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.

NFA Regulatory Entity

NFA-Regulatory-Entity

The National Futures Association is a self-regulatory organisation about the industry. It is an organisation for the US derivatives industry that provides effective regulatory programs. It was founded in 1981 by the Commodity Futures Trading Commission. NFA was made mandatory for anyone operating in the futures market in 1982. Professionals required to be NFA registered include individuals or firms conducting business in the retail or futures industry. As a self-regulatory regime, NFA mandated firms and individuals in retail or derivatives markets to be members of the NFA. Therefore, the professionals involved in the retail forex, derivatives, or futures markets have to be NFA registered. The NFA may take disciplinary action against members in breach of these rules. History of NFA

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SFSA Regulatory Entity

SFSA-Regulatory-Entity

SFSA stands for Seychelles Financial Services Authority. This regulatory entity supervises non-bank financial services located in Seychelles. The Financial Services Authority Act (2013) coordinates its activities. SFSA has a wide range of functions and responsibilities to perform while continuously regulating financial services. We all know that Seychelles is the main destination for performing offshore financial services. And therefore, numerous capital market companies make their way to this destination for high growth. SFSA has a major role to play in the sector of non-bank financial services. According to the official website, Seychelles is positioning itself to become a leading centre of financial services. By developing and applying sound regulations, this is made possible. To facilitate the growth of non-bank financial services,

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FSMA Regulatory Entity

FSMA-Regulatory-Entity

The Financial Services and Markets Authority is the main agency for financial regulation in Belgium. As a supervisory body, FSMA works to provide an unbiased and transparent financial market. Furthermore, it ensures that all financial consumers are treated fairly. In addition to that, the Financial Services and Markets Authority makes sure that the companies involved provide complete and correct information. It is crucial for keeping the financial markets in order. Moreover, setting financial laws and ensuring their compliance is a part of FSMA’s duty as well. It supervises financial products, supplementary pensions, and financial service providers and works to educate financial consumers. FSMA mission FSMA aims to establish a strong and reliable financial market system in Belgium. Furthermore, the regulatory body aspires

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MAS Regulatory Entity

MAS-Regulatory-Entity

Internationally, the Monetary Authority of Singapore (MAS) has long been considered the gold standard of sustainable finance. MAS is more than just a bank that prints money. It also serves as the Singapore Central Bank. FinTech (finance and technology) professionals need to be familiar with MAS. Singapore’s financial centre reputation is well-known thanks to MAS’s work and maintaining global economic growth. What is the Monetary Authority of Singapore (MAS?) MAS Singapore was established in 1971 to coordinate and communicate across government departments. SG MAS serves as the central authority for monetary policy in the city-state. Since its founding, MAS has sought to achieve sustained economic growth, focusing on non-inflationary growth. The mission of Singapore Bank is to become an international

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IFSC Regulatory Entity

IFSC Regulatory Entity

The IFSC refers to the International Financial Services Commission as an agency of the Belize government responsible for financial regulation. The main functions of IFSC include market participation, exchanges and settlement, and enforcement of financial regulation. It is highly popular in trade markets because many online brokers of forex receive their international license from IFSC. The international financial services commission is also working to regulate the non-banking sector of the Belize economy. This company was established in 1999 under the International Financial Services Commission Act (IFSCA), and it also includes representatives from many sectors (both public and private). The act of the International Financial Services Commission was enacted to oversee the growing offshore sector in Belize. The IFSC Belize is

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PFSA Regulatory Entity

PFSA-Regulatory-Entity

The Polish Financial Supervision Authority is known as PFSA. However, it is commonly known as the Polish Financial Supervisory Authority (Financial Supervisory Authority). This organization is a reputable and honest financial regulator in Poland. They supervise the banking sector, insurance companies, capital markets, pension schemes, and electronic money institutions. History KNF began working on 19 September 2006. As a result, the Commission inherited the Insurance and Pension Funds Supervisory Commission and the Securities and Exchange Commission (Poland). As part of KNF’s expansion, KNF became the Polish financial supervisor in 2008. The Polish FSA has taken over all the Commission for Banking Supervision and the General Inspectorate of Banking Supervision. As a watchdog, the FSA serves as a single point of

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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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JSE Regulatory Entity

JSE-Regulatory-Entity

The Johannesburg Stock Exchange (formerly known as the JSE Securities Exchange) is the largest in Africa. Since 2000, it has been located in Sandton, Johannesburg, South Africa, after moving from downtown Johannesburg. According to the JSE website, there were 473 listed companies, and the market capitalisation was $182.6 billion. There was also a monthly average traded value of $6.399 billion. The JSE estimates the company’s market capitalisation at $1005 billion as of August 2020. The JSE offers investors free access to regulated markets where they can trade securities. In addition, by investing in the financial system, investors receive dividends. The Exchange provides a means of raising primary capital by reinvesting cash resources into productive economic activities. Furthermore, this boosts the

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FC Regulatory Entity

FC-Regulatory-Entity

FC stands for Financial Commission, which is an independent international body for brokers and traders. Certain disputes arising in the trading market are being handled by an external dispute resolution mechanism. As part of its mission, this organisation’s body assists brokers and traders in resolving disputes between clients and providers of financial services.  They act as a third-party organisation to resolve all conflicts. Using a process that is simpler and quicker, the Commission is fully aiming to resolve all complaints. The company won’t raise any issues with the legal system or industry regulators. All traders will be helped to resolve their disputes in an unbiased and transparent manner. Aside from that, the Commission also aims to improve the client’s understanding

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KROUFR Regulatory Entity

KROUFR-Regulatory-Entity

The Financial Market Participants Relations Regulation Commission, KROUFR, is a non-profit regulatory organisation. Its activities are intended for developing services for the Russian participants in financial markets. In addition, it’s an organisation that directly regulates relations between participants in financial markets. The KROUFR was founded in 2003 when Russia needed an organisation to provide the regulatory framework of the International Financial market. It is governed by the Commission, which has the President as its head. It also has a Board of Directors responsible for granting licenses to eligible candidates. History of KROUFR Approximately thirty years ago, the development of trading on the financial market started in Russia. Large numbers of traders and brokers were found to conduct business in the

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