Forex for a trader
Top uk regulated forex brokers

Top uk regulated forex brokersTop Rated UK Forex Brokers Reviews - 2018. In the UK, the Financial Services Authority (FSA) is the only regulator that oversees the operations of financial services providers. Brokerage houses, exchanges and other financial services market all fall under FSA jurisdiction. However, when it comes to regulation related to selling, management and handling of investments, as well as treatment of customers, it is the Financial Conduct Authority, (FCA) that is the main watchdog. UK based traders can register and trade with any broker. However, as the UK is a member of the European Union, trading with an EU licensed and regulated broker provides reassurance and security. UK Forex brokers should always be FSA regulated. We recommend that all traders do the proper research into the many Forex brokers before registering with any one of them. We have made this search as easy as possible by offering a list of top Forex brokers in the UK for you to choose from. We’ve reviewed them all and have selected the top Forex brokers with a track record in providing their customers with the best possible trading experience. High floating leverage Portfolio management available 20% welcome bonus. Choice of fixed or floating spreads Highly regulated in multiple jurisdictions Low minimum deposit. Designed for smooth self-registration Cryptocurrency trading available Over 2,000 CFDs available. No dealing desk execution Wide range of trading apps available Low minimum deposit. Wide range of assets Fast execution No minimum deposit. UK Forex Brokers Reviews.

FXTM or Forex Time, founded in 2011, is still considered a newcomer to the online Forex trading scene. However, within a span of few years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is regulated by various jurisdictions and has offices in Cyprus, the UK and Belize. Forextime Limited is regulated by CySEC, Forextime UK Limited is authorized by FCA and FT Global Limited is regulated by IFSC. This should not constitute as advertisement in the territory of Belgium, France and Netherlands. AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals. Markets. com is operated by Safecap Investments Limited, a Financial Services Company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 09208 and by the Financial Services Board (FSB) in South Africa as an authorized Financial Services Provider under the no. 43906.

Markets. com was the recipient of the London Investor Show Forex “Best Customer Service 2012” award, and the Global Banking Finance Review “Best Broker in Customer Service Europe 2012” award, in addition to numerous other awards over the past years. FXCM (Forex Capital Markets) was founded in 1999 in the U. S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U. K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U. S. exchange listing the equity of large technology-based companies. XTB, founded in 2002, is a Forex and CFD broker domiciled in London, UK. XTB Limited is regulated and authorized by UK Financial Conduct Authority; funds are protected by Financial Services Compensation Scheme (FSCS). XTB Group is one of the top 10 Forex and CFD brokers in the EU according to Forex Magnates Industry Quarterly Report and is the recipient of a number of other prestigious European awards. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. If you are a forex trader that has decided to work with a forex broker who will execute your trades, it is important that you keep in mind a few criteria to work with the right kind of broker. In the first place, you should examine carefully the regulatory status of the broker that you want to work with. Trading with a regulated forex broker is important if you want to have the least amount of risk when you are trading and you want to keep your capital investment safe. The forex broker that the trader chooses can be an individual broker, an association of individuals, or a brokerage company.

Top Recommended Regulated Forex Brokers. Why You Must Trade With Regulated Forex Brokers. Starting to trade in forex these days is much easier than it was in the past. A trader can trade from anywhere in the world, even in the comfort of hisher own home. All you need to have is a computer, a reliable internet connection and help from a reliable forex broker who is regulated and offers a convenient and easy-to-use trading platform. Regulation – What is it. Many major financial institutions around the globe comply with financial regulations. This compliance sets them apart as having a genuine purpose in running the organization and their willingness to follow rules and standards. In the case of a forex broker, it is necessary that they sign a code of conduct to run their businesses in different jurisdictions. The code of conduct is constituted by the local financial regulator. The code of conduct supplies a set of regulatory guidelines that the forex broker is expected to follow.

It specifies as to how they should run their business. The guidelines also provide a framework on what behavioral and financial ethics the forex brokers are expected to follow. On the financial front, regulated forex brokers will be expected to submit copies of financial reports to the regulatory authorities at specified intervals. Examples are operational accounts of the company that will be subject to audits by qualified personnel. Regulated forex brokers are also expected to work with an adequate amount of capital reserve and liquidity to ensure reliable and uninterrupted operations on their part. The best regulated forex brokers will see to it that they comply with all the operational procedures and standards set by the authorities. Any failures on the part of the brokers to follow the guidelines that are specified are punishable and penalties will be charged. In the worst cases of non-compliance with rules, the broker’s regulatory status may be lost or their operations may be closed forcefully. In the interest of furthering their businesses, it is best for the forex brokers to comply with regulations. Importance of Working with Regulated Forex Brokers. The forex broker is the connection between the seller and the purchaser of the currencies that are exchanged in the market. It is, therefore, important that the brokers that the traders want to work with have appropriately planned businesses and a good standing reputation. There are many reasons why forex traders should seek to work with regulated forex brokers. First and foremost, working with a regulated forex broker means that it provides a safety net for their investments.

The trader is assured of the fact that their trading operations are being overseen by an official body. Any point of contention between the broker and the trader is resolved by the higher body. The guidelines that are put in place by the regulatory authorities control the different functional areas of the brokers’ operations. These are mainly in the areas of monitoring the brokers’ accounts and use of the clients’ data. They are designed to combat fraud on the part of the broker and also set benchmarks for customer service and support that is to be provided by the brokers. The single most important aspect of regulation for the broker is dealing with the requirement of holding the clients’ funds in segregated accounts. This arrangement is in place to protect the users’ funds if the broker runs into financial trouble. This money may not be used by the brokers to settle their debts as it is ‘protected’. If this kind of a scenario happens, this money is to be returned to the client. How to Ascertain If A Broker Is Regulated. Though a good number of forex brokers claim that they are regulated it is a good idea to ascertain the same before parting with any money or transferring funds to their account. Some forex brokers that operate in different parts of the globe are members of more than one regulatory body. This is good because there is additional scrutiny of their operations. This provides additional protection against fraud and malpractices.

Though it is not an absolute requirement that a trader should associate with a forex broker in their own country, most traders prefer to utilize the services provided by a local forex broker because of the convenience of communicating in the language they are most comfortable with. The main regulator for traders in the UK is the Financial Conduct Authority (FCA) and for those in the US is National Futures Association (NFA). Regulators in Europe include MiFID and CySEC. In the United States, a forex broker of repute is a member of the NFA and is also registered with the US Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and a Retail Foreign Exchange Dealer. This means that the broker is compliant with all the rules and programs that are laid out to protect the market and the traders from manipulation, fraud, and other abusive practices. It also means that these regulated forex brokers support open, competitive futures and options markets that are financially sound. Having a well-designed and flashy website alone does not guarantee that the forex broker is a member of a regulatory body. A forex broker that is a member of regulatory bodies usually displays the fact on their websites. Typically, the memberregistration numbers are displayed in the ‘About Us’ section of the websites. Like the US, each country has its own regulatory bodies. Related Pages of Regulated Forex Broker. Rate This Post : ( 65 votes, average: 4.85 out of 5) As the currency market is a decentralized entity, trading and processing of orders are carried out online. It is, therefore, necessary that you open an account with a broker that provides an online platform for trading forex. If you are a UK resident, then it is a good idea that you work with a forex broker that is based in the UK or at least has an office operating in the country. However, the problem is that there are a number of forex brokers out there in the market and identifying the right one to work with can be a challenging task, especially if you are new to forex trading.

Top UK Forex Trading Brokers 2018. This is where our services can be of great help to you. We have analyzed and reviewed the operations of some of the major brokers that provide the forex trading platform in the UK on the basis of certain specific criteria listed below in order to make things easier for you. You can use this as the starting point of your research. You don’t have waste your precious time or hard earned money in order to evaluate hundreds of brokers operating in the country. You just have to find out as to which of the forex brokers listed in our site are best suited to your needs and do further research to make sure that you are making the right choice. Regulation by a local authority is one of the key aspects you need to look for when identifying the best forex brokers in the UK. The main regulatory authority in England is the Financial Conduct Authority (FCA). The FCA is the regulator for the industries in the financial services sector in the country. When reviewing the forex brokers operating in the country we have taken this aspect into consideration. Apart from regulation, other aspects to be considered when choosing best forex brokers in UK are as follows: Whether the company that provides the forex trading platform is adequately capitalized or not How reliable are the trading platforms offered by the forex broker What type of broker is the forex trading platform provider: Non Dealing Desk (Straight Through Processing), Dealing Desk (Market MakerDealer) or Electronic Communications Network (ECN) What types of accounts does the forex broker offer How much leverage and margin does the forex broker offer What kind of spreads does the broker provide Does the broker charge any commissions or fees for the trades executed by the you How much money has to be deposited initially in order to start trading currencies on the broker’s platform When it comes to transferring funds what currency options does the broker make available to you What payment methods does the broker offer What are the broker’s terms and conditions for withdrawal of funds How responsive is the customer support services provided by the forex broker. This is definitely not an exhaustive list of things that you should look into when choosing the best forex broker in the UK. There are a few other aspects as well. These include customizations options, order entry types, automated trading options, trading alerts, strategy builders and backtesting options, among others.

Further, it is better to look for brokers that offer free demo accounts so that you can try out their platforms prior to opening an account and funding it. Here are some of the best forex brokers in UK: 1. FXOpen UK. FXOpen UK, a popular metatrader ecn forex broker in the UK, offers several helpful features on their platform including expert advisors, technical analysis tools, indicators and professional graphics. Founded in 2013 and headquartered in the London UK, FXOpen is authorised and regulated by the Financial Conduct Authority under FCA firm reference number 579202. FX OPEN UK accepts Traders with Minimum deposit required to start trading on their platform is $300 and the minimum lot size offered by the broker is 0.01. The forex broker offers leverage up to 500:1 and makes available floating spreads starting from 0 pips. When it comes to trading platforms, FXOpen offers a wide range of platforms including MetaTrader 4, WebTrader and Mobile Trading Platform. As regards transfer of funds, options available with FXOpen include Wire transfer, creditdebit cards, Neteller and Skrill Moneybookers, Payza and Webmoney. 2. Plus500 UK. The online forex broker Plus500 UK Ltd is authorized as well as regulated by the Financial Conduct Authority. The forex broker services both institutional customers and retail investors and offers No Dealing Desk currency trading facility. PLUS500 UK which has its headquarters located in the UK was founded in 2008. Traders have to deposit a minimum of €100 if they want to use the broker’s platform for trading forex. The minimum position size offered by the company 0.01 and the leverage that traders can avail is 294:1. Spreads can be as low as 0.01%” (0.01% = spread for EURUSD).

Plus500 offers multiple trading platforms such as Windows Trader, WebTrader, Windows 10, Android App, Windows Phone App & iPhone AppiPad AppApple Watch App. Payment options offered by the forex broker include Credit Card, PayPal, Wire Transfer, Skrill MoneyBookers. 3. XM. XM, an online currency trading platform provider, was founded in 2009. The forex broker offers MetaTrader trading platform and more than 100 instruments from asset classes such as currencies, CFDs on stocks and precious metals. XM which serves both institutional as well as retail customers in more than 196 countries has established over 4 offices around the world. Traders who open accounts on their platform will have to deposit a minimum of $5 in order to start trading. While the minimum position size offered is 0.01, the leverage can go up to 888:1. XeMarkets is regulated broker by ASIC Australia, CySEC, FCA (UK), BaFin. XM broker offers low spreads From 1 Pips. Multiple forex platforms offered by the broker include MetaTrader 4, and Web, iPhoneiPad and mobile trader. When it comes to payments, options include Credit Debit Card, bank wire transfer, local bank transfer, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL. ( 45 votes, average: 4.89 out of 5) Top Rated Regulated Forex Brokers Reviews - 2018. There is no question as to the necessity of trading with a regulated broker. This can’t be emphasized enough. A regulatory authority assures the economic strength of the broker and the integrity towards its traders. Without regulation, traders are left without any resource to back up the legality of the broker they are using.

The leading regulatory bodies are: US - National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), Europe - Financial Services Authority (FSA UK) and Cyprus Securities and Exchange Commission (CySEC). Check out the full list of trading related regulations here. Before deciding on a broker, first look into their regulation. Brokers with more than one supervisory body should be considered above brokers with only one. In addition, the strength of the regulatory authority is a key factor in the trustworthiness of the broker. Daily Forex researched the top licensed Forex brokers below in order for you to choose the most secured and reliable broker. Regulated Forex Brokers Reviews. AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals. FXTM or Forex Time, founded in 2011, is still considered a newcomer to the online Forex trading scene. However, within a span of few years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is regulated by various jurisdictions and has offices in Cyprus, the UK and Belize. Forextime Limited is regulated by CySEC, Forextime UK Limited is authorized by FCA and FT Global Limited is regulated by IFSC. This should not constitute as advertisement in the territory of Belgium, France and Netherlands. Markets.

com is operated by Safecap Investments Limited, a Financial Services Company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 09208 and by the Financial Services Board (FSB) in South Africa as an authorized Financial Services Provider under the no. 43906. Markets. com was the recipient of the London Investor Show Forex “Best Customer Service 2012” award, and the Global Banking Finance Review “Best Broker in Customer Service Europe 2012” award, in addition to numerous other awards over the past years. FXCM (Forex Capital Markets) was founded in 1999 in the U. S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U. K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U. S. exchange listing the equity of large technology-based companies. Plus500 Ltd is headquartered in Israel with subsidiaries in the United Kingdom, Cyprus and Australia: Plus500 UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (License No. 25014). Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. Traders should understand that when trading with Plus500 they do not own the underlying assets and they must consider the disclosure agreements on the broker’s website. Most Visited Forex Broker Reviews. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors.

As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review.

In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. The Top 10 Forex Brokers Regulated In The UK (FXCM, GCAP) In January 2015, forex broker Alpari UK applied for insolvency after the Swiss National Bank's surprise decision to abandon the peg against the euro. The event put the spotlight on forex brokers and their regulation, especially in the United Kingdom. In this article, we'll review the leading forex brokers in the United Kingdom and the basics of how they are regulated. With daily trading volume of over $5 trillion a day, the foreign exchange market, also called forex or FX, is the world's largest market. The size and deep liquidity of the forex market, along with 24-hour trading 5 days a week, make it an appealing choice for traders. ( For a step-by-step guide on everything you need to know on currency exchange see Forex Walkthrough). However, unlike stocks and commodities, forex trading has no central exchange or clearing house. The lack of transparency in the FX market has left it vulnerable to numerous instances of malpractice and manipulation. In the United Kingdom, the Financial Conduct Authority (FCA) acts as a watchdog to ensure fair and ethical business conduct. FCA-regulated forex brokers must adhere to a number of industry standards.

Of particular importance is the FCA requirement that firms keep client funds separate from company funds. These segregated deposits cannot be used as company assets if the brokerage firm becomes insolvent. The January of 2015 event involving the Swiss National Bank (SNB) underscores the importance of using a broker that is regulated by the FCA. Totally unexpected events, sometime referred to as black swan events, can happen at any time and cause chaos. The financial markets were thrown into turmoil by the Swiss decision and a number of forex brokers suffered severe losses with some going bankrupt. Fortunately for the customers of Alpari UK, the firm was regulated by the FCA. The following ten FCA-regulated forex brokers are listed in no particular order based on factors including financial stability, execution quality and trading platforms available. In choosing among them one might consider preferences such as markets available, execution software, and the competitiveness of spreads. ( Related 5 Tips For Selecting a Forex Broker) OANDA: The Canadian-based foreign exchange company offers competitive spreads, as low as 1.2 pips in EURUSD. Along with their own fxTrade platform launched in 2001, Oanda offers MetaTrader 4. Interactive Brokers: Greenwich, Conn.-based Interactive Brokers offer direct access to interbank forex quotes and operate using an Electronic Communication Network (ECN) market structure. City Index: Established in the UK in 1983, City Index offers forex trading, along with CFD's and spread betting. The MetaTrader 4 platform is available with added tools and features.

FOREX. com: Owned by parent company GAIN Capital (NYSE: GCAP). Operating since 2001, FOREX. com was a first mover in bringing currency markets to the retail trader. FXCM: Exchange listed FXCM (NYSE: FXCM) offers a no dealing desk model along with competitive spreads. The firm offers trading in a wide variety of currencies including the Chinese yuan. FxPro: Founded in 2006, London-based FXPro is an online broker offering forex trading along with CFD's. MetaTrader 4 and cTrader trading platforms are available. IG Markets: Founded in 1974 as a spread betting business under the name IG Index. The firm offers trading in pairs including EURUSD, AUDUSD, and USDJPY with spreads as low as 0.8 pips. CMS Forex: The proprietary VT Trader platform offered by CMS Forex allows you to trade directly from the chart and provides multiple technical indicators. ActivTrades: Established in 2001, ActiveTrades offers forex trading in mini and micro lots, a diverse product offering, and competitive spreads. HY Markets: In business for 30 years, HY Markets provides multiple trading platforms and a wide variety of trading instruments.

HY Markets a division of the Henyep Group, a global conglomerate with a presence in 20 countries. The Bottom Line. Among the leading FCA-regulated forex brokers in the UK, the majority are actually based abroad. In many cases, this means that they are also regulated by other bodies such as the National Futures Association (NFA) in the United States. While the retail forex industry continues to develop and improve, traders must remain vigilant in scrutinizing where they place their funds for investment. Top Forex Brokers in UK for Forex Trading. Britain has a long and proud history of trade and currency exchange. Known as a nation of merchants, the Brits have always seen trade as a way to increase their wealth. And currencies are amongst the most traded and most sought after goods in the world. London has been hailed as the financial centre of the world, mostly due to its geo-strategic position and the historical circumstances. The pound sterling is the oldest currency still in use and it is the fourth most traded currency in the world, after the US dollar, the Euro and the Japanese yen . It is also a popular reserve currency. The pound’s value in respect to other currencies fluctuates frequently, and many individuals have gained a significant benefit from these fluctuations.

Moreover, the UK has always been regarded as a country with quite liberal legislation and low-rate taxes on trade and investment. Therefore, it is not surprising that forex trading is quite popular with a large number of British citizens. Deposit: $5 Leverage: 1:500. Deposit: $100 Leverage: 1:300. Deposit: $10 Leverage: 1000:1. Deposit: $50 Leverage: 1:1000. Legal Framework and the FCA. Forex trading in the UK is in the domain of the Financial Conduct Authority(FCA), the successor of the Financial Services Authority (FSA). The FCA was founded in 2013 and it has an annual budget of over ?450 million. The organisation is independent and it isn’t directly responsible to the UK government. Its budget is provided by the membership fees paid by companies which are in the financial services industry. The powers and the role of the FCA is substantial. It regulates the marketing of financial products and services. It can investigate individuals and companies, if there are any suspicions of fraudulent or illegal behaviour.

It can ban certain financial products, up to a full year, with the power to enact a permanent ban afterwards. The FCA can also set the minimum requirements and standards for products and services. It can also instruct companies to change their promotions and other offers if it finds that they are contradictory or misleading. Due to the fact that the market is completely regulated and opening an online forex account is easy-peasy, the number of traders in the UK is growing by the minute. Still, the fact that the there is a lot of interest, has always been a magnet for shady characters and companies who try to attract possible traders and convince them that they are legitimate. The FCA warns UK traders to be aware of unauthorised brokers and avoid such websites by all means. There are companies which offer forex trading and other types of online trading, often offering unrealistically high returns and even guaranteed profits. That alone should ring a bell, as there isn’t anyone who can guarantee that you will make a profit. If you see such a ‘guarantee’, you can practically be certain that the website isn’t legitimate.

Forex brokers that are based in the UK have to be authorised by the FCA. But, there are quite a few websites which claim to be based in the UK, and even provide a UK address, usually a posh London postcode to make it seem like they’re based in the City of London. The reality is that many of those companies have nothing to do with the UK and aren’t actually registered at the address that they claim to be. Such companies often offer better exchange rates than most of their competitors and many customers initially make some hefty profits. But afterwards, they experience unpleasant things, like account suspension and closure and by the time they want to complain and address the issue, they realise that the company wasn’t even legally allowed to offer forex trading in the first place. By then it is usually too late. The FCA makes attempts to identify and then prevent such websites from offering trading services to UK citizens. In many cases the fraudsters will use the name and the registration number of actual certified brokers in an attempt to convince potential traders. If you suspect anything contact the FCA immediately. That is the first step for every UK trader before they start trading forex – make sure that the company is registered with the FCA. Checking the legal status of the forex broker is the essential and the very first thing that you should do when choosing a broker, but definitely not the only one. There are few other things that you should take into consideration, especially regarding the trading offer. The more currency pairs a broker offers, the better. Even if you plan on sticking to the major currency pairs, or restrict yourself to pairs which include the UK pound, it is still good to have a choice if you decide to, so to say, broaden your trading horizons. Some forex traders offer more than 30, and sometimes even up to 60 different currency pairs, which means that it would be hard to find a pair of currencies that are even remotely important that aren’t traded. Typically, better spreads are offered on major currencies as they are the most traded ones, but if you think you know and understand the movements of less influential currencies you can make a solid profit.

Unlike some other countries, most notably the US, where there is a limit on the leverage that the brokers can offer, in the UK, forex traders are allowed to offer pretty high leverage and for some pairs it can even reach 1000:1. This will allow you to trade amounts worth up to ?100,000, with an initial capital of just ?100. Higher leverage allows you to increase your profits significantly, but you also may suffer severe losses. Make sure that you understand how leverage works and always be prepared to act quickly in order to prevent further losses if you see that things aren’t working out well. Remember that you can, but you don’t have to use high leverage rates when you’re trading. Most forex brokers, or at least the ones that want to stay competitive and attract as many traders as possible don’t charge any fees or commissions on trade deals. Instead, they earn their profit through the spread, which, as you probably know is the difference between the buying and the selling price for a particular pair. A tighter spread means that there is a bigger opportunity for traders to earn more money and minimise their losses. Leading forex brokers offer quite competitive spreads, as they are aware that traders can compare the spreads that are offered by different websites and always choose the ones that offer more competitive ones. As a trader, you are not prohibited from having accounts at more than one forex broker, therefore you can trade one currency pair with one broker and another with someone else, depending on the spreads that they offer. Other Important Aspects. In addition to the most important aspects which include the licencing, as well as the specifics of the trading offer, there are other things which every trader should consider before choosing the most suitable UK forex broker. These things may seem unimportant, and perhaps they are less important compared to the offered pairs and the licence which are quintessential, but the following are also significant.

Trading platforms Bonuses Payment methods Customer support Learning resources. Most brokers offer more than one trading platform. In addition to being able to trade on your mobile device, you may also have access to an advanced platform which includes more interesting trade features and options aimed at more experienced traders. Many brokers offer a No Deposit, or a First Deposit Bonus to all new players, and some have few more regular bonuses which can be highly beneficial. A confirmed FCA authorisation is a sign that the broker offers secure financial transactions, but there are differences in terms of the number of accepted methods and the speed at which the transactions are processed. Some brokers charge fees on deposits made via some of the accepted methods. Traders want to know that should any problems arise they will be able to get all the necessary help and assistance. Customer support is usually provided via phone, email and live chat. Last but not least, most reliable and respected brokers give you an opportunity to learn more and get better and trading, via a range of learning materials, including videos, e-books, webinars and other useful tools. The Financial Conduct Authority is in charge of regulating various branches of the financial industry, including retail forex trading. This independent body has an official remit and a range of tools at its disposal.

No, you are also able to trade a vast range of other currency pairs, even so called exotic currency pairs which don’t include any of the major or influential currencies. Unlike the US market, where there are restrictions on the leverage, UK brokers offer trading at pretty high levels of leverage, often up to 1000:1. Most, if not all, reliable UK forex brokers don’t charge any fees on forex trading, they make their profits through the spread. The trading market hours depend on the currency pairs that you want to trade. Different markets open and close during different hours of the day. You will have at least a few trading options at any time of the day, during working days. The markets are closed on Saturdays and Sundays. Best Financial Conduct Authority (FCA) Regulated Brokers (UK) We found 10 broker accounts (out of 147) that are suitable for Financial Conduct Authority (FCA). Pick an instrument to compare its spreads, margin & more. EURUSD GBPJPY Bitcoin Ethereum Dash Ripple DAX30 FTSE100 Gold BrentCrude Apple Lloyds Update my results. Choose your must-haves to refine your results. Select your must have features. MT4 cTrader WebTrader Mac MT5 NinjaTrader. FCA CySEC ASIC BaFIN. Micro Account Standard Account VIP Account Islamic Account Copy Trading. Below $1000 $1000 - $9,999 $10,000+ Wire Transfer Credit Card Paypal. Risk Management Features.

Guaranteed Stop Loss Trailing Stops Alerts. To see more advanced filtering & broker information please open this page on a laptopdesktop. London Capital Group. Offers three ways to trade: Forex, CFDs, Spread Betting. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Financial Conduct Authority. Offers three ways to trade: Forex, CFDs, Spread Betting. MT4 WebTrader Mobile apps See Platforms.

Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Financial Conduct Authority, A. Offers four ways to trade: Forex, CFDs, Spread Betting, Share dealing. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Financial Conduct Authority an. Offers three ways to trade: Forex, CFDs, Social Trading. MT4 WebTrader Mobile apps See Platforms.

Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers one way to trade: CFDs. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers two ways to trade: Forex, CFDs.

MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers two ways to trade: CFDs, Social Trading. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers three ways to trade: Forex, CFDs, and spread betting. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts.

Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers two ways to trade: Forex, CFDs. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers three ways to trade: Forex, CFDs, Spread Betting. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More.

Haven’t tried our broker matching tool? Let our tool do the hard work of finding your next broker. It’s free and only takes 15 seconds. The Ultimate Guide to. Choosing a Broker For Financial Conduct Authority (FCA) Not sure which broker is right for you? Don’t worry - we’ve got you covered. In this guide, you’ll learn: Why London Capital Group scored high for financial conduct authority (fca) (Jump to section) Who London Capital Group is (and isn’t) suitable for (Jump to section) An in-depth feature comparison of the top #3 brokers (Jump to section) An overview on financial conduct authority (fca) (Jump to section) Why Choose London Capital Group For Financial Conduct Authority (FCA)? London Capital Group scored best in our review of the top brokers for financial conduct authority (fca), which takes into account 120+ factors across eight categories. Here are some areas where London Capital Group scored highly in: 22+ years in business Offers + instruments A range of platform inc. MT4, Web Trader, Tablet & Mobile apps. 247 customer service Tight spreads from 0.30pips Used by 0+ traders. Allows hedging 3 languages. London Capital Group offers three ways to tradeForex, CFDs, Spread Betting. If you wanted to trade GBPJPY.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc. London Capital Group have a A trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 22. Trust Score comparsion. The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide. Who London Capital Group is (& Isn’t) Suitable For. As mentioned, London Capital Group allows you to trade in three ways: Forex, CFDs, Spread Betting. Spread Betting CFD Trading Forex Trading. Not Suitable for: To trade with London Capital Group, you’ll need a minimum deposit of $1. London Capital Group offers a range of different account types for different traders including a mini account, vip account . London Capital Group is also suitable for traders looking to trade with an ECN broker. ECN trading allows the trader to get access to the actual pricing of instruments as set by the banks and liquidity providers, rather than relying on the broker to set the price. To open an ECN account with London Capital Group you will need a minimum deposit of $10,000. Finally, London Capital Group isn’t available in the following countries: US, CA, NZ, JP, BE. A Comparison of London Capital Group vs. City Index vs. IG. Want to see how London Capital Group stacks up against City Index and IG? We’ve compared their spreads, features, and key information below. Spread & fee comparsion.

Comparison of account & trading features. Why chose a Financial Conduct Authority (FCA) Regulated Broker. Choosing a broker regulated by a reputable organisation like the FCA in the UK will provide a layer of protection over an unregulated broker. It will be easier to check the history of a regulated broker (look through the FCA filings), and the brokers are held to a higher standard of service and requirements put in place by the regulator. How the FCA Protects Traders. The FCA is there to protect all market players but emphasis is placed on consumer protection. Protection of consumers of financial products (including traders who trade forex and other financial market products) is carried out at three intervention points: a) Pre-consumer Stage FCA intervention. The FCA maintains a Financial Services Register. This register is a record of companies, individuals and bodies that are regulated by the FCA and the PRA. This record is available to the public and it is possible for traders to search the status of a broker or an individual advisor on this register before committing any funds to trade the financial markets. For each registered entity, the FCA maintains the following records: Trading names and contact details of regulated entities.

The regulatory ‘status’ of the entity (i. e. whether the entity the trader wants to do business with is in good standing or not). The names and details of entities operating within and outside the UK without FCA authorisation, exemption or approval. The presence of a register and the ability to conduct an on-the-spot online check allows traders to detect problematic brokerages or faulty financial market products before committing their hard-earned money into such ventures. b) Active Consumer Stage FCA intervention. It is possible for a brokerage which fulfils all the requirements of an entity with good standing to lose its way years down the road. This was the case with the brokerage known as MF Global. The case of this brokerage served as a huge lesson as to how easy it could be for even regulators to miss warning signs. Traders lost all their money when this firm collapsed as it became clear that against regulatory provisions, the firm has been taking money from sequestered accounts to fund its gradually failing operations. When the huge EURUSD bets failed and sent the firm into insolvency, traders could not get full compensation. This mistake was corrected by the regulators and when Alpari UK went into insolvency, traders did not lose their money because all funds were fully sequestered. The MF Global experience showed how important it was for a regulator to constantly assess firms for early warning signs of failing financial health, which is where the prudential regulatory role of FCA kicks in. By constantly conducting risk-assessment of the firms it regulates, it ensures that traders are continually protected throughout their trading careers. c) Post-Consumer Stage FCA intervention.

Sometimes, a little broker carelessness is all it takes to go into insolvency. Alpari UK became insolvent because it provided too much leverage to its consumers without taking adequate steps to mitigate the risk of losses by its clients in cases of massive slippage. This was the case when the Swiss National Bank de-pegged the EURCHF currency pair, sending the Swiss Franc pairs in the market into a 3,000 point drop that wiped out client accounts and left Alpari UK unable to cover the losses. The FCA’s Financial Services Compensation Scheme (FSCS) is a service that helps traders who have lost money as a result of insolvency of their financial firms to receive compensation. A company must be declared in default by the FSCS before clients can file for compensation. A company in default is by the definition of the FSCS with respect to compensation, a company which has insufficient assets to meet its obligations, a company which is unable or likely to be unable to pay claims made against it, or a company which is insolvent. As a rule, compensation is only paid for financial loss and there is a ceiling on what can be paid out as compensation. The Role of the Financial Conduct Authority in Regulation. The Financial Conduct Authority (FCA) is the agency responsible for the regulation of the financial markets in the United Kingdom. Located in London, the FCA is the agency which succeeded the now-defunct Financial Services Authority (FSA) in 2013. Financial Conduct Authority (FCA) Overview.

The UK financial services industry is populated by thousands of financial services companies. The Financial Conduct Authority function as a regulator which oversees the conduct of about 56,000 financial services firms in the UK. Functioning as a prudential regulator, the FCA also carries out regulatory oversight of 24,000 of these financial services companies. Origins of the Financial Conduct Authority (FCA) From the period covering 2001-2013, the regulation of the entire financial services industry comprising banks, brokerages, credit unions and other financial service companies was carried out by the Financial Services Authority (FSA). The FSA was an independent body which was funded by fees paid by the companies that it regulated. However, the board of the FSA was appointed directly by the UK Treasury. When an audit of the entire financial services industry in the UK was done as a fallout of the 2008 global financial crisis, the FSA was perceived to have failed in its regulatory oversight of the banking industry. The UK government decided to implement some reforms to change the structure of regulation of the financial services industry in the UK. Consequently, the Financial Services Act of 2012 was passed into law in December 2012. his law provided for the dissolution of the FSA and the emergence of two new agencies: The Financial Conduct Authority (FCA), which would be responsible for the conduct of the 56,000 firms operating in the financial services industry in the UK and would also take over prudential regulation of 24,000 of these firms. The Prudential Regulation Authority, which would be responsible for the majority of prudential regulation. The FSA was officially dissolved on April 1, 2013, paving way for the commencement of operations by the FCA. Functions of the FCA. The FCA acts as a conduct and a prudential regulator. FCA adopts a market-based approach in its regulatory supervision of firms. a) As a Conduct Regulator.

Acting as a regulator of the conduct of the firms operating in the financial services industry in the UK, the FCA performs the following specific functions: Regulating the marketing of financial products Regulation of payment systems Supervision of banks in the UK Maintaining the new set of rules set out in 2012 for independent financial advisers. To be able to perform its conduct regulatory functions properly, the FCA allocated entities into two categories as follows: Fixed portfolio firms, which have a supervisor and are supervised on a proactive basis using a system of continuous assessment that is unique to each firm. Each individual firm is given a programme of work which is evaluated at key governance areas during regulation. Flexible portfolio firms are usually supervised using a different set of regulatory algorithms. Market-based assignments are used in conjunction with educational activity and other communication-based programmes to scan or any risks within the relevant sectors that these companies operate in. In other words, flexible portfolio firms are assessed collectively within the sector they operate and not individually. The FCA performs a risk assessment of a financial services company’s business model to check if it maintains market integrity and results in the fair treatment of consumers of that firm’s products. Three main pillars of approach are used by the FCA when it comes to conducting supervision of the 56,000 firms under its watch: 1st Pillar: For the biggest firms, a system of proactive supervision is used. Scans and stress tests are performed to show if there are any signs of trouble before they have even emerged. 2nd Pillar: Reactive supervision which is event-driven is also deployed. This means that the FCA may deploy certain measures to protect the market in response to the emergence of any overt or covert risks in any firm or entity. This is done on an entity-by-entity basis. 3rd Pillar: The FCA also scans multiple firms on a sector-by-sector to see if there are systemic risks affecting entire sectors of the financial markets. Where there is imminent harm to consumers and the markets, the FCA will intervene.

b) As a Prudential Regulator. The FCA also conducts prudential regulation of over 24,000 firms. In other words, the FCA checks the state of financial health of asset management companies, financial brokerages (stocks, forex), financial advisers, insurance brokerages and mortgage brokerages. These companies are required by law to have a minimum operating capital as well as to maintain clients’ funds in sequestered accounts. The FCA, therefore, assesses a firm’s understanding of the risks of its business, systems put in place to manage these risks and how the firm mitigates against sudden and unexpected large costs such as may be required in cases of financial sanctions or litigations. Once again, the FCA allocates firms on which it conducts prudential regulatory oversight into one of three categories: P1: These are entities whose collapse would cause widespread systemic and long-lasting financial and reputational damage to client assets, customers and the marketplace. Entities listed in this category are subject to periodic liquidity and capital base assessments every 24 months. P2: Entities whose collapse would cause damage to both consumers and client assets but would not cause widespread systemic damage. Checks on capital base and liquidity are conducted every 48 months. P3: Entities whose collapse are not likely to cause any significant damage to client assets, consumers or the market. Supervision is not periodic: checks are only conducted once risks have emerged. Financial Conduct Authority Final Thoughts.

The Financial Conduct Authority has been able to put in place a robust regulatory structure for the financial services industry and the UK financial markets. As such, it has been able to put in place measures that have boosted market confidence. These are not just claims as it has been called upon time and again to step in where there have been issues with claims and other regulatory infractions.



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