How is forex regulated?
Forex is one of the most liquid market in the world, because of its liquidity and the huge size there are lots of risks associated with this market and to manage it requires the universal rules and regulation for everyone involves in the trade, either the buyer, seller or the broker.
Every country has its own defined regulatory body to monitor and control the Forex market stocks and interest of the peoples,
|United States||The National Futures Association (NFA) Commodities Futures Trading Commission (CFTC)|
|United Kingdom||Financial Conduct Authority (FCA)|
|Australia||The Australian Securities and Investments Commission (ASIC)|
|Japan||The Financial Services Agency (FSA)|
|Canada||The Investment Industry Regulatory Organization of Canada (IIROC)|
|Cayman Islands||Cayman Islands Monetary Authority (CIMA)|
|Hong Kong||The Securities and Futures Commission (SFC)|
|Singapore||The Monetary Authority of Singapore (MAS)|
The above given is the list of few countries regulatory bodies who maintain the equality and fair transactions in forex trade.
The Brokers are registered with the regulatory bodies of the particular country or the market, as NFA is the regulatory body in USA and it is clearly mentioned that USA brokers regulated by NFA should maintain a skilled and friendly attitude towards all the clients, and in case of consumer complaints, it is the duty of a broker to initiate a fast resolution, and it is clearly mentioned to the buyer and seller to make sure that you are really sure that you are choosing a regulated and trustworthy forex broker, don’t rush and check their brokers website to see whether they have indicated that they are regulated
Forex .com always want the fair trade from all means and for everyone in the trade agreement, forex is just one of the biggest and most liquid financial markets on earth. Forex offers you the capability to trade anywhere, anytime.
Trading is placing your money to work with a high level of success. Contrary to what you may think, Forex trading can be very straightforward. If you think forex trading for a means to reach your financial targets, then it’s imperative that you work with the very best forex trading company, yet to choose one that you will need to recognize a few top forex companies and assess the features provided by every one of them. Forex trading or currency trading is about getting and selling currencies in pairs.