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List of Brokers with FCA Regulation

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The FCA is one of the most prestigious regulatory bodies that exists independently from the United Kingdom Government. FCA helps regulate more than 56,000 financial services companies. Their responsibilities include overseeing financial markets in the UK, promoting fair competition in financial services for the benefit of consumers, as well as investigating to ensure regulatory compliance and treat customers fairly.

Established
2013
Country
United Kingdom
Amount of Data
96
Broker Regulation
Exness

Kenya 2008

OANDA

United States 1996

XM

Australia 2009

FXTM

Kenya 2011

FXOpen

Australia 2003

FBS

Australia 2009

Admirals

Australia 2001

Interactive Brokers

Australia 1977

Tickmill

Germany 2014

ThinkMarkets

Australia 2010

FXCM

Australia 1999

Saxo Bank

Australia 1992

XTB

Spain 2002

Pepperstone

Australia 2010

Swissquote

Cyprus 1996

HYCM

Cayman Islands 1977

ActivTrades

United Arab Emirates 2001

FxPro

Cyprus 2006

Windsor Brokers

Netherlands 1998

Axi

Australia 2007

Forex.com

United States 1999

Hantec Markets

United Kingdom 2009

IG

United States 1974

eToro

Australia 2007

Orbex

France 2009

Plus500

Australia 2008

HF Markets

Kenya 2010

IronFX

Australia 2010

OvalX

Cyprus 1965

Vantage Markets

Australia 2009

ADSS

United Arab Emirates 2010

CPT Markets

United Kingdom 2008

GKFX

Australia 2009

Equiti
Cyprus 2007

City Index
Australia 2001

Core Spreads
United Kingdom 2014

FxGrow
Germany 2008

Finotec
United Kingdom 1998

DeltaStock
Germany 1998

LCG
United Kingdom 1996

Alvexo
Netherlands 2014

Bulbrokers
Bulgaria 1998

ATC Brokers
Cayman Islands 2005

Advanced Markets
Australia 2006

Spread Co
United Kingdom 2006

FXGM
Germany 2011

CMC Markets
Germany 1989

Abshire-Smith
United Kingdom 2011

Capital Index
United Kingdom 2014

Credit Financier Invest
Cyprus 2015

Darwinex
Spain 2012

Key to Markets
United Kingdom 2010

One Financial Markets
United Kingdom 2007

Velocity Trade
Netherlands 1999

DF Markets
United Kingdom 2010

ICM Capital
United Kingdom 2009

Blackwell Global
Cyprus 2010

Price Markets
United Kingdom 2003

XGLOBAL Markets
Germany 2012

Hirose Financial UK
United Kingdom 2010

PhillipCapital
Australia 1975

Valutrades
United Kingdom 2013

OneTrade
Germany 2011

VARIANSE
United Kingdom 2015

FCI Markets
United Kingdom 2016

AAATrade
Germany 2013

FX Giants
United Kingdom 2015

Land-FX
United Kingdom 2013

Fortrade
Australia 2013

Global Market Index
United Kingdom 2009

CrescoFX
United Kingdom 2012

Equiti Global Markets
United Arab Emirates 2007

INFINOX
United Kingdom 2009

One Global Market
United Kingdom 2016

TIOmarkets
United Kingdom 2019

LegacyFx
Germany 2017

AMP Global
Germany 2018

Skilling
Cyprus 2016

BlackBull Markets
United Kingdom 2014

USGFX
United Kingdom 2006

Financial Spreads
United Kingdom 2007

ATFX
France 2015

ROinvesting
Germany 2015

Forex24
Germany

Trading 212
Cyprus 2006

ForexVox
United Kingdom 2019

LMAX Global
Cyprus 2008

AETOS
Australia 2007

Eurotrader
Cyprus 2015

Capital.com
Australia 2017

Trading.com
United Kingdom 2018

Markets.com
Netherlands 2006

YCM-Invest
United Kingdom 1998



Advantages and Disadvantages of Trading at FCA Regulated Brokers

Among many forex broker regulators in the world, regulators who are able and proven to protect traders' funds when a broker bankruptcy occurs is very rare. Competent customer protection is a testament to the quality of the FCA. There is an FSCS (Financial Services Compensation Scheme) that can provide funds of up to 85,000 pounds of the deposit amount per customer per broker.

Other advantages of trading with FCA-regulated brokers are: Having clear regulations, reputation, and infrastructure. As explained above, the UK is one of the countries with the most advanced financial activities in the world. The FCA is overseen directly by the Bank of England and works with the UK Financial Ombudsman to resolve disputes. Not only that, but the use of modern technology also supports the performance of this British regulator.

Although the FCA regulatory requirements are quite strict, there are still many forex brokers who can comply. In 2020, more than 90 forex brokers were carrying FCA regulations. With various forex brokers listed, traders can choose the trading conditions that best suit their needs.

Apart from the benefits above, FCA-regulated brokers also have disadvantages. One of the most visible is the use of leverage. With a maximum leverage of 30: 1, FCA-regulated brokers look less tempting than offshore brokers that provide leverage of up to hundreds. Also, it should be noted that spot forex contracts are not included in activities that are protected by FCA regulations.



FAQ

What does FCA regulated mean?

Being regulated by FCA (Financial Conduct Authority) means operating under the standards of the United Kingdom's financial regulator. FCA-regulated brokers are known to have clear regulations, reputation, and infrastructure. This does not come as a surprise as the UK is one of the countries with the most advanced financial activities in the world. The FCA is overseen directly by the Bank of England and works with the UK Financial Ombudsman to resolve disputes.


What are the FCA rules?

The protection of customer funds is FCA's main focus, leading them to enforce certain protocols that prevent its brokers from committing any financial frauds. All FCA regulated Forex brokers should adhere to the following rules:

  • Keeping the client funds in segregated accounts away from their company accounts, and should not use traders' money for any other purposes.
  • Maintaining at least £1 million in operating capital, which increases according to the number of traders and the trading capital.
  • Ensuring that all withdrawals are processed instantaneously and that the company can meet all financial obligations without fail.
  • Submitting yearly audit reports and periodic financial statements to verify that all the facts provided to the FCA are accurately represented.
  • Protecting the clients under the FSCS (Financial Services Compensation Scheme) that is aimed to offer protection for traders against broker-related issues by providing a guarantee of up to £50,000 in compensation.

What is the main purpose of FCA?

The FCA oversees the process of regulating financial companies in conjunction with the Bank of England and the Prudential Regulatory Authority. The split of financial industry regulation into different entities helps to streamline the entire process of regulation and ensuring integrity and transparency of the UK's financial markets.


What are the powers of FCA?

Although FCA does not personally get involved in any conflict between a broker and its clients, the regulatory agency will investigate any instances of fraud or consumer abuse. The FCA will revoke a company's licenses and issue hefty fines to if it is found guilty, to the extent of permanently ban the broker from operating in the UK.

To help them conducting their tasks, the FCA has an excellent online database that provides a vast amount of information on regulated brokers, new scams, financial malpractices, and other relevant data. It has been made clear that the agency has been granted immense powers by the UK Government to keep financial businesses in line with the rules and framework.

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.