The best forex broker uk for beginners is the one that offers competitive trading conditions and good customer support. The top rated brokers offer regulated trading conditions, fast trade execution speeds and a wide selection of trading products and services.

The reputable UK brokers are regulated by the Financial Conduct Authority (FCA) and have a long operational track record and a clean regulatory record. The FCA regulation eliminates any risk of scams and provides segregation of client deposits from corporate funds, negative balance protection and investor compensation fund that secures 100% of the clients’ deposit up to £85,000.

Starting Strong: Best Forex Broker in the UK for Beginners

Traders should always look for the broker’s FCA register number on the website and compare it with the official FCA database to verify FCA authorization. This will also reveal any known clone firms operating under the same name.

There are many reputable and competitive Forex brokers in the UK. IG Markets, for example, is an award-winning broker that offers competitive trading conditions for beginners. They offer low spreads, a free demo account, and a variety of multilingual support channels. IG also has powerful trading platforms, including the MT4 and the proprietary platform they developed for their customers.

Another great choice for new traders is Fusion Markets. They offer low fees and a diverse range of trading instruments, including forex, indices, stocks, commodities and cryptos. In addition, they have a generous welcome bonus of up to $500 and a no-deposit account option for those who want to test their skills before investing real money.