Best Forex Broker I The Uk

Best forex broker i the uk

The ForexBrokers.com annual forex broker review (three years running) is the most cited in the industry.

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With over 60,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Best forex broker i the uk

Trading forex (currencies) in the United Kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by the Financial Conduct Authority (FCA), which is the financial regulatory body in the UK.

The FCA's website is FCA.org.uk.

How to Choose A Good Forex Broker ⭐

We recommend UK residents also follow the FCA on twitter, @TheFCA.

The FCA was formed out of the Financial Services Act of 2012, effectively replacing its predecessor, the Financial Services Authority (FSA). For a historical breakdown, here's a link to Financial Conduct Authority webpage on Wikipedia.

Best UK Forex Brokers for 2019

To find the best forex brokers in the UK, we created a list of all FCA authorised brokers, then ranked brokers by their Trust Score.

Here is our list of the top UK forex brokers.

Best Forex Brokers UK Comparison

Compare UK authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below.

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This broker list is sorted by the firm's ForexBrokers.com Trust Score.

How to Verfiy FCA Authorisation

To identify if a forex broker is licensed to operate in the United Kingdom (UK), the first step is to identify the register number from the disclosure text at the bottom of the broker's UK homepage.

For example, here's the key disclosure text from IG's website,

Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority."

Next, look up the firm on the FCA website to validate the register number is, in fact, legitimate.

Best forex broker i the uk

Here is the official FCA page for IG Markets Limited.

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Methodology

For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers.

Each broker was graded on 81 different variables and, in total, over 60,000 words of research were produced.

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While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

Best forex broker i the uk

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust.

Best forex broker i the uk

Learn more about how we test.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.