Compare UK Forex Trading Platforms

Compare UK forex trading platforms from the best UK forex brokers side by side & quickly find the best forex broker UK account for the way you plan to trade foreign currency. Our UK forex trading exchange rates comparison tables make it easy to compare foreign currency trading rates and accounts from the best forex brokers UK wide.
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 Account TypeTradingRolling Daily Spread 
VirtualMobileReal TimeEUR/GBPEUR/USDGBP/USD
InterTrader Direct
 
Forex Trading
Trading
0.8
pips
0.4
pips
0.8
pips
MT4 No dealing desk FX with tight spreads and no requotes. Losses may exceed deposits, please ensure you understand the risks.
Forex.com
Forex Trading
Trading
2.4
pips
1.7
pips
2.1
pips
A global leader in Forex trading with tight variable spreads, low roll rates and quality executions on all markets. Your capital is at risk
UFX Markets
Forex Trading
Trading
5
pips
3
pips
5
pips
Offering the best trading conditions for Forex, Indices, Commodities, Stocks and CFD's, and a 30% sign-up bonus
FXCM
Forex Spread Betting
Spread Betting
2.6
pips
2.6
pips
2.7
pips
FXCM -Online Currency Trading Free $50,000 Practice Account
Markets.com
Forex Trading
Trading
4
pips
3
pips
3
pips
View and copy the decisions of the Top Traders in real-time and replicate their success. New clients will also receive the full training kit!
Price Markets (UK)
 
Forex Trading
Trading
0.6
pips
0.4
pips
0.7
pips
Get up to 50% Deposit Bonus, Up to 10% spread/commission rebate or 50 USD No Deposit Bonus. Losses May Exceed Deposits.
Plus500
Forex Trading
Trading
5
pips
2
pips
4
pips
Get a 25 Euro welcome bonus. CFDs are a leveraged product and can result in the loss of your entire deposit.
Hirose Financial UK Ltd
 
Forex Trading
Trading1 pip
0.8
pips
0.9
pips
ETX Capital
Forex Trading
Trading
1.5
pips
0.7
pips
0.9
pips
Money.co.uk EXCLUSIVE: Make your first deposit with ETX today and get up 60% Deposit Match Bonus.
City Index
Spread Betting Account
Spread Betting
1.3
pips
1 pip
1.5
pips
One of the leading providers of spread betting, CFDs and forex trading in the UK, City Index has nearly 30 years' experience in the industry
IronFX
Forex Trading
Trading1.2 pip
1.2
pips
1.3
pips
IronFX are currently offering a 60% welcome bonus on initial deposits this month up to $5000.00. See website for details.
eToro
Forex Trading
Trading.
4
pips
3
pips
4
pips
Easy Forex
Forex Trading
Trading
3
pips
1.8
pips
3
pips
Free one-to-one tuition with your live account, *quote money.co.uk for a 20% deposit bonus*
IG
Spread Betting
Spread Betting
1.46
pips
0.92
pips
1.44
pips
99.5% of trades executed in under 0.1 seconds - 60 FX pairs from just 0.8 pips - Live Reuters news - Trade on charts - Trailing stops - Free mobile and iPad trading apps
Saxo Capital Markets
 
Forex Trading
Trading
3
pips
2
pips
3
pips
IG
CFDs
CFD
2.2
pips
1.7
pips
2.2
pips
Direct Forex DMA from 0.1 pips - Full individual client fund segregation - Free live Reuters news & Advanced charts - No minimum deposit - Free mobile & iPad trading apps
Spread Co
CFD Trading
CFD
2
pips
1.5
pips
2
pips
Trade with low margins and tight spreads.
Spread Co
Spread Betting
Spread Betting1 pip
0.8
pips
1 pip
0.8 Fixed spreads available 24hrs on EURUSD.
Capital Spreads
Spread Betting
Spread Betting0.8 pip1 pip
1.8
pips
InterTrader Direct
 
CFD Trading Account
CFD1 pip1 pip
2
pips
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Trading foreign exchange is a high risk activity and you may lose more than your initial deposit. Make sure you understand the risks before opening an account.

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How to Find the Best UK Forex Trading Platform

The foreign currency market is the biggest financial market in the world. With almost £1 trillion traded every day it is significantly bigger than the world’s stock markets combined.

How to Find the Best UK Forex Trading Platform

In recent years, a large number of foreign exchange brokers have come in to the market.

They allow you to open a UK foreign currency trading account which means you can profit from correctly predicting movements in exchange rates between the British pound and other currencies.

What is forex currency trading?

Foreign exchange is a market where you can trade foreign currency. You will often see it referred to as ‘forex’ or ‘FX’.

When you trade foreign currency you have to select a ‘currency pair’. You always buy one currency and sell another.

For example, you might buy the British pound against the US dollar, anticipating the pound will increase in value relative to the dollar. If the pound does rise relative to the dollar, you can close your position and make a profit. However, if the pound weakens against the dollar you’ll have made a loss when you close your trade.

The main currencies you will trade in are known by three letter abbreviations such as EUR (euro) and GBP (British pound).

One of the main advantages of online currency trading is that you can use a system called ‘leveraging’. This means that you can trade a value of currency far in excess of the capital in your forex account.

For example, if you were to trade £50,000 on the GBP/EUR currency pair you would be required to have just £1,000 at a 2% margin in your account to open your position.

You will of course be liable for the full amount plus losses if things don't go according to plan and it's important to be aware of the risks before you start trading forex.

What to look for when you compare UK forex trading platforms

There are three main factors to take into account when you compare UK forex trading platforms:

  • What type of forex currency trading they offer
  • The currencies they offer access to
  • What their ’spreads’ are
  • How they let you manage your UK foreign currency trading account

There are different types of forex currency trading such as ‘contracts for difference’ (or CFDs), spread betting or traditional trading. Make sure you open the right account.

In addition, it is useful to compare the ‘spreads’ offered by the best UK forex brokers. These are the difference between the ‘buy’ and ‘sell’ price of the currencies and is effectively the brokers’ commission. Generally speaking you will find that brokers who offer narrower spreads offer better value.

You must also look at the range of currencies on offer to ensure that you're able to trade on the forex markets that you're most interested in.

Finally, you should compare UK forex trading platforms. These are the ways that you can manage your forex currency trading account.

The best UK forex brokers have both an online and a mobile service so you can buy and sell in real time on your PC, laptop, Mac, iPhone, iPad or smart phone.

They'll also offer loss limiting tools such as guaranteed stop loss orders and these are important in ensuring you don't lose more than you can afford.

When you're comparing your options look for the forex trading platform that offers the most competitive spreads on the currencies you want to trade on combined with the trading facilities you'll find most valuable.

Forex Trading Comparison