Regulated Forex Brokers

Regulated Forex Brokers:

Trading with a regulated broker is a must, a trader cannot overrate the importance of a broker being regulated by an official body. The asence of the regulatory authorities is to assure the economic strength of the broker and the integrity towards the traders. The leading regulatory bodies are: US – National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), Europe – Financial Services Authority (FSA UK) and Cyprus Securities and Exchange Commission (CySEC).

Please before trade with only broker check out their regulation from below websites:

1:  Financial Conduct Authority (FCA)    fca.org.uk

Financial Conduct Authority

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry.The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Like its predecessor the FSA, the FCA is structured as a company limited by guarantee.

2:   Cyprus Securities and Exchange Commission (CYSEC)    cysec.gov.cy

Cyprus Securities and Exchange Commission

The Cyprus Securities and Exchange Commission, (Greek: Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC’s financial regulations and operations comply with the European MiFID financial harmonization law. Notably a significant number of overseas retail forex brokers and binary options brokers have obtained registration from CySEC.

3:   U.S. Commodity Futures Trading Commission (CFTC)   www.cftc.gov

Commodity Futures Trading Commission

The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates futures and option markets.

The Commodities Exchange Act (“CEA”), 7 U.S.C. § 1 et seq., prohibits fraudulent conduct in the trading of futures contracts. The stated mission of the CFTC is to foster open, transparent, competitive, and financially sound markets, to avoid systemic risk, and to protect the market users and their funds, consumers, and the public from fraud, manipulation, and abusive practices related to derivatives and other products that are subject to the Commodity Exchange Act. After the Financial crisis of 2007–08 and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, CFTC has been transitioning to bring more transparency and stricter regulation to the multitrillion dollar swaps market.

4:   National Futures Association (NFA)    www.nfa.futures.org

National Futures Association

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). For more than 30 years, 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.

Investor confidence is crucial to the success of the derivatives markets, and the best way to gain investor confidence is to demand the highest levels of integrity of all market participants and intermediaries.

Membership in NFA is mandatory, assuring that everyone conducting business with the public on U.S. futures exchanges and in the retail forex marketplace must adhere to the same high standards of professional conduct. NFA membership also is mandatory for swap dealers and major swap participants. NFA’s membership currently numbers approximately 4,000 firms and 55,000 associates. NFA is a non-profit, independent regulatory organization. NFA does not operate any markets and is not a trade association. NFA operates at no cost to the taxpayer—it is financed exclusively from membership dues and assessment fees.

NFA is headquartered in Chicago, IL, and also maintains an office in New York City.

5:  Australian Securities & Investments Commission (ASIC)  www.asic.gov.au

Australian Securities and Investments Commission

The Australian Securities & Investments Commission (ASIC) is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC’s authority and scope is determined pursuant to the Australian Securities and Investments Commission Act, 2001 (Cth).

ASIC is responsible for the administration of all or parts of the following legislation:

  • Corporations Act, 2001 (Cth)
  • Insurance Contracts Act, 1984 (Cth)

National Consumer Credit Protection Act, 2009 (Cth)

6:  Forest Stewardship Council (FSC)   ic.fsc.org

Forest Stewardship Council

The Forest Stewardship Council (FSC) is an international non-profit, multi-stakeholder organization established in 1993 to promote responsible management of the world’s forests. The FSC does this by setting standards on forest products, along with certifying and labeling them as eco-friendly.