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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
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.
You might also like: HF Markets Review
You might also like: FXPro Review
You might also like: XTB Review
You might also like: Pepperstone Review
You might also like: Exness Review
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.
Featured SA Shares Writer and Forex Analyst.
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