The United Kingdom has one of the strongest regulations, FCA, that requires brokers to segregate their funds. Other standout features of this regulation are negative balance protection and compensations in case of broker insolvency. Check out our top 10 best brokers for British traders based on spreads, trading platforms, and customer service.
Best Forex Brokers in UK
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24/7 instant money withdrawal
Affiliate Program
Pros
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NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.
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NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.
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NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.
Cons
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NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.
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To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.
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NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.
Withdrawal fee
$0 (conditions apply)
Deposit fee
4.8
Max leverage
1:500
Min deposit
$20
Top Regulators
FIU
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24/7 instant money withdrawal
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Affiliate Program
Pros
-
NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.
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NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.
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NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.
Cons
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NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.
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To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.
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NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.
- Withdrawal fee$0 (conditions apply)
- Deposit fee$0
- Max Leverage1:500
24/7 instant money withdrawal
Specialized trading accounts
Pros
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High Leverage Options
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Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
Withdrawal fee
$0
Deposit fee
4.7
Max leverage
1:3000
Min deposit
$1
Top Regulators
No
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24/7 instant money withdrawal
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Specialized trading accounts
Pros
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High Leverage Options
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Low Initial Deposit Requirements
Cons
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:3000
Specialized trading accounts
Free VPS hosting
24/7 instant money withdrawal
Pros
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Regulated by Top-tier Authorities
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Low Spreads and Commissions
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Popular Trading Platforms
Cons
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Limited Asset Coverage
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Platform Selection Limited
Withdrawal fee
$0
Deposit fee
4.8
Max leverage
1:888
Min deposit
$5
Top Regulators
ASIC, FSC, CYSEC
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Specialized trading accounts
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Free VPS hosting
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24/7 instant money withdrawal
Pros
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Regulated by Top-tier Authorities
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Low Spreads and Commissions
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Popular Trading Platforms
Cons
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Limited Asset Coverage
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Platform Selection Limited
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:888
24/7 Multilingual Customer Service
Proprietary Copy Trading App
Pros
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Wide Range of Account Types: PU Prime provides a variety of account types designed to suit different trading styles and experience levels, from beginners to advanced traders.
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Great Leverage: Control larger positions using minimal capital, thanks to leverage of up to 1:1000. This allows you to maximize opportunities in the market but remember, while higher leverage can enhance potential gains, it also increases risk.
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24/7 Multi Channel Support: Round-the-clock assistance is provided by PU Prime through multiple channels, including live chat, email, and phone support. Services are offered in 18 languages, ensuring accessibility for a diverse range of traders.
Cons
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Slightly Higher Spreads: For no-commission accounts, spreads starting at 1.3 pips are slightly higher than the industry average.
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High Minimum Deposit: High minimum deposit for the low-spread and commission-based accounts
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No EU Regulations: Despite being regulated by 4 authorities, including top-tier ASIC, the broker does not offer dedicated EU regulation for European clients.
Withdrawal fee
$0
Deposit fee
4.6
Max leverage
1:1000
Min deposit
$20
Top Regulators
Yes
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24/7 Multilingual Customer Service
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Proprietary Copy Trading App
Pros
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Wide Range of Account Types: PU Prime provides a variety of account types designed to suit different trading styles and experience levels, from beginners to advanced traders.
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Great Leverage: Control larger positions using minimal capital, thanks to leverage of up to 1:1000. This allows you to maximize opportunities in the market but remember, while higher leverage can enhance potential gains, it also increases risk.
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24/7 Multi Channel Support: Round-the-clock assistance is provided by PU Prime through multiple channels, including live chat, email, and phone support. Services are offered in 18 languages, ensuring accessibility for a diverse range of traders.
Cons
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Slightly Higher Spreads: For no-commission accounts, spreads starting at 1.3 pips are slightly higher than the industry average.
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High Minimum Deposit: High minimum deposit for the low-spread and commission-based accounts
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No EU Regulations: Despite being regulated by 4 authorities, including top-tier ASIC, the broker does not offer dedicated EU regulation for European clients.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Rating
4.6
/ 5
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Start trading
76-77% of retail investor accounts lose money when trading CFDs with this provider.
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
Cons
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
Withdrawal fee
$0
Deposit fee
4.2
Max leverage
1:50
Min deposit
100$
Top Regulators
FCA, CFTC, NFA, CIRO, CIMA, CYSEC
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Specialized trading accounts
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24/7 instant money withdrawal
Pros
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Top-Tier Regulation
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Low Forex Fees
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No Withdrawal Fees
Cons
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High Stock CFD Fees
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Limited Product Portfolio
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User Interface Could Be More Intuitive
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:50
Start trading
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76-77% of retail investor accounts lose money when trading CFDs with this provider.
Rating
4.6
/ 5
Expand
Start trading
71% of retail investor accounts lose money when trading CFDs with this provider.
Pros
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Well-Regulated
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Wide Range of Markets
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Advanced Trading Tools and Platforms
Cons
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Inactivity Fees
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Limited Account Types
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Limited Leverage
Withdrawal fee
N/A
Deposit fee
4.6
Max leverage
N/A
Min deposit
N/A
Top Regulators
N/A
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Pros
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Well-Regulated
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Wide Range of Markets
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Advanced Trading Tools and Platforms
Cons
-
Inactivity Fees
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Limited Account Types
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Limited Leverage
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
Start trading
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71% of retail investor accounts lose money when trading CFDs with this provider.
24/7 instant money withdrawal
Pros
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Unlimited demo account: Both new and experienced traders can access the different HYCM demo accounts across the broker’s platform for as long as they like. This will help new players become better skilled and experienced players more familiar with the various trading environments on the platform.
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Supports multiple languages: Another HYCM bonus is its earned regulatory approval in 140 countries. This strongly indicates the broker’s versatility. Depending on the traders’ nationality, anyone can enjoy full access to the trading platform in their preferred language.
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Long-standing reputation: With over 40 years in the financial industry, HYMC stands tall as an industry leader that has stood the test of time. Its financial services have also improved over the years to increase the platform’s functionality and create an enjoyable trading experience.
Cons
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Customer support is unavailable during weekends: Since the broker offers financial services for some trading instruments that operate 24/7, customer support must be available round the clock. However, HYMC’s customer support services across all platforms are only available on weekdays. This means traders have to wait till weekdays to access customer support if the need arises on weekends.
Withdrawal fee
No
Deposit fee
4.8
Max leverage
1:400
Min deposit
20$
Top Regulators
FCA
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24/7 instant money withdrawal
Pros
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Unlimited demo account: Both new and experienced traders can access the different HYCM demo accounts across the broker’s platform for as long as they like. This will help new players become better skilled and experienced players more familiar with the various trading environments on the platform.
-
Supports multiple languages: Another HYCM bonus is its earned regulatory approval in 140 countries. This strongly indicates the broker’s versatility. Depending on the traders’ nationality, anyone can enjoy full access to the trading platform in their preferred language.
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Long-standing reputation: With over 40 years in the financial industry, HYMC stands tall as an industry leader that has stood the test of time. Its financial services have also improved over the years to increase the platform’s functionality and create an enjoyable trading experience.
Cons
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Customer support is unavailable during weekends: Since the broker offers financial services for some trading instruments that operate 24/7, customer support must be available round the clock. However, HYMC’s customer support services across all platforms are only available on weekdays. This means traders have to wait till weekdays to access customer support if the need arises on weekends.
- Withdrawal feeNo
- Deposit feeNo
- Max Leverage1:400
Free VPS hosting
Specialized trading accounts
24/7 instant money withdrawal
Pros
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Regulated by multiple authorities
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Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
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Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Cons
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Limited educational resources for beginners
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Limited research tools
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Limited customer support options compared to some other brokers
Withdrawal fee
$0
Deposit fee
4.4
Max leverage
1:1000
Min deposit
$10
Top Regulators
FSRA
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Not available in
8
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Free VPS hosting
-
Specialized trading accounts
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24/7 instant money withdrawal
Pros
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Regulated by multiple authorities
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Offers a wide range of assets, including cryptocurrencies, stocks, indexes, metals and oil
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Multiple trading platforms are available, including MetaTrader 4, MetaTrader 5 and MetaTrader 5 web
Cons
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Limited educational resources for beginners
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Limited research tools
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Limited customer support options compared to some other brokers
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
Exceptional Execution
US Clients
Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
Withdrawal fee
N/A
Deposit fee
4
Max leverage
1:50
Min deposit
N/A
Top Regulators
CFTC, NFA
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Available in
9
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Exceptional Execution
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US Clients
-
Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
- Withdrawal feeN/A
- Deposit feeN/A
- Max Leverage1:50
24/7 instant money withdrawal
Free VPS hosting
Specialized trading accounts
Pros
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No obligation demo accounts with US$50,000 of virtual funds to practice with
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24/5 Customer support available
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Multilingual support in 14 languages
Cons
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Limited trading platform options
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Limited trading instruments
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Only forex and CFD trading
Withdrawal fee
N/A
Deposit fee
4.5
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC
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10
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-
24/7 instant money withdrawal
-
Free VPS hosting
-
Specialized trading accounts
Pros
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No obligation demo accounts with US$50,000 of virtual funds to practice with
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24/5 Customer support available
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Multilingual support in 14 languages
Cons
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Limited trading platform options
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Limited trading instruments
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Only forex and CFD trading
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
