HOME   SEARCH BROKERS   COMPARE BROKERS   REVIEW BROKERS   ADD A BROKER YOUR FEEDBACK LIVE FOREX CHARTS  
ADVANCED BROKER SEARCH & COMPARISON
BROKER CYBERSEARCH

391 Forex broker updated daily — Search, customize, sort, compare in few clicks! Welcome to experience the Broker Search on a whole new level!

Forex Regulation | Forex Regulatory Bodies




Like any financial market, Forex currency trading requires proper regulation. Every country has own governmental financial institutions & independent regulators that supervise and control the Forex industry and work to protect its investors.

Not all Forex brokers nowadays are regulated by appropriate financial regulators in their countries. It's important to pay attention to your broker's regulatory status, as it'll determine the level of security and protection of your investment.


Read more...


Broker discussion area

RahmanSL

February 19, 2011

trader 5-Feb-2011:

If a Broker don't bother to ask you for any verification of your address, then in all likelihood, the Broker is only interested in your deposit money as they do not expect you to withdraw any of your money.

Choose your Broker carefully and wisely...don't go for Brokers that offer high attractive "rebates" and "bonuses" as ALL Brokers are out there to make money and those "high Rebates & Bonuses" have to come from somewhere and most definately not from the "goodness of the Broker's heart".

RahmanSL


BrokerGuru

February 6, 2011

They should ask for both documents:
- a passport, driver license or other valid ID - to verify you personal identity;
- and then additionally an utility bill - to verify your address.

Why some brokers don't ask for the utility bill, I don't know, but they should.


trader

February 5, 2011

Why do some forex brokers require a copy of my utility bill as proof of address while some only need a copy of id card?


BrokerGuru

November 11, 2010

SmarttradeFX is not regulated.
In Canada, as far as I know, Forex brokers aren't required to have any regulation. I would rather prefer to be wrong though.
In Hong Kong it supposed to be FSC of Hong Kong.


trader

October 23, 2010

hi,
can u find out about smarttradefx.com ? they said their headquarter is in hongkong, but i found out
that they are from canada. what regulatory bodie that supervise them ? i'm thinking about opening an account
but i'm not sure they are regulated. please give me a link (if any) to their regulator saying that they are a member.
thanks in advance.


BrokerGuru

October 15, 2010

Not sure how to answer... "Too severe" comparing to what? Either way, I don't think we can compare regulatory policies and powers in different countries much. MAS needs to do what they do, since quote:
"Singapore is the fourth largest FX centre globally and the second largest FX centre in Asia, after Tokyo. Average daily foreign exchange (FX) turnover volume in Singapore was US$266 billion during April 2010. http://www.mas.gov.sg/news_room/press_releases/2010/Foreign_Exchange_Survey_2010.html Read the press release on the BIS survey."

Also, I don't know what it means for MAS to be an 'integrated supervisor'. Again, in which content? Can you provide quotes or references etc.


trader

October 14, 2010

Also, what does it mean for MAS to be an 'integrated supervisor'??


trader

October 14, 2010

Do you think MAS's powers are too severe? And if so, which powers would you regard as too severe???


BrokerGuru

October 9, 2010

In Brunei - Brunei International Financial Centre (BIFC) - www.finance.gov.bn


trader

October 7, 2010

how about regulation in Brunei Darussalam?


trader

October 4, 2010

Thank you so much


BrokerGuru

October 4, 2010

I understand we need to clarify about MiFID:

MiFID is not an organization. It's a document - a directive from the European Commission of the European Union (EU). This document contains rules and guidelines to be followed by financial organizations in the countries which are members of the EU.

When a Forex broker mentions about MiFID, it simply means that the broker complies with the guidelines and principles outlined in the directive.
(MiFID stands for "Markets in Financial Instruments Directive").


trader

October 3, 2010

Thank you

Yes I`ll open an account with a forex broker in Malta - FXDD ( regulated with MiFID - MFSA )
and another who regulated with MiFID , So is MiFID strong like MFSA OR FSA ?

That`s what I ask about ? can you inform me please

Thanks in advance.


BrokerGuru

October 3, 2010

Markets in Financial Instruments Directive (MiFID) is a directive, guidelines from European Commission.

Malta Financial Services Authority (MFSA) - is a financial regulator in Malta.

I'm not sure what you mean when asking about my opinion, but in every country there is a FSA or a similar organization that supervises and regulates financial sector. If you look to open an account with a Forex broker in Malta, seek first of all for those that are regulated with MFSA.


trader

October 3, 2010

Hello sir ,

Thanks you for this important information.

I have question , I did not see MFSA - MiFID in what I read above so what do you think about MFSA ? Do you know How much power and status they have ?

Thanks in advance.


BrokerGuru

September 28, 2010

In each country the regulation of the financial sector is done by both: the Central bank and the Financial Services Authority (FSA), which could be a subsidiary of the Central bank or act as an independent body. The initial role of the FSA is to strengthen the monitoring and regulation of the financial markets, and in this way allow the Central bank to focus on other important areas of financial regulation.

FSA authorizes, supervises and monitors all financial entities which conduct financial activities in the country: including banks, investment funds, brokers, insurance companies and financial advisers. Forex brokers require a license from FSA or from the Central bank to conduct brokerage activity in the country.

The EU is not a direct regulator of the Forex industry and its participants. The European Union is a cross national independent economic and political union of, currently, 27 countries. Its executive body - the European Commission - is responsible for proposing legislation in a variety of different industries. When it comes to the financial industry, the EU is very active in developing rules for Europe's financial markets. European legislation comes in the form of Directives, which express the objective to be achieved. Among well-known directives you might have heard about:
- Markets in Financial Instruments Directive (MiFID)
- Third Money Laundering Directive
- Capital Requirements Directive (CRD) / Basel 2
- Transparency Directive

The rules of FSA domestic policy can differ from those suggested by the EU. But the idea is that while pursuing its own domestic policy, FSA is expected to be actively engaged in co-operation with the EU to achieve a better regulation in Europe.

XTB broker is regulated by Polish FSA. Regulation by either the National bank or by FSA doesn't allow any room for violation of proper business conduct. Any individual trader can submit a complaint about the misconduct of his broker, which will be investigated. When found guilty, a broker will either lose a license or get a warning and pay penalties.


trader

September 25, 2010

Hello, what is the difference if a broker is regulated by the central bank in the country (e.g. Czech Republic or Poland) but is not regulated with FSA?? Do they have to be regulated automaticly by the European Union?? Does FSA have different rules then the EU commision? Any help from your side will be appritated.

XTB is not FSA right?? If they are not but are regulated with Polish govermanet or national bank what should I expect compare to being them with FSA?? Can they do things different and cheat? :-)

Thank you


BrokerGuru

September 11, 2010

In Singapore:
- Monetary Authority of Singapore (MAS) - www.mas.gov.sg
- Singapore Exchange (SGX) - www.sgx.com


trader

September 9, 2010

Hello,

what are the regulators in Singapore?



Write your comment or a review

Image CAPTCHA
Enter the characters shown in the image.
© 2008 — 2017
100FOREXBROKERS.COM
ALL RIGHTS RESERVED
BROKERS
Search
Review
Add a broker
TERMS OF SERVICE
Disclaimer
Privacy policy
COMPANY
About us
Contact
Careers
Investors
PARTNERSHIP
Advertise with us
Advertise
Your feedback
Link to us

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

When trading in stocks your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.