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.

To find the best account for spread betting on forex from our selection of providers, you should:

  • Choose the currency pair you want to spread bet on

  • Consider comparing companies by checking the spreads they offer

  • Check if there are any additional fees or charges you need to pay

  • Look at the features the platform, and try a demo account if you can

  • Check if there are any fees you might have to pay, e.g. commission or inactivity fees

It is also worth looking at the margin to see what level of leverage you can use. Remember that forex markets are highly volatile and you can lose more money than you deposit in a trading account.

What currency pairs are available?

Our comparison table helps you compare the spreads on the following currency pairs:

  • EUR/GBP

  • USD/JPY

  • GBP/USD

  • EUR/USD

However, each provider may offer a wider range of currency pairs. Consider checking what other options are available by visiting the provider's website.

Forex spread betting FAQs

Q

Do forex trading companies charge fees?

A

Some charge for cash withdrawals or for not using your account for over a year. Check each company's terms before opening an account.

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 in the UK?

A

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

Q

What tax is charged on forex trading?

A

Any profits you make are not subject to Income Tax, Capital Gains Tax or Stamp Duty.

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 spread betting platforms comparison

Q

Who do we include in this comparison?

A

We include forex spread betting accounts 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.