Forex Regulatory Organizations

For retail FX traders, the biggest risk of non-regulation is that of illegal activity or fraud.

Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system.

Forex market regulation refers to the rules and laws that firms operating in the Forex industry must follow. But regulation is more than just having rules in place, it’s also about the ongoing oversight and enforcement of these rules.

The purpose of regulation is to protect you from undisclosed financial risk and fraud.

The Forex market is by far the largest, most liquid market in the world, with more than $5 billion traded daily.

Due to its decentralized and global nature, the Forex market has been more prone to fraud and has been less regulated than other financial markets.

How do you regulate a market this big? And one that trades 5 days a week, 24 hours a day, all over the world?

Its size and scope create unique challenges regarding market regulation.

How do you regulate the Forex market?

There is no single global body governing the Forex market to police the massive 24/7 market.

Instead, several governmental and independent bodies supervise Forex trading around the world. The can only Supervise.

The supervisory bodies regulate Forex by setting standards that all brokers under their jurisdiction must comply with.

These standards include being registered and licensed with the regulatory body, undergoing regular audits, communicating certain changes of service to their clients, and more.

Licensed Forex brokers are subject to recurrent audits, reviews and evaluations to ensure that they meet the industry standards.

This helps ensure that currency trading is ethical and fair for all involved.

Every country has its regulatory authority that lays down the framework of rules that are to be complied with when operating in the Forex trading market.

Each Forex regulatory body operates within its own jurisdiction and regulation and enforcement vary significantly from country to country.

Below is a list of financial regulatory bodies for each country in alphabetical order.

Anguilla:

Antigua:

Australia:

Azerbaijan:

Bangladesh:

Belgium:

Belize:

British Virgin Islands:

Bulgaria:

Canada:

Cayman Islands:

China:

Croatia:

Cyprus:

Czech Republic:

Denmark:

Dominica:

Dubai, UAE:

Estonia:

Finland:

France:

Germany:

Greece:

Hong Kong:

Hungary:

Iceland:

India:

Indonesia:

Ireland:

Isle of Man:

Israel:

Italy:

Japan:

Kenya:

Capital Markets Authority (CMA)

Kuwait:

Latvia:

Lebanon:

Lithuania:

Luxembourg:

Liechtenstein:

Malaysia:

Malta:

Mauritius:

New Zealand:

Nigeria:

Norway:

Pakistan:

Panama:

Philippines:

Poland:

Portugal:

Romania:

Russia:

Seychelles:

Singapore:

Slovakia:

Spain:

South Korea:

Sri Lanka:

St. Vincent and the Grenadines:

Sweden:

Switzerland:

Thailand:

Turkey:

United Kingdom:

United States: