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, however, the company should be registered and fully complied with particular UK regulations.
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.
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.
For a UK based trader, the best option is to look for brokers which are regulated by the UK regulatory authorities. In the UK, the relevant financial authority for the forex trading industry is the Financial Conduct Authority (FCA). The FCA is an independent body from the UK’s government. It is financed by the membership fees collected from the members that it has oversight over. Brokers under the FCA’s jurisdiction are required to show a minimum of 1 million in operating capital and this number increases as the number of traders increases.
Foundation Year – 2011
Minimum Deposit – $10
Headquarters – FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol
Foundation Year – 2011
Minimum Deposit – $500
Headquarters – 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène
Foundation Year – 2010
Minimum Deposit – $500
Headquarters – 13/14 Basinghall Street, City of London, EC2V 5BQ
Foundation Year – 1996
Minimum Deposit – $500
Headquarters – 5 North Buckner Squar Olde Towne Sandyport, Sandyport Marina
Foundation Year – 2006
Minimum Deposit – $200
Headquarters – 16 Finsbury Circus, London, EC2M, United Kingdom
Foundation Year – 2009
Minimum Deposit – $5
Headquarters – Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
Foundation Year – 2016
Minimum Deposit – $250
Headquarters – 2 Sofouli Street, Chanteclair Building, 6th Floor, Office 602, Nicosia
Foundation Year – 2010
Minimum Deposit – $50
Headquarters – Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent
Foundation Year – 2009
Minimum Deposit – $5
Headquarters – 36, Makariou & Agias Elenis, ‘Galaxias’ Building, 5th floor,1061, Nicosia
