Platforms & apps
Compare UK forex trading platforms by pricing model, FX pair range, platforms, trading tools and FCA status. In the UK, many retail forex providers offer currency trading through CFDs or spread betting rather than direct institutional spot forex — this comparison also includes verified spot FX where applicable. Forex trading is high risk. Leverage can amplify losses.
Forex can cause rapid losses
Leveraged currency products are high risk
Compare spreads and FX pairs
Plus platforms and total costs
UK retail protections
Apply where eligible — still high risk
Choose your platform type
Funds, ISAs and long-term DIY investing.
Mobile-first share dealing apps.
UK and international share dealing.
SelectedFX brokers, spreads and software.
Multi-market CFDs and retail protections.
Crypto exchanges and apps.
Higher-risk leveraged products — not mainstream investing
Forex trading through leveraged products can cause rapid losses. In the UK, retail currency trading is often offered via CFDs or spread betting rather than institutional spot forex. UK retail clients may benefit from leverage limits, margin close-out rules and negative balance protection, but can still lose all the money held in their trading account.
Each provider should also display its current percentage of retail investor accounts that lose money when trading CFDs or spread bets with that provider. FCA authorisation does not remove market risk.
Five practical checks before you compare currency-trading platforms.
01
Trading costs
Compare spreads, commissions, overnight financing and account charges.
02
Platform
Check whether the broker offers MT4, MT5, TradingView or a proprietary platform.
03
FX pairs
Compare major, minor and exotic currency pairs and how many pairs each broker supports.
04
Trading tools
Consider order types, charting, alerts, automation and demo accounts.
05
FCA status & retail protections
Check the relevant legal entity, FCA status and which retail protections apply.
We compare participating providers and do not cover the whole market. WiT Money may receive a commission or referral fee from some providers if you proceed through a link. See how we make money
CFD forex
Multi-platform / commission-free forex CFDs
FCA regulated · FRN 434413
Product type
CFD forex
EUR/USD pricing
Target spreads from 0.5 pips
FX pairs
40+ major and minor forex pairs
Platforms
MT4 · MT5 · TradingView · +1 more
Current UK retail-loss warning requires verification.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spread betting · CFD forex
EUR/USD pricing
Dynamic; verify live instrument spread
FX pairs
120+ major, minor and exotic currency pairs
Platforms
MT4 · MT5 · TradingView · +1 more
65% of retail investor accounts lose money when spread betting and trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spread betting · CFD forex · Spot FX
EUR/USD pricing
FX spreads from 0.5 points
FX pairs
84+ global FX pairs
Platforms
MT4 · TradingView · +2 more
71% of retail investor accounts lose money when trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spread betting · CFD forex
EUR/USD pricing
FX Active from 0.0 pips; Standard pricing varies
FX pairs
300 FX instruments on proprietary platform; 175+ on MT4
Platforms
MT4 · TradingView · +2 more
68% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
CFD forex
EUR/USD pricing
From 1.0 pip on current UK forex page
FX pairs
40+ currency pairs
Platforms
MT4 · MT5 · TradingView · +1 more
78% of retail investor accounts lose money when trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
CFD forex
EUR/USD pricing
0.005% per trade on current EUR/USD CFD fee table
FX pairs
Currency-pair range shown on live fee table; exact count not used here
Platforms
Web · App
51% of retail investor accounts lose money when trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spread betting · CFD forex
EUR/USD pricing
Variable; use live spread widget / account pricing
FX pairs
40+ major, minor and exotic forex pairs
Platforms
MT4 · TradingView · +2 more
65% of retail investor accounts lose money when trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spread betting · CFD forex
EUR/USD pricing
From 0.6 pips; current MT4 avg 0.85 pips (00:00–21:00 on cited page)
FX pairs
Broad FX range; exact pair count not used as a hard filter in this audit
Platforms
MT4 · TradingView · +2 more
69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spot FX
EUR/USD pricing
Quotes can be as tight as 0.1 pip · From 0.20 basis point × trade value; $2 minimum/order
FX pairs
Spot currency universe; exact count not used here
Platforms
TWS · Client Portal · Web · Mobile
Currency trading can involve substantial risk; losses may exceed the original investment in some products/accounts.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spread betting · CFD forex
EUR/USD pricing
From 0.6 pips
FX pairs
70+ major and minor forex CFD pairs
Platforms
MT4 · MT5 · TradingView · +2 more
76.6% of retail investor accounts lose money when trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spread betting · CFD forex
EUR/USD pricing
Razor min 0.0 pips / Aug 2026 avg 0.1; Standard min 1.0 / avg 1.1; SpreadBet min/avg 0.5
FX pairs
90+ FX pairs
Platforms
MT4 · MT5 · TradingView · cTrader · +1 more
72.9% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
Spot FX
EUR/USD pricing
From 0.7 pips · Fixed USD 3 charge can apply to trades below 50,000 units of base currency
FX pairs
185+ FX pairs
Platforms
TradingView · +3 more
Spot FX and derivatives carry substantial risk; Saxo does not publish the same retail-CFD-loss percentage on the cited UK spot-FX page.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Product type
CFD forex
EUR/USD pricing
From 0.8 pips (current UK comparison page; spreads float)
FX pairs
70+ currency pairs
Platforms
xStation · Web · App
74% of retail investor accounts lose money when trading CFDs with this provider.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Important information
For leverage, margin and retail CFD protections, see CFD Brokers.
Forex trading through leveraged products can cause rapid losses. Eligible UK retail clients may have negative balance protection but can still lose all funds held in a trading account. Professional clients can lose more than they deposit. Fees, spreads and disclosures change. This is not personal advice. Confirm current terms and risk warnings on the provider’s website.
Our methodology
We compare UK forex brokers on currency-trading criteria — including major-pair spreads, commission, fx pair range, trading platforms, mt4 / mt5 availability, tradingview integration, demo accounts, automated trading / eas.
Commercial relationships do not determine factual provider information or our editorial guidance. For multi-market leveraged CFDs — markets, margin, overnight financing and retail protections — see our CFD Brokers comparison.
Last reviewed: 16 September 2026
Provider data checked: 16 September 2026
FCA status checked: 16 September 2026
Which page do you need?
In the UK, forex exposure is often provided through CFDs or spread betting, so the products overlap. These pages separate them by user intent and comparison criteria.
If your main interest is trading currency pairs, compare Forex Trading Platforms.
If you want leveraged access to indices, shares, commodities and other markets, compare CFD Brokers.
Currency pairs
Leveraged derivatives across multiple markets
| Forex trading | CFDs | |
|---|---|---|
| Focus | Currency pairs | Leveraged derivatives across multiple markets |
| Typical examples | EUR/USD, GBP/USD, USD/JPY | Indices, Shares, Commodities, Forex, ETFs |
| Compare using | Spreads; FX pairs; Execution; MT4 / MT5; FX tools | Market range; Margin; Overnight financing; Spreads; Trading platform; Retail protections |
Currency trading basics
Forex trading means taking a view on the exchange rate between two currencies. Use these building blocks when comparing FX brokers and pair coverage.
A currency pair quotes one currency against another (for example EUR/USD). The first currency is the base; the second is the quote.
Majors typically involve USD and the most liquid currencies. Minors exclude USD but remain relatively liquid. Exotics involve an emerging-market currency and usually have wider spreads.
A pip is a standard unit of movement in a currency pair — usually the fourth decimal place for most pairs (0.0001), or the second for yen pairs.
In the UK, retail currency trading is often offered through CFDs or spread betting rather than institutional spot forex. This page still focuses on the forex offering — spreads, pairs and FX tools. For how CFDs work as a product across markets, see CFD Brokers.
Spreads & FX costs
The difference between the buy (offer) and sell (bid) price of a currency pair. A core FX trading cost — often quoted in pips — and can widen in volatile or illiquid conditions.
A separate per-trade charge, common on raw-spread FX accounts, in addition to a tighter spread. Always compare total cost, not spread alone.
A charge for converting between your account currency and the currency of the pair or instrument you trade.
A tight headline EUR/USD spread does not mean trading is low cost — commission and other charges still matter. Overnight financing (swaps) can add up on positions held overnight; for a fuller explanation of holding costs, margin and leverage, see CFD Brokers.
Forex tools & platforms
Platform choice is a core FX comparison factor — charting, automation and order entry vary widely between brokers.
Widely used charting and automated-trading environment with a large ecosystem of indicators and Expert Advisors.
MetaTrader’s newer platform with broader instrument support and updated order/tooling features versus MT4.
Charting and social analysis tools; some brokers let you trade from TradingView charts under their own account.
In-house web and mobile apps can be simpler for beginners but vary widely in tools, automation and order types.
Order execution
Execution quality matters when comparing FX brokers — especially around news and thin liquidity.
The difference between the price you expected and the price your order was actually filled at. More likely during high volatility or low liquidity.
A standard stop-loss aims to close a position at a set level but is not guaranteed — in fast-moving or gapped markets it can be filled at a worse price.
Aims to close a position at the exact level requested, even during gaps, usually for an additional premium charged by the provider.
Prices can 'gap' between one level and another with no trading in between — for example over a weekend or around major news — which can affect standard stops and increase losses.
Related — covered on CFD Brokers
UK retail FX is often traded as a leveraged product. We keep the detailed explanations of leverage, margin, overnight financing and retail CFD protections on the CFD Brokers page so this guide stays focused on currency trading.
How position size relates to deposit, and why losses can move quickly.
Holding costs when leveraged FX positions stay open overnight.
Negative balance protection, margin close-out and retail vs professional status.
UK regulation
UK firms offering retail FX and CFD trading generally need to be authorised and regulated by the Financial Conduct Authority (FCA) for these activities. Always check the specific legal entity you would be dealing with on the FCA Register — FCA authorisation reduces certain regulatory risks but does not make leveraged trading safe or guarantee you will not lose money.
FSCS and client-money detail for leveraged products is covered on CFD Brokers. FCA authorisation does not remove market risk or guarantee you will not lose money.
Regulatory information last checked: 16 September 2026.
Scam awareness
Firms with no genuine FCA authorisation, sometimes cloning the name or reference number of a real firm.
Promises of fixed, guaranteed or extremely high returns from trading are a major warning sign — genuine trading involves real risk of loss.
Being pushed to keep adding funds to 'unlock' withdrawals or cover losses is a common tactic used by fraudulent operations.
Paid signal services or self-styled experts promising consistent profits, often linked to unregulated platforms.
Unsolicited contact via social media, dating apps or messaging platforms encouraging you to trade or hand over funds to 'manage'.
Lookalike sites that copy the branding of genuine, authorised firms to appear legitimate.
Being asked to install remote-access software so someone can 'help' you trade or withdraw funds.
Delays, extra 'fees' or new requirements suddenly appearing when you try to withdraw funds.
Offers to recover money lost to a scam in exchange for an upfront fee — often a second fraud targeting previous victims.
Screenshots of profits or account balances that cannot be independently verified through a regulated, audited source.
Treat promises of guaranteed or unusually high trading returns as a major warning sign.
Before you trade
FAQs
UK-focused FX answers — not personalised investment advice. Forex trading through leveraged products can cause rapid losses.
Editorial standards
UK-focused editorial research. Provider FX spreads, pair coverage and platform features are checked against official disclosures where cited. FCA authorisation status is checked against the FCA Register and is not a guarantee that trading is safe. Commercial relationships do not determine factual comparisons or editorial guidance.
Last reviewed: 16 September 2026
Provider data last checked: 16 September 2026
FCA status last checked: 16 September 2026
Reference links only — these organisations do not endorse WiT Money. Always check each provider's official pricing and regulatory disclosures.
Found an outdated spread, FX pair figure, FCA status or platform feature? Email contact@witfinancegroup.com. We review reported inaccuracies and update verified information promptly.
Review spreads, FX pairs, platforms and FCA status — and only risk money you can afford to lose.
Related
Links are chosen from this category’s registry — not a generic keyword dump.