Best Forex Brokers in the UK 2024

Are you in search of the best Forex brokers in the UK? If yes, then you're fortunate! In this article on AtoZ Markets, we'll discuss the top brokers on the market and help you choose which one is best for you. There are a variety of things to consider when choosing a forex broker, including spreads, fees, platforms along with customer care. We will discuss the various aspects and assist you in making an informed choice. What are you waiting to read? Begin reading about UK forex brokers.

Top UK forex brokers

Regulatory Authorities in the UK

Although Forex brokerages accept clients from many countries, trading conditions and regulatory surveillance can differ in Britain. These particulars apply largely to brokers with FCA certification. How do you choose a uk Forex broker that suits your situation based upon your financial needs? Financial institutions are subject to regulation under FINRA regulations and must be governed by an appropriate regulatory agency. Tier 1 regulators, including the FCA, possess the strongest legal structure as well as enforcement mechanism to guarantee safe markets for the participants and the security of consumers.


Is Forex Trading Legal in UK?

Yes, forex trading is legal in the U.K but only if it's offered by a broker that holds an official regulatory status with the FCA - which will protect you from dealing with any scammers or shady brokers who try to take advantage of innocent newcomers like yourself! Make sure your potential investment firm meets these standards before entering into anything financial; otherwise they could run off with all your money (and leave their victims high & dry). So if you are UK forex traders, you don't have to worry with FCA regulated brokers.

Is forex legal in UK


How Do You Pick A Reliable Broker?

When selecting a Forex broker, be aware of the spreads they provide. Spread is the amount that differs between bid price and asking price of the currency pair. It is crucial to select one with spreads that are tight to help you save money on every trade. Some brokers have accounts with commissions. So make sure to take into consideration all these, when making your selection.

Another crucial aspect to take into consideration is the platform the broker uses. Different brokers provide different platforms and it's important to choose one that meets your requirements. Certain platforms are more targeted towards traders with experience, while some are more accessible and suitable for those who are new to trading. It is equally essential to be sure it is reliable and stable since you do not want the platform to have issues during trading.

Customer service is a crucial aspect to take into consideration when selecting the best forex broker. You should ensure that the broker provides excellent customer service, and preferably 24/5. If you're having any issues or questions it is important to be able to seek assistance quickly and efficiently.

Be sure to examine the charges that different brokers charge. Many brokers charge more spreads, while other brokers have more expensive commission rates. It is essential to choose a broker that gives you the best value for cash.

Which Forex broker should you choose? It's all about your requirements and level of trading experience. Research and compare the various options prior to making your choice. With the many brokers available to select from, you're certain to find the right one to suit your needs!

In this article, we are going to show you our top five picks for the best forex brokers in the United Kingdom.

Now, if you're like me, you want to make sure that you're working with a reputable and reliable broker who can give you the best trading experience possible. So whether you're just starting out or are a seasoned pro, these brokers will have something for everyone. All the brokers I chose are regulated and licensed by FCA. The Financial Conduct Authority is the conduct regulator for financial service firms and financial markets in the UK.

The chronology of broker mention is random. It doesn't mean that 1st one is the best among the 5 and vice versa.


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Best Forex Brokers in the UK

It's not an easy task to choose a Forex broker that is reliable. But don't worry, we have made your job easier by picking best Forex Brokers in the UK for you.

- eToro






eToro is a social trading platform that has been customized for UK traders. The company has 10 million users, and it's easy-to get started thanks to their custom built interface.

etoro logo

image credit: eToro

eToro's powerful trading tools help you find the best traders to copy and trade successfully. eToro is one of the leading social trading platforms. If you are interested in social trading, read our Best Social Trading Platform in the UK 2024 article

eToro Products

They have  49 Currency pairs, 32 Commodities, 13 Indices, 2711 Stocks, 264 EFTs, and 51 Crypto Currencies. They have Tradable Symbols (Total) : 3056

eToro Deposit and Withdrawal

Their Minimum Deposit: $10-$200

eToro doesn't charge for deposits, but withdrawals cost $5. Withdrawals sent in non-USD currencies incur conversion costs.

Except for bank wire, eToro deposits are instant.

And withdrawal time depends on the payment method.

eToro Forex Trading Platforms

They don't have MT4 and MT5 but have Proprietary Platform, Web platform and mobile app.

Is eToro Regulated?

eToro is trustable as regulated by FCA (Financial Conduct Authority).

They are also regulated by Cyprus Securities and Exchange Commission (CySEC), ASIC and FinCEN-registered in the USA.

Spreads and Leverage

Their spreads start from 1 pip. In the UK they provide 1:30 leverage for forex pairs.

eToro Customer Support

They have good customer support through email, phone, call-back service, and live web chat.

If you want to give it a try with eToro, you can use the link  below.

Trade Forex with eToro


Best Forex Brokers in the UK 2024


XM Broker is a reputable forex trading platform in the UK that offers many benefits to its users. Obviously they are regulated by FCA. Along with FCA it's also regulated by CySEC within Cyprus, ASIC in Australia and IFSC in Belize.

XM broker

image credit: XM

We will tell you ins and outs about XM brokers and help make your decision more clear when deciding on whether or not to use them as an investor!

About XM

Established in 2009, XM broker has one of the most affordable CFD fees , and it has lower withdrawal fees too.

Forex Pairs

They have 57 forex pairs, support hedging, scalping, copy trading and have swap free accounts. XM also offers CFDs. If you are also comfortable with CFD trading, read our Best CFD Brokers in the UK 2024 article.

XM Spreads and Commission

The commission rate is 0.04 percent with a minimum of $1. For Standard, Micro, and Ultra-Low accounts, the commission is integrated into the spread. 1.7 pip is the Standard account's spread cost in peak trading times. For XM Zero accounts, there is a $3.5 fee per lot and a minimal spread cost.

Additionally, the broker provides incentives and discounts to new clients. They are appealing when compared with other brokers.

Deposit and Withdrawal

Standard and Micro accounts require a minimum deposit of GPB 5. ZERO accounts require a minimum deposit of GBP 100. Minimum withdrawal amount is the same as the deposit.

It takes them 24 hours to process a withdrawal request.

It is easy to fund the account with a debit card or credit card. Other than this, they have a wide range of deposit and withdrawal options.

XM Trading Platform

They offer the MT4 and MT5 platforms. Their MT4 is compatible with Windows, Mac, Multi-terminal, MT4 Web trader, MT4 for iPhone, iPad, Android phone and Tablets.MT5 also has all the same versions as MT4.

For investors One of the fascinating points to be aware of is the fact that XM broker is available worldwide.

One of the disadvantages I would like to

mention is that if your live account remains inactive for too long, you'll be charged inactivity fees, in case you decide to stop trading, make sure you close the account and then reopen at a later time.

Share your experiences with XM or if you're considering giving it a try, go with a live account or Demo account.

Follow the link below to earn some extra bonuses while you register.


Another best UK forex broker is XTB. With 2100+ instruments and native trading platform xStation 5, XTB is a popular broker.


image credit: XTB

The broker has its own platform which is fast and easy to use due to the fact that the broker is regulated in the FCA it has a limited maximum leverage of 1:30

XTB Instruments

They offer 1849 CFDs on stocks, 138 ETFs, 23 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs. As you can see XTB offers a wide variety of CFD stocks. If you are into stock trading, read our Best Stock Broker in the UK 2024 article.

Spreads and Commission

The average spreads on the EUR/USD stood at 0.91 pip and minimum deposit is £250.

There are no fees for depositing through bank transfer, credit card and debit cards. For the UK Residents they charge a 2% fee for Skrill and 1% for Neteller deposit.

XTB Limited (UK) doesn't charge any fees for withdrawal if the amount is above £60.

Demo account is for a limited time. So if you want you can try multiple demo accounts to test their platform.

For forex trading, they have no commission.

XTB Trading Platforms

Xtb xstation 5

image credit: XTB

Trading Platform: xStation (Web Based, Desktop, Android, iOS, Tablet)

There are a myriad of tools for analysis of technical data available on the platform. You can find 27 drawing tools as well as 37 technical indicators.

XTB Customer Support

Support for customers is available 24 hours a day and If you have any queries, you can reach them through the chat. The platform is brimming with tools for fundamental and technical analysis as well as educational resources.

If you are interested in this broker, you can create an account using the link that is in the below.

Now let's talk about, another FCA regulated broker. was founded in 2016.

image credit: OctaFx

Is Regulated? is a FCA regulated broker along with CySec (Cyprus), ASIC (Australia), and NBRB (Belarus)

Most Forex Pairs is one of the most trusted broker in the forex market.

Among the 138 trading pairs there are oddities like the French / Hong Kong Forint and the French Dollar / South Africa Rand. Although fees can be high with exotic currency pairs, higher volatility means higher opportunities. offers an extensive range of CFDs, including 3600+ shares, 22 Indexes and 22 commodities. Unfortunately doesn't offer any Cryptocurrencies for UK traders. It has over 4,500+ different assets including 138 currency pairs. Trading Platform

They have Proprietary platform (World's first AI-powered trading platform with personalised trading insights), Web trading platform, TradingView, MT4 and mobile apps.

Spreads and Commission

They don't have commissions for forex trading.

Their minimum deposit is £20. But for bank transfer the minimum deposit is £200.

There is no minimum withdrawal amount but for bank transfer it's £50.

They don't have any deposit and withdrawal fee.

They have the following payment methods.'s spreads are always changing, which means you can get the best deal at any time! Educational Resources

When it comes to financial analysis, insights and explainers, has you covered with their wide range of services provided on the website's dedicated section for all things related to money in your life!

Their customer support is very good. You can reach out by web chat, WhatsApp, Viber, Messenger, Telegram, phone call and email as well.

If you want to trade with, click the link below to open an account with them.

Now let's come to our last broker is another best forex broker in UK. logo

image credit:


With the goal of creating an easier way to trade and invest in financial markets, was born out of this need for transparency across all borders back in 2008! Their parent company is listed in the London Stock Exchange. is also FCA regulated broker offers service in the UK.

Instruments ordered by

They have 233 CFDs on Forex, Stock, EFTs, Index, Commodities, CFDs, Bonds, and Blends. For forex they have 65 currency pairs. Trading Platforms

They have their own proprietary platform named Marketsx along with MT4, MT5 and Mobile App.

With their Marketsx, you have free access to the most comprehensive range of fundamental, technical and sentiment-based trading tools. Trading Fees and Others

The minimum deposit is £100. And for withdrawal there is no minimum except for Wire transfer the minimum is £100. They don't charge fees for transactions.

The spreads are variable according to the market movement.

The maximum leverage they offer is up to 1:30 for the UK.

They do charge an inactivity fee of $10 per month, if your account is inactive for 3 months.

Customer Support customer support team is available 24 hours a day, 5 days per week. They're usually quicker to respond during normal business hours (9am - 5pm) but you can always contact them by email or live chat at any time!

To open account with, click the link below.

Trade Forex with

So there you have it, the top 5 forex brokers in UK! For more great platforms that are available to those who live or work across Europe - check out our site and find some others on this list too.

Best Forex Brokers in the UK 


For trading forex, we need a good regulated brokers. It can be difficult to determine which best UK Forex broker is best for you. The five brokers we have highlighted are all excellent choices, but depending on your individual needs one may be better than the others. We hope that this blog post has helped you in some way and that you are now closer to finding the perfect broker for your trading needs. If you have any questions or would like more information, please don't hesitate to comment below. We would be happy to assist you further. Which of these brokers did you like the most?

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