£0
Tick
- Highly Regarded Broker
- Pioneer in offering CFDs
0.75
£250

 

How to Choose a Broker

Unfortunately we would always recommend that you research every broker before depositing your hard earned money with them. You want to make sure they are trusted.

The things you should be looking out for and basing a decision on are the following:

  • Trading platform
  • Spreads
  • Leverage
  • Assets
  • Education
  • MT4 platform
  • Trading tools
  • Market news
  • Regulation
  • Welcome bonus
  • Different accounts
  • Automated trading
  • Demo account
  • Execution
  • Stop loss and profit orders

For more information on all of the above, see our brokers page.