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Top UK Forex Brokers - FCA Authorised

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, May 8th, 2018

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Trading forex (currencies) in the United Kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by the Financial Conduct Authority (FCA), which is the financial regulatory body in the UK. The FCA's website is FCA.org.uk. We recommend UK residents also follow the FCA on twitter, @TheFCA.

The FCA was formed out of the Financial Services Act of 2012, effectively replacing its predecessor, the Financial Services Authority (FSA). For a historical breakdown, here's a link to Financial Conduct Authority webpage on Wikipedia.

Best UK Forex Brokers List

To find the best forex broker in the UK, we created a list of all FCA authorised brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from the ForexBrokers.com 2018 Review. The result is our top forex brokers list for the UK.

FCA Regulated (UK) Average Spread EUR/USD - StandardMinimum Initial DepositTrust ScoreOverall
IG Yes 0.75£250.0097 5 Stars
Saxo Bank Yes 0.90$2,000.0094 5 Stars
FOREX.com Yes 1.30$250.0092 4.5 Stars
City Index Yes 0.69 £100.0092 4.5 Stars
Swissquote Yes N/A€500.0091 4 Stars
Interactive Brokers Yes N/A$091 4.5 Stars
CMC Markets Yes 0.772$0.0090 4.5 Stars
OANDA Yes 1.40$0.0090 4 Stars
Z.com Trade Yes N/A$5087 3.5 Stars
eToro Yes 3.00$20086 4 Stars
Plus500 Yes 0.60€10083 3 Stars
FxPro Yes 1.20$0.0083 4 Stars
XTB Yes 0.90$250.0083 4 Stars
ADS Securities Yes N/A£10082 4 Stars
ETX Capital Yes 0.95$£10082 4 Stars
Pepperstone Yes 1.16$200.0081 4 Stars
Darwinex Yes N/A$50081 3.5 Stars
FXCM Yes 1.30$0.0080 4.5 Stars
ThinkMarkets Yes N/A$250.0080 4 Stars
LCG Yes 1.60$0.0078 4 Stars
Henyep Yes N/A$10077 3.5 Stars
FXOpen Yes N/A$10076 3.5 Stars
AxiTrader Yes 1.24$0.00 - $100075 3.5 Stars
TickMill Yes N/A$25.0074 3.5 Stars
XM Yes 1.60$10-10071 3.5 Stars
Admiral Markets Yes 1.2020072 4 Stars
WorldWideMarkets Yes 3.00$20.0058 2.5 Stars

How to Verfiy FCA Authorisation

To identify if a forex broker is regulated by the FCA, the first step is to identify the register number from the disclosure text at the bottom of the broker's UK homepage. For example, here's the key disclosure text from IG's website,

Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority."

Next, look up the firm on the FCA website to validate the register number is, in fact, legitimate. Here is the official FCA page for IG Markets Limited.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

IG - 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).