FCA Brokers – Invest in UK Regulated Binary Brokers

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Top 10 Best UK Regulated Forex Brokers 2020

Regulated forex brokers in the UK can be beneficial for a variety of reasons. Not only have many of the top forex brokers been in the business for a very long time, but the majority are also regulated by the prestigious Financial Conduct Authority (FCA), one of the world’s most reputable regulators.

This instills a great deal of trust and professional experience. In this article, we are going to show you the best forex brokers that are UK regulated.

However, before we start it should be mentioned that not all UK regulated forex brokers deliver the same top-notch service. In fact, some go the extra mile offering unbeatable customer service, access to a wide range of markets, and user-friendly technology.

Don’t just give in to the first forex brokers that are UK regulated, because there are plenty to choose from.

Additionally, it should be mentioned that not all FCA UK regulated forex brokers are based there. A number are based offshore but have plenty of business there and/or want to be recognized by organizations like the FCA.

The simple answer to this question is a resounding yes. All forex trading is legal in the UK under the FCA (Financial Conduct Authority) regulations. They are an independent body, established in 2020 to oversee the financial sector and compliance in the UK. They have quickly grown into one of the most reputed regulatory bodies in the world providing the very best protection for you as a forex trader.

How to trade forex in the UK

Trading forex in the UK is in fact not much different from getting started as a forex trader in many other parts of the world.

Typically, all top forex brokers will required the following from you in order to get started:

  • Proof of ID – Passport is usually best for this one.
  • Proof of Residence – A bank statement of utility bill dated within 3 months is usually fine for this purpose.

Once you have provided these documents to your UK broker, your account will typically be verified very quickly and often through automated systems. If there is any discrepancy then it may take the broker an additional day or two to complete the process, but then you will be ready to trade.

Top 10 Forex Brokers UK Listing for 2020

Here’s our list of the best British forex brokers:

1. IG Markets

One of the most established companies operating since 1974, IG Markets has amassed a lifetime of experience in trading. They are even recognized as one of the longest established CFD providers in UK. As of 2020, they boast a mighty number of 195,000 clients worldwide and access to over 16,000 markets. The broker are very well-regulated by the FCA (#195355) and provide a great selection of forex pairs, over 90 within their asset offering.

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Trading with IG Markets, beyond a trusted, and long standing reputation in the sector, you can get started with a reasonable minimum deposit at just £250 for traders based in the UK. Once you are trading you will also find a great value spread starting at just 0.6pips perfect for all types of trader. If you are into spread betting then this too is available to users within the UK at excellent rates.

  • Regulations: FCA, ASIC
  • Minimum deposit: $250
  • Platforms: MT4, L2 Dealer
  • InvestinGoal rank: 4.5/5

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether can afford to take the high risk of losing your money.

2. Pepperstone

Based in both the UK and Australia Pepperstone has won numerous awards since its formation in 2020. One of these prestigious awards includes first place for Risk Management in Australia in 2020. They are FCA regulated (#684312) and In terms of security, Pepperstone boasts its segregated funds system which means traders funds aren’t automatically mixed in with other traders funds in some big pile of money. Instead, funds are deposited into segregated client accounts with Barclays, one of the UK’s biggest banks.

With the broker you can access a wide range of social trading features where you can really benefit from the trades and knowledge of other platform users as well as trade for yourself through the Standard or ECN Razor account types. Pepperstone also stays very accessible with a minimum deposit starting at just £200 and a really fantastic spread from 0 pips and a rewarding active trader program.

  • Regulations: ASIC, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader,cAlgo
  • InvestinGoal rank: 4.8/5

76.5% of retail CFD accounts lose money

3. AvaTrade

AvaTrade is not FCA regulated, however, it is regulated in Ireland by the Central Bank of Ireland and by the FSC, the regulatory body of the British Virgin Islands. They are also regulated in Australia, Japan, and South Africa, and adhere to the Markets in Financial Instruments Directive, which provides traders with a good thick layer of protection. Additionally, AvaTrade are the official partners of Manchester City FC, one of the UK’s biggest football teams.

In all, they are a very well-trusted Irish broker and many are attracted by the fact that accounts can be opened from just $100 with a great spread betting account also available. They are also one of the few to provide fixed spreads to traders. These start from an excellent 0.9 pips across a wide range of assets available. These assets, including those available for spread betting in particular, number into the hundreds and include forex, commodities, indices, equities, bonds, and ETFs. An array of choice for all.

  • Regulations: SCB, FCA, FSB, CySEC, DFSA
  • Minimum deposit: $500
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.5/5

71% of retail CFD accounts lose money

4. XTB

XTB is perhaps one of the most highly regulated forex brokers in the world. They meet the regulatory standards of numerous countries aside from the UK where they are FCA regulated (#522157), and are proud of it. XTB also has offices in more than 10 countries, hold more than 14 years in the industry and use segregated accounts to store clients funds. During this time, they have received awards from Forbes and Bloomberg.

A very attractive point XTB holds for many traders is the fact that no minimum deposit is required. New traders in particular like that fact, and the ability to deposit with PayPal for a 2% fee makes them extremely accessible. Add to that the fact they have more than 1,500 assets to choose from including 48 forex pairs with spreads from 0.1pips and 25 crypto assets and you can easily see how they have established such a wide trader base.

  • Regulations: FCA, IFSC, KNF, CNMV
  • Minimum deposit: $250
  • Platforms: MT4, xStation5
  • InvestinGoal rank: 4.3/5

79% of retail CFD accounts lose money

5. Admiral Markets

Admiral Markets takes regulation very seriously. When you first open their page, you are immediately struck by a pop up showing you in what countries they are regulated. Admiral Markets also make it clear that not only do they also offer clients segregated accounts, they also adhere to the FSCS and have Negative Balance Protection in place as well as being FCA regulated (#595450).

Beyond this, they are one of the best known market maker brokers in the sector with a diverse choice of more than 4,000 assets to trade in that includes bonds, ETFs, and cryptocurrency. The fact that you can open an account with just $100 is an added attraction for all levels of trader. Once you are trading you can look forward to a packed educational section perfect for learning as a new trader, and spreads that start from 0 pips on forex providing the very best value.

  • Regulations: CySEC, ASIC, EFSA, FCA
  • Minimum deposit: $200
  • Platforms: MT4, MT5, cTrader
  • InvestinGoal rank: 4.2/5

84% of retail CFD accounts lose money

6. FxPro

FxPro is a London-based, FCA regulated (#509956) broker that is additionally regulated by CySEC and SCB, giving traders a high level of protection. In 2020, FxPro was voted ‘Best FX Broker’ by the Shares Awards and they are also the official main sponsor of Watford FC and official partner of the F1 McLaren team – two fairly big names in the sporting world. Additionally, FxPro were awarded ‘Most Trusted Forex Brand’ by Global Brands Magazine in 2020 as well as countless other accolades.

A minimum deposit starting from just £100 provides top value to all, in particular newer traders, and the broker also carries one of the best known spread betting platforms in the industry, FcPro Edge to appeal to that type of trader. On top of everything, you can benefit from excellent spreads starting at 0 pips, and fixed spreads available through the MT4 trading platform too.

  • Regulations: SCB, FCA, FSB, CySEC
  • Minimum deposit: $100
  • Platforms: MT4, MT5, cTrader
  • IG rank: 4.5/5

79% of retail CFD accounts lose money

7. FXTM

FXTM, or as it is otherwise known, ForexTime, was established in 2020. The company is young, but has gained a lot of respect and won a number of awards in a short period of time. FXTM’s reputation has managed to garner them more than 10,000 clients in 135 countries worldwide. Their demo account also lets you play around with $1,000,000, which is more than enough to test their platform to its absolute limits. They are of course FCA regulated (#777911) and provide a total of six account types to choose from.

Of these 6 account types, 3 are dedicated ECN accounts with extremely fast execution speeds. The broker is particularly popular among African traders, for whom they cater very well. That popularity is extended thanks to a very accessible minimum deposit starting at just £10 as well as extremely competitive spreads from 0 pips and a very rewarding loyalty program.

  • Regulations: CySEC, FCA, IFSC
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 3.9/5

90% of retail CFD accounts lose money

8. eToro

eToro is of course recognized as a global leader when it comes to social trading. They are the number one in this regard and one of the top brokers generally in the UK and worldwide. eToro are comprehensively regulated by the FCA (#583263), and are often one of the first choices for new traders entering the industry.

An affordable $200 minimum deposit is the first key to getting started with this household name. Prior to that you can hone your skills with an unlimited free demo account to get some practice in. Once you’re trading, you will experience one of the most user-friendly proprietary trading platforms in the business that is heralded by traders new and experienced alike. Only the USD base currency is supported so you may incur a small conversion fee, but the services and rewarding eToro Club more than make up for this, with a host of great markets available.

  • Regulations: CySec, FCA, ASIC
  • Minimum deposit: $200
  • Platforms: Proprietary
  • InvestinGoal rank: 4.5/5

62% of retail CFD accounts lose money

Next on our list of top UK brokers is another huge international broker in the shape of XM. They are well-regulated not only by the FCA (#705428), but also by CySEC and are very much a trusted name at the heart of the industry around the world. New traders as well as experienced traders are really attracted to XM thanks in part to a very reasonable $5 minimum deposit to get started.

Unbeatable spreads too are offered at XM from 0 pips on the Zero Spread account which can be opened with only $100. They also cater very well to Islamic traders with a swap-free account, and support the journey of those new to the industry on every step with a packed educational section and unlimited free demo account to practice with. These are some of the many reasons why XM remains a top UK and global forex broker choice.

  • Regulations: ASIC, CySEC, IFSC
  • Minimum deposit: $5
  • Platforms: MT4, MT5
  • InvestinGoal rank: 4/5

69.75% of retail CFD accounts lose money

10. Oanda

Last on our listing of top UK brokers but still up there with the best, is Oanda. Like the others, they too are very well-regulated by the FCA (#542574), and are another much chosen pick for new and experienced traders alike. They too are highly experienced and trusted, having been in the industry since 1996.

Trading here you will find the most competitive of trade opening requirements from £1 that keeps trading available to all, though there is no minimum deposit required. There is a vast range of markets to choose from with something for all levels and types of trader, and the spreads also remain competitive starting from 1 pips with the option to try spread betting if you are interested. This combination of features and trusted reputation has helped Oanda remain at the head of the industry for decades.

  • Regulations: CFTC, DFSA, IIROC, MAS, NFA, FSA
  • Minimum deposit: $1
  • Platforms: Oanda Platform
  • InvestinGoal rank: 4.1/5

77% of retail CFD accounts lose money

British trader? Here’s what to look for in a forex broker

There are a few important key points to note if you are a British trader and choosing an FCA regulated broker regarding what is permitted and not in terms of the regulation. The FCA are well-known as one of the more stringent in terms of the rules they apply, though this is ultimately for your benefit and protection.

The first thing to keep in mind is related to leverage. Under FCA regulation like CySEC and ESMA brokers, this is capped at 30:1 for no professional traders. As a professional you can access as much as 400:1 leverage if you meet the criteria to qualify as a professional trader.

Unlike some other regulators though, the FCA do permit spread betting, so if this is something that interests you, then an FCA regulated broker could be the right choice. They do also ensure negative balance protection is offered to all traders and that all funds are held in segregated accounts. A further protective measure comes from the ICF (Investor Compensation Fund). They will cover up to £85,000 in losses due to bankruptcy or insolvency of your broker.

With those points in mind, here are three key things you should be mindful of when choosing a broker:

1. Look for UK regulated forex brokers

Regulation is vital. When choosing a UK forex broker, you should really be looking no further than choosing an FCA regulated broker as your first choice, since they are the most respected regulatory body in the region who will offer you the most protection as a trader.

2. Minimum trade size is important

When trading forex you should always have a look at the minimum trade size associated with your broker. In many cases, with a leverage of 30:1, you would need a minimum of £33 in order to open a position trading on a micro lot. In that case, you should aim to deposit more in order to have the best trading experience.

With that said, there are usually brokers who offer trading with a deposit as low as £10. So, take into account your intended deposit and find a broker that matches this need.

3. Are you into Betting and Trading? Try Spread Betting

Remembering that spread betting is legal in the UK and Ireland, if you are interested in trying this, then you should choose a broker that makes it available with a user-friendly trading platform. It is tax-free but known as being quite a risky trading strategy. If it interests you though, you should certainly check our listing of the best spread betting forex brokers to choose one.

How to verify if a forex broker is regulated in the UK

Of course, when you choose a regulated broker, you should take a moment to verify that regulation for yourself. This can be easily done for most UK forex brokers through visiting the FCA official website. Once you are there you can look for the FCA register and look for the company name of the broker (which often differs from the broker’s name). This company name can usually be found at the bottom of your broker homepage.

Is forex trading taxable in the UK?

Yes, forex trading is taxable in the UK. With that said, there are a number of categories. If your earnings fall below £12,500 then you will not have to pay any taxes. From there though, a capital gains tax of 10% on amounts up to £50,000, and 20% on amounts over £50,000 applies.

  • We are not professional tax advisors, thus we strongly suggest you contacting local authorities if you don’t know how to manage this aspect

25 Best UK Forex Brokers for 2020

The ForexBrokers.com annual forex broker review (four years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in the United Kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by the Financial Conduct Authority (FCA), which is the financial regulatory body in the UK. The FCA’s website is FCA.org.uk. We recommend UK residents also follow the FCA on twitter, @TheFCA.

The FCA was formed out of the Financial Services Act of 2020, effectively replacing its predecessor, the Financial Services Authority (FSA). For a historical breakdown, here’s a link to Financial Conduct Authority webpage on Wikipedia.

Best UK Forex Brokers for 2020

To find the best forex brokers in the UK, we created a list of all FCA authorised brokers, then ranked brokers by their Trust Score. Here is our list of the top UK forex brokers.

  • IG – Best Overall Broker 2020
  • Plus500 – Best for beginners overall
  • CMC Markets – Best web platform, most currency pairs
  • Swissquote – Best banking services
  • Saxo Bank – Best VIP client experience
  • FOREX.com – Great platforms and pricing
  • City Index – Excellent all around offering
  • FXCM – Well-rounded offering
  • XTB – Best customer service, great platform

Best Forex Brokers UK Comparison

Compare UK authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm’s ForexBrokers.com Trust Score.

Forex Broker Accepts GB Residents Authorised or Regulated by the FCA Average Spread EUR/USD – Standard Minimum Initial Deposit Trust Score Overall Visit Site
IG Yes Yes 0.700 £250.00 99 5 Stars Visit Site
Plus500 Yes Yes 0.600 €100 99 4 Stars N/A
CMC Markets Yes Yes 0.810 $0.00 99 5 Stars N/A
Swissquote Yes Yes N/A $1000.00 99 4 Stars Visit Site
Saxo Bank Yes Yes 0.600 $10,000.00 98 5 Stars Visit Site
FOREX.com Yes Yes 1.00 $50.00 93 4.5 Stars Visit Site
City Index Yes Yes 0.800 £50.00 93 4.5 Stars Visit Site
FXCM Yes Yes 1.300 £300 92 4.5 Stars N/A
XTB Yes Yes 0.780 $0.00 92 4.5 Stars Visit Site
eToro Yes Yes 3.00 $200 91 4 Stars N/A
HYCM Yes Yes N/A $100 84 3.5 Stars N/A
Pepperstone Yes Yes 1.130 $200.00 83 4 Stars Visit Site
XM Group Yes Yes 1.600 $5-100 81 4 Stars Visit Site
ThinkMarkets Yes Yes N/A $250.00 79 3.5 Stars Visit Site
Vantage FX Yes Yes 1.400 $100 79 3.5 Stars N/A
ForexTime Yes Yes 0.80 $100 70 3.5 Stars Visit Site
easyMarkets Yes 0.900 $100.00 81 3.5 Stars Visit Site
IC Markets Yes 1.100 $200 73 4 Stars Visit Site
Alpari Yes 0.92 $100.00 69 3.5 Stars Visit Site
Instaforex Yes N/A $1 69 3 Stars Visit Site
UFX Yes 3.00 $100 66 3.5 Stars N/A
iTrader Yes 0.700 $250 66 3 Stars Visit Site
FX Choice Yes N/A $100 54 2.5 Stars Visit Site

How to Verfiy FCA Authorisation

To identify if a forex broker is licensed to operate in the United Kingdom (UK), the first step is to identify the register number from the disclosure text at the bottom of the broker’s UK homepage. For example, here’s the key disclosure text from IG’s website,

Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.”

Next, look up the firm on the FCA website to validate the register number is, in fact, legitimate. Here is the official FCA page for IG Markets Limited.

More Forex Guides

Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

IG – 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA – CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Advertiser Disclosure: ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokers.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

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FCA Regulated Forex Brokers

The FCA stands for the Financial Conduct Authority. This is the organization which replaced the Financial Services Authority (FSA) as the regulatory body which oversees and regulates the activities of forex brokers operating in the United Kingdom.

As the name implied, the FSA was responsible for the regulation of all financial services in the UK, and this description included regulation of banks, forex brokerages, insurance companies, and other associated institutions. The FCA was thus born out of the desire to fragment the FSA’s job and provide for more unique regulatory function and better management of the process of regulating forex brokerages. Thus, the FCA is now specifically in charge of the regulation of forex brokers in the UK, while the regulation of banks and insurance companies has been taken over by another succeeding agency (Prudential Regulatory Authority).

FCA Regulated Forex Brokers 2020:

We have put out a comparison table on who we feel are the best FCA regulated brokers. However, it is good to study this article very well just in case you are given a cold call from a broker claiming to be a FCA regulated broker. Lately, many unscrupulous elements have attempted to clone websites of FCA regulated brokers, and the FCA has issued plenty of warnings in 2020. DO not get caught out.

About the Regulator

The Financial Conduct Authority (FCA) supervises and regulates the conduct of over 50,000 firms not covered by the Prudential Regulation Authority, including forex brokerages. The FCA is mandated to intervene when forex brokerage firms do the following:

a) treat consumers unfairly

b) behave in ways that risk the integrity of the market

The FCA’s mandate includes regulation, investigation of complaints and enforcement of the laws regarding broker infractions. In particular, two components of the FCA’s regulation which are meant to increase client protection are:

– Account segregation, which mandates that brokers must place funds belonging to clients in an account which is totally separate from the company’s accounts which house operational funds.

– The Financial Services Compensation Scheme (FSCS) which is a scheme to provide full refund of trading capital up to 30,000 pounds, and 90% protection for account capital up to 20,000 pounds, in the case of broker bankruptcy.

Guidelines for FCA Regulated Brokers

The Financial Conduct Authority has put in place certain guidelines to ensure that brokers it regulates comply with best industry practices.

a) FCA has what it calls the “best execution” policy, where the broker is expected to shop for the best possible deal as the counterparty on behalf of its clients. FXCM was fined by the FCA for withholding profits accruable from favorable slippage to its clients, while it passed along the full cost of losses from unfavorable slippages to clients. This practice of asymmetrical slippage contravenes FCA rules on best execution, which states among other things that “positive price movements between the submission of an order and its execution are passed on to the client, and that firms are not seeking to retain any slippage in the clients’ favor”.

b) The guidelines on sequestration of clients’ trading funds are being enforced now more than ever before.

c) FCA regulated brokers are required to submit periodic reports to the FCA with certain data such as their capitalization, value of segregated clients’ funds, etc. Lack of transparency or withholding of information from the FCA is usually penalized heavily.

The measures mentioned above serve as effective client protection in case anything goes wrong on the side of the broker. Traders who use these FCA regulated brokers can therefore be sure of getting at least the protections account segregation and financial compensation from the FSCS.

Confirming the Standing of a FCA Regulated Broker

The FCA maintains a register known as the Financial Services Register. This register is a record of all firms, individuals and other entities that are regulated by the FCA. It has information regarding firms that are registered with the FCA to conduct regulated activities or to provide regulated products. FCA regulated forex brokers therefore fall into this category.

As a trader, if you want to find out the status of each broker, you need to understand how to search the register on the status of the FCA regulated brokers. Each status has specific terms attached to it to describe what it means. The “status” of FCA regulated brokers can thus be described as follows:

There are several terms used on the Financial Services Register to describe a firm’s status. This can help you find out what sort of firm you are dealing with and how you might be protected if things go wrong.

a) Appointed representative

This describes a firm that may be acting on behalf of an authorized firm (the principal). The activities of the appointed representative have to be accounted for by the principal.

b) Appointed representative – former

A firm is no longer allowed to carry out business that we regulate.

A firm that the FCA has authorized to carry out regulated activities in the forex and other markets.

d) Authorized – applied to cancel

This refers to a previously authorized firm that has applied to cancel its previously issued authorization. Usually such a firm must have ceased regulated activities six months prior to the application.

e) Authorized – in liquidation

A firm in liquidation intends to stop doing business in the future or has already stopped.

f) Authorized – suspended

A firm is still authorized by the FCA but has been suspended all of its permissions for a period of time.

g) No longer authorized

A firm with this label is no longer allowed to carry out certain types of business that the FCA regulates.

More About Adam

Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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