For forex brokers regulated by the FSA(UK), each investor is eligible for compensation in the event of default of the broker.
Below are the investment limits covered, and the claim process steps. The coverage is provided by the Financial Services Compensation Scheme - http://www.fscs.org.uk
Investment Limits:
The maximum level of compensation for claims against firms declared in default on or after 1 January 2010 is £50,000 per person per firm.
The maximum level of compensation for claims against firms declared in default before 1 January 2010 is 100% of the first £30,000 and 90% of the next £20,000 up to £48,000 per person per firm.
The claim process usually involves the following stages(from fscs.org.uk):
- We receive a claim and investigate the firm in question, finding that they are unable, or likely to be unable, to pay such claims
- We declare that firm in default
- We may try to contact you with an application form. You are also welcome to contact us in the meantime
- You submit an application
- We review and process your claim
- We inform you of our decision in writing
FxRebateGurus offers trading rebates for the following FSA UK regulated forex brokers, rebates are paid per round turn lot traded(100k traded).
Broker | Rebate Offer | Account Currency | Min Deposit | Min Trade Size | Max Leverage | EUR/USD | Deposit Methods | Year Founded | More Info |
|---|---|---|---|---|---|---|---|---|---|
 | $2 on Majors, $4 on Minors, $8 on Exotics | USD, EUR, GBP, CHF, JPY | $500.00 | 0.1 lots | 500:1 | 1.4 pips | Credit Card, Neteller, Bank Wire, PayPal, Moneybookers | 2008 | Demo account:demo FPA review of FxPRO |
 | 0.70 pips per trade | USD, EUR, GBP, CAD, JPY, NZD | $300.00 | 0.1 lot | 200:1 | 2.6 pips | Credit/Debit Card, Bank Wire, Paper Cheque | 1999 | Demo account:demo FPA review of FXCM |
 | 0.25 Pip rebate | CHF, USD, EUR, GBP, JPY, GLD(Gold) | $200.00 | 0.01 | 500:1 | 1.6 pips | Bank Wire, Credit Card | 1998 | Demo account: MT4 demo |
How rebates work:
1. A trader opens an account through FxRebateGurus(using our referral links found on each broker's page), the broker knows that the trader was referred by us so we are compensated for the trader's trading activity.
2. We share a majority of this commission received. The rebates are per round turn lot(100k traded).
Following is a list of authorised by the FSA forex brokers. Note however, there are many other companies in the FSA register holding a status EEA Authorised, those companies don't qualify for the above mentioned coverage, however they might be coverd under another compensation scheme
Firm Name | Website(s) | License Number |
|---|---|---|
| Alpari (UK) Ltd - | alpari.co.uk | 448002 |
| Forex Capital Markets Limited | fxcm.co.uk | 217689 |
| Gain Capital - Forex.Com UK Limited | Forex.Com | 190864 |
| City Index Limited a.k.a FX Solutions | cityindex.eu, fxsol.co.uk | 113942 |
| Activtrades Plc | activtrades.com | 434413 |
| London Capital Group Ltd | capitalforexpro.com, londoncapitalgroup.com | 182110 |
| CFH Markets Limited | cfhmarkets.com, cfhcompany.com/ | 481853 |
| City Credit Capital (UK) Ltd | cccapital.co.uk | 232015 |
| CMC Markets UK plc | cmcmarkets.co.uk | 173730 |
| Capital Market Services UK Ltd | cmsfx.co.uk | 488900 |
| Finotec Trading UK Limited | finotec.com | 470392 |
| FXPRO UK Limited | fxpro.co.uk, fxpro.com | 509956 |
| GFT Global Markets UK Limited | gftuk.com | 438879 |
| Henyep Capital Markets (UK) Limited | hymarkets.com | 186171 |
| Hantec Markets Limited(Note, unable to hold client money in the UK, so coverage not in effect, company might have coverage by another regulator) | hantecfx.com | 502635 |
| ICAP Electronic Broking Limited(Note, unable to hold client money in the UK, so coverage not in effect, company might have coverage by another regulator) | icap.com | 191757 |
| IG Markets Limited | igindex.co.uk, igmarkets.co.uk | 195355 |
| Kerford Investments (UK) Limited | kerford.co.uk | 193030 |
| MF Global UK Limited(filed for bankruptcy) | mfglobal.com | 106052 |
| TTT Moneycorp Limited | www.ttt.co.uk, moneycorp.com/ | 308919 |
| ODL Securities Limited (Acquired by FXCM, maintains separate FSA license) | odlsecurities.com | 171487 |
| C B Financial Services Limited | onefinancialmarkets.com | 466201 |
| Plus500UK Ltd | plus500.co.uk, plus500.com | 509909 |
| R. Raphael & Sons Plc(Has a deposit-taking permission, in other words is operating as a bank) | www.raphael.co.uk, raphaelsbank.com | 161302 |
| The Royal Bank of Scotland Plc (authorised firms has deposit-taking permission in the UK) | http://marketindex.rbs.com | 121882 |
| Saxo Bank A/S (EEA Authorised, so does not qualify for coverage under FSA, however saxobank has a banking license by the Danish Financial Supervisory Authority, so there is coverage provided there) | saxobank.com | 207519 |
| Sucden Financial Limited | sucdenfinancial.com, sucdenfinancial.co.uk | 114239 |
