Forex Brokers in UK
While the Forex market is an international decentralized entity where trading operations are mainly processed online, it can be a good idea to deal with a broker that is based in or at least has some offices in the country of your residence. Forex brokers presented here have are regulated in the United Kingdom. UK Forex brokers are known for their reliability due to being under regulation of the Financial Conduct Authority (FCA), which includes participation in the Financial Services Compensation Scheme. This feature makes the UK-based FX brokers attractive even to the citizens of other countries. FX companies based in the United Kingdom also normally offer possibility of spread betting in addition to traditional spot Forex trading. You will find 66 brokers listed in the table below.
Not all FX brokerage companies regulated by the FCA are fully operating from the United Kingdom. Some could be based in other countries and using their FCA regulated entity for some narrow purposes only. In that case, you may find an option to open an account with a non-UK division of a UK-regulated company more attractive in terms of trading conditions.
The following reasons should be considered when deciding to open a live account with one of the UK-based Forex brokers:
- You live in the United Kingdom and wish to benefit from tax-free spread betting.
- You firmly believe in the regulatory power of the British Financial Conduct Authority.
- You trust the reputation and expertise of brokers from the world's financial capital.
- You want to benefit from the security of the Financial Services Compensation Scheme.
