List of Broker with VFTC Regulation

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

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

Here are the steps on how to check if a forex broker is regulated:

• Check the broker's website.
  
  
• Visit the regulatory agency's website.
  
  
• Contact the regulatory agency.
  
  

Continue Reading at How to Avoid Forex Broker Scams