🏛 Forex Regulation Facts
- Forex Market has no universal regulatory supervision
- Each country has its own regulatory bodies: from strongest (NFA US) to limited (SVGFSA)
- There are many non-regulated Forex brokers worldwide
Forex Regulatory Bodies
- SC - Securities Commission Malaysia
- FCA - Financial Conduct Authority
- FSCS - Financial Services Compensation Fund
Up to £85,000
- Bank of England
- PRA - Prudential Regulation Authority
- FPC - Financial Policy Committee
- FS Register - Financial Firms Register Search
- The Financial Commission
What is the purpose of Forex regulation?
Register. Regulate. Supervise. Protect.
Due to its decentralized nature, Forex market is most prone to fraud and manipulations.
Forex regulatory bodies lay out a framework of rules to prevent financial fraud within their jurisdictions and perform broker registration, supervision & audits.
Even then, Forex fraud is not uncommon. To protect yourself and your investment, always choose a regulated Forex broker, if possible - within Major hubs with the strongest regulatory supervision: US, UK, Canada, Australia, EU.