FCA Regulated Forex Brokers

FCA Regulated Forex Brokers, are fx brokers that are fully regulated by the Financial Conduct Authority and have a physical presence in the UK.

 

Here is a list of FCA Regulated Forex Brokers

 

Rank
Broker
Regulation
Min. Deposit
Min. Spread
Start Trading
1
Fxtm
FCA, CySec, FSB
$5
0.1
Open Account
Review
2
Avatrade
CySec, FCA
$100
2.1
Open Account
3
Plus500
FCA, Cysec
$100

0.7
Open Account
4
Easymarkets
CySec, ASIC
$100

0.8
Open Account
5
24option
CySec
$100
2.1
Open Account
6
Markets.com
CySec,FSB
$100
1.7
Open Account
7
Etoro
CySec,FCA,ASIC
$200
0.6
Open Account
8
Ufx
CySec
$500
0.5
Open Account
9
Cityindex
FCA
$100
1.8
Open Account
10
Forex.com
FCA
$250
1.8
Open Account
11
Fxcm
FCA,ASIC,NFA
$100
1.4
Open Account
12
XM
FCA,CySec,ASIC
$100
2
Open Account
13
Exness
CySec,ASIC
$100
0.9
Open Account
14
Fbs
CySec,IFSC
$1
0.9
Open Account
15
Etx capital
FCA
$100
0.9
Open Account
16
FXPro
FCA,CySec
$100
0.7
Open Account
17
HYCM
FCA,CySec
$100
1.9
Open Account
18
IronFX
FCA,CySec
$100
2.2
Open Account
19
ATFX
FCA,CySec,ASIC
$100
0.8
Open Account
20
Alpari
FCA,CySec,IFSC
$100
0.3
Open Account
21
IQ Options
CySec
$100
1.2
Open Account
22
Libertex
CySec
$100
0.6
Open Account
23
AAA Trade
CySec
$100
0.5
Open Account
24
AETOS
CySec
$100
1
Open Account
25
Q8 trade
CMA
$100
1
Open Account

 

What is FCA Regulation

 

The Financial Conduct Authority (FCA) is the sole regulator for the financial services sector in the United Kingdom. Currently FCA has jurisdiction over more than 60,000 financial services firms located in the country. Its primary goal is to maintain stability and an ethical framework for UK’s financial industry and its stakeholders. To achieve that, the FCA works towards protecting the right and interests of consumers and to encourages healthy competition that ultimately boosts integrity of the financial system.

The FCA  always acted in the best interest of the general public and this is why it has become one of the most preferred regulatory bodies around the world, even in regions like Asia and Africa. It is also considered to be one of the most strict regulators with excessive oversight on all the companies under its wing. Forex traders perceive FCA regulated forex brokers as trustworthy and with the best services in the world, as they are operating under the transparent guidelines issued by the FCA.

In general, investors and traders are allowed to contact the FCA directly and report a misconduct or express a complaint about a specific company or broker.To check whether a forex broker is truly regulated by the FCA, you can always check with the FCA database to verify the broker’s FCA license number. The database also contains detailed history about the broker which can help a trader make more informed decisions when opening an account.

 

How an FCA regulation protects the trader

 

The FCA provides a legal framework with safeguards set in place to protects investors and traders involved with any type of financial service or investment.

  1. The Financial Conduct Authority has the power to create product intervention rules, if considered necessary.
  2. It monitors the industry closely to prevent any unfair competition practises.
  3. All FCA regulated forex brokers are required to maintain a minimum of one million pounds in operating capital in order to operate in the UK.
  4. Forex Brokers must maintain segregated accounts. This means that they cannot use client money to fund their operations.
  5. All members need to be part of the UK’s compensation fund. This provides a protection of up to fifty thousand pounds for investors, in the unfortunate event that a broker or relevant company becomes insolvent.