FAQs
What forex brokers are regulated by the FCA? ›
Comprehensive Comparison of the Top 10 FCA Regulated Forex Brokers
| FCA Forex Broker | Trading Platforms | Trust Pilot Rating |
|---|---|---|
| 1. Pepperstone | TradingView, MT5, MT4, cTrader | 4.4 ⭐ |
| 2. eToro | eToro Investing, eToro App, TradingView, eToro CopyTrader | 4.2 ⭐ |
| 3. CMC Markets | CMC Markets' Next Generation, MetaTrader 4 | 4.1 ⭐ |
Always check the firms or person you're dealing with is listed on the Register. The Register lists all the firms and individuals that are involved with regulated activities. You can find out what they are regulated to do and your protections when doing business with them.
Do brokers have to be FCA regulated? ›Mortgage brokers must either be authorised by us or become an appointed representative of another firm that has the relevant permissions.
Who regulates forex brokers in the US? ›The CFTC is the Federal agency with the primary responsibility for overseeing the commodities markets, including foreign currency trading.
How do I know if my forex broker is regulated? ›Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.
Is MetaTrader 4 FCA regulated? ›MT4 and MT5, TradingView. Regulated by top-tier regulators including FCA. Low spreads. Over 1,100 tradable instruments.
Which firms are regulated by FCA? ›Broadly speaking, firms covered by the senior managers and certification regime that are dual-regulated by the FCA and the PRA are divided into two categories:
- (1) Banks and deposit-takers. They are called SMCR banking firms.
- (2) Insurers. They are called SMCR insurance firms.
Firms and individuals must be authorised by the Financial Conduct Authority ( FCA ) to carry out regulated financial service activities and offer credit to consumers.
Who needs to be FCA regulated? ›Types of firms that require FCA authorisation:
Consumer credit firms. Investment firms. Banks, credit unions, and insurers. Benchmark administrators.
You can check our Financial Services Register (FS Register) to make sure a firm or individual is authorised. It will also tell you the activities the firm has permission for. Search for the firm by name, or by using its firm reference number (FRN).
How much is an FCA license? ›
Minimum standard fee
Most firms with the 'A' fee-blocks will pay a minimum fee of £1,750 to the FCA. However, if your firm is dual-regulated by the Prudential Regulation Authority (PRA) and the FCA, the minimum fee will be £875 to the FCA and £600 to the PRA. Some firms pay a reduced minimum fee.
Although unregulated brokers are common, they are by no means illegal. The main thing you stand to lose is your access to recourse. While regulated brokers are not guaranteed to treat you well, they are open to legal scrutiny if they break rules.
Who is the most trusted forex broker? ›Best Forex Brokers of 2024
- Best Overall: IG.
- Best for Low Costs: XTB.
- Best for Beginners: AvaTrade.
- Best for Advanced Traders: Pepperstone.
- Best for Active Traders: CMC Markets.
- Best for Mobile: FOREX.com.
- Best for U.S. Traders: tasyfx.
- Best for Trading Experience: CMC Markets.
Aug 29, 2024
Governed by the National Futures Association (NFA), OANDA Corporation establishes margin rates and maximum leverage at their discretion. This is a guide on how to deposit and withdraw funds with OANDA. OANDA forex clients in the United States can receive reports on trade execution.
Who is the best regulated forex broker? ›Our Top CFTC and NFA regulated list of forex brokers for US residents is:
- OANDA - Best Forex Broker For US Traders.
- FOREX.com - Top Broker With MT4.
- Tastyfx - Best Forex Brokers In USA For Beginners.
- Charles Schwab - Good Broker For Customer Support.
- Interactive Brokers - Top Broker For Low Trading Fees.
Sep 1, 2024
The Financial Conduct Authority (FCA) regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.
Are forex brokers regulated in the UK? ›The UK is a well-regulated and respected jurisdiction for financial services, and as such, provides an ideal environment in which to trade foreign exchange. The UK's Financial Conduct Authority (FCA) has established rules and regulations that must be adhered to by forex brokers operating in the country.