Forex Brokers in UK
First of all the United Kingdom is a known financial center and world economy hub, that has always been a trusted location to conduct European businesses and historically, as well as currently presents a significant number of large Forex Brokers.
Who are UK Forex Brokers?
UK and London as its famous financial world center historically have numerous financial firms, brokerages and numerous financial institutions, even more world-famous groups or enthusiast are getting to the UK with a purpose to open its legal branch.
The companies who would like to establish the branch in the UK attracted to provide its services among the popular destinations, while the firm should be registered and fully complied with particular UK regulations.
How UK regulates Forex?
The UK only authority that oversees the financial operations is its famous Financial Conduct Authority (FCA), for its historical breakdown visit Wikipedia page.
FCA operates the mission to supervise the financial investment activities along with brokerage houses, exchanges or other parties and to ensure the financial markets work properly.
Among the numerous, even very sharp requirements in regards to operations, the applied authorization provides a safe trading environment to the investors, which supply all clients who trade with UK Forex Brokers by clear state. For more details and Why trade with FCA Brokers read the detailed article by the link.
How are you protected?
In addition to its establishment standard, high capitalization and proof or reliability, the regulated brokers are obliged to keep investor’s funds with trusted banks while funds have to be segregated from the company ones at all times.
Furthermore, the money safety guaranteed by the FSCS (Financial Service Compensation Scheme) that guarantees investments in case of the authorized company insolvency up to £80,000 per client.
Besides, FCA remains a very active public authority where you can check the record and verify company information through the FCA official website: www.fca.org.uk , as well as follow Twitter @TheFCA where all the updates, warnings or fines are alerted promptly.
Best Forex Brokers UK
Looking for the best Forex broker in the UK you will definitely find many well-established, reputable and indeed great brokerages with good trading conditions, while all regulations are also set sharp. Yet, be sure to verify brokers’ record through the FCA listings, as numerous unscrupulous brokers claiming its regulation status while in fact are none.
Below you will find a listing of the Best Reviewed Brokers based in the UKÂ or those that serve regulated entity, the list created according to the specified criteria and its Trust Scores, so your choice might be lines narrower.
- FXTM– Best Overall Broker in UK 2020
- CityIndex– Lowest Spread Broker in UK 2020
- Exness– Best MT4 Broker in UK 2020
- XM– Best Broker for Beginners in UK 2020
- Pepperstone – Best for Scalping and EA Trading 2020
| Broker | Detail | |
|---|---|---|
 Alpari | Min. Deposit: 20 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: SVG FSC, IFSC | 1 |
 GO Markets | Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, WebTrader Regulation: ASIC, CySEC | 2 |
 FP Markets | Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC | 3 |
 Pepperstone | Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, cTrader Regulation: FCA, ASIC, DFSA, SCB, CMA, CySEC | 4 |
 BDSwiss | Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader Regulation: ESMA, CySEC, FSC, NFA, FSA | 5 |
 Orbex | Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, MFSC | Orbex Review |
 HotForex | Min. Deposit: 5 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA | HotForex Review |
 XM | Min. Deposit: US$5 Max. Leverage: 1:30 to 1:888 Trading Platforms: MT4, MT5, XM WebTrader Regulation: CySEC, ASIC, IFSC | XM Review |
 FXCM | Min. Deposit: 50 US$ | 300 GBP Max. Leverage: 1:200 | 1:30 Trading Platforms: MT4, Trading Station, ZuluTrade, TradingView, Ninja Trader Regulation: ASIC, FCA, FSCA | FXCM Review |
 Infinox | Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4, IXO Regulation: FCA, SCB | Infinox Review |