List of Broker with THE FINANCIAL COMMISSION Regulation

Online trading in Nigeria is currently unregulated, while offline forex trading is well-regulated. This regulatory contrast is due to the differences like these two markets.

Continue Reading at Is It Safe to Trade Forex in Nigeria?

The Monetary Authority of Singapore (MAS) is the regulatory authority overseeing forex trading in Singapore. Singapore's regulatory framework allows leverage up to 1:500 and covers a wide range of forex pairs and cryptocurrencies.

Continue Reading at Forex Trading in Singapore: 5 Facts You Need to Know

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

According to the PRA rulebook, there are 3 areas of the PRA regulations. Firms must comply with the regulations depending on which classification they fall into.

• Banking and Investment Rules: for CRR firms (banks, building societies, or investment firms subject to the EU Capital Requirements Regulation) and non-CRR firms (credit unions, building societies, or PRA-designated investment firms not subject to the EU CRR).
• Insurance Rules: for SII firms (insurance firms subject to the Solvency II Directive) and non-SII firms.
• Other rules: for non-authorized persons (persons or firms not authorized by the PRA).

Continue Reading at What are the Top UK Financial Regulators?