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 Max Leverage Min Deposit
ActivTrades
Bahamas 2001

  • DFSA (Dubai) F003511
  • FCA (UK)
  • Securities Commission of The Bahamas
1:400 $100 Review
XTB
Austria 2002

  • CNMV (Spain)
  • Czech National Bank 56720
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (Poland)
  • FSCA (South Africa)
  • IFSC (Belize)
  • ESMA
1:30 $1 Review
Axi
Australia 2007

1:500 $1 Review
Interactive Brokers
Australia 1977

  • ASIC
  • Central Bank of Ireland 23.12.2020
  • CFTC/NFA
  • FCA (UK)
  • Hungarian National Bank
  • Monetary Authority of Singapore
  • SEC (US)
1:100 $10000 Review
Windsor Brokers
China 1998

  • AFM (Netherlands) 72346
  • BaFin
  • Capital Markets Authority of Kenya
  • CySEC
  • FCA (UK)
  • ESMA
1:500 $100 Review
Vantage
Australia 2006

  • ASIC
  • Cayman Islands Monetary Authority
  • FCA (UK)
  • Vanuatu Financial Services Commission
1:500 $200 Review
HYCM
Hong Kong 1977

  • Cayman Islands Monetary Authority
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (St. Vincent & the Grenadines)
1:325 $100 Review
Pepperstone
Australia 2010

  • ASIC
  • BaFin 151148
  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai)
  • FCA 684312
  • SCB SIA-F217
1:30 $200 Review
IG
Australia 1974

  • CFTC/NFA
  • FCA (UK)
1:50 $1 Review
Hantec Markets
Australia 2009

1:30 $1000 Review
Admirals
Argentina 2001

  • ASIC
  • CySEC
  • FCA (UK)
  • FSA (Estonia)
  • FSA (Seychelles)
  • FSCA (South Africa)
  • IIROC
  • Jordan Securities Commission
1:500 $100 Review
Exness
Cyprus 2008

  • Capital Markets Authority of Kenya
  • CySEC
  • FCA (UK)
  • FSA (Seychelles)
  • FSC (BVI)
  • FSC (Mauritius)
  • FSCA (South Africa)
  • The Financial Commission 22.07.2021
1:2000 $1 Review
ThinkMarkets
Australia 2010

  • ASIC
  • FCA (UK)
  • FSA (Japan)
  • FSCA (South Africa)
1:500 $1 Review
Forex.com
Australia 1999

  • CFTC/NFA 0339826
  • FCA (UK)
  • FSA (Japan)
  • IIROC
1:200 $250 Review
Plus500
Australia 2008

  • ASIC
  • CySEC
  • FCA (UK)
  • FSA (Estonia) 16128206
  • FSCA (South Africa)
  • ISA (Israel)
  • Monetary Authority of Singapore
1:300 $100 Review
Tickmill
Seychelles 2014

  • BaFin
  • CySEC 278/15
  • FCA (UK)
  • FSA (Seychelles)
  • FSCA (South Africa)
1:500 $100 Review
eToro
China 2007

1:400 $200 Review
Saxo Bank
China 1992

  • ASIC
  • Banque de France
  • CySEC
  • FCA (UK)
  • FSA (Denmark)
  • SFC (Hong Kong) 1395901
  • ESMA
1:200 $2000 Review
FXOpen
Australia 2003

  • ASIC
  • FCA (UK)
  • The Financial Commission
1:500 $1 Review
HF Markets
Cyprus 2010

  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (Seychelles)
  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
  • FSCA (South Africa)
1:1000 $5 Review
OANDA
British Virgin Islands 1996

  • CFTC/NFA
  • FCA (UK)
  • FSA (Japan)
  • FSC (BVI) SIBA/L/20/1130
  • Kanto Local Finance Bureau (Japan)
  • MFSA
  • Monetary Authority of Singapore
  • ASIC
1:20 $1 Review
OvalX
Cyprus 1965

1:400 $100 Review
FXTM
Belize 2011

1:2000 $10 Review
FxPro
Bahamas 2006

  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSCA (South Africa)
1:50 $100 Review
Orbex
Cyprus 2009

  • Banque de France
  • CNMV (Spain) 2894
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • ESMA
1:500 $200 Review
OctaFX
Saint Vincent and the Grenadines 2011

1:500 $100 Review
CPT Markets
Belize 2008

  • FCA (UK)
  • IFSC (Belize)
1:500 $500 Review
IronFX
Australia 2010

  • ASIC
  • CySEC
  • FCA (UK)
  • FSCA (South Africa)
1:30 $100 Review
Swissquote
Hong Kong 1996

  • DFSA (Dubai)
  • FCA (UK)
  • FINMA 4
  • SFC (Hong Kong)
1:100 $1000 Review
XM
Australia 2009

  • ASIC
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSP (New Zealand) FSP235905
  • IFSC (Belize)
  • ESMA
1:888 $5 Review
FXCM
Australia 1999

  • ASIC 309763
  • CONSOB (Italy)
  • CySEC
  • DMCC (Dubai)
  • FCA (UK)
  • ISA (Israel)
  • SFC (Hong Kong)
  • ESMA
1:400 $1 Review
FBS
China 2009

  • ASIC
  • CySEC
  • FSCA (South Africa)
  • IFSC (Belize) IFSC/000102/310
  • FCA temporary permit 808276
1:3000 $1 Review
GKFX
Chile 2009

  • ASIC
  • BaFin
  • CONSOB (Italy) 2915
  • Czech National Bank
  • DMCC (Dubai)
  • FCA (UK)
  • Finansinspektionen (Sweden)
  • FINRA
  • SFC (Hong Kong)
  • ESMA
1:30 $200 Review
Key to Markets
United Kingdom 2010
  • FCA (UK)
  • FSC (Mauritius)
  • FSP (New Zealand)
1:500 $100 Review
Darwinex
United Kingdom 2012
  • CNMV (Spain)
  • FCA (UK)
  • ESMA
1:200 $10000 Review
Credit Financier Invest
Cyprus 1998
  • BaFin
  • Banque du Liban 40
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • Jordan Securities Commission
1:30 $1 Review
Capital Index
Australia 2014
  • FCA (UK)
  • Securities Commission of The Bahamas
1:200 $100 Review
Abshire-Smith
United Kingdom 2011
  • FCA (UK)
1:200 $500 Review
CMC Markets
Australia 1989
  • BaFin
  • FCA (UK)
1:500 $1 Review
DeltaStock
Bulgaria 1998
  • BaFin
  • CNVM (Romania) PJM01SFIM/400004
  • Czech National Bank
  • FCA (UK)
  • FSA (Denmark)
  • FSC (Bulgaria)
  • ESMA
1:200 $100 Review
Spread Co
United Kingdom 2006
  • FCA (UK)
1:10 $160 Review
Advanced Markets
Bermuda 2006
  • ASIC
  • FCA (UK)
1:50 $1000 Review
ATC Brokers
Cayman Islands 2005
1:200 $5000 Review
Bulbrokers
Bulgaria 1998
1:200 $100 Review
Alvexo
Cyprus 2014
  • AFM (Netherlands)
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSA (Seychelles)
  • ESMA
1:400 $500 Review
LCG
United Kingdom 1996
1:200 $10000 Review
Finotec
United Kingdom 1998
  • FCA (UK)
1:200 $200 Review
FxGrow
Cyprus 2008
  • BaFin
  • Banque de France 74965
  • CNMV (Spain)
  • CySEC
  • FCA (UK)
  • Finansinspektionen (Sweden)
  • HCMC (Greece)
  • ESMA
1:100 $100 Review
Core Spreads
United Kingdom 2014
  • FCA (UK)
1:240 $1 Review
City Index
United Arab Emirates 2001
1:30 $250 Review
FXGM
Cyprus 2011
  • BaFin
  • Banque de France
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSCA (South Africa)
  • ESMA
1:30 $200 Review
One Financial Markets
United Arab Emirates 2007
  • FCA (UK)
  • SFC (Hong Kong)
  • The Financial Commission
1:30 $250 Review
DF Markets
United Kingdom 2010
  • FCA (UK)
1:200 $10 Review
MARKETSX
Cyprus 2006
  • AFM (Netherlands)
  • ASIC
  • BaFin
  • CySEC
  • FCA (UK)
  • FSA (Denmark)
  • FSCA (South Africa)
  • ESMA
1:300 $100 Review
LegacyFx
Cyprus 2017
  • BaFin
  • CySEC
  • FCA (UK)
  • NBRB (Belarus) 193180778
  • Vanuatu Financial Services Commission
1:200 $500 Review
AMP Global
Cyprus 2018
  • BaFin
  • CFTC/NFA
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • ESMA
1:50 $100 Review
Skilling
Cyprus 2016
  • CySEC
  • FCA (UK)
  • FSA (Seychelles)
1:500 $100 Review
BlackBull Markets
New Zealand 2014
1:500 $50 Review
USGFX
Australia 2006
  • FCA (UK)
  • FSCA (South Africa)
1:500 $100 Review
Financial Spreads
United Kingdom 2007
  • FCA (UK)
1:200 $1 Review
ATFX
Cyprus 2015
1:30 $200 Review
ROinvesting
Cyprus 2015
  • BaFin
  • CNMV (Spain)
  • CySEC
  • FCA (UK)
  • ESMA
1:400 $100 Review
Forex24
Cyprus
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • ESMA
1:400 $2000 Review
TIOmarkets
United Kingdom 2019
  • FCA (UK)
  • FSA (St. Vincent & the Grenadines)
1:200 $1 Review
Trading 212
United Kingdom 2006
  • CySEC
  • FCA (UK)
  • FSC (Bulgaria)
  • ESMA
1:30 $10 Review
LMAX Global
United Kingdom 2008
  • CySEC
  • FCA (UK)
1:30 $10000 Review
AETOS
Australia 2007
  • ASIC
  • FCA (UK)
  • Vanuatu Financial Services Commission
1:200 $250 Review
VT Markets
Austria 2016
  • ASIC
  • Cayman Islands Monetary Authority
  • FCA (UK)
1:500 $200 Review
Capital.com
Australia 2017
  • ASIC
  • CySEC
  • FCA (UK)
  • NBRB (Belarus)
1:30 $20 Review
Trading.com
United Kingdom 2018
  • FCA (UK)
1:30 $5 Review
Equiti
Armenia 2007
1:500 $500 Review
Markets.com
Cyprus 2006
  • AFM (Netherlands)
  • ASIC
  • BaFin
  • CySEC
  • FCA (UK)
  • FSA (Denmark)
  • FSCA (South Africa)
  • ESMA
1:300 $100 Review
ADSS
United Kingdom 2010
  • Department of Economic Development (Dubai)
  • FCA (UK)
  • SFC (Hong Kong)
1:500 $200 Review
ForexVox
United Kingdom 2019
  • FCA (UK)
  • FSA (Seychelles)
1:500 $1 Review
Velocity Trade
New Zealand 1999
1:200 $1000 Review
One Global Market
United Kingdom 2016
  • FCA (UK)
1:30 $10000 Review
Boston Merchant Financial
Australia 1988
  • ASIC
  • FCA (UK)
  • FFMS 1220
  • FSC (Bulgaria)
  • FSP (New Zealand)
  • ESMA
1:400 $50 Review
ICM Capital
China 2009
  • FCA (UK)
  • Jordan Securities Commission
1:30 $200 Review
Blackwell Global
Bahamas 2010
  • CySEC
  • FCA (UK)
  • Securities Commission of The Bahamas
1:200 $1 Review
Price Markets
United Kingdom 2003
  • FCA (UK)
1:50 $5000 Review
XGLOBAL Markets
Cyprus 2012
1:30 $100 Review
Hirose Financial UK
Malaysia 2010
  • FCA (UK)
1:30 $1 Review
PhillipCapital
Australia 1975
  • ASIC
  • FCA (UK)
1:200 $200 Review
Valutrades
Seychelles 2013
  • FCA (UK)
  • FSA (Seychelles)
1:400 $100 Review
ADS Prime
United Kingdom 2010
1:500 $200 Review
INFINOX
United Kingdom 2009
  • FCA (UK)
  • FSC (Mauritius)
1:30 $100 Review
OneTrade
United Kingdom 2011
  • BaFin
  • CNMV (Spain)
  • FCA (UK)
  • ESMA
1:100 $500 Review
FCI Markets
United Kingdom 2016
  • FCA (UK)
1:100 $500 Review
AAATrade
Cyprus 2013
  • BaFin
  • CySEC
  • FCA (UK)
1:200 $1 Review
FX Giants
Cyprus 2015
  • FCA (UK)
1:30 $100 Review
Land-FX
China 2013
  • FCA (UK)
  • FSP (New Zealand)
1:500 $300 Review
Fortrade
United Kingdom 2013
  • ASIC
  • CySEC
  • FCA (UK)
  • FSC (Mauritius)
  • IIROC 20-0021
  • NBRB (Belarus)
1:100 $500 Review
Global Market Index
China 2009
  • FCA (UK)
  • Vanuatu Financial Services Commission
1:200 $25 Review
CrescoFX
United Kingdom 2012
  • FCA (UK)
1:500 $10000 Review
Equiti Global Markets
Armenia 2007
  • DMCC (Dubai) 31573
  • Dubai Gold and Commodities Exchange
  • FCA (UK)
  • SCA (UAE)
1:500 $500 Review
VARIANSE
United Kingdom 2015
  • FCA (UK)
  • FSA (Labuan)
  • FSC (Mauritius)
1:30 $500 Review
HotForex
Cyprus 2010
  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (Seychelles)
  • FSA (St. Vincent & the Grenadines)
  • FSC (Mauritius)
  • FSCA (South Africa)
1:1000 $5 Review


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.



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