Best forex brokers in the United Kingdom

Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of the United Kingdom, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate

Forex in the United Kingdom at a glance

17 forex brokers with a verified licence serve residents of the United Kingdom: 17 hold a local licence (FCA).
Top pick by Coinish Score: Saxo (78/100, Editor Rating 4.5/5).
Lowest advertised EUR/USD all-in cost: 0.5 pips (CMC Markets), across 10 brokers that publish one.
No minimum deposit: Saxo, IG, XTB and City Index.

Forex in the United Kingdom

Local licence required

Providers must be FCA-authorised. FCA rules cap retail leverage (30:1 to 2:1) and require a standardised warning showing the share of retail accounts that lose money.

Regulator sources (3)

“In the UK, almost all firms that provide financial services must be authorised or registered by us”
fca.org.uk · Oct 5, 2026
“Limit leverage to between 30:1 and 2:1”
fca.org.uk · Oct 5, 2026
“Provide a standardised risk warning, which requires firms to tell potential customers the percentage of their retail client accounts that make losses”
fca.org.uk · Oct 5, 2026

Links to providers are paused for UK visitors while we finish a review of the UK financial-promotion rules. Rankings and reviews are still available.

Sort by

1
Top pick
Saxo
Saxo Capital Markets UK Ltd · FCA (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
71,000+
Min. deposit
$0
78
Coinish Score
4.5/5 rating67 signal
Review
2
IG
IG Markets Ltd · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
17,000+
Min. deposit
$0
77
Coinish Score
4.2/5 rating71 signal
Review
3
FxPro
FxPro UK Limited · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
2,100+
Min. deposit
–
73
Coinish Score
4.1/5 rating64 signal
Review
4
XTB
XTB Limited · FCA (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
11,900+
Min. deposit
$0
71
Coinish Score
4.0/5 rating63 signal
Review
5
OANDA
OANDA Europe Limited · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
1,700+
Min. deposit
–
71
Coinish Score
3.4/5 rating74 signal
Review
6
CMC Markets
CMC Markets UK plc · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.5 pips
Instruments
12,000+
Min. deposit
–
71
Coinish Score
4.2/5 rating59 signal
Review
7
Capital.com
Capital Com (UK) Limited · FCA (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
5,500+
Min. deposit
£20
70
Coinish Score
4.3/5 rating54 signal
Review
8
FOREX.com
StoneX Financial Ltd · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
2,000+
Min. deposit
£100
70
Coinish Score
4.0/5 rating60 signal
Review
9
Interactive Brokers
Interactive Brokers (U.K.) Limited · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
–
Min. deposit
–
67
Coinish Score
3.6/5 rating61 signal
Review
10
Plus500
Plus500UK Ltd · FCA (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
2,800+
Min. deposit
–
61
Coinish Score
3.6/5 rating51 signal
Review
11
City Index
StoneX Financial Ltd · FCA (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
13,500+
Min. deposit
$0
61
Coinish Score
4.3/5 rating36 signal
Review
12
Pepperstone
Pepperstone Limited · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.7 pips
Instruments
1,350+
Min. deposit
–
61
Coinish Score
3.9/5 rating45 signal
Review
13
Spreadex
Spreadex Limited · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
10,000+
Min. deposit
£5
57
Coinish Score
4.2/5 rating31 signal
Review
14
Trade Nation
Trade Nation Financial UK Ltd · FCA (Tier 1)
Locally licensed
EUR/USD all-in
0.6 pips
Instruments
1,000+
Min. deposit
£5
56
Coinish Score
4.2/5 rating28 signal
Review
15
ActivTrades
ActivTrades PLC · FCA (Tier 1)
Locally licensed
EUR/USD all-in
–
Instruments
1,000+
Min. deposit
–
55
Coinish Score
3.6/5 rating38 signal
Review
16
HFM
HF Markets (UK) Ltd · FCA (Tier 1)
Locally licensedOffshore-heavy group
EUR/USD all-in
–
Instruments
500+
Min. deposit
–
55
Coinish Score
3.1/5 rating48 signal
Review
17
HYCM
HYCM Capital Markets (UK) Limited · FCA (Tier 1)
Locally licensedOffshore-heavy group
EUR/USD all-in
0.5 pips
Instruments
300+
Min. deposit
–
45
Coinish Score
3.2/5 rating27 signal
Review

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