FSA UK brokers | FSA UK regulated Forex brokersThe list of FSA UK registered and regulated brokers:FSA UK registry contains Authorised and EEA Authorised brokers. Authorised
- is a FSA UK regulated broker. A firm that FSA UK has given permission to carry out regulated activities. EEA Authorised
- is a broker that's been registered with FSA UK, but is regulated in its home country. The EEA Authorised status is given to firms that are authorised in another European Economic Area (EEA) state and been given a "passport" by FSA UK to provide cross border services to UK citizens according to MIFID. These firms are regulated in their home country, and not by FSA UK, although must comply with standards agreed across all EEA countries. Note from FSA UK site, quote: Do you know another Forex broker who is registered with FSA in UK? About FSA (UK)The Financial Services Authority (FSA) is an independent body, a single regulator of all providers of financial services in the United Kingdom. The FSA regulates most financial services markets, exchanges and firms. It sets the standards that must be met and can take action against firms if they fail to meet the required standards. Update: On April 1, 2013 the FSA UK has become two separate regulatory authorities: The Financial Conduct Authority (www.fca.org.uk) and the Prudential Regulation Authority (www.bankofengland.co.uk). Requirements for FSA regulated brokersForex brokers regulated by the FSA are required to meet a number of industry standards and requirements, in particular:
What does this mean for a retail Forex trader?In plain language, this means a higher protection of investments for any individual Forex trader. Investors protection: the Compensation SchemeShould the company go out of business and face liquidation, its clients are covered by the Financial Services Compensation Scheme (FSCS) - the UK's statutory fund of last resort for customers of authorized financial services firms. This means that the FSCS can pay compensation if a firm is unable, or likely to be unable, to pay claims against it. Concerning the Forex market, the compensation limits are set as follows: Clients receive 100% the first £30,000 + 90% of the next £20,000, but no more than £48,000 in total. You’ll find compensation limits on this of FSCS - Investment limits. To check if a broker is registered with FSA UK use FSA Register. Copyright © 100forexbrokers.com | All Rights Reserved |
trader
October 24, 2009One financial - www.onecfd.com
BrokerGuru
October 24, 2009Yes, CFDs broker.
Thank you.
Update: One Financial already offers Forex.
trader
November 3, 2009Forex Capital Markets Ltd. FSA #217689
BrokerGuru
November 4, 2009Thank you!
Listed them.
trader
December 14, 2009Can you help with the list, US Brokers that also FSA member ? ( that allow hedging & non FIFO rule ?)
Thanks!
BrokerGuru
December 15, 2009These brokers are:
CMS Forex
Finotec Trading
FX Solutions
FXCM
GFT - Global Forex Trading
to be able to hedge and avoid FIFO rule, you would need to open an account with their UK branch.
trader
January 6, 2010InvestTechFx.com Review
Overall Rating: (2.050) investtech fx | investtechfx.com reviews and ratings from Forex Peace Army
Total Reviews: 27
Last Updated: 2010-01-01
Special Notes:
WARNING: 2009-12-17. The FPA has received a number of complaints about traders having withdrawal issues from InvestTechFx. The FPA has tried to contact investtech about this issue, and is only now getting limited responses.
We advise extreme caution dealing with this company until these issues can be resolved. We recommend against placing any money with a broker when there are questions about if you will be able to withdraw it.
trader
January 8, 2010you can hedge @ One Financial http://www.onecfd.com/
trader
January 18, 2010The NFA Regulated companies have their financial info in net like this
http://www.cftc.gov/stellent/groups/public/@financialdataforfcms/documen...
question - is the same info available for FSA Regulated brokers?
BrokerGuru
January 18, 2010I haven't met such info.
The only way is to use their Search if you want to check a broker: http://www.fsa.gov.uk/register/home.do
trader
January 19, 2010Raphaels Bank offer a fantastic service for CFX, FSA Reg
BrokerGuru
January 19, 2010Thank you,
Raphaels Bank is added to the FSA listing.
They have, however, an old FSA registration number on their website, which seems to be no longer valid. Instead there is a new one to list.
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