First of all the United Kingdom is known financial center and world economy hub, has always been a trusted location to conduct European businesses and currently presents a significant number of large Forex Brokers. The companies who would like to establish the branch in the UK attracted to provide its services among the popular destinations, the company should be fully complied with UK regulations.
UK Forex Brokers Regulation
FCA – Financial Conduct Authority
The UK only authority that oversees the financial operations is the Financial Conduct Authority (FCA) which operates the mission to supervise the financial investment activities along with brokerage houses, exchanges or other parties and to ensure the financial markets work properly. Among the numerous requirements in regards to operations, the applied regulation provides a safe trading environment to the investors, which supply all clients who trade with UK Forex Brokers by clear state.
FSCS – Financial Service Compensation Scheme
The regulated brokers are obliged to keep investor’s funds with trusted banks while funds have to be segregated from the company ones at all times. Furthermore, the money safety guaranteed by the FSCS (Financial Service Compensation Scheme) that guarantees investments in case of the authorized company insolvency up to £50,000 per client.
UK Forex Brokers
MultiBank Group
MultiBank Group was established in California, USA, in 2005. Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million.
- Deposit : 50 US dollars
- Leverage : 1:500
- Regulation : ASIC, AUSTRAC, BAFIN, CIMA, ESCA, FSC, FMA, HKCE, MAS, TFG and VFSC
- Trading Products : Forex, Shares, Stocks, Gold, Oil, CFDs
- Trading Platforms : MT4 & MT5 Platform
CAPEX
CAPEX.com is a brand established in 2016 with the goal of transforming the way people trade online. Multi-licensed fintech brokerage CAPEX expands product range, offering share dealing on more than 5000 shares from top global stock exchanges – exclusive pre-launch promotion gives the first 1000 investors 0-commission for 1 month.
- Deposit : 100 US dollars
- Leverage : 1:30
- Regulation : CySEC, BaFin, CONSOB, CNMV, KNF
- Trading Products : CFDs on Forex, Shares, Indices, Bonds, ETFs, and Commodities
- Trading Platforms : MT4 & MT5 Platform
OctaFX
OctaFX is a brokerage company founded in 2011 in Saint Vincent and the Grenadines on the Caribbean islands. Since established, OctaFX is home to more than 6 million trading accounts. It continues to gain market share with its swap-free offering plus generous bonuses and incentives.
- Deposit : 5 US dollars
- Leverage : 1:500
- Regulation : IFSC
- Trading Products : CFDs on Forex, Shares, Indices, Bonds, ETFs, and Commodities
- Trading Platforms : MT4, MT5 & cTrader Platform
LCG (London Capital Group)
LCG is publicly listed in London. LCG has over 20 years of experience in the trading industry and we are one of the leading CFD providers. LCG is committed to providing competitive prices, advanced technology and a professional service for all types of traders.
- Deposit : 5 US dollars
- Leverage : 1:500
- Regulation : IFSC
- Trading Products : CFDs on Forex, Shares, Indices, Bonds, ETFs, and Commodities
- Trading Platforms : MT4, LCG Trader
XM Group
With over 5,000,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader. XM is currently built of more than 600 professionals with long-year experience in the financial industry.
- Deposit : 5 US dollars
- Leverage : 1:1000
- Regulation : FSC license 000261/309
- Trading Products : Currency trading, along with CFDs, equity indices, precious metals, and energies.
- Trading Platforms : MT4, MT5
FXTM
Over 2 million traders worldwide cooperate with ForexTime (FXTM). The minimum deposit on the Micro account is $10, which allows novice traders to master the basics of trading and study the operational principles of the Forex market with comfort and without large investments.
- Deposit : 10 US dollars
- Leverage : 1:2000
- Regulation : CySEC, FSCA, FCA, FSC Mauritius
- Trading Products : Currency pairs, precious metals, CFD contracts on stocks, commodities, and indices
- Trading Platforms : MT4, MT5
