Forex Regulators and Licenses

The key issue to take notice of when choosing a forex broker is license or licenses that this company obtains. A license is a document indicating which forex regulators control the broker’s activities and generally the way the business is done.

Generally, onshore regulators, like NFA (regulator of the American futures market) abide by more tight legislation than their offshore colleagues, e.g. regulators based in BVI or Seychelles.

Broker licenses can be issued by various regulation authorities throughout the world; it is critically important for a new broker entering the market what are the differences between different regulators. In fact, not all the licenses are equally recognized and valued. Generally, onshore regulators, like NFA (regulator of the American futures market) abide by more tight legislation than their offshore colleagues, e.g. regulators based in BVI or Seychelles.

The most authoritative forex brokers regulators are:

NFA (National Futures Association)

CFTC (Commodity Futures Trading Committee)

Great Britain. FSA (The Financial Services Authority)

CySEC (Cyprus Securities and Exchange Commission)

FINMA (Swiss Financial Markets Authority)

BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht)

SEC (The United States Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority)

SIPC (securities Investor Protection Corporation)

FinTRAC (Financial Transactions and Reports Analysis Centre of Canada)

MiFID (The Markets in Financial Instruments Directive)

FSCL (Financial Services Complaints Ltd.)

FSC Mauritius (Financial Services Commission Mauritius)

How to profit from expected rate hike?

Amazing, right? The most important event of this month is just a few hours ahead and you realise the announcement is already priced in...

Five steps to reduce trading risks

For many of us who currently work in the Forex business, the word 'risk' has become simply a term we’ve learn to live with on daily basis. But...

3 simple steps to overcome trader block

After closing a winning or losing trade, a trader can experience what today is commonly known as a 'trader’s block'. In simple words, it refers...


Important tips for trading bitcoin

Bitcoin once again left us with an open mouth last week. The world’s most popular cryptocurrency reached for an all-time high of $19,000 per unit...

Differences that matter: demo and real

Two days ago we spoke about different ways to understand whether it is time to move from a demo trading account to a real trading account. However...

Bitcoin Beginner Guide to Surviving Bgold

This is an updated version of A Bitcoin Beginner's Guide to Surviving a Coin-Split specifically addressing issues associated with the upcoming...


Top Cryptocurrency Trading Tools

The new world of Cryptocurrency trading such as Bitcoin, Ethereum and much more, can be extremely profitable, but it’s also a minefield...

How to Keep Bitcoins Safe

If you are thinking through the process of accruing bitcoins, you may be wondering where to keep them once you’ve done so. After investing time...

Lessons From a Cryptocurrency Hack

Cryptocurrency-related cyber attacks are on the rise. As cryptocurrency continues to explode in value and public awareness...

  


Share: