what is the fca 
the financial conduct authority fca is an independent body responsible for regulating more than 56 000 financial brokers including fortrade and markets in the united kingdom its three point goals are to protect consumers of financial services in the u k maintain the integrity of the u k financial system to encourage healthy competition among the financial services in a way that benefits consumers regulated brokers and markets are generally more transparent than non regulated ones and where there is a suspicion of unfair or illegal practices traders can turn to the regulatory body to seek justice it is important to note that by definition the fca has no authority over any brokers trading on the otc market 