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HomeRegulationJurisdictionsUnited Kingdom

Forex regulation in United Kingdom

This page explains the authorities and public records connected with retail forex and CFD activity in United Kingdom. Rules can depend on the product, legal entity, client type and location.

Regulatory overview

FCA authorisation, with FSCS cover up to £85,000 and 1:30 leverage on majors.

Authorities

Financial Conduct AuthorityAAAFCA · Tier one · Strongest assessed environmentAuthorises and supervises firms offering CFDs and spread betting to UK retail clients, with conduct rules covering marketing, execution and client money.

Broker records

BrokerAuthorityLicenceStatus
FxPro logoFxPro 9.2/10FCA509956Review pendingView licence record
Admirals logoAdmirals 9.0/10FCA595450Review pendingView licence record
eToro logoeToro 9.0/10FCA583263Review pendingView licence record
Plus500 logoPlus500 9.0/10FCA509909Review pendingView licence record
Eightcap logoEightcap 8.9/10FCAFRN 921296Review pendingView licence record
HF Markets logoHF Markets 8.7/10FCA801701Review pendingView licence record
CMC Markets logoCMC Markets 8.5/10FCA173730Review pendingView licence record
IG logoIG 8.5/10FCA195355Review pendingView licence record
Capital.com logoCapital.com 8.4/10FCA793714Review pendingView licence record
FXOpen logoFXOpen 8.4/10FCA579202Review pendingView licence record
Saxo Bank logoSaxo Bank 8.4/10FCANot confirmedReview pendingView licence record
ThinkMarkets logoThinkMarkets 8.4/10FCANot confirmedReview pendingView licence record
Axi logoAxi 8.3/10FCAFRN 466201Review pendingView licence record
Exness logoExness 8.3/10FCANot confirmedReview pendingView licence record
Moneta Markets logoMoneta Markets 8.3/10FCA613381Review pendingView licence record
Tickmill logoTickmill 8.3/10FCA717270Review pendingView licence record
XTB logoXTB 8.3/10FCA522157Review pendingView licence record
ActivTrades logoActivTrades 8.2/10FCA434413Review pendingView licence record
FOREX.com logoFOREX.com 8.2/10FCANot confirmedReview pendingView licence record
Swissquote logoSwissquote 8.2/10FCA562170Review pendingView licence record
EC Markets logoEC Markets 8.1/10FCA571881Review pendingView licence record
FXCM logoFXCM 8.0/10FCA217689Review pendingView licence record
HYCM logoHYCM 8.0/10FCA186171Review pendingView licence record
Pepperstone logoPepperstone 8.0/10FCAFRN 684312Review pendingView licence record
Trade.com logoTrade.com 8.0/10FCA738538Review pendingView licence record
Trading.com logoTrading.com 8.0/10FCA705428Review pendingView licence record
Tradu logoTradu 8.0/10FCA217689Review pendingView licence record
ATFX logoATFX 7.9/10FCA760555Review pendingView licence record
Vantage logoVantage 7.8/10FCA590299Review pendingView licence record
City Index logoCity Index 7.7/10FCA446717Review pendingView licence record
Fortrade logoFortrade 7.7/10FCA609970Review pendingView licence record
Trade Nation logoTrade Nation 7.7/10FCANot confirmedReview pendingView licence record
Trading 212 logoTrading 212 7.7/10FCANot confirmedReview pendingView licence record
ATC Brokers logoATC Brokers 7.6/10FCAFRN 591361Review pendingView licence record
Capital Index logoCapital Index 7.6/10FCANot confirmedReview pendingView licence record
Equiti logoEquiti 7.6/10FCANot confirmedReview pendingView licence record
Spreadex logoSpreadex 7.6/10FCANot confirmedReview pendingView licence record
OANDA logoOANDA 7.5/10FCANot confirmedReview pendingView licence record
Accendo Markets logoAccendo Markets 7.4/10FCANot confirmedReview pendingView licence record

Client protections

Under FCA

Client-money rules
Confirmed
Capital requirements
Varies by licence
Negative balance protection
Required for eligible clients
Leverage restrictions
Applies to eligible retail clients
Compensation scheme
Potentially available subject to eligibility
External dispute resolution
Available subject to eligibility
Risk disclosures
Required for relevant firms
Reporting or audit
Required for relevant firms

Complaint routes

Official warnings

No official warnings connected with United Kingdom are recorded.

Browse the warnings directory.

Frequently asked questions

Is forex trading regulated in United Kingdom?

FCA is the authority on record for United Kingdom. FCA authorisation, with FSCS cover up to £85,000 and 1:30 leverage on majors.

Does a foreign licence protect a trader in United Kingdom?

Only when the account is legally contracted with the licensed entity and the licence permits the relevant service. A broker brand may operate several entities, and the protections follow the entity that signs the account agreement, not the brand.

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