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

 

Broker
Description
Trade Now
IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review
XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


 

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.