FCA Forex Trading Platform
Forex Trading is a legal and tightly regulated activity in the UK, with FCA overseeing all operations to ensure compliance with the strictest rules of MiFID and ESMA.
- FCA-regulated Platforms or Brokers operating within the UK must abide by these regulations for a hassle-free trading experience.
- FCA stands as the supreme authority in the UK, enforcing strict regulations on Forex Brokers and platforms to ensure traders experience a secure trading atmosphere.
- For further information proceed to FCA Wikipedia, also check out our article about UK Forex brokers and Why Trade with FCA Brokers?
Regulator | Financial Conduct Authority (FCA) |
Is it Safe to Trade with FCA Broker? | Yes |
Max. Leverage | 30:1 |
Negative Balance Protection | Yes |
Compensation Scheme | Yes |
UK FCA Forex Regulation
The FCA regulatory programs are renowned for their stringent and comprehensive approach, providing clients with a reliable, trustworthy business experience. By enforcing standards pertaining to market integrity and participant protection among other areas, the risk of monetary fraud is minimized promoting an atmosphere of transparency in the markets.
Check FCA website: www.fca.org.uk, also to keep yourself updated follow FCA official Twitter @TheFCA.
Almost all Top UK Forex Brokers (firms or even individuals offering financial services) have to be authorized by the Financial Conduct Authority (FCA). Read our notes on FCA regulator:
- FCA is among the most respected authorities within the financial world that aims to protect consumers, enhance market integrity and promote healthy competition that is ensured by the range of strictest demands and regulatory protocols to the forex trading companies.
- FCA authority is highly active in its supervision tasks, constantly getting involved in each licensed broker operation, checking their performance, follow of guidelines, and investigating cases.
- Apart from the money protection, FCA directs all brokers to protect the clients in case of insolvency under the FSCS (Financial Services Compensation Scheme) with a guarantee of up to £50,000 in compensation.
- Furthermore, the FCA developed a comprehensive online portal, which brings all necessary information about brokers, with freshly updated data and findings that support investors’ choices.
- Overall, FCA Regulated Forex Brokers provide high protection for any investor or trader, as the obligations towards the regulations are strictly accurate and sharp, which is confirmed by the highly respected and regarded status of FCA worldwide itself. Read our detailed article Why trade with FCA Regulated Forex Brokers
Top 5 Best FCA Forex Brokers
Our top financial experts have come up with a comprehensive list of reputable FCA-licensed brokers that provide the best trading conditions for users. In fact, there are many UK based Brokers with good standing and offering. Here we select Brokers within strict regulatory guidelines and selected as well-suited to meet any type of investor’s needs and expectations:
- HFM – Best Overall FCA Broker 2023
- Pepperstone – Best for Beginners FCA Broker 2023
- FxPro – Best Lowest Spread FCA Broker 2023
- XTB – Best MT4 FCA Broker 2023
- Forex.com – Best EA Trading FCA Broker 2023
Is there FCA Regulated Binary Options Brokers?
No, there aren’t any UK brokers offering Binary Options, since FCA restricts the offering of Binary Options since this type of instrument is highly risky.
What does the FCA do?
The Financial Conduct Authority (FCA) regulates the financial services industry in the UK by protecting consumers, preserving stability, and encouraging healthy competition amongst industry providers.
How do I find a FCA forex broker?
To check if the broker is FCA-regulated you can verify this by visiting both the brokerage’s site and reviewing their license credentials on FCA official website through Financial Services Register Search.
FCA Regulated Forex Brokers List
This is the list of the Regulated brokers by FCA and Based in UK available for Traders from England and verified by us:
Broker | Detail | |
---|---|---|
HFM |
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
|
1
|
Pepperstone |
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
|
2
|
FxPro |
Min. Deposit: $100
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5, cTrader, FxPro Platform
Regulation: FCA, CySEC, SCB, FSCA, FSCM
|
3
|
XTB |
Min. Deposit: no minimum deposit
Max. Leverage: 1:30
Trading Platforms: MT4, xStation 5
Regulation: FCA, KNF, FSC, CNMV
|
4
|
Forex.com |
Min. Deposit: US$100
Max. Leverage: 1:40 | 1:50
Trading Platforms: MT4, MT5, FOREX.com Platforms
Regulation: FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA
|
5
|
XM |
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:888
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA, FCA
|
XM Review |
Capital.com |
Min. Deposit: US$20
Max. Leverage: 1:30
Trading Platforms: MT4, Capital.com WebTrader and Mobile App
Regulation: CySEC, FCA, ASIC, NBRB
|
Capital.com Review |
CMC Markets |
Min. Deposit: 0 GBP
Max. Leverage: 1:30
Trading Platforms: CMC Web, CMC Mobile, MT4
Regulation: FCA, ASIC, FMA, IIROC, MAS, BaFin
|
CMC Markets Review |
Markets.com |
Min. Deposit: $100
Max. Leverage: 1:30 | 1:300
Trading Platforms: Markets.com, MT4, MT5
Regulation: CySEC, ASIC, FCA, FSC
|
Markets.com Review |
ForexVox |
Min. Deposit: $0
Max. Leverage: 30:1
Trading Platforms: MT4, MT4 WebTrader, FIX API
Regulation: FCA
|
ForexVox Review |