The Best Forex Spreads UK offer competitive trading conditions, including low spreads for major currency pairs. Some also offer low spreads for other CFD markets, such as commodities and stock indices. Traders can find the best forex broker for them by checking each brokerage’s website to see how they compare in terms of fees and platforms.

Best Forex Spreads UK: Where to Get the Lowest Trading Costs

Most of the UK forex brokers on this list are regulated by the Financial Conduct Authority (FCA). This ensures that traders’ funds are safe and that the broker meets certain minimum standards of trading practice. IG Markets, for example, offers low fixed spreads on a variety of forex pairs. This includes the GBP/EUR pair, which has a spread of just 2 pips. Another popular choice among UK forex traders is Trade Nation, which offers a user-friendly platform and educational resources for beginners. FP Markets, meanwhile, provides a number of popular trading platforms and supports desktop and mobile devices.

Some brokers in the UK offer spread betting accounts, which allow customers to speculate on the price of a forex pair without paying traditional commissions. These accounts are not considered to be investments and therefore are exempt from capital gains tax in the UK. Pepperstone, for example, has a standard account that starts at just 0.6 pips, and a Razor account for advanced forex traders that offers a super tight spread for all major currency pairs. The exact spreads offered by each broker will vary, however, as they are based on the broker’s base currency.