7Newswire
30 Mar 2023, 23:12 GMT+10
When trading foreign currencies, it is crucial for investors to work with a Forex broker that complies with all applicable regulations. Maintaining enough financial resources, keeping client funds separate from the company's operating funds, and providing a fair and transparent trading environment are all standards that regulated Forex brokers must achieve to operate legally. As an added precaution, regulatory agencies routinely audit and examine regulated brokers to make sure they are following the rules.
There are numerous regulated forex brokers available, making it difficult to identify which ones are the "best regulated forex broker." Your requirements as a trader of contracts for difference (CFDs) or an investor in the foreign exchange market may dictate the type of trading platform, trading tools, or research resources you need. The ideal forex broker for you may depend on the specifics of your investing strategy.
In any case, here are a few Forex brokers who are both trustworthy and regulated:
IG Markets is a respected Forex broker that is authorized by a number of financial regulators, including the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS).
CMC Markets is an approved and regulated Forex broker by multiple financial agencies, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS).
Social trading platform eToro lets users observe and mimic the actions of other users. The Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission are among the many financial regulators that regulate it (ASIC).
Listed on the London Stock Exchange, Plus500 is a safe and secure Forex broker. The Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CYSEC), and the Australian Securities and Investments Commission are among the many financial regulators that regulate it (ASIC).
Saxo Bank is a reputable Forex broker that is supervised by multiple agencies. These agencies include the Financial Conduct Authority (FCA) in the United Kingdom, the Danish Financial Supervisory Authority, and the Switzerland Financial Market Supervisory Authority (FINMA).
XM is a foreign exchange (Forex) broker authorized by the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
AvaTrade is a highly regulated Forex broker, having been licensed by the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) in the British Virgin Islands, among other regulatory bodies.
Trading Forex with the peace of mind that comes from using a regulated broker can be worth the time and effort it takes to research and find one. While there are benefits to working with a regulated Forex broker, there are hazards to consider if you choose for an uncontrolled broker. There is a risk that these brokers will engage in fraudulent or unethical behavior, such as fixing rates or withholding payouts. In addition, your money may be at risk if you work with an unregulated broker who is not subject to the same laws and safeguards as registered brokers.
Get a daily dose of Oakland Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Oakland Times.
More InformationWASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...