Best Forex Trading Platform UK

Best Forex Trading Platforms in UK 2018Finding the best forex trading platform in the UK can prove to be quite the challenge. Today, there is a lot of brokers offering great FX trading platforms. Going through several hundred FX brokers and decide which trading platform is the best one, is very time-consuming.

We are here to help, we have compared all trading platforms available in the UK and boiled it down to one toplist with 6 brokers. All these brokers are regulated and licensed to offer forex trading for UK based clients.

Let us give you the answer for the best forex trading platforms in the UK below:

Find the best trading platform. You capital is at risk when trading. Be careful.

If you are based in the UK and you are looking for a forex platform, the first thing you need to make sure of is that the platform is regulated. Does the platform have a license to offer FX in the UK? This is the most critical aspect when choosing a broker as unregulated brokers are unsafe to trade forex with. We are going to talk more about the license and regulation aspect later on in this article.

Choosing the best trading platform in the UK

If the license checks outs, we are good to go, but how do we determine what platform is the best one?  You will have to consider a few different things:

  • Trading Platform – this is obviously the most important thing to look at. What trading platform does this broker offer? Meta Trader 4? (MT4), Meta Trader 5? (MT5) or a customized forex trading platform? If you know what you are looking for this won’t be hard but for beginners, it might be tricky. We recommend that you keep it simple. Advanced trading functions and complicated trading platforms come later.
  • Spread – The spread is simply the difference between BID  (BUY) and ASK (SELL). The spread will vary depending on the trading platform (which broker) and what currency pair you are looking at. The spread is the cost of each trader and you will want this one in the optimal range. A high spread means the broker is charging a lot of commission.
  • Functionality – You need to make sure that the functionalities you are looking for are available in the trading platform. It might be simple stuff like stop loss or more advanced functions such as APIs or historical data analysis for different forex pairs.
  • Currency pairs – Some brokers offer only 10 currency pairs while other brokers offer over 100+. Make sure that the currency pairs you are looking to trade are available
  • Leverage – Leverage will be slightly different from platform to platform as well, on some brokers its limited to 10:1 while other platforms are offering leverage up 500.1.
  • Customers service – Live chat, email or phone? How do you want to contact the broker? Does the trading platform offer the one you prefer?

Recommended UK Forex Trading Platforms, Reviews & Comparisons

In our general reviews, we are looking at all aspects of a broker, but since this article is focused around the best forex trading platforms in the UK, we have based the information below on this.

On a side note, we encourage you to read our full reviews to fully understand what you are signing up to.

1.Markets.com

Markets.com review – Simply of the top dogs in forex trading, fully regulated and safe to trade forex with. Offers one of the best trading platforms available for FX traders based in the United Kingdom.

  • One of the top trading platforms in the world.
  • Great spreads and no commission.
  • Offers leveraged forex trading.
  • Over 50 currency pairs available.
  • Free forex demo account: Yes.

Find the best trading platform. You capital is at risk when trading. Be careful.


2. AvaTrade

Avatrade review – Another top FX trading platform for UK traders, also regulated in the United Kingdom and thus safe to trade with. Even better spreads than markets.com and a ton of educational material to help improve your forex trading.

  • World class trading platform.
  • One of the best spreads in the industry.
  • 30:1 leverage for forex.
  • 50+ currency pairs including major, minor and exotic forex pairs.
  • Free forex demo account: Yes.

Find the best trading platform. You capital is at risk when trading. Be careful.


3. eToro

eToro review – One of the most popular trading platforms in the UK, known for a very solid trading platform and copy trading. Offers competitive spreads and are fully regulated in the UK.

  • eToro has developed their own trading platform.
  • Competitive spreads on major pairs.
  • Leveraged trading.
  • 40+ currency pairs.
  • Free forex demo account: Yes.

Find the best trading platform. You capital is at risk when trading. Be careful.


4. IQ Option

IQ Option review – Only looking at the trading platform, we almost want to put IQ Option #1, they offer one of the best platforms in the industry and have more forex pairs than most other platforms. Regulated and licensed to operate with the UK.

  • Best trading platform for retail FX traders
  • Competitive spreads on forex pairs.
  • Leveraged forex trading.
  • 90+ currency pairs.
  • Free forex demo account: Yes.

Find the best trading platform. You capital is at risk when trading. Be careful.


5. Plus500

Plus500 review – Plus500 is probably the most known trading platform in the United Kingdom, and they do belong on our list of best trading platforms. Regulated and one of the safest platforms to trade with.

  • Developed their own platform.
  • Competitive spread.
  • 30:1 leverage.
  • 50+ currency pairs.
  • Free forex demo account: Yes.

Find the best trading platform. You capital is at risk when trading. Be careful.


6. Libertex

Libertex review – Another great forex trading platform in the UK, regulated and with over 2.2 million clients across the world. You can’t go wrong with Libertex.

  • Offers a unique trading platform
  • 0 Spreads, yes, you read that right
  • 1:500 multiplier.
  • A good selection of currency pairs.
  • Free forex demo account: Yes.

Find the best trading platform. You capital is at risk when trading. Be careful.

FCA or CySEC regulation and license in the United Kingdom

In order for a broker to be operative in the UK, you need a license from the FCA (Financial conduct authority) or CySEC (Cyprus Securities and Exchange Commission), of the broker you are looking at, is not regulated by the FCA or CySEC then that broker is very likely a scam.

Both these organizations are giving out a required license that you need in order to operate a forex trading platform in the UK, and the rest of EU. Without such a license, the trading platform you are looking at will be operating unregulated. If you choose to trade with an unregulated forex trading platform then you are at a very high risk of being scammed or losing your capital.

If a broker has a license from one of these then you can rest assure that your capital is safe with them. FCA or CySEC will have full insight in the brokers operation, and you as a trader will be protected.

Any broker regulated by the FCA or CySEC is safe to trade with if you are based in the UK.