The search for the best-licensed trading companies in the UK is occupied by Forex traders, whether citizens of Britain or those who reside in the United Kingdom! Currency exchange and Forex trading in the UK is very popular with Englishmen and residents of the Kingdom! Before any broker or Forex company is accepted to provide foreign exchange and CFD trading services in the UK they must first be licensed by the British Financial Conduct Authority (FCA), the UK's financial regulatory body, and therefore it is required that they be All Forex companies are licensed by that organization to be allowed to operate in Britain.
In this article, we will highlight how to trade Forex from the UK! And the rules regulating the work of brokerage firms in Britain and how to obtain a British license! More importantly, we will show you a list of the best-licensed trading companies in Britain so that you can choose between them if you want to trade Forex from the United Kingdom and are tired of looking for the best-licensed trading companies in Britain.
Financial Conduct Authority and licensed trading companies in Britain
The Financial Conduct Authority (FCA) is the UK's financial market regulatory body! It is a consumer watchdog that is funded by all regulated financial services companies including Forex brokers! The FCA is authorized exclusively to license and regulate UK financial entities! It is a reputable regulatory body that oversees Forex brokers in the UK! It works in cooperation with the Bank of England (BOE) and the Prudential Regulatory Authority (PRA).
FCA rules applicable to licensed UK trading companies
All Forex trading companies in Britain are required to adhere to the rules and regulations issued by the Financial Conduct Authority! The requirements of the Financial Conduct Authority comply with those rules issued by the laws of the European Union for Investment and the European Economic Area EEA and specifically those rules and regulations related to foreign exchange trading! The FCA regulatory framework ensures that all Forex brokers work for traders with a healthy trading environment! Preventing erroneous financial practices is a fundamental tenet of the goals behind the UK's Financial Conduct legislation! The provisions of the commission aim to prohibit fraud, fraud, violations and financial violations, as well as condemn the business of promoting fraudulently foreign exchange benefits and other false propaganda.
FCA takes full responsibility to protect clients from unscrupulous Forex brokers! All regulated brokers must comply with FCA regulations! By maintaining separate accounts for client funds and company funds! The commission also requires all regulated forex brokers to keep at least one million pounds sterling in its operating capital! This is based on the number of traders currently enrolled in their platform and deposits in their company accounts! Forex brokers must comply with these financial regulations to keep their TRA licenses in effect.
List of the best-licensed trading companies in Britain
The following list includes the best and most licensed trading companies in Britain! It was chosen based on several factors such as financial stability, quality of execution of transactions, and available trading platforms! When choosing from, one may think about the advantages and solutions available such as the available markets, implementation programs, and the competitiveness of spreads:
FXM Solutions: a global company with a long history in providing currency trading services, and is considered one of the best-licensed trading companies in Britain! It also features many different trading options! It provides several types of accounts, such as Islamic accounts, and it also provides the possibility to open a demo account! With her in order to experience their effective trading platforms.
City Index Company: City Index was founded in the United Kingdom in 1983! Forex trading is offered alongside CFDs and bets! It has a MetaTrader 4 platform with additional tools and features.
FxPro: Founded in 2006 and headquartered in London, FxPro is an online broker that offers foreign exchange trading alongside CFDs! They have trading platforms MetaTrader 4 and SeaTrader.
IG Markets: Founded in 1974 as a bookmaker, IG Index. The company offers trading in currency pairs, such as EUR / USD, AUD / USD and USD / JPY with spreads as low as 0.8 points
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