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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 2024


AvaTrade
RegulatorsASIC, CBI, CySEC
Regulator - auRegulator - ieRegulator - european_union
  • Leverage30:1
  • PlatformsMT4, MT5, Avatrade Social
  • Min. Spread0.9
  • Broker TypeMarket Maker
  • Min. DepositGBP 100
Read Review
Visit Broker
Tickmill
RegulatorsCySEC, DFSA, FCA
Regulator - european_unionRegulator - aeRegulator - gb
  • Leverage30:1
  • PlatformsMT4, MT5
  • Min. Spread0.0
  • Broker TypeSTP
  • Min. DepositGBP 100
Read Review
Visit Broker
XM
RegulatorsASIC, CySEC, DFSA
Regulator - auRegulator - european_unionRegulator - ae
  • 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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AvaTrade
4.59 /5
Read Review
Visit
Tickmill
4.58 /5
Read Review
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XM
4.45 /5
Read Review
Visit
Pepperstone
4.61 /5
Read Review
Visit
XTB
4.39 /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

Our team of Forex professionals have one mission: To decrease the number of people who lose money in Forex trading by providing high-quality education and writing unbiased reviews of the world’s best brokers. Read more about how we rate Forex brokers here and to find out more about who we are and how we work, check out our about us page.

When you sign up for an account through our links, we may earn a commission; this enables us to continue making our website better for you.

FxScouts is wholly owned and operated by FxScouts Group AB, a privately held company founded in 2012. FxScouts Group 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
4.59 /5
Read Review
Visit
Tickmill
4.58 /5
Read Review
Visit
XM
4.45 /5
Read Review
Visit
Pepperstone
4.61 /5
Read Review
Visit
XTB
4.39 /5
Read Review
Visit

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