Best FCA Regulated Forex Brokers & Trading Platforms

Do you require an FCA regulated broker? We have filtered the most trusted & transparent FCA Regulated Brokers for trading ✔ Forex, ✔ Stocks, ✔ Indices, ✔ Crypto & ✔ Commodities

Best CFD trading platform for UK traders, Award winning xStation5 trading platform
4.6
Rating Score
Spread
Eur/Usd

2

Spread Type
  • blue TickFixed
  • blue TickVariable
Account Type
  • blue TickDemo
  • - Micro Account
  • blue TickStandard
Platforms
  • blue TickMetaTrader 4
  • blue TickMetaTrader 5
  • blue TickApp & Tablets
Fees
  • -Deposit Fee
  • -Withdrawal Fee
  • -Inactivity Fee

  • blue TickCommodities
  • blue TickCryptocurrency
  • blue TickForex
  • - Futures
  • blue TickIndices
  • blue TickMetals
  • blue TickStock
  • blue TickCFDs
  • -Options
  • -Social Trading
  • Risk Warning: CFDs are leveraged products & 73% of traders lose money when trading CFDs.

    Trust Rating

    A

    Min Deposit

    £250

    Max Leverage

    200:1

    Competetive Spreads
    Customer Support
    Security & Regulation
    best metatrader broker platform, awarded the Best FX broker in Europe 2018
    4.6
    Rating Score
    Spread
    Eur/Usd

    1.6

    Spread Type
    • - Fixed
    • blue TickVariable
    Account Type
    • blue TickDemo
    • blue TickMicro
    • blue TickStandard
    Platforms
    • blue TickMetaTrader 4
    • blue TickMetaTrader 5
    • blue TickApp & Tablets
    Fees
    • -Deposit Fee
    • -Withdrawal Fee
    • -Inactivity Fee

  • blue TickCommodities
  • blue TickCryptocurrency
  • blue TickForex
  • - Futures
  • blue TickIndices
  • blue TickMetals
  • blue TickStock
  • blue TickCFDs
  • -Options
  • -Social Trading
  • Risk Warning: 69.45% of retail investor accounts lose money when trading CFDs with this provider. 

    Trust Rating

    A

    Min Deposit

    £50

    Max Leverage

    30:1

    Competetive Spreads
    Customer Support
    Security & Regulation
    No.1 Spread Betting Broker for UK Traders
    4.4
    Rating Score
    Spread
    Eur/Usd

    0.69

    Spread Type
    • blue TickFixed
    • blue TickVariable
    Account Type
    • blue TickDemo
    • blue TickMicro
    • blue TickStandard
    Platforms
    • blue TickMetaTrader 4
    • - MetaTrader 5
    • blue TickApp & Tablets
    Fees
    • -Deposit Fee
    • -Withdrawal Fee
    • blue TickInactivity Fee

  • blue TickCommodities
  • blue TickCryptocurrency
  • blue TickForex
  • blue TickFutures
  • blue TickIndices
  • blue TickMetals
  • blue TickStock
  • blue TickCFDs
  • -Options
  • -Social Trading
  • Risk Warning: 73% of retail investor accounts lose money when trading CFDs with this provider.

    Trust Rating

    A+

    Min Deposit

    £100

    Max Leverage

    33:1

    Competetive Spreads
    Customer Support
    Security & Regulation
    Leading provider for CFD trading, offers unique webtrader platform
    4.4
    Rating Score
    Spread
    Eur/Usd

    0.6

    Spread Type
    • blue TickFixed
    • blue TickVariable
    Account Type
    • blue TickDemo
    • - Micro Account
    • blue TickStandard
    Platforms
    • - MetaTrader 4
    • - MetaTrader 5
    • blue TickApp & Tablets
    Fees
    • -Deposit Fee
    • -Withdrawal Fee
    • blue TickInactivity Fee

  • blue TickCommodities
  • blue TickCryptocurrency
  • blue TickForex
  • - Futures
  • blue TickIndices
  • blue TickMetals
  • blue TickStock
  • blue TickCFDs
  • -Options
  • -Social Trading
  • Risk Warning: 80.6% of retail investor accounts lose money when trading CFDs with this provider.

    Trust Rating

    A-

    Min Deposit

    £100

    Max Leverage

    30:1

    Competetive Spreads
    Customer Support
    Security & Regulation
    Award winning Top Australian CFD broker for Best Customer Service and Lowest Spreads
    4.4
    Rating Score
    Spread
    Eur/Usd

    1.2

    Spread Type
    • blue TickFixed
    • blue TickVariable
    Account Type
    • blue TickDemo
    • - Micro Account
    • blue TickStandard
    Platforms
    • blue TickMetaTrader 4
    • blue TickMetaTrader 5
    • blue TickApp & Tablets
    Fees
    • -Deposit Fee
    • -Withdrawal Fee
    • -Inactivity Fee

  • blue TickCommodities
  • blue TickCryptocurrency
  • blue TickForex
  • blue TickFutures
  • blue TickIndices
  • blue TickMetals
  • - Stock
  • blue TickCFDs
  • -Options
  • -Social Trading
  • Risk Warning: 78% of retail investor accounts lose money when trading CFDs with this provider.

    Trust Rating

    A

    Min Deposit

    £200

    Max Leverage

    30:1

    Competetive Spreads
    Customer Support
    Security & Regulation
    Awarded "most innovative FX broker of 2018", offers features like 'deal cancellation'
    4.3
    Rating Score
    Spread
    Eur/Usd

    1

    Spread Type
    • blue TickFixed
    • - Variable
    Account Type
    • blue TickDemo
    • blue TickMicro
    • blue TickStandard
    Platforms
    • blue TickMetaTrader 4
    • blue TickMetaTrader 5
    • blue TickApp & Tablets
    Fees
    • -Deposit Fee
    • -Withdrawal Fee
    • -Inactivity Fee

  • blue TickCommodities
  • blue TickCryptocurrency
  • blue TickForex
  • - Futures
  • blue TickIndices
  • blue TickMetals
  • - Stock
  • blue TickCFDs
  • -Options
  • -Social Trading
  • Risk Warning: 85% of retail investor accounts lose money when trading CFDs with this provider.

    Trust Rating

    A-

    Min Deposit

    £100

    Max Leverage

    30:1

    Competetive Spreads
    Customer Support
    Security & Regulation

    Best FCA Regulated Forex Brokers & Trading Platforms

     

    A background on FCA & What is prudential regulation?

    FCA stands for Financial Conduct Authority. The FCA acts as the conductor and prudential regulator for firms in financial services and financial markets operating in the United Kingdom. The FCA regulates over 58,000 firms within the U.K. Financial services companies only represent a segment/sector of companies they regulate. They ensure Financial markets & Financial Services firms show integrity and transparency in their business dealings. This will lead the consumers getting a fair deal. The FCA’s aim is to ensure that the financial markets are working well for individuals, small and large businesses and also for the economy in totality. 

     

    What do they do?


    The modern economy cannot function without such regulation. It covers pensions to children’s ISAs, to credit cards to direct debits, investments in loans – in general there is a fundamental impact on all of us based on how well the financial markets are working. The financial services in the United Kingdom employ more than 2.2 million people and have a contribution of 65.6 billion pounds in taxes to the United Kingdom economy. When the United Kingdom markets are doing well, they will benefit shareholders, staff and customers fairly and competitively. This will also assist in maintaining the United Kingdom as a big global hub for the financial sector and boost confidence in UK’s economy.

     

    How do they do it?

     

    The FCA’s objective is in ensuring that the markets in their jurisdiction function well, and their operational objectives follow these guidelines:

     

    • To protect consumers – they secure an appropriate amount of protection when it comes to consumers
    • Protection of financial markets – they enhance and protect the truthfulness of the United Kingdom financial system. We will cover the Investment Markets (Stock and OTC derivative markets)
    • To promote competition – they promote effective competition  


    FCA is an independent body that is public, and it charges a fee (FCA fee) to the companies it regulates, this is how FCA is funded entirely. The treasury is responsible for the United Kingdom’s financial system and so FCA is accountable to the treasury and the parliament. This is no different in the United States where the US Congress created the Securities and Exchange Commission (SEC) to carry out the same objectives.

    FCA set up


    The FCA (Financial Conduct Authority) operating in the United Kingdom is considered to be one of the best reputed regularisation organizations worldwide for regulation of financial firms and forex brokers. Before 2013, the regulatory process for financial companies was carried out by the FSA (Financial Services Authority). In order to streamline the whole regulation process and ensuring truthfulness and transparency in the United Kingdom’s markets of finance, a resolution was passed by the United Kingdom government. 
     

    The Financial Regulatory Authority forms part of the agreement of European Economic Area (EEA) and also the MiFID. This allows online trading platforms regulated by the FCA to be able to function in all parts of the European Union without having to set up offices in other European countries. There is a baseline that has been stipulated by the MiFID, which sets the tone for the regulatory framework.  This baseline is enforced via specific regulatory authorities of different countries that form part of the European Union. 


    Today, the United Kingdom is critically acclaimed in the world for having the best regulatory systems in place that ensure prevention of broker scams, financial malpractices, as well as other kinds of frauds that impacts both institutional as well as retail traders (traders of Forex, Stocks, Commodities etc.) and also leads to loss of confidence in the financial markets for in general public when such scams are uncovered. 
     

    Today, the United Kingdom is critically acclaimed in the world for having the best regulatory systems in place that ensure prevention of broker scams, financial malpractices, as well as other kinds of frauds that impacts both institutional as well as retail traders (traders of Forex, Stocks, Commodities etc.) and also leads to loss of confidence in the financial markets for in general public when such scams are uncovered. 

     

    Brokers, regulated by FCA are committed Towards Client Fund’s Protection

     

    FCA is fully committed towards protection of funds of customers. It does so by pursuing various regulatory protocols which prevent brokers in the jurisdiction of the FCA to commit any frauds of financial nature. FCA lays out strict guidelines from time to time and all brokers regulated by the FCA have to adhere to these strict guidelines. FCA governed brokers are required to not to use client’s funds for any other purposes. 


    FCA requirements are long listed for Financial Investment Brokers so they can offer the best services to their clients. One of the most important requirements that Forex brokers have to be compliant with is keeping clients' funds in separate accounts from their company’s accounts. In order to ensure that the client’s positions are maintained in the United Kingdom market, all FCA brokers are required to maintain a minimum of one million pounds as operating capital. This is not a fixed number and as the number of traders along with trading capital increases, this also goes up. Established forex FCA regulated brokers such as XM Group & XTB all have in excess of 300,000 plus active traders.

     

    Our Top Three FCA Brokers
      XTB UK City Index XM Broker
    Trust Rating A A+ A
    Office Headquarter London,UK London,UK London,UK
    Min. Account Deposit £250 £100 £100
    Client Accounts Segregated
    Leverage (Beginners) 30:1 33:1 30:1
    Platforms Offered MT4, MT5, WebTrader, Mobile App & Tablet MT4, WebTrader, cTrader Mobile App & Tablet MT4, MT5, Mobile App & Tablets
    Spread Betting Offered?
    Ways To Trade CFDs CFDs, Spread Betting CFDs
    Why Choose Us?
    • 5-star Rating on Trust Pilot
    • Client funds in segregated accounts
    • Competitive Fixed & Variable Spreads
    • Voted No.1 Spread Betting Broker
    • Award Winning WebTrader Platform
    • Offers Low Fixed Trading Spreads
    • Popular- Over 1,000,000 users
    • Client funds in segregated accounts
    • No Re-quotes and No Rejections
    Reviews Read In-Depth Review Read In-Depth Review Read In-Depth Review
     


    The broker is obliged to make sure that the processing of all withdrawals happens instantly and the company’s financial obligation is met without fail. Brokers need to submit various financial statements to the FCA periodically. This includes audit reports which have to be submitted every year. This helps ensure that all the facts submitted to the FCA have an accurate representation. FCA is very strict when it comes to the reports related finance of its member companies. FCA actively engages with member brokers and the audit firms to make sure that the financial data match with what is expected.

    XTB is regulated by Financial Conduct Authority (up to £50,000 of clients deposit funds is protected under scheme)
    XTB is regulated by Financial Conduct Authority (up to £50,000 of clients deposit funds is protected under the scheme)

     

    FCA and Traders


    Traders are also reassured about the safety of the money they are using as capital for trading against issues to do with the broker such as insolvency and bankruptcy. In order to get FCA approval all Forex, Stock or Commodities broker are required to get their client protection under Financial Services Compensation Scheme (FSCS). FSCS guarantees up to fifty thousand pounds in compensation to the trader for broker relates problems. The way it works is that traders can get a hundred percent of their money in capital up to thirty thousand pounds (£30,000) of deposit and a maximum of ninety percent for the remaining amount up to a maximum of fifty thousand pounds (£50,000) of deposit, in case of broker liquidation. FCA has done a commendable job of creating such a good compensation scheme when it comes to investors, most of the regulatory authorities around the world do not offer such schemes for their investors. This is what really separated the FCA with other regulated governing bodies. 

     

    FCA’s handling of Abuse


    Investors always have a recourse and are actually encouraged to use their rights when they are dealing with fraudulent brokers who have failed to comply with the guidelines of the FCA. FCA recommends that the investor uses the services of a financial ombudsman or approach the court to find a solution if they are not getting a satisfactory level of service or they think that they are falling prey to a scam. Note that the FCA, it will not get involved if there is a problem between the investor and the company, but they will undertake investigations in instances of consumer abuse and fraud. The broker faces harsh punishments leading up to permanent cancellation of the license or hefty fines if the broker is found guilty of not following FCA guidelines. 


    The FCA provides access to its excellent database which includes a lot of data about regulated brokers, financial malpractices, scam findings and other such data. The investors are encouraged to go through this online database before starting to invest in a company. The United Kingdom government has granted a lot of power to the FCA so they can ensure that businesses work within the set up rules and frameworks. FCA, being an independent agency is always on the lookout for financial scams to act as a deterrent for companies that may be looking to commit some kind of fraud. 


    The FCA is also very strict in its guidelines when it comes to platform tampering, price manipulation and issues arising out of interest conflicts between the company and the investor. Usually brokers on dealing desk and market makers usually open positions that are opposed to the investors, the FCA guidelines are clear that there should not be any interest conflict between the trader and the broker. Given how strict FCA is in its regulation and the follow-ups, most of the brokers operate within FCA guidelines and stay ethical in their business practices. Also, FCA affiliated brokers have a much lesser chance of getting into financial scams like platform rigging and price manipulation.

     

    FCA (2019) Update for All Retail Traders

    Important Notice: As of 7th December the FCA outlined that only Professional expereienced investors that have in excess 500,000 euros of trading capital only have access to trading Binary options. Binary Options trading is classed Tax-Free High risk Derivative for Retail (New) Traders that has two main outcomes; either the trade is successful and generates a significant return, or it’s unsuccessful and the full investment amount is lost.

    ESMA (European Securities and Market Authority) placed a temporary ban on Binary Options in early Summer of 2018. The FCA estimates that a permanent ban on binary options could save retail customers up to £17m in annual losses.

     

    Why should you trust the FCA?


    FCA happens to be a non-profit organization which has even used taxpayer’s money for its functioning. The FCA is answerable to the United Kingdom Parliament for its regulatory framework and get funded completely via membership fees. Being an agency which is autonomous, the FCA is on the side of the trader rather than being on the other side. The FCA works towards increasing the confidence and trust among investors by following various procedures. All brokers regulated by the FCA are given unique IDs. These IDs can be verified against the FCA database. Sometimes, a trader may claim that they are not based in the United Kingdom. It is recommended that the authenticity of such traders be verified by the investors personally as far as FCA regulation is concerned. The verification of FCA regulation is very easy to do. You just need to complete the online FCA register and do a quick search to see if the FCA number (e.g. XTB FCA number- FRN 522157) is the same as whatever description has been given to you by the broker.

     



    This is what FCA protection brings you, so be wise and verify your trading broker’s authenticity with the FCA database before giving them your money.

     

    FCA Contact Number & Details


    Website: www.fca.org.uk 
    E-mail: consumer.queries@fca.org.uk
    UK Telephone contact - 0300 500 0597
    Contact Number (Abroad)- +44 207 066 1000

    Top Three Featured Brokers

    Best CFD trading platform for UK traders, Award winning xStation5 trading platform
    4.3
    Rating Score
    With more than 14 years’ experience, XTB is one of the largest stock exchange-listed FX & CFD brokers in the world. They have offices in over 13 countries including UK, Poland, Germany, France and Turkey. XTB is also regulated by the world's biggest supervision authoriti... Read more

    best metatrader broker platform, awarded the Best FX broker in Europe 2018
    4.3
    Rating Score
    XM review is one of few brokers that have over 1 million clients registered. They are regulated by the FCA (Financial Conduct Authority) and are well known for fast order execution and have stats recorded to executed over 150 million orders executed with zero requotes. Thi... Read more

    No.1 Spread Betting Broker for UK Traders
    4.3
    Rating Score
    With 140,000 plus users City Index is one of the most established brokers (30+ years) offering the highest quality Forex and CFD trading platforms & services. They were awarded as the No.1 Best Spread Betting Platform in World. Enjoy full Spread Betting profits as they are... Read more

    Please Comment And Share Your Experiences