65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Our #1 Rated Trading Platform
Best Forex Brokers in the UK for 2025
Thomas Drury
Co-Founder
Thomas is an experienced financial trader in leverage instruments, crypto and general investing. He has over a decade experience in finance and holds Chartered Status in the financial industry, Thomas’s speciality is trading CFDs, Forex and Day Trading. His crypto portfolio is heavily weighted towards BTC and Eth, but enjoys trading low cap crypto’s with higher volatility. Thomas’s favourite trading strategy is break out Trading.
“Our commitment at The Investors Centre is unwavering. We strive to provide clear, actionable advice that empowers you to achieve financial success. Our vision is a future where anyone can invest confidently and wisely.”
Dom Farnell
Co-Founder
Dom is an experienced retail investor, learning his craft in what he likes to call the “hard way”. Through many of these lesson’s he has crafted himself a sound investment strategy that has enabled him to make investing into a business not just a hobby. He wanted to create The Investors Centre to be able to use these lessons and help other people establish them selves in the world of investing.
“Financial clarity and integrity are the cornerstones of everything we do. We’re here to ensure that your investment journey is built on a solid financial understanding and a sound strategic foundation.”
Table of Contents
Disclaimer
How We Test
Choosing the right FCA-regulated Forex broker in the UK for 2025 is key to your trading journey. This guide cuts through the noise, evaluating top platforms based on security, fees, and features, helping you trade with confidence.
SpreadEX
FX Score: 4.7/5
65% of retail CFD accounts lose money.
IG
FX Score: 4.6/5
71% of Retail CFD Accounts Lose Money
XTB
FX Score: 4.4/5
73% of Retail CFD Accounts Lose Money
Interactive Brokers
FX Score: 4.4/5
62.5% of Retail CFD Accounts Lose Money
Quick Answer: What's the best UK Forex Trading Platform?
The best UK forex broker in 2025 is SpreadEX. It is fully FCA-regulated, easy to use, and ideal for beginners. With low spreads, no deposit fees, and a simple platform, SpreadEX offers a strong all-around experience for new and experienced traders alike.
How Do the Top Forex Brokers in the UK Rank?
| Rank | Broker | FCA Regulated | Min. Deposit | Spread (EUR/USD) | Best For |
|---|---|---|---|---|---|
| 1 | SpreadEX | Yes | £1 | From 0.6 pips | Beginners |
| 2 | IG | Yes | £250 | From 0.6 pips | Intermediate traders |
| 3 | XTB | Yes | £0 | From 0.1 pips | Multi-asset trading |
| 4 | Interactive Brokers | Yes | £0 | From 0.1 pips | Professional traders |
| 5 | eToro | Yes | £50 | From 1.0 pips | New traders |
| 6 | Pepperstone | Yes | £0 | From 0.0 pips + commission | Forex-focused traders |
| 7 | Saxo | Yes | £0 | From 0.4 pips | Expert traders |
Which FCA-regulated forex brokers are most trusted for trading in the UK?
- SpreadEX – Best for Beginners
- IG – Versatile, Reliable, Great for Intermediate Traders
- XTB – Multi-Asset Trading, Competitive Spreads, Award-Winning Platform
- Interactive Brokers – Best for Pros, Global Access, Low Fees
- eToro – Social Trading, User-Friendly, Great for New Traders
- Pepperstone – Low Spreads, Fast Execution, Excellent for Forex
- Saxo – Premium Platform, Advanced Tools, Best for Experts
SpreadEX – Best for Beginners
Pros & Cons
- User-friendly for UK traders
- Competitive spreads
- Offers both CFDs and spread betting
- Wide market access across forex, indices, and shares
- No MT4/MT5 support
- UK & Ireland access only
- No ISA or non-leveraged investing options
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What makes SpreadEX a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
IG – Versatile, Reliable, Great for Intermediate Traders
Pros & Cons
- Excellent charting and analysis tools
- Wide asset coverage: forex, stocks, indices, crypto
- Regulated globally (FCA, ASIC, CFTC)
- Strong educational content
- Higher fees for smaller accounts
- Complex interface for beginners
- Inactivity fee after 24 months
- Occasional support delays
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What makes IG a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
IG is one of the UK’s most established trading platforms, offering forex, indices, shares, and more. It provides powerful tools like ProRealTime and MT4, alongside excellent research and education, making it ideal for traders looking to build their skills.
IG offers competitive spreads starting from 0.6 pips on EUR/USD. There are no deposit or withdrawal fees, but an inactivity fee applies after 24 months. Commission may apply to some share trades, depending on the product and account type.
Yes. IG is fully regulated by the Financial Conduct Authority (FCA) and is also listed on the London Stock Exchange. It holds multiple top-tier regulatory licenses and offers FSCS protection up to £85,000 for eligible UK clients.
IG suits intermediate traders who want strong tools, reliable pricing, and access to a wide range of markets. It’s also a great option for those who value a well-known, transparent broker with years of proven experience.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
XTB – Multi-Asset Trading, Competitive Spreads, Award-Winning Platform
Pros & Cons
- Spreads from 0.1 pips on major pairs
- Intuitive, award-winning xStation platform
- Excellent learning resources
- Regulated by FCA, KNF, DFSA, CNMV
- No MT4/MT5 support
- Fewer forex pairs than competitors
- €10 inactivity fee after 12 months
- Not available to U.S. clients
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What makes XTB a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
XTB offers a modern, user-friendly trading platform called xStation 5, with access to forex, indices, shares, commodities, and crypto. It stands out for its fast execution, excellent design, and strong educational resources tailored to active retail traders.
73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Interactive Brokers – Best for Pros, Global Access, Low Fees
Pros & Cons
- Ultra-low fees for active traders
- Huge range of assets and forex pairs
- Access to 150+ global markets
- Advanced trading platforms
- Complex interface
- $10 inactivity fee (if balance < $100K and no commissions)
- No MT4/MT5 integration
- High threshold for earning interest on cash
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What makes Interactive Brokers a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
Interactive Brokers offers advanced trading tools, access to over 150 global markets, and institutional-grade platforms. It’s designed for experienced traders who need precision, flexibility, and the ability to trade a wide range of asset classes at low cost.
Interactive Brokers is best for professional traders and investors who want access to global markets, detailed reporting, and custom trading strategies. It’s not ideal for beginners due to the complexity of its platform and tools.
62.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro – Social Trading, User-Friendly, Great for New Traders
Pros & Cons
- Beginner-friendly interface
- Social/copy trading options
- Regulated by FCA, CySEC, and ASIC
- Good range of major forex pairs
- Higher spreads than many brokers
- Limited tools for technical traders
- £10 inactivity fee after 12 months
- Support can be slow at busy times
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What makes eToro a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 51% of retail CFD accounts lose money when trading CFD’s with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone – Low Spreads, Fast Execution, Excellent for Forex
Pros & Cons
- Very low spreads
- MT4, MT5, and cTrader supported
- 70+ forex pairs
- Excellent customer support
- Limited learning resources
- No proprietary platform
- Some services restricted by region
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What makes Pepperstone a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
81.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Saxo – Premium Platform, Advanced Tools, Best for Experts
Pros & Cons
- SaxoTraderGO & PRO offer pro-level features
- 180+ forex pairs including exotics
- Tiered pricing rewards active traders
- Strong research and market insights
- Large min. fund requirement for higher tiered accounts
- £25 inactivity fee after 6 months
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What makes Saxo a good choice?
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What are the fees and spreads?
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Is this broker safe and regulated?
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Who is this broker best suited for?
64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
What Should You Know Before Choosing a Forex Broker?
What does it mean if a broker is FCA-regulated?
What trading platforms do UK brokers offer?
What’s the safest way to start forex trading in the UK?
How much money do I need to trade forex in the UK?
What Are the Best Forex Brokers for Beginners?
What Else Should You Know About Forex Trading in the UK?
How do I check if a forex broker is legit in the UK?
Do I have to pay tax on forex trading in the UK?
What is the best forex platform for copy trading?
eToro is the best platform for copy trading in the UK. It allows you to follow and automatically copy the trades of other investors. It’s FCA-regulated, user-friendly, and includes social features that help new traders learn by observing others.
What’s the best MetaTrader broker in the UK?
Conclusion: Which Forex Broker Is Right for You?
FAQs
What is the most suitable forex broker in the UK for beginners?
SpreadEX and XTB are top choices for beginners in 2025. They offer easy-to-use platforms, helpful educational resources, and responsive customer support — perfect for those just starting out.
Which UK forex brokers offer the lowest spreads?
Pepperstone and Interactive Brokers are known for ultra-tight spreads, with raw pricing from 0.0 pips on major pairs. They’re ideal for scalpers and high-frequency traders looking to keep costs down.
Are all forex brokers in the UK FCA regulated?
No, not all brokers are FCA regulated. To ensure your funds are protected and you’re trading legally, always choose a broker listed on the FCA Register.
Can I trade forex in the UK with a small deposit?
Yes, many brokers like XTB and eToro allow you to start trading with as little as £50–£100. It’s a smart way to test the waters without risking too much capital upfront.
References
- Financial Conduct Authority (FCA) – FCA Register
- Statista – “Monthly Forex Trading Volume Worldwide.”
- XTB Official Website – Forex Trading – How to invest in FX CFDs?
- Pepperstone UK – Pepperstone: Forex Broker & CFD Trading Platform
- IG UK – IG: Trade and Invest with the UK’s No.1 Trading Provider
- eToro UK – Stocks & beyond: Invest in 7000+ assets on eToro
- Interactive Brokers UK – International Broker – IBKR
