FCA License
An FCA license is a UK financial services authorization issued by the Financial Conduct Authority, considered one of the strictest regulatory frameworks for forex brokers and financial services firms.
What it means in practice
An FCA license is granted by the UK Financial Conduct Authority and authorizes firms to conduct regulated financial activities including dealing in investments, arranging deals, and managing investments. For forex and CFD brokers, FCA authorization represents one of the highest tiers of regulatory credibility globally. The FCA enforces strict capital adequacy requirements, client money handling rules under CASS (Client Assets Sourcebook), and comprehensive conduct standards.
FCA-regulated brokers must provide negative balance protection, cap retail leverage at 1:30 on major currency pairs, and segregate client funds with approved custodian banks. The Financial Services Compensation Scheme (FSCS) protects up to GBP 85,000 per eligible client if the firm fails. These protections exceed those of most other jurisdictions, making FCA-licensed brokers attractive to affiliates targeting high-value traders who prioritize security.
For affiliate and IB programs, FCA regulation imposes strict marketing compliance requirements. Financial promotions must be fair, clear, and not misleading. Affiliates promoting FCA-regulated brokers cannot guarantee returns, must include standardized risk warnings, and face scrutiny on how they present trading performance data. Since Brexit, FCA-licensed firms no longer benefit from EU passporting, meaning separate authorization is needed to serve EEA clients directly.
How FCA License works across industries
See how fca license is applied in the verticals Track360 supports, from qualification logic and payout structure to the operational context behind each model.
How Track360 handles this
Track360 supports jurisdiction-specific compliance configurations, enabling operators to apply FCA-compliant qualification rules, risk-warning requirements, and geo-targeted commission structures for UK-focused affiliate programs.
Frequently Asked Questions
Common questions about fca license, how it works in affiliate programs, and where it shows up across Track360's supported verticals.
An FCA license means the broker is authorized and supervised by the UK Financial Conduct Authority. This requires compliance with strict capital adequacy standards, client fund segregation under CASS rules, leverage caps, negative balance protection, and FSCS coverage up to GBP 85,000 per eligible client.
Related Terms
CySEC License
A CySEC license is an EU-passportable financial services authorization issued by the Cyprus Securities and Exchange Commission, widely used by forex brokers and CFD providers.
MGA License
A gaming licence issued by the Malta Gaming Authority, a Tier-1 EU jurisdiction regulator covering B2C operators and B2B service providers across casino, sportsbook, and lottery verticals.
UKGC License
A gambling licence issued by the UK Gambling Commission, the regulator responsible for remote and non-remote gambling in Great Britain, operating under the strict LCCP compliance framework and detailed affiliate accountability rules.
MiFID II (Markets in Financial Instruments Directive)
MiFID II is the EU regulatory framework governing investment services, including forex brokers and introducing broker programs, setting rules for client protection, transparency, and partner compensation.
Regulatory Compliance
Regulatory compliance is the adherence to laws, licensing requirements, and industry standards that govern how affiliate programs and operators conduct business.
Forex Broker
A forex broker is a financial intermediary that provides retail and institutional traders with access to currency markets, executing trades on their behalf against liquidity.
Negative Balance Protection
Negative balance protection is a regulatory safeguard ensuring a trader's account cannot fall below zero, limiting losses to deposited funds.
Forex Regulation
Forex regulation refers to the legal frameworks and licensing requirements that govern how brokers operate, protect client funds, and manage IB partnerships.
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