Is FSA Regulation Important?
When it comes to choosing your spread betting provider, the absolute first point on your checklist always has to be FSA regulation. The FSA (Financial Services Authority) have oversight over the entire financial services industry, and subject companies to strict rules, guidelines and regulations that are designed to protect traders.
The big bad world of the markets can be and is a ruthless place to do business. Market abuse, insider trading and other distortions are common place, and it is the job of the FSA to guard against these unfair and potentially very costly problems.
Trading with an FSA broker gives you the peace of mind to know that you are dealing with a reputable, legitimate outfit who are legally bound to treat you fairly, and in any event that your trading account is protected to the tune of £48,000 by the authorities should the broker collapse.
Is FSA regulation important when choosing a broker? It's critical.