The Financial Services Authority (FSA) is a financial services regulating agency in the UK. In this article, we reveal the pros and cons of our 15 Best FSA Forex Brokers and we review the features, tools, platforms, trading conditions and instruments these brokers offer.
How to check if a broker is regulated by the FSA
If you want to make sure the broker you are trading with is regulated by the FSA, you can check the broker’s unique FSA registration number and search for it on the FSA register list.
All you need to do is go to the FSA website, click on the “Regulated Entities” tab and choose an option from the drop-down menu.
Every broker that has an active FSA license and is authorised to provide trading services will be found on the official FSA register.
What to do if you have a complaint
If you have reason to believe that you have been treated unfairly by an FSA-regulated broker or you have found an unauthorised broker that claims to have a false FSA service license, you can lodge an official complaint on the FSA website.
Under the “Customers” tab, you will find information about consumer rights, known scams and how to avoid them, applying for compensation and everything else you need to know as a consumer and member of an FSA-regulated firm.
Exness
Overall Rating Rated #1 of USD 10 FSA, CBCS, FSC, FSC, FSCA, CySEC, FCA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, ZAR, CHF, NZD, SGD, JPY, AUD Yes 1:unlimited 🛒 Instruments 100+ Forex, Cryptocurrencies, Energies, Metals, Shares, Stocks, Commodities 🏛️ Visit Broker
4.9/5
Recommended FX Brokers
Min. Deposit
Regulators
Islamic Account
Leverage
Exness is regulated by SFSA, FSCA, CySEC and FCA and has over 100,000 clients.
To open an account with Exness, a minimum deposit o only $10 is required and accounts can be funded using AUD, SGD, NZD, ZAR, USD, CHF, JPY or EUR.
Exness offers a wide range of Energies, Shares, Stocks, Commodities, Cryptocurrencies, Metals and Forex pairs and their accounts can be connected to MT4 and 5.
Exness Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated | No trading bonus |
| Low minimum deposit | |
| 5+ account currencies | |
| 105+ Forex pairs |
HFM
Overall Rating USD 5 FCA, FSA, FSCA, DFSA, CySEC, FSC 📱 Platfoms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, ZAR, USD, NGN Yes 1:1000 🛒 Instruments Forex, Metals, Energies, Indices, Shares, Commodities, Bonds, Stocks, ETFs 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
HFM (formerly HotForex) has more than 3.5 million clients and is regulated by CySEC, DFSA, FSCA, FCA, FSC and FSA.
HFM requires a minimum deposit of only $5 and you can fund your account using Skrill, Visa credit and debit cards, and bank transfers.
No deposit fees are charged for any of the payment methods and wire transfer has free deposits for amounts over $100.
All deposits, except wire transfers, will be processed within 10 minutes.
HFM Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated | 4 account currencies |
| Trading bonuses | Inactivity fee |
| Tight spreads | |
| Low minimum deposit |
AvaTrade
USD 100 MiFID, FSA, ASIC, BVI, FFAJ, FSCA, ADMG, FRSA 📱 Platforms MetaTrader 4, MetaTrader 5 ₿ Crypto Yes 💵 Account Currency AUD, EUR, USD, GBP, CHF Yes 1:400 🛒 Instruments Forex, Bonds, Stocks, Commodities, ETFs, Indices, Crypto 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
AvaTrade is regulated by multiple tier-1 financial organizations and has more than 300,000 clients.
AvaTrade has won over 100 international awards and is a beginner-friendly broker.
AvaTrade offers a variety of instruments that you can trade on MT4 and 5 and the proprietary AvaTrade platforms.
AvaTrade Pros and Cons:
| ✔️Pros | ❌Cons |
| Multiple platforms | No USA clients |
| Suitable for beginners | Minimum deposit may be high (exchange rates) |
| Spreads from 0 pips | |
| 4 account types |
BDSwiss
USD 200 CySec, FSC, FSA, BaFin, NFA 📱 Platforms MT4, MT5, BDSwiss app Yes 💵 Account Currency EUR, USD, GBP, PLN, CHF, SEK, DKK, NOK Yes 1:500 🛒 Instruments Forex, Commodities, Shares, Indices, CryptocurrenciesMinimum Deposit Regulators Islamic Account Leverage
BDSwiss is an award-winning Forex broker that is focused on ECN and STP trading, and it is regulated by 3 major bodies.
This broker was founded in 2012 and offers over 250 trading products, as well as a trading academy for beginners and advanced research and trading tools for more experienced traders.
In addition to the trading academy, BDSwiss provides daily market analyses and live education.
A total of more than $84 billion is traded on BDSwiss every month and this broker is trusted by over 1.5 million traders.
BDSwiss Pros and Cons:
| ✔️Pros | ❌Cons |
| Zero-commission accounts | No Only 3 base currencies supported |
| Great variety of research tools | Not available to US citizens |
| Instant withdrawals | |
| Beginner-friendly |
easyMarkets
Overall Rating USD 25 CySEC, ASIC, FSA 📱 Platforms MT4, TradingView, easyMarkets app ₿ Crypto Yes 💵 Account Currency EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC Yes 1:400 🛒 Instruments Forex, Shares, Crypto, Metals, Commodities, Indices 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
easyMarkets offers special swap-free accounts with a limit of 14 days per trade before fees will be charged.
easyMarkets accounts have negative balance protection, 24/5 customer support and access to daily technical analysis emails by Trading Central.
Accounts have no slippage guaranteed and you can use proprietary tools like dealCancellation and Freeze Rates.
easyMarkets Pros and Cons:
| Beginner-friendly | No USA clients |
| 15+ base currencies | |
| Tier-1 regulations |
OctaFX
Overall Rating USD 100 FSA, SVGFSA 📱 Platforms MT4, MT5, OctaFX app ₿ Crypto Yes 💵 Account Currency EUR, USD Yes 1:500 🛒 Instruments Forex, CFDs, Stocks, Commodities, Cryptocurrencies 🏛️ Visit Broker
3.7/5
Minimum Deposit Regulators Islamic Account Leverage
In 2011, OctaFX was established and it is available in 100 countries and has more than 6 million loyal clients.
Traders can choose from 2 types of accounts with tight, floating spreads, no commission fees and flexible leverage.
OctaFX allows Hedging and Scalping and allows trading with Expert Advisors.
The website is easy to use, and OctaFX facilitates copy trading and rewards clients through its referral program and several different promotional offers.
There is an extensive library of educational content provided and OctaFX is a great option for professional traders and clients who have never traded before.
OctaFx Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | Limited product offering |
| Tight spreads | Only 2 base currencies accepted |
| CopyTrader-friendly | |
| Compatible with popular platforms |
Blackbull Markets
Overall Rating USD 0 FMA 📱 Platforms MT4, MT5 ₿ Crypto No 💵 Account Currency USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, ZAR Yes 1:500 🛒 Instruments 26,000+ Forex, Indices, Commodities, Metals, Energy 🏛️ Visit Broker Blackbull markets
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
Clients of Blackbull Markets can choose from 3 unique accounts that are compatible with the MetaTrader 4 and 5 platforms.
Blackbull Markets offers active trader rewards and referral bonuses, and also allows traders to use ZuluTrade and Myfxbook.
Blackbull Markets gives its clients access to VPS trading, NYC servers and BeeksFX, and there are more than 300 tradable products to explore.
Blackbull Markets Pros and Cons:
| ✔️Pros | ❌Cons |
| Zero-commission trading accounts | No access to US clients |
| Low spreads with fast execution speeds | Fixed spread accounts not available |
| More than 300 trading instruments | No Crypto trading |
| Excellent partnership programs |
Pepperstone
Overall Rating USD 200 ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN 📱 Platforms MT4, MT5, cTrader ₿ Crypto Yes 💵 Account Currency USD, GBP Yes Low 🛒 Instruments Forex, Crypto, Shares, ETFs, Indices, Commodities 🏛️ Visit Broker
4.0/5
Minimum Deposit Regulators Islamic Account Leverage
Pepperstone is a popular social trading broker with more than 300,000 clients.
We recommend Pepperstone for hedgers, scalpers and EA traders.
Pepperstone clients can use Figaro, Autochartist and a variety of other SMART trading tools.
Pepperstone Pros and Cons:
| ✔️Pros | ❌Cons |
| Tier-1 regulations | High min. deposit |
| Allows hedging, scalping and EA | Low leverage |
| Plenty of tools | |
| No inactivity fee |
XM
Overall Rating USD 5 ESMA, CySEC, ASIC, FCA, IFSC, DFSA 📱 Platforms Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform ₿ Crypto No 💵 Account Currency USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB Yes 1:1000 🛒 Instruments Commodities, Forex, Stocks, Crypto, Metals, Shares, Energies 🏛️ Visit Broker
4.1/5
Minimum Deposit Regulators Islamic Account Leverage
XM offers more than 1,000 instruments and 24/7 trading on crypto CFDs.
There are more than 55 currency pairs you can trade with XM and over 600 stocks.
XM is a great option for beginners and plenty of educational resources and research material is provided.
You can earn up to $5,000 in bonuses with XM’s promotional offers and free VPS is also offered
XM Pros and Cons:
| ✔️Pros | ❌Cons |
| 6+ account currencies | Inactivity fees |
| Many regulations | No USA clients |
| Negative Balance Protection | Inactivity is penalised |
| Low minimum deposit |
Alpari
USD 5 FSC 📱 Platforms MT4, MT5, Alpari Mobile ₿ Crypto No 💵 Account Currency USD, EUR, GBP, NGN Yes 1:1000 🛒 Instruments Forex, Metals, CFDs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Alpari is an FSC-regulated broker that was founded in 2012 and has more than 2 million clients.
Alpari is a great option for beginners and copy traders.
Alpari offers 4 types of accounts and hundreds of tradable instruments.
Alpari Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | 4 base currencies |
| Good for copy trading | Not many regulations |
| Beginner-friendly | No USA clients |
| Massive client base |
Tickmill
Overall Rating USD 100 FCA, FSCS, FSA, CYSEC, MiFID, ESMA 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency EUR, GBP, USD Yes 1:500 🛒 Instruments Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs, Forex, Commodities 🏛️ Visit Broker
4.8/5
Minimum Deposit Regulators Islamic Account Leverage
Tickmill offers tight spreads and a $30 welcome bonus.
Tickmill was founded in 2014 and offers commission-free trading and 3 types of accounts.
Tickmill is highly regulated and provides an economic calendar, educational content and plenty of research material.
Tickmill Pros and Cons:
| ✔️Pros | ❌Cons |
| Negative Balance Protection | No USA clients |
| Good selection of tools and resources | No crypto |
| Commission-free trading | 3 base currencies |
| Tier-1 regulations | |
| Flexible account types |
Dukascopy
USD 100 FINMA, FCMC, JFSA 📱 Platforms JForex, MT4 ₿ Crypto Yes 💵 Account Currency SEK, SGD, TRY, XAU, ZAR, USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, RUB, CNH Yes 1:2000 🛒 Instruments Forex, Metals, Energy, Crypto, Indexes, Bonds, Stocks, ETFs 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Dukascopy allows the use of a swap-free account on the MT4 platform.
There are several different account types on offer but only one swap-free account.
You can fund your swap-free account using more than one currency and there are plenty of trading tools and research materials provided.
Dukascopy Pros and Cons:
| 15+ base currencies | No USA clients |
| Trading bonuses | Not many regulations |
| Good for automated trading |
IG
Overall Rating USD 0 FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC 📱 Platforms MT4, ProRealTime, L2 Dealer ₿ Crypto Yes 💵 Account Currency USD, GBP, AUD, EUR, SGD, HKD Yes 1:30 🛒 Instruments Crypto, Forex, Indices, Shares, Commodities 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
IG was founded in 1974 and has more than 300,000 clients.
IG offers more than 17,000 instruments and offers accounts for professional, retail and institutional clients.
IG also provides educational resources and is a great option for beginners.
IG Pros and Cons:
| ✔️Pros | ❌Cons |
| Highly regulated | High min. deposit |
| Great educational tools | Low leverage |
| Low trading fees |
Admirals
USD 1 ASIC, FCA, EFSA, CySEC 📱 Platforms MT4, MT5, Admirals app ₿ Crypto Yes 💵 Account Currency USD, CHF, EUR, BGN, HRK, PLN, RON, CZK, HUF, GBP Yes 1:30 🛒 Instruments Forex, Commodities, Indices, Stocks, ETFs, Bonds 🏛️ Visit BrokerMinimum Deposit Regulators Islamic Account Leverage
Admirals (formerly Admiral Markets) offers 5 types of accounts and has more than 40,000 clients.
Admirals offers over 3,700 instruments and has 16 international offices.
You can make deposits for free using bank transfer or Visa and Mastercard and card payments are processed instantly.
Admirals Pros and Cons:
| ✔️Pros | ❌Cons |
| Low minimum deposit | Low leverage |
| Trading bonuses | Inactivity fees |
| Negative balance protection | |
| 3,000+ instruments |
JustForex
Overall Rating USD 1 IFSC 📱 Platforms MT4, MT5 ₿ Crypto Yes 💵 Account Currency USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR Yes 1:3000 🛒 Instruments Forex, Metals, Indices, Shares, Cryptocurrencies, energies 🏛️ Visit Broker
4.2/5
Minimum Deposit Regulators Islamic Account Leverage
JustForex is trusted by millions of traders from more than 190 countries and new clients benefit from a $30 welcome bonus for activating their accounts.
JustForex also rewards clients with a 120% deposit bonus and $50 for every successful referral.
JustForex offers a total of 7 account types with guaranteed tight spreads, and these accounts can be used on MetaTrader 4 and 5.
JustForex supports Social trading, offers more than 170 trading instruments and allows hedging, scalping and the use of Expert Advisors.
JustForex is a beginner-friendly Forex broker that provides webinars, educational webinars and several different articles that will help new traders learn the basics of trading.
JustForex Pros and Cons:
| ✔️Pros | ❌Cons |
| Tight spreads | withdrawal |
| hedging and scalping | no USA clients |
| copy trading supported | |
| low minimum deposit |
Conclusion
By trading with one of our top FSA-regulated brokers, you will have extra protection and security and these brokers will face serious legal consequences if they do not comply with FSA standards.
The FSA determines the leverage brokers offer, the minimum deposits and trading fees they charge and all other aspects of trading that affect consumers.
This organization prohibits any fraudulent activity or trading conditions that are not in the consumer’s best interests, so why trade with an unregulated broker when you can trade with one of our 15 Best FSA Forex Brokers?
We hope that this review will help you find a broker that aligns with your trading goals so that you can trade with confidence and peace of mind.
Good luck with your trading!
FAQ
What is the FSA?
The Financial Services Authority (FSA) is a financial services regulating agency in the UK.
What does the FSA do?
The FSA regulates brokers and financial services firms through a complex authorisation and verification process with the enforcement of international standards and regulations and supervises registered companies on an ongoing basis.
What jurisdiction is the FSA?
United Kingdom/London
