It’s huge; it’s international. The foreign exchange market transcends borders, making forex regulators very important in making sure that everyone has a fair chance at being profitable in the foreign exchange market.
The forex dealing industry isn’t without its own critics; some say that forex brokers make it unnecessarily difficult to make a profit trading forex. Others suggest that bucket shops ruin the market for the honest people, failing to place trades and hoping their customers fail.
Forex Regulators You Should Know
Each country has its own regulatory authority for the financial markets. Some deal with the broader securities markets, while others focus entirely on the foreign exchange market. Below we list the key regulatory authorities for each country:
Australia
Australian Securities & Investment Commission – http://www.asic.gov.au/asic/asic.nsf
Canada
British Columbia Securities Commission (BCSC) – http://www.bcsc.bc.ca
Canadian Investor Protection Fund (CIPF) – http://www.cipf.ca
Financial Transactions and Reports Analysis Center of Canada (FINTRAC) – http://www.fintrac.gc.ca/
Investment Industry Regulatory Organization of Canada (IIROC) www.iiroc.ca
Ontario Securities Commission (OSC) www.osc.gov.on.ca
Denmark
Danish Financial Supervisory Authority (Also known as Danish FSA) – http://www.dfsa.dk/
Finland
Finish FSA – http://www.finanssivalvonta.fi/en/Pages/Default.aspx
India
Securities and Exchange Board of India (SEBI) www.sebi.gov.in
Reserve bank of India (RBI) www.rbi.org.in
Ireland
Reserve bank of Ireland – http://www.centralbank.ie/Pages/home.aspx
Japan
Financial Services Agency of Japan (FSA Japan) www.fsa.go.jp
Japan Securities Dealers Association (JSDA) www.jsda.or.jp
Japan Investor Protection Fund (JIPF) jipf.or.jp
Tokyo Commodity Exchange (TOCOM) www.tocom.or.jp
Malaysia
Securities Commission of Malaysia – http://www.sc.com.my/
New Zealand
Financial Markets Authority (FMA) www.fma.govt.nz
Financial Service Providers Register (FSPR) www.business.govt.nz
Financial Services Complaints Limited (FSCL) www.fscl.org.nz
New Zealand Exchange (NZX) www.nzx.com
Serious Fraud Office (SFO) sfo.govt.nz
Switzerland
Association Romande des Intermediares Financiers (ARIF) www.arif.ch
Swiss Bankers Association (SBA) www.swissbanking.org
Swiss Federal Banking Commission (SFBC) www.finma.ch
Swiss Federal Department of Finance (SFDF) www.efd.admin.ch
Swiss Federal Finance Administration (SFFA) www.efv.admin.ch
Swiss Financial Market Supervisory Authority (FINMA) www.finma.ch
Swiss National Bank (SNB) www.snb.ch
PolyReg www.polyreg.ch
Geneva Chamber of Commerce (CCIG) www.ccig.ch
United Kingdom
UK Financial Services Authority (FSA UK) www.fsa.gov.uk
Financial Services Compensation Fund (FSCS) www.fscs.org.uk
United States
Commodities and Futures Trading Commission (CFTC) www.cftc.gov
Financial Industry Regulatory Authority (FINRA) www.finra.org
National Futures Association (NFA) www.nfa.futures.org
Office of the Comptroller of the Currency (OCC) www.occ.treas.gov
US Securities and Exchanges Commission (U.S. SEC) www.sec.gov
Chicago Board of Trade (CBOT) www.cmegroup.com
Securities Investor Protection Corporation (SIPC) www.sipc.org
