Experienced forex traders who practice safe trading understand the importance of using the services of regulated forex brokers. One of such regulators is the FCA. FCA regulated forex brokers are highly sought after for many reasons. But what is the FCA?
The FCA (Financial Conduct Authority) is the body responsible for safeguarding the activities of forex brokers and many other financial institutions in the UK. So for UK traders or those looking to trade forex on platforms operated by UK brokers, FCA regulated brokers are the brokers of choice.
In this article, we review some of the best FCA regulated brokers you should consider.
In This Guide
$10 000 demo
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
FCA, ASIC, CIMA, SIBL
up to 50% bonus
VFSC, FSC, IBFC
FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC
up to $5000 bonus
The Financial Conduct Authority, or FCA, is a financial regulator based in the United Kingdom. The FCA is in charge of overseeing financial institutions that provide services to consumers.
The FCA is also responsible for maintaining the integrity of the UK financial markets. The FCA regulates both retail and wholesale financial services companies, which are constituted as limited guarantee companies.
More than 60,000 financial services companies are regulated and licensed by the FCA, which is one of the world’s strictest and most reputable regulatory agencies.
FCA regulated forex brokers operate under a high standard; that is why they are highly trusted. Read our review beolow to find who the best forex brokers are operating with FCA licenses.
Founded in 2007, Exness is one forex broker many have come to trust for their industry best practices and secure platform. This broker is regulated by the FCA of the UK and CySEC of Cyprus. It is also regulated by the FSA of Seychelles. Exness offers traders a wide range of assets, and currently, their platform has more than 120,000 active traders.
You can trade forex, CFDs, metals, crypto, energy, indices, and stocks using any of the five trading accounts they offer. They have professional accounts for experienced big-time traders, as well as pro and zero accounts, among others. As for the trading interface, they have MT4 and MT5 interfaces that have unlimited leverage. As for their pro account, they charge a commission of $3.50 per lot. Exness is an FCA regulated forex broker who else platform you can trust.
XTB was established in 2002, with its headquarters in Warsaw. This forex broker is among the community of forex brokers with European licenses. This broker is regulated by the FCA, the International Financial Services Commission, and CySEC of Cyprus, among others.
XTB offers standard accounts to all traders and special Islamic accounts to traders who are adherents of Sharia with a maximum leverage of 1:500. Traders also have access to 1500 instruments that they can trade on their platform. They have crypto, forex, metals, indices, futures. More importantly, if you are a crypto trader, you will enjoy using XTB because they charge zero commission for crypto trading.
Another very good FCA regulated broker is Plus 500. With a client base of more than 300,000 traders worldwide, Plus 500 is definitely one of the heavyweights in the CFD trading scene. Besides UK regulation, this broker is regulated by authorities in Australia and Cyprus. Their interface and trading tools are user-friendly, and what’s more? It is fast and secure.
You can also use it across multiple devices since they have desktop and Mobile versions. One great feature of Plus 500 is the analytical tools provided to traders to help them make intelligent trading decisions. With more than 2000 tradable instruments on the platform, you can’t afford to go wrong. The only downside with this broker is that the platform does not have educational materials for beginners and intermediate traders.
FCA regulated forex brokers have a safe and secured platform, and Tickmill happens to be one of them. If you trade CFDs a lot, you will understand how complex these instruments can be. What better way to trade them than on platforms that help you make the best decisions. Tickmill was established in 2014 and is regulated by FCA, CySEC of Cyprus, and the FSA of Seychelles. There are more than 80 CFD instruments available for trading on the platform.
Their product features also cover indices, bonds, commodities, and forex as well. They offer three types of accounts, namely Pro Account, Classic, and VIP account. For forex traders, they can enjoy several major and minor currency pairs.
FXCM forex broker is another subsidiary of the FXCM Group which is a financial services enterprise. Established in 1999, this UK-based company maintains offices in several regions, including the US and South Africa. For traders who love spit trading, they will find this platform quite rewarding.
FXCM also offers access to the Treasury Market, CFD, forex, indices, crypto, and many more assets. Initially, traders enjoyed higher leverage with FXCM, but due to ESMA regulations, it has been cut down to 1:30 for major currency pairs.
If you want to ensure that your funds are in safe hands, you need to be sure of the forex brokers you trust with your money. FCA regulated brokers are safe because their activities come under stringent rules to protect traders’ investment. You can register with any of the brokers in this review as they are all tested and trusted.
The FCA is a legal body recognized by law in the UK to monitor the activities of brokers in the UK and ensure that they play by the rules. Any broker who wants to enter the UK market to reach UK traders must obtain an FCA license.
FCA stands for Financial Conduct Authority.
Yes, they are. In fact, they are some of the best in the industry because they are held to a very high standard.
They will be sanctioned according to the law. In some cases they may be fined, but in worst cases, they could be blacklisted and their license revoked.
Yes, you can.