Regulatory organisation FCA

Broker
Rating
Information
Spread
632
Rating
12 2 5
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
462
Rating
14 8 3
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
453
Rating
1 0 0
Reviews
$100
Min. deposit
1:300
Max. shoulder
Spread
442
Rating
63 17 4
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
441
Rating
2 1 0
Reviews
$0
Min. deposit
1:400
Max. shoulder
Spread
439
Rating
0 1 2
Reviews
$0
Min. deposit
1:50
Max. shoulder
Spread
427
Rating
19 11 0
Reviews
$300
Min. deposit
1:500
Max. shoulder
Spread
423
Rating
1 1 1
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
420.6
Rating
65 23 4
Reviews
$1
Min. deposit
1:500
Max. shoulder
Spread
412.2
Rating
1 1 0
Reviews
$500
Min. deposit
1:200
Max. shoulder
Spread
410
Rating
0 1 1
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
406
Rating
11 13 2
Reviews
$100
Min. deposit
1:200
Max. shoulder
Spread
406
Rating
4 4 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
403
Rating
3 1 1
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
402
Rating
0 1 2
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
397
Rating
22 1 6
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
390
Rating
0 1 3
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
388
Rating
0 1 0
Reviews
$100
Min. deposit
1:400
Max. shoulder
Spread
383
Rating
1 3 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
379.8
Rating
65 28 2
Reviews
$500
Min. deposit
1:200
Max. shoulder
Spread
372
Rating
1 1 1
Reviews
$250
Min. deposit
1:400
Max. shoulder
Spread
371.8
Rating
2 0 1
Reviews
$1000
Min. deposit
1:200
Max. shoulder
Spread
369
Rating
1 1 3
Reviews
$50
Min. deposit
1:400
Max. shoulder
Spread
368
Rating
0 1 0
Reviews
$200
Min. deposit
1:1000
Max. shoulder
Spread
361
Rating
0 0 1
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
354
Rating
0 0 3
Reviews
$50
Min. deposit
1:200
Max. shoulder
Spread
350.8
Rating
273 23 2
Reviews
$500
Min. deposit
1:500
Max. shoulder
Spread
342
Rating
1 2 0
Reviews
$500
Min. deposit
1:400
Max. shoulder
Spread
338
Rating
0 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
337
Rating
1 1 1
Reviews
$200
Min. deposit
1:400
Max. shoulder
Spread
336.2
Rating
1 2 2
Reviews
$1
Min. deposit
1:200
Max. shoulder
Spread
333
Rating
0 1 0
Reviews
$0
Min. deposit
1:400
Max. shoulder
Spread
331
Rating
0 1 1
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
321.6
Rating
6 0 0
Reviews
$50
Min. deposit
1:50
Max. shoulder
Spread
301.2
Rating
19 8 9
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
296
Rating
3 2 2
Reviews
$25
Min. deposit
1:500
Max. shoulder
Spread
289
Rating
1 1 0
Reviews
$5000
Min. deposit
1:100
Max. shoulder
Spread
281
Rating
0 1 3
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
279
Rating
0 1 0
Reviews
$500
Min. deposit
1:30
Max. shoulder
Spread
268
Rating
2 1 0
Reviews
$2000
Min. deposit
1:100
Max. shoulder
Spread
263
Rating
1 0 2
Reviews
$500
Min. deposit
1:500
Max. shoulder
Spread

Financial Conduct Authority (FCA) is an independent non-governmental financial regulator under the control of the Ministry of Finance of the UK. Previously, the regulator FCA was called the FSA (Financial Services Authority). But with the release of a new British law from 1 April 2013 on the control of financial markets "Directorate for financial regulation and supervision in the UK" (FSA) split into two knobs: "Finance activity" (FCA) and "On prudential supervision" (PRA). In fact, the FCA has remained the same goals and objectives, and its predecessor the FSA, but has narrowed list of companies that fall under the jurisdiction of the regulator (mainly brokers, small and medium-sized banks, investment companies and foundations), and greatly expanded powers that the FCA can apply to them in case of detection of violations of rules and fraud. As for the PRA, a subsidiary of the Bank of England, the regulator monitors the activities of large financial institutions such as major banks and insurance companies.

Objectives of the FCA are:

  • guarantees to market participants in accordance with the UK legislation;
  • maintaining financial stability of UK;
  • protection of investors ' rights.
  • creating conditions for the transparency of financial markets;
  • contribution to the reduction of financial crime.

The core objectives of the FCA include:

  • guarantee the safety of consumers of financial services;
  • organization and maintenance of fair competition;
  • ensuring the integrity of the financial system in the UK.

In fact, financial markets are under full control of the Bank of England and regulatory bodies FCA and PRA are responsible for regulating the activity of over 50 thousand financial companies, monitor the performance of their duties in front of their customers, and also carry out measures to prevent fraud. So, the FCA may restrict the advertising of financial services and even ban them, if it is determined that financial services have higher risks.

To obtain a license of the FCA is quite simple. You need to fill out an application, pay a membership fee of up to 25 thousand British pounds, to provide a business plan and financial statements for last year. But to keep the license of the FCA is much more complicated, as the regulator constantly carries out inspections and audits, reviews monthly reports of the company, requiring brokers information about each concluded their transaction, and most important condition is that the broker kept the money of their clients in segregated accounts separate from their capital. In case of detection of violations of these requirements, the FCA not only may cancel a broker's license, but also maximally inform the society about the violations of this company, undermining its credibility and will negatively affect future activities.

That is why FCA is one of the most reliable regulators, and brokers are trying to get a license, opening a subsidiary in the UK. For investors, the FCA serves as a guarantee of their investments even in the event of bankruptcy of the company, and for brokers FCA is a good advertisement of their activity as on the FCA's website published an open list of companies that have received her license.