Best Forex Brokers in UK for 2026
Top FCA-regulated forex brokers offering spread betting, tax-free profits, and GBP accounts for British traders.
Written by
Lisa Martinez
Fact Checked by
James Wilson
Top 10 Forex Brokers for UK Traders in 2026
The UK remains a global forex hub under the strict supervision of the FCA. Entering 2026, spread betting retains its tax-free status for retail traders, offering a key advantage over CFDs. Our updated rankings prioritize brokers with confirmed 2026 FCA standing, superior GBP payment speeds, and robust spread betting platforms. Pepperstone and IG continue to lead the market with exceptional service and execution.
Is forex trading regulated in the UK?
Yes, forex trading in the UK is regulated by the Financial Conduct Authority (FCA). UK traders benefit from strong protections including segregated client funds and FSCS coverage up to £85,000.
Key Features for UK Traders
Compare essential features of FCA-regulated forex brokers available to UK residents.
| Broker | ||
|---|---|---|
| Axi | £3.50/lot | £0 |
| CMC Markets | None | £0 |
| IG Group | None | £250 |
| Pepperstone | £2.25/lot | £0 |
| Saxo Bank | None | £500 |
| City Index | None | £100 |
| XTB | None | £0 |
| Spreadex | None | £0 |
| FXCM | None | £50 |
| Admiral Markets | None | £100 |
Detailed Broker Analysis
Best overall forex broker for UK traders.
CMC Markets is a FTSE 250 listed company offering over 10,000 instruments through their award-winning Next Generation platform. UK traders enjoy tight spreads, excellent research, and comprehensive educational resources.
Market leader with 50 years of experience.
IG Group is the UK original CFD and spread betting pioneer. With five decades of experience, they offer unparalleled market access, award-winning platforms, and world-class customer support.
Ultra-low spreads for active traders.
Pepperstone delivers institutional-grade execution with some of the tightest spreads in the market. Their Razor account is perfect for scalpers and high-volume traders seeking raw pricing.
Premium platform for sophisticated investors.
Saxo Bank offers a premium trading experience with superior research, multi-asset trading, and professional-grade platforms. Ideal for experienced traders and high-net-worth individuals.
Excellent mobile trading experience.
City Index combines competitive pricing with an excellent mobile app and strong research tools. A great choice for UK traders who want flexible trading on the go.
Strong research with xStation platform.
XTB's proprietary xStation platform offers advanced charting, sentiment analysis, and excellent execution speeds. Popular among technical traders for its innovative tools and comprehensive market analysis.
Spread betting specialists for UK traders.
Spreadex specializes in spread betting and CFDs, offering tax-free spread betting for UK residents. Known for competitive spreads on sports betting and financial markets.
Proven execution with competitive pricing.
FXCM has been serving UK traders since 1999 with reliable execution and transparent pricing. Their trading platform offers a range of tools for both beginners and experienced traders.
Low-cost trading with advanced tools.
Axi (formerly AxiTrader) offers optimized MT4 terminals with advanced ProTrader tools. FCA regulated with competitive spreads and fast execution, popular among systematic traders.
MetaTrader specialist with broad asset range.
Admiral Markets (now Admirals) specializes in MetaTrader platforms with extensive customization options. Offers over 8,000 instruments and excellent educational resources for traders at all levels.
Frequently Asked Questions
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January 2026