Financial Conduct Authority
Major regulatorUnited Kingdom · FCA
The strongest combination available to a retail forex trader: a searchable public register, statutory compensation if the firm fails, and losses capped at account equity by rule rather than by the broker’s goodwill.
Compensation if the firm fails
Up to £85,000 per eligible person, per firm, for firms that failed on or after 1 April 2019 (FSCS).
FSCS — what we cover — read 2026-08-02
Negative balance protection
Required. Losses cannot exceed the funds in the account.
ESMA product intervention measures — read 2026-08-02
Check a licence yourself
Search the entity named in your client agreement — not the brand on the website. A group can hold this licence and still open your account on a different, offshore company.
Open the FCA registerBrokers that name FCA
Naming a regulator is not the same as your account being covered by it. Confirm the entity.
Sources
- FCA Financial Services Register — read 2026-08-02
- FSCS — what we cover — read 2026-08-02
- ESMA product intervention measures — read 2026-08-02