Financial Conduct Authority
FXCN tier 1
34 brokers
After the 2015 CHF black swan, FCA / CySEC / ASIC required negative balance protection for retail accounts.
Even if your account gaps to negative, the broker eats the loss — they cannot pursue you.
Negative balance protection depends on the contracting entity, retail or professional status and local rules; it cannot be inferred from a brand homepage.
This is not an isolated definition. The data below comes from FXCN regulator records and active licence relationships and shows what requires verification.
34 brokers
29 brokers
29 brokers