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Broker rankings / United Kingdom

Best brokers in the UK

A UK-focused shortlist for traders comparing FCA context, FSCS protection, GBP funding, forex and CFD access, leverage rules and platform quality.

Editorial use

Use this ranking as a broker shortlist, not as personal trading advice or a promise of suitability.

Risk check

Forex and CFDs can involve leverage, rapid losses, swaps and margin close-out rules.

Verify locally

Confirm your account entity, regulator, current fees, product type and reporting documents before funding.

Search intent

What this ranking is designed to answer

This page is for readers in the UK who want to choose a broker for forex, CFDs, trading apps or active trading. The ranking prioritizes UK availability, FCA or UK entity context, FSCS protection where applicable, GBP funding, FX costs, leverage limits, CFD risk warnings, account statements and whether the platform is suitable for risk-managed trading or active trading.

Before choosing
  • Confirm whether the broker accepts UK residents and which legal entity holds the account.
  • Check FCA registration, FSCS context and whether protections apply to your account type.
  • Compare GBP deposits, FX conversion, trading costs and platform charges.
  • Review leverage settings, CFD risk warnings, account statements and withdrawal rules before choosing.
UK broker checklist

Compare FCA context, GBP costs and account wrappers

UK traders should check more than commission. Confirm whether the broker accepts UK residents, which legal entity holds the account, whether FCA and FSCS protections apply, how GBP funding and FX conversion work, and whether leverage settings and CFD risk warnings fit your needs. This page is educational and is not tax advice.

For the UK, account entity and product type matter. FCA authorization, FSCS context, leverage limits and CFD risk warnings should be checked before funding.

UK availability

Confirm that the broker accepts UK residents and whether you are onboarded under a UK, EU or other legal entity.

FCA and FSCS context

Check FCA registration, FSCS eligibility and whether protections apply to cash, CFDs or other products.

GBP and FX costs

Compare GBP deposits, withdrawals, FX conversion, trading costs, platform charges and swap costs.

Risk and reporting notes

Check leverage settings, CFD risk warnings, annual account statements and withdrawal rules before choosing.

Ranked shortlist

11 brokers matched

Top pick: IG
#01

IG

9.2/10

IG should be checked for local availability, funding currency, account documents, FCA, ASIC and other local entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check legal entity, fees and product type before depositing money.

ForexCFDs
Varies by country and funding method
Entity-specific client money and compensation rules
#02

FOREX.com

8.6/10

FOREX.com should be checked for local availability, funding currency, account documents, CFTC/NFA, FCA, CIRO, ASIC and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check legal entity, fees and product type before depositing money.

ForexCFDs
Varies by region and account type
Entity-specific client protection rules
#03

Interactive Brokers

8.9/10

Interactive Brokers should be checked for local availability, funding currency, account documents, SEC/FINRA, CFTC/NFA, FCA, CIRO, ASIC and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Powerful but complex; beginners should avoid unnecessary margin and product permissions.

ForexCFDs
Low formal minimum for many account types
Depends on entity and product type
#04

CMC Markets

8.7/10

CMC Markets should be checked for local availability, funding currency, account documents, FCA, ASIC, CIRO, MAS and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check legal entity, fees and product type before depositing money.

ForexCFDs
No high formal minimum in many regions
Depends on local entity and product
#05

OANDA

8.6/10

OANDA should be checked for local availability, funding currency, account documents, CFTC/NFA, FCA, ASIC, CIRO and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check legal entity, fees and product type before depositing money.

ForexCFDs
Low minimum in many regions
Depends on local entity and product type
#06

eToro

7.9/10

eToro should be checked for local availability, funding currency, account documents, FCA, CySEC, ASIC and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Confirm whether the product is spot exposure or a CFD, and check entity-specific protections.

ForexCFDs
Varies by country and funding method
Entity-specific investor compensation and client asset rules
#07

XTB

8.3/10

XTB should be checked for local availability, funding currency, account documents, KNF, FCA, CySEC and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check FX conversion, inactivity terms and whether selected products are spot instruments or CFDs.

ForexCFDs
Low minimum in many countries
Entity-specific compensation and client money rules
#08

Trading 212

7.8/10

Trading 212 should be checked for local availability, funding currency, account documents, FCA, CySEC and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check execution terms, product permissions and country-specific availability.

ForexCFDs
Low minimum in many supported markets
Entity-specific client asset and compensation rules
#09

Pepperstone

8.8/10

Pepperstone should be checked for local availability, funding currency, account documents, ASIC, FCA, CySEC, DFSA and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check legal entity, fees and product type before depositing money.

ForexCFDs
No high formal minimum in many regions
Depends on the onboarded entity
#10

Saxo

8.8/10

Saxo should be checked for local availability, funding currency, account documents, Danish FSA, FCA, ASIC, FINMA and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Check swaps, FX and minimum commissions in your country before funding.

ForexCFDs
Varies by country and account tier
Entity-specific investor compensation and client-asset rules
#11

Plus500

8.0/10

Plus500 should be checked for local availability, funding currency, account documents, FCA, CySEC, ASIC and other entities and whether Forex, CFDs are offered through the entity shown during signup.

Decision fit

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

High CFD risk: check leverage, spread, overnight funding and retail loss disclosure.

ForexCFDs
Varies by country and funding method
Entity-specific client money and compensation rules
Broker comparison table

Compare the shortlist before opening an account

Use this table to compare practical account details side by side. Always confirm the latest legal entity, fee schedule and product availability directly with the broker.

IG

London, United Kingdom

9.2/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: FCA, ASIC and other local entities

Minimum: Varies by country and funding method

Fees: Check fee schedule

FOREX.com

Bedminster, United States

8.6/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: CFTC/NFA, FCA, CIRO, ASIC and other entities

Minimum: Varies by region and account type

Fees: Check fee schedule

Interactive Brokers

Greenwich, United States

8.9/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: SEC/FINRA, CFTC/NFA, FCA, CIRO, ASIC and other entities

Minimum: Low formal minimum for many account types

Fees: Check fee schedule

CMC Markets

London, United Kingdom

8.7/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: FCA, ASIC, CIRO, MAS and other entities

Minimum: No high formal minimum in many regions

Fees: Check fee schedule

OANDA

New York, United States

8.6/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: CFTC/NFA, FCA, ASIC, CIRO and other entities

Minimum: Low minimum in many regions

Fees: Check fee schedule

eToro

Tel Aviv, Israel

7.9/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: FCA, CySEC, ASIC and other entities

Minimum: Varies by country and funding method

Fees: Check fee schedule

XTB

Warsaw, Poland

8.3/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: KNF, FCA, CySEC and other entities

Minimum: Low minimum in many countries

Fees: Check fee schedule

Trading 212

London, United Kingdom

7.8/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: FCA, CySEC and other entities

Minimum: Low minimum in many supported markets

Fees: Check fee schedule

Pepperstone

Melbourne, Australia

8.8/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: ASIC, FCA, CySEC, DFSA and other entities

Minimum: No high formal minimum in many regions

Fees: Check fee schedule

Saxo

Copenhagen, Denmark

8.8/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: Danish FSA, FCA, ASIC, FINMA and other entities

Minimum: Varies by country and account tier

Fees: Check fee schedule

Plus500

Haifa, Israel

8.0/10
Best for

Best checked for local entity, funding currency, product availability, reporting documents and country-specific protections.

Products
ForexCFDs

Risk products: Leveraged CFD risk, Currency-pair risk

Regulation: FCA, CySEC, ASIC and other entities

Minimum: Varies by country and funding method

Fees: Check fee schedule

Country FAQ

Questions to answer before funding an account

Use these checks alongside the ranking table. Broker terms can vary by residence, entity, account type and product type.

Back to forex broker ranking

How should I choose a broker in United Kingdom?

Start with availability for residents in United Kingdom, then check the legal entity, client-protection context, account currency, total trading costs, product access and whether the platform fits your trading style.

Is the cheapest broker always the best broker in United Kingdom?

No. A low commission can be offset by FX conversion, withdrawal, inactivity, spread, swap or market-data costs. The best broker is the one with the lowest practical friction for your account routine and risk profile.

What account documents should traders in United Kingdom check?

Before relying on a broker, check FCA entity details, leverage limits and annual account statements. This page is educational and is not tax advice; local reporting rules can change and may depend on your situation.

Does client protection cover market losses?

No. Investor compensation schemes generally do not protect you from normal trading losses, bad trades, CFD losses, forex losses or margin losses. They are designed for specific broker failure or asset-return scenarios.

Should I choose a local broker or an international broker?

A local broker may offer easier tax workflow and local account features. An international broker may offer broader markets or lower multi-currency costs. Compare both if you trade from United Kingdom, especially for forex, CFDs, futures, options and larger accounts.

Methodology

Why the order changes by page

For UK rankings we prioritize UK availability, FCA or UK entity clarity, FSCS context, GBP funding, forex and CFD access, risk-control workflow, reporting practicality and transparent total cost. Brokers that are mainly CFD-first or not clearly available to UK residents rank lower for this intent.

Editorial verification

How this ranking was checked

Last checked: May 29, 2026. Broker information can change by country, account entity and product type, so this page is designed as a decision aid, not a substitute for reading the latest broker documents.

Sources reviewed
  • Broker fee schedules, account terms and product pages
  • Regulator, legal-entity and client-protection disclosures
  • Platform, funding, withdrawal and country-availability pages
Reader checks
  • Confirm the account entity that will serve your country.
  • Re-check spreads, commissions, swaps, conversion, withdrawal and inactivity fees.
  • Verify whether you are trading spot forex, CFDs, futures, options or another leveraged product.