Based on where you live, our UK-regulated entity could be a good fit for you. Key advantages of trading with a well-regulated broker are:
- minimum financial and trading standards they must meet,
- ongoing monitoring by the regulators to ensure compliance,
- a framework for handling complaints from customers, and the
- power to enforce actions against regulated brokers for violations.
Specifically, best execution is a requirement of the EU Markets in Financial Instruments Directive (MiFiD) and the Financial Conduct Authority (FCA), and applies to all firms regulated in Europe who execute orders on behalf of retail and professional clients.
At its heart, best execution refers to our obligation to take all sufficient steps to consistently obtain the best possible result when executing orders on our clients’ behalf.
Furthermore, since FOREX.com UK is regulated by the Financial Conduct Authority, your funds deposited with us would be protected for up to £50,000 by the Financial Services Compensation Scheme.
Also, FOREX.com UK can provide you with access to trade commodities (Oil), indices (S&P 500) and cryptocurrencies (Bitcoin) in addition to the currencies (Euro) and metals (Gold) you can trade through FOREX.com US*.
It’s hard to get official volume numbers for all the market participants, since the forex market is not centralized. Private companies do not have to disclose their financials as we have to as part of a publicly-traded company, GAIN Capital (NYSE ticker: GCAP). However, industry reports such as Finance Magnates’ list us among the biggest.
*Spot bitcoin trading is not available to FOREX.com US clients at this time, but US residents now have access to bitcoin futures trading.