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The 7 Best FCA Forex Brokers – Rated and Reviewed. We have listed the Best Forex Brokers regulated by the Financial Conduct Authority in the UK.
In this in-depth guide, you will learn:
- The Best FCA Forex Brokers – a List
- What is the Financial Conduct Authority?
- What does the FCA do?
- How do I check an FCA Regulation?
and much, MUCH more!
| 🔎 Broker | 🚀Open an Account | ⭐ FCA Regulated | 💶 Min. Deposit |
| 🥇 XM | 👉 Open Account | ✅Yes | 5 USD |
| 🥈 Pepperstone | 👉 Open Account | ✅Yes | 10 USD |
| 🥉 Eightcap | 👉 Open Account | ✅Yes | 100 USD |
| 🏅 FxPro | 👉 Open Account | ✅Yes | 100 USD |
| 🎖️ IG | 👉 Open Account | ✅Yes | None |
| 🥇 XTB | 👉 Open Account | ✅Yes | None |
| 🥈 HFM | 👉 Open Account | ✅Yes | None |
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
7 Best FCA Forex Brokers (2025)
- ☑️ XM – Overall, the Best FCA Regulated Forex Broker
- ☑️ Pepperstone – Best Overall Offering
- ☑️ Eightcap – Regulation of Major financial authorities
- ☑️ FxPro – Best Online Trading Experience
- ☑️ IG – Best Proprietary Offering
- ☑️ XTB – High User Trust Score
- ☑️ HFM – Top Bonus Offers and Promotions
1. XM
XM, established in 2009, is a renowned broker with over 5 million active traders and 450+ employees. Regulated by multiple authorities, including FSC and CySEC, it ensures client safety. With a minimum deposit of $5, XM offers competitive conditions like zero commissions and spreads from 0.6 pips.
Key features include account segregation, negative balance protection, and educational resources for all traders.
| 🔎 Broker | 🥇 XM |
| 📌 Year Founded | 2009 |
| 👤 Amount of Staff | 450+ employees |
| 👥 Amount of Active Traders | 5,000,000+ traders worldwide |
| 📍 Publicly Traded | None |
| 📈 Regulation | Financial Services Commission (FSC) |
| ⭐ Safety and Security | High |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | None |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP, JPY, AUD |
| 💶 Minimum Deposit | 5 USD |
| ⏰ Average Deposit/Withdrawal Time | 24 hours |
| 💵 Fund Withdrawal Fee | None |
| 💱 Spreads From | 0.6 pips on major pairs |
| 💷 Commissions | Zero commissions on most account types |
| 🔟 Number of Base Currencies | 11+ |
| 💰 Swap Fees | ✅Yes |
| 📊 Leverage | Up to 1:888 |
| 💹 Margin Requirements | Variable |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 📈 Order Execution Time | 0.01 seconds |
| 🖥️ VPS Hosting | Free VPS |
| 📍 CFDs Total | 1,000+ |
| 📑 CFD Stock Indices | 14+ |
| 🍎 CFD Commodities | 8+ |
| 📌 CFD Shares | 1,200+ |
| 🅰️ Deposit Options | Bank Wire, Credit/Debit Card, eWallets, Local Payment Methods |
| 🅱️ Withdrawal Options | Bank Wire, Credit/Debit Card, eWallets, Local Payment Methods |
| ⭐ Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 💻 OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️ Forex Trading Tools | Technical analysis, trading signals, economic calendar, Autochartist |
| 🩷 Customer Support | Multiple Channels |
| 🥰 Live Chat Availability | 24/5 |
| 💌 Customer Support Email | support@xm.com |
| ☎️ Customer Support Contact Number | +501 223-6696 +501 227-9421 |
| 💡 Social Media Platforms | Facebook, Twitter, Instagram, LinkedIn, YouTube |
| ✏️ Languages Supported | 25+ |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Video tutorials, trading guides, market analysis, blog |
| 🤝 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | 100,000+ |
| 🗄️ IB Program | ✅Yes |
| 🏆 Sponsors events or teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🔖 Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Highly Regulated | Inactivity Fees |
| Diverse Account Types | No U.S. Clients |
| Low Minimum Deposit | Higher Spreads on Select Accounts |
| No Requotes | Withdrawal Fees |
| Tight Spreads | High Leverage Risks |
| Multiple Platforms | Account Verification Process |
| Variety of Instruments | Limited Proprietary Tools |
| Free VPS Hosting | Language Support Limitations |
| Multilingual customer support | Geographic Restrictions |
Frequently Asked Questions
What regulations does XM adhere to?
XM is regulated by multiple authorities, including FSC, DFSA, CySEC, ASIC, and FSCA, ensuring comprehensive oversight and trader protection.
What is the minimum deposit required to start trading with XM?
The minimum deposit to open an account with XM is just $5, making it accessible for new traders.
How quickly are deposits and withdrawals processed?
XM typically processes deposits and withdrawals within 24 hours, with no fees for fund withdrawals.
Does XM offer educational resources for traders?
Yes, XM provides a range of educational resources, including forex courses, webinars, video tutorials, and market analysis to support traders in their journey.
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Our Verdict
XM is a well-regulated broker that delivers a secure and user-friendly trading experience. With competitive trading conditions, extensive educational resources, and robust safety features, it is an excellent choice for both beginner and experienced traders seeking to navigate the financial markets effectively.
2. Pepperstone
Pepperstone, founded in 2010, serves over 300,000 active traders globally and is regulated by authorities like ASIC and FCA for client safety. With no minimum deposit and spreads from 0.0 pips, it offers competitive trading conditions. The broker features various account types, negative balance protection, account segregation, and demo accounts.
Its platforms, including MetaTrader 4 and cTrader, cater to diverse trading styles.
| 🔎 Broker | 🥇 Pepperstone |
| 📌 Year Founded | 2010 |
| 👤 Amount of Staff | 300+ |
| 👥 Active Traders | 300,000+ |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
| 🌎 Country of Regulation | UK, Australia, Cyprus |
| ⭐ Safety and Security | High |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | ✅Yes |
| 💶 Minimum Deposit | AU$10 |
| ⏰ Average Deposit/Withdrawal Processing Time | Depends on method |
| 💵 Fund Withdrawal Fee | None |
| ⭐ Spreads From | 0.0 pips |
| 💷 Commissions | ✅Yes |
| 🔢 Base Currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD |
| 💳 Swap Fees | ✅Yes |
| ⏩ Leverage | 1:500 (Pro), 1:200 (Retail) (Retail Leverage is license-specific and can be as low as 1:30) |
| ▶️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 📈 Order Execution Time | Under 30ms |
| 📉 VPS Hosting | ✅Yes |
| 📊 CFDs Total | 1200+ |
| 💹 CFD Stock Indices | 14+ |
| 🍎 CFD Commodities | 20+ |
| 💱 CFD Shares | 900+ |
| 🅰️ Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill, POLi |
| 🅱️ Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill, POLi |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView Proprietary Pepperstone Platform |
| 💻 OS Compatibility | Windows, macOS, iOS, Android, Web-based |
| ⚙️ Forex Trading Tools | Advanced charting, Autochartist, TradingView integration, Market Analysis |
| 🩷 Customer Support | Multiple Channels |
| 🥰 Live Chat Availability | 24/5 |
| 💌 Support Email Address | support@pepperstone.com |
| ☎️ Support Contact Number | +254 2038 93547/8/9 |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn, |
| ↪️ Languages Supported | 20+ |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, Videos, Trading Guides, eBooks |
| 🤝 Affiliate Program | ✅Yes |
| 📑 Amount of Partners | Thousands globally |
| 🗃️ IB Program | ✅Yes |
| 🗄️ Sponsors Notable Events or Teams | ✅Yes |
| 📇 Rebate Program | ✅Yes |
| ⭐ Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
ASIC, FCA, CySEC, DFSA
Trading Platform
MT4, MT5, cTrader, TradingView, Pepperstone Platform
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Responsive and friendly customer service | Costs of holding positions overnight can be significant |
| No inactivity fee | International bank transfers have a $20 fee |
| Educational Resources and Research Tools | The variety of platforms can be overwhelming for Beginners |
| Quick and easy account setup | No US Clients |
Frequently Asked Questions
What regulatory bodies oversee Pepperstone?
Pepperstone is regulated by several authorities, including ASIC (Australia), FCA (UK), and CySEC (Cyprus), ensuring a high standard of oversight and trader protection.
Is there a minimum deposit required to open an account?
No, Pepperstone does not require a minimum deposit to open an account, making it accessible to a wide range of traders.
What trading platforms does Pepperstone offer?
Pepperstone provides multiple trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView, catering to different trading styles.
How does Pepperstone support its traders?
Pepperstone offers a range of educational resources, including forex courses, webinars, and trading guides, along with 24/5 customer support through various channels.
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
ASIC, FCA, CySEC, DFSA
Trading Platform
MT4, MT5, cTrader, TradingView, Pepperstone Platform
Crypto
Yes
Total Pairs
1000+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
Pepperstone stands out as a top choice for traders seeking a well-regulated and flexible trading environment. With competitive spreads, a diverse range of trading platforms, and extensive educational resources, it provides an excellent foundation for both novice and experienced traders aiming to succeed in the financial markets.
3. Eightcap
Established in 2009, Eightcap is a globally trusted broker offering Forex and CFD trading. It operates under the regulation of major financial authorities, including ASIC, FCA, CySEC, and SCB, ensuring a secure trading environment. Headquartered in Australia, Eightcap supports traders of all levels—whether you’re just starting or a seasoned professional.
With low spreads, over 1,000 CFD instruments, and compatibility with MetaTrader 4 & 5, Eightcap combines powerful tools with affordable entry, requiring only a $100 minimum deposit and offering zero withdrawal fees.
| 🔎 Broker Name | 🥇 Eightcap |
| 📌 Year Founded | 2009 |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | ASIC FCA CySEC SCB |
| 🌎 Country of Regulation | Australia UK Europe Bahamas |
| 🤓 Suited to Professionals | ✅Yes |
| 😎 Suited to Active Traders | ✅Yes |
| 💖 Suited to Beginners | ✅Yes |
| 🥰 Most Notable Benefit | Low spreads and access to a wide range of trading instruments |
| 🥺 Most Notable Disadvantage | Limited regulatory coverage (only regulated in Australia and SVG) |
| 🔂 Account Segregation | ✅Yes |
| 🪫 Negative Balance Protection | ✅Yes |
| 🔋 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 💴 Minor Account Currencies | ✅Yes |
| 💶 Minimum Deposit | 100 USD |
| ⏰ Average Deposit Processing Time | Instant (varies by method) |
| ⏲️ Average Withdrawal Processing Time | 1-3 business days |
| 💵 Fund Withdrawal Fee | No withdrawal fee |
| ↪️ Spreads From | 0.0 pips |
| 💵 Commissions | Yes (depends on account type) |
| 💷 Number of Base Currencies | 6 |
| 💳 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 500:1 |
| 🏷️ Margin Requirements | Varies by instrument and account type |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖱️ Order Execution Time | 0.1 seconds |
| 💻 VPS Hosting | ✅Yes |
| 🔢 Total CFDs Offered | 1,000+ |
| 📈 CFD Stock Indices | ✅Yes |
| 🍊 CFD Commodities | ✅Yes |
| 📉 CFD Shares | ✅Yes |
| 📊 Deposit Options | Bank Transfer, Credit/Debit Card, eWallets (Skrill, Neteller, etc.), Bitcoin |
| 💹 Withdrawal Options | Bank Transfer, Credit/Debit Card, eWallets (Skrill, Neteller, etc.), Bitcoin |
| ⚙️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader |
| 📌 OS Compatibility | Windows, MacOS, iOS, Android |
| 📍 Forex Trading Tools | Technical analysis tools, Expert Advisors (EAs), VPS hosting |
| 🔊 Live Chat | ✅Yes |
| 💌 Support Email | global@eightcap.com |
| ☎️ Contact Number | +61 3 8592 2375 |
| 🐦 Social Media | Facebook, Twitter, LinkedIn, YouTube |
| 🗯️ Languages | English, Chinese, Arabic, Spanish, and others |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Education | Market analysis, guides, tutorials |
| 🫰🏻 Affiliate Program | ✅Yes |
| 🤝 IB Program | ✅Yes |
| 🫶 Acts as Sponsor | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Open Account |
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
ASIC, SCB, CySEC, FCA
Trading Platform
MT4, MT5, TradingView (Eightcap FCA entity is the only dedicated, specialist TradingView broker in the UK)
Crypto
No
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Low Forex Fees | Limited Product Selection |
| Quick Account Application | Limited Research |
| Free Deposit and Withdrawal | Lack of Investor Protections |
Frequently Asked Questions
Is Eightcap a safe and regulated broker?
Yes, Eightcap is a well-regulated broker overseen by top-tier financial authorities such as ASIC (Australia), FCA (UK), CySEC (Europe), and SCB (Bahamas). It ensures the safety of client funds through account segregation and provides negative balance protection.
What’s the minimum deposit required to trade with Eightcap?
You can start trading with Eightcap for as little as USD 100, making it a budget-friendly option for new traders.
Can I use Eightcap without risking real money?
Definitely! Eightcap offers a free demo account, allowing you to explore the platform and test trading strategies in a risk-free environment.
Are there any fees when withdrawing profits from Eightcap?
No, Eightcap does not charge withdrawal fees. You can withdraw your profits anytime, with processing times typically between 1 to 3 business days, depending on the payment method.
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
ASIC, SCB, CySEC, FCA
Trading Platform
MT4, MT5, TradingView (Eightcap FCA entity is the only dedicated, specialist TradingView broker in the UK)
Crypto
No
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
Eightcap combines affordability, speed, and security, making it a strong choice for both beginners and experienced traders. With reputable regulation, low-cost trading, and versatile platform options, it offers everything you need to start or scale your trading journey. For traders seeking reliable market access with flexible features, Eightcap is a broker worth considering.
4. FxPro
FxPro, established in 2006, is a leading broker with over 1.8 million active traders, regulated by authorities like the FCA and CySEC. With a minimum deposit of $100, it offers competitive conditions, including spreads from 0.0 pips and leverage up to 1:500. FxPro supports various account types, features negative balance protection, and provides multiple platforms like MetaTrader 4 and cTrader, along with extensive educational resources.
| 🔎 Broker | 🥇 FxPro |
| 📌 Year Founded | 2006 |
| 👤 Amount of Staff | 200+ |
| 👥 Active Traders | 1.8+ million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FCA (UK), SCB (Bahamas) |
| 🌎 Country of Regulation | United Kingdom, Cyprus, South Africa, Bahamas |
| 🔐 Safety and Security | High |
| ↪️ Account Segregation | ✅Yes |
| ⭐ Negative Balance Protection | ✅Yes |
| 📑 Investor Protection Schemes | FSCS (UK), ICF (Cyprus) |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR |
| 💶 Minimum Deposit | $100 |
| 💵 Fund Withdrawal Fee | None |
| ⚙️ Spreads From | 0.0 pips |
| 💷 Commissions | None |
| 7️⃣ Base Currencies Supported | 7 |
| 💰 Swap Fees | ✅Yes |
| 📈 Leverage | Up to 1:500 |
| 📉 Margin Requirements | Varies by instrument |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | Typically under 11.06 ms |
| 🖱️ VPS Hosting | ✅Yes |
| 📈 CFDs Total | 430+ |
| 📊 CFD Stock Indices | 20+ |
| 🍎 CFD Commodities | 20+ |
| 📉 CFD Shares | 150+ |
| 🅰️ Deposit Options | Bank transfer, Credit/Debit, PayPal, Neteller, Skrill |
| 🅱️ Withdrawal Options | Bank transfer, Credit/Debit, PayPal, Neteller, Skrill |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, FxPro Mobile |
| 🖥️ OS Compatibility | Windows, macOS, iOS, Android |
| 📐 Forex Trading Tools | Economic calendar, Forex calculators, Trading Central, Autochartist |
| 🩷 Customer Support | Multiple Options |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Support Email Address | musupport@fxpro.com |
| ☎️ Support Contact Number | Callback Request |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn, Instagram, YouTube |
| ⏩ Educational Resources | Articles, videos, tutorials, guides, blogs |
| ✏️ Languages Supported | 30+ |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ IB Program | ✅Yes |
| 🗄️ Sponsors Notable Events or Teams | ✅Yes |
| 📇 Rebate Program | ✅Yes |
| 📐 Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating Min Deposit USD 100 Regulators FCA, SCB Trading Platform MT4, MT5, cTrader, FxPro Platform Crypto Yes Total Pairs 69+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Offers high leverage, although it's essential to use it responsibly. | Minimum deposit for some account types might be higher than other brokers. |
| Competitive Spreads | Inactivity Fees |
| Free deposit and withdrawal | Spread Betting (UK Only) |
Frequently Asked Questions
What regulatory bodies govern FxPro?
FxPro is regulated by the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and SCB (Bahamas), providing a robust framework for trader protection.
What is the minimum deposit required to start trading?
The minimum deposit to open an account with FxPro is $100, making it accessible for many traders.
Which trading platforms does FxPro offer?
FxPro provides several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and its own FxPro Mobile app.
Does FxPro offer educational resources for traders?
Yes, FxPro offers a variety of educational materials, including articles, videos, webinars, and tutorials, to help traders improve their skills.
Overall Rating Min Deposit USD 100 Regulators FCA, SCB Trading Platform MT4, MT5, cTrader, FxPro Platform Crypto Yes Total Pairs 69+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Our Verdict
FxPro is a highly reputable broker that combines competitive trading conditions with strong regulatory oversight. Its diverse range of trading platforms, extensive educational resources, and robust safety features make it an excellent option for both novice and experienced traders looking to thrive in the financial markets.
5. IG
IG, founded in 1974, is a leading broker serving over 300,000 active traders with a team of 2,000+. As a publicly traded company, it operates under strict regulations from authorities like the FCA and ASIC, ensuring client safety. With a minimum deposit of $250, IG offers competitive conditions, including spreads from 0.6 pips and over 17,000 CFDs.
The broker supports various account types and provides a range of educational resources and platforms, including MetaTrader 4 and its own IG Trading Platform.
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Highly Regulated | Higher Spreads |
| Wide Range of Trading Instruments | Inactivity Fees |
| User-Friendly Platforms | Limited Account Types |
| Educational Resources | Complex Fee Structure |
| Advanced Trading Tools | No Cent or Micro Accounts |
| Multiple Deposit and Withdrawal Options | Withdrawal Fees on Certain Methods |
Frequently Asked Questions
What regulatory bodies oversee IG?
IG is regulated by several authorities, including the FCA (UK), ASIC (Australia), CFTC and NFA (US), and BaFin (Germany), ensuring comprehensive trader protection.
What is the minimum deposit required to start trading with IG?
The minimum deposit to open an account with IG is $250, which allows traders to begin with a reasonable initial investment.
What trading platforms does IG offer?
IG provides a variety of trading platforms, including MetaTrader 4, ProRealTime, L2 Dealer, and its own IG Trading Platform, catering to different trading preferences.
Does IG offer educational resources for traders?
Yes, IG offers extensive educational materials, including forex courses, webinars, articles, videos, and tutorials to help traders enhance their skills.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
IG is a highly reputable and well-regulated broker that offers a comprehensive trading experience for both new and experienced traders. With its extensive range of CFDs, competitive trading conditions, and robust educational resources, IG provides a solid foundation for success in the financial markets.
6. XTB
XTB, founded in 2002, is a well-regulated broker with over 500,000 active traders. Publicly traded on the Warsaw Stock Exchange, it operates under multiple regulations, including the FCA and KNF. XTB offers competitive trading conditions, including spreads from 0.1 pips and leverage up to 1:500, along with robust safety features like account segregation and negative balance protection.
| 🔎 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange (WSE) |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time | Milliseconds - Seconds |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total Offered | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.6/5
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| Negative balance protection | Limited managed account options |
| Islamic (swap-free) accounts available | Support response times may vary |
| Strong educational resources | VPS hosting for specific accounts only |
| Demo account available | Complex fee structure |
| Good customer support | Margin requirements can be high |
| No withdrawal fees | May have complex fee structure |
Frequently Asked Questions
What regulations does XTB adhere to?
XTB is regulated by the FCA (UK), KNF (Poland), IFSC, and CySEC, ensuring a high level of oversight and protection for traders.
What is the minimum deposit required to start trading?
The minimum deposit varies by account type, making it flexible for different trader needs.
Which trading platforms are available at XTB?
XTB offers the xStation 5 platform, compatible with Windows, macOS, iOS, and Android.
Does XTB provide educational resources?
Yes, XTB offers a range of educational materials, including courses, webinars, articles, and tutorials to support trader development.
Overall Rating
- 4.6/5
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
XTB is a highly reputable broker that combines strong regulatory oversight with competitive trading conditions and a wealth of educational resources, making it an excellent choice for traders of all levels.
7. HFM
HFM, founded in 2010, is a rapidly growing broker with over 1 million active traders. It operates under various regulations, including FCA and CySEC, and offers a minimum deposit of $0, making it highly accessible. HFM provides multiple trading platforms, including MT4 and MT5, along with competitive features like spreads from 0.0 pips, negative balance protection, and leverage up to 1:1000.
| 🔎 Broker | 🥇 HFM |
| 📍 Year Founded | 2010 |
| 👤 Amount of staff | 200+ |
| 👥 Amount of active traders | Over 1 million |
| ↪️ Publicly Traded | No |
| 💴 Minimum Deposit | $0 |
| 📌 Regulation and Licenses | FSCA, DFSA, FSA, FCA, FSC, CMA |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🎁 Bonus Offers | ✅Yes |
| 🪙 Crypto Trading | ✅Yes |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| ⭐ Investor Protection Schemes | Yes, up to €85,000 (FCA) |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-3 business days |
| 📈 Fund Withdrawal Fee | Varies by method, generally free |
| 📉 Spreads from | 0.0 pips |
| 📊 Commissions | Varies by account type and instrument |
| 💹 Number of base currencies | 40+ |
| 💱 Swap Fees | Varies by instrument and position duration |
| ⏸️ Leverage | Up to 1:1000 |
| ⏹️ Margin requirements | Varies by account and leverage |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | Typically milliseconds to seconds |
| 🖱️ VPS Hosting | Available |
| 📑 CFDs Total Offered | 1,000+ |
| 🗃️ CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📇 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 🚩 OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, market analysis tools |
| 🥰 Live chat availability | ✅Yes |
| 💌 Support Email | Contact Form |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social Media | Facebook, Twitter, LinkedIn, YouTube |
| 🗯️ Languages on Website | English, Spanish, German, Arabic |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, Videos, Tutorials |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🏆 Sponsor notable events/teams | ✅Yes |
| 💷 Rebate program | ✅Yes |
| 🅰️ Cent Accounts | ✅Yes |
| 🅱️ Zero Accounts | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| ▶️ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Open Account |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅ Pros | ❌ Cons |
| High-Trust Score | Small range of tradable assets |
| Low Min. Deposit | Limited Customer Support |
| MT4 and MT5 | Limited Base Account Currency |
| Proprietary Platform | Withdrawal Fee may apply |
| Premium Trader Tools | Limited Customer Support |
| Micro Account | Trading Fees higher than Average |
Frequently Asked Questions
What regulatory bodies oversee HFM?
HFM is regulated by several authorities, including FSCA, CySEC, DFSA, and FCA, ensuring a secure trading environment.
Is there a minimum deposit required?
No, HFM has a minimum deposit requirement of $0, allowing traders to start without an initial investment.
What trading platforms does HFM offer?
HFM provides access to MT4, MT5, and its trading app, compatible with various devices.
Does HFM offer educational resources?
Yes, HFM offers a variety of educational materials, including forex courses, webinars, and tutorials to help traders improve their skills.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
HFM is a versatile broker that combines strong regulatory backing with flexible trading conditions, making it an excellent choice for both beginner and experienced traders. With extensive educational resources and competitive features, it supports a wide range of trading styles.
What is the Financial Conduct Authority (UK)
The Financial Conduct Authority (FCA) is a regulatory body overseeing the financial services industry in the United Kingdom. Established in 2013, its primary objectives include protecting consumers, maintaining the integrity of the UK’s financial markets, and promoting competition among financial firms.
The FCA regulates various financial institutions, including banks, investment firms, insurance companies, and financial advisers. Its key functions include:
- It ensures that consumers are treated fairly and have access to appropriate products and services.
- It prevents and addresses market abuse, ensuring that the financial markets operate transparently and fairly.
- The FCA encourages competition to benefit consumers, taking action against firms that engage in anti-competitive practices.
- The Monitoring of firms to ensure compliance with regulations and take enforcement actions when necessary to protect consumers and maintain market integrity.
The FCA also plays a crucial role in developing and implementing regulations that promote financial stability and protect the UK economy.
In Conclusion
The FCA is vital for ensuring consumer protection, market integrity, and competition in the UK’s financial sector. Its regulatory oversight helps maintain trust in financial services and promotes a stable economic environment.
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Frequently Asked Questions
What is the main role of the FCA?
The FCA regulates financial services firms to protect consumers, maintain market integrity, and promote competition.
When was the FCA established?
The FCA was established in April 2013, replacing the Financial Services Authority (FSA).
What types of firms does the FCA regulate?
The FCA oversees various financial institutions, including banks, insurance companies, investment firms, and financial advisers.
How does the FCA protect consumers?
The FCA ensures that firms act in the best interests of consumers, provide resources for financial education, and take action against firms that mislead or exploit consumers.
What is the difference between the FCA and the PRA?
The FCA focuses on consumer protection and market integrity, while the Prudential Regulation Authority (PRA) is concerned with the stability and soundness of financial institutions.
How does the FCA enforce regulations?
The FCA conducts regular supervision, monitors compliance, and can take enforcement actions, including fines and bans, against firms that violate regulations.
Can consumers file complaints against regulated firms?
Yes, consumers can file complaints with the FCA, and the FCA provides guidance on how to resolve disputes with financial firms.
What is the FCA’s approach to competition?
The FCA promotes competition by preventing anti-competitive practices and supporting new entrants to the market to enhance consumer choice.
How can I stay informed about FCA regulations?
The FCA publishes updates, guidelines, and consultation papers on its website, along with news releases about important regulatory changes.
Is the FCA involved in anti-money laundering efforts?
Yes, the FCA plays a significant role in enforcing anti-money laundering regulations and ensuring that firms implement effective controls to prevent financial crime.
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