Neteller Forex Brokers Regulated in the UK (FCA)
Neteller is one of the biggest independent e-wallet and transfer solutions for individuals, traders, and businesses alike. You can set up accounts in any major currencies as well as transfer money into your account from a bank, credit or debit card, or about 50 other methods. It is a popular payment method among the best online brokers these days.
However, finding the best broker to work with should also consider its regulation. By far, forex brokers regulated by the FCA (Financial Conduct Authority) are mostly chosen by forex traders. FCA has a responsibility to oversee forex and CFD transactions in the United Kingdom. Therefore, we provide you a list of FCA regulated forex brokers that accept Neteller as a payment method.
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What are the type of firms that FCA supervise?
The types of firms that must be authorized by the FCA include:
- Banks
- Building societies
- Credit unions
- Claim management companies
- Consumer credit firms
- Financial advisers
- General insurers and insurance intermediaries
- Electronic money and payment institutions
- Investment managers
- Mortgage lenders and intermediaries
- Life insurers and pension providers
- Mutual societies
- Sole advisers
- Wealth managers
Continue Reading at What are the Top UK Financial Regulators?
Neteller is an online payment service (e-wallet/e-money) issued by Optimal Payments PLC. Since its foundation in 1999, the service has reached more than 180 countries all over the world, enabling fund transfers between merchants from various sectors.
Neteller users are commonly interested in their services because they have two types of accounts. The first is a premium account called Neteller VIP, and the second is a regular account. The VIP account offers more attractive features, such as lower fees, higher transfer limits, and other perks.
Continue Reading at Using Neteller for Forex Trading
The FCA has the objective of ensuring that financial markets work well in accordance with the regulation. By doing so, the FCA strives for:
- Protecting customers.
- Enhancing the integrity of the UK financial system.
- Promoting fair competition in the interests of customers.
Continue Reading at What are the Top UK Financial Regulators?
What role does the FCA play in forex trading regulation in the UK?
The Financial Conduct Authority (FCA) is the regulatory body in the UK responsible for overseeing financial activities, including forex trading. While the FCA has consulted on stricter leverage controls.
Continue Reading at Which Country Hosts the Most Forex Traders?