Are you looking for the best Forex brokers that are regulated by the UK’s FCA to make sure you are getting the very best trading conditions and your trading funds are safe?
You are in the right place!
In this post we go through the best Forex brokers that are regulated by the FCA in the UK.
These brokers all have different features and you will be able to find a broker to suit you depending on whether you need a broker with a small minimum deposit, a broker with a mobile trading platform or Metatrader or a broker that has top of the line customer support.
4
Payment methods
Trading platforms
Regulated by
Support
Min.Deposit
Leverage max
Currency Pairs
Classification
Mobile App
Min.Deposit
€250
Spread min.
Variables pips
Leverage max
100
Currency Pairs
40
Trading platforms
Funding Methods
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Average spread
EUR/GBP
-
EUR/USD
-
EUR/JPY
0.3
EUR/CHF
0.2
GBP/USD
-
GBP/JPY
0.1
GBP/CHF
0.3
USD/JPY
-
USD/CHF
0.2
CHF/JPY
0.3
Additional Fee
Continuous rate
Variables
Conversión
Variables pips
Regulation
No
FCA
No
CySEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
71% of retail investor accounts lose money when trading CFDs with this provider.
Min.Deposit
€100
Spread min.
-
Leverage max
400
Currency Pairs
50
Trading platforms
Funding Methods
Regulated by
CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Etfs
Average spread
EUR/GBP
1
EUR/USD
0.9
EUR/JPY
1
EUR/CHF
1
GBP/USD
1
GBP/JPY
1
GBP/CHF
1
USD/JPY
1
USD/CHF
1
CHF/JPY
1
Additional Fee
Continuous rate
-
Conversión
-
Regulation
No
FCA
Yes
CySEC
Yes
ASIC
No
CFTC
No
NFA
No
BAFIN
71% of retail investor accounts lose money when trading CFDs with this provider.
Min.Deposit
€100
Spread min.
1.3 pips
Leverage max
100:1
Currency Pairs
50
Trading platforms
Funding Methods
Regulated by
CYSECCFTCNFA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Average spread
EUR/GBP
1.5
EUR/USD
1.3
EUR/JPY
1.6
EUR/CHF
3.1
GBP/USD
1.9
GBP/JPY
3.6
GBP/CHF
4.2
USD/JPY
1.5
USD/CHF
2.0
CHF/JPY
-
Additional Fee
Continuous rate
-
Conversión
1.3 pips
Regulation
No
FCA
No
CySEC
No
ASIC
Yes
CFTC
Yes
NFA
No
BAFIN
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min.Deposit
€0
Spread min.
0.0 pips
Leverage max
2:1
Currency Pairs
50
Trading platforms
Funding Methods
Regulated by
CYSECASIC
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Etfs
Average spread
EUR/GBP
0.0
EUR/USD
0.0
EUR/JPY
0.0
EUR/CHF
0.0
GBP/USD
0.0
GBP/JPY
0.0
GBP/CHF
0.0
USD/JPY
0.0
USD/CHF
0.0
CHF/JPY
0.0
Additional Fee
Continuous rate
-
Conversión
0.0 pips
Regulation
No
FCA
No
CySEC
Yes
ASIC
No
CFTC
No
NFA
No
BAFIN
Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.
Compare Forex Brokers Fees:
Use our side-by-side comparison table to compare Forex broker accounts, spreads and fees.
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Best FCA Regulated Forex Brokers
FXCM
FXCM | Regulation | Min Deposit | Platform | Open an Account | |
FCA, ASIC + others. | $300 | Trading Station, MT4 and NinjaTrader | Trade Now |
Pros:
- Very good education available.
- Easy to quickly open an account.
- Multiple account types available.
- Low spreads.
Cons:
- Not as many markets as others.
- Higher minimum deposit.
FXCM is a leading global broker that has been offering it’s services since 1999.
FXCM has a huge range of trading services that include foreign exchange (FX) trading, CFD trading and spread betting. With FXCM you have access to multiple trading platforms, tools and premium resources to help you gain an edge over the markets.
One of the reasons so many choose to trade with FXCM is because of their extensive range of markets you can trade. You get access to everything from Forex, shares, cryptocurrencies, commodities and indices.
Your capital is at risk.
FXTM
FXTM | Regulation | Min Deposit | Platform | Open an Account | |
FCA and CySec | $10 | MT4 and MT5 | Trade Now |
Pros:
- Offer Metatrader platforms.
- Small $10 minimum deposit.
- Quick and easy to open an account.
- Very good customer support.
Cons:
- Some countries not accepted including US.
- Not all deposit and withdrawal methods offered.
FXTM is an award winning broker that has a vast selection of instruments, platforms, account types and resources.
With FXTM you get access to a regulated broker who offers both the latest MT4 and MT5 platforms.
Unlike many other brokers where the minimum deposits can be a lot larger, the minimum deposit with FXTM is only $10. This means you can make a tiny deposit and test out whether they are for you or not.
With FXTM you can make your trades with instant execution and on a huge range of markets and assets that include;
- Currency pairs
- CFDs
- Precious metals and commodities
- Cryptocurrencies
- Stocks
Your capital is at risk.
Plus500
Plus500 | Regulation | Min Deposit | Platform | Open an Account | |
ASIC, FCA + Others | $100 | Plus500 Platform | Trade Now |
Pros:
- Easy to use trading platform.
- Smaller minimum deposit.
- Quick and easy to open an account.
- Fast and helpful customer support.
Cons:
- Some countries not accepted.
- Educational resources not as great as others.
Plus500 is a market maker broker that offers their own trading platform that is very easy to use.
This broker offers trading on pretty much every market you could think of. If you cannot find what you are looking for on another broker, then Plus500 is probably for you. After signing up you get access to everything from Forex through to options and even ETF trading.
Plus500 offers large leverage, very small spreads and no commission trading making it a very good options for many different types of trading strategies.
Your capital is at risk.
Pepperstone
Regulation | Min Deposit | Platform | Open an Account | ||
ASIC, FCA + Others | $200 | MT4, MT5 and cTrader | Trade Now |
Pros:
- It is regulated by ASIC and FCA.
- Offers various trading platforms.
- Low FX, equity, and indices fees.
- Excellent customer service.
- Free deposit and withdrawal.
Cons:
- No investor protection for non-EU traders.
- No fundamental data analysis.
Pepperstone is an Australian based broker and is widely regarded as one of the best Forex brokers in the world.
With Pepperstone you have the ability to trade on Forex, gold, indices, equities, and more. One of the biggest benefits to Pepperstone is the availability of not just MT5, but also other different trading platforms. You can choose any of the MT4, MT5, and cTrader that come on desktop, mobile and web trading.
Pepperstone offer very comprehensive education and analysis that ranges from market news, analysis, an economic calendar, guides, webinars, and more.
Another large benefit to Pepperstone is their small trading costs. Pepperstone offer very small spreads and charge low commissions per round trade.
Your capital is at risk.
Who is the FCA?
The Financial Conduct Authority who is also know as the FCA is the UK regulator for nearly 60,000 financial services firms and financial markets.
The FCA is completely independant of the UK’s government and operates by charging it’s members fees.
The aim of the FCA is to uphold the integrity of the financial markets throughout the UK and ensure strong regulations are upheld.
Why Would You Want an FCA Regulated Broker?
Some of the safest brokers in the world with the strongest regulations are FCA brokers.
This makes your trading capital safe and gives you very good trading conditions.
Trading with a FCA registered Forex broker will give you peace of mind that not only is your capital safe, but if something does go wrong with your broker, then you have a complaint process in place to sort out any issues.
How You Can Check the FCA Register
If you want to see if a broker is registered with the FCA you can find the register at this link here.
Following that link and using that register will allow you to search and make sure that the broker you are looking to trade with is correctly registered with the FCA.
How to Make a Complaint to the FCA
There are four steps to making a complaint with a FCA regulated broker that are;
#1: Step 1: Contact the firm directly.
#2: Step 2: Make the complaint yourself.
#3: Step 3: Contact the Financial Ombudsman Service.
#4: Step 4: Take the matter to court.
One thing to note about the FCA is that unlike many other regulators they do not investigate individual complaints. They do however make sure that the financial firms they regulate have a procedure in place for resolving disputes with their customers.
FAQ’s
Who is the FCA?
The Financial Conduct Authority who is also know as the FCA is the UK regulator for nearly 60,000 financial services firms and financial markets.
Where can I find the FCA register?
If you want to see if a broker is registered with the FCA you can find the register at this link here; https://register.fca.org.uk/s/
How do I make complaint with FCA?
There are four steps to making a complaint with a FCA regulated broker that are; #1: Step 1: Contact the firm directly #2: Step 2: Make the complaint yourself #3:Step 3: Contact the Financial Ombudsman Service #4:Step 4: Take the matter to court
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