Broker | Country | Rating | Min. Deposit | Website |
![]() | UK, Cyprus, Belize | /5 | $5 | Click for a special offerWebsite |
![]() | UK, EU, SA, Dubai | /5 | $5 | Read the review |
![]() | US, UK, CA, SG, AU, JP | /5 | $1 | Read the review |
![]() | UK | /5 | $1 | Read the review |
![]() | UK | /5 | n/a | Read the review |
![]() | UK | /5 | n/a | Read the review |
![]() | Cyprus, UK, South Africa, Seychelles, British Virgin Islands | /5 | $10 | Read the review |
![]() | UK, Australia | /5 | $50 | Read the review |
![]() | UK | /5 | $100 | Read the review |
![]() | UK, Cyprus | /5 | $1000 | Read the review |
![]() | UK, Cyprus, Hong Kong | /5 | $100 | Read the review |
![]() | UK | /5 | $100 | Read the review |
![]() | Australia | /5 | $1 | Read the review |
![]() | UK | /5 | $100 | Read the review |
![]() | UK | /5 | $200 | Read the review |
![]() | SVG | /5 | $100 | Read the review |
![]() | EU, UK | /5 | $200 | Read the review |
![]() | UK | /5 | 0 | Read the review |
![]() | UK | /5 | $100 | Read the review |
![]() | UK | /5 | $500 | Read the review |
![]() | UK | /5 | $1 | Read the review |
![]() | UK | /5 | 0 | Read the review |
![]() | UK, Cyprus, South Africa | /5 | £250 | Read the review |
![]() | BVI | /5 | $300 | Read the review |
![]() | SVG | /5 | $100 | Read 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 Bill Aims to Regulate BNPL Services and Products
Buy Now Pay Later (BNPL) customers in the UK will start getting a more transparent layer of protection after the UK Treasure
Blockchain for Non-Crypto Activities Considered by UK Authorities
The United Kingdom Finance Ministry announced this week that the nation will begin testing blockchain tech for so-called “traditionally” market activity, meaning
UK Financial Authorities Reveal Troubling Investor Behaviour
On Wednesday, a press release revealed that 42% of UK investors – those between the ages 18 and 24 – do not
FCA Sets New Diversity Rules
The FCA has just adjusted its policy to focus more on diversity. The UK’s Financial Conduct Authority now requires some of its
FCA Jumpstarts 3-Year Plan to Improve Customer Market Experiences
The UK financial regulator recently announced a major project aiming to improve overall trader experiences in the UK by amplifying its efforts,
UK Crypto Firms Registration Deadline Increased
The FCA has officially extended the waiting time for certain crypto firms to register with the watchdog, beyond the previous deadline which
300 New Cases Opened by FCA Against Unregulated Crypto Businesses
This Thursday the FCA announced that it will be cracking down on financial scams, more specifically on fraudulent crypto investment firms. The
FCA Reveals 279 Whistleblowing Cases in Q4 2021 Alone
The FCA revealed on Tuesday that it has received a total of 279 whistleblowing reports in Q4 of 2021 alone. The period
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.
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
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.
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
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
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
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
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