Best GBP/USD Forex Brokers

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: March 14, 2025

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• Jump to:
• Curated List of The 10 Best Forex Brokers for GBP/USD Trading
• How GBP/USD Trading Works for Traders and Brokers
• FAQ
›

Our team of expert traders tested several regulated and trustworthy forex brokers and compiled a toplist with the best brokers for trading GBP/USD. Each broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

1. 

   Fusion Markets

   Rating: 4.5

   74-89% of retail's CFD accounts lose money

2. 

   FP Markets

   Rating: 4.8

   73.85% of retail investor accounts lose money

3. 

   Global Prime

   Rating: 4.5

   74-89% of retail CFD accounts lose money

4. 

   Pepperstone

   Rating: 4.5

   75.5% of retail investor accounts lose money

5. 

   Axi

   Rating: 4.4

   The vast majority of retail client accounts lose money

6. 

   XM Group

   Rating: 3.2

   72.82% of retail investor accounts lose money

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Curated List of The 10 Best Forex Brokers for GBP/USD Trading

The cable is the first choice of many investors when it comes to trading in the foreign exchange market. It features two of the most traded currencies globally, the British pound and the United States dollar.

As such, no online broker will neglect to allow its users to invest in this instrument, making the choice of brokers GBP/USD traders could go for quite large. If you are struggling with picking between the various options available, you can use the brokers listed below as a point of reference that will aid you in finding the broker that is best for your trading needs.

Investing in the forex exchange involves trading one currency for another. In its current form, the practice is relatively new, but it has nonetheless become the largest market worldwide. Trading currencies is done in pairings, of which there are hundreds. The GBP/USD is, at the time of writing, the third most traded pair.

The vast majority of retail trading is done through online forex brokers, as it is exceptionally difficult for retail investors to take part in this market otherwise. This has led to a demand for web-based brokers, and investors now have a vast number of online forex trading websites to choose from.

How GBP/USD Trading Works for Traders and Brokers

Trading the GBP/USD, or, as it is known within investor circles, trading the cable, is popular and involves one of the most traded currency pairings. The instrument is traded in lots, which are several in size, and they denote that the following unit count will be traded:

• Standard – 100,000 units
• Mini – 10,000 units
• Micro – 1,000 units

The cable is one of the major USD pairs where the dollar does not have the role of the base currency, but is instead the quoted currency. This is attributed to the fact that the GBP has remained the stronger of the pair, although its value has diminished in recent years.

The time at which relevant financial information is disclosed is one of the key factors investors should focus on when trading this pairing. For instance, seasoned traders will know that UK financial data tends to come out between 2 am and 4:30 am UTC-4. As for US data, it is released between 8:30 am and 10 am UTC-4.

If a trader lives outside of the US, it is important to convert this information to the relevant time zone in order to avoid confusion. The following table showcases the time of financial data disclosure within several time zones:

Apart from data releases, major geopolitical and socio-economic events within the UK, US and the world, in general, can also play a significant role. For instance, Brexit had a strong negative effect on the British pound, and volatility can also increase rapidly in such circumstances.

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