Choosing a good forex broker is essential to successful online currency trading. Not only can they help you execute the best trades with the lowest prices, but they should also be able to offer you decent customer service and not incur hidden charges that could potentially eat into your profits.

The best forex brokers in the UK should also offer a wide range of markets and instruments for you to trade. But with so many brokers to choose from, how can you know which one is right for you?

To help you choose the best forex broker for your needs, we have compiled a list of the top six UK forex brokers. As all traders are unique and have their own trading styles, this list includes brokers that cater best to different kinds of traders.

eToro – Best overall forex broker

eToro is our top pick for the best general forex broker in the UK. This popular brokerage offers more than 50 currency pairs to trade and other assets, including stocks and ETFs. This makes it very appealing for those who want to trade forex primarily.

XM Group – Best overall

XM Group is a leading online broker that offers trading in various financial instruments, including forex, CFDs, stocks, indices, metals, and energies. TXM Group is regulated by the Financial Conduct Authority (FCA) in the UK and several other major financial regulators worldwide.

FBS – Best for beginners

FBS is an international forex broker that offers trading in various financial instruments, including forex, CFDs, stocks, indices, metals, and energies. FBS is regulated by the Financial Conduct Authority (FCA) in the UK and several other major financial regulators worldwide.

FXCM – Best for advanced traders

FXCM is a leading online broker that offers trading in various financial instruments, including forex, CFDs, stocks, indices, metals, and energies. FXCM is regulated by the Financial Conduct Authority (FCA) in the UK and several other major financial regulators worldwide.

IG – Best for experienced traders

IG is a leading online broker that offers trading in various financial instruments, including forex, CFDs, stocks, indices, metals, and energies. IG is regulated by the Financial Conduct Authority (FCA) in the UK and several other major financial regulators worldwide.

Even though IG prefers experienced traders due to their wide range of instruments and technical tools on their platform, they also cater to beginner traders with their extensive library of educational trading content, tools, and glossary.

Saxo Bank – Best for active traders

Saxo Bank is a leading online broker that offers trading in various financial instruments, including forex, CFDs, stocks, indices, metals, and energies. Saxo Bank is regulated by the Financial Conduct Authority (FCA) in the UK and several other major financial regulators worldwide.

Saxo offers a wide range of instruments and markets in the same way as IG. In addition, they provide professional customer service that can answer your queries in multiple languages. They also offer a demo account on which traders can test their dedicated platform before committing their capital.

Conclusion

These are the top six UK forex brokers. Each broker is regulated by the Financial Conduct Authority (FCA) in the UK and offers various financial instruments, including futures trading.

You have your trading style, and the broker you choose should be tailored to your needs and goals. Therefore, while popular reviews and opinions may help, they only do so to an extent. To find the broker that suits your needs, you should do sufficient research before settling down with anyone.