Top 10 Largest Forex Brokers UK for 2019 by Number of Transactions

by | Feb 27, 2019

Are you looking for the largest forex brokers in the UK because you want a broker you know can handle a lot of transactions?

We can help you.

While many forex brokers in the UK claim to be the ‘biggest’, the majority actually fail to state what they are the biggest of.

Maybe they have the most offices around the world, the highest number of clients or number of market instruments. To us, none of that truly means that they are the ‘biggest’.

In this article, we’ve rounded up the largest FX brokers in the UK by the actual number of transactions they handle each day. This is measured by their avdt, which stands for Average Volume of Daily Transactions in billions USD.

Ladies and gentlemen, these brokers really are the biggest forex brokers in the UK.

largest forex brokers uk

The Top 10 the Largest FX brokers in the UK for 2019

Here’s our ranking:

  • Regulations: CFTC, DFSA, IIROC, MAS, NFA, FSA
  • Minimum deposit: $1
  • Platforms: Oanda Platform
  • InvestinGoal rank: 4.1/5

77% of retail CFD accounts lose money

1. OANDA

OANDA is first place on our list managing a whopping 10.7 avdt! This is mostly down OANDA’s superior execution which is nearly unbeatable. Their V20 trading engine can supposedly execute a trade in just one millisecond which is practically unheard of. OANDA’s execution has also won them numerous awards too, including the world’s ‘Best Retail FX Platform’ by the e-FX awards, as well as being voted number 1 for ‘Execution Speed’ by their clients.

  • Regulations: OANDA Corporation registered with the CFTC and member of the NFA (0325821); OANDA (Canada) Corporation ULC regulated by ILROC; OANDA Europe Limited authorised & regulated by the FCA (542574); OANDA Asia Pacific Pte Ltd licensed by MAS; OANDA Australia Pty Ltd regulated by ASIC (412981); OANDA Japan Co., Ltd FFA subscriber (1571). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, agency
  • Leverage: 1:50
  • Minimum Deposit: No minimum deposit required
  • Platforms: MT4 (desktop, iOS, Android), OANDA’S desktop platform, mobile platform (iPhone, iPad, Android)
  • Headquarters: OANDA Corporation is headquartered in New York City, USA
  • US Customers: Yes (but are unable to trade CFDs)
  • Other instruments: CFDs on indices, commodities, bonds, metals; spread betting
Try OANDA with a demo account

77% of retail CFD accounts lose money

  • Regulations: FCA, ASIC
  • Minimum deposit: $250
  • Platforms: MT4, L2 Dealer
  • InvestinGoal rank: 4.5/5


81% of retail CFD accounts lose money

2. IG Markets

IG is perhaps the most firmly established forex broker in the UK anchoring itself with some of the best technology available today. With that technology, they have managed to acquire a competitive 6.8 avdt. Much of this is down to the excellent IG Trading platform and their use of a combination of both DMA and other market participants to give traders the best market access. It is also worth noting that IG was awarded ‘Best Forex Trading Platform’ in the 2018 Online Personal Wealth Awards.

  • Regulations: IG Markets Limited licensed by ASIC (AFSL no. 220440), licensed by the FSP (No. 18923), and authorised & regulated by the FCA (195355); IG Index Ltd authorised & regulated by the FCA (114059). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:200
  • Minimum Deposit: £ 250 or equivalent
  • Platforms: MT4, web platform, trading apps (iPhone, iPad, Android mobile, Android tablet), L2 Dealer
  • Headquarters: IG Markets Limited is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on shares, indices, bonds, options, interest rates, sectors, cryptocurrency; spread betting; digital 100s
Try IG MARKETS with a demo account

81% of retail CFD accounts lose money

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5


78% of retail CFD accounts lose money

3. Pepperstone

Coming in at a very close third place is Pepperstone at 6.7 avdt. Similarly, the Australian behemoth also benefits from some of the best forex trading technology on offer today and some of the best market access. Traders are known to be particularly fond of Pepperstone’s superb accounts for either ECN or STP trading, allowing them to trade in a way that works for them. Additionally, Pepperstone was awarded ‘Best Forex ECN Broker’ by the UK Forex Awards for 2018, making it perfect for any trader looking specifically for ECN trading.

  • Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN, Market Maker
  • Leverage: 1:500
  • Minimum Deposit: $ 200
  • Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
  • Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
  • US Customers: No
  • Other instruments: CFDs on indices, commodities, cryptocurrency
Try PEPPERSTONE with a demo account

78% of retail CFD accounts lose money

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • IG rank: 4.5/5


79% of retail CFD accounts lose money

4. FxPro

FxPro is another heavyweight contender with 6.5 avdt. They are known for being one of the most innovative forex brokers, usually being very quick to take on new technology and approaches. They were even the first broker to take on the highly popular cTrader and they claim to have executed ‘250,000,000 orders so far’. Traders with FxPro are also known to be very loyal too with the broker being awarded the 2017 award for  ‘Most Trusted Forex Brand UK’ by Global Brands Magazine.

  • Regulations: FxPro UK Limited authorised & regulated by the FCA (509956); FxPro Global Markets MENA Limited authorised & regulated by the DFSA (F003333); FxPro Financial Services Ltd authorised & regulated by CySEC (078/07) and the FSCA (45052); FxPro Global Markets Ltd authorised & regulated by the SCB (SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Agency
  • Leverage: 1:500
  • Minimum Deposit: $100, however, clients under the DFSA will need to deposit $500
  • Platforms: MT4, MT5, cTrader, FxPro Edge (web platform)
  • Headquarters: FxPro Group Limited is headquartered in Limassol, Cyprus
  • US Customers: No
  • Other instruments: CFDs on futures, indices, shares, metals, energies; spread betting
Try FXPRO with a demo account

79% of retail CFD accounts lose money

  • Regulations: FCA, MFSA, DFSA, SFC
  • Minimum deposit: 0$
  • Platforms: MT4/5 Web
  • InvestinGoal rank: 4.0/5


80% of retail CFD accounts lose money

5. Swissquote

Swissquote uses their direct access to the Swissquote bank to give traders some extraordinary liquidity, liquidity they claim is also able to support banks, hedge funds, and even other brokers. Currently, with this liquidity to hand, they manage a cool 4.7 avdt. Swissquote also has a strong history with financial software and web applications, originally set up to specialize in that area back in 1990, meaning they have plenty of experience with trading technology. Swissquote is also an official global partner of Manchester United FC.

  • Regulations: Swissquote Ltd authorised & regulated by the FCA (562170); Swissquote Financial Services (Malta) Ltd regulated by the MFSA; Swissquote Bank MEA Limited regulated by the DFSA; Swissquote Asia Limited regulated by the SFC. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker, Agency
  • Leverage: 1:1000
  • Minimum Deposit: No minimum deposit required
  • Platforms: MT4 (web platform, iOS, Android), MT5 (web platform, iOS, Android)
  • Headquarters: Swissquote Group Holding SA is headquartered in Gland, Switzerland
  • US Customers: No
  • Other instruments: CFDs on stock indices, commodities and bonds, cryptocurrency
Try SWISS QUOTE with a demo account

80% of retail CFD accounts lose money

  • Regulations: CySec, FCA, ASIC
  • Minimum deposit: $200
  • Platforms: Proprietary
  • InvestinGoal rank: 4.5/5

76% of retail CFD accounts lose money

6. eToro

In eToro has exploded in popularity in the last few years and become perhaps one of the most recognizable forex brokers today. Currently, eToro manages 4.5 avdt, which is largely down to their ‘near-immediate execution of market orders’. eToro is definitely one to watch over the next few years, being highly innovative in two very contemporary areas – social/copy trading (perhaps being one of the best in this area) and cryptocurrency trading, offering 14 different crypto pairs, which is highly impressive.

  • Regulations: eToro (Europe) Ltd. authorised & regulated by CySEC (# 109/10); Toro (UK) Ltd authorised & regulated by the FCA (583263); eToro AUS Capital Pty Ltd. authorised by ASIC (491139). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:400
  • Minimum Deposit: Ranges between $200 to $10,000 depending on the region
  • Platforms: Webtrader, mobile (iOS and Android)
  • Headquarters: eToro (Europe) Ltd. is headquartered in Limassol, Cyprus
  • US Customers: Yes, but US clients may have significant limitations. US customers will need to deposit a minimum of $10,000
  • Other instruments: CFDs on indices, stocks, ETFs, commodities, bonds; cryptocurrency
Try ETORO with a demo account

76% of retail CFD accounts lose money

  • Regulations: ES, MAS, CySEC, FCA, ASIC
  • Minimum deposit: $100
  • Platforms: Plus500 Trading Platform
  • InvestinGoal rank: 4.2/5


76.4% of retail CFD accounts lose money

7. Plus500

Plus500 is a hugely popular forex broker, particularly with mobile trading currently having one of the highest rated CFD trading apps on Apple’s App Store and Google Play. Today they have an admirable 4.4 avdt, which has been built up by their 317,000 active traders. They are also listed on the London Stock Exchange and are the primary sponsor of Atlético de Madrid. Plus500 is a great option for those who want a solid CFD broker and trade primarily on the mobile device.

  • Regulations: Plus500UK Ltd authorised & regulated by the FCA (509909); Plus500CY Ltd authorised & regulated by CySEC (250/14); Plus500SG Pte Ltd licensed by the MAS (CMS100648-1) and IE Singapore (PLUS/CBL/2018); Plus500AU Pty Ltd licensed by ASIC (417727), the FMA (486026), and authorised by the South African FSP (47546). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1:30
  • Minimum Deposit: € 100
  • Platforms: Web platform, desktop (windows), mobile apps (iPhone/iPad, Android, Windows phone)
  • Headquarters: Plus500 Ltd. is headquartered in Haifa, Israel
  • US Customers: No
  • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs
Try PLUS500 with a demo account

76.4% of retail CFD accounts lose money

  • Regulations: NYSE, FINRA, SIPC
  • Minimum deposit: $ 2,000 USD
  • Platforms: IBKR, IB Trader Workstation
  • InvestinGoal rank: 4.5/5

74-89% of retail CFD accounts lose money

8. Interactive Brokers

Interactive Brokers (IBKR) is a mammoth broker with a wealth of experience in a variety of financial areas. They have a worldwide presence with offices all over the globe and currently have a 3.9 avdt. Traders with Interactive Brokers can rest easy knowing that their funds are secure with their bank-level security. On top of that, traders are also able to earn extra revenue from their idle funds as well, paying market rate interest. Barron’s have also rated Interactive Brokers ‘Best Online Broker’ for eight consecutive years.

  • Regulations: Interactive Brokers LLC is a member of the NYSE, FINRA, and SIPC and regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission; Interactive Brokers Canada INC. is a member of IIROC; Interactive Brokers Australia PTY LTD licensed & regulated by ASIC (2455740; Interactive Brokers (U.K.) Limited is authorised & regulated by the FCA (208159); Interactive Brokers (India) PVT. LTD. registered with SEBI (INZ000217730); Interactive Brokers Securities Co., Ltd. Financial instruments broker member of the Japan Securities Dealers Association General Financial Futures Trading Association; Interactive Brokers Hong Kong Limited regulated by the Hong Kong Securities and Futures Commission. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: ECN
  • Leverage: 1:78
  • Minimum Deposit: No minimum deposit required, however, you will need to deposit $ 2,000 USD or equivalent if you wish to trade with a margin
  • Platforms: IBKR WebTrader, IBKR mobile (iOS, Android), IB Trader Workstation (desktop)
  • Headquarters: Interactive Brokers LLC is headquartered in Greenwich, USA
  • US Customers: Yes
  • Other instruments: CFDs on shares, indices, bonds, mutual funds, futures, ETFs, Bitcoin futures, cryptocurrency CFDs; options
Try INTERACTIVE BROKERS with a demo account

74-89% of retail CFD accounts lose money

  • Regulations: CySEC, ASIC, EFSA, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.2/5


84% of retail CFD accounts lose money

9. Admiral Markets

Admiral Markets is another broker with a truly international feel, based and regulated in many countries around the world. Today, Admiral Markets handles 3.2 avdt and traders can benefit from an impressive execution speed of 4 milliseconds and a lack of restrictions on trading styles or strategies. Admiral Markets also offer their traders some of the best automated trading tools that can help them get their trades done even faster.

  • Regulations: Admiral Markets UK Ltd authorised & regulated by the FCA (595450); Admiral Markets AS authorised & regulated by the EFSA (4.1-1/46); Admiral Markets Cyprus Ltd authorised & regulated by CySEC (201/13); Admiral Markets Pty Ltd holds Australian Financial Services Licence (410681). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: Clients registered with a standard retail account can access 1:30 leverage, clients registered with a professional account can access 1:500 leverage
  • Minimum Deposit: $ 200 or similar size in other currencies
  • Platforms: MetaTrader WebTrader, MT4, MT5, MetaTrader Supreme Edition
  • Headquarters: Admiral Markets UK Ltd. is headquartered in London, UK
  • US Customers: No
  • Other instruments: CFDs on commodities, indices, shares, bonds, cryptocurrency, ETFs
Try ADMIRAL MARKET with a demo account

84% of retail CFD accounts lose money

  • Regulations: FCA, ASIC
  • Minimum deposit: $1
  • Platforms: MT4, MT5, WebTrader
  • InvestinGoal rank: 3.5/5


74-89% of retail CFD accounts lose money

10. FXOpen

FXOpen is a great option for those who are looking for a broker with superb ECN access. Supposedly being the first broker to offer ECN trading via MT4, they have successfully attained 3.1 avdt. With FXOpen, traders can open either an ECN, STP, Micro or Crypto account. Other benefits include their cashback program that allows traders to receive a refund for any kind of trades including loss-making up to $1,000. FXOpen also offers social trading via Myfxbook or Zulutrade integration as well.

Try FXOPEN with a demo account

74-89% of retail CFD accounts lose money

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