The UK is one of the world's largest economies, London is a highly liquid global financial centre, London's foreign exchange market is one of the world's most active, and the British pound (GBP) is a major currency widely traded on the foreign exchange market.。

Regarding Forex brokers, the UK has strict regulations under the supervision of the Financial Conduct Authority (FCA).。Numerous brokers offer attractive options for lowest spreads。

Considerations for Choosing a UK Low Spread Broker

There are several important considerations to keep in mind before choosing a Forex broker in the UK。These include:

FCA Regulation

The UK's Financial Conduct Authority (FCA) is the main regulator to ensure brokers comply with safety and transparency standards。UK residents must choose a forex broker regulated by the FCA to ensure safe trading and capital security。

Setting up an office in the UK

Secondly, it is recommended that you choose a broker with a local office in the UK that is regulated by the FCA.。This is especially beneficial when you have a problem with a broker, especially if the problem cannot be solved online。

If the broker has an office in the UK, you can easily access the office to solve the problem more effectively。In addition, the presence of an office of a broker entity will give a more credible impression, as you can witness its operations with your own eyes。

Lowest spread for EUR / USD and GBP / USD

EUR / USD and GBP / USD are the most liquid currency pairs on the market。Unlike cross-currency pairs or foreign currency pairs, which often experience sudden spikes or plunges, these two currency pairs are relatively stable and frequently traded, making them a favorite of many traders。

Therefore, if you are going to choose the broker with the lowest spread, focus on the spread of these two currency pairs to measure。The lower the spread you need to pay, the more cost-effective your transaction fees will be。

Top 10 UK Low Spread Forex Brokers

According to the above criteria, the following 10 Forex brokers are the best brokers for UK clients。Let's review one by one。

1. HF Markets

• FCA Regulatory Number:801701
• Status: Authorized since November 14, 2018
• UK office address: Bloomsbury House, 10 Bloomsbury Way, Holborn, London, WC1A 2SL
• Office Phone Number:+44 2035199890、+44 2035199890
• EUR / USD and GBP / USD spread: 0 points

HF Markets has been trading since 2010。In addition to FCA, the broker is subject to a number of regulations including CySEC, Seychelles FSA, Mauritius FSC, SVG FSA, Dubai and FSCA。

UK customers can enjoy variable zero spreads in a zero account at HF Markets, which offers three types of accounts in addition to zero accounts: professional accounts, cent accounts and premium accounts。

Although the spread of professional accounts is not zero, it is still relatively low, with a spread of 0 for EUR / USD and GBP / USD.6。Meanwhile, for cent and premium accounts, the spread of EUR / USD is 1.4 points, £/ $1.6 o'clock。

The broker also offers a feature called negative balance protection to protect clients "accounts and funds.。You can trade forex and various other assets with leverage of up to 1: 2000 at HF Markets。

2. Pepperstone

• FCA Regulatory Number:684312
• Status: Authorized since August 5, 2015
• UK office address:70 Gracechurch Street, London, EC3V 0HR
• Office Phone Number:+44 8000465473、+44 8000465473
• EUR / USD and GBP / USD spread: 0 points

Pepperstone has been operating since 2010, and five years later obtained an FCA license; two types of accounts are available: razor accounts and standard accounts。To trade EUR / USD and GBP / USD with zero spread, you need to open a Razor account。At the same time, the floating spread of the two foreign exchange currency pairs in the standard account is 1 point。

No minimum deposit required to start trading at Pepperstone。Regarding leverage, you can trade forex with a maximum leverage of 1: 500。

3. ThinkMarkets

• FCA Regulatory Number: 629628 (in the name of TF Global Markets UK Limited)

• Status: Authorized since January 23, 2015

• UK office address:G07 New Broad Street House, 35 New Broad Street, London, EC2M 1NH

• Office Phone Number:+44 02038295421

• EUR / USD and GBP / USD spread: 0 points

ThinkMarkets also allows you to trade zero spreads without a minimum deposit, provided you have to open a ThinkZero account。

Not only EUR / USD and GBP / USD, the broker even offers zero spreads for several other major currency pairs, such as USD / JPY, USD / CHF, USD / CAD, and some other currency pairs, such as AUD / CAD, AUD / JPY and EUR / AUD。

For standard accounts, the multi-regulated broker sets a spread of just over 1 point for major currency pairs。For retail customers in particular, leverage of up to 1: 30 is allowed。If you are a professional client looking to trade successfully in ThinkMarkets, leverage up to 1: 500。

4. Admirals

• FCA Regulatory Number:595450
• Status: Authorized since June 12, 2013
• UK office address:37th Floor, One Canada Square, Canary Wharf, London, E14 5AB
• Office Phone Number:+44 02077264003\+44 02077264003
• EUR / USD and GBP / USD spreads: 0-0.1 point

Admirals, also known as Admiral Markets, is a broker that has been serving clients in various countries since 2001.。In addition to the FCA, the multi-asset broker has licenses from ASIC and five other regulators.。

EUR / USD traded at Admirals with zero spread, but GBP / USD traded with spreads as low as 0.1 point。This spread condition applies to two Admirals accounts, Zero.MT5 and Zero.MT4。

Meanwhile, two other accounts, Trade.MT5 and Trade.MT4's major currencies are also 0 against the spread..1。For Forex trading, UK customers in Admiral

s can enjoy a leverage ratio of up to 1: 500。The minimum deposit for opening an account is only $1。

5. FXOpen

• FCA Regulatory Number:579202
• Status: Authorized since March 22, 2013
• UK office address:80 Coleman St, London, EC2R 5BJ
• Office Phone Number:+44 02035191224
• EUR / USD and GBP / USD spread: 0.1 point

Although the zero difference is not reached, FXOpen still offers as low as 0.1 point EUR / USD and GBP / USD floating spread。You can enjoy these spreads by opening a FXOpen ECN account。

However, the minimum deposit requirement to start trading at FXOpen is high, at £300。In addition, only 1: 30 forex trading leverage is allowed。For some small or special currency pairs, the leverage is only 1: 20。This is undoubtedly an important consideration for traders with limited funds。

6. Plus500

• FCA Regulatory Number:509909
• Status: Authorized since June 29, 2010
• UK office address:8 Angel Court, Copthall Avenue, London, EC2R 7HJ
• Office Phone Number:+44 02038761640
• EUR / USD and GBP / USD spread: 0.13-0.19: 00

Plus500 is a broker regulated not only by the FCA but also by ASIC (Australia)。Since its first operation in 2008, the broker has offered a wide range of trading instruments including forex, equities, CFDs, ETFs, indices, oil, cryptocurrencies and metals.。

For UK traders, Plus500 sets 0 for the EUR / USD currency pair in retail accounts.Floating spread from 13, setting 0 for GBP / USD.Floating point difference from 19 o'clock。No Commission Paid。

However, the minimum deposit for both retail and professional traders is relatively high, at $100.。Typically, a retail trader has a lower minimum deposit, but so does this broker。Allowable foreign exchange leverage is also only 1: 30。

7. Vantage Markets

• FCA Regulatory Number: 590299 (under the name Vantage Global Prime LLP)
• Status: Authorized since July 1, 2013
• UK office address:7 Bell Yard, London, WC2A 2JR

• Office Phone Number:+44 2070435050

• EUR / USD and GBP / USD spread: 0.2-0.5 points

Vantage Markets, sometimes called Vantage, received FCA regulation in 2013, a few years after it first opened.。The broker offers more than 40 tradable forex currency pairs, including major currency pairs, cross currency pairs and special currency pairs。

Spreads on Vantage Markets forex trading are not fixed as they can change at any time。However, in Raw ECN and Pro ECN accounts, the average spread of EUR / USD is 0.2 pips, the average spread of GBP / USD is 0.3 points。Raw ECN accounts receive a commission of £1 per lot, but Pro ECN accounts do not。

Unfortunately, the minimum deposit required to open an ECN type trading account is quite high, up to $1,000 or £1,000, and the leverage ratio is as low as 1: 30。

8. IG

• FCA Regulatory Number:195355
• Status: Authorized since 1 December 2001
• UK office address:Cannon Bridge House, 25 Dowgate Hill, London, EC4R 2YA
• Office Phone Number:+44 2078960011
• EUR / USD and GBP / USD spread: 0.6-0.9 o'clock

IG Markets (often referred to as IG) is an established trader in the trading world。The broker has been operating since 1974.。In 2001, IG obtained an FCA license and holds a CFTC license.。

IG broker offers low spreads, EUR / USD as low as 0.6, GBP / USD as low as 0.9 o'clock。The advantage of this broker is that no minimum deposit is required to start trading。No commission is charged either, as commissions are included in the spread cost。

9. OANDA

• FCA Regulatory Number: 542574 (in the name of OANDA Europe Limited)
• Status: Authorized since May 17, 2011
• UK office address:Dashwood House, 69 Old Broad Street, London, EC2M 1QS
• Office Phone Number:+44 02071011600
• EUR / USD and GBP / USD spreads: 1-1.2 points

OANDA has been operating since 1996 and was granted an FCA license in 2011.。In addition to FCA, OANDA holds various other licenses including ASIC, FSA Japan, CFTC, FSC BVI, IIROC and MAS。

OANDA's foreign exchange trading spreads are not fixed, but the average spread of EUR / USD is 1 point, and the average spread of GBP / USD is 1.2 points。This spread applies to OANDA's standard and professional accounts。These accounts do not require a minimum deposit, but have a relatively low leverage ratio of 1: 20。

One difference between the two accounts is that the margin requirements for retail accounts are higher than for professional accounts。There is also a higher level of protection for retail accounts, including negative balance protection。

10. eToro

• FCA Regulatory Number:583263
• Status: Authorized since May 9, 2013
• UK office address:24th Floor One Canada Square, Canary Wharf, London, E14 5AB
• Office Phone Number:+44 02045251189
• EUR / USD and GBP / USD spreads: 1-2 points

eToro is also a broker offering low spreads to UK clients。The spread of EUR / USD is 1 point, the spread of GBP / USD is 2 points, all spreads are fixed。No commission as the commission is already included in the spread。

The broker is also licensed by ASIC, CySEC and the Seychelles Financial Services Authority to offer a relatively high leverage ratio of up to 1: 400。However, the minimum deposit of $200 is relatively high.。

Which Low Spread Broker Is Best？

Most traders seek low spread brokers to save on trading fees。Therefore, to choose the best low spread broker, also consider other fees that may be incurred, such as commissions and the minimum deposit required to start a transaction。

No.	Broker	Spread	Commission	Minimum deposit
1	HF Markets	From 0 o'clock	$3 per hand / side	$0
2	Pepperstone	From 0 o'clock	$3.50 per hand / side (£2.25 per lot / side)	$0
3	ThinkMarkets	From 0 o'clock	£2.50 per hand / side	$0
4	Admirals	0-0.Between 1 o'clock	$1.8 - $3 per hand / side	$1
5	FXOpen	0.From 1: 00	$3.50 per lot / side (accounts with balances below $1,000)	$300
6	Plus500	0.13-0.Between 19 o'clock	$0	$100
7	Vantage Markets	0.2-0.Between 5 o'clock	$1 or £1 per hand / side	$1,000
8	IG	0.6-0.Between 9 o'clock	$0	$0
9	OANDA	1-1.Between 2 o'clock	$0	$0
10	eToro	1-2 points	$0	$200

Here are the top 10 forex brokers offering the lowest spreads for UK traders。HF Markets, Pepperstone and ThinkMarkets are in the top three, providing ultra-low spreads as low as 0 points for major currency pairs such as EUR / USD and GBP / USD.。

They also offer relatively favorable commissions, allowing you to save money, with HF Markets, Pepperstone and ThinkMarkets still suitable for UK traders with limited funds。