UK’s Financial Conduct Authority (FCA) is looking into forcing the straight-through processing (STP) forex brokers to upgrade their licenses to those for full market makers. The FCA has apparently sent a letter to a number of its charges to inform them of prospective changes to the regulatory environment. According to the document, the watchdog is planning to force the STP brokers to upgrade their licenses in order to ensure better negative balance protection from losses of their clients in case of extreme market volatility. The main changes would be in regard to the capital requirements for the brokers and they would most likely be raised in order to be able to cover a large negative balance.
Raised same concerns in other thread: What's the difference in market maker from your broker or third party liquidity provider? Only capital requirements?
UK’s Financial Conduct Authority (FCA) warned that Revolution Variable Systems (RVS) has been providing financial services in the country without being authorized. The broker is not at all transparent about its owner, it doesn't mention the company that owns it, nor whether it's regulated anywhere.
The UK Financial Conduct Authority (FCA) issued a warning against BrokerXP, ForexGrand and Golden Markets. These are the last forex brokers added to FCA’s list of companies who have been providing financial services in the UK without its authorization. The first two are supposedly registered in the Marshall Islands an against ForexGrand at least there are client complaints that it is a scam, Golden Markets is supposedly registered in Estonia.