Risk warning: CFDs and leveraged forex are complex instruments and carry a high risk of losing money rapidly. Most retail investor accounts lose money when trading CFDs. Consider whether you can afford to take that risk.

Best Forex Brokers for 2026

Not financial advice. Our rankings and reviews are for general information only and are not a recommendation to open an account or to trade. Forex and CFDs are high-risk; consider independent advice and whether you can afford to lose your money.

Our overall ranking of the forex brokers we review, from the highest score down. It is the best starting point if you don't yet know which features matter most to you.

How we ranked them: We only rank brokers authorised by the UK's Financial Conduct Authority (FCA). Ranked by our overall score, a weighted average of fees (30%), trust and regulation (25%), platforms (20%), research and education (15%) and customer support (10%). Our methodology.

IG

Overall best all-rounder

FCA-authorised

4.7
EUR/USD cost
£4.53 /lot
Min deposit
£0
Regulators
6 incl. tier-1
  • No account, platform or inactivity fees
  • Decades-long history, parent listed on the LSE

69% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Pepperstone

Active traders wanting top-tier regulation

FCA-authorised

4.7
EUR/USD cost
£5.25 /lot
Min deposit
£0
Regulators
7 incl. tier-1
  • Razor account: raw spreads plus low fixed commission
  • Five platforms including TradingView and cTrader

72.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

CMC Markets

Charting and technical analysis

FCA-authorised

4.6
EUR/USD cost
£4.53 /lot
Min deposit
£0
Regulators
5 incl. tier-1
  • Advanced charting with pattern recognition
  • 21,000+ instruments including ~300 FX pairs

68% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Interactive Brokers

Professionals and large accounts

FCA-authorised

4.6
EUR/USD cost
~£4.18 /lot
Min deposit
£0
Regulators
6 incl. tier-1
  • Near-interbank forex pricing with low commission
  • Access to 170 market centres worldwide

57.9% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Saxo

Multi-asset investors

FCA-authorised

4.6
EUR/USD cost
£5.28 /lot
Min deposit
£0
Regulators
5 incl. tier-1
  • Superb in-house platforms
  • Enormous multi-asset product range

60% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

FxPro

Platform choice under FCA regulation

FCA-authorised

4.5
EUR/USD cost
~£5.28 /lot
Min deposit
£0
Regulators
4 incl. tier-1
  • FCA-regulated since 2010, with FSCS membership and negative balance protection
  • Wide platform choice: MT4, MT5, cTrader, TradingView and its own FxPro platform

79% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

XTB

Beginners wanting a great app

FCA-authorised

4.5
EUR/USD cost
£6.04 /lot
Min deposit
£0
Regulators
4 incl. tier-1
  • Award-winning xStation platform
  • Strong education library

74% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

Axi

MT4 traders wanting strong regulation

FCA-authorised

4.4
EUR/USD cost
~£3.40 /lot
Min deposit
£0
Regulators
4 incl. tier-1
  • No required minimum deposit; free card, PayPal and bank deposits
  • Raw-spread Pro account

66.36% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

FOREX.com

Wide choice of currency pairs

FCA-authorised

4.4
EUR/USD cost
£5.28 /lot
Min deposit
£100
Regulators
5 incl. tier-1
  • 80+ currency pairs
  • Part of publicly listed StoneX group

74% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

OANDA

US traders and beginners

FCA-authorised

4.4
EUR/USD cost
£4.53 /lot
Min deposit
£0
Regulators
5 incl. tier-1
  • No minimum deposit or withdrawal fees
  • Spread betting and CFDs on MT4, MT5 and TradingView

76.6% of retail investor accounts lose money when trading CFDs with this provider. We may earn a commission if you open an account.

How we make money: some links on this page are affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. This never affects our ratings, which follow our published methodology.