Abstract:The FCA license is rated AAA. And a broker that holds an FCA license is more trustworthy than unregulated brokers. Today’s article is going to take a special look at the world’s best brokers regulated by the FCA, helping you find brokers you want to invest in.
About FCA
The Financial Conduct Authority (FCA) is a financial regulatory body in the UK, but operates independently of the UK government, and is financial by charging fees to members of the financial services industry.
WikiFX lists six forex brokers that are regulated by FCA. And their reliability is ensured.
FOREX.com is the leading global retail online trading brand of Gain Capital, owned by NASDAQ-listed StoneX Group Inc. Founded in 1999, this company has developed into a global leader in online trading and operates through its regulated subsidiaries in seven major financial jurisdictions around the world, including the Financial Conduct Authority (FCA). OREX.com allow investors to trade a wide range of trading asset classes, including Forex, Spot Precious Metals, Global stock indices, China stock index, Commodity, and the US & Hong Kong CFDs
FXCM
FXCM presents itself as a leading international provider of online forex trading, CFD trading, and related services. Founded in 1999 and headquartered in London, UK, the company's mission is to give traders around the world access to the world's largest and most liquid markets by providing innovative trading tools, employing talented trading mentors, meeting strict financial standards, and striving to provide the best online trading experience in the market. FXCM is currently authorized and regulated by two tier-one regulators: FXCM AUSTRALIA PTY. LIMITED, authorized and regulated by the Financial Conduct Authority (FCA)
FXTM
Founded in 2011, FXTM is an online forex broker, providing services for foreign exchange, indices, commodities, and more financial instruments. FXTM is regulated in multiple jurisdictions worldwide, with offices in Europe, the Middle East, Africa, Asia, and Latin America, attracting over 2 million clients from over 150 countries worldwide.
Concerning regulation, FOREXTIME LIMITED is regulated by the Financial Conduct Authority (FCA) in the UK (Reg. No. 777911).
SAXO
Founded in 1992, the Saxo Bank launched its first online trading platform in 1998, providing traders with professional-grade tools and access to multi-asset markets. Saxo Group serves clients in over 120 countries, manages $16 billion in assets, and processes over 125,000 trades per day to date. The headquarter of Saxo Bank is located in Copenhagen while the organization operates in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Sydney, Hong Kong, and Tokyo, and Saxo Bank is licensed by several regulators globally.
IG
IG is the trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). IG was founded in 1974 in London, U.K. is the world's first broker to actually built the concept of financial spread betting that introduced online deals as early as 1998. IG is headquartered in London (UK) and includes operations in the USA, Australia, Japan, and New Zealand, registered among European countries, and Singapore. IG Markets Limited authorized and regulated by the Financial Conduct Authority (FCA), with Regulatory License No.195355
IB
Interactive Brokers Group, Inc.'s founding member has completed its 43rd year, conducting its broker/dealer business on over 135 market destinations worldwide. Interactive Brokers is headquartered in Greenwich, Connecticut, and has 2,400+ employees in its offices in the USA, Switzerland, Canada, Hong Kong, the UK, and many other places in the world. IB is fully licensed by the UK Financial Conduct Authority (license no. 208159)
XPro Markets is a South Africa-based broker. This broker claimed to offer clients a couple of financial instruments. It catches our attention because we recently received a complaint related to this broker. WikiFX has comprehensively reviewed XPro Markets from several perspectives.
Crypto firm Genesis files for Chapter 11 bankruptcy in Southern District of New York, with estimated liabilities of $1 billion to $10 billion and estimated assets of $1 billion to $10 billion, according to a filing.
The European Central Bank (ECB) has announced a new jumbo hike of interest rates in a bid to bring down record inflation in the eurozone. Before that, The euro continued to perform well in the market. It was buoyed by expectations of a rate hike for the next policy meeting of the European Central Bank (ECB).
EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the Bank of Japan’s (BoJ) monetary policy meeting, with the BoJ resolute in keeping its dovish stance, and the Yield Curve Control (YCC).