If you’re new to the best forex broker UK for beginners, you might want to consider selecting a broker that is regulated by the FCA. This regulator is the UK’s financial markets watchdog, and it works to keep the market competitive by ensuring that brokers are operating fairly with their customers. FCA-regulated brokers must meet several requirements, including limiting leverage to between 1:2 and 1:30 depending on the volatility of the asset, segregating client funds, and not offering misleading financial incentives and bonuses.

You should also look at a broker’s trading platforms and tools to see if they are right for you. The top-rated UK forex brokers will offer a suite of software that includes a powerful charting platform with advanced technical indicators and features, as well as a range of mobile applications and passivity tools such as education centres and economic calendars.

Starting Strong: Best Forex Brokers for Beginners in the UK

Those with a more technical background might want to opt for a platform like XTB’s bespoke xStation software, which offers a rich set of tools including 29 drawing tools and 37 technical indicators, as well as an integrated economic calendar and market sentiment data. Other perks that can make a forex broker stand out from the competition include low trading fees, free mobile apps, and a variety of payment methods.

The best UK forex brokers will provide access to a wide selection of currency pairs, as well as CFDs on indices, commodities, and cryptocurrencies. They should also offer competitive spreads, fast execution speeds, and low commissions. Traders should also look for a broker that offers a mobile app and a generous welcome bonus.