Forex Trading Platforms

Forex trading platforms connect traders and investors to the markets by integrating with top liquidity providers. Below is a list of key comparison points to consider when looking for the best software in the UK. We’ve also explained the different types of trading platforms on offer and provided some reviews of UK platforms to kickstart your search.

The Best Forex Trading Platforms

Filter Brokers
Found 99 Brokers
Pepperstone offers spreads from 0.0 pips on the Razor account and have almost 61+ pairs available to trade. Lots start at 0.01.
GBPUSD Spread
0.38 pips (Via Razor)
EURUSD Spread
0.09 pips (Via Razor)
GBPEUR Spread
0.49 pips (Via Razor)
Total Assets
180
FCA Regulated
Yes
MT4 Integration
Yes
Trade on 40+ of major, minor & exotic pairs with an award winning platform. Zero commission, free education and low spreads.
GBPUSD Spread
1.0 but 0.0 on Raw Account
EURUSD Spread
1.0 but 0.0 on Raw Account
GBPEUR Spread
1.0 but 0.0 on Raw Account
Total Assets
40
FCA Regulated
MT4 Integration
Yes
Trade with spreads as low as 0.0 pips. $0 Commission. 1:500 Leverage
GBPUSD Spread
0.1-0.5
EURUSD Spread
0.0-0.4
GBPEUR Spread
0.8
Total Assets
100+
FCA Regulated
Yes
MT4 Integration
Yes
Trade major, minor & exotic currency pairs
GBPUSD Spread
From 1.8
EURUSD Spread
From 1.8
GBPEUR Spread
From 1.8
Total Assets
50
FCA Regulated
MT4 Integration
Yes
CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). It offers competitive spreads on a global range of assets via its Next Generation platform.
GBPUSD Spread
0.9
EURUSD Spread
0.7
GBPEUR Spread
1.1
Total Assets
300+
FCA Regulated
Yes
MT4 Integration
Yes
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.
GBPUSD Spread
0.1 pip
EURUSD Spread
0.2 pips var
GBPEUR Spread
0.1 pips
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
No
Reliable and affordable trading since 2009. Join over 400,000 others trading on 300+ CFD products. Trade Forex CFDs from 0.0 spreads on our RAW account through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
GBPUSD Spread
0.0 via ECN
EURUSD Spread
0.0 via ECN
GBPEUR Spread
0.0 via ECN
Total Assets
120+
FCA Regulated
Yes
MT4 Integration
Yes
Trade Forex on 0.0 pip spreads with one of the world's leading forex brokers - IC Markets. Great choice for serious traders. ASIC regulated.
GBPUSD Spread
0.5 pips
EURUSD Spread
0.1 pips
GBPEUR Spread
0.5 pips
Total Assets
56+
FCA Regulated
MT4 Integration
Yes
Avatrade offer 50+ currency pairs and their spreads are some of the best among any broker. They are regulated across 5 continents.
GBPUSD Spread
1.0 var
EURUSD Spread
0.7 var
GBPEUR Spread
1.7 var
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
Forex.com are a leading forex broker. Offering the largest range of currency pairs (80+) and some of the tightest spreads in the industry.
GBPUSD Spread
1.0 Var
EURUSD Spread
0.7 Var
GBPEUR Spread
0.7 Var
Total Assets
80+
FCA Regulated
Yes
MT4 Integration
Yes
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
GBPUSD Spread
1.7 pips
EURUSD Spread
1.2 pips
GBPEUR Spread
1.3 pips
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Trade on close to 20 currency pairs, including crypto pairs. 'Covest' and follow experienced traders.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
18
FCA Regulated
MT4 Integration
No
XM.com deliver ultra low spreads across a huge range of Forex markets. Flexible lot sizes, and Micro and XM Zero accounts accommodate every level of trader.
GBPUSD Spread
2.1 pips (var)
EURUSD Spread
1.6 pips (var)
GBPEUR Spread
2 pips (var)
Total Assets
55+
FCA Regulated
MT4 Integration
Yes
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
GBPUSD Spread
0.1-0.3 pips (Floating)
EURUSD Spread
0-0.2 pips (Floating)
GBPEUR Spread
0.1-0.3 pips (Floating)
Total Assets
80+
FCA Regulated
Yes
MT4 Integration
Yes
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
GBPUSD Spread
1.6 pips (var)
EURUSD Spread
1.1 pips (var)
GBPEUR Spread
1.3 pips (var)
Total Assets
70+
FCA Regulated
Yes
MT4 Integration
Yes
Capital.com offer 38 Forex pairs for trading. All have competitive spreads. The firm also ensures negative balance protection.
GBPUSD Spread
1.3 pips (var)
EURUSD Spread
0.8 pips (var)
GBPEUR Spread
1.5 pips (var)
Total Assets
138
FCA Regulated
Yes
MT4 Integration
Yes
Trade currencies, including pairs with the USD
GBPUSD Spread
1.6 pips
EURUSD Spread
1.3 pips
GBPEUR Spread
1.6 pips
Total Assets
50+
FCA Regulated
MT4 Integration
No
Binary.com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types
GBPUSD Spread
1 pip var
EURUSD Spread
0.5 pip var
GBPEUR Spread
1 pip var
Total Assets
45+
FCA Regulated
MT4 Integration
Yes
67 major, minor and exotic FX pairs
GBPUSD Spread
1.3 pips (var)
EURUSD Spread
0.70 pips (var)
GBPEUR Spread
1 pip var
Total Assets
67
FCA Regulated
Yes
MT4 Integration
Yes
Forex trading is offered on 55 pairs, with spreads from just 0.8 pips on the Exclusive account
GBPUSD Spread
0.3 pips
EURUSD Spread
0.15 pip
GBPEUR Spread
0.4 pips
Total Assets
55
FCA Regulated
MT4 Integration
Yes
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
GBPUSD Spread
0.9 pips
EURUSD Spread
0.6 pips
GBPEUR Spread
2 pips
Total Assets
90+
FCA Regulated
Yes
MT4 Integration
Yes
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
GBPUSD Spread
2.39 pips (Ave)
EURUSD Spread
1.58 pips (Ave)
GBPEUR Spread
1.74 pips (Ave)
Total Assets
430+
FCA Regulated
Yes
MT4 Integration
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
GBPUSD Spread
2 pips
EURUSD Spread
1 pips
GBPEUR Spread
1.5 pips
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
No
UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.
GBPUSD Spread
5 pips
EURUSD Spread
3 pips
GBPEUR Spread
4 pips
Total Assets
65+
FCA Regulated
MT4 Integration
Yes
Take leveraged positions on popular currencies.
GBPUSD Spread
0.8
EURUSD Spread
0.8
GBPEUR Spread
0.8
Total Assets
25+
FCA Regulated
MT4 Integration
Yes
Trade a modest selection of currency pairs on a web-based terminal
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
11
FCA Regulated
MT4 Integration
No
Speculate on major, minor and exotic currency pairs with sub 1 pip spreads
GBPUSD Spread
0.7
EURUSD Spread
0.6
GBPEUR Spread
0.6
Total Assets
44
FCA Regulated
MT4 Integration
No
Trade major and minor currency pairs with competitive leverage rates
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
25+
FCA Regulated
MT4 Integration
No
GemForex offers 33 currency pairs, including majors, minors and exotics.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
33
FCA Regulated
MT4 Integration
Yes
TopFX offers leveraged trading on a long list of currency pairs.
GBPUSD Spread
From 0.2
EURUSD Spread
From 0.2
GBPEUR Spread
From 0.2
Total Assets
90
FCA Regulated
Yes
MT4 Integration
Yes
EFG Hermes supports spot and CFD forex day trading through both its desktop and mobile platforms.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
N/A
FCA Regulated
MT4 Integration
No
Finvasia offers leveraged forex trading on multiple currency pairs, including with INR.
GBPUSD Spread
Floating
EURUSD Spread
Floating
GBPEUR Spread
Floating
Total Assets
10+
FCA Regulated
MT4 Integration
No
Clients of LidyaTrade can speculate on all the majors, most of the minors and even exotic currency pairs using MT5.
GBPUSD Spread
From 0.7 pips
EURUSD Spread
From 0.7 pips
GBPEUR Spread
From 0.7 pips
Total Assets
10+
FCA Regulated
MT4 Integration
No
Sheer Markets supports trading in major, minor, exotic and emerging markets currency pairs.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
90
FCA Regulated
MT4 Integration
Yes
Scope Markets offers MT5 trading for a range of major, minor and exotic currency pairs with leverage rates as high as 1:30 for retail clients and 1:100 for professional traders.
GBPUSD Spread
1.0
EURUSD Spread
1.0
GBPEUR Spread
1.0
Total Assets
44
FCA Regulated
MT4 Integration
No
Finveo clients that wish to speculate on the currency markets may do so through more than 60 forex pairs, including major, minor and exotic couplings.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
60
FCA Regulated
MT4 Integration
Yes
TMGM supports forex trading on all three of its platforms with competitive spreads, no commissions and VPS hosting services
GBPUSD Spread
0
EURUSD Spread
0
GBPEUR Spread
0.2
Total Assets
60
FCA Regulated
MT4 Integration
Yes
IMMFX offers leveraged forex trading with tight spreads.
GBPUSD Spread
0.4
EURUSD Spread
0.1
GBPEUR Spread
0.5
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
XBTFX offers a range of major, minor and exotic currency pairs for speculation on the foreign exchange markets from both desktop and mobile devices
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
79
FCA Regulated
MT4 Integration
Yes
AZAforex clients can trade over 70 major, minor and exotic currency pairs
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
72
FCA Regulated
MT4 Integration
No
FxOnUs clients can trade a wide range of currency pairs, including major, minor and exotic couplings.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
8+
FCA Regulated
MT4 Integration
Yes
10TradeFX offers a range of currency pairs with floating spreads and high leverage opportunities
GBPUSD Spread
1.5
EURUSD Spread
1.5
GBPEUR Spread
1.5
Total Assets
39
FCA Regulated
MT4 Integration
No
FXCL clients can trade more than 40 major, minor and exotic currency pairs with regular and ECN execution models on the MT4 platform.
GBPUSD Spread
0.4
EURUSD Spread
0.1
GBPEUR Spread
0.4
Total Assets
43
FCA Regulated
MT4 Integration
Yes
Anzo Capital supports over 40 major, minor and exotic currency pairs with both STP and ECN execution models.
GBPUSD Spread
0.4 pips
EURUSD Spread
0.1 pips
GBPEUR Spread
0.4 pips
Total Assets
45
FCA Regulated
MT4 Integration
Yes
Golden Brokers supports forex trading for clients across the world with more than 60 different currency pairs.
GBPUSD Spread
3
EURUSD Spread
3
GBPEUR Spread
4
Total Assets
62
FCA Regulated
MT4 Integration
No
TradeFW offers over 30 currency pairs, including EURUSD, USDJPY and GBPUSD
GBPUSD Spread
0.11 pips
EURUSD Spread
0.6 pips
GBPEUR Spread
0.9 pips
Total Assets
30+
FCA Regulated
MT4 Integration
Yes
Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
0.5
EURUSD Spread
0.1
GBPEUR Spread
0.6
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
OpoForex offers 35+ spot currency pairs, covering all majors and top minors.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
35+
FCA Regulated
MT4 Integration
Yes
IIFL offers forex trading on a range of pairs with the Indian Rupee (INR).
GBPUSD Spread
Not offered
EURUSD Spread
Not offered
GBPEUR Spread
Not offered
Total Assets
20+
FCA Regulated
MT4 Integration
No
nextmarkets offers more than 20 currency pairs, including major, minor and exotic pairs, available as spot and CFD instruments on Gettex.
GBPUSD Spread
1
EURUSD Spread
0.6
GBPEUR Spread
0.8
Total Assets
21
FCA Regulated
MT4 Integration
No
AAATrade offers 80+ forex pairs, including majors and minors.
GBPUSD Spread
0.00002
EURUSD Spread
0.00002
GBPEUR Spread
0.00002
Total Assets
10000+
FCA Regulated
MT4 Integration
No
FXPesa offers 66 currency pairs, including all majors, plus a selection of minors and exotics.
GBPUSD Spread
From 0.2 pips
EURUSD Spread
From 0 pips
GBPEUR Spread
From 0.2 pips
Total Assets
66
FCA Regulated
MT4 Integration
Yes
Purple Trading clients are in a great position to speculate on foreign exchange markets with over 60 major, minor and exotic currency pairs
GBPUSD Spread
1.5
EURUSD Spread
1.2
GBPEUR Spread
1.3
Total Assets
59
FCA Regulated
Yes
MT4 Integration
Yes
ACY Securities supports forex trading with over 60 major, minor and exotic currency pairs on the industry-favourites, MT4 and MT5.
GBPUSD Spread
0.8
EURUSD Spread
0.4
GBPEUR Spread
0.5
Total Assets
63
FCA Regulated
MT4 Integration
Yes
Rockfort Markets offers competitive pricing on a wide range of major, minor and exotic currency pairs through MT4 and TWS.
GBPUSD Spread
0.6
EURUSD Spread
0.6
GBPEUR Spread
0.6
Total Assets
50
FCA Regulated
MT4 Integration
Yes
Forex trading with Finalto is done through contracts for difference, with a range of major, minor and exotic currency pairs on offer.
GBPUSD Spread
13.9
EURUSD Spread
2.6
GBPEUR Spread
10.8
Total Assets
67
FCA Regulated
Yes
MT4 Integration
Yes
Cryptobo clients can trade binary options in a range of major, minor and exotic currency pairs.
GBPUSD Spread
N/A
EURUSD Spread
N/A
GBPEUR Spread
N/A
Total Assets
16
FCA Regulated
MT4 Integration
No
ICE FX clients can speculate upon the foreign exchange markets with the world-renowned MT4.
GBPUSD Spread
1.0
EURUSD Spread
0.8
GBPEUR Spread
1.3
Total Assets
36
FCA Regulated
MT4 Integration
Yes
40+ currency pairs available on majors, minors and exotics.
GBPUSD Spread
From 0.6 pips
EURUSD Spread
From 0 pips
GBPEUR Spread
Variable
Total Assets
40+
FCA Regulated
MT4 Integration
Yes
Binarium clients can purchase binary options contracts on twenty major, minor and exotic currency pairs.
GBPUSD Spread
N/A
EURUSD Spread
N/A
GBPEUR Spread
N/A
Total Assets
20
FCA Regulated
MT4 Integration
No
Yadix boasts more than 50 major, minor and exotic currency pairs on the world-renowned MT4 platform.
GBPUSD Spread
0.4
EURUSD Spread
0.2
GBPEUR Spread
0.4
Total Assets
57
FCA Regulated
MT4 Integration
Yes
Over 45 currency pairs can be traded by Brokereo clients on the award-winning MT4 trading platform.
GBPUSD Spread
2.5
EURUSD Spread
2
GBPEUR Spread
1.9
Total Assets
45
FCA Regulated
MT4 Integration
Yes
Exinity Trader Pro supports major, minor and exotic forex trading on MT4 and MT5 platforms.
GBPUSD Spread
0.5
EURUSD Spread
0
GBPEUR Spread
0.5
Total Assets
19
FCA Regulated
Yes
MT4 Integration
Yes
ForexChief supports spot foreign exchange trading on all account types for 40 major, minor and exotic currency pairs on both MT4 and MT5.
GBPUSD Spread
0.9
EURUSD Spread
0.4
GBPEUR Spread
0.9
Total Assets
40
FCA Regulated
MT4 Integration
Yes
UOB Kay Hian supports trading in over 30 currency pairs with tight spreads and sophisticated analysis tools.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
30
FCA Regulated
MT4 Integration
No
Pacific Union offers 30+ currency pairs, including majors such as EUR/USD and USD/JPY
GBPUSD Spread
From 0.5 pips
EURUSD Spread
From 0.2 pips
GBPEUR Spread
From 0.4 pips
Total Assets
200+
FCA Regulated
MT4 Integration
Yes
Alpha FX provides premium forex trading support for a range of major, minor and exotic currency pairs.
GBPUSD Spread
8
EURUSD Spread
2
GBPEUR Spread
4
Total Assets
88
FCA Regulated
Yes
MT4 Integration
No
A+ Trader clients can speculate upon 30 different currency pairs on the industry-leading MT4 platform.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
30
FCA Regulated
MT4 Integration
Yes
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee.
GBPUSD Spread
N/A
EURUSD Spread
N/A
GBPEUR Spread
N/A
Total Assets
4
FCA Regulated
MT4 Integration
No
AvantGardeFX offers a range of major, minor and exotic currency pairs.
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
58
FCA Regulated
MT4 Integration
Yes
EuroTrader is a regulated brokerage firm with securities and derivatives trading products, including stocks, forex and cryptos.
GBPUSD Spread
0.7
EURUSD Spread
0.2
GBPEUR Spread
0.6
Total Assets
59
FCA Regulated
MT4 Integration
Yes
As Angel Broking is an Indian brokerage, it is limited by regulation and can only support forex trading against the INR with USD, GBP, EUR or JPY.
GBPUSD Spread
N/A
EURUSD Spread
N/A
GBPEUR Spread
N/A
Total Assets
4
FCA Regulated
MT4 Integration
No
GoStreams offers trading with CFDs on over 58 major, minor and exotic currency pairs on MetaTrader 4 accounts.
GBPUSD Spread
0.3
EURUSD Spread
0.3
GBPEUR Spread
0.3
Total Assets
58
FCA Regulated
MT4 Integration
Yes
Hugo's Way supports CFD trading in 55 major, minor and exotic forex pairs on the industry-renowned MT4 trading platform.
GBPUSD Spread
1.2
EURUSD Spread
0.5
GBPEUR Spread
0.4
Total Assets
55
FCA Regulated
MT4 Integration
Yes
Ally Invest offers forex trading in over 80 major, minor and exotic currency pairs.
GBPUSD Spread
1
EURUSD Spread
1
GBPEUR Spread
1
Total Assets
80
FCA Regulated
MT4 Integration
No
SuperForex is an African-based forex and derivatives broker with currency pairs, commodities, cryptos, stocks and indices.
GBPUSD Spread
0
EURUSD Spread
0
GBPEUR Spread
0
Total Assets
100+
FCA Regulated
MT4 Integration
Yes
Livemarkets is a forex and CFD broker with over 100,000 assets on MT4 and a proprietary web terminal.
GBPUSD Spread
1.8
EURUSD Spread
1.9
GBPEUR Spread
2.9
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
Sharekhan is among the best stock and derivatives trading brokers in India.
GBPUSD Spread
N/A
EURUSD Spread
N/A
GBPEUR Spread
N/A
Total Assets
6
FCA Regulated
MT4 Integration
No
HotForex has CFD trading on over 50 major, minor and exotic currency pairs with MT4 and MT5 accounts.
GBPUSD Spread
1.8
EURUSD Spread
1.3
GBPEUR Spread
1.5
Total Assets
50
FCA Regulated
Yes
MT4 Integration
Yes
BUX X supports forex trading in 36 major, minor and exotic currency pairs through its bespoke mobile trading platform.
GBPUSD Spread
1.2
EURUSD Spread
0.7
GBPEUR Spread
1.0
Total Assets
36
FCA Regulated
Yes
MT4 Integration
No
BMFN supports forex trading in more than 20 major and minor currency pairs with variable and fixed spread account options.
GBPUSD Spread
1.8
EURUSD Spread
1.5
GBPEUR Spread
4
Total Assets
22
FCA Regulated
Yes
MT4 Integration
Yes
Offers 80+ spot forex pairs to US traders, plus futures from multiple global exchanges, including ICE, ASX and Eurex
GBPUSD Spread
Variable
EURUSD Spread
Variable
GBPEUR Spread
Variable
Total Assets
Varies with provider
FCA Regulated
MT4 Integration
Yes
AdroFX clients can trade more than 60 major, minor and exotic forex pairs.
GBPUSD Spread
From 0.5
EURUSD Spread
From 0.4
GBPEUR Spread
From 1.5
Total Assets
60+
FCA Regulated
MT4 Integration
Yes
A long list of currencies with high trading volumes and liquidity are available.
GBPUSD Spread
1.5
EURUSD Spread
1.5
GBPEUR Spread
2.1
Total Assets
48
FCA Regulated
Yes
MT4 Integration
Yes
Start trading on dozens of currencies at RoboMarkets with powerful analysis tools and pattern recognition technology.
GBPUSD Spread
2.0
EURUSD Spread
1.4
GBPEUR Spread
1.6
Total Assets
35+
FCA Regulated
MT4 Integration
Yes
Sage FX offers trading on major and cross currency pairs.
GBPUSD Spread
0.9
EURUSD Spread
0.9
GBPEUR Spread
2.5
Total Assets
28
FCA Regulated
MT4 Integration
Yes
OBR Invest offers forex trading on all major pairs, plus popular crosses and exotics.
GBPUSD Spread
From 1.8
EURUSD Spread
From 2.2
GBPEUR Spread
From 1.8
Total Assets
45
FCA Regulated
MT4 Integration
Yes
Trade on 40+ major and minor currencies with up to 1:30 leverage.
GBPUSD Spread
1.2
EURUSD Spread
0.6
GBPEUR Spread
1.2
Total Assets
40
FCA Regulated
Yes
MT4 Integration
Yes
Spread Co offers trading on a long list of online currencies with competitive spreads.
GBPUSD Spread
1.0
EURUSD Spread
0.8
GBPEUR Spread
1.0
Total Assets
38
FCA Regulated
Yes
MT4 Integration
No
Trade a list of currencies with floating and fixed spreads depending on the account.
GBPUSD Spread
Variable & Fixed
EURUSD Spread
Variable & Fixed
GBPEUR Spread
Variable & Fixed
Total Assets
100+
FCA Regulated
MT4 Integration
No
Trade an extensive list of online currencies with low spreads.
GBPUSD Spread
From 0.4
EURUSD Spread
From 0.4
GBPEUR Spread
From 0.4
Total Assets
330+
FCA Regulated
Yes
MT4 Integration
Yes
Trade dozens of currencies with 1:30 leverage.
GBPUSD Spread
1.3
EURUSD Spread
0.3
GBPEUR Spread
1.5
Total Assets
35+
FCA Regulated
Yes
MT4 Integration
Yes
Trade over three-dozen currencies with competitive floating spreads.
GBPUSD Spread
From 0.4
EURUSD Spread
From 0.4
GBPEUR Spread
From 0.4
Total Assets
38
FCA Regulated
MT4 Integration
Yes
Ultra tight spreads from 0.1 pips are available on major, minor and exotic forex pairs.
GBPUSD Spread
From 0.1
EURUSD Spread
From 0.1
GBPEUR Spread
From 0.1
Total Assets
25+
FCA Regulated
MT4 Integration
Yes
Start trading a long list of leading currencies with up to 1:30 leverage.
GBPUSD Spread
From 0.9
EURUSD Spread
From 0.9
GBPEUR Spread
From 0.9
Total Assets
38
FCA Regulated
MT4 Integration
Yes
Buy and sell over 50 currencies with competitive floating spreads.
GBPUSD Spread
1.2
EURUSD Spread
0.5
GBPEUR Spread
1.1
Total Assets
50+
FCA Regulated
MT4 Integration
Yes
Buy and sell over 50 currencies with zero pip spreads available.
GBPUSD Spread
Raw from 0.0 pips
EURUSD Spread
Raw from 0.0 pips
GBPEUR Spread
Raw from 0.0 pips
Total Assets
50
FCA Regulated
MT4 Integration
Yes
Ultra competitive spreads are available on forex pairs at Zenfinex.
GBPUSD Spread
0.3
EURUSD Spread
0.1
GBPEUR Spread
0.3
Total Assets
50+
FCA Regulated
Yes
MT4 Integration
Yes
MultiBank FX offers investing in leading major, minor and exotic currency pairs.
GBPUSD Spread
0.8
EURUSD Spread
0.3
GBPEUR Spread
0.8
Total Assets
45+
FCA Regulated
MT4 Integration
Yes

What Are Forex Trading Platforms?

Forex platforms are the trading community’s gateway to the markets, which can be accessed through an online portal or mobile app. Today, most platforms are available to download across multiple smart devices (iOS and APK), offering the ultimate flexibility for trading on-the-go.

In addition to forex and other assets, trading platforms also typically offer additional tools and features to enrich the trader’s experience. This could include anything from news feeds to automated trading robots. There is a range of different programs to suit various requirements and we’ve outlined some great examples.

Types Of Forex Trading Platforms

From open-source software such as Python, to Github developers, there are several types of forex trading platforms and programming languages on the market. Nonetheless, the MetaTrader suite is by far the most popular. We’ve covered these and some other examples below, but it’s worth checking out other options to find the best UK forex trading platform for your needs.

MetaTrader 4

The MetaTrader 4 (MT4) platform was developed by the MetaQuotes software company in 2005 and uses the MQL4 programming language. As the most trusted platform on the market, you will find MT4 at almost any forex broker.

The platform features an advanced and powerful interface with fully customisable charting tools to suit all your analysis needs. Within 9 different time frames, traders can execute various strategies using over 30 technical indicators and 24 graphical objects.

MT4 Forex Trading Platform

MT4 Forex Trading Platform

In addition, the platform includes a marketplace containing thousands of scripts, Expert Advisors (EAs) and custom indicators, plus a community forum. You can also sign up to trading signals, which we cover later on.

MetaTrader 5

Developed in 2010, MetaTrader 5 (MT5) uses the powerful MQL5 programming language and is even more impressive and feature-rich than MT4. The platform caters more for seasoned or frequent traders.

MT5 is also designed to offer more assets beyond forex and CFDs, including stocks, commodities, futures and options. The platform includes twice as many time frames, many more indicators and graphical objects, as well as an integrated economic calendar.

MT5 Forex Trading Platform

MT5 Forex Trading Platform

Perhaps the most notable feature in comparison to the MT4 platform is MT5’s Depth of Market data. Level 2 Depth of Market allows traders to access deeper liquidity by displaying the bid and ask prices of instruments closest to the market rate.

cTrader

cTrader enables multi-asset trading on a user-friendly and customisable interface. The platform’s charting features are impressive, boasting 54 timeframes on 9 different chart types. There’s also over 70 indicators for technical analysis, plus custom indicators in the cTrader store and developer community.

cTrader Forex Trading Platform

cTrader Forex Trading Platform

cTrader also features a built-in copy-trading service, where traders can copy strategies without any long-term commitment. For algorithmic trading, the platform uses the C# API, where traders can code their own programs and test their own robots and indicators.

Proprietary Platforms

Some brokers may also develop their own forex trading platforms like MT4 or MT5, either as the sole proprietary offering or alongside other software. It’s worth drawing a comparison between these options though, as they may not include as many features as the third-party solutions.

Furthermore, certain native platforms might be more tailored to certain markets or FX trading strategies. For example, eToro’s proprietary platform is a popular choice for copy-traders and beginners, due to its excellent trading community.

Tools & Features

Today, top-quality forex trading platforms offer additional tools which are built into the system software. Depending on your level of experience or preferences, some of these might be more useful than others.

Signals

Some forex trading software provides buy/sell signals, which allow traders to subscribe to, and automatically copy another provider’s trades. Signal software can be good for those with limited time to monitor trades or investors who want to learn new FX strategies and benefit from the predictions of professionals.

Note that there is no guarantee of continued success when using another provider, so it’s important to fully research how it works before committing. In addition, good forex signals are rarely free to download and copy, so bear this in mind if you are cost-conscious.

Automation

Trading software with automated forex tools can also be hugely beneficial. In the MetaTrader platforms, for example, these come in the form of trading robot software, known as Expert Advisors (EAs). Automated bots scan the markets for optimum trading conditions and place forex trades on your behalf.

For example, you could employ a hedging EA or even a scalping bot. Some platforms also offer backtesting software so you can test and optimise your FX strategies. Note, however, that popular robots that use sophisticated architecture are not always free to download.

cTrader Automated Forex Trading

cTrader Automated Forex Trading

News & Education

For your fundamental analysis needs, look out for any built-in economic news feeds, calendars, education forums, or market sentiment tools within the platform. These allow you to keep on top of political, economic and financial developments which will affect the FX instrument you are trading.

How To Choose A Forex Trading Platform?

Whether you’re a beginner or an experienced trader, choosing forex trading platforms can be confusing if you don’t know what to compare. Ultimately, the decision is down to your trading needs and personal preferences, but there are a few factors to consider.

If you need more inspiration, you could always search the top 10 or 20 online UK forex trading platforms or check out some of our broker software reviews.

Demo Accounts

A demo account or tutorial can be an invaluable learning and testing tool for both beginners and experts.

Demo accounts allow traders to browse the features and build on their forex trading strategies within the platform. You can also practice trading with virtual money and bonus contests in a risk-free environment.

eToro offers one of the best forex trading platform demo accounts for social trading beginners, whilst AvaTrade offers an impressive $100,000 in virtual funding for high-volume investors who need to test the waters.

Ease of Use

A good forex trading platform should also be easy to use and user-friendly in terms of both the download and registration process and beyond. The software should download easily onto your device, offer customisable features to suit your trading style and provide straightforward ways to navigate the different functions.

Charts

Forex trading platforms should offer a range of charts, drawing tools, technical indicators and timeframes to analyse prices accurately. There should also be easy ways to place trades with risk management orders from your charts.

MetaTrader 4 Forex Trading Charts

MetaTrader 4 Forex Trading Charts

Customer Service

Some top-rated forex trading platforms in the UK provide built-in technical support, such as a 24/7 live chat, which can be hugely advantageous. If not, a community forum can be just as helpful. Alternatively, make sure the forex broker itself provides reliable support options through your trading account.

Access To Markets

This will depend on your preferences but if you plan on maintaining a diverse portfolio, you will want to look for a forex trading platform that offers a range of markets. This could include cryptocurrencies like Bitcoin, or even stocks, futures and options.

Cost

Whilst most forex trading platforms are free to use, there are usually other costs associated with your broker or trading account. For example, you will usually need to put down a minimum deposit in order to open an account. Some brokers may also offer additional software data packages or add-ons but do check prices for these services beforehand.

Furthermore, even if a forex trading platform comes with a low deposit or the lowest spreads, the broker will still be making money elsewhere, so make sure to weigh up all factors.

Additional Features

If you want the full 360 experience, some forex trading platforms come with some useful additions, including profit and tax journal software, free downloads of EAs, forums, programming tools and scripts.

You may also be able to find more tailored solutions to your trading needs, such as platforms with New York close charts, for example.

Security

Any trading service provided should be transparent and secure. Reputable brands such as MetaTrader and cTrader use industry-standard SSL encryption technology, for example, to protect trader data.

You should also ensure that secure methods of login security and verification are used, such as two-factor authentication (2FA) or one-time passwords (OTP).

Accessibility

Today, most forex trading platforms are accessible on a range of operating systems, including Mac OS, Windows, Linux and Android. Note that as most platforms are natively designed for Windows computers, you may be required to install additional programs for Linux and Mac PCs.

If you’re an iOS or Android (APK) smartphone owner, you should be able to access a free download from the App Store or Google Play.

Final Word On Forex Trading Platforms

Making a forex trading platform work for you may take some practice and getting used to. Even the best online forex trading platforms in the UK can be a bit daunting at first, but there are plenty of training resources and forums that can help you get started.

Make sure to also take advantage of any demo software and tutorials before you download the platform and start trading FX with real money. Whilst MetaTrader is the most popular option, it’s worth comparing the features with other FX e-trading platforms as well.

FAQs

A Forex Trading Platform: What Is It?

Forex trading software allows you to trade financial assets such as forex, commodities, stocks and indices. Most trading platforms are provided by online forex brokers who offer access through a bridging program that connects the broker’s dealing software with the platform.

What Is The Best Forex Trading Platform In The UK For Beginners?

The MetaTrader 4 platform has always been a favourite among both beginners and experienced traders and is offered by most brokerages. Award-winning forex brokers such as eToro and Avatrade also offer proprietary trading platforms that are excellent for beginners. For more ideas, you can check out a list of top 5 forex trading platforms in the UK online.

How Do Forex Trading Platforms Make Money?

Platforms such as MetaTrader 4 and 5 make money from the broker that you sign up with. The broker will likely sign up to a monthly or annual subscription package, which includes an allowance of live trading accounts and other features and add-ons.

How Do I Download Forex Trading Platforms?

To download your trading platform, you will need to register with a forex broker and follow their instructions. You may receive an email with a download link, or you might be able to install the software directly from the broker’s website.

What Is The Best Forex Trading Platform On Mac?

According to the top ten forex trading platforms for Mac in the UK, AvaTrade and Avatrade offer the best native platforms for Mac, closely followed by MetaTrader 4. There are plenty of forex trading software comparison lists online if you need further inspiration.