Largest Forex Brokers in the UK

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 10 min read
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At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

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.

Table of contents

The Top 10 the Largest FX brokers in the UK for 2021

Here’s our ranking.

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73.50% of retail investor 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.

80
Rated: Excellent
Security 94
Cost 70
Trading 71
Education 80

Platforms: MT4 Dekstop, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FCA, CFTC, MIFID-ESMA, ASIC, IIROC Minimum Deposit: 0
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76% 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.

90
Rated: Excellent
Security 98
Cost 62
Trading 100
Education 84

Platforms: Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSCA, DFSA Minimum Deposit: 300
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74-89% of retail investor accounts lose money when trading CFDs

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.

90
Rated: Excellent
Security 94
Cost 75
Trading 100
Education 71

Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, DFSA, CYSEC, Offshore Minimum Deposit: 0
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75.54% of retail investor 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.

80
Rated: Excellent
Security 95
Cost 58
Trading 76
Education 83

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, Offshore Minimum Deposit: 100
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79% of retail investor 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.

84
Rated: Excellent
Security 98
Cost 76
Trading 75
Education 80

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FINMA, FCA, MIFID-ESMA, SFC, DFSA Minimum Deposit: 0
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68% of retail investor 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.

78
Rated: Excellent
Security 94
Cost 71
Trading 69
Education 63

Platforms: Proprietary Web Platform Regulations: FCA, CFTC, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 200
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72% of retail investor accounts lose money

7. Plus500

Plus500 is a hugely popular CFD 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.

74
Rated: Excellent
Security 96
Cost 70
Trading 66
Education 37

Platforms: Proprietary Web Platform Regulations: MAS, FCA, MIFID-ESMA, ASIC, FMA, CYSEC, ISA, Offshore Minimum Deposit: 100
Visit Broker
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.

80
Rated: Excellent
Security 95
Cost 71
Trading 71
Education 75

Platforms: Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: MAS, FCA, CFTC, MIFID-ESMA, ASIC, IIROC, SEC, CYSEC, Offshore Minimum Deposit: 0
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76% of retail investor 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.

80
Rated: Excellent
Security 94
Cost 71
Trading 73
Education 78

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 100
Visit Broker
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.

76
Rated: Excellent
Security 94
Cost 72
Trading 68
Education 52

Platforms: Mirror Trader, ZuluTrade, MT5 Desktop, Proprietary Web Platform, MAC Platforms Regulations: FCA, ASIC Minimum Deposit: 10

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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