FCA AR(Appointed Representative)

Financial Conduct Authority(FCA)is mainly responsible for supervising banking, insurance and investment affairs including foreign exchange and securities.FCA provides strict supervision to all financial institutions registered in its territory.FCA is called one of "Most Popular Financial License" together with Australia ASIC.

FCA provides 3 types of licenses including AR(Authorized Representative)、STP and MM.FCA AR license means license holder apply under a FCA member broker(MM) and don't need to deposit money in segregated account.STP and MM license holder have deposit requirement-STP needs GBP125000 deposit,MM needs GBP730000 deposit.

1.FCA license holder requirement：

（1）Must register a UK local company and have actual operation activity in UK；

（2）Must appointment a UK-local FCA-licensed talents to act a director

（3）Deposit requirement

2.FCA licensed brokers includes：

SAXO、Forex.com、OANDA、Blackwell Global、GKFX、Alpari etc

3.Procedure：

(1)Client talk with 12Broker staff about application;

(2)12Broker do assessment according to client's situation;

(3)Sign contract and pay;(4)Arrange an online tripartite meeting together with UK local law firm;

(4)UK law firm do assessment;

(5)Apply to FCA

4.Period：

AR license:2-3 months;STP/MM license:8-12 months

5.FCA website：https://www.fca.org.uk/