Is Forex Trading Legal in UK? Let’s Find Out - Eaglesinvestors

Forex Trading Experience

I remember when I started in 2007, I was just 17 and required to wait more 6 months to open a real account, with real money, but I was inquiring a lot, training with my demo account, so I didn’t need to wait. Long story short, I decided to use my mother’s name to open my first real account! Before investing an amount, I was curious about the thought that came into my mind, Is Forex trading legal in UK? Well, I found the answer soon.

I started my venture with £500 that I saved with a part-time job. I felt so dominant, I was a “trader,” I was making money from home! This lasted a couple of months, and I blew up my account. I was overwhelmed.

I will never disregard how I felt at that time! Apparently, this event of my life made me concentrate so much on studying the Forex market and try to become the best trader of all time.

I went through University studying statistics for the financial markets. Besides, I attended so many courses and I have studied more than 100 books. I have been a moderator for one of the most famous forums about Forex. And I have never quit learning, and I will never stop.

Is Forex trading legal in UK seems a fine question for the people of the UK? Just like other countries, the UK allows Forex traders and brokers to earn money.

Is Forex Trading Legal in UK? 

For a Forex broker or Forex trader, the UK is an ideal place on the British desert island. It has always been known to acquire some of the most wanted traits when it comes to trading. It provides traders with trading products and services that are always the most up-to-date, relevant, and admirer of both abroad and home. In fact, the financial market in the UK shows off new regulatory guidelines for those who are well familiar with Forex trading. These guidelines are, most of the time, tailor-made for the professional Forex traders.

While choosing any broker, the UK laws are much more flexible. No strict trade restrictions are provided, and no violation of laws or money laundering exists. However, Forex trading is entirely legal in the UK as these regulatory and legal conditions are the reasons that UK Forex brokers have been at the head of the queue. When it comes to customer services, helping traders make a profit at the day end, and dedication to keep transactions secure.

It was critical to know the answer to this question, is Forex trading legal in UK, when I participated in the Forex trading market. Other than that, everyone must know about which customs and laws control the right trading procedures. There are three leading institutions and agencies in the UK that make sure traders will be provided with fair conditions, and their funds will not be subjected to scams.

In the UK, the most vital regulatory body in charge of regulating Forex brokers is the FCA, Financial Conduct Authority. This agency is independent of other organizational entities. It also assigned to managing the legality of all UK companies as well as individual investors who contribute to Forex trading.

Here is a list of the Forex brokers who are regulated with FCA.

FCA.

FCA Regulated Forex Brokers

  • Forex.com
  • XM
  • UFX
  • Pepperstone
  • XTB
  • eToro
  • Plus500
  • City Index
  • CMC Markets
  • Saxo Bank
  • IG
  • OANDA
  • LCG
  • Forex Time
  • FX Choice

This list is just a brief overview of the Forex brokers who are regulated by FCA. If we randomly pick up UFX or Pepperstone, we cannot say that one broker is better than other.

You have the full choice to select whichever broker you prefer. To choose the best Forex broker from the above mentioned, randomly selected two brokers, you need to read UFX review as well as Pepperstone review, simultaneously. You will get to know lots of new things, and it helps in making the disturbing points more precise in your mind.

Final Thoughts

Definitely, after that, you will be able to choose the right broker independently. However, Forex trading is not an easy thing, and it requires time, attention, and the most valuable experience. At times, the Forex trading market is considered as unpredictable because even experts can lose money, and beginners can have profits. So it goes vice versa, and you must not stick to the fact that you have enough knowledge and experience so you will never lose in trading. The query “Is Forex trading legal in UK” must be now very clear to everyone. Keep on trying your luck, and you will get success!

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