Forex Brokers: Top Five FCA Regulated (UK Licensed) Brokers

Forex regulation is essential to protect investors

The regulation of financial services firms and the stability of UK financial markets are both tasks entrusted to the Financial Conduct Authority (FCA).

The FCA works with both retail and wholesale service providers to ensure appropriate behavior and to protect consumers from fraud.

Members of the financial services industry pay fees to cover the regulatory costs of companies that provide services to customers.

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Regulated Forex Brokers Offer Excellent Trading Conditions

FXTM is a licensed and well-regulated broker internationally, including the UK, South Africa, Belize, Cyprus and Mauritius, to name a few. They also have many accolades to their name.

There is a wide selection of financial instruments and derivatives to choose from at FXTM, including currency trading.

Regulation is important, especially when it comes to the world of finance

Advantages: Superb customer service; High maximum leverage; Excellent teaching tools.

The inconvenients: Inactivity and withdrawal fees; Limited product portfolio.

Features: Regulatory, CySEC, FCA, FSCA; Minimum deposit from $100; Average spread from 0.9 pips; No commissions; $3 deposit/withdrawal fee; Maximum leverage 1:500 on average; $300 trading bonus; 24/5 customer support.

More than 1000 financial instruments are offered by XM Global which was established in 2017 and covers Forex trading, CFDs on stocks and commodities and CFDs on stock indices.

MetaTrader 4 and MetaTrader 5, the two most widely used trading platforms, are available on XM live and demo accounts.

Advantages: Low minimum deposit; Complete educational offer; Simplified account opening process.

The inconvenients: Inactivity fee charged after 90 days on live accounts; Limited product portfolio.

Features: Regulatory, IFSC, ASIC, CySEC, FCA and DFSA; Minimum deposit from $5; Average spread from 0.1 pips; Commissions of

$3.5 commission per $100,000 traded; No deposit/withdrawal fees; Maximum leverage 1:30; $30 trading bonus; 24/5 customer support.

In 2006, AvaTrade was created. The broker is based in Dublin but they have offices all over the world.

At AvaTrade, you can trade over 250 different financial instruments, including over 60 different currency pairs, major stock indices, cryptocurrencies, commodities, bonds, individual stocks, and exchange-traded funds (ETFs). ).

Advantages: Wide range of negotiable instruments; MetaTrader 4 and 5 available; Excellent teaching resources.

The inconvenients: High EURUSD and inactivity fee.

Features: Regulatory, Central Bank of Ireland, MiFID, ASiC, BVI; Minimum deposit from $100; Average spread from 0.9 pips; No commission on Forex; No deposit/withdrawal fees; Maximum leverage 1:400; First deposit bonus; 24/5 customer support – multilingual.

Forex, cryptocurrency, stocks and indices are just some of the more than 120 financial instruments that can be traded on the Exness Group platform.

Exness Group’s monthly trading turnover is over $180 billion, with 15,000 new accounts registered every month and tens of thousands of traders actively trading with the broker.

Advantages: Well regulated; Tight spreads; Over 130 currency pairs.

Features: Regulatory, CySEC, FCA; Minimum deposit from $1; Average spread from 1.3 pips; Commissions from 3 USD and 10 USD for 1 lot for CFDs; No deposit/withdrawal fees; Maximum leverage 1:2000; +10% standard bonus program; 24/5 customer support – multilingual.

HotForex is headquartered in Cyprus and has offices around the world, including Dubai, South Africa, and St. Vincent and the Grenadines, an offshore jurisdiction.

Across six main trading accounts, HotForex offers traders access to over 150 trading instruments across the following markets: currency pairs, commodities, indices, stocks, bonds and cryptocurrency CFDs.

Advantages: No deposit or withdrawal fees; Competitive spreads.

The inconvenients: High commission charges on the Zero account.

Features: Regulatory, CySEC, DFSA, FCA, FSA, FSCA; Minimum deposit from $5; Average spread from 0.0 pips; Commissions from $0.03 per $1,000 lot; No deposit/withdrawal fees; Maximum leverage 1:1000; 100% supercharged bonus; 24/5 customer support.

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