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Discovering Reliable and Regulated Forex Brokers: Your Ultimate Guide

Access our comprehensive, up-to-date list of the best Forex brokers in the UK, complete with in-depth reviews and ratings. We grade each broker using over 200 metrics and strictly evaluate them based on their regulation, fees, platform options, education, and customer support.

Our evaluation is combined with input from real traders, in order to give you a well-rounded picture of each broker’s strengths and weaknesses. Use our site to find the British broker that suits your trading goals, experience level, and budget, and find out more about their latest promotions and bonuses.

Our Top Rated Forex Brokers 2023


AvaTrade
RegulatorsASIC, CBI, CySEC
  • Leverage30:1
  • PlatformsMT4, MT5, Avatrade Social
  • Min. Spread0.9
  • Broker TypeMarket Maker
  • Min. DepositGBP 100
Read Review
Visit Broker
Tickmill
RegulatorsCySEC, DFSA, FCA
  • Leverage30:1
  • PlatformsMT4, MT5
  • Min. Spread0.0
  • Broker TypeSTP
  • Min. DepositGBP 100
Read Review
Visit Broker
XM
RegulatorsASIC, CySEC, DFSA
  • Leverage30:1
  • PlatformsMT4, MT5, xm
  • Min. Spread0.6
  • Broker TypeMarket Maker
  • Min. DepositGBP 5
Read Review
Visit Broker

 

Unlock the Secrets to Successful Forex Trading

 

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.

 

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
View Full Comparison
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
XMAvaTrade
RegulatorsCySEC, ASICASIC, FSCA
Leverage30:130:1
PlatformsMT4, MT5MT4, MT5
Min. Spread0.6 pips0.9 pips
Min. DepositGBP 5GBP 100
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.

Others Also Visit

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Visit
AvaTrade
4.49 /5
Read Review
Visit
Tickmill
4.48 /5
Read Review
Visit
XM
4.35 /5
Read Review
Visit
Pepperstone
4.61 /5
Read Review
Visit
XTB
4.29 /5
Read Review
Visit

Access all our Forex Guides

When it comes to navigating the world of Forex trading, our team conducts extensive research to bring you the most reliable, unbiased broker reviews. We also provide insightful guides that tackle all kinds of questions to help you make the right choice based on your trading needs. Access all our broker reviews, top lists, and guides here. 

Major Currency Pairs

About us

We’re a global team of Forex professionals. Our mission is to decrease the number of people who get scammed or lose money in Forex trading by providing education, highlighting serious brokers, and assisting Forex traders in finding the best-regulated broker for their needs. We test and review Forex brokers and create high-quality and meaningful educational content that furthers our readers’ interest in trading and education.
To read more about our methodology and how we rate Forex brokers, read all about our review process here. When you sign up for an account through our links, we sometimes earn a commission, which enables us to continue making our website better for you. To read more about who we are, how to contact us, and how we work, read our about us page.

FxScouts is wholly owned and operated by Schlossbrink AB, a privately held company founded in 2012. Schlossbrink AB is registered in Nyköping, Sweden and owns and manages all the brands and domains in the FxScouts network.

Others Also Visit

Scroll for more detailsPreviousNext
Visit
AvaTrade
4.49 /5
Read Review
Visit
Tickmill
4.48 /5
Read Review
Visit
XM
4.35 /5
Read Review
Visit
Pepperstone
4.61 /5
Read Review
Visit
XTB
4.29 /5
Read Review
Visit

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