BROKER REGULATORS

 Introduction to Broker Regulations

regulatory body that aims to protect security and honesty in the implementation of buying and selling transaction activities. Each country has its own regulatory body. The following is a list of regulators in each country, including:

a. CFTC, Commodity Futures Trading Commission (CFTC)

The CFTC is an independent institution in America that was founded in 1974 with the aim of protecting market participants and the general public from fraud, manipulation, infringing practices, and systemic risks associated with its derivative products, as well as other products that are regulated from commodity futures trading. Brokers with CFTC regulations above are mostly used by professional traders with thousands to millions of dollars in funds because they are known for the safety of their funds.

 

b. NFA, National Futures Association (NFA)

NFA is an independent organization for the financial derivatives industry in America, including futures trading exchanges, retail foreign currency (forex) and derivative products from OTC (swaps). For more than 30 years, the NFA has grown, developed and enforced the rules, provided programs and offered services that functioned to maintain market integrity, protect investors and help NFA members meet their regulatory responsibilities.

  

 

c. FCA (Financial Conduct Authority)

The FCA is the UK's financial regulatory body, but operates independently of the UK government. FCA is funded by charging fees to members of the financial services industry. FCA regulates financial companies that provide services to consumers and maintains the integrity of UK financial markets. The FCA focuses on regulating the activities of retail and wholesale financial services companies, much like its predecessor the FSA. FCA is formed as a limited company with a guarantee.

 

 

d. ASIC, Australian Securities & Investments Commission (ASIC)

ASIC is an independent Australian government agency, which acts as a corporate regulator in 

Australia. ASIC's role is to enforce and regulate company and financial services laws to 

protect consumers, investors and creditors in Australia. ASIC was founded on 1 July 1998 after

being recommended by Kiri Wallis. The powers and scope of ASIC are defined in accordance with

the Australian Securities and Investments Commission Act 2001.

 
e. CoFTRA, Commodity Futures Trading Supervisory Agency (Bappebti)
CoFTRA is an echelon I unit at the Indonesian Ministry of Trade, which is tasked with carrying
out guidance, regulation and supervision of futures trading activities as well as physical
markets and financial services in Indonesia.
 
f. CySEC (Cyprus Securities and Exchange Commission)CySEC is the financial regulatory agency of
Cyprus. As a member state of the European Union, CySEC's financial regulations and how it
operates must comply with and comply with the provisions of European financial law, namely
MiFID. A large number of overseas retail forex brokers as well as many binary options use
CySEC regulations to offer their products. 
 
 g. Offshore Regulation,Offshore regulation is a broker regulatory agency that is located in a
remote country and is tax-free. There are a lot of brokers belonging to the Offshore category.
Have an operating license with a less credible legal umbrella, usually located in Russia, Saint
Vincent and the Grenadines, Mauritius, British Virgin Island (BVI), Seychelles, Cayman Island,
New Zealand (New Zealand), Panama, Philippines, Egypt, Ireland, Costa Rica, Mexico, Columbia,
and Nigeria. The following is the name of the offshore regulatory agency and the country of
origin:
     a) IFSC (Belize).
     b) CRFIN, KROUFRR (Russia). 
     c) Securities and Exchange Commission (Nigeria). 
     d) Capital Market Authority (Egypt)
     e) Superintendentia General de Valores (Costa Rica)
     f) Comisión Nacional de Valores (Panama)
     g) BVI Financial Services Commission (FSC of BVI)
     h) Financial Services Commission of Mauritius (FSC Mauritius)
     i) Superintendencia Financiera (Colombia).This offshore regulatory company has 
        the potential to carry out money laundering activities with irresponsible parties. 
        If you invest in a broker with offshore regulations, it is recommended that you only 
        have funds under 1000 USD. The advantage of trading at an offshore broker is that it
        allows customers to deposit funds locally using an ATM or e-banking machine through
        a third party account, which belongs to the management of an Introducing Broker.
        There are almost no administration fees deducted, either for depositing or withdrawing
        funds. Offshore brokers are in great demand by beginners because of the ease of
        verifying real accounts, depositing and withdrawing funds.