Global Regulatory Entities

Why is broker regulation important to you as a trader?

The forex market is a giant. Almost 5 trillion dollars’ worth of transactions happens daily.

locked lock forex regulatory entities

With the size this big, you need regulatory protection.

You don’t want unregulated brokers to put your deposit and profits at risk when it comes to withdrawal time.

So, how can you achieve protection?

Simple, by trading with the regulated forex broker.

When you trade with the regulated broker, it adds multiple layers of security.

If a broker meets all of the key conditions and obtains a license from the regulatory body, it signifies that the broker follows standards.

One of the major concerns when trading with unregulated forex brokers is that they are not required to adhere to any recognized standards.
You can’t rule out unethical or illegal activity. If something goes south, you can’t do anything about it.

When choosing a forex broker, you need to take the first step as a trader to check the broker’s regulations.

After all, you wouldn’t give someone claiming to be authentic thousands of dollars, would you?

You might be thinking, “How can I choose a regulated broker”?
Well, it’s not that difficult. Several regulatory bodies help you differentiate regulated from non-regulated brokers.

The most reputable forex regulatory bodies are FCA (Financial Conduct Authority) in the UK, ASIC (Australian Securities and Investments Commission) in Australia, and NFA (National Futures Association) in the US.
Take your time when selecting a broker.

Don’t get caught by bonus offers and a flashy website.

Want to know if your broker is regulated? Just search your chosen broker on the below-mentioned listed regulatory bodies’ websites.

PRA Regulatory Entity

PRA-Regulatory-Entity

PRA stands for Prudential Regulation Authority. It works as a regulatory and supervisory authority within the Bank of England. It supervises and regulates building societies, banks, insurers, major investment firms, and credit unions. They have their standards by which they supervise all financial institutions within each firm. Currently, the PRA regulates more than 1,500 financial institutions. Main objectives of PRA regulatory entity The primary objectives of PRA are: They fully support a high level of protection for insurers and policyholders, facilitating competition among numerous firms. Banks play a crucial role in protecting and enhancing the stability of the UK financial system. There are a couple of statutory requirements as well that pertain to the threshold conditions. First, all firms must

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IIROC Regulatory Entity

IIROC-Regulatory-Entity

The Investment Industry Regulatory Organization of Canada (IIROC) is an independent self-regulatory organization within Canada. The regulation entity oversees all dealings in Canadian debt and equity markets by investment dealers. While maintaining efficient and competitive capital markets, the IIROC sets high-quality standards for regulation. The IIROC regulates investment industry standards, protects investors, and strengthens market integration entities carrying out specific regulatory responsibilities in several ways. First, the entity sets and enforces the rules regarding dealer firms’ proficiency, business, and financial conduct and their registered employees. Also, IIROC sets and enforces market integrity rules regarding trading activity on equity marketplaces of Canada. Being a self-regulatory organization, IIROC must act honestly, transparently, and fairly to fulfil its mandate. Understanding the IIROC Associated

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LSE Regulatory Entity

LSE-Group-Regulatory-Entity

LSE Group (London Stock Exchange Group) is a global provider of financial market infrastructure and data. In addition to their commitment to excellence, they are open-access partners who provide services to their customers. As a global market leader, they help businesses and economies around the globe to fund innovation, manage risk and create jobs. Over the past 300 years, they have contributed to enhancing financial stability and economic growth worldwide. History of LSE The London Stock Exchange is a stock exchange located in London, England. As of March 2021, there are 3.8 trillion pounds in market value on the London Stock Exchange. Established in 1801, it is the world’s oldest stock exchange. In London, the company is headquartered in Paternoster

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UCRFIN Regulatory Entity

UCRFIN-Regulatory-Entity

UCRFIN Regulatory Entity (Ukrainian centre for the development of OTC financial instruments and technologies) is a non-profit organisation that works to bring together enterprises that provide forex market services in Ukraine. UCRFIN Goal is to unite the company’s efforts to promote the effective growth of the forex market in Ukraine, including the market’s legal framework and technological foundation. UCRFIN also implements common standards and market ethics for the Forex brokerages and supervises the association members and other market participants to assist their customers in promoting and safeguarding their legal rights and interests before government agency consultative groups and business organisations. UCRFIN history UCRFIN Regulatory Entity (Ukrainian centre for the development of OTC financial instruments and technologies) was established in August

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FSC Taiwan Regulatory Entity

FSC-TW-Regulatory-Entity

The Financial Supervisory Commission, FSC, is an independent authority body in Taiwan. Taiwan’s financial services and industries are regulated by this government agency. In addition to determining financial policy, it drafts regulations with which it protects the entire financial industry. In addition, this body is also responsible for managing financial examinations and supervising financial institutions. The FSC issues regulations governing financial services on a general basis. The Banking Bureau regulates regulatory banks in collaboration with the Financial Services Commission. The Examination Bureau is also responsible for financial inspections and audits of the financial institutions subject to FSC regulation. Taiwan’s central bank, the Central Bank of the Republic of China (Taiwan), regulates credit policies and monetary services. In addition to managing

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SIBL Regulatory Entity

SIBL-Regulatory-Entity

The Social Islamic Bank Ltd (SIBL) is a top-leading and renowned second-generation commercial bank operating since 22nd November 1995. This bank has a working system that is based on general rules and basic Sharia Principles. It now has more than 135 branches in different parts of the world. Plus, they also run two subsidiary companies, which are SIBL Securities Ltd. & SIBL Investment Ltd. The whole payment system of the bank is being run through the BACPS, BEFTN under the BACH. This is merely to boost the growth of the businesses in multiple dimensions. By adopting the BACH system, SIBL is guaranteed safety, high security, and performing quick transactions from one end to another. Apart from that, the bank is

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VFSC Regulatory Entity

VFSC-Regulatory-Entity

The Vanuatu Financial Services Commission is a regulatory organisation that supervises and regulates Vanuatu’s finance industry. It plays the role of an efficient registry so that the finance industry professionals may be satisfied. VFSC was previously known as the Registrar of Companies and the Official Receivership Department of the Treasury. After independence, it became the Ministry of Finance and Economic Management. The commission was formally established in 1993 under the Vanuatu Financial Services Commission Act No. 35. The VFSC was introduced to provide licenses for financial service corporations. Its main aim is to prevent money laundering and to maintain the reputation of Vanuatu’s financial market. VFSC is responsible for administering the legislation of financial markets in Vanuatu. History of VFSC

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CNMV Regulatory Entity

CNMV-Regulatory-Entity

The National Securities Market Commission (CNMV) is a regulatory body that inspects and supervises the Spanish securities market. In addition, they supervise all activities associated with those markets. In 1988, the CNMV Regulatory body was established under the supervision of Securities Market Law. Securities Market Law, a significant part of the financial system, also introduces new measures to protect investors. Through prudential supervision, CNMV often makes the transaction system secure enough for both old and new investors. All the securities are assigned with the ISIN codes, which are located in Spain. Different international organisations are also associated with CNMV to run the financial system powerfully. The main aim of CNMV CNMV’s main goal is to ensure fairness and transparency in

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CMA Regulatory Entity

CMA-Regulatory-Entity

The CMA started operating informally in the ’50s and kept on working effectively until, in the ’80s, Saudi Arabia set the CMA’s fundamental guidelines. Thus, the current CMA Law is declared and, as per Royal Decree No. (M/30) dated 2/6/1424H, officially bringing the CMA into existence. The CMA is a government association stating complete financial, legal, and administrative independence. The CMA is in direct correspondence with the Prime Minister. Purpose of CMA The CMA’s roles are to manage and foster the Saudi Arabian Capital Market by stating essential rules and regulations for carrying out the requirements of Capital Market Law. The core purpose of CMA is to establish a proper investment environment, enhance confidence, and support straightforwardness and divulgence guidelines

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HCMC Regulatory Entity

HCMC-Regulatory-Entity

HCMC, the Hellenic Capital Market Commission, regulates the compliance of financial services firms with capital market laws. Furthermore, it runs its operations through fees paid by supervised entities. Investment firms, mutual fund management firms, portfolio investment companies, real estate investment companies, and financial intermediaries fall under its legislation. Additionally, HCMC supervises companies listed on the Athens Stock Exchange to ensure compliance with capital market regulations. Due to a financial crisis erupting on the Athens exchange in mid-February 2010, short-selling of shares listed on the exchange was banned until June 2010. What is the Hellenic Capital Market Commission? The Hellenic Capital Market Commission became a legal entity in 1966. This agency was established by Law 2324/1995 to ensure that the capital

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