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BlogBest FCA Regulated Forex Brokers 2026
Compare the top forex brokers regulated by the Financial Conduct Authority (United Kingdom). Verified licenses and deep liquidity.
Written by
James Wilson
Fact Checked by
Edith Balazs
Why Choose FCA Regulated Brokers?
The FCA is widely considered the gold standard of financial regulation globally. It mandates strict client money segregation, limits maximum retail leverage to 1:30, enforces negative balance protection, and requires brokers to undergo rigorous regular auditing.
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What is the FCA (Financial Conduct Authority)?
Financial Conduct Authority is the financial regulatory body in United Kingdom. It is considered a Tier 1 regulator, meaning it provides the highest level of oversight and client protection.
Quick Picks
Trading Conditions
Compare deposits, leverage, and spreads across these regulated brokers.
| Broker | Action | ||
|---|---|---|---|
| Exness | $1 | 1:Unlimited | Open Account |
| FXTM | $10 | 1:2000 | Open Account |
| HFM | $0 | 1:2000 (Global) | 1:30 (EU) | Open Account |
| Axi | $0 | 1:500 | Open Account |
| ThinkMarkets | $0 | 1:500 | Open Account |
| HYCM | $100 | 1:30 (Retail) | 1:400 (Pro) | Open Account |
| Pepperstone | $0 (Recommended $200) | 1:500 (Pro) | 1:30 (Retail) | Open Account |
| Tickmill | $100 | 1:500 (Pro) | 1:30 (Retail) | Open Account |
| Vantage | $50 | 1:500 | Open Account |
| IG | $250 ($0 bank transfer) | 1:30 (Retail UK/EU) | 1:200 (Pro) | Open Account |
| XTB | $0 | 1:500 (Pro) | 1:30 (Retail) | Open Account |
| Interactive Brokers | $0 | 1:50 (US) | 1:30 (EU) | 1:500 (Pro) | Open Account |
| OANDA | $0 | 1:50 (US) | 1:30 (EU/UK) | 1:200 (BVI) | Open Account |
| CMC Markets | $0 | 1:30 (Retail) | 1:500 (Pro) | Open Account |
| Saxo Bank | $2,000 | 1:30 (Retail) | 1:66 (Pro) | Open Account |
| eToro | $10 - $200 (varies by region) | 1:30 (Retail) | Open Account |
| Forex.com | $100 | 1:50 (US) | 1:30 (UK/EU) | 1:400 (Global) | Open Account |
| Swissquote | $1,000 | 1:30 (Retail) | 1:100 (Pro) | Open Account |
| FxPro | $100 | 1:200 (Pro) | 1:30 (Retail) | Open Account |
| Admiral Markets | $25 | 1:30 (Retail) | 1:500 (Pro) | Open Account |
| Eightcap | $100 | 1:500 | Open Account |
| Plus500 | $100 | 1:30 (Retail) | 1:300 (Pro) | Open Account |
| FXCM | $50 | 1:30 (EU/UK) | 1:400 (Global) | Open Account |
| Trade Nation | $0 | 1:30 (Retail) | 1:200 (Pro) | Open Account |
Detailed Broker Analysis
FCA-regulated low-cost traders, high-volume day traders & scalpers.
Founded in 2008 and headquartered in Cyprus, Exness is a highly rated broker offering 100+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
FCA-regulated advanced traders, automated trading & tradingview enthusiasts.
Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone is a highly rated broker offering 60+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Regulated by 7 jurisdictions including 4 Tier-1
- Ultra-tight raw spreads on Razor (avg 0.1 pips EUR/USD)
- Fast execution - ideal for scalpers/EAs
- MT4, MT5, cTrader, TradingView support
Cons
- Standard account spreads wider than Razor
- Commission varies by platform
- No proprietary mobile app
- Research less extensive than IG
FCA-regulated professional traders, us traders & comprehensive market access.
Founded in 1974 and headquartered in London, UK, IG is a highly rated broker offering 80+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Regulated by 8+ top-tier authorities (FCA, ASIC, CFTC, etc.)
- Huge range of 17,000+ instruments including options & futures
- FTSE 250 listed company with high financial transparency
- Top-tier educational academy and daily market analysis
Cons
- Admin fee on overnight funding increased to 1.5% (Dec 2026)
- Higher spreads on UK small-cap shares (2026 update)
- No Islamic (swap-free) account available
- MetaTrader 4 offering is limited compared to proprietary platform
FCA-regulated active european traders & stock cfd investors.
Founded in 2002 and headquartered in Warsaw, Poland, XTB is a highly rated broker offering 71 forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Publicly traded & transparent
- Superb user experience
- 0% commission on real stocks (EU)
- Fast execution
Cons
- MT4 no longer offered to new clients
FCA-regulated professional traders, multi-asset investors & institutions.
Founded in 1978 and headquartered in Greenwich, CT, USA, Interactive Brokers is a highly rated broker offering 100+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Unbeatable market access
- Rock bottom commissions
- Safe (Publicly traded)
Cons
- Complex for beginners
- TWS platform has steep learning curve
FCA-regulated us traders, beginners & data-driven analysts.
Founded in 1996 and headquartered in New York, USA, OANDA is a highly rated broker offering 70+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Regulated by 6 Tier-1 authorities
- 28+ years of clean regulatory history
- No minimum deposit requirement
- Competitive spreads from 0.6 pips
Cons
- Inactivity fee after 12 months
- No individual stock CFDs
- Limited cryptocurrency offering
- Higher spreads than some ECN brokers
FCA-regulated advanced chartists & uk spread bettors.
Founded in 1989 and headquartered in London, UK, CMC Markets is a highly rated broker offering 300+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Publicly traded & highly regulated
- Huge asset selection (12k+)
- Advanced platform features (NextGen)
Cons
- High stock CFD fees for small trades
- Data fees for some exchanges
FCA-regulated high-net-worth investors & multi-asset traders.
Founded in 1992 and headquartered in Copenhagen, Denmark, Saxo Bank is a highly rated broker offering 185+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Licensed bank with investment-grade rating
- Regulated by multiple Tier-1 authorities
- Massive 70,000+ instrument selection
- Professional-grade platforms
Cons
- Higher minimum for premium tiers
- More expensive for small traders
- Complex platform for beginners
FCA-regulated social traders, beginners & crypto enthusiasts.
Founded in 2007 and headquartered in Israel, eToro is a highly rated broker offering 49 forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Pioneering social trading platform
- CopyTrader for passive investing
- Real stock and ETF trading
- 80+ cryptocurrencies
Cons
- $5 withdrawal fee
- $10/month inactivity fee after 12 months
- Higher spreads on forex/CFDs
- Currency conversion fees for non-USD
FCA-regulated us traders, experienced analysts & volume traders.
Founded in 2001 and headquartered in Bedminster, NJ, USA, Forex.com is a highly rated broker offering 80+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Extremely safe (Publicly traded parent)
- Great for US traders
- TradingView charts
Cons
- Spreads on standard account not best in class
- No crypto for UK retail
FCA-regulated bonus hunters, high leverage users & versatile traders.
Founded in 2010 and headquartered in Cyprus, HFM is a highly rated broker offering 50+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
FCA-regulated scalpers, day traders & low-commission professionals.
Founded in 2014 and headquartered in London, UK, Tickmill is a highly rated broker offering 62 forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Very low trading costs
- Fast execution speeds
- Allowed for all strategies
- Strong regulation
Cons
- Limited non-forex product range
- No crypto for UK clients
FCA-regulated swiss banking clients & high-net-worth individuals.
Founded in 1996 and headquartered in Gland, Switzerland, Swissquote is a highly rated broker offering 80+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Maximum safety (Swiss Bank)
- Huge product range (3M+)
- Banking integrated
Cons
- High fees
- Higher minimum deposit
FCA-regulated raw spread traders & australian forex enthusiasts.
Founded in 2009 and headquartered in Sydney, Australia, Vantage is a highly rated broker offering 44+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Strong ASIC & FCA regulation
- Competitive Raw ECN pricing
- Excellent social trading options
- Free VPS for active traders
Cons
- High minimum deposit for Pro account
- Limited crypto selection
FCA-regulated african & asian traders & copy trading users.
Founded in 2011 and headquartered in Cyprus, FXTM is a highly rated broker offering 60+ forex pairs. They are regulated by FCA providing strong client safety.
FCA-regulated professional european traders & ctrader enthusiasts.
Founded in 2006 and headquartered in London, UK, FxPro is a highly rated broker offering 70+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- NDD Execution
- Supports MT4, MT5, cTrader
- Reliable reputation
Cons
- Fees can be higher on standard accounts
- No crypto in UK
FCA-regulated educational learners & metatrader power users.
Founded in 2001 and headquartered in Tallinn, Estonia, Admiral Markets is a highly rated broker offering 50+ forex pairs. They are regulated by FCA providing strong client safety.
FCA-regulated crypto cfd traders & tradingview users.
Founded in 2009 and headquartered in Melbourne, Australia, Eightcap is a highly rated broker offering 45+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Best in class for Crypto CFDs
- Great automation tools
- TradingView direct integration
Cons
- Educational content is thin
- Stock selection limited compared to big players
FCA-regulated simple cfd trading, beginners & mobile traders.
Founded in 2008 and headquartered in Haifa, Israel, Plus500 is a highly rated broker offering 60+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- FTSE 250 listed - maximum transparency
- Regulated by 10+ global authorities
- User-friendly platform for beginners
- Free guaranteed stop orders
Cons
- $10/month inactivity fee after 3 months
- No MT4/MT5 or third-party platforms
- Limited research and analysis tools
- No automated trading support
FCA-regulated algorithmic traders & historical data enthusiasts.
Founded in 1999 and headquartered in London, UK, FXCM is a highly rated broker offering 40+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Highly regulated (FCA, ASIC)
- Excellent proprietary platform
- Great educational resources
Cons
- Smaller product range than some competitors
- Inactivity fees apply
FCA-regulated mobile-first traders & those seeking a proprietary app.
Founded in 2010 and headquartered in Melbourne, Australia, ThinkMarkets is a highly rated broker offering 40+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Award-winning ThinkTrader mobile app
- Strong multi-regulatory oversight (8 regulators)
- $1M insurance protection beyond standard coverage
- Raw spreads from 0.0 pips on ThinkZero
Cons
- Standard account spreads average compared to competitors
- ThinkZero requires $500 minimum deposit
- Not publicly traded
- Limited cryptocurrency leverage (2:1 in regulated regions)
FCA-regulated scalpers, copy traders & australian ecn clients.
Founded in 2007 and headquartered in Sydney, Australia, Axi is a highly rated broker offering 70+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- No minimum deposit on Standard and Pro accounts
- Strong ASIC and FCA regulation
- Competitive raw spreads from 0.0 pips
- Axi Select capital allocation program
Cons
- Inactivity fee after 12 months ($10/month)
- Elite account requires $25,000 minimum
- Limited stock CFD selection compared to competitors
- No ETFs available
FCA-regulated beginners seeking fixed spreads & uk spread bettors.
Founded in 2014 and headquartered in London, UK, Trade Nation is a highly rated broker offering 30+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Transparency
- Tight fixed spreads (0.6)
- Excellent customer vibe
Cons
- No MT5
- Limited advanced tools
FCA-regulated experienced traders seeking long-established regulated broker.
Founded in 1977 and headquartered in London, UK, HYCM is a highly rated broker offering 40+ forex pairs. They are regulated by FCA providing strong client safety.
Pros
- Decades of stability
- Fixed spreads available
- Good educational webinars
Cons
- High inactivity fee ($10/mo)
- Raw spread commission high ($4/side)
Frequently Asked Questions
Top FCA Regulated Forex Brokers
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January 2026