The Financial Conduct Authority (FCA) is the UK regulator. It is a control agency that regulates the activities of companies. Moreover, those companies that participate in the financing of the body fall under his control. Forex brokers are also included, and the FCA is responsible for overseeing their work to ensure client protection.
An FCA license is issued to a broker only if it meets all of the existing regulatory requirements of the said agency.
Based on FCA requirements, in order to obtain a license, you need a capital of at least £ 1 million. The number of clients working on the platform and the number of deposits are taken into account.
The FCA also works with the Bank of England (BOE) and the Prudential Regulatory Authority (PRA).
All brokers that are controlled by this body must comply with all its principles. They are required to create separate accounts for customers and companies.
JFS BROKERS owns the FCA license, thereby guaranteeing its clients a safe work, providing all the relevant benefits.