What is FCA regulation and why do Forex brokers need to be regulated? The FCA is the “Financial Conduct Authority” and is an entity that regulates finance firms. Many brokers in the Forex world seek to be regulated by the FCA in order to be able to receive clients from the United Kingdom and/or Europe. In return these brokers can be relied on.
The “Financial Conduct Authority” will regulate and authorize brokers who have their official regulation. The FCA also protects traders, and enforces fines and financial consequences on any brokers (whom are authorized and regulated) that do not abide and/or do not work within the authorized lines and rules of conduct.
There are hundreds of Forex brokers, not all of them have FCA regulation. Getting regulation from the FCA is not an easy task, not any Forex broker can get regulated and once a broker is regulated they can be penalized with huge fines if they try to scam even 1 single trader that trades with them. Below you will find a list of FCA regulated brokers and reviews.
FCA Regulated Forex Brokers
The following is a list of FCA Regulated Forex Brokers, their minimum deposit sum and links to reviews of these brokers.
|no minimum||Mega Trader FX Review|
|no minimum||Oanda Review|
|$50 minimum||ETORO Review|
|$100 minimum||UFXMarkets Review|
|€100 minimum||Plus 500 Review|
- Mega Trader FX – Mega Trader FX is also an FCA regulated Forex broker and is popular among Forex traders world-wide, read our review for the full coverage.
- Oanda – Oanda is authorized by the FCA and has thousands of Forex traders who use their brokerage services, for more info about Oanda read the full review.
- ETORO – ETORO has been around for many years and gained a name of quality, authority and trust from many of their clients, read our review for more info.
- UFXMarkets – UFXMarkets are FCA regulated and have clients from all around the globe, many using Islamic trading accounts, they are very popular and also authorized.
- Plus 500 – Pluss 500 is one of the largest brokers in the world, they have tens of thousands on clients and are famous for their high quality and extremely popular firm.