Forex Trading Companies in UK

Our Top 4 Picks

1

Plus500

4.4/5

Plus500

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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

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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

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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

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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

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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

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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

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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 counts as a UK forex trading company in 2026

A UK forex trading company for our purposes is any FCA-authorised firm that offers retail forex or CFD trading to UK clients via a UK entity, with FSCS cover up to £85,000 and mandatory negative-balance protection. Firms passporting in from EU regimes are not UK forex trading companies for FCA compensation purposes and don't appear on this page.

Currency brokers UK vs forex brokers UK vs foreign exchange brokers UK

The phrases currency brokers UK, forex brokers UK and foreign exchange brokers UK are used interchangeably in search but mean different things in the industry. Retail forex/CFD brokers (the ones ranked here) let you speculate on currency prices. Money-transfer currency brokers (like Wise or Currencies Direct) move actual money at spot rates. This page ranks the retail speculation firms.

How the top UK forex trading companies make money

Regulated UK forex trading companies earn from spread mark-up on standard accounts, commission per lot on raw accounts, overnight swap on held positions, and occasionally FX conversion fees on non-GBP deposits. Every fx company UK on this page publishes its fee schedule on-site — opaque fee structures are a filter for exclusion.

Regulation, FSCS and pro classification

Every UK forex trading company on this page is FCA-authorised, covered by FSCS to £85,000, and enforces mandatory negative-balance protection on retail accounts. Retail leverage is capped at 1:30 on majors. Pro-classified clients can access higher leverage tiers but lose FSCS and negative-balance protection.

How we ranked the UK's forex trading companies

We ranked on the same 47-criteria scorecard used across the site: realised cost, execution latency, platform quality, funding speed, education, support responsiveness and safety. Every UK forex trading company on this page scored above 7.5/10 on the aggregate. Full methodology on our How We Test page.