its headquarters located in the UK was founded in 2008. It is enough to have one Client account for all investors, which will be fenced from the Company account. It has the power to revoke licenses, oversee marketing and promotional materials, audit company financials, and ensure that the consumers get a reasonable deal while dealing with financial companies. Concerning general clients funds protection there is no major difference. Their main priority is to protect consumers against all types of fraud and financial crimes. However, the problem is that there are a number of forex brokers out there in the market and identifying the right one to work with can be a challenging task, especially if you are new to forex trading. However, there are instances where brokers or other types of financial companies attract clients by advertising false ebs fx trading system claims of being regulated by the FCA by using bogus license numbers and misleading links. Despite that the, fCA is an EU regulated body, the, fCA is highly active and sometimes stricter than the rest of the competent authorities in the. The, fCA, which was formerly known as the Financial Services Authority (FSA was introduced in the year 2013 when the. Therefore, firms regulated under the, fCA are expected to work in favour of their clients, and not against them.
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FCA, the broker has been targeting. How To Stay Protected From Scams Find A Good Broker FCA regulation is indeed a good indicator of the reliability of a broker, and it is essential for all UK consumers as well as traders from around the world to choose a broker that. FCA is oriented towards maintaining a fair code of conduct for all firms that provide financial services to consumers in the. If a FSA regulated company fails to meet its financial obligations, a liquidator would not be able to use clients money to meet claims of general creditors of the failed company. Payment options offered by the forex broker include Credit Card, PayPal, Wire Transfer, Skrill MoneyBookers. You dont have waste your precious time or hard earned money in order to evaluate hundreds of brokers operating in the country. Therefore, FCA forex brokers are considered to be highly reliable due to the various laws outlined in the code of conduct that is prescribed by the Financial Services Act of 2012. Traders who open accounts on their platform will have to deposit a minimum of 5 in order to start trading.