From the hundreds of forex brokers that you will find online, we have selected only the top five that are the finest brokers currently operating from the UK. Find below our top choices and select the one that suits your trading needs best. All the brokers in our comparison table are FCA regulated brokers that are guaranteed to offer all the trading needs you may have…Read More
Find above a comparison table with the best online forex brokers in the United Kingdom, and the basic things to consider before opening an account like:
All brokers and platforms listed here are regulated by the Financial Conduct Authority.
Here is our list of the best brokers Australia:
The UK has an overall strict financial regulatory system. The laws apply firmly over the Trading and Finance Industry. Moreover, the FCA forex brokers, authorized by the Financial Conduct Authority (FCA), offer financial and trading services.
The UK forex brokers serving in the country need to acquire a license from FCA. It is one of the stricter and competent authorities in the whole of the EU and the UK.
It protects the interests of the investors. If the FCA-regulated forex broker goes bankrupt, their clients are covered up to £50,000.
You can check out the name of the authorized brokers from the FCA online portal. It presents updated data about investors. It will help you to choose the right broker.
This is an insider’s view on FCA and the regulated forex brokers. But, there is more to the regulations and laws made by the Financial Conduct Authority, UK. Let’s get a sneak peek into this competent authority.
FCA or Financial Conduct Authority of the UK regulates the trading and financial industry. It came into existence on April 1, 2013. FCA came into force after FSA (Financial Services Authority) was abolished. The authority was created to manage market risks, especially after the ‘2008 financial crisis’.
FCA aims to create a regulated financial market for traders to get a fair deal. Their main aim is to protect the integrity of the UK’s financial system.
It regulates almost 59,000 financial service agencies. FCA is the ‘prudential supervisor’ for the 49,000 financial firms. For 19,000 agencies, it has set up specified regulatory standards.
Now, what is the role of FCA? Here’s what you need to know:
So, this is what UK’s FCA does to prevail integrity in the money market. But, it is necessary to take services of the FCA-regulated forex brokers. Read onto know why?
FCA is keen on traders and customer protection. The authority is ‘investor-centric’ that makes it safe for users. It is mandatory to opt for UK forex brokers regulated by FCA. Here’s why?
FCA regulations have given a new face to the UK’s forex trading. The investors can now safely invest with the FCA-regulated brokers. Besides, it gives them a sense of belongingness and safety. Even their finances are safe and leveraged by FCA brokers.
The focus of FCA is to make the UK’s financial market innovative and compliant with the latest rules. FCA deems that it is necessary to prevail overall financial security to avoid any capital loss.
The authority wants the investors to put their trust in the sophisticated UK trading market. It will enhance the economy and help investors to get maximum ROI too.