Best UK forex brokers – list of brokers regulated by FCA

BrokerCountryRatingMin. DepositWebsite
UK, Cyprus, Belize4.94/5$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
UK4/5n/aRead the review
UK3.8/5$100Read the review
UK, Cyprus, Hong Kong3/5$100Read the review
UK3/5$100Read the review
Australia3/5$1Read the review
UK3/5$100Read the review
UK3/5$200Read the review
SVG3.0/5$100Read the review
EU, UK3.0/5$200Read the review
UK3/50Read the review
UK3/5$100Read the review
UK3/5$500Read the review
BVI1/5$300Read the review
SVG1/5$100Read 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

FCA Cautions of Afghanistan-Based Financial Crimes

An official warning was issued by the UK’s FCA of growing financial crimes as a result of the recent developments in Afghanistan.

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FCA Warns of Three New Clone Firms

Three companies in the FCA warning list have been dubbed clone firms. These are ICM Capetal, www.longleafmanagement.co.uk, and IntertradesFX. All three of

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BDSwiss Ordered by FCA to Terminate All CFDs Trading in UK

BDSwiss Holding Plc has been suspended from offering CFDs in the UK. This was FCA’s last decision after an investigation was conducted.

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UK Retail Banking Sector Receives Warning From FCA For Negligence

The UK’s Financial Conduct Authority has released an official warning towards the UK retail banking sector. The warning addresses the banks’ inability

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Plethora of UK Crypto Firms are Dropping their FCA Registration Applications

Many cryptocurrency service companies and exchanges are pulling out their application forms from the UK’s FCA. The number of companies doing so

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A Total of 111 Unregulated Crypto Firms Included in FCA Warnings List

The Financial Conduct Authority (FCA) of the UK published an official warning against a total of 111 unregulated crypto-related firms that are

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Temporary Registrations Regime for Crypto Firms Extended by the FCA

The Temporary Registrations Regime, which was set by the UK’s FCA, will be extended to 31 March 2022, said the financial watchdog

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FCA With New Proposed Rules to Tackle “Consumer Duty”

The next step to consumer safety is being considered by none other than the FCA. What the UK’s financial regulator is aiming

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New Oversight Program to be Launched by the FCA

The FCA, the UK FX regulator, will be launching the so-called “regulatory nursery” initiative in order to scrupulously oversee newly licensed FX

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Post-Brexit Shares Trading Allowed by FCA

This Wednesday the Financial Conduct Authority issued guidelines concerned with share trading obligation (STO). The guidelines will allow British companies to address

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It’s Official: FCA Imposes a Ban on Crypto Derivatives Retail Trading

Big news came around this week, as the FCA officially banned the sale of cryptocurrency derivatives to retails investors in the Untied

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Cash2All clone firm falls on the radar of the FCA

Cash2All is the latest clone firm that has been added to the long warning list of the Financial Conduct Authority in the

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Clone firm UK Forex blacklisted by UK’s FCA

UK Forex is the latest clone firm that has been added to the long warning list of the Financial Conduct Authority in

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Italian financial watchdog CONSOB warns against SmartFX

The unregulated Forex brokerage SmartFX  has been added to the warning list of the Italian financial watchdog Commissione Nazionale per le Societa e

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Retire YoungFX blacklisted as a clone firm by the FCA

Retire YoungFX is the latest clone firm that has been added to the long warning list of the Financial Conduct Authority in

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Lak Sira blacklisted as a clone firm by the FCA

Lak Sira is the latest clone firm that has been added to the long warning list of the Financial Conduct Authority in

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