Skrill Forex Brokers Regulated in the UK
Skrill is a simple online payment system allowing traders to pay/send and receive payments through the internet in a secure and quick process. It is also commonly called an e-wallet. Based in the United Kingdom and founded in 2001 as Moneybookers, Skrill has been authorized by FCA.
Nowadays, many forex brokers are accepting Skrill for their payment method. Since forex brokers regulated by the FCA (Financial Conduct Authority) are mostly chosen by forex traders, the list below provides forex brokers that accept Skrill with FCA regulation.
Scroll for more details
What brokers provide deposits and withdrawals via Skrill?
- IC Markets: If you fund your capital using Skrill on IC Markets, it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
- FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
- FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
- HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
- OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
- Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.
Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose
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?
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.
Continue Reading at Top Countries to Apply for Brokerage Licenses
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?
