UK Forex brokers are brokerages based in the United Kingdom and regulated and authorized by the British FCA.
It’s generally recommended for all UK-based traders to use UK Forex brokers as the investor protection is much higher.
You will, for instance, have access to the Financial Ombudsman Service and the Financial Services Compensation Scheme (FSCS) free of charge.
In addition, the British FCA is considered to be the most respected and authoritative financial regulator in the world.
By using a UK forex broker, you can rest assured that your funds are safe and the broker is under intense scrutiny from the regulator.
Best UK Forex Brokers
No broker is best at absolutely everything but based on our comprehensive reviews and external reviews from actual traders, we consider the following brokers one the best UK forex brokers.
Pepperstone – Best UK Forex Broker 2022
Pepperstone Ltd (UK) is authorized and regulated by the Financial Conduct Authority (FCA) with reference number 684312.
The broker provides trading in more than 1,200 instruments with very low costs through four (!) trading platforms; MT4, MT5, cTrader, and TradingView.
In addition, you will find a massive amount of educational material, research, Webinars, and analysis from their experienced analysts.
🏆 Best TradingView Broker 2022
✅ 1:30 | 1:400 leverage
✅ MT4, MT5 & cTrader
✅ 1200+ instruments
✅ Raw interbank spreads
✅ Fast 24/5 customer support
eToro – Best UK Stock Broker 2022
eToro is authorized and regulated by the Financial Conduct Authority (FCA) with reference number 583263.
eToro is a multi-asset platform that let you invest in both psychical stocks and cryptocurrencies.
You can invest in stocks with 0% commission, no stamp duty, brokerage fee, or spread markup.
🏆 Best Investment Platform 2022
✅ 0.00% Commission
✅ Buy Real Cryptos (100+)
✅ 4000+ Assets
✅ CopyPortfolios
✅ Copy Traders Automatically
Conclusion
If you are a UK-based trader, you should definitely use an FCA-regulated forex broker as you will have excellent protection.
All the brokers mentioned above provide excellent services and are highly regarded among traders and investors.
