{"id":215,"date":"2016-08-31T08:09:01","date_gmt":"2016-08-31T08:09:01","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=215"},"modified":"2020-09-21T11:39:45","modified_gmt":"2020-09-21T11:39:45","slug":"fca-registered","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/fca-registered\/","title":{"rendered":"FCA Regulated Brokers"},"content":{"rendered":"

\"fcaThe United Kingdom, with London not only being the capital of the monarchy but also one of the capitals of the Forex trading market<\/a>, offers a very well regulated market in currency pairs.
\nAs a lead actor in this industry, it is no surprise that the UK stays on top of things.
\nThere are certain risks that the Forex business brings along which cannot be influenced, but risks related to bad broker management can and should be avoided. As a trader, you are already stressed about the happenings, the ups and downs in the market, and should under no circumstances be mistreated by your brokerage company.
\nTo prevent misconduct and illegal actions in this business with high scamming potential, the UK government took the business under a closer look and established bodies to regulate the market and companies in the market. The FCA Forex brokers are trustworthy companies thanks to careful monitoring and strict rules enacted upon them.<\/p>\n

The FCA<\/h2>\n

The Financial Conduct Authority (FCA)<\/a> is the strong force that keeps many broker companies transparent. The government body works with the HM Treasury and makes a massive effort to protect consumers and traders, enhance market integrity, and promote healthy competition in the interest of consumers.
\nThere are 56,000 FCA regulated brokers, securing fair trade and a transparent market for consumers.
\nThe UK\u2019s number one regulator of business conduct is also the prudential regulator for 24,000 of the firms above. The responsibility of conduct and prudential regulation was transferred to the FCA in early spring of 2013.
\nThe modern economy could not function without the Forex market since many economies rely heavily on the movements in the market. Therefore, the important role it plays is not to be neglected. The FCA takes its tasks very seriously, especially because they are aware of the influence the market could have on the government, companies, and individuals.
\nIf they ensure a fair and competitive market, then consumers, staff, shareholders, and investors benefit from such a healthy market and ensure trust among UK citizens.
\nGoals of the FCA:
\n1. Steady and advanced integrity of the financial system in the UK
\n2. Protection of consumers and protection of the financial market and the UK economy in general
\n3. Promotion of healthy competition benefiting the consumers
\nThe FCA is supervised by the Parliament and the Financial Ministry (Treasury), but yet it is not funded from the Monarchy\u2019s budget, but from private sources.
\nNamely, they charge fees to the companies they regulate and create their own independent budget.
\nThey submit annual reports to the Treasury who then send it to the Parliament for revision. All aspects of their conduct are being scrutinized by the MPs. If necessary, they can ask the FCA to submit specific data anytime, aside from the regular annual report.
\nThe FCA works with:<\/p>\n