How it works
The rules define dealing and non-dealing online forex brokers, licensing obligations and requirements around client onboarding, risk assessment and market conduct. The CMA also maintains a public licensee register.
What to check
When researching a broker, match the exact company name and licence number in the CMA register with the entity shown in the broker's legal documents. Brand names alone are not sufficient.
- Use the CMA licensee list
- Match company and licence number
- Treat regulation as one part of due diligence
Limits and risks
Regulation reduces some provider risks but does not make leveraged forex low risk. It also does not validate investment claims made by unrelated agents or signal sellers.
Primary sources
Capital Markets Authority: Online Foreign Exchange Trading↗CMA licensed online forex brokers↗Capital Markets (Online Foreign Exchange Trading) Regulations, 2017↗General information only. Investment products can lose value, and terms, fees and regulation can change.