Most Powerful Forex Regulatory Bodies

A regulatory authority is a government agency whose role it is to regulate businesses with the purpose to secure and enforce public interest. They monitor and control the financial markets by providing guidelines, rules and regulations on which processes the brokers have to implement in order to protect the client’s funds and avoid the scams and unethical behaviours so often practiced by unregulated broking firms.
Obtaining a licence is not easy for brokers as the regulators thoroughly examine the financial situation of the company and take into consideration the past experience and conduct of the management team.
A regulated broker provides information such as the regulatory body they abide to and their financial services licence number on the front page of their website. If it is not easily found it could be a warning sign that this broker is not regulated.
In order to protect Trades Investment below you can find a list of the Regulatory Body list, Country and their Safe protection ratings by World Forex Brokers.
National Futures Association (NFA) is the self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps). NFA has developed and enforced rules, provided programs and offered services that safeguard market integrity, protect investors and help our Members meet their regulatory responsibilities and has done so for more than 30 years.
The Financial Conduct Authority is the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 24,000 of those firms.
ASIC is Australia’s corporate, markets and financial services regulator.
We contribute to Australia’s economic reputation and wellbeing by ensuring that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers.
We are an independent Commonwealth Government body. We are set up under and administer the Australian Securities and Investments Commission Act 2001 (ASIC Act), and we carry out most of our work under the Corporations Act 2001 (Corporations Act).
The Financial Service Providers Register (FSPR) is a searchable online register of the people, businesses, and organisations that offer financial services in New Zealand.
The FSPR contains important information about registered financial services providers (FSPs), including the types of services they are registered for. Before using an FSP, you should check whether they are registered for the services they are offering. However, registration on the FSPR doesn’t necessarily mean an FSP is licensed or regulated in New Zealand or elsewhere.
Other forex regulatory bodies are given in the below link:

TAGS: Forex Regulatory Authority, Financial Rules and Regulations, Trading scams and unethical, Forex regulatory

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