CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Financial Conduct Authority (UK)

The Financial Conduct Authority is the conduct regulator for financial services firms in the United Kingdom.

Our tier
Tier 1
Jurisdiction
United Kingdom
Public register
Open the official register

The Financial Conduct Authority is the conduct regulator for financial services firms in the United Kingdom. Firms that offer CFDs or spread bets to UK residents must be authorised by it and appear on the Financial Services Register.

What it means for a retail trader

Retail clients of FCA-authorised CFD firms get leverage capped at 30:1 on major currency pairs, negative balance protection, and segregation of client money. Eligible clients may be able to claim from the Financial Services Compensation Scheme (FSCS), up to £85,000 for investment claims, if the firm fails. The FCA has banned the sale of crypto-derivatives to retail clients.

How to check a firm

Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.

Brokers in our database with a FCA licence

BrokerTrust ScoreYour entity & regulatorMin. depositPlatforms
Admirals Since 2001 48/99 FSA Seychelles #SD073 Admirals SC Ltd $100 MetaTrader 4, MetaTrader 5 Review Visit AdmiralsOfficial site · we earn no commission here
Axi Since 2007 36/99 SVG FSA #25417 BC 2019 AxiTrader Limited $0 MetaTrader 4, MetaTrader 5 Review Visit AxiOfficial site · we earn no commission here
Capital.com Since 2016 44/99 SCB #SIA-F245 Capital Com Online Investments Ltd $20 Own platform, MetaTrader 4, TradingView Review Visit Capital.comOfficial site · we earn no commission here
City Index Since 1983 · NASDAQ: SNEX (parent) 89/99 FCA #446717 StoneX Financial Ltd — Own platform, MetaTrader 4, TradingView Review Visit City IndexOfficial site · we earn no commission here
CMC Markets Since 1989 · LSE: CMCX 91/99 FCA #173730 CMC Markets UK plc $0 Own platform, MetaTrader 4, TradingView Review Visit CMC MarketsOfficial site · we earn no commission here
Eightcap Since 2009 46/99 SCB #SIA-F220 Eightcap Global Ltd $100 MetaTrader 4, MetaTrader 5, TradingView Review Visit EightcapOfficial site · we earn no commission here
eToro Since 2007 · NASDAQ: ETOR 56/99 FSA Seychelles #SD076 eToro (Seychelles) Ltd $50 Own platform Review Visit eToroOfficial site · we earn no commission here
Exness Since 2008 42/99 FSA Seychelles #SD025 Exness (SC) Ltd $10 MetaTrader 4, MetaTrader 5, Own platform Review Visit ExnessOfficial site · we earn no commission here
FOREX.com Since 2001 · NASDAQ: SNEX (parent) 62/99 CIMA #25033 GAIN Global Markets Inc. $100 Own platform, MetaTrader 4, MetaTrader 5, TradingView Review Visit FOREX.comOfficial site · we earn no commission here
FxPro Since 2006 40/99 SCB #SIA-F184 FxPro Global Markets Ltd $100 MetaTrader 4, MetaTrader 5, cTrader, Own platform Review Visit FxProOfficial site · we earn no commission here
FXTM Since 2011 38/99 FSC Mauritius #C113012295 Exinity Limited $200 MetaTrader 4, MetaTrader 5 Review Visit FXTMOfficial site · we earn no commission here
HFM Since 2010 42/99 FSA Seychelles #SD015 HF Markets (Seychelles) Ltd $0 MetaTrader 4, MetaTrader 5, Own platform Review Visit HFMOfficial site · we earn no commission here
IG Since 1974 · LSE: IGG 60/99 BMA IG International Limited — Own platform, MetaTrader 4, TradingView Review Visit IGOfficial site · we earn no commission here
Interactive Brokers Since 1978 · NASDAQ: IBKR 91/99 CFTC/NFA #0258600 Interactive Brokers LLC $0 Own platform, TradingView Review Visit Interactive BrokersOfficial site · we earn no commission here
OANDA Since 1996 54/99 BVI FSC OANDA Global Markets Ltd $0 Own platform, MetaTrader 4, MetaTrader 5, TradingView Review Visit OANDAOfficial site · we earn no commission here
Pepperstone Since 2010 54/99 SCB #SIA-F217 Pepperstone Markets Limited $0 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit PepperstoneOfficial site · we earn no commission here
Plus500 Since 2008 · LSE: PLUS 62/99 FSA Seychelles #SD039 Plus500SEY Ltd $100 Own platform Review Visit Plus500Official site · we earn no commission here
Saxo Since 1992 76/99 Danish FSA #1149 Saxo Bank A/S $0 Own platform, TradingView Review Visit SaxoOfficial site · we earn no commission here
Swissquote Since 1996 · SIX: SQN 89/99 FINMA Swissquote Bank Ltd $1,000 MetaTrader 4, MetaTrader 5, Own platform Review Visit SwissquoteOfficial site · we earn no commission here
ThinkMarkets Since 2010 48/99 FSA Seychelles #SD060 TF Global Markets Int Limited $0 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit ThinkMarketsOfficial site · we earn no commission here
Tickmill Since 2014 38/99 FSA Seychelles #SD008 Tickmill Ltd $100 MetaTrader 4, MetaTrader 5, TradingView Review Visit TickmillOfficial site · we earn no commission here
Vantage Since 2009 46/99 VFSC #700271 Vantage Global Limited $50 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit VantageOfficial site · we earn no commission here
XTB Since 2002 · WSE: XTB 50/99 FSC Belize XTB International Limited $0 Own platform Review Visit XTBOfficial site · we earn no commission here

Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.