Forex brokers in United Kingdom
34 of the 97 brokers we rate hold a licence from the Financial Conduct Authority (FCA), and 80 in total will open an account for someone in the United Kingdom. The gap between those two numbers is the most useful thing on this page.
How this page is builtWe hold each broker's own list of the countries it will not serve, so "accepts you" means "does not exclude you" - not a promise your application will be approved. Local regulation is read from the licences each broker publishes. Both lists are in rating order, and brokers holding no licence at all are left off entirely.
Regulated in United Kingdom
These 34 brokers hold a licence from the Financial Conduct Authority (FCA). That is a different proposition from a broker that merely accepts your application: a regulator in your own country supervises the entity holding your money, and you have somewhere local to complain when it goes wrong.
FxProFCACySEC+39.1/10Get startedFind out more
Plus500FCAASIC+138.9/10Get startedFind out more
AdmiralsFCACySEC+68.9/10Get startedFind out more
eToroFCACySEC+58.8/10Get startedFind out more
EightcapASICFCA+48.7/10Get startedFind out more
HF MarketsFCACySEC+58.5/10Get startedFind out more
CMC MarketsFCAASIC+58.0/10Get startedFind out more
IGFCAASIC+88.0/10Get startedFind out more
Saxo BankFSA (Denmark)FCA+78.0/10Get startedFind out more
FXOpenFCACySEC7.9/10Get startedFind out more
The ten highest rated of 34. The rest appear in the full list below.
What that licence actually protects
The FCA requires client money to be held in segregated accounts, mandates negative balance protection for retail clients, and bans the marketing of crypto CFDs to them entirely.
Retail leverage is capped at 1:30 on major currency pairs. Brokers advertising far more are offering it through entities outside United Kingdom, and which entity takes your account is decided by where you live rather than by which you would prefer.
Eligible clients are covered by the Financial Services Compensation Scheme up to £85,000 if the firm fails.
None of it protects you from losing money on your own trades. It protects you from the firm failing, misusing client money or refusing to deal with a complaint - the risks you cannot manage yourself.
| Broker | Regulators | Founded | Client money segregated | Negative balance protection | Compensation scheme |
|---|---|---|---|---|---|
| FxPro | FCACySECFSCA (South Africa)+2 | 1999 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients |
| Plus500 | FCAASICCySEC+12 | 2008 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients |
| Admirals | FCACySECASIC+5 | 2001 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients; additional insurance up to €100,000 under applicable entity |
| eToro | FCACySECASIC+4 | 2007 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients; SIPC up to $500,000 including $250,000 cash for eligible US securities clients |
| Eightcap | ASICFCACySEC+3 | 2009 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients |
| HF Markets | FCACySECDFSA (DIFC)+4 | 2010 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients |
| CMC Markets | FCAASICBaFin+4 | 1989 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; EdW protection up to €20,000 for eligible German clients; CIPF protection for eligible Canadian investment accounts |
| IG | FCAASICBaFin+7 | 1974 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; statutory schemes vary by regulated entity |
| Saxo Bank | FSA (Denmark)FCAASIC+6 | 1992 | Yes | Yes | Danish DGS: cash deposits up to €100,000 and unreturned securities up to €20,000 |
| FXOpen | FCACySEC | 2005 | Yes | Yes | FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients |
Every broker that accepts clients in United Kingdom
80 brokers, in rating order. The 34 with a local licence are included here too, so this is the whole picture rather than the remainder.
IC MarketsASICCySEC+39.5/10Get startedFind out more
TabTradeFSC (Mauritius)9.3/10Get startedFind out more
AvaTradeCentral Bank of IrelandASIC+89.2/10Get startedFind out more
XMCySECASIC+39.1/10Get startedFind out more- FxProFCACySEC+39.1/10Get startedFind out more
Markets.comCySECFSCA (South Africa)9.0/10Get startedFind out more- Plus500FCAASIC+138.9/10Get startedFind out more
- AdmiralsFCACySEC+68.9/10Get startedFind out more
- eToroFCACySEC+58.8/10Get startedFind out more
- EightcapASICFCA+48.7/10Get startedFind out more
easyMarketsCySECASIC+38.6/10Get startedFind out more
MultiBank GroupASICMAS+68.5/10Get startedFind out more- HF MarketsFCACySEC+58.5/10Get startedFind out more
GO MarketsASICCySEC+18.3/10Get startedFind out more- CMC MarketsFCAASIC+58.0/10Get startedFind out more
- IGFCAASIC+88.0/10Get startedFind out more
- Saxo BankFSA (Denmark)FCA+78.0/10Get startedFind out more
- FXOpenFCACySEC7.9/10Get startedFind out more
FP MarketsASICCySEC+47.9/10Get startedFind out more
Capital.comFCAASIC+37.9/10Get startedFind out more
Moneta MarketsFCAFSCA (South Africa)+27.8/10Get startedFind out more
IronFXASICFSC (BVI)+17.8/10Get startedFind out more
AxiASICFCA+27.8/10Get startedFind out more
TickmillFCACySEC+37.8/10Get startedFind out more
ACY SecuritiesASICFSCA (South Africa)7.8/10Get startedFind out more
Fusion MarketsASICFSA (Seychelles)+17.8/10Get startedFind out more
TMGMASICVFSC (Vanuatu)+27.7/10Get startedFind out more
FOREX.comCFTC/NFAFCA+67.7/10Get startedFind out more
SwissquoteFINMAFCA+57.7/10Get startedFind out more
DukascopyFINMAFSA (Japan)+17.7/10Get startedFind out more
ActivTradesFCAFSC (Mauritius)+17.7/10Get startedFind out more
Blueberry MarketsASICFSC (Mauritius)+17.6/10Get startedFind out more
Charles SchwabSECFINRA+17.6/10Get startedFind out more
EC MarketsFCAASIC+37.6/10Get startedFind out more
FXCMFCAASIC+27.6/10Get startedFind out more
WebullSECFINRA+17.6/10Get startedFind out more
HYCMFCADFSA (DIFC)7.6/10Get startedFind out more
Trading.comFCAASIC+27.5/10Get startedFind out more
XTBKNFFCA+37.5/10Get startedFind out more
InstaForexFSC (BVI)7.5/10Get startedFind out more
AAAFxMISA (Comoros)7.4/10Get startedFind out more
T4TradeFSA (Seychelles)7.4/10Get startedFind out more
STARTRADERASICFSCA (South Africa)+37.4/10Get startedFind out more
LiteFinanceCySECFSC (Mauritius)7.4/10Get startedFind out more
QuestradeCIRO7.4/10Get startedFind out more
ATFXFCAASIC+77.3/10Get startedFind out more
FortradeFCAASIC+47.3/10Get startedFind out more
Focus MarketsASICFSC (Mauritius)7.2/10Get startedFind out more
FXCCCySECMISA (Comoros)+17.2/10Get startedFind out more
FXOROCySEC7.2/10Get startedFind out more
Global PrimeASICVFSC (Vanuatu)7.2/10Get startedFind out more
tastyfxCFTCNFA7.2/10Get startedFind out more
FinecoBank of ItalyCONSOB+17.2/10Get startedFind out more
ATC BrokersFCACIMA (Cayman Islands)+17.1/10Get startedFind out more
Trade NationFCAASIC+47.1/10Get startedFind out more
Capital IndexFCA7.1/10Get startedFind out more
VT MarketsASICFSCA (South Africa)+27.1/10Get startedFind out more
TopFXCySECFSC (BVI)+17.0/10Get startedFind out more
ADS SecuritiesCMA (UAE)7.0/10Get startedFind out more
IC TradingFSC (Mauritius)7.0/10Get startedFind out more
iFOREXCySECFSC (BVI)7.0/10Get startedFind out more
NordFXFSA (Seychelles)FSC (Mauritius)6.9/10Get startedFind out more
OrbexFSC (Mauritius)FSA (Seychelles)6.9/10Get startedFind out more
XtradeFSC (Belize)FSCA (South Africa)6.9/10Get startedFind out more
PU PrimeFSA (Seychelles)FSC (Mauritius)+26.8/10Get startedFind out more
Fintrix MarketsFSC (Mauritius)6.8/10Get startedFind out more
FXGiantsFSC (BVI)6.7/10Get startedFind out more
FXCessNot on record6.7/10Get startedFind out more
FXChoiceFSC (Belize)6.6/10Get startedFind out more
FXDDNot on record6.6/10Get startedFind out more
RoboForexFSC (Belize)6.6/10Get startedFind out more
Ox SecuritiesNot on record6.5/10Get startedFind out more
Interactive BrokersSFC (Hong Kong)6.5/10Get startedFind out more
PepperstoneASICFCA+56.5/10Find out more
OANDACFTC/NFAFCA+46.4/10Get startedFind out more
EquitiFCASCA (UAE)+46.4/10Get startedFind out more
VantageASICFCA+36.4/10Get startedFind out more
City IndexFCAASIC+16.3/10Get startedFind out more
Trading 212FCABaFin+36.3/10Get startedFind out more
BlackBull MarketsFMA (New Zealand)FSA (Seychelles)6.2/10Get startedFind out more
Funding an account from United Kingdom
2 of these brokers record Faster Payments among their funding methods. A domestic transfer is usually same-day and free where an international wire is neither, so it is worth more than it looks when two brokers are otherwise close.
Check the withdrawal routes as well as the deposit ones. They are frequently not the same list, anti-money-laundering rules generally require funds to return the way they arrived, and the difference only becomes apparent at the point you want your money back.
Trading from United Kingdom
It is better protected, which is not quite the same thing. The FCA requires client money to be held in segregated accounts, mandates negative balance protection for retail clients, and bans the marketing of crypto CFDs to them entirely.
Eligible clients are covered by the Financial Services Compensation Scheme up to £85,000 if the firm fails.
None of that protects you from losing money on your own trades. It protects you from the firm failing or misbehaving, which are the risks you cannot manage yourself.
80 of the 97 brokers we rate do not list the United Kingdom among the countries they restrict, and 34 of those hold a local licence.
"Does not restrict" is what our data supports. It is not the same as being authorised to serve you, and it is not a promise your application will be accepted - brokers apply their own checks on top of ours.
Under the Financial Conduct Authority (FCA), retail leverage is capped at 1:30 on major currency pairs. That is a regulatory limit rather than a broker decision, and it applies whatever figure the marketing carries.
Brokers advertising far more - 1:500, 1:1000 - are offering it through entities outside United Kingdom, and which entity takes your account is decided by where you live rather than by which you would prefer.
2 of these brokers record Faster Payments among their funding methods, which usually means same-day deposits and no international transfer fee.
Check the withdrawal side as well. The routes are frequently not the same list, and the difference only shows up when you want your money back.
It is better protected, which is not quite the same thing. The FCA requires client money to be held in segregated accounts, mandates negative balance protection for retail clients, and bans the marketing of crypto CFDs to them entirely.
Eligible clients are covered by the Financial Services Compensation Scheme up to £85,000 if the firm fails.
None of that protects you from losing money on your own trades. It protects you from the firm failing or misbehaving, which are the risks you cannot manage yourself.
80 of the 97 brokers we rate do not list the United Kingdom among the countries they restrict, and 34 of those hold a local licence.
"Does not restrict" is what our data supports. It is not the same as being authorised to serve you, and it is not a promise your application will be accepted - brokers apply their own checks on top of ours.
Under the Financial Conduct Authority (FCA), retail leverage is capped at 1:30 on major currency pairs. That is a regulatory limit rather than a broker decision, and it applies whatever figure the marketing carries.
Brokers advertising far more - 1:500, 1:1000 - are offering it through entities outside United Kingdom, and which entity takes your account is decided by where you live rather than by which you would prefer.
2 of these brokers record Faster Payments among their funding methods, which usually means same-day deposits and no international transfer fee.
Check the withdrawal side as well. The routes are frequently not the same list, and the difference only shows up when you want your money back.