Forex Broker


UK Forex Brokers

UK Forex Brokers list

There is only one authority in the UK that regulates online financial trading. It is called the Financial Conduct Authority, or is more commonly referred to as the "FCA". UK based traders can register and trade at any broker, however, as the UK is a member of the European Union, trading with an EU licensed and regulated broker will provide much reassurance and security. Should anything go wrong, your funds are strictly secured as per the regulatory requirements.

Here you will find a list of brokers that either chose to open an office in United Kingdom or were founded here. A definitive guide to finding the best forex trading platforms and brokers for UK and what to look for when selecting the chosen platform.

Title Minimum deposit Min.position size Platform Payment
10Markets $200 MetaTrader 4 CashU, Credit/debit cards, Wire transfer 0.01
Abshire-Smith $1,000 MetaTrader 4, VertexFX CashU, Neteller, Skrill, Wire transfer 0.1 lot
AccentForex $1 MetaTrader 4 Credit/debit cards, OKPAY, Skrill, WebMoney, Wire transfer 0.1
ActivTrades $100 MetaTrader 4 Credit/debit cards, Neteller, Skrill, SOFORT, Wire transfer 0.01
Admiral Markets $200 MetaTrader 4, MetaTrader 5 Credit/debit cards, Neteller, Skrill, SOFORT, Wire transfer 0.01
AFX Capital $200 MetaTrader 4, AFX FAST, AFX Infinity Credit/debit cards, WebMoney, Wire transfer 0.01
Alpari $1 MetaTrader 4, MetaTrader 5 FasaPay, Neteller, Skrill, WebMoney, Wire transfer 0.01
AMarkets (ex-AForex) $2 MetaTrader 4, xStation Credit/debit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, UnionPay, WebMoney, Wire transfer, Yandex.Money 0.001
bforex $100 PROfit CashU, Credit/debit cards, Neteller, OKPAY, paysafecard, QIWI, Skrill, SOFORT, WebMoney, Wire transfer, Yandex.Money 0.025
Citypoint Trading $500 VertexFX Credit/debit cards, Wire transfer 0.1
CMC Markets £200 CFD Platform, Spread Betting Platform Credit/debit cards, WebMoney 1
CMS Forex $250 MetaTrader 4, VT Trader Credit/debit cards, Wire transfer 0.01
DF Markets $1 DFTrader Credit/debit cards, Wire transfer 0.01
Finotec $200 MetaTrader 4, Sky Trader Credit/debit cards, Wire transfer 0.1
FOREX UKRAINE $200 MetaTrader 4 Credit/debit cards, EasyPay, Liqpay, PayPal, QIWI, Skrill, WebMoney, Wire transfer 0.1
Forex.com $250 MetaTrader 4, DealBook 360, FOREXTrader PRO Credit/debit cards, SOFORT, Wire transfer 0.1
Forex4you $1 MetaTrader 4 Credit/debit cards, Neteller, Skrill, WebMoney, Wire transfer 0.0001
FXCH $2,000 MetaTrader 4 Credit/debit cards, EgoPay, Liqpay, OKPAY, Wire transfer 0.1
FXCM $1 MetaTrader 4, Trading Station II, MirrorTrader, ZuluTrade, NinjaTrader Credit/debit cards, Wire transfer 0.01
FXOpen $1 MetaTrader 4 Bitcoin, CashU, Credit/debit cards, DIXIPAY, FasaPay, giropay, IntellectMoney, Liqpay, Litecoin, Local bank transfer, Namecoin, Neteller, Payza, QIWI, RBK Money, Skrill, SOFORT, UnionPay, WebMoney, Wire transfer, Yandex.Money 0.001

The Responsible Body in the UK for Forex Trading

If you are interested in doing Forex trading in the UK, you need to choose only the regulated brokerage under the supervision of the FCA (Financial Conduct Authority) which was previously called as the FSA. Choosing the regulated brokerages under the FCA will ensure the safety of your investment as well as making sure that the brokerage firm is working according to the business ethic and principle.

Understanding the FCA

In the past, financial services regulations were managed by the FSA (Financial Services Authority). But due to the global financial crisis in 2007and 2008, the British government decided that they should replace the FSA with two organizations, the FCA and the PRA (Prudential Regulatory Authority), a part of the Bank of England. The latter one will be responsible for most banking operations and activities while the previous one will be responsible for FX activities. Aside from managing the FX activities, the FCA is also responsible for monitoring the actions of regulated brokerage firms so they stay in the ethical path of business conduct.

The Role of the FCA

What is the main responsibility and role of the FCA in the CFD/FX industry, anyway?

  • They are created to protect customers. They make sure that customers won't fall victims to scams or unfair contracts. They will make sure that all transactions are running according to the business ethics.
  • They supervise and monitor firms. They will monitor the regulated UK forex brokers and perform assessment regularly.
  • They perform a disciplinary and fine action. This body has the power and the right to 'punish' any firm violating the law. They can fine a firm, revoke the business license, and such thing alike if they find a breach and a violation of the law.
  • They can release warning. If they find unregulated brokerages doing the wrong action, they will warn those firms. This is done for protecting the consumers and making sure of their well-being.