Which is the Best Forex broker in the UK?

Of the top forex brokers that hold a license from the FCA, Pepperstone is our top choice for U.K. traders who want to use MetaTrader.

What is the forex market?

Representing every currency across the globe, the forex market is the largest and most liquid market in the world, with trading conducted 24 hours a day, five days a week. To trade forex, you need an online broker. Trading with a trusted forex broker is crucial for success in international currency markets.

Is forex trading legal in the UK?

Yes, forex trading is legal in the U.K. and regulated by the Financial Conduct Authority (FCA). The FCA requires that brokers obtain proper licensing and authorization in order to legally offer forex trading to clients. FCA-regulated brokers: Per the FCA’s handbook, forex is a regulated activity.

Are forex brokers regulated?

Many forex brokers are regulated. Brokers in the U.S. are regulated by the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), and France, Germany, Switzerland, Austria, Canada, and the United Kingdom also regulate forex brokers. Not all brokers are regulated, however, and traders should be wary of unregulated firms.