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: September 16, 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 top list of the best brokers for trading GBP/USD. Each broker received a quality score based on several factors, including its Trustpilot rating, regulatory status, fees and commissions, available trading platforms, customer service, and more.

1. 

   Plus500 US

   Rating: 4

   This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

2. 

   eToro

   Rating: 4.2

   61% of retail investor accounts lose money

3. 

   Fusion Markets

   Rating: 4.8

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

4. 

   FP Markets

   Rating: 4.9

   73.85% of retail investor accounts lose money

5. 

   Global Prime

   Rating: 4.7

   74-89% of retail CFD accounts lose money

6. 

   Pepperstone

   Rating: 4.4

   75.5% 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 fails to provide access to this instrument, which means GBP/USD traders have a large array of brokers to choose from. If you are struggling to choose between the many available options, you can use the brokers listed below as a reference to help you find the broker that best suits your trading needs.

Investing in the foreign exchange market involves trading one currency for another. Although retail forex trading is relatively new in its current form, the market has nevertheless become the largest in the world. Trading currencies is done in pairs, 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 conducted through online forex brokers, as it is exceptionally difficult for individual investors to access this market otherwise. This has led to high demand for web-based brokers, and investors now have a wide range of online forex trading websites to choose from.

How GBP/USD trading works for traders and brokers

Trading the GBP/USD – known in investor circles as ‘the cable’ – is popular and involves one of the most traded currency pairings. The instrument is traded in lots of different sizes, and each lot represents the following number of units:

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

The cable is one of the major USD pairs in which the dollar is not the base currency, but rather the quoted currency. This is because the GBP has historically been the stronger of the two, although its value has diminished in recent years.

The timing of relevant financial announcements is a key factor that investors should monitor when trading this pair. For instance, seasoned traders know that UK financial data typically comes out between 02:00 and 04:30 UTC-4, while US data is released between 08:30 and 10:00 UTC-4.

If a trader lives outside the US, it is important to convert these times to the relevant time zone to avoid confusion. The table below shows when financial data are released in several time zones:

Aside from scheduled data releases, major geopolitical and socio-economic events in the UK, the US and around the globe can also play a significant role. For instance, Brexit had a pronounced negative effect on the British pound, and volatility can increase rapidly in such circumstances.

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