The Uk’S 6 Best Forex Trading Platforms 2024 Updated

We chose forex platforms with a wide range of currency pairs, providing diverse trading opportunities while enabling investors to spread risk and use various short-term strategies. Other assets you can trade are stocks, commodities, cryptocurrencies, indices and government bonds. Which assets are available on your trading platform will depend on your broker, and some brokers offer many more types of https://immediate-edge-app.org/ assets. Forex trading involves exchanging one currency for another to profit from fluctuations in the exchange rate. Unlike stock markets, the forex market is a decentralised global marketplace, and currencies can be traded around the clock. Forex trading is a popular investment option due to its potential for high returns and liquidity and low transaction costs.

XTB – Best Multi-Asset Forex Trading Broker

Conversely, a commission-based trading account charges a fee for each buy or sell transaction. Price quotes come directly from the interbank market and the broker’s liquidity providers, which usually leads to https://coinmarketcap.com/ narrower spreads for commission-based accounts. Forex brokers typically offer a range of trading accounts, from one to seven.

Customer Service

• We should note that the TD Ameritrade ‘Thinkorswim’ platform is best suited for experienced forex traders.
• While City Index only has RAW spreads for Australian clients, our tests found they offer the 2nd most competitive RAW spreads we’ve tested.
• Foreign exchange (forex) traders have access to the largest and most liquid market in the world, 24 hours a day, five days a week.
• Other brokers, such as OANDA, Saxo Bank and VT Markets, were considered in this review and may be featured on our other UK comparison page.
• The desktop version of the platform, while offering more features, does have a learning curve.

So whether you’re looking for the best forex brokers with low spreads, for small accounts, or for MT4, the first step in your comparison should be listing your top priorities. From there, you can check out our individual brand reviews or our ranking list of the best forex brokers of 2025. Saxo Markets is the best broker for trading forex options as they offer them as CFDs or on exchange contracts and have an intuitive and robust currency options chain on their SaxoTraderGo platform. Interactive Brokers is also an excellent choice for on exchange forex options.

Best forex broker for U.K. traders – IG

Founded in 1974, IG is a veteran of the forex and CFD industry and a publicly listed company on the London Stock Exchange. Offering over 17,000 tradable instruments across various AI trading platforms, coupled with low spreads and direct market access (DMA) trading accounts, IG stands out as a leading broker. The MT4, MT5, and cTrader platforms offer an excellent range of high-grade AI trading tools. All three offer the ability to easily create, test, and execute automated trading strategies. The broker’s free VPS service ensures any trading robots can trade 24 hours a day without interruption. Based on my experience, MT4 and MT5 hold an advantage because the MetaTrader Marketplace provides both free and paid automated strategies accessible to beginners.

OANDA is one of the most highly rated iOS and Android apps, making us rank it highly with 4.3 stars. It is also enriched with features that simplify market monitoring and trade execution from any location worldwide. OANDA Europe LTD’s trading app incorporates the MT4 platform, ideal for forex trading. For beginners, rest assured of a user-friendly and customisable fxTrade app and quality educational resources, including daily market analysis, trading guides, and webinars. With competitive and transparent pricing, reasonable spreads, direct trading from the charts, and a practice demo account, the platforms have a lot to offer for active forex traders. Foreign exchange (forex) traders have access to the largest and most liquid market in the world, 24 hours a day, five days a week.

Best Execution Speed

You might find other platforms with many currency pairs available for trading, and arguably, a few research features are average. Although XM has a user-friendly in-house mobile app, it only offers desktop and web trading on the MT4 and MT5 trading platforms. We like that the broker matches MT4 and MT5 with various trading tools, including VPS services and a powerful copy trading platform.

Which Platforms Suites Best AI Trading?

Has left the European Union, passporting is no longer supported from the U.K. Therefore, if you reside outside of the https://en.wikipedia.org/wiki/Foreign_exchange_company U.K., your broker may also need to be regulated in your country of residence. Before starting his career as a writer, Kane studied at the University of Central Lancashire where he received a Masters Degree in Financial Investigation and then a Research Doctorate in Criminal Justice. Pepi is passionate about helping people to make informed decisions through high-quality, educational content. You can also select the exact price that you want your forex trade executed at. To do this, click on the ‘Trade’ button at the top right-hand side of the box and select ‘Order’.

Complete List of Unauthorized Forex Trading Platforms and Websites (Last Updated in October

Pepperstone is aimed at more experienced forex traders, and is used by 400,000 traders worldwide. We liked the professional support we could receive from Plus500 when trading forex. We also found that our data and funds were protected and held in segregated bank accounts. The regulatory requirements accompanying this gave us the peace of mind that our funds were safe. Learn more about its full market offering at my complete review to Charles Schwab for forex trading. That said, IC Markets shines as the lowest-cost forex broker overall with industry-low spreads year after year.

To transition from a demo to a real trading account, https://www.tradingview.com/markets/currencies/ start with minimal bets to reduce risk and gain valuable experience. Customization is crucial, ensuring the platform accommodates individual preferences and offers versatile organization and presentation capabilities. Therefore, the platform should align with default configurations to suit each trader’s unique style preference.