Forex Broker Comparison UK

Our Top 4 Picks

1

Plus500

4.4/5

Plus500

Trade NowRead Review

FSCS £85KFCA (509909)

FTSE 250 listed UK CFD broker with FCA authorisation, simple proprietary platform and guaranteed-stop protection.

MIN DEPOSIT

£100

MIN SPREAD

0.8 pips

REGULATION

FCA (509909)

SINCE

2008

Pros

• FCA Authorised
• FSCS Protected
• LSE Listed

Cons

• Standard forex spreads slightly wider than raw-spread rivals
• Overnight financing on CFDs above industry average
• Minimum deposit from £100

Plus500 WebPlus500 MobileFull Plus500 reviewCompare with rivals

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.

2

AvaTrade

4.4/5

AvaTrade

Trade NowRead Review

FSCS £85KFCA

FCA-regulated through UK FX Brokers. Award-winning AvaTradeGO, AvaSocial copy trading and DupliTrade integration.

MIN DEPOSIT

£100

MIN SPREAD

0.9 pips

REGULATION

FCA

SINCE

2006

Pros

• FCA Oversight
• AvaSocial Copy Trading
• DupliTrade Integration

Cons

• Standard forex spreads slightly wider than raw-spread rivals
• Overnight financing on CFDs above industry average
• Minimum deposit from £100

MT4MT5AvaTradeGOWebTraderFull AvaTrade reviewCompare with rivals

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.

3

OANDA

BEST FOR DATA

4.6/5

OANDA

Trade NowRead Review

FSCS £85KFCA (542574)

FCA-regulated since 2003. Pioneer of fractional pip pricing, MT4 + TradingView and the gold standard for FX data and analytics.

MIN DEPOSIT

£0

MIN SPREAD

0.1 pips

REGULATION

FCA (542574)

SINCE

1996

Pros

• FCA Authorised
• FSCS Protected
• Est. 1996

Cons

• Standard forex spreads slightly wider than raw-spread rivals
• Overnight financing on CFDs above industry average
• Minimum deposit from £0

MT4TradingViewOANDA WebOANDA MobileFull OANDA reviewCompare with rivals

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.

4

Skilling

4.4/5

Skilling

Trade NowRead Review

FSCS £85KFCA

FCA-regulated Scandinavian broker with sleek proprietary platform, cTrader for pros and EUR/USD from 0.1 pips.

MIN DEPOSIT

£100

MIN SPREAD

0.1 pips

REGULATION

FCA

SINCE

2016

Pros

• FCA Regulated
• Scandinavian-Designed
• Subscription Spreads

Cons

• Standard forex spreads slightly wider than raw-spread rivals
• Overnight financing on CFDs above industry average
• Minimum deposit from £100

Skilling TradercTraderMT4Skilling AppFull Skilling reviewCompare with rivals

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.

What to compare when picking a UK forex broker

Realised cost per £100k traded matters more than headline spread. Fill latency from a London IP matters more than server location claims. Platform breadth matters more than platform brand. FSCS cover and negative-balance protection are non-negotiable. This is the framework we use for every forex broker comparison UK on this site.

Cost comparison across the top UK forex brokers

Across the shortlist above, realised EUR/USD cost on a 25-trade basket ranged from 0.55 to 0.82 pips per round-turn in Q1 2026. On raw accounts, commission ranged from £3.00 to £3.50 per side per lot with 0.1–0.3 pip raw spread. On standard accounts, spread ranged from 0.6 to 0.9 pips commission-free. Cost differences over 1,000 trades exceed £400 on typical UK retail volume.

Execution comparison from a London IP

Average fill latency across the top 4 UK forex brokers in Q1 2026 was 35–65ms from a London IP. Order rejection rate under 0.5% during scheduled news. Slippage during NFP averaged 0.4 pips symmetric on the top broker, up to 1.2 pips on the bottom of the shortlist. Scalpers should filter on execution before cost; swing traders can weight cost higher.

Platform and funding comparison

All four shortlisted brokers offer MetaTrader 4 and MetaTrader 5. Three offer cTrader. Two offer TradingView-integrated order placement. All offer proprietary web and mobile apps. All accept GBP debit card and Faster Payments at £0 fee. Withdrawal to a UK bank account completes within 24 hours on all four.

How we compare forex brokers UK

Every comparison on this site uses the same 47-criteria scorecard weighted toward realised cost and execution. Every broker is tested on a live GBP account, from a London IP, in the same 25-trade basket. Comparisons are refreshed quarterly. Full methodology on the How We Test page.