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8 Best Forex Trading
Platforms of 2023

Master the Forex Market with Finesse: We have Researched the Best Forex Trading Platform UK for beginner traders out of 59+ brokers

Written By:
David Crawly
Publication Date
28 may 2023
Last Updated
28 june 2023

Best CFD trading platform for UK traders, Award winning xStation5 trading platform


4.8/5 ratings


Regulated By

Year Established

Trading Instrument


More Info
Spreads Account Types Trading Instruments Method Of Training
Demo Account
Guranteed Stop order
Micro Account
MT4 Risk Managment Tool
Micro Account
MT4 Risk Managment Tool

Risk Warning: CFDs are leveraged products 73% of traders lose money when trading CFDs with XTB

8 Best Forex Trading Platforms of 2023

Our Featured List

Best CFD Broker for European

Best Metatrader 4

Best Low Spread & Regulated ECN Broker

Best Overall Global

Best CFD Broker for

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No.1 UK Spread Betting

Best Innovative FX

Table of Content

BlackBulll Markets

Six Point Rule for Best Forex Trading Platforms Uk

As a forex trader, having access to a reliable and feature-rich platform is essential for making informed decisions, executing trades with precision, and staying ahead of the ever-changing market trends. In this article, we will delve into the top contenders for the title of the “Best Forex Trading Platform in the UK,” exploring their unique features, user-friendly interfaces, powerful trading tools, and seamless execution capabilities. 

Get ready to discover the ultimate platform that will empower you to navigate the UK forex market with confidence and precision, while maximising your potential for profitable trades.

We believe there are six main factors to keep an eye on when thinking about which broker to sign up with. Ekzaga was solely created to have information accessible on top forex brokers at your fingertips and to make an online broker selection easier. 

Read more about what we call the “Six Points” when looking for the best forex trading platforms.

Broker Regulation

FCA Compensation Structure

Is important to know by whom the broker is regulated because if it’s not regulated by any licensing authority, it is not a trusted Forex broker under any circumstance. This is one of the most researched terms when choosing a forex broker.

The Majority of Top Tier Forex brokerage firms as we know are regulated, e.g. the FCA (Financial Conduct Authority) which regulates XTB UK brokerage offers compensation to traders that have a deposit amount of up to £50,000 in the case the firm was to go through liquidation. 

A Client’sSafety of deposited funds is a critical factor when choosing the best online brokerage. All FCA regulated brokers guarantee that all their client funds are pooled in segregated accounts to their funds for deposit protection and client peace of mind. 

CySEC and ASIC Regulatory Bodies

Although the Cysec (Cyprus Securities and Exchange Commission) and ASIC (Australian Securities and Investments Commission) regulate brokers that are established in their domain they are highly respected and have the stamp of approval from industry professionals. 

Markets.com broker is regulated by CySEC and Pepperstone Broker is by ASIC. These are amongst a few that are regarded as the best forex brokers for beginners.

xtb-review XTB avatrade-logo-8783-300x300-_2 Avatrade l9.60x0-is XM
Overall Trust Score
Years Established
Regulatory Authority
Why Choose?
5-Star Rating on Trust Pilot
200 plus Instruments to trade
Popular- Over 1,000,000 users
Client funds in segregated accounts
Client funds in segregated accounts
Client funds in segregated accounts
Competitive Fixed & Variable Spreads
Regulated in 5 continents
No Re-quotes and No Rejections

The 'Spread' Alerts

Having information about spreads when analysing any currency trading platform is integral to stay ahead in your trading.

‘Spread’ is the difference in pips between the BID price and the ASK price quote (also called buy/sell) in a currency pair like the EUR/USD.

When trading Forex it is necessary to understand that the ASK price needs to be higher than the bid price all the time, and that difference is banked by the broker, obviously as a profit. That is the main reason why the spread has such a significant impact on your work as a Forex trader. 

Basic Understanding of ‘PIPs’ 

As a trader, you want to bank as much profit as possible and depending on what strategy or style you trade what spread you have to pay out to the broker is very important. For example, If you execute many traders or plan to have many open trading positions then one pip or two pips spread difference could mean saving pounds per trade.

This is incumbent to the size of your trades, one pip spread on a standard lot trade (100k) will mean the difference in ££s to one pip spread on micro-lot trade.

The spread is nothing more than the cost of each of the transactions performed by you as a trader in the market; of course, the price varies from broker to broker.

All spreads quoted below for each broker are fixed spreads.

Check Overnight Trading Fee’s

Analysing and assessing the overnight carry rate and swap rate analysis when choosing a trusted forex broker. For those who are in search of Swap-Free i.e. Overnight Interest-Free Accounts (see Islamic Broker Accounts) where your broker will not charge interest fees for having overnight open trading positions. 

This applies to Swing Traders and Long-term Position traders that must consider and factor this into their trading.


Swap-Free accounts were originally designed by brokers for traders who were not permitted to trade Interest related products due to religious beliefs e.g. Muslims of the Islamic religion. Traders who Scalp or Day Trade the markets should not be concerned with Swap-free as all their positions are liquidated within the trading day.

The swap rate is nothing more than the rate of the fixed leg of a swap as unwavering by its specific market and the parties involved.

Trading Instruments xtb-review XTB avatrade-logo-8783-300x300-_2 Avatrade plus500 Plus-500
EUR/USD (pips)
GBP/USD (pips)
USD/JPY (pips)
Dow (US30)
Crude Oil

Customer Service and Client Support

Multi-Language Support for Best Forex Trading Platform UK

If a Broker that offers customer service in more than 15 different languages, means that they are to be trusted. That is a sure sign that you’ve found a diversified and globally recognised online trading platform for you. XTB and Markets.com are known for covering customer support in a broad number of languages.

Importance of Query & Complaint Handling

Depending on what type of account you open and the value of funds you deposit the majority of brokers listed above give you a one-to-one personal dedicated account manager. 

Normally, a dedicated manager is always good to have when you have issues with adjusting to the functionality and use of the platform, issues with depositing funds or withdrawing funds, and resolving queries regarding spreads, fees and even commission on trades. 

This is why on many forums, traders outline that one of the major concerns was the delayed withdrawals of profits. We can ensure that the brokers above beat the market standard when it comes to the withdrawal of profits/funds.

Does The Broker have a Dedicated Account Manager?

A dedicated account manager is normally assigned when you sign up for a standard account, or VIP account or deposit a certain amount this varies from broker to broker. 

It’s not integral for having a dedicated account manager as pretty much all brokers listed on ekzaga.com have an informative step-by-step help section on their platforms for their users. 

In terms of client interaction, the majority of brokers can be contacted by standard e-mail, telephone and online live chat.

xtb-review XTB avatrade-logo-8783-300x300-_2 Avatrade plus500 Plus-500
Office Headquarter
London, UK
London, UK
Dublin, Ireland
Account Opening Contact
(Slow Response)
Live Online Chat
Language Offered
Personal Account Manager
Start Trading

Use of Platforms

The Interface/terminal platforms used by every Forex broker to execute trades differ from each other. Some forex brokers have their own designed platforms or even their own accessible MetaTrader 4 or MetaTrader 5 platforms (the most popular forex and commodity trading platforms for beginners).

Most Popular Trading Platforms

Here are some of the most known in the market:

  • MetaTrader 4 is one of the most famous platforms, widely used in foreign exchange. It owns web and Mobile Trading Apps support. The simplicity of using the interface makes it the best place to start for any beginner Forex trader. 
  • The MetaTrader 5 is the successor of MT4 and has the same functions as MT4, but better. 
  • cTrader platform is a well-known trading platform that owns an excellent take profit and stop-loss system, varying chart time frames, and a different and new interface. 
  • Brokers such as XTB and Markets.com have their award-winning platforms xStation5 and eToro web trader. They have unique indicators and some additional unique features than your standard MetaTrader 4 platform.