Best FCA regulated UK Forex Brokers for 2022

Below you will find a list of Forex Brokers regulated by the Financial Conduct Authority (FCA). The above-mentioned regulatory body controls financial firms registered in the United Kingdom and has powers to set trading standards in exchange markets, administer offered financial products, investigate organizations and individuals, oversee business activity of brokers and perform much more. If a company goes bankrupt, the FCA provides insurance coverage and takes actions to return determined amount of funds back to all clients. Forex Brokers regulated by the FCA considered to be very reliable.

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TickMill TickMill (2015) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  low  low Location: UK Cyprus South Africa Malaysia Seychelles Instruments: Currencies Indices Metals Energies Bonds Platforms: Web MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Qiwi Sofort PaySafeCard SticPay DotPay CityIndex CityIndex (1983) Leverage: up to 1:30 Deposit: from 10 USD Spreads:  low  low Location: Australia UK UAE Singapore Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Interest Rates Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards PayPal Bpay Darwinex Darwinex (2012) Leverage: up to 1:30 Deposit: from 500 USD Spreads:  low  low Location: UK Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 MetaTrader 5 Social Platform FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill UnionPay Trustly FxPro FxPro (2006) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  mid  mid Location: UK Cyprus Bahamas Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards PayPal Skrill Neteller UnionPay FxOpen FxOpen (2005) Leverage: up to 1:500 Deposit: from 1 USD Spreads:  low  low Location: Australia UK Saint Kitts and Nevis Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Yandex Money Qiwi Bitcoin Ethereum Liteсoin RBK Money Intellect Money PaySafeCard IG Markets IG Markets (1974) Leverage: up to 1:200 * Deposit: from 300 USD Spreads:  low  low Location: Australia UK Switzerland UAE Singapore Japan Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards PayPal Bpay Forex.com Forex.com (2001) Leverage: up to 1:50 * Deposit: from 100 USD Spreads:  mid  mid Location: US UK Japan Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Ninja Trader Specific FIX API (protocol) Wire Transfer Credit Cards Oanda Oanda (2001) Leverage: up to 1:50 * Deposit: from 20 USD Spreads:  mid  mid Location: Australia Canada US UK Singapore Japan Instruments: Currencies Indices Metals Energies Softs Bonds Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards PayPal UnionPay Bpay Admiral Markets Admiral Markets (2001) Leverage: up to 1:1000 * Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller UnionPay Trustly iDeal POLi AstroPay SafetyPay Klarna Przelewy24 ZotaPay XTB Group XTB Group (2004) Leverage: up to 1:200 Deposit: from 250 USD Spreads:  mid  mid Location: UK Germany France Spain Poland Belize Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: MetaTrader 4 xStation Wire Transfer Credit Cards PayPal Skrill Sofort PaySafeCard SafetyPay Z.com Trade Z.com Trade (2011) Leverage: up to 1:30 Deposit: from 50 USD Spreads:  low  low Location: UK Hong Kong Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards PayPal Skrill Neteller WebMoney Yandex Money Trustly Qiwi iDeal Sofort POLi Giropay Moneta Ru Exness Exness (2008) Leverage: up to 1:2000 * Deposit: from 1 USD Spreads:  low  low Location: UK Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller WebMoney Perfect Money Yandex Money Qiwi Bitcoin Tether FXCM FXCM (1999) Leverage: up to 1:400 * Deposit: from 50 USD Spreads:  mid  mid Location: Australia UK Germany France Italy South Africa Bermuda Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 Ninja Trader Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller UnionPay Bpay POLi Klarna ATC Brokers ATC Brokers (2005) Leverage: up to 1:200 * Deposit: from 2000 USD Spreads:  mid  mid Location: US UK Cayman Islands Instruments: Currencies Indices Metals Energies Platforms: MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards Skrill UnionPay Axi Axi (2007) Leverage: up to 1:500 Deposit: from 5 USD Spreads:  low  low Location: Australia UK UAE Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay iDeal Sofort Bpay POLi Giropay HYCM HYCM (1977) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  mid  mid Location: UK Cyprus UAE Saint Vincent and the Grenadines Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller WebMoney Perfect Money Bitcoin CoreSpreads CoreSpreads (2014) Leverage: up to 1:30 Deposit: from 10 USD Spreads:  low  low Location: Australia UK Instruments: Currencies Crypto Indices Metals Energies Stocks Bonds Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards POLi SwissQuote SwissQuote (2000) Leverage: up to 1:100 * Deposit: from 1000 USD Spreads:  mid  mid Location: UK Switzerland Malta UAE Singapore Hong Kong Instruments: Currencies Crypto Indices Metals Energies Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific FIX API (protocol) Wire Transfer Credit Cards FXTM FXTM (2011) Leverage: up to 1:2000 * Deposit: from 10 USD Spreads:  low  low Location: UK Cyprus Mauritius Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Yandex Money Qiwi Bitcoin Ethereum Liteсoin Dash Tether DusuPay DixiPay CashU CMC Markets CMC Markets (1989) Leverage: up to 1:500 * Deposit: from 200 USD Spreads:  low  low Location: Australia New Zealand Canada UK Germany Singapore Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards POLi Vipro Markets Vipro Markets (2015) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  low  low Location: UK Cyprus South Africa Malaysia Seychelles Instruments: Currencies Indices Metals Energies Bonds Platforms: Web MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Qiwi Sofort PaySafeCard SticPay DotPay GKFX GKFX (2010) Leverage: up to 1:1000 Deposit: from 50 USD Spreads:  mid  mid Location: UK Germany Spain Malta British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller Sofort Aetos Aetos (2007) Leverage: up to 1:30 Deposit: from 250 USD Spreads:  mid  mid Location: Australia UK Instruments: Currencies Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller Plus500 Plus500 (2008) Leverage: up to 1:300 Deposit: from 100 USD Spreads:  low  low Location: Australia New Zealand UK Cyprus Singapore Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web Specific Wire Transfer Credit Cards PayPal Skrill IQ Option IQ Option (2014) Leverage: up to 1:300 * Deposit: from 10 USD Spreads:  mid  mid Location: UK Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web Specific Binary Platform Wire Transfer Credit Cards Skrill Neteller WebMoney Perfect Money Yandex Money Qiwi Sofort AdvCash Giropay AstroPay EVFX EVFX (2011) Leverage: up to 1:30 Deposit: from 500 USD Spreads:  low  low Location: UK Instruments: Currencies Indices Metals Energies Softs Stocks ETFs Platforms: Currenex CQG Specific Wire Transfer Price Markets Price Markets (2013) Leverage: up to 1:30 Deposit: from 500 USD Spreads:  low  low Location: UK Instruments: Currencies Indices Metals Energies Bonds Platforms: Web MetaTrader 4 Currenex Specific FIX API (protocol) Wire Transfer Credit Cards UnionPay WebMoney Trustly iDeal Sofort POLi Giropay AstroPay Moneta Ru Przelewy24 Saxo Bank Saxo Bank (1992) Leverage: up to 1:30 Deposit: from 2000 USD Spreads:  low  low Location: Australia UK Switzerland Denmark UAE Singapore Hong Kong Japan Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web Specific FIX API (protocol) Wire Transfer Credit Cards Amana Capital Amana Capital (2010) Leverage: up to 1:500 * Deposit: from 50 USD Spreads:  mid  mid Location: UK Cyprus UAE Lebanon Malaysia Mauritius Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Qiwi AdvCash Epay Moneta Ru Payeer Equiti Equiti (2013) Leverage: up to 1:500 * Deposit: from 500 USD Spreads:  mid  mid Location: UK UAE Instruments: Currencies Indices Metals Energies Softs Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards Skrill Neteller ICM Capital ICM Capital (2011) Leverage: up to 1:30 Deposit: from 200 USD Spreads:  mid  mid Location: UK Instruments: Currencies Indices Metals Energies Stocks Platforms: Web MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller Pepperstone Pepperstone (2010) Leverage: up to 1:200 Deposit: from 200 AUD Spreads:  low  low Location: Australia UK Germany Cyprus UAE Bahamas Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Qiwi Bpay POLi Think Markets Think Markets (2010) Leverage: up to 1:500 * Deposit: from 5 USD Spreads:  low  low Location: Australia UK South Africa Bermuda Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill Neteller BitPay Bpay POLi ActivTrades ActivTrades (2001) Leverage: up to 1:400 * Deposit: from 500 GBP Spreads:  mid  mid Location: UK Bahamas Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards PayPal Skrill Neteller Sofort Infinox Infinox (2009) Leverage: up to 1:30 Deposit: from 50 GBP Spreads:  mid  mid Location: UK Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 CQG Specific Social Platform FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller VantageFX VantageFX (2009) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Bpay POLi AstroPay IronFX IronFX (2010) Leverage: up to 1:1000 Deposit: from 100 USD Spreads:  mid  mid Location: Australia UK South Africa Bermuda Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay DotPay iForex iForex (2012) Leverage: up to 1:400 * Deposit: from 100 USD Spreads:  low  low Location: UK Cyprus British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web Specific Social Platform Wire Transfer Credit Cards Skrill Neteller Interactive Brokers Interactive Brokers (1978) Leverage: up to 1:50 * Deposit: from 20 USD Spreads:  mid  mid Location: Australia Canada US UK Singapore Hong Kong Japan Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web Specific Wire Transfer ETX Capital ETX Capital (1965) Leverage: up to 1:30 Deposit: from 100 USD Spreads:  low  low Location: UK Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: MetaTrader 4 Specific Wire Transfer Credit Cards Skrill Neteller UnionPay Trade Nation Trade Nation (2019) Leverage: up to 1:200 Deposit: from 10 USD Spreads:  low  low Location: Australia UK South Africa Bahamas Instruments: Currencies Indices Metals Energies Stocks Bonds Platforms: Web Specific Wire Transfer Credit Cards Skrill CXM Trading CXM Trading (2019) Leverage: up to 1:500 Deposit: from 2000 USD Spreads:  mid  mid Location: UK Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 Social Platform Wire Transfer Credit Cards UnionPay Bitcoin Ethereum Alipay VT Markets VT Markets (2016) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cayman Islands Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Tether Bpay POLi
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Who are FCA-Regulated Brokers?

FCA forex brokers are brokers that operate in the UK forex market, and who are authorized and regulated by the Financial Conduct Authority (FCA). The FCA is one of the two regulatory bodies which replaced the Financial Services Authority, with the other regulator overseeing the banking industry.

The FCA falls under the regulatory oversight of the European Securities and Markets Authority (ESMA). However, the current Brexit situation does not provide a lot of clarity as to whether this oversight will continue to hold once the Brexit process is concluded. We have until October 31 this year to find out what happens but until then, ESMA continues to oversee the FCA and all FCA-regulated brokers will have to comply with the provisions of ESMA’s regulations as well as those of the FCA.

Mandate for FCA-Regulated Forex Brokers

A lot of the talk about ESMA’s new rules for traders on UK broker platforms centers on the leverage caps imposed on all assets, but leaves out other important elements that were addressed by the new regulations. Some of these new rules which are actually positive for traders on UK forex platforms are addressed below.

A) Negative Balance Protection

One of the new rules that has been enacted has to do with the issue of negative balance protection, otherwise known as guaranteed stops fulfillment. During “force majeure” events or market moving news that create extreme market volatility, it is possible or slippage to occur to the extent where stop loss settings placed by traders cannot be fulfilled fast enough. At these times, prices can move against traders’ positions, take out stops and continue heedlessly to the point where the negative position starts to liquidate capital that was not even committed to trades. If this situation continues unabated, all the capital in the trading account can get consumed, sending the trader’s account into a negative balance situation. It is a bit like falling into a bottomless pit.

This situation happened in the first trading day after the September 11, 2001 attacks and also occurred in the hours following the de-pegging of the Swiss Franc from the Euro on January 15, 2015. Unable to cover the slippage-induced losses, traders and brokers alike lost money across the world. In the UK, the impact was felt hardest as Alpari UK, one of the biggest forex brokers in the region at the time, became insolvent overnight.

One of the proposals debated and adopted by ESMA in 2018 to prevent a recurrence of these events was the implementation of negative balance protection by all EU and FCA-regulated brokers. Traders were to be warned ahead of time about assets to be affected during high volatility events (such as the Brexit vote), with traders asked to increase their margins if they needed to trade those assets. Furthermore, it was decided by ESMA that all FCA-regulated brokerages would have to guarantee to close out trades at the set stops to prevent their clients from incurring negative balances. This is a huge plus for traders who use FCA-regulated brokers.

B) Standardized Risk Warnings

Another plus for traders on FCA-regulated platforms is that each broker is to boldly show standardized risk warnings and also publicize updated data on the percentage of traders that lose money on their platforms. Apart from reminding traders on the risks they face when they trade, this information also tells a trader at a glance, just which platforms are harder to make money on. It goes without saying that if a product is offered for sale across several platforms and traders are losing more money on some platforms than on others, then the logical step would be to trade on platforms where the loss rates are lower. For instance, FXOpen (an FCA-regulated broker listed on this site) has a standardized risk warning which says that 57% of its traders have lost money on its platforms in the most recent assessment. There are platforms where close to 80% of traders are losing money. When you look at what FXOpen provides in terms of tools and resources for trading, you would discover that these are tools that make it easier to trade successfully when applied correctly. This puts the loss percentage figures in perspective and they then start to make some sense as to why the figures are lower than the market average.

There are other rules which are applicable: no bonuses to incentivize trading as well as the increase in the margin stop out levels from 20% to 50%.

What Can Traders Expect from an FCA-Regulated Broker?

The FCA has been championing consumer protection in the UK forex market with an aggressive stance. The FCA was the regulator that first began implementing client fund segregation, at a time when other regulators were seemingly uninterested in the cause. The end product of this process is the emergence of FCA-regulated brokers that deliver consumer protection standards that are arguably unrivalled in the world.

Infographics: What can traders expect from an FCA-regulated broker?

Here's a detailed list of what you usually can expect when trading with FCA-regulated brokers:

A) Account Segregation

Client fund segregation has been at the center of the FCA’s customer protection program. This policy was put to the test when the Euro was de-pegged from the Swiss Franc by the Swiss National Bank. The market upheaval caused the collapse of Alpari UK, causing it to go insolvent in one night. As the brokerage went insolvent, segregated funds of traders remained unaffected and all traders eventually got their money back. The success of the FCA’s client capital segregation policy has led to this being adopted by other regulators across the world.

B) Investor Protection Fund

The FCA has initiated an investor protection fund known as the Financial Services Compensation Scheme (FSCS). This scheme was in place during the days of the FSA, but the compensation amounts have been increased and the compensation processes made more robust by the FCA. The funding for this scheme comes from mandatory contributions by all FCA-regulated brokers. This scheme was setup by the FCA to serve as the pool of funds from which investors who are aggrieved and found to have been shortchanged by their brokers after an FCA-mediated investigation, are compensated to the tune of 50,000 GBP. So if you operate a trading account with an FCA-regulated broker, you get access to this facility.

C) Negative Balance Protection

With the negative balance protection clause, all traders with FCA-regulated brokers can be sure that any losing trades would be closed out at the set stop losses without fear of incurring negative balances due to slippage.

D) Low Leverage

FCA-regulated brokers are bound by ESMA’s new regulations to provide low leverage, which is 1:30 for forex majors, 1:20 for forex minors, 1:5 for volatile assets such as stocks CFDs, and 1:2 for cryptocurrencies. In other words, it will be more expensive to trade on FCA-regulated brokers than elsewhere (except on EU platforms which operate under the same leverage restrictions).

E) No Phony Incentive Bonuses

Trading with an FCA-regulated forex broker means that you will not get any incentive bonuses at all. You are expected to come up with all the money to be used as capital.

F) Self-Check of Broker’s Standing

It is possible to check the status of any FCA-regulated broker by using the broker’s name on the online search register provided by the FCA.

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