15 Best UK Forex Trading Platform for Beginners in 2022

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Posted by: Freddie NorthMarch 6, 2022 Updated: March 7, 2022

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If you have decided to trade in the UK market, choosing the right Forex broker is paramount. Most companies offer services for beginners, but which one is the best? Our detailed comparison of the best forex brokers for beginners and their platforms is exactly what you need. We have researched their offers in detail to help you make an informed decision and kickstart your career.

Inexperienced traders need a user-friendly platform that facilitates learning. For example, MetaTrader 4 is preferable to MetaTrader 5, as its interface is more simple and intuitive. The reputation of the provider is just as important, as unlicensed brokers will put your data and the money at risk.

Fortunately, you do not have to pore over dozens of confusing articles. We have done all the hard work, looking at demo forex trading opportunities, educational content, and all the other essential features of trusted companies. Our team is proud to present 15 recommended brokers in 2021.

TOP 15 UK Forex trading platforms for Beginners for 2022

Risk Warning

We have researched dozens of brokers providing services in the UK. Our experts compared their background and legal status, key strengths and weaknesses, deposit requirements, withdrawal conditions, and other factors. Here are 10 UK best forex brokers for beginners in 2022 that we can recommend with confidence.

  1. eToro — most diverse copy trading features
  2. AvaTrade — best forex trading app for all levels 
  3. FxPro.com — most client-centric company
  4. FXTM — best for trading on the go
  5. FXPrimus.com — strong features for Forex and CFD copy trading
  6. Pepperstone — best MetaTrader 4 offer
  7. Forex.com — best cross-platform interface
  8. IG — best for robo-advisors
  9. Capital.com — most competitive commissions
  10. FXCM — best for Mac
  11. Markets.com — best for customized stock and CFD strategies
  12. ThinkMarkets — best fx broker with no deposit requirement
  13. City Index — most customizable workspace
  14. XTB — best trader sentiment tools
  15. CMC Markets — widest choice of assets

1. eToro

eToro UK

This platform offered by a London-based broker is focused on social trading. It has attracted 6 million investors worldwide since its launch in 2004. You can buy and sell stocks, currencies (47 pairs), ETFs, stock CFDs, indices, cryptocurrencies, gold, and silver from the same account. Newbie and professional traders can easily follow and copy each other. 

The company behind the platform is a strong Forex educator regulated in the UK, Australia, and Cyprus. Beginners can use a wide range of free courses and webinars. Demo accounts are free, too. 

For traders based in the UK, the minimum deposit is $200 ($500 for bank wire). Read about eToro Minimum Deposit. Trading stocks and ETFs does not entail fees.

On the flipside, withdrawal is not free — there is a fixed fee of $5. You will also have to use the same method for transferring money to and from your account: MasterCard and Visa, PayPal, or bank transfer. There are also substantial fees for inactivity, and support is based on web ticketing.

ProsCons
– World-famous copy trading environment
– Free trading of stock and ETF trading
– Zero conversion fees
– Interface resembles Facebook
– High non-trading fees
– High minimum deposit
– Withdrawal fee 
– One account base currency
– No phone support
– Limited customizability of charts

2. AvatradeGo

Avatrade Broker

AvaTradeGo is offered by an award-winning broker alongside MetaTrader products. It is a web-based product with multiple strengths: access to an array of markets, easy account opening, tight spreads, and multifaceted research tools. 

Avatrade was launched in 2006, which makes it a well-established provider. It is authorized in Ireland, the British Virgin Islands, and other jurisdictions. 

The platform is well-designed, user-friendly, and suitable for beginners and pros. It works in any browser. The company’s Trading Central feature provides powerful technical insight and instant pattern recognition. 

New clients need at least $100 to get started, but they may be eligible for a generous welcome bonus. The broker gives up to 40% of the deposit. This amount is calculated based on a sliding scale, and it is capped at $16,000. 

All of the instruments are accessed via trading CFDs, and copy trading is available. Withdrawals are free of charge, which is a major advantage. A wide range of methods is accepted: MasterCard and Visa, bank transfers, and e-wallets. 

On the downside, the fees for inactivity are relatively high, while the Forex fees are average. The platform also lacks two-step login and price alerts.

ProsCons
– No deposit or withdrawal fees
– Welcome bonus
– Works in any browser
– Good research tools
– No price alerts
– High non-trading fees
– No 2-step verification

3. FxPro.com

FXPro broker

Like Avatrade, this company was established in 2006. It is regulated in several jurisdictions aside from the UK — Cyprus, Bahamas, and South Africa. It has garnered over 60 industry awards. FxPro’s proprietary platform offers a relatively modest asset selection — Forex pairs and an array of CFDs (shares, futures, indices, energies, and spot metals)

The trading software is available as a web trader and a mobile app for iOS and Android. FxPro EDGE features over 50 technical indicators, 6 types of detachable charts, and 15 timeframes. In case of any questions, you can contact fast multilingual support. The company prides itself on its client-centric ethos, and customer service is therefore excellent.

The demo account is free. Another big strength is the complete absence of fees for deposits. Withdrawals are also free through a wide range of methods: MasterCard, Visa, bank transfers, and e-wallets. The lowest acceptable deposit is $100. 

On the downside, the cost of inactivity is substantial, and trading stock CFDs is relatively expensive. There are no bonuses.

ProsCons
– No deposit or withdrawal fees
– Highly customizable interface
– Advanced forex trading widgets
– Opportunity to switch between Dark and Light theme
– No bonuses
– High trading fees for some stock CFDs

4. FXTM Trader 

FXTM is one of the biggest global brands regulated by the FCA, the CySEC, and the FSCA. Its software is suitable for beginners, and it comes with a wealth of educational content. You can register a free demo account.

The FXTM Trader is a mobile app for Android and iOS. It gives access to over 250 instruments — currency pairs, spot metals, and CFDs on crypto, stocks, and commodities. The system provides live rates 24/5, and all transactions are easy to manage and track through a single dashboard

Users can deposit, withdraw and monitor their funds from within the app. It synchronizes with MetaTrader 4 and MetaTrader 5. You can trade in one click using state-of-the-art charting tools.

FXTM offers a variety of live account options. The lowest deposit on a Micro account is a mere £10! If you opt for the market-maker accounts, there are no forex-trading fees.

Another strength is the availability of copy trading. FXTM clients can follow real pros. The company compiles detailed ratings based on performance metrics, so you know who to pick.

Although FXTM does not charge a deposit fee, withdrawals cost $3 when using a credit card and between $20 and $40 for bank transfers. However, using the Neteller and Skrill wallets is free.

ProsCons
– One of the biggest brands
– Unlimited demo
– Wealth of educational resources
– Support of MT4 and MT5 
– Highly customizable interface and alerts
– Inactivity fee
– Withdrawal fee for bank transfers
– Relatively few assets

5. FXPRIMUS cTrader 

FXPRIMUS platform

This broker offers an easy-to-use and secure platform and ECN accounts without commissions. It has a wealth of educational resources for beginners, useful trading tools, and competitive spreads. Established in 2009, FXPrimus is regulated in three jurisdictions outside of the UK — Cyprus, Vanuatu, and South Africa. 

Using its cTrader software, you can trade Forex and CFDs on a variety of underlying assets — currencies, cryptocurrencies, indices, stocks, futures, metals, and energy. You can install the terminal on all devices: Windows and Mac computers, iOS and Android.

cTrader is a new addition to the broker’s software range — it was added in December 2021 to its set of MetaTrader products. The platform offers comprehensive risk management, fast execution, and analysis tools with high accuracy. 

This is a great environment for those who are learning the ropes. The detailed trade analysis interface will help you assess your strengths and weaknesses. There is a wide choice of indicators, which can be optimized. The system supports Expert Advisors for automated forex trading.

Finally, the key feature is cCopy. It allows you to replicate the strategies of other users automatically. Beginners can see how experienced traders work and learn from the best.  To get started, they need to deposit $100 or more using bank wire, credit card, e-wallets, or local transfer options. 

Pros Cons
– Strong copy trading features
– Robust research tools
– Free deposits and withdrawals
– Inactivity fee
– Best conditions require VIP account
– No fixed spreads

6. Pepperstone MetaTrader 4

Pepperstone

MetaTrader 4 is one of the most popular forex trading terminals in the world. It is offered by several thousand brokers, including this Australian provider. Pepperstone, incorporated in 2010, offers quick account registration, flexible digital access, and excellent customer support. Transfers to and from your account will be convenient, and the spreads on Majors are very tight. 

MetaTrader 4 is chosen by many beginners due to its relative simplicity. As they gain experience and expand their portfolios, they may transition to MT5, which has more advanced features and supports stocks. Through Pepperstone, you will be able to trade Forex pairs and CFDs.

The company does not offer bonuses, but you can try their demo for free. MetaTrader 4 is highly customizable, and it also allows the use of Expert Advisors. The Autochartist tool identifies statistically significant forex market movements. 

The desktop version comes with 85 pre-installed indicators for greater insight into market trends. It has multiple chart setups and supports the backtesting of strategies. 

There is no minimum deposit for the Standard account. For UK residents, withdrawals are free, but the conversion fee applies. The payment methods include MasterCard and Visa, bank transfers, and PayPal. 

The broker has approval from regulators in the UK, Germany, and Australia. After Brexit, traders from the EU have been served by other branches. 

Pros Cons
– Leading global platform
– No minimum deposit requirement
– 85 pre-installed indicators
– Support of EAs
– Backtesting capabilities
– Multilingual support
– Inactivity fee
– Best conditions require VIP account
– No fixed spreads

7. Forex.com

Forex.com UK

One of the greatest things about this platform is that its interface looks virtually the same regardless of the device. You can access the same terminal from your desktop browser, smartphone, or tablet. 

This broker has been in business for two decades — since 2001. Its parent company StoneX Group Inc is listed on the NASDAQ Stock Exchange. Forex.com is regulated in several jurisdictions, including the UK and the US. 

Traders can access Forex, CFDs (stocks, indices, commodities), and cryptocurrencies. The demo account is free for 90 days. The minimum deposit is $100, but the welcome bonus promotion allows you to get up to $5,000 as a 20% bonus on your first deposit. 

The platform has 70+ technical indicators, and users can trade directly from charts. Just click and drag your orders to easily edit them. Customization is robust, as everything from drawing tools to indicators is optimizable. You can have your preferences applied to future sessions automatically. Over 10 time intervals are supported, from tick to monthly.

This broker boasts some of the lowest Forex fees in the industry. It offers a wide variety of pairs (90) and over 4,500 markets. All withdrawals are free. 

On the downside, the fees for CFD trading are not the lowest. In terms of payment methods, the broker only supports bank transfer, wire transfer, and debit cards.

Pros Cons
– Broad range of currency pairs
– The verse tools for technical analysis
– Modest Forex fees
– Over 70 indicators
– One-click trading
– Customizable layout
– High fees on stock CFD trading
– E-wallets not supported

8. IG

IG

This broker established in 1974 is not shy to say that its product is the UK’s best trading platform. In 2021, it received the ADVFN  International Financial Awards. IG is one of the few UK forex brokers listed on the London Stock Exchange and the biggest provider of CFDs worldwide. It is authorized by the local FCA, as well as BaFin in Germany, and other global regulators. 

The range of assets includes Forex, CFD, options, ETFs, stocks, IPOs, and Robo-advisory in the UK. You can open a free demo account and use a wealth of educational resources. Oversight from top-tier regulators and excellent educational tools are the biggest advantages. 

The company’s own platform comes with a smart deal ticket system. It has a simple and clear design with a specs summary in a separate tab. Users can monitor market prices, spreads, and margins at a glance, reduce their risks with stops and limits, including guaranteed stops.

The technical tools include 28 indicators and 19 drawing features. The timeframes range from tick to monthly, and you can compare up to four of them on one chart. Fundamental traders can use financial updates from Twitter, Reuters, and in-house analysis.

The broker does not require a minimum deposit for bank transfers (it is $300 otherwise). All withdrawals are free. Clients can transfer funds via MasterCard, Visa, and PayPal. However, the portfolio is relatively limited, and fees for trading Forex and CFDs are quite high. 

Pros Cons
– No minimum deposit for bank transfers
– Award-winning platform
– Strong oversight
– Support of robo-advisors
– Strong selection of technical tools
– Relatively limited asset range
– High fees for Forex and CFD trading

9. Capital.com

Capital.com

This broker’s platform is great Forex and CFDs. The company, which was established in 2016, boasts some of the tightest spreads and multilingual support (24 languages!). Aside from the UK (London), it is licensed in Cyprus and Belarus. 

Over 6,000 assets are available, including mutual funds. The platform has a web and mobile version, both intuitive and focused on smart risk management. 75  technical indicators and a rich array of drawing tools will help you make your first stops in trading. You can toggle in and out of multiple tabs, personalize your watchlist, and more.

At the moment, Capital.com offers a signup bonus of $50. Its demo accounts are free. The minimum deposit is very low — $20 if you use MasterCard and Visa or Apple Pay. With bank transfers, the requirement is at least $250.  No withdrawal fees are charged, and you can use the same methods as for deposits.

The biggest drawbacks are the overnight fees and the absence of price alerts on the web platform. 

Pros Cons
– 0% commission, charges & fees6,000+ assets
– Fast order execution
– High-security standards
– Support of spread betting
– Low minimum deposit 
– No price alerts in the web platform
– Overnight fees

10. FXCM Trading Station

FXCM

 

This UK-based broker, which was established in 1999, belongs to the Jefferies Financial Group, a company listed on the New York Stock Exchange. It has excellent tools for technical traders and plenty of educational content. You can enter the markets for currencies, CFDs (stocks, indices, commodities), and cryptocurrencies. 

Trading Station Web has a fresh contemporary interface and clean navigation. It is also Mac-friendly thanks to HTML5. The mobile versions work on iOs and Android.

The web trader has excellent support for both technical and fundamental analysis. It comes integrated with an economic calendar and customized analytical tools. Your user profile and chart settings will be stored on the company’s cloud, so you can even share them with friends.

The demo account is free and comes with $20,000 in virtual money. All charts are customizable and detachable, so you can move them to a second monitor if you have an extra workspace. You can receive price alerts and trade directly from the charts. 

The platform also supports automated strategies including backtesting and optimization. A special SSI indicator will tell you about trader sentiment.

On the flip side, the range of instruments is limited to currencies and CFDs. The absence of two-factor authentication makes trading less secure, and the withdrawal fees are quite high if you use a bank transfer. The other methods are MasterCard, Visa, and electronic wallets.

Pros Cons
– Accounts are easy to set up
– Support of automated strategies
– Trader sentiment and real volume indicators
– Wide knowledge base
– Low minimum deposit ($50)
– Only currencies and CFDs
– Withdrawal fees

11. Markets.com Marketsi

Markets.com UK

This veteran CFD and Forex broker has been in business for over a decade — since 2008. It is a subsidiary of Finalto Limited, a UK-based constituent of Playtech, which is aт FTSE 250 listed company (LSE: PTEC). The provider is safe to trade with, as it is regulated by the CySEC and the FCA. 

The company offers a broad range of digital tools and 2,200+ instruments. Aside from currency pairs, commodities, and indices, clients may trade over 2,000 shares, 60 ETFs (exchange-traded funds), and 23 stock blends (handpicked and themed baskets). Only one account type is offered, but there is a free demo mode. 

The Marketsi platform is suitable for any CFD and shares trading strategy. It gives you complete control over your results with personalized industry-leading services. You can pursue traditional strategies or build your own.

The interface includes fundamental, technical, and sentimental tools. The latter indicate how the market feels about a particular asset. This feature is not available on MetaTrader. 

The minimum deposit requirement is £100. Deposits are accepted via Visa, MasterCard, e-wallets, and Fast Bank Transfer. Trading during the first 3 months has zero fees, and the commission rates applied afterward are highly competitive.

In case of questions, the company is at your beck and call by phone and live chat. It has a robust Knowledge Center packed with data for effective forecasts. For example, the XRay tool is a personalized service for streaming financial commentary. 

ProsCons
– No deposit and withdrawal fees
– Strategy Builder
– Trader sentiment tool
– 3 months of zero commissions
– Personalized VIP service
– No incentives for UK-based traders

12. ThinkMarkets

ThinkMarkets

This broker headquartered in London and Melbourne is the Best CFD Provider according to the City of London Wealth Management Awards in 2021. Founded in 2010, it is regulated in several jurisdictions by the ASIC, the FCA, and the FSCA. The ThinkTrader platform is one of its key strengths, along with attractive trading conditions and 24/7 support. 

The platform is used by over 500,000 users around the world. It has over 15,000 excellent reviews. Clients can trade on their desktop and mobile devices. The company offers over 1,600 instruments in total, including 38 currency pairs, 15 indices, and 1,500 CFDs on shares and ETFs. 

Over 80 indicators and 50 drawing tools are available. Thanks to up to 200 cloud-based alerts, you will not miss opportunities for profitable trades even when you are offline. The TrendRisk scanner spots optimal entry and exit moments across timeframes.

Orders may be closed in one click. The company’s proprietary trading toolkit provides a powerful range of technical analysis aids. Fundamental traders can stay up to date with real-time news from FXWirePro. 

The company does not offer deposit bonuses or loyalty systems. However, it has tight spreads (0.1 pip for EUR/USD), modest fees on the ECN account for currencies and metals (from £2.5), and reliable VPS with 0.01% downtime. Clients may choose between the ECN and the market-maker model.

Standard accounts do not have a minimum deposit requirement. Aside from debit and credit cards, clients may use bank transfers and e-wallets including BitPay. No fees apply. 

ProsCons
– Wide range of indicators 200 cloud-based alerts
– Fully featured mobile app
– One-click trading
– In-app deposits and withdrawals
– No minimum deposit requirement
– No incentives for UK-based traders
– No loyalty system

13. City Index

City Index TOP 15 forex brokers

This broker is one of the best intermediaries for beginners. It is a subsidiary of GAIN Capital Holdings Inc, which was established in 1999 to provide affordable access to FX markets. The brand is regulated by the FCA and the ASIC.

The proprietary web trader is offered in addition to MetaTrader 4. The unique platform features a range of intelligent tools, including custom indicators, Advanced charts, and customizable workspaces. It is also powered by HTML5, so Mac users have no problem accessing it.

Trade flexibly using multiple personalized workspaces. Switch between them with one click, and overlay multiple markets. The company’s smart trade tickets offer advanced risk management. For example, you can calculate limits and stops by price, points, or p&l.

The company’s key strengths are modest FX trading and withdrawal fees. Overall, clients have access to 12,000+ markets including 4,500 stocks and 21 global indices traded via CFDs.

Members from the UK may open a Self-Invested Personal Pension (SIPP) account or stick to standard types. 

You can start trading with £100. No incentives are available at the moment. All members can access a rich set of training resources for all levels, including webinars and videos. All transfers are free of charge. You can use bank wires, credit and debit cards, or PayPal. 

ProsCons
– Mac-friendly web platform
– Customizable workspaces 
– Free deposits and withdrawals
– Self-Invested
– Personal Pension (SIPP) account 
– High stock CFD fees
– Inactivity fee

14. XTB xStation5

XTB xStation5 broker

This brand has headquarters in the UK, Poland, and Spain. It was established in 2002 and holds licenses from the IFSC, the FCA, the CNMV, and the KNF. XTB is also an exchange-listed Forex and CFD broker. 

Its platform offers over 2,100 instruments through desktop and web terminals and 1,500 assets from its mobile app. The desktop platform is simple and intuitive. Its web version is compatible with 4 browsers — Chrome, Safari, Firefox, and Opera. You can trade CFDs on Forex, commodities, indices, stocks, and ETFs.

In addition to indicators, economic calendars, and news, users access trader sentiment analysis. The built-in calculator trading costs, profits, and losses before opening a position. You can modify Stop Loss and Take Profit directly on the chart or close all open positions with one click.

 The demo mode works for four weeks and comes with a hefty balance of £100,000. The website includes a wide selection of educational resources for different levels. The broker’s Trader Academy offers sources for all levels. 

There is no minimum deposit requirement. In terms of payment methods, the choice is wide: bank wires, credit and debit cards, PayPal, and Paysafe. No deposit or withdrawal fees apply.

On the downside, the welcome bonus is unavailable for clients from the UK, and just two accounts — standard and swap-free — are offered. Still, XTB is attractive for beginners due to its training resources.

ProsCons
– Wide range of educational resources
– No deposit or withdrawal fees
– Trading from charts
– Trader sentiment 
– Built-in calculator
– Web-version supports only 4 browsers 
– Fewer assets on mobile

15. CMC Markets

CMC Markets

This company’s web-based platform is the number one product in this category according to Forexbrokers.com Awards 2021. The company’s also praised for its ideas and strategies, seminars and webinars, and trade signal packages. 

The provider has a rich history, as it was founded in 1989. Headquartered in the UK and Germany, it is regulated by the FCA and BaFin. In addition to CFDs on Forex, commodities, indices, and shares, this company lets you trade Treasuries. UK clients can access a whopping 11,500+ instruments.

The platform is easy to use, powerful, and highly secure. Execution is lightning fast. You can pursue any strategy, short-term or long-term.

In addition to stop loss (including guaranteed) and take profit, you can modify your exit parameters with trailing stops, boundary orders, and partial closeout. Customizable price alerts will keep you updated.

The platform supports hedging and fully automated execution. You can trade in one click and update your position parameters directly from the chart. The broker boasts a 99.9% fill rate, which means that price deviations during trade execution are minimized.

The free demo account comes with £10,000 of virtual funds. There is no deposit requirement, and you may use bank transfers or Visa/MasterCard. All transfers are free. The biggest downside is that support is only available 24/5.

ProsCons
– Wide range of education resources
– Wide range of assets, including treasuries and options
– No deposit or withdrawal fees
– No minimum deposit requirement
– Spread betting supported
– High commissions on shares
– No CFDs on options
– Support only on weekdays

How to choose the best forex broker in the UK?

Choosing the best Forex Broker for beginners in the UK is not easy. You need to know at least the basic terminology first. Here are five factors to help you compare brokers. 

1. Regulatory oversight

The first prerequisite for successful trading is finding a regulated broker. All companies on our list are authorized by reputable industry watchdogs, including the FCA in the UK. They protect their users’ data and funds and offer negative balance protection. This means that even with the worst strategy, you can never lose more than your balance.

Nearly all companies offer free demo accounts, but switching from one broker to another is a hassle. Do some due diligence to make sure you get started with a reputable provider.

2. User-friendly interface

A convenient trading platform for beginners is well-structured and intuitively designed. It allows you to navigate through features quickly and easily. This means that all basic options and buttons must be understandable and easy to find.

Of course, there is a learning curve, and you cannot master all features immediately. However, if you look at a platform and feel that you do not like it, check other products. Confusing navigation will cause delays, affecting your results. 

3. Customer Support

Some brokers are reachable 24/7, others provide assistance on weekdays. Decide what is best for you. All of our recommended companies have diverse libraries of educational content and detailed FAQ sections. 

Human customer support is typically provided by phone, live chat, and email. If you use a generic platform, such as the MetaTrader 4 offered by Pepperstone, you can use a wealth of supporting information. If you trade in a proprietary terminal, you will need to contact the broker’s team every time. 

4. Educational Content

The best brokers for beginners have a strong focus on education. Their libraries include articles, webinars, special courses, videos, and more. What’s more, all of this information is offered for free. The absence of guides is a red flag. However, trading signals may be provided as paid packages. 

The wider and more diverse the library, the better. Some traders prefer articles, others want to see strategies in action on video. Some brokers have their own trading academies with courses for all levels, so you can gradually develop your competences in different markets.

5. Minimum deposits

Once your demo account expires, or you decide to enter the real market, you will need to top up your account. Modern brokers provide affordable entry. 

Some do not have any minimum requirements at all. For example, this is true for Pepperstone. The majority of companies require at least $100 or £100. Beginners should start with small accounts and avoid high-volume trades. Even if the broker allows you to start with any amount, this is not a reason to skip the demo stage.

Remember that trading is always risky, particularly for rookies. Typically, no deposit fees apply, and you can choose between bank transfer, credit/debit cards, and e-wallets.   

6. Extra tip: Small trading sizes

1 lot in Forex equals 100,000 units of the respective currency (e.g., 1 lot USD means $100,000). Choose retail investor accounts with modest trading volumes, such as 0.01 lots or 0.1 lots. This is typical for Micro and Mini accounts, respectively. Do not rush into high-volume trading before gaining confidence. The global financial markets are driven by myriad factors, and they are not fully predictable.

Forex Regulation in the UK

The local industry lacks regulatory transparency. Most top forex brokers are supervised by an independent agency responsible for regulating all businesses and investors — Financial Conduct Authority, or FCA.

Every company must be audited by the FCA or another reliable commission allowing it to work in the country. These alternative organizations include the Cyprus Securities and Exchange Commission, the Australian Securities and Investment Commission, National Futures Association, etc.

Methodology

We have summarized the key pros and cons of each system to help you choose your own best forex broker for beginners. In our analysis, we have considered the convenience of the user interface, trading conditions, and the reputation of the brokers behind these trading systems. No company is ideal by default, as the needs of beginners vary.

Summary: Best Forex Trading Platform UK for Beginners

So, which broker has the best forex trading platform for beginners? Our comparison table summarizes the key things to know. Traders are always seeking the tightest spreads, but there are many other criteria to consider. The minimum deposit reflects the cost of immediate market entry, but you should also learn about leverage to maximize gains later on. While this tool brings a high risk of losing money to rookies, it will come in handy as you gain experience.

UK BROKERLOWEST EUR/USD SPREADMINIMUM DEPOSITMAX RETAIL LEVERAGEMAX PROFESSIONAL LEVERAGEDemo account
eToro3$20030:1400:1Free and unlimited
Avatrade0.9£10030:1400:1Free and unlimited
FXPro.com1.2£10030:1500:1Free and unlimited
Plus5000.6£10030:1300:1
FXPRIMUS0.4£10030:1500:1Free and unlimited
Pepperstone0.630:1500:1Free and unlimited
Forex.com1.1£10030:150:190 days for free
IG0.6£25030:1222:1Free and unlimited
Capital.com0.6£20-25030:1200:1Free and unlimited
FXCM0.7£30030:1400:1$20,000
Markets.com0.6£10030:1300:1Free and unlimited
ThinkMarkets0.1£030:1500:1Free and unlimited
City Index0.5£10030:1400:1Free and unlimited
XTB0.530:1500:1£100,000
CMC Markets0.730:1400:1£10,000

Conclusion

Finding the best of all UK regulated brokers is a challenge, especially for beginners. If you want to trade the global markets, our list of recommended brands will help you. Each of these best forex brokers for beginners offers plenty of educational resources and support. Create a demo account today, start learning, and achieve financial freedom!

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