Thread: Wanted: FSA regulated (UK) FX ECN broker

Hello everyone,
I am looking for a well working FX broker with following prerequisites:

- ECN execution
- FSA* regulated (UK), deposit account hold in UK and covered by FSCS* in case of broker failure.
- minimum deposit not larger than 50.000 USD

* FSA - Financial Services Autority (UK)
* FSCS - Financial Services Compensation Scheme (UK)

Thank you in advance and have a nice day.

Originally Posted by ;

Thanks Bob,
When I have visited their website it seems they are not an ECN (currenex) broker,
it seems to be an IB for Saxo Bank (exactly the same or very similar platforme sotfware).
Regarding FSA regulation, their website says:
Twowaymarkets Ltd is a firm authorised and regulated by the FSA to provide advice on spreadbetting, CFDs, futures, options and rolling spot foreign exchange.
In order that they're just advicer ? Or it is normal for an IB ?


Until today it seems there aren't a lot of ECN brokers in UK ?!

Appearance here

http://www.twowaymarkets.com/forex/pro/
http://www.twowaymarkets.com/forex/currenexplatform/
http://www.twowaymarkets.com/forex/lite/

Whether they have a real ECN offering or not is debatable, but at least they appear to have retail currenex in pro an lite models.

cheers

The minimum deposit to open a live trading account is $100000 (MAREX).

Wanted: Moon on a Pole.

You can Speak with Marex or London Capital Group. Both provide the typical choice of multibank platforms (currenex, hotspot, ebs, etc.) they deal with folks too, and therefore are London based.

Yes I understand, thought maybe in the current climate that they might be open to bigger accounts. LCG goes more economical.

Bad hotspot closed it is retail side. I really don't believe you will find any ECNs for your average retail trader in the UK.

Thank you very much,
Will try to see how it may function with LCG.
Have a Wonderful day.

Hi,

It might be worth Studying TwoWayMarkets. They have a Currenex plateform.

Great Luck

Bob

Originally Posted by ;

Hi,

It might be worth Studying TwoWayMarkets. They have a Currenex plateform.

Great Luck

Bob

Thanks Bob,
When I've seen their site it appears they aren't an ECN (currenex) broker,
it is apparently an IB for Saxo Bank (the same or very similar platforme sotfware).
Regarding FSA regulation, their site states:
Twowaymarkets Ltd is a firm licensed and regulated by the FSA to offer advice on spreadbetting, CFDs, futures, options and rolling spot foreign exchange.
In order that they're only advicer ? Or it's normal for an IB ?


Until today it appears there are not many ECN brokers in UK ?!