FSA brokers | FSA regulated Forex brokers




The list of FSA registered brokers:


ActivTrades
Alpari UK
Azurite Markets
Capital Forex Pro
CFH Markets
City Credit Capital
City Index Limited
CMC Markets UK
CMS Forex UK
Deltastock
E*TRADE
Finotec Trading UK
FOREX.COM UK
FX Solutions UK
FXCM
FXPRO Financial Services
FxPulp
GFC Markets
GFT Global Markets UK
HY Markets
ICAP
IG Markets
London Capital Group
MF Global UK
Moneycorp Markets
ODL Securities
One Financial
Raphaels Bank
RBS - Royal Bank of Scotland
Saxo Bank
Sucden Financial Limited
TADAWUL FX
Windsor brokers

Do you know another Forex broker who is registered with FSA in UK?
Please suggest by adding a comment below.

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.
The Financial Services Authority regulates financial services in the UK since December 2001.

Requirements for FSA regulated brokers

Forex brokers regulated by the FSA are required to meet a number of industry standards and requirements, in particular:

  • Ensure about the quality of the bank in which clients funds will be held, and, more over, continue to monitor that quality to be
    able to fulfill own regulatory obligations. The bank must be approved by FSA.
  • Keep client funds separate from company funds, in other words, segregate clients’ deposits, which at no point can be treated
    and used as company assets including the situation when the company becomes insolvent.
  • Submit financial reports to the FSA on the regular basis and undergo detail annual audit etc.

What does this mean for a retail Forex trader?

In plain language, this means a higher protection of investments for any individual Forex trader.
By being obliged to keep client funds on a segregated account, a FSA regulated broker cannot use clients’ funds to cover own needs, expenses and risks as well as utilise those funds in case of the bankruptcy.
All money received form depositors are treated as "Client money" under FSA client money rules.
These rules form one of the most important parts of the UK financial regulatory system related to consumers - they protect consumers in the event of the failure of a FSA regulated company. If a FSA regulated company fails to meet its financial obligations, a liquidator would not be able to use clients’ money to meet claims of general creditors of the failed company. Clients’ funds can only be used to pay out compensation to clients who held deposits with that company.

Investors protection: the Compensation Scheme

Should 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 Page 11 of FSCS guide.
Another point, the FSA regulations do not require to open a separate segregated account for each client. It is enough to have one Client account for all investors, which will be fenced from the Company account. Concerning general clients’ funds protection there is no major difference. Large investors might be able to negotiate a separate segregated account under their name with Forex brokers on individual basis.

To check if a broker is registered with FSA UK use FSA Register.

Copyright © 100forexbrokers.com | All Rights Reserved



Broker discussion area

trader

October 24, 2009

One financial - www.onecfd.com


BrokerGuru

October 24, 2009

Yes, CFDs broker.
Thank you.

Update: One Financial already offers Forex.


trader

November 3, 2009

Forex Capital Markets Ltd. FSA #217689


BrokerGuru

November 4, 2009

Thank you!
Listed them.


trader

December 14, 2009

Can you help with the list, US Brokers that also FSA member ? ( that allow hedging & non FIFO rule ?)
Thanks!


BrokerGuru

December 15, 2009

These 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, 2010

InvestTechFx.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, 2010

you can hedge @ One Financial http://www.onecfd.com/


trader

January 18, 2010

The 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, 2010

I 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, 2010

Raphaels Bank offer a fantastic service for CFX, FSA Reg


BrokerGuru

January 19, 2010

Thank 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.



Write your comment or a review!