What is the best exchange for new traders GB?
There aren’t any exchanges, for retail forex traders.
Retail forex “traders” aren’t really trading, and our “brokers” aren’t really brokers: they’re just counterparties with their own “products” and we’re betting against them on the price movements of those products. No currencies actually change hands at all, when we “trade”.
Even the interbank market, where the “big players” do trade currencies that actually change hands, doesn’t have “exchanges”, per se.
All this stuff will help you -
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Welcome!
Did you perhaps mean to ask about brokers rather than “exchanges”?
If not, then ignore me and just read @Hiromi_Ishii ’s post above. But if you did actually mean “brokers,” then here are two short, current threads which can both help you - click the green text.-
Yes my bad Brokers
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For new traders in GB, if you meant brokers rather than exchanges, there are several solid options. Look for FCA-regulated brokers with low spreads, good execution, and a user-friendly platform. Understanding the market structure is crucial before diving in.
No problem. (I’ve moved the thread to the “Brokers” sub-forum).
You’re well off, in the UK: forex brokers based there must by law be FCA-regulated (“Financial Conduct Authority”) and as long as your account’s FCA-regulated, that avoids at least 95% of the broker-related problems that so many traders encounter. And makes the other 5% probably resolvable, should they arise, too. So it’s about all that really matters, as others have said.
Oanda is good (and has a choice of platforms).
Don’t obsess about this too much, though: just choose any decent, FCA-regulated one where you can both practice on a demo account and trade live after that on a real-money account (i.e. without needing to get used to everything twice!), and good luck, and welcome to Babypips. 
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Sorry, @jayboy1989 , my reply above was no use to you at all, was it? 
I agree with the posts above. Any properly regulated broker should be fine, and in GB they’re all properly regulated. Just don’t use an “offshore” one - that would be really unwise as well as both risky and unnecessarily.
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