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UK Broker Directory

Every FCA-regulated UK forex broker we cover

All 12 brokers below hold current FCA authorisation, offer FSCS protection up to £85,000 and have been tested with live capital by the Amazing Reviews desk.

What's on this page

What to expect from the Amazing Reviews broker directory

This page is the full directory of FCA-authorised UK forex and CFD brokers covered by the Amazing Reviews editorial desk. Every broker listed here is checked against the current FCA Register before publication, tested with our own capital across a 60-day live-account window, and scored on the same four pillars, Regulation & Safety, Pricing & Execution, Platforms & Tools, and Service & Support, so scores are directly comparable across the entire directory.

Rankings on this page are earned, not sold. Amazing Reviews may earn a commission when a reader opens a funded account through one of the broker links, but the ranking order is decided by the editorial desk before commercial terms are ever agreed. Offshore firms that cannot be located on the FCA Register do not appear on this page, regardless of the commission on offer. If a broker cannot legally hold UK client money it does not belong on a UK ranking table.

Use the cards below as a first pass, then move to the compare tool if you are choosing between two or three finalists. If you are opening your first live account, start with the beginner-focused brokers near the top of the list; if you are moving broker to cut cost, jump straight to the compare tool. Between 69% and 82% of retail investor accounts lose money when trading CFDs and spread bets, and choosing the wrong broker is one of the fastest ways to make that outcome more likely.

1IG
4.9/5
IG logo

The 50-year benchmark every UK broker is measured against.

Min Deposit
£0
Min Spread
0.6 pips
Regulation
FCA #195355
Since
1974
Pros
  • FCA authorised since 1974, LSE-listed (FTSE 250)
  • 17,000+ markets including 90+ FX pairs
  • Award-winning IG Academy education library
Cons
  • Standard forex spreads slightly wider than raw-spread rivals
  • Overnight financing on CFDs above industry average
  • No cTrader or TradingView integration
IG WebMT4ProRealTimeL2 DealerFull IG reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.

2CMC Markets
4.8/5
CMC Markets logo

Award-winning Next Generation platform, built for chartists.

Min Deposit
£0
Min Spread
0.7 pips
Regulation
FCA #173730
Since
1989
Pros
  • 115+ indicators and 80+ drawing tools on Next Generation
  • 12,000+ instruments including 330+ FX pairs
  • LSE-listed with FSCS protection to £85,000
Cons
  • MT5 not supported
  • Platform learning curve for beginners
  • Guaranteed stop-loss carries a premium
Next GenerationMT4TradingViewFull CMC Markets reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider.

3Pepperstone
4.8/5
Pepperstone logo

Raw institutional spreads with sub-30ms execution.

Min Deposit
£0
Min Spread
0.0 pips (Razor)
Regulation
FCA #684312
Since
2010
Pros
  • Razor account raw spreads from 0.0 pips + £5 round-turn
  • Widest platform line-up in the UK market
  • Execution averaging 30ms via Equinix LD5
Cons
  • No proprietary web platform beyond a light app
  • Limited long-term investing products
  • Not the strongest research desk
MT4MT5cTraderTradingViewFull Pepperstone reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider.

4Saxo
4.7/5
Saxo logo

Danish investment bank pedigree, 71,000+ instruments.

Min Deposit
£500
Min Spread
0.4 pips
Regulation
FCA #551422
Since
1992
Pros
  • Full investment bank, not just a CFD desk
  • 71,000+ instruments including bonds, options, futures
  • Institutional-grade SaxoTraderPRO desktop
Cons
  • £500 minimum deposit on Classic tier
  • Best FX pricing reserved for VIP volume tier
  • Custody fees on unfunded portfolios
SaxoTraderGOSaxoTraderPROSaxo MobileFull Saxo reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider.

5Capital.com
4.7/5
Capital.com logo

AI-guided trading with a beautifully designed mobile app.

Min Deposit
£20
Min Spread
0.6 pips
Regulation
FCA #793714
Since
2016
Pros
  • Zero-commission CFDs across 6,000+ markets
  • Investmate AI education app included free
  • Tight EUR/USD spreads from 0.6 pips
Cons
  • No spread betting product
  • Younger firm compared to LSE-listed peers
  • Overnight financing on longer holds
Capital.com WebCapital.com MobileMT4TradingViewFull Capital.com reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider.

6IC Markets
4.7/5
IC Markets logo

True ECN broker with 40ms execution via Equinix.

Min Deposit
$200
Min Spread
0.0 pips (Raw)
Regulation
FCA #Passported via CySEC
Since
2007
Pros
  • Genuine ECN routing, no dealing-desk intervention
  • $7 round-turn commission on Raw Spread account
  • 40ms average execution via Equinix NY4 & LD5
Cons
  • UK clients onboarded via CySEC entity, not FCA-direct
  • No spread betting
  • USD base currency by default
MT4MT5cTraderFull IC Markets reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider.

7Forex.com
4.6/5
Forex.com logo

Fortune 500 backing with best-in-class research.

Min Deposit
£100
Min Spread
0.8 pips
Regulation
FCA #113942
Since
2001
Pros
  • Backed by NYSE-listed StoneX Group
  • Performance Analytics dashboard included
  • 80+ currency pairs with deep liquidity
Cons
  • £100 minimum deposit
  • Inactivity fee after 12 months dormant
  • Standard spreads on lower-volume tiers
Web TraderMT4MT5TradingViewFull Forex.com reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider.

8Interactive Brokers
4.7/5
Interactive Brokers logo

The professional's terminal, at retail prices.

Min Deposit
£0
Min Spread
0.1 pips
Regulation
FCA #208159
Since
1978
Pros
  • Access to 150 markets in 33 countries
  • Industry-leading margin rates
  • Institutional-grade Trader Workstation
Cons
  • TWS has a steep learning curve
  • Data subscriptions charged per exchange
  • No spread betting product
Trader WorkstationIBKR MobileIBKR DesktopAPIFull Interactive Brokers reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider.

9City Index
4.6/5
City Index logo

London since 1983, powered by StoneX.

Min Deposit
£100
Min Spread
0.5 pips
Regulation
FCA #113942
Since
1983
Pros
  • 40+ years of London market expertise
  • Performance Analytics dashboard
  • Backed by NYSE-listed StoneX Group
Cons
  • Standard spreads wider than ECN specialists
  • MT5 not offered
  • Inactivity fee applies
Web TraderMT4TradingViewFull City Index reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.

10OANDA
4.5/5
OANDA logo

Transparent pricing pioneer with flexible lot sizes.

Min Deposit
£0
Min Spread
1.0 pips
Regulation
FCA #542574
Since
1996
Pros
  • No minimum deposit, no minimum lot size
  • Historical spread transparency published monthly
  • Award-winning API for developers
Cons
  • Standard spreads wider than raw-spread specialists
  • Fewer instruments than multi-asset rivals
  • Inactivity fee after 12 months
OANDA TradeMT4MT5TradingViewFull OANDA reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.

11XTB
4.5/5
XTB logo

Award-winning xStation 5 with 0% commission stocks.

Min Deposit
£0
Min Spread
0.5 pips
Regulation
FCA #522157
Since
2002
Pros
  • xStation 5 consistently wins platform awards
  • 0% commission on real stock trading up to €100k/month
  • FCA-regulated UK arm (522157)
Cons
  • MT4/MT5 no longer supported
  • Only proprietary platform available
  • Spread markup on stock CFDs
xStation 5xStation MobileFull XTB reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider.

12Plus500
4.4/5
Plus500 logo

FTSE 250 listed with a clean, mobile-first platform.

Min Deposit
£100
Min Spread
0.8 pips
Regulation
FCA #509909
Since
2008
Pros
  • FCA + FSCS + FTSE 250 listing (LSE)
  • Ultra-clean proprietary platform
  • Guaranteed stop-loss orders available
Cons
  • No MT4, MT5 or cTrader
  • No spread betting
  • Limited research and education
Plus500 WebPlus500 MobileFull Plus500 reviewCompare with rivals
TRADE NOWREAD FULL REVIEW

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider.

Still deciding?

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UK Broker Directory

More on the UK broker directory and FCA-regulated UK brokers

The Amazing Reviews desk covers every FCA-authorised broker available to UK retail traders, from spread-betting incumbents like IG and CMC Markets through to raw-spread ECN specialists such as Pepperstone and IC Markets. Every firm we list holds current FCA authorisation, offers FSCS protection up to £85,000 on eligible claims, and has been tested live by our editorial desk in Canary Wharf with real capital before we publish a verdict.

the UK broker directory is one slice of that coverage. The pages below extend the analysis into related categories, side-by-side comparisons and the methodology behind our scoring. If you are opening your first live account, start with the beginner ranking; if you are moving broker to reduce costs, jump straight into the comparison tool and pull the tightest spreads by session.

None of the brokers on Amazing Reviews are offshore or unauthorised. If a firm cannot be located on the FCA Register we do not cover it, regardless of commercial incentive. Every ranking is decided before any commercial conversation opens, and we routinely publish critical verdicts on brokers we hold commercial arrangements with.

The directory itself is refreshed after every 60-day evaluation cycle. That cadence matters, spreads move, platforms change, and FCA permissions get amended. When a broker on our list changes materially between cycles, we publish an interim update rather than wait for the next full pass. That is the same standard we apply whether the firm has a commercial relationship with Amazing Reviews or not.

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8Interactive Brokers
4.7
Interactive Brokers logo
The professional's terminal, at retail prices.
FCA #208159 · Min £0 · Spread 0.1 pips

Interactive Brokers offers 150 markets markets on Trader Workstation and IBKR Mobile with FSCS protection up to £85,000. Best for: Professionals and cross-asset traders.

Start tradingRead review
11XTB
4.5
XTB logo
Award-winning xStation 5 with 0% commission stocks.
FCA #522157 · Min £0 · Spread 0.5 pips

XTB offers 6,000+ markets on xStation 5 and xStation Mobile with FSCS protection up to £85,000. Best for: Traders wanting a single, polished proprietary platform.

Start tradingRead review
3Pepperstone
4.8
Pepperstone logo
Raw institutional spreads with sub-30ms execution.
FCA #684312 · Min £0 · Spread 0.0 pips (Razor)

Pepperstone offers 1,200+ markets on MT4 and MT5 with FSCS protection up to £85,000. Best for: Scalpers, EAs and high-frequency intraday traders.

Start tradingRead review