Neteller Forex Brokers Regulated in the UK (FCA)
Neteller is one of the biggest independent e-wallet and transfer solutions for individuals, traders, and businesses alike. You can set up accounts in any major currencies as well as transfer money into your account from a bank, credit or debit card, or about 50 other methods. It is a popular payment method among the best online brokers these days.
However, finding the best broker to work with should also consider its regulation. By far, forex brokers regulated by the FCA (Financial Conduct Authority) are mostly chosen by forex traders. FCA has a responsibility to oversee forex and CFD transactions in the United Kingdom. Therefore, we provide you a list of FCA regulated forex brokers that accept Neteller as a payment method.
Additional FAQ
What is FCA main reponsibility?
The FCA's main responsibility is to regulate the conduct of financial services in the UK. In a broader scope, the FCA's responsibilities include:
- Regulating standards of conduct in retail and wholesale markets.
- Supervising trading infrastructures that support those markets.
- Supervising prudential regulation on firms that are not regulated by the PRA.
- Regulating securities markets
Continue Reading at What are the Top UK Financial Regulators?
The FCA has the objective of ensuring that financial markets work well in accordance with the regulation. By doing so, the FCA strives for:
- Protecting customers.
- Enhancing the integrity of the UK financial system.
- Promoting fair competition in the interests of customers.
Continue Reading at What are the Top UK Financial Regulators?
How much does it cost to get broker license in UK?
The Financial Conduct Authority (FCA) is in charge of regulating the UK's financial market. A registered capital requirement of GBP100,000 and a licensing cost of GBP22,000 are required for registration, which can take up to two years to complete.
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How does FCA pay regulatory visit?
To encourage compliance with the rules, the FCA will also pay regulatory visits, which can be divided into these types:
- Virtual visit: a conference call that can last up to 2 hours with a 6-week notice prior to the call.
- Surgery: an invitation from the FCA for a Treating Customers Fairly (TFC) meeting in a suitable venue.
- Actual Visit: a visit by the FCA team, either announced or announced.
Continue Reading at What are the Top UK Financial Regulators?