5 Best FCA Regulated Brokers in 2021

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Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

FCA- (Financial Conduct Authority) regulated Forex brokers in the U.K. are a natural choice for traders in both the U.K. and in other countries, thanks to its advantageous trader protections and investor-centric focus. See our top rated FCA brokers:

1
FXCM
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
No dealing desk execution + wide range of trading apps
2
City Index
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Competitive spreads with access to thousands of markets
3
ETX Capital
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Award-winning proprietary platform is good for all traders
4
IG Markets
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Top US Forex broker
Over 17,000 tradeable assets
5
Forex.com
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
NFA regulated broker
In-house research and excellent educational center

FXCM
5.0/5 in this category
In Summary
No dealing desk execution + wide range of trading apps

FXCM is a UK-based broker since 2015 after a forced relocation from the US, where it catered to clients since 1999. Since its acquisition by Leucadia in 2015, part of US publicly listed merchant bank Jefferies Financial Group, FXCM embarked on an impressive turnaround. Clients have access to the MT4 trading platform, its proprietary Trading Station, newly added automated trading platform Capitalise, social trading market-leader ZuluTrade, and eight specialty trading platforms for algorithmic traders. It remains one of the most impressive and competitive selections among all brokers. With a minimum deposit of just $50, FXCM remains accessible to all types of traders.

Unique Features

Regulation

FCA, ASIC, FSCA

Minimum Deposit

£300

Type of Platform

MetaTrader 4, Proprietary platform, Web-based

Asset selection is compact. FXCM maintains just 40 currency pairs, seven cryptocurrency pairs, and eleven commodities. Equity traders get 100+ CFDs from the US, the UK, the EU, and Hong Kong, plus fifteen index CFDs. Completing the list are a handful of in-house created Forex and equity baskets based on themes and one bond CFD. FXCM does offer active traders a competitive pricing environment with a volume-based rebate program. The superior execution statistics at FXCM add another distinct advantage to the overall trading environment

FXCM Pros & Cons

Advantages

  • Superior trading platform selection for dedicated automated trading solutions

  • A five-tier volume-based compensation program plus superb trade execution

  • Low minimum deposit, high leverage, and VPS hosting

  • Excellent education and research via FXCM Plus and superior trading tool Capitalise AI

Disadvantages

  • Above-average cost structure in the commission-free account

  • Limited asset selection

City Index
5.0/5 in this category
In Summary
Competitive spreads with access to thousands of markets

City Index does not just hold FCA regulation, it is one of the oldest, most famous, and most well-established Forex brokers in London, England, even taking its name from London’s financial district.   

Unique Features

Regulation

CySEC, FCA, FSA

Minimum Deposit

None

Type of Platform

MetaTrader 4, Proprietary platform, Web-based

While many beginners have started out their trading careers with City Index, it is arguably the type of broker well-suited towards more experienced traders. One of its major strengths lies not only in the extremely wide and diverse selection of tradable assets on offer, including hundreds of individual equities, but also in its huge depth of experience and longevity in the market built up over 35+ years. Very few brokers can match it for long-term credibility of reputation. 

City Index offers competitive trading fees on a huge range of assets, especially on individual equities. Traders have a choice of over 12,000 instruments to buy or sell. Literally anyone can open an account with this broker, as they impose no minimum deposit, although a deposit of at least one hundred pounds is recommended to get started trading safely. 

City Index Pros & Cons

Advantages

  • Broad-based asset selection with a distinct focus on equity CFDs

  • Competitive proprietary trading platform with excellent research tools

  • Excellent educational resources and quality research

  • Trading with unrealized profits and scaled trading + price improvement technology

Disadvantages

  • No cryptocurrencies

  • An above-average cost structure for retail traders

ETX Capital
5.0/5 in this category
In Summary
Award-winning proprietary platform is good for all traders

ETX Capital is one of the oldest financial firms offering online brokerage services, founded in 1965. Since October 2020, it is part of Swiss-based private equity firm Guru Capital, which added corporate brokerage services to the ETX Capital portfolio. Clients have access to the award-winning proprietary ETX TraderPro trading platform, an excellent product for manual traders. The MT4 trading platform is equally available for automated traders, while ETX Capital provides an upgrade package labeled ETX MT4 Remastered. New traders have access to an excellent in-depth educational section for which ETX also won awards. It presents one of the best ones available and consists of well-thought-through lessons. 

Unique Features

Regulation

CySEC, FCA, FSCA

Minimum Deposit

$100

Type of Platform

MetaTrader 4, Proprietary platform, Web-based

The asset selection features 74 currency pairs and 26 Forex forwards contracts, seven cryptocurrencies, and 24 commodities. Equity traders have access to CFDs from over 20 international markets and 33 index CFDs, with twelve bond and interest CFDs completing the list. ETX Capital also grants exposure to IPOs. The commission-free Forex cost structure commences from 0.6 pips, making it one of the most trader-friendly offers. Equity traders pay a commission between 0.10% and 0.40%, but minimum charges apply, resulting in an average pricing environment. ETX Capital maintains an overall competitive trading environment. 

ETX Capital  Pros & Cons

Advantages

  • More than 50 years of experience as an FCA regulated broker in the UK

  • Excellent proprietary trading platform ETX TraderPro plus MT4 plugins

  • Competitive asset selection and low minimum deposit

  • Quality educational content for new traders, including live webinarsr

Disadvantages

  • Limited research despite marketing it as an advantage at ETX

IG Markets
5.0/5 in this category
In Summary
No withdrawal fee

IG is a global giant in the world of retail brokers and its presence is unrivaled. That means IG can bring resources to you as a US trader that is unparalleled in the industry. To give you an idea of IG’s scope, here are some quick facts: IG serves over 239,000 clients worldwide, has access to over 17,000 markets, and has been in operation since 1974 (over 45 years). In a world where US Forex brokers come and go every year, maintaining a consistent presence decade after decade demonstrates a deep commitment to the industry. Having such a large presence, (for example, IG executed 86 million trades through its own trading platform alone in 2019) means IG can invest in leading technology for its execution and trading platforms that is reliable and quick. It also means IG can invest in resources such as its learning academy and highly trained customer support.

You can trade Forex through IG with a Direct Market Access account. The Direct Market Access account has a variable commission but with improved liquidity and pricing.

As a US trader, IG offers you their own award-winning web-based platform and mobile trading apps for iOS and Android devices. The average execution time for trades on their own platform is a lightning-quick 0.014 seconds. IG also offers US Forex traders a range of third-party Forex trading platforms including the popular MetaTrader (MT4), Progressive web app, ProRealTime, and L2 Dealer (which offers Direct Market Access). IF you choose the MT4 platform through IG, you will have access to a suite of IG’s own custom MT4 add-ons as well as the standard indicators.

Unique Features

Regulation

FCA

Minimum Deposit

$250

Type of Platform

MetaTrader 4, Proprietary platform

For those that want signals directly from their US Forex broker, IG has teamed up with Autochartist and PIA First to provide traders with technical and fundamental signals.

IG is also considered one of the best US Forex brokers for beginners because it has a comprehensive online trading academy with on-demand videos and live webinars to give you the knowledge you need to succeed.

IG’s customer service gives expert support 24 hours-a-day, six days a week.

In summary, as a US trader, if you want the best overall US Forex broker with great platforms, execution, and customer service, IG would be a choice that is hard to beat.

 

IG Markets Pros & Cons

Advantages

  • No withdrawal fee

  • Good education / research

  • Good reputation

  • Wide choice of assets

Disadvantages

  • Higher minimum deposit

Forex.com
4.5/5 in this category
In Summary
Excellent trading conditions + NFA regulation

If you are looking for the best US Forex broker, a true global market leader like Forex.com should be on your list. They have been connecting traders to the world’s most popular financial markets for over 15 years.

Unique Features

Regulation

CFTC, FCA, NFA, FSA, ASIC, IIROC, CIMA

Minimum Deposit

$100

Type of Platform

MetaTrader 4, Proprietary platform

As a US trader, you can be comfortable knowing that Forex.com meets all necessary regulations that are required of Forex brokers accepting US clients. Forex.com takes the protection of customer funds very seriously by holding deposits with top-tier banks and having trust letters in place to ensure client money remains segregated from the assets of the bank. That means as a US trader, your money is ring-fenced from the operations of Forex.com and the banks that hold deposits. As of the time of writing this review, Forex.com caries capital in excess of its regulatory requirement. Forex.com is owned by StoneX Group, a publicly traded company on the NASDAQ exchange, meaning it must meet the highest standards of corporate governance, financial reporting, and disclosure. This makes Forex.com is one of the most financially stable US Forex brokers that you could choose for your trading. 

Forex.com is committed to execution quality and transparency. In January 2011, it became the first Forex broker in the world to introduce a Trade Execution Scorecard on their website. Over 99% of their trades are executed in less than 1 second, and their average execution speed is 0.05 seconds. In fact, 99.99% of their trades are successfully executed.

Forex.com offers its own Advanced Trading Platform with sophisticated features and integrated trading tools designed for serious traders. The software platform can be used as a desktop application or accessed through a web browser, tablet, or smartphone.

Forex.com also offers MetaTrader 4 (MT4) to its traders along with a Virtual Private Server facility for MetaTrader “Expert Advisors”– these are automated software that can trade for you on your behalf according to preset rules and can even trade for you while your computer is switched off.

Forex.com has a live monthly webinar especially for the Non-Farm Payroll announcement – the biggest economic announcement in the Forex world. If you enjoy trading news announcements, this is the webinar to join!

Forex.com is best for regulatory compliance, trading platforms, and trading software that provides ultrafast execution speed and transparency of performance.

Forex.com  Pros & Cons

 

Advantages

  • Lower minimum deposit

  • Islamic account available

  • Good reputation

  • Choice of account types

Disadvantages

  • Withdrawal fee

Top FCA Brokers 

FXCM No dealing desk execution + wide range of trading apps.
City Index Competitive spreads with access to thousands of markets.
ETX Capital Award-winning proprietary platform is good for all traders.
IG Markets No withdrawal fee.
Forex.com Excellent trading conditions + NFA regulation.

Is the FCA a Trusted and Reliable Regulatory Authority?

The UK’s world-renowned financial sector is regulated and therefore designed to ensure a safe, innovative Forex and CFD trading experience is available to traders. This advantageous structure delivers access to insured accounts, complaint mechanisms, strict marketing rules, and some unique protections that are only available to clients of UK-regulated forex and CFD brokers:

  • The FCA’s Financial Services Compensation Scheme (FSCS) covers investors for up to £85,000 in the event of a broker being liquidated.
  • Tax free spread betting and other attractive financial instruments are permitted by the FCA.
  • With freedom comes responsibility, and the FCA is extremely diligent when it comes to compliance and investigating noncompliant brokerages.
  • The FCA’s willingness to fine and suspend brokers which violate their clients’ best interests helps promote a safe, innovative financial environment where traders can take risks on the market and not on their brokerages.

The FCA’s track record as a fair and efficient regulator means that the brokers which it regulates are likely to provide excellent service and behave ethically. Should they fail to live up to this standard, the FCA is on hand to assist.

While an FCA regulated forex broker is ideal for the majority of traders, the recent limitations on leverage caps mean that traders who are seriously engaged in highly leveraged trading may not benefit as much from using an FCA broker. Still, leverage offered is still more than adequate to support aggressive money management strategies. With ample investor protections, FSCS insurance, and an investor-centric approach to oversight, the FCA-regulated and authorized forex and CFD brokers present many valuable advantages for traders based both within and outside the U.K.

Why Choose an FCA-Regulated Broker

Forex and CFD brokers are not always known for automatically acting in clients’ best interests, especially when many brokers generate profit from client losses. Accordingly, the FCA’s strict regulations and investor protection mechanisms demand above-board dealings between clients and brokers, supporting a better environment for investors to thrive. This includes segregated accounts, differing capitalization requirements depending on execution models, and compensation schemes to ensure a better trader experience.

Financial industry regulations always seek to strike a balance between innovation, risk management, and client protections, and UK’s FCA is no different. The 2008 financial crisis highlighted the dangers of a poorly regulated market, and the years that followed have seen a greater focus on client protection. The UK financial markets have traditionally been leaders in this regard, with the FCA setting the standard for both trading freedom and client protection.

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How FCA Regulation Protects You

FCA regulated forex brokers offer a variety of protections, benefits, and other perks in comparison with brokers from other regions:

FSCS (Financial Services Compensation Scheme) - this offers protection covering up to £85,000 of capital deposits per person per broker in the event of broker liquidation. If the broker went insolvent before 1st April 2019, protection is extended to £50,000.

Regulation - the FCA is empowered by the UK government to register, monitor, and investigate brokerages that fall under its jurisdiction.

Reputation - FCA brokerages are well-monitored and operate within a system that rewards innovation and punishes dishonesty. With over £200 million in fines typically issued in a given year, this regulator certainly means business. Brokers found to have breached its code of conduct and regulations may also be suspended and have their products banned.

Infrastructure - the FCA has an extensive network of staff and financial monitoring technologies at its disposal. It works closely with the UK financial ombudsman service to resolve disputes.

Tax-free Spread-Betting (for UK / Irish resident clients) - whereas EU regulators often frown on spread-betting, the FCA allows it - provided that the brokerage deals transparently with clients. The tax-free spread betting option only applies to those clients resident in the UK and Ireland.

Choice of Brokers - as a major financial center, the United Kingdom is home to more than 91 FCA regulated forex and CFD trading firms. This choice of brokers ensures tight, competitive spreads and reasonable brokerage fees.

Limiting Leverage - the FCA once allowed almost unlimited leverage, but as of mid-2019 leverage was reduced to a maximum of 30:1 on Forex currency pairs. This may disappoint some traders, but it is certainly in line with global best practices. Professionals may access higher leverage if they are able to demonstrate their expertise and experience. Still, opting for that “professional” classification route does diminish certain investor protections.

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Finding the Best Financial Conduct Authority (FCA) Broker

Here are some questions that every customer should ask before opening an account.

Is the broker licensed and registered with the FCA?

Does the broker have established relationships with well-known banks and other institutions?

Are the broker’s spreads competitive when compared with the industry average?

What range of financial instruments and trading strategies does the broker permit?

How long has the broker been in business? Have they ever had liquidity issues that resulted in their clients experiencing late or refused withdrawals?

The answers to these questions should give customers a fair idea about the type of broker they are dealing with and how likely they are to have a positive experience dealing with them.

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Introduction to the FCA

The FCA is a relatively new body, having launched its operations in 2013, but its predecessor (the FSA) had been the UK’s main financial regulator for decades. While the Bank of England handles larger-scale policy, the FCA is responsible for monitoring the brokerage sector. Accordingly, Forex and CFD transactions will all fall under this organization’s authority with an FCA-licensed and regulated broker.

The recent UK exit from the European Union was anticipated in advance by the FCA, which has announced that it intends to maintain close working relationships with European financial regulators. This will ensure that standards and procedures in the UK and EU remain aligned, especially for non-UK investors seeking to take advantage of the FCA’s generous protections and strict oversight.

FCA regulated Forex brokers based in the UK and its overseas territories will continue to provide financial services aligned with E.U. regulations beyond the end of 2020 and most probably also going forward well beyond that date, despite Brexit.

FCA Responsibilities

As outlined above, the FCA has existed in its current form for several years - and for many decades before that as the FSA. The UK government’s decision to split the FCA from its other financial regulatory bodies was taken in the hope that a specialized regulator for financial brokerages would deliver a better-regulated market.

So far, the FCA is widely seen as having lived up to this expectation and in fact exceeded it in some areas.

The FCA carries out several important functions:

  • Licensing and registering financial services companies
  • Ensuring that brokerages comply with FCA regulations and investigating complaints from clients
  • Censuring financial companies that are found to have violated the FCA’s rules and regulations.
  • Engaging with the government, banking sector, financial services client organizations to ensure a functional and efficient financial sector.

Investor safety is crucial in any developed financial market, and the FCA oversees one of the world’s biggest. Britain’s strategic location and history of success in trade and finance has allowed it to become one of the top financial destinations on earth.

UK based brokers have working hours in common with Asia, Europe, Australia, Africa, and North and South America. This allows the more than 50,000 FCA registered financial services companies to serve clients across the globe.

FCA brokers are subject to the regulator’s FSCS (Financial Services Compensation Scheme) which guarantees up to £85,000 in coverage for client funds in the event a broker is liquidated. Brokers found to be in violation of the FCA regulations face several forms of repercussions, including warning notices, fines, suspension of trading license, and product bans - depending on the severity of the violation.

Guidelines for FCA-Regulated Brokers

FCA regulated forex brokers must comply with the rules outlined below before they are authorized to sell their services to the public. All brokers are responsible for meeting these requirements and may lose their license if they fail to do so.

The broker must hold the minimum amount of capital as per their FCA license equivalent to £125,000 for straight-through processing (STP) models and £730,000 for market-makers.

The broker must keep client funds separate from its operating expenses at all times.

Reporting - the broker has to report their daily capital balance and submit monthly and quarterly financial documents to the FCA.

The broker must manage their business in line with best practices and demonstrate this to the FCA on request.

The broker must disclose the risk involved with each trading instrument to its clients and always act in the client’s best interest.

The broker must not offer any services that violate FCA regulations, including highly leveraged trades.

If the FCA suspects a brokerage of violating its regulations, it has the legal authority to investigate and impose fines on the broker - or revoke their license altogether.

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How Does the FCA Supervise Financial Services Firms?

The FCA applies the Guidelines outlined previously as a supervisory benchmark. It supervises bigger firms using proactive methods and smaller firms using reactive methods. Sectors are also subject to stress test exercises to attempt to identify and disrupt any systematic risks which may exist.

The FCA is featured in the financial news on a regular basis due to the actions it takes against non-compliant brokers and the information it shares with the public for the sake of investor and consumer safety.

A recent example includes a broker added to the FCA’s scam list for “cloning” an FCA-authorized firm. 4fxroyal was caught imitating Royal Forex and copying some of the FCA registration details to defraud customers, landing the scam company in the FCA’s crosshairs. Now listed as a scam firm on the FCA website, prospective traders should always make extra effort to conduct thorough due diligence before registering and capitalizing accounts.

If a client believes that a broker has misled them or is not dealing with them in an ethical manner, they are welcome to report the incident to the FCA. The regulator is efficient and diligent at investigating potential violations by the companies it oversees.

How Does the FCA Categorize the Firms it Regulates?

All firms regulated by the FCA are divided into one of two categories. Before September 2015, the FCA used a system of four categories. Today, all regulated firms are divided into “fixed portfolio” or “flexible portfolio”.

Categorization determines the nature and level of supervision given by the FCA. Broadly speaking, the more risk to clients the FCA deems there to be, the more likely the firm is to be placed in the “fixed portfolio” category.

“Fixed portfolio” firms are assigned a named person at the FCA as their dedicated supervisor and receive active supervision led by that individual.

“Flexible portfolio” firms are supervised more generically.

Is the FCA a Prudential Regulator?

Yes, the FCA is a prudential regulator of tens of thousands of firms – approximately half of all the firms it regulated as of 2020. The FCA conducts prudential regulation by testing whether a firm understands its risks and the systems it has put in place to protect against those risks. The FCA will also want a satisfactory answer regarding whether and how a firm can deal with a large and unexpected cost to its balance sheet.

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How Can the FCA Protect Traders?

There are three types of FCA intervention that may be made in order to protect traders.

Pre-Consumer Stage

If the FCA identifies a dangerous product or service being sold, it may intervene to rectify the situation without receiving any client complaint. It can intervene to amend the development of regulated firms’ products or services.

Active Consumer Stage

If the FCA failed to prevent a dangerous product or service from being rolled out to the market, it may intervene by demanding that the regulated firm cease offering the product or service and refund or make whole any clients who have transacted it.

Post-Consumer Stage

If the FCA discovers that an obsolete product or service which is no longer being offered was dangerous and sold in breach of regulatory standards, it may intervene by forcing full refunds to some or all clients affected.

How to Make Sure an FCA Broker Offers Comprehensive Trader Resources

Trader resources typically consist of educational material and research. These resources are supplied by most FCA regulated Forex / CFD brokers.

Most brokers advertise the resources they provide on their website, sometimes not even restricting access to the resources to their clients who have deposited funds. In these cases, it is a simple task to make sure the FCA-regulated broker offers such resources, by simply downloading the resources and examining them. In the cases where access is restricted to clients, it is a good idea to contact the broker through their “contact us” page and ask them to detail what research or other resources are available to their clients. Some brokers charge a fee for research.

How to Protect Your Capital by Investing Your Money with FCA Forex Brokers

Funds you deposit with an FCA-regulated Forex broker are protected in two ways.

Firstly, it is not easy for any broker to secure FCA authorization. A broker must apply to the FCA, and meet several requirements focused on capitalization of the company and the care it takes to protect clients from the possible effects of any future attempted fraud or bankruptcy. Therefore, any Forex broker which is regulated by the FCA is a relatively safe broker with which to deposit your capital.

Secondly, depositors with any FCA-regulated Forex broker have the integrity of their deposits protected by the FCA under the terms of the Financial Services Compensation Scheme (FSCS).

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What is the FSCS?

The Financial Services Compensation Scheme (FSCS) protects every depositor with an FCA-regulated Forex broker, up to a maximum of £85,000 per depositor per broker, in the event of the broker’s insolvency. This means that if you deposit less than this amount with an FCA-regulated Forex broker, you can get the balance of your deposit refunded by the FSCS if the broker goes bankrupt without having to wait for the conclusion of the bankruptcy proceedings. If you have a balance greater than £85,000 at one broker, you are only protected by a maximum of £85,000. One way to ensure better protection if you have a sum greater than that to invest is to make sure you split it between different Forex brokers so you never have a balance greater than that at any one broker. This can ensure you are fully covered.

How Do I Determine the Authenticity of an FCA-Regulated Forex Broker?

It is easy to determine the authenticity of any broker regarding FCA regulation. Firstly, any broker regulated by the FCA will almost certainly advertise this fact on their website, either on a dedicated page entitled regulation or in small print at the bottom of the major or possible all pages on their website. The text should include details of the regulation including a registration number. In order to verify this, you can check it by conducting a search of the FCA’s website, where the details of all FCA-regulated Forex brokers are recorded. If the broker in question is not listed there, they are making a false claim.

The Application Process for Brokers

Brokers wishing to secure authorization by the FCA and secure FCA regulation are required by the FCA to undertake a five-step process in their application:

Define the systems and controls supporting their regulated activities and check they meet the FCA’s ‘threshold conditions’.

Demonstrate staff hold the key qualifications required by the FCA.

Define which staff will need ‘approved person’ status from the FCA in order for the firm to operate properly.

Prepare a business plan.

Complete an IT self-assessment questionnaire.

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Scams Associated with FCA-Regulated Brokers

The FCA ensures a high level of regulation with strong regulatory oversight, and not only claims this, but its claims are widely seen to be true by industry analysts.

It is true that from time to time, brokers are fined for certain violations by regulators, and this can happen among FCA-regulated brokers just as it can happen anywhere else.

As such, it is almost unheard of for a real scam Forex broker to secure FCA regulation.

For example, in 2014, the FCA fined FXCM £4 million for withholding profits which should have been passed on to clients.

If you think Forex brokers have an especially bad reputation, consider the fact that the biggest fine ever issued by the FCA against any regulated firm was levied against Barclays, a publicly traded major global bank, to the tune of £284 million, for failing to control its Forex business.

Bottom Line

Choosing an FCA regulated broker makes a lot of sense for traders who value reliability, transparency and the peace of mind that comes with a well-regulated financial sector.

FAQs

What does FCA regulated mean?

If a firm is regulated by the FCA, it means that the FCA has authorized it in the name of the British state to conduct certain business, and that the FCA applies ongoing oversight to ensure that the firm follow appropriate practices.

How can I check if a company is FCA regulated?

The FCA maintains a public register of all regulated firms and persons on their website. You can visit the site and search to verify any claim.

Who needs FCA approval?

Investment firms carrying on certain activities in relation to financial instruments such as Forex brokers are required to be registered with FCA approval, and key personally are required to be authorized persons.

What is the main role of the FCA?

The main role of the FCA is to regulate the conduct of financial services and financial markets firms in the U.K. in addition to acting as the prudential supervisor of tens of thousands of other firms.

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Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.

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