This article will help you to find the best FCA-regulated broker in the UK. Check out the list below that was prepared based on our expertise and in-depth research.
Top 5 Forex Brokers with FCA Regulation:
- eToro
- Pepperstone
- XTB
- HF Markets
- Henyep Markets (HYCM
List of FCA Forex Brokers
| Broker's Name | More information | Quality Score | FCA reference nbr. | Minimum deposit | Trading Platforms | Our Review |
|---|---|---|---|---|---|---|
eToro |  46% of CFD retail investor accounts lose money. | 99% | 583263 | 50 USD | CopyTrader™ | Review |
Pepperstone |  72% of CFD retail investor accounts lose money. | 99% | 684312 | 200 GBP | cTrader, MT4. MT5 Metatrader TradingView | Review |
XTB |  70% of CFD retail investor accounts lose money. | 99% | 522157 | 1 GBP | xStation | Review |
HF Markets |  68.35% of CFD retail investor accounts lose money. | 98% | 801701 | 50 GBP | MetaTrader 4 MetaTrader 5 HFM Platform | Review |
HYCM |  72% of CFD retail accounts lose. | 85% | 186171 | 200 GBP | MT4, MT5, Webtrader | |
AvaTrade |  71% of CFD retail accounts lose. | 96% | 504072 | 100 GBP | Metatrader MT4, AvaOptions AvaGO | Review |
IG |  76% of CFD retail accounts lose. | 70% | 195355 | 100 GBP | MT4, Webtrader | |
CMC MARKETS |  73% of CFD retail accounts lose. | 70% | 173730 | 1000 GBP | MT4,Webtrader | |
SAXO Bank |  71% of CFD retail accounts lose. | 70% | 551422 | 10000 GBP | SaxoTrader GO, SaxoTrader PRO | |
ActivTrades |  76% of CFD retail accounts lose. | 70% | 434413 | 500 GBP | MT4, MT5, Webtrader | |
Plus500 |  77% of CFD retail investor accounts lose. | 46% | 509909 | 100 GBP | Webtrader | - |
Forex.com |  73% of CFD retail accounts lose. | 20% | 190864 | 100 GBP | MT4, MT5, Webtrader |
eToro – Best Social Trading Platform with FCA License
eToro is a social trading broker that has been in the business since 2008 and they claim to have over a million traders. eToro broker is considered very safe. It is regulated by Tier 1 regulators in the UK and Australia and several Tier 2 regulators. You can try free demo account with $10,000 virtual money. In the recent years eToro has introduced stocks trading with zero commision.
Most clients choose eToro for their unique social copy trading platform that allows them to automatically copy all trades of successful investors of their choice. Broker provides an access to over 2000 financial markets and instruments including foreign currency pairs, shares, cryptocurrencies, indices, commodities and ETF Exchange Traded Funds.
eToro clients can access eToro’s safe crypto wallet,
Pros
- CopyTrader feature that allows you to automatically copy successful traders
- Minimum deposit 100 USD
- Buy/Sell Real Stocks With ZERO Commission
- Proprietary crypto wallet
- 46 currency pairs, 60+ Cryptocurrencies, 1600 Shares
- Competitive forex spreads starting from 1 Pips
Cons
- US Dollar as the only base account currency
46% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pepperstone – Best FCA Forex Broker
Pepperstone has been awarded as the top-rated FCA-regulated forex and CFD broker.
Pepperstone broker is considered safe. This fx broker is regulated by several Tier 1 financial regulators. Company is headquartered in Melbourne Australia with offices in London. Pepperstone offers an access to a vast amount of financial instruments including 70+ Currency pairs, 100’s of CFDs on Shares, Spread betting for UK/Ireland clients, Commodities, Indices and Cryptocurrencies. It is an excellent choice for both beginners and advanced traders.
Pros
- Ultra Tight Forex Spreads
- Top platforms on the market: MetaTrader MT4, MT5, cTrader, WebTrader
- Broker regulated by FCA UK, ASIC Australia, BaFin Germany etc
- Offices in London UK
- GBP British Pound is account currency
- Minimum deposit £0 for UK traders
- 60+ currency pairs to choose from
Cons
- US clients are not accepted
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
#3 – XTB – Best FCA Regulated Stock/ETF Broker
XTB broker is authorised and regulated by the UK Financial Conduct Authority
XTB is a public company, their shares are listed on Warsaw Stock Exchange. Based on the countless user reviews this fca broker is very client oriented and therefore popular among the sophisticated traders and investors.
Pros
- xStation trading platform is very user friendly
- Strong focus on high quality education for clients
- Awarded as the Best CFD Broker of 2018 / 2019 / 2020
- Fast trade execution
- Buy/Sell Real Stocks With ZERO Commission
- Forex trading, CFD Cryptocurrencies, Real Stocks
- Minimum deposit 1 GBP
- 46 currency pairs available
- Competitive fees starting from 0,5 Pips
Cons
- Higher fees for stock CFDs
71% of CFD retail investor accounts lose money.
Frequently Asked Questions (FAQ)
Why Should I Trade with an FCA Licensed Broker ?
You should trade with an FCA because it is one of the strongest financial regulators in the world with a long-standing reputation for guaranteeing trader security.
What is FCA – Financial Conduct Authority?
The FCA (former FSA) stands for the “Financial Conduct Authority“, representing an important independent financial regulatory body in the United Kingdom. It is an official financial markets regulatory agency in the UK. It is based in London, UK and its main responsibility is to regulate and examine the operation of financial institutions incl. brokerages.
How to check if the forex broker is regulated by the FCA?
If you want to check whether a forex broker is FCA-regulated, search the firm’s name on the official FCA register and verify whether the legal name matches the name used on the broker’s website. If the broker does not appear in the register, or if you see signs of a “clone company” imitating a real brand, it may indicate a scam.
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