Top 30 Forex Brokers in the UK – 2024 Comparison

Selecting the right Forex broker is a crucial decision for traders in the United Kingdom. With numerous options available, it’s essential to consider various factors such as regulation, minimum deposit requirements, trading conditions, educational resources, and customer support. To assist you in making an informed choice, Traders Union (TU) has conducted a comprehensive analysis and shortlisted the top 30 Forex brokers in the UK for 2024. Below, we provide a detailed comparison of these brokers to help you find the one that suits your trading needs.

1. Admiral Markets

• Regulation: MiFID and EFSA
• Advantages: Commission-free accounts, advanced trading tools
• Minimum Deposit: $100
• Open an Account: Admiral Markets

Your capital is at risk.

2. Roboforex

• Regulation: IFSC and CySec
• Advantages:
  • Availability of favorable trading conditions and a minimum deposit
  • Unique investment program CopyFx
  • Market launch (STP and ECN)
  • Instant withdrawal of funds
• Minimum Deposit: $10
• Open an Account: Roboforex

Your capital is at risk.

3. IC Markets

• Regulation: AFSC
• Advantages:
  • A large choice of working instruments – above 90
  • Low spreads – from 0 pips
  • High speed of order execution
  • Additional useful resources: spread monitoring, risk depth, risk calculator, and more
  • Ability to engage in scalping and hedging
  • Availability of Islamic accounts
• Minimum Deposit: $200
• Open an Account: IC Markets

75.93% of retail investor accounts lose money when trading CFDs with this provider.

4. Tickmill

• Regulation: FSA, FCA, FSCA
• Advantages:
  • Low Forex fees
  • Easy account opening
  • Free deposit and withdrawal
• Minimum Deposit: $100
• Open an Account: Tickmill

Your capital is at risk.

5. FxPro

• Regulation: FCA, CySEC, FSCA, SCB
• Advantages:
  • Easy account opening
  • Great customer service
  • Free deposit and withdrawal
• Minimum Deposit: $100
• Open an Account: FxPro

79.27% of retail investor accounts lose money when trading CFDs with this provider.

6. Teletrade

• Regulation: CySEC
• Advantages: Detailed analytical section, informative educational section
• Minimum Deposit: $10
• Open an Account: Teletrade

Your capital is at risk.

7. InstaForex

• Regulation: FSC
• Advantages:
  • Wide variety of financial instruments for trading
  • ForexCopy System for copy trading and PAMM accounts
  • Lowest risk option for working with tick deals
  • Range of deposit bonuses
• Minimum Deposit: $1
• Open an Account: InstaForex

Your capital is at risk.

8. NordFx

• Regulation: VFSC, CySEC
• Advantages:
  • Spreads from 0 pips
  • Flash order execution in 0.5 seconds
  • Deposits in various currencies, including US dollars and bitcoins
  • PAMM service and copy trading
• Minimum Deposit: $10
• Open an Account: NordFx

Your capital is at risk.

9. MultiBank

• Regulation: ASIC, BAFIN, CNMV, FMA, TFG, HKCE, AUSTRAC, VFSC, CIMA
• Advantages:
  • Trade from professional ECN accounts with floating spreads from 0.1 pips
  • Options for passive earnings, including copying trades and PAMM accounts
• Minimum Deposit: $50
• Open an Account: MultiBank

Your capital is at risk.

10. FBS

• Regulation: CySEC, MiFID
• Advantages:
  • Commission-free trading
  • ECN accounts
  • FBS CopyTrade
• Minimum Deposit: $1
• Open an Account: FBS

76.5% of retail accounts lose money when trading CFDs with this provider.

11. NPBFX

• Regulation: The Financial Commission (EDR)
• Advantages:
  • Proprietary trading platform NPBTrader connected to a liquidity aggregator
  • Membership in the Financial Commission, guaranteeing payment of up to EUR 20,000 for each trader claim
  • Social trading with access to the independent platform ZuluTrade
• Minimum Deposit: $10
• Open an Account: NPBFX

Your capital is at risk.

12. Dukascopy

• Regulation: FINMA, JFSA, FCMC
• Advantages:
  • Up-to-the-minute quotes
  • Permission to use algorithmic bots for automated trading
  • Client funds secure up to CHF 100,000
• Minimum Deposit: $100
• Open an Account: Dukascopy

75.2% of retail investor accounts lose money when trading CFDs with this provider.

13. Pepperstone

• Regulation: ASIC, FCA
• Advantages:
  • Attractive trading conditions
  • Fast order execution (average 30 ms)
  • 1200+ trading instruments
  • Low fees, no inactivity fee
• Minimum Deposit: $200
• Open an Account: Pepperstone

Your capital is at risk.

14. AvaTrade

• Regulation: ASIC, FSCA, FSA, FFAJ
• Advantages:
  • Accessible account opening
  • Free deposits and withdrawals
  • Great research tools
• Minimum Deposit: $100
• Open an Account: AvaTrade

71% of retail investor accounts lose money when trading CFDs with this provider.

15. Saxo Bank

• Regulation: FCA
• Advantages:
  • 35,000 tradable instruments
  • No deposit and withdrawal fees
• Minimum Deposit: $2000
• Open an Account: Saxo Bank

Your capital is at risk.

16. eToro

• Regulation: FCA, CySEC, ASIC, Seychelles
• Advantages:
  • Advanced social trading network
  • Free stock and crypto trading
• Minimum Deposit: $50
• Open an Account: eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

17. Gerchik&Co

• Regulation: VFSC
• Advantages:
  • Wide range of trading instruments (over 360 assets)
  • Permission to use EAs and other instruments for technical analysis and trading automation
  • High order execution speed
• Minimum Deposit: $100
• Open an Account: Gerchik&Co

Your capital is at risk.

18. Deriv

• Regulation: MFSA, Labuan FSA, VFSC, FCA
• Advantages:
  • A wide range of payment agents for deposit and withdrawal
  • Trading instruments across different groups
  • Choice of three convenient trading platforms
  • No commission for maintaining a trading account and using its platforms
• Minimum Deposit: $1
• Open an Account: Deriv

Your capital is at risk.

19. FP Markets

• Regulation: FCA and ASIC
• Advantages:
  • Demo account
  • Negative balance protection
  • Personal account manager
• Minimum Deposit: $100
• Open an Account: FP Markets

Your capital is at risk.

20. WForex

• Regulation: VFSC
• Advantages:
  • Commissions compensation when depositing
  • Low barrier for entry with a $1 deposit
  • Safe-box account with high interest rates
  • Free and easy currency conversion and cash transferring between trade accounts
  • ECN/STP technologies to avoid conflicts of interest
• Minimum Deposit: $1
• Open an Account: WForex

Your capital is at risk.

21. FxOpen

• Regulation: AFSL, FCA
• Advantages:
  • Wide variety of financial instruments for trading
  • Range of account types, including special accounts for trading cryptocurrencies
  • Minimum commissions for withdrawal and a Cash-back program to reduce commission fees further
  • PAMM-service for successful traders’ transactions copying and availability of auto-trading
• Minimum Deposit: $1
• Open an Account: FxOpen

77% of retail investor accounts lose money when trading CFDs with this provider.

22. Fusion Markets

• Regulation: ASIC, VFSC
• Advantages:
  • Support for copying services for passive investing
  • Low trading fees, no deposit fees
  • Fast registration and a convenient trader’s office
• Minimum Deposit: $1
• Open an Account: Fusion Markets

Your capital is at risk.

23. FXTM

• Regulation: FCA, CySEC, FSCA, FSC
• Advantages:
  • A wide range of trading accounts
  • Abundant training materials
  • Ability to use automated programs in trading
  • Ultra-low spreads starting from 0.0 pips
• Minimum Deposit: $10
• Open an Account: FXTM

80% of retail investor accounts lose money when trading CFDs with this provider.

24. BlackBull Markets

• Regulation: FSA, FMA
• Advantages:
  • Spreads from 0.0 pips
  • Leverage up to 1:500
  • Minimum deposit of $0
  • Over 26,000 tradable instruments
• Minimum Deposit: $200
• Open an Account: BlackBull Markets

Your capital is at risk.

25. SuperForex

• Regulation: IFSC
• Advantages:
  • Leverage up to 1:2000
  • 0% commission
  • Access to a wide range of trading instruments, including EUR/USD, Gold, Crude Oil, NAS100, TSLA, and more
• Minimum Deposit: $1
• Open an Account: SuperForex

Your capital is at risk.

26. Interactive Brokers

• Regulation: CFTC, NFA, SEC, FINRA
• Advantages:
  • Large investment selection
  • Strong research and tools
• Minimum Deposit: $1
• Open an Account: Interactive Brokers

Your capital is at risk.

27. FXCM

• Regulation: FCA
• Advantages:
  • Wide range of popular trade tools
  • Reliable and reputable regulator
• Minimum Deposit: $50
• Open an Account: FXCM

Your capital is at risk.

28. HYCM

• Regulation: FCA, CySec, DFSA
• Advantages:
  • Good liquidity
  • Fast execution of orders
  • Over 300 trading instruments
  • 5 types of investments
  • Spreads from 0.1 pips
  • Protection against negative balance
• Minimum Deposit: $100
• Open an Account: HYCM

Your capital is at risk.

29. ActivTrades

• Regulation: FCA, SCB
• Advantages:
  • Over 1000 trading instruments
  • Top-notch training
  • Spreads from 0.5 pips
  • Deposit insurance up to $1 million
• Minimum Deposit: $500
• Open an Account: ActivTrades

76% of retail investor accounts lose money when trading CFDs with this provider.

30. ACY Securities

• Regulation: ASIC, VFSC
• Advantages:
  • Low-cost trading
  • Fast execution under 30ms
  • Spreads from 0.0 pip
• Minimum Deposit: $50
• Open an Account: ACY Securities