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
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
UK3/5$200Read 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
UK1.2/5$250Read the review
UK1.2/5$250Read the review
UK1.1/5$250Read the review
UK1.1/5$100Read the review
UK1.1/5N/ARead 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

Barclays no longer partners with Coinbase

Barclays no longer will provide banking services to Coinbase and that is affecting UK clients of the crypto exchange as it has

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UK-based clone firm Profit Trade is blacklisted by the FCA

Profit Trade is yet another clone firm that has been added to the long warning list of the Financial Conduct Authority in

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UK’s FCA issues warning against UK-based clone firm TBFX Limited

TBFX Limited is yet another clone firm that has been added to the long warning list of the Financial Conduct Authority in

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UK’s FCA issues warning against UK-based clones TradevibeFX,Ultimatecryptofx and StockotradeFX

The clone firm operating under three broker brands -StockotradeFX \ Ultimatecryptofx \ Tradevibefx – is yet another that has been added to

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Blockchain.com opens a UK based crypto exchange

Blockchain.com, a crypto currency wallet provider, which has created over 40 million wallets, supporting bitcoin, Bitcoin Cash, and Ethereum is about to

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Scammers send fake FCA mails to investors, promising guaranteed returns

E-mails send by scammers, who pretend to be FCA officials are promising investors “guaranteed chance to earn” on crypto asset investments. The

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Austria’s FMA issues warning against Universe Markets

Unregulated Forex brokerage Universe Markets has been blacklisted by the The Austrian Financial Market Authority (FMA). The country’s main financial regulatory suspects

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Italy’s CONSOB issues warning against UK-based M.Success FX

The unregulated Forex brokerage M.Success FX presumably registered in the UK has been added to the warning list of the Italian financial watchdog Commissione

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XM sister brand Trading.com will be launched in July

Trading.com, the new brand of Trading Point Group, which also operates one of the most popular forex and CFD brokers in the

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UK’s FCA approves its first crypto hedge fund

Prime Factor Capital Ltd., a London-based hedge fund manager is the first financial company focused on the crypto market to be granted

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FCA raises the leverage on government bonds to 30:1

Defying the guidelines of the European Securities and Markets Authority (ESMA), the Financial Conduct Authority (FCA) in the UK will now allow

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UK’s FCA adopts permanent CFD and options rules

UK’s Financial Conduct Authority (FCA) will adopt permanent rules for trading forex, CFDs and CFD- like options, the regulator announced on Monday.

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6 people arrested for stealing $27 mln crypto assets

In a joint operation with the Dutch police and Europol the UK law enforcement agencies have arrested 6 people in connection with

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UK’s FCA issues warning against UK-based clone firm CWG Markets

CWG Markets is yet another clone firm that has been added to the long warning list of the Financial Conduct Authority in

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UK’s Action Fraud warns about “loom circle” pyramid scam

A scam scheme called “loom circle” or “fractal mandala”, promoted to social media users, promises potential victims some 1280 GBP in return

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UK’s FCA warns against UK-based Bucketlist Traders Limited

Bucketlist Traders Limited is yet another clone firm that has been added to the long warning list of the Financial Conduct Authority

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