Below are some of the credible regulators that you should look out for when a broker claims that they are regulated.
Financial Conduct Authority (FCA) – United Kingdom
The FCA is known for its strict regulatory standards, ensuring that brokers operate transparently and protect their clients’ funds. Brokers regulated by the FCA must meet stringent requirements and undergo regular audits.
Australian Securities and Investments Commission (ASIC) – Australia
ASIC is another highly regarded financial regulator. They enforce robust policies to protect traders, including client fund segregation and transparency in business practices.
Commodity Futures Trading Commission (CFTC) – United States
The CFTC, along with the National Futures Association (NFA), regulates forex brokers in the U.S., ensuring that they comply with strict rules regarding leverage, transparency, and client security.
Cyprus Securities and Exchange Commission (CySEC) – Cyprus
CySEC oversees many European forex brokers and is recognized under the European Markets in Financial Instruments Directive (MiFID II), ensuring regulatory alignment with other European Union countries.
Financial Sector Conduct Authority (FSCA) – South Africa
FSCA regulates forex trading and investment firms in South Africa. It has been gaining recognition for its growing oversight and protection of traders.
Swiss Financial Market Supervisory Authority (FINMA) – Switzerland
FINMA is known for its high regulatory standards, providing extensive protection for traders dealing with forex brokers based in Switzerland.
BaFin (Federal Financial Supervisory Authority) – Germany
BaFin regulates forex and financial services in Germany, upholding a high level of scrutiny and ensuring the stability and security of the financial markets.