Online CFD broker comparison site IndependentInvestor.com has said that traders should take care to choose an FCA regulated CFD broker in order to ensure they’re competing on a level playing field with a fair, trustworthy supplier to create the best conditions for successful market trading.
Online CFD broker review site IndependentInvestor.com says traders should not underestimate the value of FCA regulation, and should only consider trading through an FCA regulated CFD broker to create the best possible trading environment.
With increasing volumes of trade being handled over online platforms, Independent Investor has said the importance of FCA regulation has never been more significant, as a means of avoiding unscrupulous or fraudulent brokers while ensuring a fair and level playing field.
The regulatory authority responsible for overseeing financial transactions in the UK, brokers are required to be FCA regulated in order to trade and IndependentInvestor.com has advised traders choose only FCA regulated HYPERLINK "https://www.independentinvestor.com/cfd/brokers/" CFD HYPERLINK "https://www.independentinvestor.com/cfd/brokers/" brokers.
Alex Johnson, a spokesperson for Independent Investor said that choosing an FCA regulated CFD broker is one of the best ways of ensuring a value for money deal from a reputable, fair provider.
“When it comes to choosing a CFD broker that you can trust, the first vital benchmark you must consider is FCA regulation. In the UK, any broker accepting deposits is required to be regulated by the FCA as the body responsible for authorising and overseeing financial transactions in the UK, and It’s essential that you steer well clear of any UK broker who purports not to be registered. Brokers that are registered and authorised by the FCA are as a result subject to more stringent controls, making sure traders get the fairest possible deal and preventing rogues or unfair business practices from impacting upon others’ trading success.”
“Choosing a broker, regulated or otherwise, is a split-second decision for most traders, and as a result the number of traders who become quickly dissatisfied with the service levels they are receiving is significant. In order to ensure your search goes fully according to plan, it’s important to remember to check for FCA authorisation as a preliminary step, in order to protect your money, your personal data and your trading portfolio from unfair, illegitimate influence.”
FCA regulated brokers are authorised to do legitimate transactional business in the UK, and given the nature of trading in CFDs it is recommended that traders look for a broker who is registered by the FCA to provide the level of certainty and security they require.
IndependentInvestor.com provides comprehensive reviews and comparisons of the leading CFDs brokers in order to help make it easier for traders to decide between different providers.
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Independent Investor is a leading online broker comparison site, designed to help traders find out more about the different brokers available in the market before they settle on a particular provider. Carrying in-depth, up-to-the-minute reviews that are relevant to the direct concerns and interests of ordinary traders, IndependentInvestor.com makes it possible to compare different brokers at a glance in order to identify the most competitive service levels on offer.
