Efficient financial regulation gives forex traders extra peace of mind.
If there were no such regulatory bodies, the scammers in the Fx market would be uncontrollable and a lot of unscrupulous brokers whose only aim is to defraud traders would spring up.
However, even with proper regulations, deep-rooted forex brokers occasionally engage in fraudulent activities to scam traders.
So, it’s worth cross-examining a broker’s license before registering for a trading account to ensure that your investment remains safe. Trading with forex brokers regulated in any of these five reputable authorities, the CFTC, NFA, FCA, FINMA and CySec ensures the security of your funds.
The major benefits of regulatory agencies are that they assist to standardize the way forex traders are treated, ensure fair markets, and safety of their invested fund.
Our full list of highly ranked Forex broker regulators from around the world are:
- ASIC – Australian Securities and Investments Commission (Australia)
- BaFIN – The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany)
- BVI – Financial Services Commission (British Virgin Islands)
- CFTC – Commodities and Futures Trading Commission (United States)
- CySec – Cyprus Securities and Exchange Commission (Cyprus)
- FCA – Financial Conduct Authority (United Kingdom)
- FFMS – Federal Financial Markets Service (Russia)
- FINMA – Swiss Financial Market Supervisory Authority (Switzerland)
- FMA – Financial Market Authority (Austria)
- FSA – Financial Services Agency (Japan)
- FSB – Financial Services Board (South Africa)
- FSC – Financial Services Commission – (Mauritius)
- IFSC – International Financial Services Commission (Belize)
- FSP – New Zealand Financial Service Provider (New Zealand)
- ISA – Israel Securities Authority (Israel)
- MFSA – Malta Financial Services Authority (Malta)
- NFA – National Futures Association (United States)
- UAE – Abu Dhabi Central Bank (United Arab Emirates)
- VFSC – Vanuatu Financial Services Commission (Vanuatu)