ESMA Forex Brokers

Many forex brokers are imposed to ESMA's new rules as most popular brokers come from the European Area. Many of them have been working with multiple licenses to maintain their global operation. Some examples are:

1. Admiral Markets
2. Exness
3. eToro
4. Plus500
5. IG
6. XTB
7. AvaTrade
8. FxPro
9. NordFX
10. TriumphFX
11. Saxo Bank
12. Interactive Brokers
13. CMC Markets

Continue Reading at ESMA Regulations for Retail and Professional Traders

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?

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

Official regulators in the UAE are as follows:

• The Dubai Financial Services Authority (DFSA)
• The Abu Dhabi Global Market (ADGM)
• The Securities Commission Authority (SCA)
• Central Bank of the United Arab Emirates (CBUAE)

It is important to understand that the UAE is divided into two financial areas, namely the Mainland and Free Zones. Brokers who operate in the Mainland are regulated by the SCA or CBUAE. Meanwhile, DFSA and ADGM regulate brokers in the Free Zones, which are designated to encourage foreign investments and allow foreign-owned companies to be located.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)