When we speak about Forex, often FSA appears as well. FSA stands for Financial Services Authority. This body is more like an in charge of all the financial services in the United Kingdom.
If you check out the scene in London per se, you will find how FSA is regulating all the financial providers in the area. In addition to this, FSA stands as an independent body, which means that you will not find it attached to any other body. It works on its own stated framework and it regulates all the services associated with financial markets, brokerages and exchanges in London.
As mentioned earlier, it has its own framework. This framework includes a set of rules, laws that are equal to all the providers on the financial market. Going by the rule, everyone under FSA regulated London brokerage needs to follow the standards set by this independent body.
One of the highlights of FSA is that it is one such body that doesn’t come on the same page of the offshore companies. This means, there is no room for the brokers to spend any of their client’s money. They have to keep the client’s money in segregated accounts and in banks that the FSA approves.
With such rules and regulations prescribed for brokers on the market, it often comes across as a secured means for the clients to invest their money and lay their trust in the chosen brokers.
You will find a list of FSA approved Forex brokers. Once you know that they are associated with FSA, it often gets easy to work with them.