How to use this list
- FRNs below are taken from brokers' website footers (October 2026).
- Always verify on the FCA register before opening an account.
- Loss percentages are updated quarterly by each broker.
The list
| Brand | UK entity | FRN | Retail loss rate |
|---|---|---|---|
| Hantec Markets | Hantec Markets Limited | 502635 | XX% |
| IG | IG Markets Ltd (CFDs); IG Index Ltd (spread betting) | 195355; 114059 | 70% |
| Pepperstone | Pepperstone Limited | 684312 | 72.9% |
| CMC Markets | CMC Markets UK plc | 173730 | 69% |
| XTB | XTB Limited | 522157 | 74% |
| Spreadex | Spreadex Ltd | 190941 | 61% |
What FCA authorisation gives you
- Client money held in segregated accounts
- Negative balance protection and 30:1 retail leverage limits
- No bonuses or incentives
- Access to the Financial Ombudsman Service
- FSCS protection up to £85,000 for eligible claims
Groups with several entities
Most of these brands operate entities in other countries too. Your protections depend on the entity in your client agreement — for UK residents, that should be the FCA-authorised company listed above. Learn how in how to check a broker on the FCA register.
Frequently asked questions
How do I verify these FRNs?
Search each number on the FCA Financial Services Register and check the website address listed matches the broker's site.
Is this a complete list of FCA brokers?
No. It lists the brokers we cover. Many other firms are FCA-authorised — always check the register yourself.
What were "FSA regulated" forex brokers?
The Financial Services Authority (FSA) was the UK regulator until 2013, when the Financial Conduct Authority took over conduct regulation. Today, look for FCA authorisation.
Which are the most trusted forex brokers in the UK?
Trust starts with FCA authorisation and a long track record. The brokers on this list are all FCA-authorised; several, like IG and CMC Markets, have parent companies listed on the London Stock Exchange, and Hantec Markets belongs to a group active since 1990.
Should I choose a UK-based forex broker?
What matters most is that the company holding your account is authorised by the FCA. Many international brands serve UK clients through a UK-based, FCA-authorised subsidiary.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.