Forex Brokers in UK 2020
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.
UK Regulation
The companies who would like to establish the branch in the UK or open its brokerage firm are definitely attracted to provide its services through the popular destinations, yet, while the firm should be registered and fully complied with particular UK regulations.
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.
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
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
UK Forex Brokers List
These are the regulated brokers that accept clients from the UK:
Broker | Detail | |
---|---|---|
| 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 |
| Min. Deposit: 1 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, SFSA | Exness Review |
| Min. Deposit: 200 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, MFSC | Orbex Review |
| Min. Deposit: 100 GBP Max. Leverage: 1:30 Trading Platforms: Advantage Web, AT Pro, MT4 Regulation: FCA | City Index Review |
| Min. Deposit: 50US$ Max. Leverage: 1:40 Trading Platforms: MT4, MT5, FOREX.com Platforms Regulation: FCA, IIROC, ASIC, CFTC | Forex.com Review |
| Min. Deposit: US$200 Max. Leverage: 1:30 Trading Platforms: eToro Platform Regulation: CySEC,FCA, ASIC | eToro Review |
| Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:400 Trading Platforms: MT4, AvatradeGo Regulation: Bank of Ireland, ASIC, JFSA, FSCA | AvaTrade Review |
| Min. Deposit: 2,000 US$ Max. Leverage: 1:30 Trading Platforms: MT4 Regulation: FCA | Atom8 Review |
| Min. Deposit: - Max. Leverage: 1:30 | 1:200 | 1:400 Trading Platforms: MT4, PFSOFT Regulation: ASIC, FCA, IIROC, FSB, FMA | Velocity Trade Review |
| Min. Deposit: 10,000 US$ Max. Leverage: 1:30 Trading Platforms: MT4, IRESS, CQG Trader, PATS J-Trader Regulation: FCA | Valbury Capital Review |