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Forex Brokers: Five best FCA regulated (UK Licensed)
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Forex Brokers: Five best FCA regulated (UK Licensed)
Regulation of financial services firms and the stability of UK financial markets are both tasks assigned to the Financial Conduct Authority (FCA).To get more news about fsc regulated forex brokers, you can visit wikifx.com official website.
The FCA works on both retail and wholesale service providers to ensure proper behaviour and to protect consumers from fraud.Members of the financial services industry pay fees to cover the costs of regulating companies that provide services to customers.
FXTM is a licensed and well-regulated broker internationally, including the United Kingdom, South Africa, Belize, Cyprus, and Mauritius, to name a few examples. They also have a slew of accolades to their name.There is a large choice of financial instruments and derivatives to choose from at FXTM, including currency trading.
eatures: Regulation, CySEC, FCA, FSCA; Minimum deposit from $100; Average spread from 0.9 pips; No commission; Deposit/withdrawal fees $3; Maximum leverage 1:500 on average; $300 Trading Bonus; Customer support 24/5.2.XM
Over 1000 financial instruments are offered by XM Global which was created in 2017 and covers Forex Trading, Stocks and Commodities CFDs and Equity Indices CFDs.
MetaTrader 4 and MetaTrader 5, the two most extensively used trading platforms, are available on XM's real and demo accounts.Pros: Low minimum deposit; Comprehensive educational offering; Streamlined account opening process.Cons: Inactivity fee charged after 90 days on live accounts; Limited product portfolio.
Features: Regulation, IFSC, ASIC, CySEC, FCA and DFSA; Minimum deposit from $5; Average spread from 0.1 pips; Commissions from $3.5, commission per $100 000 traded; No deposit/withdrawal fees; Maximum Leverage 1:30; $30 Trading bonus; Customer support 24/5.
3.AvaTrade
In 2006, AvaTrade was established. The broker is based in Dublin but they have offices all over the world.
At AvaTrade, you may trade more than 250 different financial instruments including more than 60 different currency pairings, the major stock indexes, cryptocurrencies, commodities, bonds, individual stocks and exchange-traded funds (ETFs).
Pros: Broad range of tradable instruments; MetaTrader 4 and 5 available; Excellent educational resources.Cons: High EURUSD and inactivity fees.
Features: Regulation, Central Bank of Ireland, MiFID, ASiC, BVI; Minimum deposit from $100; Average spread from 0.9 pips; No commission on Forex; No deposit/withdrawal fees; Maximum Leverage 1:400; First deposit bonus; Customer support 24/5 - multilingual.