How to Choose a Forex Broker in 2024
Follow these FCA-recommended steps to verify broker legitimacy and protect your funds.
Broker Verification Checklist
- Regulation: Check FCA, ASIC, or CySEC registration
- Execution: Require <50ms latency
- Spreads: Compare during volatile periods
Regulatory Bodies
| Regulator | Compensation | Leverage Limit |
|---|---|---|
| FCA (UK) | £85,000 | 1:30 |
| ASIC (Australia) | None | 1:30 |
Red Flags
- Promises of guaranteed profits
- No company registration number
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