The m annual review is among the most cited in the industry. With over 60,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Industry leaderstrust usbecause ourrigorous testingis totally independent and 100% unbiased.

Trading forex (currencies) in the United Kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by theFinancial Conduct Authority (FCA), which is the financial regulatory body in the UK. The FCAs website .uk. We recommend UK residents also follow the FCA on twitter,@TheFCA.

The FCA was formed out of the Financial Services Act of 2012, effectively replacing its predecessor, the Financial Services Authority (FSA). For a historical breakdown, heres a link to Financial Conduct Authority webpage onWikipedia.

To find the best forex broker in the UK, we created a list of all FCA authorised brokers, then ranked brokers by both trustworthiness, as well as their Overall ranking from 2018 Review. The result is our top forex brokers list for the UK.

To identify if a forex broker is regulated by the FCA, the first step is to identify the register number from the disclosure text at the bottom of the brokers UK homepage. For example, heres the key disclosure text from IGs website,

Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.

Next, look up the firm on the FCA website to validate the register number is, in fact, legitimate. Here is the official FCA page forIG Markets Limited.Related Articles

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.Learn more.

Since 1974, join 195,000 traders worldwide, listed on the FTSE 250Visit Site

Trade major forex pairs from 0.1 pipsVisit Site

Tight spreads, low margins and fast executionLearn More

Exclusive market analysis, Trading signals, Fast ExecutionTry a demo now

Exceptional execution. No minimum trade size. No minimum deposit.Learn More

Award-winning platforms & Competitive spreadsLearn More

Trade Global Markets with ThinkTraderLearn More

20+ Years of Experience, LSE Listed & FCA RegulatedLearn More

OverallRead the WorldWideMarkets ReviewCompare Selected

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

IG -76% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you can afford to take the high risk of losing your money.

OANDA – CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Disclaimer: It is our organizations primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokers.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.