Don't settle for any Forex Broker. Find the right one.

Forex trading is accessible to everyone and offers the potential for significant returns, but it is important to approach it cautiously to avoid losing money. Forex traders in the UK should choose a reputable and regulated broker to avoid getting scammed, educate themselves on Forex trading, create a trading plan and stick to it, develop a risk management strategy, practice trading on a demo account, stay informed and educated, and follow the global financial market news.

Latest Forex News and Analysis

Keep up to date with the latest market news and analysis. Our research team keeps a close eye on developments in the financial markets and Forex industry.

FXScouts Podcast: Let's Talk Forex

Season 4 just dropped! We cover how to minimise risk in Forex trading, trading psychology, Forex terminology, trading strategies, and interviews with top brokers.

Best Forex Brokers for Beginners 2024

Explore top forex brokers tailored for beginners, ensuring a smooth start in the trading world.

Compare Forex Brokers Side-by-Side Using Complete and Accurate Data.

We are big believers in transparency. To help you make an informed choice, we publish our comprehensive broker comparison process and constantly update our State of the Forex Market report. 

VS

AvaTradePepperstone

RegulatorsASIC, FSCAFCA, ASIC

Leverage30:130:1

PlatformsMT4, MT5MT4, MT5

Min. Spread0.9 pips0 pips

Min. DepositGBP 100GBP 0

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VS

TickmillAvaTrade

RegulatorsCySEC, FCAASIC, FSCA

Leverage30:130:1

PlatformsMT4, MT5MT4, MT5

Min. Spread0.0 pips0.9 pips

Min. DepositGBP 100GBP 100

View Full Comparison

VS

PepperstoneIC Markets

RegulatorsFCA, ASICCySEC, ASIC

Leverage30:130:1

PlatformsMT4, MT5MT4, MT5

Min. Spread0 pips0.1 pips

Min. DepositGBP 0GBP 200

View Full Comparison

What is Forex Trading

Forex trading, derived from Foreign Exchange, is the process of exchanging one currency for another through secure online platforms connected to Forex brokers. Every day, thousands of British traders buy and sell currency pairs, like the GBP/USD, hoping to make a profit through the fluctuations in exchange rates. It´s difficult to predict the changes in exchange rates between currencies. They are determined by complex economic, political, and technical factors, making Forex trading both a risky yet potentially profitable career.

Forex trading in the UK is legal and regulated, and British Forex traders are protected by the Financial Conduct Authority (FCA). The FCA imposes restrictions on Forex trading to safeguard inexperienced traders. Restrictions include a leverage limit of 30:1, a ban on crypto trading for non-professionals and compulsory negative balance protection for non-professional traders so they never end up owing their brokers money.