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)

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

BrokerDossier ScoreEntity serving youMin. depositPlatformsActions
Admirals Founded 2001 48 Admirals SC Ltd FSA Seychelles #SD073 Tier 3 (offshore) $100 MT4MT5 Review Visit site
Axi Founded 2007 36 AxiTrader Limited SVG FSA #25417 BC 2019 Registration only $0 MT4MT5 Review Visit site
Capital.com Founded 2016 44 Capital Com Online Investments Ltd SCB #SIA-F245 Tier 3 (offshore) $20 Own platformMT4TradingView Review Visit site
City Index Founded 1983 Listed 89 StoneX Financial Ltd FCA #446717 Tier 1 — Own platformMT4TradingView Review Visit site
CMC Markets Founded 1989 Listed 91 CMC Markets UK plc FCA #173730 Tier 1 $0 Own platformMT4TradingView Review Visit site
Eightcap Founded 2009 46 Eightcap Global Ltd SCB #SIA-F220 Tier 3 (offshore) $100 MT4MT5TradingView Review Visit site
eToro Founded 2007 Listed 56 eToro (Seychelles) Ltd FSA Seychelles #SD076 Tier 3 (offshore) $50 Own platform Review Visit site
Exness Founded 2008 42 Exness (SC) Ltd FSA Seychelles #SD025 Tier 3 (offshore) $10 MT4MT5Own platform Review Visit site
FOREX.com Founded 2001 Listed 62 GAIN Global Markets Inc. CIMA #25033 Tier 3 (offshore) $100 Own platformMT4MT5TradingView Review Visit site
FxPro Founded 2006 40 FxPro Global Markets Ltd SCB #SIA-F184 Tier 3 (offshore) $100 MT4MT5cTraderOwn platform Review Visit site
FXTM Founded 2011 38 Exinity Limited FSC Mauritius #C113012295 Tier 3 (offshore) $200 MT4MT5 Review Visit site
HFM Founded 2010 42 HF Markets (Seychelles) Ltd FSA Seychelles #SD015 Tier 3 (offshore) $0 MT4MT5Own platform Review Visit site
IG Founded 1974 Listed 60 IG International Limited BMA Tier 3 (offshore) — Own platformMT4TradingView Review Visit site
Interactive Brokers Founded 1978 Listed 91 Interactive Brokers LLC CFTC/NFA #0258600 Tier 1 $0 Own platformTradingView Review Visit site
OANDA Founded 1996 54 OANDA Global Markets Ltd BVI FSC Tier 3 (offshore) $0 Own platformMT4MT5TradingView Review Visit site
Pepperstone Founded 2010 54 Pepperstone Markets Limited SCB #SIA-F217 Tier 3 (offshore) $0 MT4MT5cTraderTradingView Review Visit site
Plus500 Founded 2008 Listed 62 Plus500SEY Ltd FSA Seychelles #SD039 Tier 3 (offshore) $100 Own platform Review Visit site
Saxo Founded 1992 Bank 76 Saxo Bank A/S Danish FSA #1149 Tier 2 $0 Own platformTradingView Review Visit site
Swissquote Founded 1996 Listed Bank 89 Swissquote Bank Ltd FINMA Tier 1 $1,000 MT4MT5Own platform Review Visit site
ThinkMarkets Founded 2010 48 TF Global Markets Int Limited FSA Seychelles #SD060 Tier 3 (offshore) $0 MT4MT5TradingViewOwn platform Review Visit site
Tickmill Founded 2014 38 Tickmill Ltd FSA Seychelles #SD008 Tier 3 (offshore) $100 MT4MT5TradingView Review Visit site
Vantage Founded 2009 46 Vantage Global Limited VFSC #700271 Tier 3 (offshore) $50 MT4MT5TradingViewOwn platform Review Visit site
XTB Founded 2002 Listed 50 XTB International Limited FSC Belize Tier 3 (offshore) $0 Own platform Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.