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BestForexPromo.com Forex trading is governed by strict regulatory authorities of different countries on a nation to nation’s basis. Every country has a public regulatory agency that oversees the operation of things in the Forex and financial market.
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom.
he National Futures Association (NFA) is the self-regulatory organization (SRO) for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps).[copyright violation?] NFA is headquartered in Chicago and maintains an office in New York City. NFA is a non-profit, independent regulatory organization.
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's authority and scope is determined by the Australian Securities and Investments Commission Act, 2001 (Cth).
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