financial-conduct-authorityThe Financial Conduct Authority (FCA)  is a quasi-governmental agency in the United Kingdom, formed as one of the successors to the Financial Services Authority (FSA). It regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. It is to focus on the regulation of conduct by both retail and wholesale financial services firms. Like its predecessor the FSA, the FCA is structured as a company limited by guarantee.

Unlike offshore companies, FSA regulated brokers can’t spend clients’ money to cover their expenses. They must keep all clients funds in segregated accounts with bank, approved by FSA.

If a FSA regulated broker go bancrupt, its clients are covered by the Financial Services Compensation Scheme (FSCS). Forex traders are entitled to receive 100% the first £30,000 + 90% of the next £20,000, but no more than £48,000 in total.

The authority has significant powers, including the power to regulate conduct related to the marketing of financial products. It is able to specify minimum standards and to place requirements on products. It has the power to investigate organisation and individuals.

In addition, the FCA is able to ban financial products for up to a year while considering an indefinite ban; it will have the power to instruct firms to immediately retract or modify promotions which it finds to be misleading, and to publish such decisions.

Below is the list of FSA Regulated Forex Brokers:

Broker Bonus Rating Review Open Account
Plus500 Get €25 to start trading. T&Cs Apply 5.0 Review Visit Broker
XM 30% Bonus up to $10,000 4.7 Review Visit Broker
 IronFX Global UK 20% or 100% 4.5 Review Visit Broker
HY Markets 4.4 Review Visit Broker
FxNet 15% Rescue Bonus or 50% Margin Bonus 4.4 Review Visit Broker
ForexTime 200% rebate up to $10000 on your deposit 4.4 Review Visit Broker
FX Pro 4.3 Review Visit Broker
FXCM 4.3 Review Visit Broker
Alpari Get Up To $4,000 for Depositing over $1,000 4.3 Review Visit Broker
YouTradeFX Deposit Over $1,000 Within 48 Hours and Get a 50% Bonus!!! 4.2 Review Visit Broker
InterTrader Up to £1,000 in trading resources on MT4 when you deposit over £500. T&Cs apply 4.2 Review Visit Broker
Vantagefx 4.1 Review Visit Broker
GFT 5% bonus for new Account 4.1 Review Visit Broker
FX Solutions Get $3 For Every Traded Standard Lot 4.1 Review Visit Broker
Capital Spreads £100 for Every New Client Referred 4.1 Review Visit Broker
CMC Markets 4.1 Review Visit Broker
Real Forex 4.0 Review Visit Broker
Oanda 4.0 Review Visit Broker
ActivTrades 4., Review Visit Broker
Forex4You Deposit bonus up tp 50% 3.9 Review Visit Broker
HotSpot FX 3.9 Review Visit Broker
ICM Capital 10% bonus on all Account 3.8 Review Visit Broker
HotForex Refer a Friend and get up to $200 Referral Reward 3.8 Review Visit Broker
Finotec Refer a Friend and Get Up to $300 3.7 Review Visit Broker
CMS Forex 3.5 Review Visit Broker
MB Trading 3.5 Review Visit Broker
Interactive Brokers 3.5 Review Visit Broker
TradeNext 3.5 Review Visit Broker
Hirose UK 3.5 Review Visit Broker
SVSFX 3.5 Review Visit Broker
DF Markets 3.4 Review Visit Broker
Forex.com Bonus for First Deposit 3.4 Review Visit Broker
FXPulp 3.4 Review Visit Broker
Abshire Smith 3.4 Review Visit Broker
DeltaStock €150 No Deposit Welcome Bonus 3.3 Review Visit Broker
IG Markets 3.3 Review Visit Broker
FXDD 3.2 Review Visit Broker
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