FCA Regulated Forex Brokers

The FCA (Financial Conduct Authority) is the new name of the FSA. Compare FCA regulated brokers and understand the steps they take to protect your funds:

#1

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FxPro (FxPro.com) is a global broker, winner of 60+ awards including "Best FX Provider" in the 2019, 2017 and 2016 Online Personal Wealth Awards.

• Currency pairs: 70+
• Markets: Commodities, Forex, Gold and metals, Indices, Oil, Shares
• Platforms: Copy trading, cTrader, MetaTrader 4, MetaTrader 5
• Regulators: Bahamas, CySEC, South Africa, UK
• Incorporated: 2006

• Accounts

MT4 Fixed - Instant Execution  ▷ MT4 Fixed - Instant Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on fixed spreads with instant execution. Spreads are fixed over certain time periods, but vary throughout the day. All EAs are allowed.
$500 deposit	1:500 leverage	1.6 pips EUR/USD	▷

FxPro cTrader  ▷ FxPro cTrader: Trade 70+ currency pairs, spot indices, energies and metals on razor-thin spreads with market execution. Run cAlgo algorithmic trading robots.
$500 deposit	1:500 leverage	0.3 pips EUR/USD	▷

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MT4 Floating - Instant Execution  ▷ MT4 Floating - Instant Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All EAs are allowed.
$500 deposit	1:500 leverage	1.4 pips EUR/USD	▷

MT5 Floating - Market Execution  ▷ MT5 Floating - Market Execution: Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All EAs are allowed.
$500 deposit	1:500 leverage	1.4 pips EUR/USD	▷

MT4 Floating - Market Execution  ▷ MT4 Floating - Market Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and market execution. All EAs are allowed.
$500 deposit	1:500 leverage	1.2 pips EUR/USD	▷

Risk warning ?

#2

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HotForex (HotForex.com) is an award winning Forex and commodity broker, providing trading services and platforms to both retail and institutional clients.

• Currency pairs: 47
• Markets: Commodities, Crypto-currencies, Forex, Gold and metals, Indices, Oil, Shares
• Platforms: Copy trading, Currenex, MetaTrader 4, MetaTrader 5, Mirror trading
• Regulators: CySEC, France, Germany, Mauritius, South Africa, UK
• Incorporated: 2010

• Accounts

Micro Account  ▷ Micro Account: Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for new traders, has smaller trading sizes and a lower initial deposit.
$5 deposit	1:1000 leverage	1.2 pips EUR/USD	▷

Premium Account  ▷ Premium Account: Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.
$100 deposit	1:400 leverage	1.2 pips EUR/USD	▷

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Islamic Account  ▷ Islamic Account: Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for Muslim clients, does not incur swap or rollover charges for holding...more ▷ Islamic Account: Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for Muslim clients, does not incur swap or rollover charges for holding positions overnight. Terms and conditions apply.
$100 deposit	1:400 leverage	1.2 pips EUR/USD	▷

#3

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Buy shares outright or trade CFDs on shares, indices, Forex, cryptocurrencies and more*. Connect with over 6 million other investors, follow or copy their trades in real-time on eToro.com.

• Currency pairs: 47
• Markets: Commodities, Crypto-currencies, Forex, Gold and metals, Indices, Oil, Shares
• Platforms: Copy trading, Mirror trading
• Regulators: Australia, CySEC, UK
• Incorporated: 2007

• Accounts

eToro Account  ▷ eToro Account: Trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with eToro. Get free and unlimited access to Forex trading courses and webinars.
$400 deposit	1:30 leverage	3 pips EUR/USD	▷

Islamic Account  ▷ Islamic Account: Trade 47 currency pairs, crypto-currencies, popular stocks, indices, gold and silver with no interest or commissions. Open an account online and request an Islamic account from your account manager.
$1000 deposit	1:30 leverage	3 pips EUR/USD	▷

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Premium Account  ▷ Premium Account: Get direct access to the trading desk 24/5, unique promotional offers, a special deposit bonus, expedited withdrawals and much more with a Premium account.
$20000 deposit	1:30 leverage	3 pips EUR/USD	▷

Risk warning ?

Opening an account with a broker regulated by the UK's Financial Conduct Authority (FCA) offers 2 levels of protection:

Protection under FCA Rules

Under FCA rules, brokers have an obligation to protect their clients' money and assets.

• FCA regulated brokers must place all money paid and owed to traders into separate bank accounts. These accounts should only contain client money and cannot co-mingle with the brokers' own funds. This process, known as segregation, must happen on a daily basis.
• The FCA requires that brokers establish a trust over these accounts. This prevents the bank from using funds in client money accounts to set off debts owed by the broker. In other words, the trusteeship protects your money in the event of bankruptcy.

However, account segregation alone cannot protect against fraud or criminal behaviour. In March 2012, WorldSpreads, a London-listed spread betting operator was wound down after the discovery of an alleged accounting fraud that left £13m missing from its clients' accounts. And in 2011, MF Global, a 228-year-old US brokerage firm, filed for bankruptcy after losing US$ 1.6 billion of its customers' money.

Financial Services Compensation Scheme (FSCS)

The FSCS provides another level of protection for customers of FCA regulated brokers. The FSCS is the UK's compensation fund of last resort and is the institution you can turn to for compensation if your broker is unable, or likely to be unable, to pay claims against it. This typically happens when it has stopped trading or has been declared in default.

Limits apply to how much compensation FSCS may be able to pay, and those limits vary between different types of financial products. The maximum levels of compensation for investments is £50,000 per person per firm.

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