Forex regulation is an important safeguard for the safety of investors' account funds.
Where there is profit, there is fraud, and the foreign exchange market is no exception. In order to ensure the safety and fairness of foreign exchange transactions, government agencies in various countries to develop a series of foreign exchange companies should be the standard, so as to set up foreign exchange regulatory departments in order to control and monitor foreign exchange brokers. Regulated platforms act in accordance with the norms, and the safety of investors' account funds is protected.
At the same time traders should have the ability to distinguish between real and fake regulation.
Most trading platforms advertise themselves by claiming that they hold a license from and are regulated by such and such an institution; after all, a regulatory license is a good promotional point for the platform.However, there are some true and some false, and you need to check to identify them. The easiest way is to check with the corresponding regulatory bodies through the regulatory number or the full name of the company. Among the more influential ones are the National Futures Association (NFA), the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Swiss Financial Market Authority (FINMA).
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