List of Broker with BULGARIAN NATIONAL BANK Regulation
Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.
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If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
How's the forex regulation in Kenya?
The Capital Markets Authority (CMA) is the financial regulatory body in Kenya. Although the CMA was established in 1989, it was not until 2016 that the government granted the CMA the power to monitor forex trading. Before this, the market was full of scams committed by unregulated brokers. Today, thanks to the Financial Act of 2016, forex trading is more secure and transparent in Kenya.
Continue Reading at Is Forex Trading Legal in Africa?
What are the regulations for online forex trading in Nigeria?
When it comes to online trading regulation, the ambiguity of laws in Nigeria contrasts with other African countries that have already implemented regulations. For example, South Africa's Financial Sector Conduct Authority (FSCA) and Kenya's Capital Markets Authority (CMA) have already regulated online forex brokers in their countries. Furthermore, South Africa has even established rules for forex trading taxation.
Continue Reading at Is It Safe to Trade Forex in Nigeria?
How did Russian forex regulation become very strict?
The first official effort to regulate the industry began in 2004 through the establishment of Federal Financial Markets Service (FFMS/FSFR). After the agency's disbandment in 2013, the Central Bank of Russia took over supervising Russian forex brokers.
In 2015, the Central Bank of Russia launched far stricter law enforcement. Forex brokers were given a January 2016 deadline to obtain licenses from CBR, or abstain from carrying out their services in the region. Since then, CBR only granted licenses to a handful of brokers.
Continue Reading at Best Forex Brokers in Russia
What are reliable forex broker regulations?
Some of the top regulatory agencies in the world include:
- The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the United Kingdom
- The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States
- The Swiss Financial Market Supervisory Authority (FINMA) in Switzerland
- The Australian Securities and Investments Commission (ASIC) in Australia
- The Financial Services Agency of Japan (JFSA) in Japan
- The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
If the broker you use is regulated by one of the regulatory agencies above, you can be confident that it is safe. The reason is that these regulatory agencies have strict requirements that brokers must meet to be licensed.
Only the most reputable and trustworthy brokers can obtain a license.
Continue Reading at How to Avoid Forex Broker Scams
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