Brokers regulated in the UK are some of the most reputable financial services providers worldwide. One of the reasons for this is that Londonhas always been acenterforfinance. Another, even more important factor, is the UK financial regulator – the Financial Conduct Authority (FCA). The FCA enforces some of the strictest requirements to forex brokers worldwide, sees to their compliance, and those who fail to meet the applicable standards are subjected to salty fines.
Here are some of the regulatory requirements UK forex brokers have to meet:
Minimum capital requirement of GBP 730 000in net tangible assetswhich must be maintained at all times;
MiFIDregulations are still applicable, and probably most of them will remain in force even after the UK exits the EU. Some of these include a leverage cap of 1:30, provision of negative balance protection on a per account basis, regular transaction reporting, ban on trading incentives such as bonuses, and more.
the FSCS coverage:The Financial Services Compensation Schemeis probably the most important guarantee for the security of traders funds. All UK brokers are required to participate in this system, and as a result, if any of them goes bankrupt, its clients can receive up to GBP 85,000 of their trading capital as a compensation.
Now that the UK is exiting the European Union, there are a lot of uncertainties in the forex sector, but the FCA works closely with other European regulatory bodiesto solve all these problems and continue to ensure a stable financial market.
Below, you can find a list of forex brokers, authorized to operate in the UK.
TheFinancial Conduct Authority (FCA)has recently updated its warning list with unregulated brokersCryptoExp, CapitalXP, and4XFX. According to the regulator, these brokers have been providing financial services or products in the UK without its authorization.Read more
UKs financial markets and services regulator,the Financial Conduct Authority (FCA), blacklisted unregulated forex and binary options broker Hope Area on Monday. This firm is not authorised by us and is targeting people in the UK.Read more
UKs Financial Conduct Authority (FCA) has recently warned against two clones of properly regulatedfirms:Serex Investments and Quantum Forex Trade.Read more
UKs financial markets and services regulator,the Financial Conduct Authority (FCA), blacklisted FSM Smart andTradePro Capitals previous week. According to the regulator, these unregulated financial services providers are illegally targeting local citizens.Read more
The Financial Conduct Authority in the UK updated its list of unregulated forex and CFD brokers with Kruger Exchange and PT Banc. According to the regulator, these entities have been offering, promoting or selling financial services or products in the UK without its authorization.Read more
Forex brokers providing Negative balance protection
AFM also plans to make ESMAs product intervention measures permanent
BaFin joins FCA and other regulators in warning against Wise Banc
FCA updates its warning list with CryptoExp, CapitalXP, and 4XFX
ASIC warns that some Australian brokers are soliciting European clients
Spains CNMV updates its warning list with a bunch of shady brokers
UKs FCA blacklisted unregulated broker Hope Area
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