IMPORTANT: In April 2013 the FSA was split into two separate agencies – the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The PRA will be in charge of overseeing larger financial organizations like banks and insurance companies, and forex brokers will be overseen by the FCA.
Financial Services Authority (FSA) is the regulator that oversees the operations of financial services providers in Great Britain – brokerage houses, exchanges and other financial services market all fall under FSA jurisdiction.
Unlike offshore companies, FSA regulated brokers can't spend clients’ money to cover their expenses. They must keep all clients funds in segregated accounts with bank, approved by FSA.
If a FSA regulated broker go bancrupt, its clients are covered by the Financial Services Compensation Scheme (FSCS). Forex traders are entitled to receive 100% the first £30,000 + 90% of the next £20,000, but no more than £48,000 in total.
Below is a list of FSA Regulated Forex Brokers
|$5||1:888||1.1||100% Bonus||Review Website|
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|$500||1:500||2||Swap free accounts||Review Website|