Best Brokers With GBP Accounts 2025
Dig into our top brokers offering GBP accounts based on thorough tests, reducing conversion fees and optimizing the experience for traders using the British Pound.
WriterJames Barra
Fact CheckerTobias Robinson
Brokers With:
British Pound (GBP)
Showing top 5 of 54 matching brokers.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms.
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3OANDA is a well-known company that excels in quick trade executions, low deposit necessities, and impressive charting and trading platform functions. The highly-regarded brand has over 25 years of expertise and is overseen by reliable authorities like the NFA/CFTC. It provides 24/7 support for traders and offers flexible contract sizes with automated trade executions.
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4Videforex, started in 2017, is a platform that grants access to stock, index, crypto, forex, and commodities markets through binary options and CFDs. Its specialized platform, mobile app, and integrated copy trading are suitable for new and less frequent traders. By offering market analysis tools and hosting trading contests, Videforex helps to enhance your trading expertise.
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5RaceOption is a binary options broker based in the Marshall Islands. It has more than 1,500 clients and strives to provide speedy funding, minimal fees, and a safe trading environment. Traders can choose from over 100 binary options and CFDs, enjoy copy trading, and have the chance to win weekly prizes.
Compare Brokers With GBP Accounts
| Broker |  |
Payment Methods |
|---|---|---|
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ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | |
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ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, Skrill, Visa, Wire Transfer | |
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ACH Transfer, Debit Card, Mastercard, Visa, Wire Transfer | |
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Bitcoin Payments, Credit Card, Ethereum Payments, Mastercard, Neteller, Perfect Money, Skrill, Visa | |
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Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Neteller, Perfect Money, Skrill, Visa | |
| Broker | |
Payment Methods |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $0 | $100 | 1:50 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
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✓ | $100 | 0.01 Lots | 1:50 | Forex, Stock CFDs, Futures, Futures OptionsForex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | WebTrader, Mobile, MT4, MT5, TradingView |
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✓ | $0 | 0.01 Lots | 1:50 | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) | OANDA Trade, MT4, TradingView, AutoChartist |
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✓ | $250 | $0.01 | 1:500 | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | TradingView |
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✓ | $250 | $0.01 | 1:500 | Binary Options, CFDs | TradingView |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best Brokers With GBP Accounts 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✗ | |
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✓ | ✗ | ✗ | |
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✓ | ✓ | ✗ | |
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✗ | ✗ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With GBP Accounts 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With GBP Accounts 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $250 | $0.01 | ✗ | ✗ | ||
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✓ | $250 | $0.01 | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With GBP Accounts 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✗ | 1:50 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:50 | ✓ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | 1:500 | ✗ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:500 | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With GBP Accounts 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With GBP Accounts 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With GBP Accounts 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $15 | 0.14 | 1.2 | BTC 1.4%, ETH 2% | |
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✗ | $0 | ✗ | 1.6 | $100 | |
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✗ | $10 | NA | 0.1 | Floating | |
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✗ | ✗ | Variable | Variable | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With GBP Accounts 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| FOREX.com |
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| Videforex |
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| RaceOption |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- Interactive Brokers has introduced ForecastTrader, a zero-commission service allowing users to trade yes/no Forecast Contracts on political, economic, and climate events. Contracts offer fixed $1 payouts, 24/6 market access, and a 3.83% APY on held positions.
- The new IBKR Desktop platform combines the advantages of TWS and adds unique tools like Option Lattice and Screeners with MultiSort to make trading accessible and impressive for traders of all levels.
- IBKR is a highly regarded brokerage, regulated by prime authorities. This ensures the safety and reliability of your trading account.
Cons
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- Numerous educational materials such as tutorials, webinars, and a comprehensive YouTube channel are available to assist you in learning about the financial markets.
- The Web Trader remains one of the top platforms for budding traders, boasting a sleek design and more than 80 technical indicators for market analysis.
- FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
Cons
- FOREX.com's MT4 platform provides around 600 instruments for trading, which is considerably less than the 5,500+ options accessible on its other platforms.
- The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
- FOREX.com has expanded their trading offerings, but these remain limited to forex and CFDs. Unfortunately, they don't provide options to invest in actual stocks, ETFs, or cryptocurrencies.
Go to FOREX.com
76-77% of retail accounts lose money with this provider.
Why Trade With OANDA US?
OANDA is a reputable broker for US traders. It offers user-friendly tools for analysis and a simple sign-up process. It is very trustworthy due to heavy regulation.
Pros
- Traders can experience quick and dependable order execution.
- There's a robust selection of 68 currency pairs for committed forex traders focusing on short-term trades.
- The broker provides clear pricing without any concealed fees.
Cons
- Few payment options are available and e-wallets are not supported.
- The trading markets are limited to only forex and cryptocurrencies.
- Customer support is not accessible during weekends.
Go to OANDA US
CFDs are not available to residents in the United States.
Why Trade With Videforex?
Videforex caters to traders who want a simple platform for predicting the trends of major financial markets through binary options. With a swift registration process and web-based platform, it's easy to get started.
Pros
- Videforex has added over 60 new assets, offering traders access to popular crypto (TON, ARB, PEPE, SHIB), leading tech stocks (Tesla, Meta, Nvidia, Amazon), and a more diverse FX portfolio (THB, ZAR, MXN).
- Traders have the opportunity to earn up to 98% payouts on over 100 assets through the broker's binary options. This offering is comparable to competitors such as IQCent.
- Videforex is a rare brokerage with 24/7 multilingual video support, offering extensive help for active traders.
Cons
- Videforex is not authorized by a reliable regulator. This means traders may not get important protections such as separate client accounts.
- Our latest tests indicate that the client terminal requires upgrades due to occasional slow and unresponsive widgets, which may negatively affect the experience for traders.
- The lack of educational resources is a significant disadvantage for new traders, as top trading platforms often provide useful content like blogs, videos, and live trading sessions.
Why Trade With RaceOption?
RaceOption offers a diverse binary options trading experience with contests, account benefits, and copy trading. However, it's unregulated, providing minimal to no investor safeguards, based on our research.
Pros
- RaceOption allows easy account funding with no-charge, quick deposits using bank cards and cryptocurrencies. It also promises to process withdrawals within an hour.
- RaceOption is one of the few brokers that offer 24/7 video chat in several languages. However, based on our experience, their agents require more knowledge about trading rules and practices.
- Popular assets like EUR/USD have payouts up to 95%, which is higher than most alternatives. Also, the first three trades are risk-free with Silver and Gold accounts. This can potentially increase your returns.
Cons
- RaceOption is a high-risk broker that is not regulated. It does not offer compensation or legal options if you encounter problems with trading or withdrawing funds.
- RaceOption, lacking a demo account and an educational offer, may not be a suitable option for novice traders.
- The $250 minimum deposit may be higher for some traders, particularly when compared to Deriv and World Forex, which are suitable for those with a smaller budget.
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Methodology
To identify the best brokers offering GBP-denominated accounts, we utilized our frequently updated database, which includes hundreds of online brokers.
We zeroed in on platforms that allow clients to deposit, withdraw, and trade in British Pounds (GBP), focusing on their suitability for UK-based traders or those who prefer using GBP for their trading activities.
Rankings were determined by combining comprehensive scores across 200+ metrics, such as trading fees, platform usability, range of instruments, and regulatory oversight, complemented by insights from our hands-on tests.
What Is a GBP Account?
A GBP account is a trading account where all transactions, profits, and losses are recorded in British Pounds.
As the national currency of the United Kingdom and one of the world’s most traded currencies, the British Pound is particularly appealing to UK-based traders and those with financial ties to the UK economy.
Over 50% of the brokers in our database offer GBP-denominated accounts, particularly those targeting traders in the UK and British territories.
Following our tests of the best trading accounts, we’ve found that GBP accounts offer several key benefits:
- Avoiding Currency Conversion Costs: Traders avoid fees associated with converting funds from GBP into other currencies, which is especially beneficial for those trading UK-listed stocks or other GBP-denominated instruments.
- Hedging Against FX Volatility: A GBP account protects traders whose income, savings, or expenses are tied to the Pound from unfavourable exchange rate fluctuations.
- Direct Access to UK Markets: It simplifies investment in FTSE-listed stocks, UK government bonds (gilts), and other GBP-based financial instruments, providing seamless access for traders focusing on the UK economy.
How Do I Open a GBP Account?
Setting up a GBP trading account is quick and straightforward. I’ve done it multiple times. Here are the steps:
- Choose a Broker: Select a broker that offers GBP as a base currency option. Consider their fees, platform features, range of instruments (e.g., FTSE 100 stocks, UK ETFs, or currency pairs like GBP/USD), and their regulatory compliance (e.g., brokers regulated by the FCA in the UK).
- Register an Account: Complete the broker’s account registration process. This typically involves providing proof of identity and address, especially in line with UK anti-money laundering (AML) and know-your-customer (KYC) requirements.
- Select GBP as Your Base Currency: During account setup, choose GBP as your base currency to ensure all transactions and balances are denominated in Pounds.
- Fund Your Account: Deposit funds directly in GBP or convert other currencies into GBP using the broker’s platform (if they support multi-currency deposits).
- Start Trading: Once the account is funded, you can trade GBP-denominated assets, such as UK stocks or currency pairs like GBP/JPY, without worrying about conversion fees.
As an example, below you can see how I set up a GBP trading account at IC Markets.
Configuring a GBP trading account at IC Markets
Should I Use a GBP Trading Account?
A GBP trading account may be the right fit if the following apply:
- You Live in the UK or a GBP-Tied Region: For traders in the UK or British Overseas Territories, a GBP account aligns with your local currency, simplifying withdrawals, tax reporting, and bookkeeping.
- You Trade UK-Based Assets: If your portfolio includes UK stocks, bonds, or other GBP-denominated assets, a GBP account eliminates unnecessary currency conversion costs and streamlines transactions.
- You Earn, Spend, or Save in GBP: Traders whose primary income or expenses are in Pounds benefit from reduced exposure to exchange rate volatility and better alignment with their financial goals.
- You Operate in Pound-Denominated Economies: For traders in countries that rely on or peg their currencies to the Pound, such as the Isle of Man or Gibraltar, a GBP account ensures smoother financial operations.
What Are the Limitations of a GBP Trading Account?
While GBP accounts offer numerous advantages, there are a few potential drawbacks to consider:
- Limited Global Reach: Compared to USD accounts, GBP accounts may not provide the same ease of access to international markets dominated by other currencies, such as the US or Asian markets.
- Currency Conversion Costs for Non-GBP Assets: If you trade instruments denominated in other currencies (e.g., USD, EUR, JPY), you may incur conversion fees when funding, trading, or withdrawing funds, which can erode your profits.
- Exposure to GBP Volatility: If the Pound weakens relative to other currencies, the value of your holdings may decrease when measured in those currencies. This is particularly relevant for traders with international financial obligations.
- Regulation-Specific Constraints: While brokers serving GBP accounts are often FCA-regulated, the UK’s regulatory environment post-Brexit has evolved. Some European brokers might restrict access to UK-based traders or require additional steps for compliance.