Best UK forex brokers – list of brokers regulated by FCA

Broker Country Rating Min. Deposit Website
UK, Cyprus, Hong Kong 5/5$100Click for a special offerWebsite
UK, Cyprus, Belize5/5$5Click for a special offerWebsite
UK4.95/5$50Click for a special offerWebsite
UK4.95/5$100Click for a special offerWebsite
UK, Australia4.85/5$50Click for a special offerWebsite
UK, Cyprus, Australia4.80/5$5Click for a special offerWebsite
US, UK, CA, SG, AU, JP4/5$1Read the review
UK3/5$100Read the review
Australia3/5$1Read the review
UK1/5n/aRead the review

Forex brokerages in the UK fall under the oversight of the Financial Conduct Authority (FCA). Overall, the UK financial watchdog is considered to be one of the strictest regulators in the world. It requires compliance with a number of strict rules that lower the risk of foul play on part of businesses and secure clients’ interests and funds.

So, UK forex brokers have to adhere to the highest regulatory standards, and if they fail to do so, the FCA imposes pretty salty fines.

Advantages of doing business with a FCA-regulated broker

– Minimum Capital Requirements – UK-based brokerages have to hold a minimum of €730 000 in net tangible assets in order to prove their good financial standing.

– Segregated Accounts – When a client deposits money with an FCA regulated broker, the funds are not directly transferred to the company. They are kept with a Bank, approved by the FCA, and the broker has limited access to them.

– Compensation Scheme – Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the umbrella of the Financial Services Compensation Scheme (FSCS). All FCA regulated brokers participate in the FSCS, and in case any of them goes bankrupt, clients can receive up to GBP 50,000 of their trading capital.

– MiFID (still) applies – Under the Markets in Financial Instruments Directive every broker licensed in a EEA country is entitled to provide financial services throughout the EU and EEA. The Directive also includes some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Although UK is currently in the process of exiting the EU, it seems that the British authorities are determined to remain highly integrated for the benefit of consumers.

Brexit Issues

UK will no longer be part of the EU and this creates a lot of uncertainty, the financial sector included. The FCA works closely with other European regulatory bodies to solve the issues arising from Brexit and, more specifically, passporting rights between the EU and UK.

A senior executive at FCA recently said that the agency is working on a Temporary Permissions Regime (TPR), which will allow EU financial firms to continue to operate in the UK, without having to apply for authorisation with the FCA. However, at this stage no reciprocal “TPR” arrangements are drawn up regarding UK companies looking to continue doing business with clients from EEA countries.

Below, you can find some of the best forex brokers, regulated by UK’s FCA.

 

UK Forex news

UK’s FCA published contingency Brexit plans

In two papers, published earlier this week, the UK’s Financial Conduct Authority (FCA) has outlined contingency plans in case Britain leaves the

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UK’s FCA warns against a clone company Index Limited t/a 4XPremium

The Financial Conduct Authority in the UK has issued a warning against Index Limited t/a 4XPremium (https://4xpremium.com) – a clone website that

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FCA warns against Stocktradeinvest Limited

The British financial regulator has issued a warning against Stock Trade Invest, a forex and CFD broker, operating without a license in

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UK’s FCA warns about 365 Binary Option / Oproserv Ltd

The authorities in the United Kingdom have issued a statement regarding the brand 365 Binary options, warning about possible illegal activities on

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UK’s FCA warns about Options Tech Limited and a clone firm

The Financial Conduct Authority (FCA) in the UK warns against Options Tech Limited, which is providing financial services in the UK without

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FCA warns about Glenmore Investments

The British financial watchdog, the Financial Conduct Authority (FCA), has issued a warning against the Estonia based GoldTech Media Services OU –

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FCA warns about Turbo Certificates after ESMA introduction of new leverage cap on CFDs

The financial regulatory authority in the UK warned about the emergence of new complex structured instruments – Turbo certificates, which UK brokers

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FXTM opens office in London to better serve UK clients

The Cyprus-regulated forex broker ForexTime Limited (FXTM), has officially opened its office in London. The expansion of the operations is expected to improve

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Financial Spreads spread betting and CFD broker reopens for business

The UK-based spread betting and CFDs broker Financial Spreads announced it reopens for business after more than six months’ voluntary suspension of

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UK’s FCA warns forex broker MarketCT is clone of regulated co

UK’s financial regulatory authority, the Financial Conduct Authority (FCA), issued on Monday a notice in which it warns against forex broker Capital

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