The best uk regulated forex brokers offer competitive trading conditions, advanced platforms and superior customer support. They comply with high financial standards and are supervised by a dedicated regulatory authority. These factors make them a top choice for traders of all levels of experience and investment capital.

Best spread betting brokers are licensed and regulated by the FCA, which sets rigorous rules for firms that sell CFDs or similar products to British traders. Its objectives include ensuring market integrity, protecting consumers and promoting competition.

In the UK, there are a number of different types of licenses that forex brokers can apply for. Dealer licenses enable firms to operate their own dealing desks and provide price quotes, while intermediary licenses allow them to use third-party liquidity providers to match client orders.

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Another important factor when choosing a forex broker is whether or not they are a member of the Financial Services Compensation Scheme (FSCS). This means that traders have access to up to 85,000 pounds of protection in case their broker goes bankrupt.

The FSCS covers deposits made by retail clients, including any losses they incur on trades that are opened and closed during the period covered by the policy. It is a requirement of the FCA that all forex brokers who are authorized to accept UK traders are members of the scheme. You can check a broker’s membership status on the FCA’s website by entering the firm’s registration number.