What is the FSCA and its role in forex tradingĮach country and region has its own regulatory body that regulates and authorises financial institutions or businesses that offer financial products and services to citizens within that country or region. These standards are unique to each regulatory body and their jurisdiction, however, they serve the same purpose, to keep traders and their funds safe.Īlso read: How South Africa is Taking The Lead In Forex Trading Such standards can include being registered, licensed, and thus authorised with the regulatory body, having frequent audits conducted, communicating changes of service to the traders that have registered accounts with them, and more. Simply defined, regulation refers to global supervisory bodies who are tasked to regulate forex by setting specific standards that the brokers who fall under their jurisdiction must comply with. A lot of new forex beginners may never have heard the words ‘regulated’ and ‘authorised’ in the context in which they are used in the forex industry.
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