Best 10 UK Regulated Forex Brokers 2024

In the world of forex trading, selecting the perfect broker can be a daunting task. With so many options available, it's essential to choose a broker that's not only trustworthy but also regulated by relevant authorities. To simplify your search and help you make an informed decision, we've compiled a comprehensive guide to the top 10 UK-regulated forex brokers for 2024. This list is curated based on their reputation, regulatory bodies, and ratings from WikiFX, the largest database app for forex brokers. Whether you're a novice trader taking your first steps or an experienced professional looking for a reliable partner, this guide is here to assist you.

List of Top 10 Regulated Forex Brokers

FXCM

Rating: 9.42

Starting our list with a bang is FXCM, a globally recognized name in the forex industry. FXCM has earned a stellar reputation for its commitment to transparency and reliability. Regulated by multiple esteemed bodies, including the Financial Conduct Authority (FCA) in the UK, FXCM ensures a secure and trustworthy trading environment. Its exceptional WikiFX rating of 9.42 speaks volumes about its standing in the market.

About FXCM:

FXCM not only provides a user-friendly trading platform but also offers an extensive array of educational resources. They are dedicated to helping traders enhance their skills and achieve success in the forex market.

Trade Nation

Rating: 8.76

TradeNation is another name that resonates with trust and credibility. Regulated by the FCA in the UK, this broker is dedicated to upholding stringent financial standards. With a WikiFX rating of 8.76, TradeNation is widely recognized for its reliability.

About TradeNation:

TradeNation prides itself on a user-friendly platform and a diverse range of trading tools designed to assist traders at all levels of expertise.

HYCM

Rating: 8.63

HYCM, or HYCM Group, is a forex broker known for its robust regulatory framework. Regulated by the FCA and other regulatory bodies, it maintains a reputation for trustworthiness and security. A WikiFX rating of 8.63 underscores its credibility.

About HYCM:

HYCM offers a wide selection of trading instruments and places a strong emphasis on providing excellent customer support.

IG

Rating: 8.39

IG is a global giant in the world of forex trading and boasts a strong presence in the UK. Regulated by the FCA, IG ensures the safety of traders' funds and information. With a WikiFX rating of 8.39, IG's reliability is beyond question.

About IG:

IG offers a comprehensive trading experience, granting access to numerous financial markets and a suite of research tools.

Exness

Rating: 8.37

Exness stands out for its transparent pricing and competitive trading conditions. Regulated by the FCA, it provides traders with a secure trading environment. An impressive WikiFX rating of 8.37 underscores its dedication to offering top-notch service.

About Exness:

Exness offers a straightforward trading experience, with a focus on tight spreads and flexible leverage.

FOREX.com

Rating: 8.36

FOREX.com is a well-known name in the forex trading arena, operating globally. Regulated by the FCA, it ensures a high level of security for traders. Its WikiFX rating of 8.36 reflects its reputation for reliability.

About FOREX.com:

FOREX.com offers a broad range of currency pairs and robust research tools to empower traders with informed decision-making.

ActivTrades

Rating: 8.27

ActivTrades is recognized for its advanced technology and extensive array of trading instruments. Regulated by the FCA, it offers a safe trading environment. An impressive WikiFX rating of 8.27 reaffirms its commitment to excellence.

About ActivTrades:

ActivTrades provides professional-grade trading tools and exemplary customer support.

Taurex

Rating: 8.26

Taurex may be relatively new to the industry, but it has quickly gained recognition for its innovative trading solutions. Regulated by the FCA, it offers a secure platform for traders. A WikiFX rating of 8.26 demonstrates its growing popularity.

About Taurex:

Taurex offers a unique trading experience with a focus on cutting-edge technology.

Oanda

Rating: 8.25

Oanda is a well-established forex broker known for its user-friendly platform. Regulated by the FCA, it instills a high level of trust. Oanda's WikiFX rating of 8.25 highlights its excellence.

About Oanda:

Oanda offers a straightforward trading experience and a range of research tools.

Saxo Markets

Rating: 8.25

Saxo Markets rounds off our list with its diverse selection of trading instruments. Regulated by the FCA, it guarantees a secure trading environment. Saxo Markets' WikiFX rating of 8.25 emphasizes its commitment to quality.

About Saxo Markets:

Saxo Markets provides professional-grade trading tools and access to various financial markets.

About WikiFX App

WikiFX App serves as the largest database of forex brokers, simplifying the process of finding the perfect partner for your trading journey. The app offers comprehensive information about each broker, including reviews, feedback, comments, and most importantly, ratings.

How Does WikiFX Rate a Forex Broker？

WikiFX employs a rigorous rating system to assess forex brokers. Here are the key criteria considered:

1. Regulatory Status: WikiFX verifies if the broker is regulated by reputable bodies, such as the FCA in the UK. Regulation ensures brokers adhere to stringent financial standards.

2. User Reviews: Gathering feedback and reviews from actual traders provides insights into their experiences. Positive user reviews contribute to a higher rating.

3. Longevity in the Market: Brokers with a longer track record are generally viewed more favorably.

4. Operational Transparency: WikiFX evaluates the transparency of a broker's operations, including fee structures and trading conditions. Transparency is a crucial factor in determining the rating.

Bottom Line

Choosing the right forex broker is a pivotal decision that can significantly impact your trading success. The top 10 UK-regulated forex brokers listed here have been carefully curated based on their regulatory affiliations, reputation, and WikiFX ratings. Whether you're a newcomer seeking a user-friendly platform or a seasoned trader in pursuit of advanced tools, these brokers offer a plethora of options tailored to your specific needs. Make your choice wisely, embark on your trading journey, and position yourself for success in the dynamic world of forex trading.