Forex Brokers in the UK
The UK has been the preferred home of many FX brokers for years, due to the laws governing the activity and the presence of the FCA, the Financial Conduct Authority, which acts as the regulator and licensing authority for FX traders. that are under His jurisdiction. Although far from being controversial, the FCA has proven to be a very reasonable regulatory channel for operators selling online financial services, especially because, at least theoretically, it gives authorized entities the right to legally offer all their services. through the EEA (European Economic Area). It remains to be seen exactly how Brexit will affect the scope of the FCA in this regard.
The creation of a store in the United Kingdom is, therefore, a matter of compliance with the FCA. Obviously, being the international financial center that it is, London is also attractive for several other reasons. Presumably it is much easier to find suitable and qualified personnel there, to execute the operation, on the one hand, and probably there are also other advantages.
– 40% New Member Bonus
– MIFID, ASIC, FSA & FSCA regulated
– Free Online Trading Coach
– Regulated by FCA, CySEC, FSCA, IFSC and FSC
– Over 1M Registered Accounts
– More than 250 Trading Instruments
– MT4, MT5 and Web Trader Platforms
– Full ECN Trading Model
– Crypto-trading only avail. for clients of FT Global Limited.
ECN 0.1, Standard 1.6
– Minimum Deposit $5
– Up to 1:500 leverage with micro-lots (0.01 size) available for everyone
– Scalping, hedging, trading on the news, and EAs are permitted at OctaFX.
– First Time Deposit Match: 50% Up To Any Max Deposit.
– АSIC Regulated
– True ECN Execution with spreads from 0.0 pips
– Powerful 500:1 leverage and 0.01 micro lot trading
– Scalping, hedging and EAs are allowed
– MAM / PAMM accounts
– Established in 2005
– 10,000+ products to trade
From 0.0 pips
– $10 usd minimum deposit
– State of the art platform
– 24/7 support in more than 17 languages
– Free demo account
– CySEC regulated.
– Good for beginners with excellent trading academy.
– Beginner Friendly
From 0.8 pips
– CySEC, FCA, ASIC Regulated
– MT4, MT5, WebTrader platform
– $50% and 20% deposit bonus up to $5,000(t&c apply)
– ASIC Regulated
– Well Established
– No Fees
– 24 hour support
From 0.1 pips
US Clients: No
Your capital is at risk
– FREE Live trading signals delivered 3 times daily 5 days a week.
– Complete Education pack for novices and advanced traders alike. Designed to support long term – reliable trading.
– Alvexo’s New Webtrader – user friendly, tailored reports and built in trading signals.
From 0.6 pips
– Min Deposit $100
– Leverage Up to 1:500
– Accounts may be individual, joint, or corporate, with options for traditional or ECN type pricing
– FSCA Regulated
– MetaTrader 4 & Sirix platforms
– Education Tools
– Copy Trading is Available
from 0.5 pips
– Minimum Deposit $250
– Leverage 1:200
– Dedicated Account Manager
Fixed & Floating
– Flexible leverage up to 500:1
– Multi award-winning New Zealand broker
– Institutional-grade spreads from 0.1 pips
– FCA, NFA, CFTC, IIRO, FSA, CIMA, MAS, SFC Regulated.
– Award winning platform.
– Beginner Friendly.
– Well established, safe and trusted.
– Low min. deposit
– Easy deposit and withdrawals
– A lot of pairs offered
– Trusted Global Market Leader
– Online FX & CFD Trading
– 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
– Forex, Indices, Commodities, Equities & Bitcoin
– Available to US traders
– CySEC, FSCA, FSA, DFSA, FCA Regulated
– MetaTrader4 & 5 platform
– Proprietary debit card for quick withdrawal applications!
From .2 pips
US Clients: No
Your capital is at risk
– CySEC, DFSA, FCA, FSCA, SIA Regulated
– MetaTrader4 , MetaTrader5, cTrader, FxPro SuperTrader
– 10+ Years in business
– 50+ International Awards
From 1:1 to 1:500
What exactly does the FCA do and what kind of powers does it exercise?
While in some cases, the regulatory authorities promoted by several brokers as their licensors, only perform a nominal activity, in the case of the FCA, nothing could be further from the truth. In fact, the powers exercised by the Financial Conduct Authority are impressive.
The FCA has, for example, the authority to supervise all activities related to the commercialization of various financial products. It can also impose requirements on financial products and can set minimum standards that all industry participants must observe.
In addition, the FCA can investigate organizations, companies and individuals. You can also instruct operators to interrupt / suspend any promotional activity related to a particular product or product class. In addition to all that, the FCA can also totally ban a financial product, temporarily or forever.
As of April 1, 2014, the FCA has also become the regulator of the consumer credit industry.
The predecessor of the FCA was the FSA (the Financial Services Authority) that was abolished by the real consent on April 1, 2013, when the Financial Services Act of 2012 came into force.
Through its brief existence, the FCA received what one may consider more than its fair share of criticism. Several branches / verticals of the UK financial industry saw it fit at one time or another, attacking the FCA, mainly for reasons related to lack of concern and inadequate response in relation to various scandals.
Why do you – the retail trader – need UK regulation?
The FCA is the official body whose job it is to ensure that forex brokers offering services to the public in the United Kingdom comply with the laws and comply with a series of requirements, compiled taking into account the protection of the client.
Those who seek to receive an operating license from the FCA have to comply with certain capital resource requirements. Despite being massive and highly liquid, the world of Forex trading is not isolated by default from unexpected and unpredictable events that can turn the tables into intermediaries forever. A good example in this regard would be the 2014 decision of the Swiss National Bank to abandon the EUR parity, which ended up sending the CHF higher, ruining the finances of operators such as Alpari UK, which sank into insolvency.
The additional capital requirements are completed with strict monitoring requirements that aim to ensure that an authorized broker can withstand an unexpected shock like the one mentioned above, without falling and taking the money from their merchants with them.