United Kingdom (UK)

The UK is a world-renowned financial center, attracting numerous FX and CFDs brokers due to its established infrastructure, expertise, and deep pool of talent.

The UK’s strategic location and strong international connections offer brokers access to a vast client base and diverse financial markets.

The Financial Conduct Authority (FCA) enforces a well-respected regulatory framework, ensuring investor protection and market stability. FCA regulations for FX and CFDs are known for their comprehensiveness, promoting transparency and fair treatment of clients, and enjoys a strong international reputation for its professionalism and commitment to upholding high regulatory standards.

Active Engagement: The FCA actively participates in international discussions on financial regulation, promoting best practices globally.
Tax Benefits: The UK offers a competitive corporate tax rate of 19%, with potential tax breaks for certain activities.
Skilled Workforce: The UK boasts a highly skilled and experienced workforce in the financial services sector.
Advanced Infrastructure: The UK has a well-developed financial infrastructure, including reliable communication networks and access to advanced trading technologies.

Get in touch with us to learn more about Heaving a FX CFD license in the United Kingdom

Jurisdiction: United Kingdom (UK)
Regulator: Financial Conduct Authority (FCA)
License Name: IFPRU Investment Firm
Products Allowed (CFD on all/certain assets): FX and CFDs
Activities Allowed (Broker/MM): Market Maker & Broker
Passporting: N/A
Leverage Limitations: Yes, similar to EU/ESMA's rules
Structure requirements (#shareholders / director/officers, MLRO): 1 Shareholder, 1 Executive Director and 1 Compliance Officer, /MLRO, along with trading, risk managemnt, back office and other key functions
Basic requirements (business plan, website. demands from UBO, professional background: Detailed business plan incl. 3 years financial forecast; UBO to have several years of industry experience (or equivalent), relevant education and solid financial soundess and source of funds (must be able to show he can sustain the business for its initial years of operation); Executive Directors managers must have substantial experience in FX/CFDs and relevant education.
Local Physical Presence (Local Office and Local Staff): Local Company; Local Office; 1 Executive Director (Local, Full-Time, Experienced); AML Compliance Officer (Local, Full Time, Experienced); Head of Operations/ Back Office;
Insurance: Professional liability insurance is mandatory
Clients' Funds Segregation: Mandatory (must open 2 bank accounts - 1 Corporate and 1 for clients' funds)
Corporate Income Tax Rate: 25%
Minimum Capital Requirement: Broker – 150,000 GBP; Market Maker – 750,000 GBP
Time Frame for License Issuance (as of submission): 6-10 Months
Regulatory leniency level (basic, intermediate, complex): Complex
License Validity: No expiry date
Reporting Frequency (Monthly/Quarterly/Annualy): Periodic reports; AML and Compliance Reports; Annual Audited Financial Statements

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