10 Best FCA Regulated Forex Brokers ☑️ (Updated 2023)

The 10 Best FCA Regulated Forex Brokers revealed. We have rated and reviewed the Best Forex Brokers regulated by the Financial Conduct Authority (UK).

This is a complete listing of The 10 Best FCA Regulated Forex Brokers. In this in-depth write-up you will learn:

Who is the Best FCA Regulated Forex Broker for Beginner Traders?
Pros and Cons of an FCA Regulated Forex Broker.
The Financial Conduct Authority – A Definition.

and much, much more!

10 Best FCA Regulated Forex Brokers in 2023 – A Comparison

? Broker	? FCA Regulation	? FCA Licence Number	? Minimum Deposit	? Open an Account
? HF Markets	✅ Yes	801701	$50 USD	? Click Here
? Exness	☑️ Yes	730729	$200 USD	? Click Here
? FXPro	✅ Yes	509956	$100 USD	? Click Here
? XTB	☑️ Yes	522157	$0 USD	? Click Here
? Tickmill	✅ Yes	717270	$100 USD	? Click Here
? CMC Markets	☑️ Yes	173730	$100 USD	? Click Here
? Admiral Markets	✅ Yes	595450	$25 USD	? Click Here
? Pepperstone	☑️ Yes	684312	$200 USD	? Click Here
? eToro	✅ Yes	900923	$50 USD	? Click Here
? Oanda	☑️ Yes	7110087	$0 USD	? Click Here

Financial Conduct Authority (FCA) – A Definition

The Financial Conduct Authority or FCA is a financial regulatory body in the United Kingdom. The FCA is responsible for the functioning of the UK financial markets.

10 Best FCA Regulated Forex Brokers (2023)

HF Markets – Overall, Best FCA Regulated Forex Broker
Exness – Best FCA Regulated Broker for Beginners
FXPro – Top Broker Choice with Low Spreads
XTB – Great Range of Trading Products
Tickmill – Best Risk Management Tools
CMC Markets – Excellent Online Trading Experience
Admiral Markets – Low Spread FCA Forex Broker
Pepperstone – Popular FCA Broker Choice for Professional Traders
eToro – Fast Trade Execution
Oanda – Highly-Rated FCA Broker

HF Markets

HFM is an award-winning forex and commodities broker with a global presence. HF Markets offers access to 1200+ trading products, multiple trading accounts, and low commissions.

HF Markets Overview

? Broker	? HFM
? Min. Deposit	$5 USD / R75 ZAR
? Regulators	CySEC, FSC, CFTC
₿ Crypto	No
? Total Pairs	47
☪️ Islamic Account	Yes
? Trading Fees	Low
? Open an Account	? Click Here

HF Markets Regulation

HF Markets is well-regulated by multiple leading global entities including:

Financial Sector Conduct Authority (FSCA)
Cyprus Securities and Exchange Commission (CySEC)
Dubai Financial Services Authority (DFSA)
Financial Services Authority (FSA)
Financial Conduct Authority (FCA)

and many more.

HF Markets Pros and Cons

✔️ Pros	❌ Cons
Great range of markets	Only Forex and CFDs products
Enabled negative balance protection	Three entities in offshore zones

Exness

Exness is a leading financial service provider that offers access to investment solutions that are tailored to individual needs.

Exness Overview

? Broker	? Exness
? Regulation	Multiple
? Trading Desk	Market Maker, NDD
? Sign Up Bonus	None
➖ Min. Deposit from	$10 USD
? Spreads from	0.1 Pips
➕ Max Leverage	1:2000
? Commission	Yes
? Inactivity Fee	No
? Open an Account	? Click Here

Exness Regulation

Exness is well-regulated by multiple leading global entities including:

Financial Services Authority (FSA)
Central Bank of Curaçao and Sint Maarten (CBCS)
Financial Services Commission (FSC)
Financial Sector Conduct Authority (FSCA)
Cyprus Securities and Exchange Commission (CySEC)
Financial Conduct Authority (FCA)

and more.

Exness Pros and Cons

✔️ Pros	❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions	There is a limited portfolio of financial instruments offered
Traders can choose between several retail investor accounts	Exness offers a limited number of payment methods that can be used for deposits and withdrawals

FxPro

FxPro is a Forex Service Provider with a long-standing history in the financial markets. FxPro offers Contracts for Difference (CFDs) on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy.

FxPro Overview

? Broker	? FXPro
? Regulation	FCA, CySec, FSCA and SCB
? Awards	80+
? Welcome Bonus	No
☪️ Islamic Account	Yes
? Minimum Deposit	$100 USD
? Demo Account	Yes
? Maximum Leverage	1:30
? Minimum Lot Size	0.01
? Maximum Lot Size	10 000
? Open an Account	? Click Here

FxPro Regulation

FxPro is well-regulated by multiple leading global entities including:

Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission (CySEC)
Financial Sector Conduct Authority (FSCA)
Securities Commission of The Bahamas (SCB)

FXPro Pro and Cons

✔️ Pros	❌ Cons
Regulated with several different bodies	Does not offer its services in all countries due to legal jurisdictions

XTB

XTB is a global stock exchange-listed FX & CFD broker that offers access to 2100+ instruments, award-winning platforms, and Comprehensive educational materials.

XTB Overview

? Broker	? XTB
? Min. Deposit Required	None
? Min. Deposit Recommended	$100 USD / R1600 ZAR
? Inactivity Fee	$10 USD / R160 ZAR
? Demo Account	✅ Yes
? Spreads from	0.1
? Commissions	Pro Account
? Sign Up Bonus	✅ Yes
? Open an Account	? Click Here

XTB Regulation

XTB is well-regulated by multiple leading global entities including:

The Financial Conduct Authority (FCA)
The Polish Financial Supervision Authority (KNF)
The Cyprus Securities and Exchange Commission (CySEC)

and more.

XTB Pros and Cons

✔️ Pros	❌ Cons
Award winning platform	Poor email support
Negative balance protection	Limited product portfolio, mostly CFD and FX
Easy and fast account opening	Does not hold a banking license
Regulated by top-tier FCA
Broad range of educational materials

Tickmill

Tickmill is a Forex Service provider that offers access to a great range of services and products. Tickmill is regulated by the Cyprus Securities and Exchange Commission (CySEC), The Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA).

Tickmill Overview

? Broker	? Tickmill
? Min. Deposit	$100 USD
? Regulation	CySEC, FCA, FSA, FSCA, Labuan FSA
? Trading Platform	MetaTrader4 and MetaTrade5
₿ Crypto	☑️ Yes
? Total Pairs	62
☪️ Islamic Account	☑️ Yes
? Trading Fees	Low
? Open an Account	? Click Here

Tickmill Regulation

Tickmill is regulated by the Cyprus Securities and Exchange Commission (CySEC), The Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA).

Tickmill Pros and Cons

✔️ Pros	❌ Cons
Tickmill offers robust trading platforms and innovative mobile trading	Currency conversion fees will apply for some deposits
Tickmill has a very high trust score and is known for its competitive trading conditions	There are no fixed spread accounts offered
There are several convenient funding options available including Skrill, Neteller, and others	The spreads are not the tightest

CMC Markets Review

CMC Markets

CMC Markets is a global CFD and forex broker that is regulated by several global authorities, including the FCA.

CMC Markets Overview

? Broker	? CMC Markets
? Min. Deposit (Rec.)	$10 USD
? Inactivity Fee	☑️ Yes
? Demo Account	☑️ Yes
? Base Currency	10
? Open an Account	? Click Here

CMC Markets Regulation

CMC Markets is considered safe because it has a very long track record, is listed on the London Stock Exchange, and is regulated by top-tier regulators.

CMC Markets is regulated by several top-tier financial authorities globally, including:

The Financial Conduct Authority (FCA)
The Investment Industry Regulatory Organization of Canada (IIROC)
The Australian Securities and Investment Commission (ASIC)
The Financial Markets Authority (FMA)
The Monetary Authority of Singapore (MAS)

Traders are protected in different ways and degrees, depending on their country of residence, the investor protection amount, the regulator, and the legal entity that serves them in that country.

CMC Markets Pros and Cons

✅ Pros	❌ Cons
Low forex fees	High stock CFD fees
Great web platform	Only CFDs
Advanced research	Lacking customer support

Admiral Markets

Admiral Markets is a CFD and Forex Broker that offers access to leading online trading services for trading Forex and CFDs on indices, metals, energies, agricultures, stocks, ETFs, and bonds.

Admiral Markets Overview

? Broker	? Admirals
? Min Deposit	$25 USD
? Leverage from	1:30
? Spreads form	0.5
? Commission from	0.02
☪️ Islamic Account	☑️ Yes
? Open an Account	? Click Here

Admiral Markets Regulation

Admiral Markets fall under the regulatory authority of multiple high-security institutions including CySEC and the FCA.

Admiral Markets Pros and Cons

✔️ Pros	❌ Cons
Multiple account choices	Does not accept cash deposits from banks

Pepperstone

Pepperstone is one of the largest regulated Forex Brokers in the World. Pepperstone offers access to market-leading trading platforms, trusted support, and award-winning educational resources.

Pepperstone Overview

? Broker	? Pepperstone
? Regulation	FCA, ASIC and AFSL
?AFSL No	414530
?FCA no	684312
? Demo Account	☑️ Yes
? Minimum Deposit	$10 USD
? Bonus	No
☪️ Islamic account	✅ Yes
? Institutional Accounts	☑️ Yes
? Managed Accounts	✅ Yes
? Maximum Leverage	1:200
? Open an Account	? Click Here

Pepperstone Regulation

Pepperstone is regulated by a multitude of trusted entities, including ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB.

Pepperstone Pros and Cons

✅ Pros	❎ Cons
Fast Account Opening	Mostly CFDs Offered
Excellent Customer Support	Basic MetaTrader Platform

eToro

eToro is a well-known fintech social trading broker that offers access to Crypto, Stocks, and ETFs trading.

eToro Overview

? Broker	? eToro
? Regulation	FCA, ASIC, CySEC
☪️ Islamic account	☑️ Yes
? Demo Account	✅ Yes
? Institutional Accounts	No
? Managed Accounts	☑️ Yes
? Maximum Leverage	20:1
? Minimum Deposit	$50 USD
? Open an Account	?Click Here

eToro Regulations

eToro is well-regulated by the Financial Conduct Authority (FCA), the Cyprus Securities & Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC) and operates under and complies with the Markets in Financial Instruments Directive (MiFID).

eToro Pros and Cons

✔️ Pros	❌ Cons
Used by 6,000,000+ traders	Doesn’t allow scalping
Established in 2006	Inactivity Fee
Regulated by Financial Conduct Authority, CySEC, ASIC	Limited range of instruments

Oanda

Oanda is a trusted global brand with a reputable reputation. Oanda is extremely well-regulated and supports third-party features for an impressive overall offering.

Oanda Overview

? Broker	? Oanda
? Min. Deposit	$0 USD
? Demo Account	✅ Yes
4️⃣ MetaTrader4	✅ Yes
⛔ Stop Loss	✅ Yes
? Open an Account	? Click Here

Oanda Regulation

Oanda is regulated by multiple trusted entities including the Monetary Authority of Singapore, the Investment Industry Regulatory Organization of Canada, the Financial Conduct Authority in the UK, and, the Australian Securities and Investment Commission.

Oanda Pros and Cons

✔️ Pros	❌ Cons
Easy and quick digital account opening	Only FX and CFDs
Low Forex Fees	High withdrawal fees for bank transfers
Web trading platform is easy to use	Poor customer service
No withdrawal fees in most cases	ID verification can slow down account opening

Conclusion

? Now it is your turn to participate:

➡️ Which Forex Broker with a Financial Conduct Authority Regulation from this list do you intend to test out?

➡️ What was the determining factor in your decision to engage with a certain broker?

➡️ Was it because of the FCA Regulation or the Pros and Cons?

? Regardless, please share your thoughts in the comments below.

Frequently Asked Questions

Who is the FCA?

The Financial Conduct Authority or FCA is a financial regulatory body in the United Kingdom.

What is the FCA responsible for?

The FCA is responsible for the functioning of the UK financial markets.

Who is the most popular FCA Regulated broker amongst traders in South Africa?

According to research, HF Markets is the preferred FCA-regulated broker amongst traders.

How do I know if a broker is regulated by the FCA?

All regulatory information can be found on the official website of the Forex Broker in consideration.

Is it safe to trade with an FCA Regulated Forex Broker?

Yes, FCA Regulated brokers are required by law to enforce policies such as leverage limits, negative balance protection, and segregated client funds.