FCA Forex Trading Regulations Explained – What Every Trader and Broker Must Know
Want to begin your forex journey as a broker or trader in the UK? Start understanding the forex trading regulations applicable in the country. The regulations, imposed by the Financial Conduct Authority (FCA), are designed to enhance investor protection, operational transparency, and a robust UK forex trading market. Check out more about this.
GIVTrade
GivTrade is an offshore regulated broker that was refistered in 2021 and is based in Mauritius. It enables you to trade a wide range of financial instruments through CFDs. It has its own mobile app and supports MetaTrader 5. It also has Classic accounts with no commissions and no fees for things other than trading.
XS Markets
Founded in 2016, XS Markets is a Cyprus broker regulated by CySEC. Its products include forex CFDs, commodities CFDs, CFDs on indices, CFDs on shares, and CFDs on metals. XS Markets offers demo accounts and the MT4 for clients. The leverage is up to 1:30, and the minimum deposit is EUR 200 for transactions.
BinaryCent-Overview of Minimum Deposit, Spreads & Leverage
Founded in 2016, Binarycent is an unregulated broker that specializes in cryptocurrency trading. Binarycent is registered in the Marshall Islands. Customers can learn that the leverage is up to 1:500, and the minimum deposit is $250. In terms of other details such as spread, account types, and trading platforms, its official website does not reveal.
Central Capital Futures
Founded in 2022, CENTRAL CAPITAL FUTURES is a futures broker, offering gold, forex, futures, and indices products. There are demo accounts and the MT4 platform for traders. However, its licenses are currently unverified, and its official website does not reveal much information on trading details.
Exfor Limited
Founded in 2004, Exfor is a Malaysian brokerage regulated by the LFSA. Exfor offers forex, metals, indices, energies, and stocks, and also provides MT4 and MT5 professional platforms for trading. It provides two types of accounts and a demo as well as an Islamic account, with a minimum deposit of $50 and leverage up to 1:500. Besides, it does not provide services for residents from the US, Israel, North Korea, and Yemen.
ParadTrade
Founded in 2021, ParadTrade is an unregulated broker registered in the Comoros. Customers can trade forex, stocks, cryptocurrencies, commodities, and indices on the ParadTrade web platform or ParadTrade mobile platform. It provides five account types and a demo account, with leverage up to 1:500 and a minimum deposit of $5. However, ParadTrade does not serve residents from certain areas.
Olive Markets Review - Is the Broker Forex Really Safe? Is It Regulated? - WikiFX
Founded in 2019, Olive Markets is an unregulated broker registered in the Marshall Islands. Its products include currency pairs, precious metals, commodities, cryptocurrencies, and stocks. Olive Markets offers demo accounts and the Olive Trading Platform for clients. The leverage is up to 1:300 and the minimum deposit is $100 for transactions.
Trade245 Review - Is the Broker Regulated? What is the Spread and Commission? - WikiFX
Founded in 2020, Trade245 was registered in South Africa. Its market instruments include forex, indices, stocks, commodities, and CFDs. Customers can use MT4 or MT5 to trade, with seven account types available, whose leverage is 1:500, with no minimum opening deposit requirement. However, investors still need to be cautious, since Trade245's license is unverified.
XIN YONGAN INTERNATIONAL
XIN YONGAN is a financial services provider established in 2012 and based in Hong Kong, regulated by the SFC for dealing in futures contracts. They offer diverse products and services including futures, securities, and asset management, alongside cash and margin accounts, all accessible via their New Yongan Polestar Client trading platform.
TradeUltra Information Revealed
TradeUltra is a STP broker situated in Malaysia that is licensed by the LFSA. It has been operating for more than a decade and gives you access to more than 3,000 types of products, such as stocks, indices, cryptos, commodities, and more. It has three active accounts and one demo account for different types of investors, but its regulation status is Unverified, and it does not provide services for residents from certain areas.
Binarium-Overview of Minimum Deposit, Spreads & Leverage
Binarium is a binary options broker founded in 2012 and run by Binarium Limited, a recognized corporation in St. Vincent and the Grenadines. Account tiers (Start, Standard, Business, Premium, and VIP) provide access to additional trading assets (67-121 instruments) and increased withdrawal limits. However, the company is not regulated by any acknowledged financial institution, and its legal documents indicates that agreements are made in Cyprus.
Axiance-Overview of Minimum Deposit, Leverage & Spreads
Axiance is a multi-asset CFD broker that works in Seychelles and Mauritius under the names Aerarium Limited and Aurum Capital. The company has more than 300 CFD instruments, such as more than 50 forex pairs, equities, commodities, indices, cryptocurrencies, and futures. Clients can trade using MetaTrader 4/5 or the broker's own mobile app. The maximum leverage is 1:500 and the minimum deposit is $100. However, it does not provide services for residents from certain areas.
10 Best MUST- READ Books on Forex Trading
Traders neglect the basic education about the forex market and end up losing money. It is one of the common mistakes they do. It is unsaid rule that If you're enter in the jungle of forex, you must read, learn, and understand before you start trading. In this article, you'll get to know about the books on forex trading that you must read.
TRADE.COM-Overview of Minimum Deposit, Spreads & Leverage
TRADE.COM, founded in 1999 and registered in Mauritius, is regulated by CySEC. It offers six trading instruments including forex, indices, cryptocurrencies, commodities, shares, and ETFs, and supports two platforms: WebTrader and MT5. The minimum deposit requirement is $100.
AMTD Information Revealed
AMTD was founded in 1997 and is registered in Hong Kong, regulated by the Hong Kong Securities and Futures Commission (SFC). It offers various services including digital solutions, one-stop business services, media and entertainment, and education and training. However, its regulatory status is currently unverified.
Consorsbank
Consorsbank is a German-founded financial institution established in 1994, offering many investment and savings products, accessible via its mobile app.
Prestige
Prestige is a precious metals dealer rooted in Hong Kong and has a global presence across the world and greater China. It provides the world renowned MetaTrader 4 platform for investors to execute trades, and offers low spread from 0.01 pips and zero commission to reduce trading costs.
IQ Option-Overview of Minimum Deposit, Spreads & Leverage
IQ Option Broker was founded in 2016 and is registered in the UK. It offers a variety of trading instruments, including forex, stocks, cryptocurrencies, commodities, ETFs, and indices
MGL FOREX-Overview of Minimum Deposit, Spreads & Leverage
MGL Forex is an unregulated broker, offering trading on forex, CFDs indices, oil, Uneth metals, cryptos, and CFDs with leverage up to 1:500 and spread from 0.1 pips on the MT4 and MGL Forex mobile app. The minimum deposit requirement is $50.
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