Regulatory bodies in Forex trading are organizations established by governments, financial institutions, or independent entities to supervise and regulate financial markets and participants, including forex brokers. They ensure that market participants follow ethical and legal standards, protect investors and traders, and promote market stability and transparency.
Regulatory bodies set and enforce rules and regulations that brokers must follow, including requirements for minimum capital, segregation of client funds, fair pricing, reporting, and disclosure. They also oversee brokers' activities and investigate and prosecute misconduct, fraud, and other violations of the law. In addition, regulatory bodies may offer educational and support programs for traders and investors.
The regulatory bodies in Forex trading differ by country or region. Some examples of regulatory bodies are the U.S. Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC).
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