In the U.K., the Financial Conduct Authority (FCA) is the independent body that is vested with the responsibility of overseeing and regulating the operations of financial services companies, including the forex brokers. The FCA, formerly known by the name the Financial Services Authority (FSA), was set up in 2013 on the basis of the UK Government’s finding that the FSA was not adequately equipped to deal with financial irregularities. The agency’s inadequacy became very evident during the 2007-2008 financial crisis. The FCA is not dependent on Government funds to carry out its functions. However, the agency is answerable both to … Continue reading Why You Should Have an Account with FCA UK Regulated Forex Brokers