Forex Trading accounts are leveraged products and can result in losses that exceed your deposits. They may not be suitable for everyone. Please ensure you fully understand the risks and seek independent advice. Our tables are suitable for experienced investors only.

When looking for the best forex trading account available from the providers we compare, there are a range of things to consider:

  • The spread: Different providers offer different spreads on their trading accounts, which could directly affect the profitability of your trades. Compare the spreads available on different accounts for one that gives you the best rate.

  • Other fees: Some accounts have tighter spreads and charge a flat fee per trade, so you need to take these into consideration when looking for an account.

  • The platform: It is important to find a forex trading platform that has the features and usability you want. Some providers offer demo forex accounts that let you try out their platform to help you find one you are comfortable with.

  • App availability: If you want to trade on the go, check if the provider offers a mobile app.

  • Currency pairs available: Providers offer different currency pairs you can trade on so it's worth checking when looking for an account.

You also need to remember that forex markets can be volatile, and you could lose more than you deposit.

Forex trading platforms FAQs

Q

Do forex trading companies charge fees?

A

Some charge for cash withdrawals or for leaving your account inactive for over a year. Check each company's terms before opening an account.

Q

Do I pay tax when forex trading?

A

No, any profits you make are not subject to Income Tax, Capital Gains Tax or Stamp Duty.

Q

How much do I need to open a forex trading account?

A

Most accounts are free to open, but you need to deposit a minimum amount to begin forex trading, such as 100. Check the terms before you apply.

Q

Is forex trading regulated?

A

Yes, all UK based forex trading companies are regulated by the Financial Conduct Authority.

Q

Can I forex trade through a mobile app?

A

Yes, but only if the company offers a mobile app. You still need to open an account online and add money before you can forex trade on an app.

About our forex trading platforms comparison

Q

Who do we include in this comparison?

A

We include forex trading platforms from our panel. They are either authorised and regulated by the Financial Conduct Authority (FCA), or a European regulator and listed on the FCA register as EEA authorised.

Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

Q

How do we select our top forex providers?

A

We display a range of providers that have completed due diligence and passed our compliance checks.