The UK Forex Brokers Protect The Trading Community With Strict and Proper Regulation
We cannot begin the dissection of the UK Forex brokers with any other feature, but their regulation. After all, the regulation is what distinguishes the different brokers as to their nationality and residence. Be aware that brokers in the UK are safe and reliable and there is nothing you should worry about when it comes to investing your money or filling the gaps in the registration process with your data when it comes to these certain websites. The regulation bodies that protect trading in the UK and UK-based brokers are supportive and very strict as to the frauds or scams, as well as to the improvement of the security level in this financial experience. See which agencies are in charge of the regulation in UK Forex brokers now:
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Min Deposit: $100
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Min Deposit: $100
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Financial Conduct Authority
The regulation of Forex UK Brokers is held by the well-known Financial Conduct Authority. You will find it with the abbreviation FCA, too. Be aware that this agency is the former FSA. Both bodies, though, have always done the same job, but with the establishment of the brand new name of FCA, new rules for stricter regulation were also applied. The specific thing about FCA is that it works independently from the government in the UK, while its funds come from the different fees the financial services industry customers pay.
The FCA focuses on retail and wholesale financial services firms and it has numerous infringements on both – regular traders as customers, as well as the financial firms that provide Forex trading services. The FCA is mainly in charge of protecting your data, as well as observing the faultless financial transactions that traders do alongside their experience in the Forex trading field.
European Union
As part of the EU, the UK has allowed the agencies from the Union, which are placed in charge of the control of the financial market services and gambling, too, to add their regulation measures. So what makes the UK Forex brokers so trustworthy is also the fact that they are double protected – from the official FCA in the UK and the European Union.
Be aware, though, that the EU is only a supportive – and extra additional body – and a trader does not have many options to make complaints or apply for an inquiry directly to the bodies in the EU. What the actually EU does is to support FCA and to improve the trading activity in general – for both, the brokers and the trading community.
Why UK Forex Brokers Are So Great?
There are many reasons why we believe that Forex brokers in the UK are indeed the greatest ones. Though, the following list of benefits of features will make it easier for you to determine how great these websites are indeed. See the pros behind the UK brokers now!
- UK brokers are numerous. Alongside Cyprus-based their number is the largest across the entire Forex trading world.
- The customer support services are almost always 24/7 and in multiple languages, so you don’t even have to be a British citizen to take advantage of constant assistance from the administrative team on a website.
- The variety of Forex bonuses is a thing that UK brokers have established, because they are the ones that have the vastest bonus systems.
- Very cool help for beginners in trading. This means that UK brokers take the responsibility to introduce the Forex world to the newcomers in it, which is a super extra, too, isn’t it?
Do not miss to read a few of our Forex broker reviews, where UK websites are listed, too. Here, you can find the top brokers in the UK without considering how safe they are, because we have selected only the best options for you! It’s always best practice to check where Forex trading is allowed country-wise.
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