Regulation of Forex Brokers (Final Part)

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Commodity Futures Trading Commision (CFTC)

The Commodity Futures Trading Commission (CFTC) is an American governmental body which is in charge of regulating the transactions carried out in the American Futures market. The CFTC was created in 1975 and based in Washington D.C. It is the most important body in the USA regulating the Options and Futures market. It is responsible for maintaining the competitiveness of the market and ensuring the transparency and legality of all its operations. In this way, the CFTC's function is to combat any type of fraud, manipulation and abusive trading activities that may affect investors confidence in such a way that all processes benefit from complete clarity.

Below is a list of some of the brokers regulated by the CFTC :

- OANDA

- FOREX.com

- IB

Other important financial regulatory bodies :

FI (Finansinspektionen, in English : Financial Supervisory Authority) in Sweden

The Finansinspektionen (FI) is a public financial regulation body in Sweden, a country with high standards regarding the control of companies providing financial services and it complies with the regulations of the European Union in this field. Its role is to promote stability and efficiency in the financial system as well as to ensure effective client protection. It is in charge of authorizing, supervising and monitoring all Sweden-based companies operating in the financial markets. The Finansinspektionen is an agency of the Swedish Ministry of Finance.

IIROC (Investment Regulatory Organization of Canada)

The IIROC is a self-regulatory organization in Canada whose function is to regulate and supervise any companies located in Canada whose activities and services are related to investments and financial markets generallyl. It was created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc. Basically, the IIROC carries out its regulatory responsibilities through the establishment and reinforcement of regulations related to competition and the financial conduct of this type of companies and their registered employees. With this, it seeks to ensure the integrity and respect for laws and good market practices of Canadian companies whose activities are related to trading, especially in the canadian stock markets.

Below is a list of some of the brokers regulated by the IIROC :

- OANDA

- FOREX.com

- CMCMarkets

- Fortrade

- Jefferies

- Questrade

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