FCA Regulated Brokers


FCA (Financial Conduct Authority) formerly named FSA. This authority was launched in 2013 as a part of the Bank of England. FCA has a responsibility to overseen forex and CFD transactions in the United Kingdom. During this time, there's a common notion of forex brokers gaining profit from the losses of traders. FCA abolished this assumption and created a better forex trading atmosphere.

The United Kingdom learned from the mistakes of 2008 when a financial crisis hit the low protected-markets. FCA-regulated forex brokers are qualified companies, being able to meet the company's minimum capital requirements of 125,000 pounds (for STP brokers) and 730,000 pounds market-makers brokers. Besides, FCA strict supervision requires the broker to report the company's performance on a daily, monthly, and quarterly basis.

As one of the best financial markets in the world, the United Kingdom through FCA ensures that forex trading activities in the country remain competitive, without neglecting customer protection. FCA-regulated brokers also automatically get regulation and supervision from ESMA.

Some clients may worry about the development of Brexit which will make the UK separate from the EU. The FCA stresses that its brokers located in the UK and outside the region will continue to comply with European Union regulations so that clients do not have to worry about their protection rights.


Here is a list of FCA-regulated forex brokers:

Broker Regulation Max Leverage Min Deposit General Rating
FXTM
Belize
2011
CySEC 185/12
FCA (UK) 777911
FSC (Mauritius) C113012295
FSCA (South Africa) 46614
1:2000 $10 Review
FXCM
Australia
1999
ASIC 309763
CONSOB (Italy) 76
DMCC (Dubai) 31171
FCA (UK) 217689
ISA (Israel) 2
SFC (Hong Kong) AIM232
1:400 $1 Review
ATFX
Cyprus
2015
Banque de France 75626
CNMV (Spain) 4185
CNVM (Romania) 110536
CySEC 285/15
FCA (UK) 760555
Finansinspektionen (Sweden) FT00096123
FSA (Sweden) NOR-149113
1:30 $200 Review
Tickmill
Seychelles
2014
BaFin 146511
CySEC 278/15
FCA (UK) 717270
FSA (Seychelles) SD008
FSCA (South Africa) 49464
1:500 $100 Review
eToro
China
2007
ASIC 491139
CySEC 109/10
FCA (UK) FRN 583263
FINRA 298361/SEC#: 8-70212
1:400 $200 Review
Plus500
Australia
2008
ASIC 417727
CySEC 250/14
FCA (UK) 509909
FSCA (South Africa) 47546
ISA (Israel) 5
Monetary Authority of Singapore 2017-12-11
1:300 $100 Review
AxiTrader
Australia
2007
ASIC 318232
DFSA (Dubai) 2758
FCA (UK) 509746
FSCL (New Zealand) FSP518226
1:400 $1 Review
ETX Capital
United Kingdom
1965
FCA (UK) 124721 1:400 $100 Review
City Index
United Arab Emirates
2001
ASIC ACN 141 774 727 AFSL 345646
FCA (UK) 113942
Monetary Authority of Singapore 200400922K
1:30 $250 Review
OctaFX
Saint Vincent and the Grenadines
2011
CySEC 372/18
FCA (UK) 679306
IFSA (St. Vincent and Grenadines) 19776 IBC 2011
1:500 $100 Review
Windsor Brokers
China
1998
AFM (Netherlands) 72346
BaFin 120311
FCA (UK) 463727
1:500 $100 Review
Core Spreads
United Kingdom
2014
FCA (UK) 525164 1:240 $1 Review
Forex.com
Australia
1999
CFTC/NFA 0339826
FCA (UK) 190864
FSA (Japan) 1539
IIROC May 10 2012
1:200 $250 Review
FxPro
Bahamas
2006
CySEC 078/07
DFSA (Dubai) F003333
FCA (UK) 509956
FSCA (South Africa) 45052
1:50 $100 Review
FxGrow
Cyprus
2008
BaFin WA37-K 5000-138982-2014/0001
Banque de France 74965
CNMV (Spain) 3755
CySEC 214/13
FCA (UK) 628755
Finansinspektionen (Sweden) 14-10518
HCMC (Greece) 2703
1:100 $100 Review
OANDA
Canada
1995
CFTC/NFA 0325821
FCA (UK) 54257
FSA (Japan) 1571
Kanto Local Finance Bureau (Japan) 2137
1:50 $1 Review
Orbex
Cyprus
2009
Banque de France 73762
CNMV (Spain) 2894
CONSOB (Italy) 3148
CySEC 124/10
FCA (UK) 553071
1:500 $200 Review
Hantec Markets
Australia
2009
FCA (UK) 502635
FSC (Mauritius) C114013940
Jordan Securities Commission 51905
1:30 $1000 Review
Admiral Markets
Argentina
2001
ASIC 28381
CySEC 201/13
FCA (UK) 595450
FSA (Estonia) 10932555
1:500 $100 Review
Exness
Cyprus
2008
CySEC 178/12
FCA (UK) 730729
FSA (Seychelles) SD025
1:2000 $1 Review
ActivTrades
Bahamas
2001
DFSA (Dubai) F003511
FCA (UK) 434413
1:400 $100 Review
HotForex
Cyprus
2010
CySEC 183/12
DFSA (Dubai) F004885
FCA (UK) 801701
FSA (Seychelles) 8419176-1
FSA (St. Vincent & the Grenadines) 22747
FSC (Mauritius) 094286
FSCA (South Africa) 46632
1:1000 $5 Review
Saxo Bank
China
1992
ASIC 109605610
Banque de France 483632501
CySEC 163/12
FCA (UK) FC026688
FSA (Denmark) 1149
SFC (Hong Kong) 1395901
1:200 $10000 Review
Finotec
United Kingdom
1998
FCA (UK) 470392 1:200 $200 Review
DeltaStock
Bulgaria
1998
BaFin 122477
CNVM (Romania) PJM01SFIM/400004
Czech National Bank 215130
FCA (UK) 481581
FSA (Denmark) 6455
FSC (Bulgaria) RG-03-0146
1:200 $100 Review
LCG
United Kingdom
1996
CySEC 341/17
FCA (UK) 182110
1:200 $10000 Review
GKFX
Chile
2009
ASIC 421210
BaFin 130602
CONSOB (Italy) 2915
Czech National Bank 256/2004
DMCC (Dubai) 32142
FCA (UK) 501320
Finansinspektionen (Sweden) 556873-1326
SFC (Hong Kong) AZJ874
1:30 $100 Review
Alvexo
Cyprus
2014
AFM (Netherlands) 02-04-2015
BaFin 142529
CNMV (Spain) 3917
CONSOB (Italy) 4789
CySEC 236/14
FCA (UK) 683301
1:400 $500 Review
ThinkMarkets
Australia
2010
ASIC 424700
FCA (UK) 629628
FSCA (South Africa) 06.03.2019
1:500 $250 Review
XM
Australia
2009
ASIC 443670
BaFin 124161
CNMV (Spain) 2010157773
CONSOB (Italy) 3046
CySEC 120/10
FCA (UK) 538324
FSP (New Zealand) FSP235905
1:888 $5 Review
Bulbrokers
Bulgaria
1998
Bulgarian National Bank GR00173
CNVM (Romania) 51389
FCA (UK) 544872
FSC (Bulgaria) РГ-03-0009/14.07.2008
1:200 $100 Review
ATC Brokers
Cayman Islands
2005
Cayman Islands Monetary Authority 1448274
FCA (UK) 591361
1:200 $5000 Review
Spread Co
United Kingdom
2006
FCA (UK) 446677 1:10 $160 Review
FXGM
Cyprus
2011
BaFin 130520
Banque de France 74353
CNMV (Spain) 3321
CONSOB (Italy) 3567
CySEC 161/11
FCA (UK) 593528
FSCA (South Africa) 47709
1:30 $200 Review
Interactive Brokers
Australia
1977
ASIC 453554
CFTC/NFA 0258600
FCA (UK) 208159
Monetary Authority of Singapore CMS100917
SEC (US) 8-47257
1:100 $10000 Review
CMC Markets
Australia
1989
FCA (UK) 173730 1:500 $1 Review
FXOpen
Australia
2003
ASIC 412871
FCA (UK) 579202
1:500 $1 Review
Abshire-Smith
United Kingdom
2011
FCA (UK) 551970 1:200 $500 Review
Capital Index
Australia
2014
FCA (UK) 709693 1:200 $100 Review
HYCM
Hong Kong
1977
Cayman Islands Monetary Authority 1442313
CySEC 259/14
DFSA (Dubai) 000048
FCA (UK) 186171
FSA (St. Vincent & the Grenadines) 25228
1:325 $100 Review
Swissquote
Hong Kong
1996
DFSA (Dubai) 4
FCA (UK) 562170
FINMA 4
SFC (Hong Kong) 3
1:100 $1000 Review
Credit Financier Invest
Cyprus
1998
BaFin 1338881
Banque du Liban 40
CySEC 179/12
DFSA (Dubai) F003933
FCA (UK) 602588
Jordan Securities Commission 200164731
1:30 $1 Review
Darwinex
United Kingdom
2012
FCA (UK) 586466 1:200 $500 Review
USGFX
Australia
2006
FCA (UK) 798776 1:500 $100 Review
EverFX
Cyprus
2015
CNMV (Spain) 4256
CySEC 301/16
FCA (UK) 763771
1:500 $250 Review
Vantage FX
Australia
2006
ASIC #ACN 140 903 886
FCA (UK) 501057
1:500 $200 Review
XTB
Austria
2002
CNMV (Spain) 40
Czech National Bank 56720
FCA (UK) 522157
FSA (Poland) 0000217580
IFSC (Belize) IFSC/60/413/TS/19
1:30 $1 Review
IG
Australia
1974
CFTC/NFA 0509630
FCA (UK) 195355
1:50 $1 Review
One Financial Markets
United Arab Emirates
2007
FCA (UK) 466201
SFC (Hong Kong) BFZ621
The Financial Commission 14.05.2020
1:30 $250 Review
Velocity Trade
New Zealand
1999
ASIC 329813
FCA (UK) 497263
Financial Dispute Resolution (NZ) FM0279
FMA (New Zealand) FSP20003
FSCA (South Africa) 43295
1:200 $1000 Review
CPT Markets
Belize
2008
FCA (UK) 606110
IFSC (Belize) IFSC/60/430/18(33)h
1:500 $500 Review
MARKETSX
Cyprus
2006
AFM (Netherlands) 0900-5400 540
ASIC 424008
BaFin 122798
CySEC 092/08
FCA (UK) 607305
FSA (Denmark) 6729
FSCA (South Africa) 46860
1:300 $100 Review
DF Markets
United Kingdom
2010
FCA (UK) 534027 1:200 $10 Review
ICM Capital
China
2009
FCA (UK) 520965
Jordan Securities Commission 02.04.2020
1:30 $200 Review
Blackwell Global
Australia
2010
ASIC 400364
FCA (UK) 590313
FSP (New Zealand) 3061
SFC (Hong Kong) BGX296
1:30 $5000 Review
Price Markets
United Kingdom
2003
FCA (UK) 3218125 1:50 $5000 Review
XGLOBAL Markets
Cyprus
2012
BaFin 132843
CNMV (Spain) 2013092102
CySEC 171/12
FCA (UK) 602404
1:30 $500 Review
Hirose Financial UK
Malaysia
2010
FCA (UK) 540244 1:30 $1 Review
PhillipCapital
Australia
1975
ASIC AFSL 246827
FCA (UK) 169760
1:200 $200 Review
Valutrades
Seychelles
2013
FCA (UK) 586541
FSA (Seychelles) SD028
1:400 $100 Review
ADS Prime
United Kingdom
2010
FCA (UK) 577453
SFC (Hong Kong) AXC847
1:500 $200 Review
OneTrade
United Kingdom
2011
BaFin 126361
CNMV (Spain) 3058
FCA (UK) 537787
1:100 $500 Review
VARIANSE
United Kingdom
2015
FCA (UK) 802012 1:100 $500 Review
FCI Markets
United Kingdom
2016
FCA (UK) 616985 1:100 $250 Review
AAATrade
Cyprus
2013
BaFin 45052
CySEC 244/14
FCA (UK) 659844
1:200 $500 Review
FX Giants
Cyprus
2015
FCA (UK) FCA No. 585561 1:30 $100 Review
Land-FX
China
2013
FCA (UK) 709866
FSP (New Zealand) FSP264385
1:500 $300 Review
Fortrade
United Kingdom
2013
ASIC 493520
CySEC 385/20.
FCA (UK) 609970
IIROC 20-0021
NBRB (Belarus) 193075810
1:100 $500 Review
Financial Spreads
United Kingdom
2007
FCA (UK) 525164 1:200 $1 Review
Global Market Index
China
2009
FCA (UK) 677530
Ministry of Finance and Economic Management (Vanuatu) 14646
1:200 $2000 Review
CrescoFX
United Kingdom
2012
FCA (UK) 764353 1:500 $10000 Review
Equiti Global Markets
Armenia
2007
DMCC (Dubai) 31573
Dubai Gold and Commodities Exchange 31573
FCA (UK) 528328
SCA (UAE) 607136
1:500 $500 Review
Boston Merchant Financial
Australia
1988
ASIC 379035
FCA (UK) 563348
FFMS 1220
FSC (Bulgaria) RG-03-220
FSP (New Zealand) FSP328066
1:400 $50 Review
IronFX
Australia
2010
ASIC 417482
CySEC 125/10
FCA (UK) 585561
FSCA (South Africa) 45276
1:30 $100 Review
MultiBank
Australia
2005
ASIC 416279
BaFin 73406
FCA (UK) 481068
FSC (BVI) SIBA/L/14/1068
Ras Al Khaimah Free Trade Zone IC/2993/10
1:500 $50 Review
INFINOX
United Kingdom
2009
FCA (UK) 501057 1:30 $100 Review
One Global Market
United Kingdom
2016
FCA (UK) 769481 1:30 $10000 Review
TIOmarkets
Cyprus
2019
FCA (UK) 488900
FSA (St. Vincent & the Grenadines) 24986
1:200 $1 Review
LegacyFx
Cyprus
2017
BaFin 348194
CySEC 344/17
FCA (UK) 797343
NBRB (Belarus) 193180778
Vanuatu Financial Services Commission 14579
1:200 $500 Review
AMP Global
Cyprus
2018
BaFin 154811
CFTC/NFA 0412490
CNMV (Spain) 4624
CONSOB (Italy) 4869
CySEC 360/180
FCA (UK) 819311
1:50 $100 Review
FxView
Cyprus
2018
BaFin 157125
CNMV (Spain) 4892
CONSOB (Italy) 5151
CySEC 367/18
FCA (UK) 850138
1:400 $1 Review
Axi
Australia
2007
ASIC 318232
DFSA (Dubai) 2758
FCA (UK) 509746
FSCL (New Zealand) FSP518226
1:400 $1 Review
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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.




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