Best UK forex brokers – list of brokers regulated by FCA

Broker Country Rating Min. Deposit Website
UK, Cyprus, Belize4.95/5$5Click for a special offerWebsite
UK, Australia4.85/5$50Click for a special offerWebsite
US, UK, CA, SG, AU, JP4/5$1Read the review
UK4/5$1Read the review
UK4/5n/aRead the review
UK, Cyprus, Hong Kong 3/5$100Read the review
UK3/5$100Read the review
Australia3/5$1Read the review
UK3/5$100Read the review
UK1.5/5N/ARead the review
UK, Romania1.5/5$500Read the review
UK1.5/5$10Read the review
UK1.5/5$250Read the review
UK1.4/5$50 000Read the review
UK1.3/5$250Read the review
UK, Bermuda1.3/5$50Read the review
UK1.2/5$300Read the review
UK1.2/5$10Read the review
UK1/5n/aRead the review
UK1/5$5Read the review
UK, Estonia1/5-Read the review
UK1/5$500Read the review
Belize1/5$500Read the review
UK1/5$500Read the review
UK1/5$100Read the review
UK, SVG1/5$100Read the review
UK1/5$500Read the review
UK-$250Read 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 85,000 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 warns against unregulated brokerage Hopearea.com

Unregulated Forex brokerage Hope Area Broker Limited is the latest addition to the long warning list of the Financial Conduct Authority in

Posted in Forex, News | Tagged , , | 2 Comments

FCA warns against clone firm SeRex Investments

Financial services provider SeRex Investments has just been added to the warning list of the Financial Conduct Authority in the UK as

Posted in Forex, News | Tagged , | Leave a comment

FCA banns all binary options permanently

The Financial Conduct Authority (FCA) in the UK will make the temporary ban on binary options, which is in place for the

Posted in News, Regulation | Tagged , , | Leave a comment

UK’s FCA blacklists unregulated brokerage PT Banc

Unregulated Forex brokerage PT Banc is the latest addition to the long warning list of the Financial Conduct Authority in the UK.

Posted in Forex, News | Tagged , , | Leave a comment

UK’s FCA warns against unregulated crypto broker Kruger Exchange

Unregulated Forex brokerage Kruger Exchange is the latest addition to the long warning list of the Financial Conduct Authority in the UK.

Posted in Forex, News | Tagged , , | 1 Comment

GoldFX Trading blacklisted by UK’s FCA

Unregulated Forex brokerage GoldFXTrading is the latest addition to the long warning list of the Financial Conduct Authority in the UK. The

Posted in Forex, News | Tagged , , | Leave a comment

Action Fraud UK: Instagram users fell prey to scammers losing 3 million pounds

For the past 5 months alone Instagram users have lost 3 million pounds in a get-instantly-rich scam, reports Action Fraud, the British

Posted in Forex, News | Tagged , , , , | Leave a comment

K2 Wall Street blacklisted by UK’s FCA

Unregulated Forex brokerage K2 Wall Street has been added to the warning list of the Financial Conduct Authority in the UK as

Posted in Forex, News | Tagged , , , | Leave a comment

FCA UK blacklists fake firm Astaria Group

Financial services provider Astaria Group has just been added to the warning list of the Financial Conduct Authority in the UK as

Posted in Forex, News, Scam Warnings | Tagged , , | Leave a comment

UK citizens were scammed for 197 mln GBP in 2018 alone

Retail investors in the UK lost more than 197 million GBP to scammers in 2018 alone, the local Financial Conduct Authority (FCA)

Posted in News, Regulation | Tagged , , , , | 2 Comments

FCA warns against clone firm Swiss Capital Invest

Financial services provider Swiss Capital Invest has just been added to the warning list of the Financial Conduct Authority in the UK

Posted in Forex, News, Scam Warnings | Tagged , , | Leave a comment

Clone firm London E-Management blacklisted by the FCA

Unregulated Forex brokerage London e-Management is the latest addition to the long warning list of the Financial Conduct Authority in the UK

Posted in Forex, News, Scam Warnings | Tagged , , | Leave a comment

Unregulated brokerage Trading Epic ends up on FCA’s blacklist

The warning list of the Financial Conduct Authority in the UK keeps getting longer and longer which is good news for traders

Posted in Forex, News | Tagged , , , | 1 Comment

MegaTradeFX gets blacklisted by the FCA

The offshore Forex brokerage MegaTradeFX has been blacklisted by the UK’s Financial Conduct Authority. The financial watchdog claims they have been providing financial

Posted in Forex, News, Scam Warnings | Tagged , , | 1 Comment

FCA warns traders to steer clear of MarketGBP, Capital-Traders and FXTRADE777

The three Forex brokerages – MarketGBP, Capital-Traders, and FXTRADE777 – have been blacklisted by the UK’s Financial Conduct Authority. The financial watchdog claims they have

Posted in Forex, News, Scam Warnings | Tagged , , , , | Leave a comment

FMA warns against WiseBanc, Solid Global Investment, Bitcoin Revolution and Ideal Services Direct Contact

The Financial Markets Authority (FMA) in New Zealand added a couple of new names to its long list of potential scam websites.

Posted in News, Scam Warnings | Tagged , , , , , , , | Leave a comment