When choosing a best uk brokers forex, it is important to find one that is regulated by the Financial Conduct Authority (FCA). This ensures that the broker follows strict financial standards and keeps client funds in segregated accounts. It also means that traders are protected from fraud and can expect a safe and transparent trading environment.

Traders should also pay attention to non-trading fees, which include monthly account maintenance charges, deposit and withdrawal fees, and inactivity fees. These can add up quickly and should be taken into consideration when comparing forex brokers in the UK.

Top Forex Trading Platforms in the UK: Which One Should You Choose

The most popular UK forex brokers offer competitive spreads, easy-to-use trading platforms, and extensive educational materials. In addition, they offer a variety of accounts that cater to various investment sizes and trading styles. Some of these brokers also offer CFD trading on a number of different assets, including forex pairs.

XTB, for example, offers a competitive pricing model with spreads starting at 0.1 pips. Traders can also take advantage of the broker’s free market analysis and 24/5 customer support. The broker also offers a free MT4 and MT5 software that provides a robust set of tools for technical analysis and automated trading. The broker also rewards uninvested cash balances with a competitive 5.2% annual interest rate. IG, another popular forex broker in the UK, offers a diverse range of products and is regulated by the FCA. It offers traders access to over 100 forex pairs, plus the option to trade shares and ETFs using a single platform. In addition, it offers a number of advanced trading platforms and is available on multiple devices.