Learn Forex Trading Education

The world of forex trading is a world where a lot of money changes hands. And trading using internet are more complicated to monitor it. Therefore, it is need regulation to protected and to make sure that everything do not get out hands. So, please check, did your broker or service provider indeed following official forex regulation. The regulations are different with one country to others country

The people ic charge of Forex Regulation:

1. The NFA (The National Futures Association), it is self regulatory organization for US futures Industry
2. The CFTC (The Commodity Futures Trading Committee) , it is for forex regulations for financial market in the United States
3. FSA (The Financial Services Authority), it is for United Kingdom’s forex regulation
4. Various National Authorities , each country have it, and they have their own regulation.

Forex Regulation for Service Provider:

1. A forex broker/ dealer / service provider must be licensed in the country
2. make quality control standard, so your business will be safe
3. They must make periodical audits, reviews and evaluation to match it with industry standard.
4. Forex brokers must maintain sufficient amount to meet customer’s need

While you go through the forex world you must keep this regulation.

This entry was posted on Saturday, February 5th, 2011 at 3:20 pm and is filed under Learn Forex Basics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.