Forex Broker Reviews: 27 FCA-Regulated Brokers Covered

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is general information, not financial advice. Advertiser disclosure.

Pepperstone (90/100) leads our current scoring, with OANDA (88/100) and Interactive Brokers (87/100) next, then Capital.com (85) and Forex.com (83); CMC Markets, Tickmill and Vantage sit behind them tied on 82. This page ranks all 27 FCA-regulated forex and CFD brokers we cover for UK traders: 26 carry a scored review built on the same eight-criteria model and a disclosed evidence basis, and each review links the broker’s Firm Reference Number so you can confirm the FCA authorisation yourself.

The 27 brokers ranked

Every broker below holds FCA authorisation. Scores come from our eight-criteria model, and the spread shown is each broker’s average across eight major pairs on the account it leads with, from our monthly spread benchmark. Minimum deposits change often, so each row points to the review rather than publishing a figure that may be stale.

Scores are from our UK eight-criteria model. The spread shown is the average across eight major pairs (EUR/USD, GBP/USD, EUR/GBP and the main USD/JPY, AUD and CAD crosses) on the account named, from our monthly spread benchmark; raw, Razor and Zero accounts also carry a commission. Interactive Brokers and City Index are not in that benchmark, so each shows its tested EUR/USD modal instead. Minimum deposits change often, so each cell points to the review rather than a figure that may be stale. Confirm current pricing on the broker's UK site before relying on any figure. markets.com has withdrawn from UK retail and is kept only as a status record, not ranked.

How we built this list

Every broker here holds FCA authorisation. We do not list offshore-only names, whatever leverage they advertise. What FCA cover buys a UK trader is segregated client money, FSCS eligibility up to £85,000 per person, mandatory negative balance protection and access to the Financial Ombudsman Service if a complaint goes unresolved.

Each broker is scored on more than 100 data points across eight weighted criteria, led by trading costs at 25%, then trust and regulation at 20%. Our writers open live accounts, fund them in GBP and place trades, and no broker pays for placement or a scoring change. Behind every score sits the same disclosed basis: a live UK account opened at the broker’s FCA-authorised entity, funded in GBP and traded. Most brokers now show a tested modal spread, recorded on a live UK account in July 2026; a few whose UK spreads are dynamic or unpublished stay at the advertised rate. The methodology page documents the process.

Our scoring weights

Best broker for different trader types

Not sure where to start? Each card points to the reviews and the relevant comparison, grouped by what matters most to you.

Highest-rated brokers right now

Pepperstone tops the model at 90/100 on the balance of raw-account cost, platform breadth and FCA regulation. OANDA follows at 88/100 on transparent pricing and platform breadth, and Interactive Brokers at 87/100 on direct market access and the cheapest share dealing in the set. Capital.com (85) and Forex.com (83) come next, and CMC Markets, Tickmill and Vantage tie on 82/100, each leading a different dimension, from market range to raw cost.

How FCA regulation shapes the UK shortlist

The FCA decides what a broker can offer UK retail clients, and that shapes who appears here. Every listed broker holds FCA authorisation with a Firm Reference Number, offers FSCS cover up to £85,000 per person and answers to the Financial Ombudsman Service. Retail leverage is capped, negative balance protection is mandatory, bonuses are banned and crypto CFDs are banned for retail under PS20/10. A broker that serves UK clients only through an offshore arm is left off, not dressed up as a UK option. A broker that later withdraws from UK retail, as the discontinued markets.com brand did, is kept only as a status record rather than presented as live.

How to choose from these brokers

Start with what you trade and how often. A cost-focused, active trader leans toward the raw-account names like Pepperstone, Eightcap and Tickmill. Beginners value a clean platform and protection, where Plus500 and eToro lead. Someone who wants the widest market range looks at IG and CMC. The best forex brokers UK pillar ranks the field overall, and the comparison guides break it down by cost, platform and trader type.