What is a forex broker?

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also known be as a retail forex broker or a currency trading broker.

Can a forex broker accept UK traders as clients?

In order for Forex Brokers to accept UK forex and CFD traders as clients, they must be authorised by the Financial Conduct Authority (FCA), which is the regulatory body in the UK. The Financial Conduct Authority or FCA is the regulatory authority for the financial services industry in the United Kingdom.

Which is the Best Forex broker in the UK in 2023?

From among all brokers that we have reviewed that are regulated by the FCA, IG is the best forex broker in the UK in 2023. IG is fully regulated by the FCA and holds dozens of regulatory licenses from major regulatory agencies around the globe.

How do I compare UK authorised forex and CFDs brokers?

Compare UK authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking. Who are the most trusted forex brokers in the UK? Some of the best forex brokers from around the world hold regulatory licenses with the FCA.