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Foreign exchange regulation is vital for protecting investor interests and maintaining market stability. Before entering the trading world, it is crucial to understand broker compliance and regulatory authorities to ensure self-protection. Several authoritative global regulatory agencies include: FCA (Financial Conduct Authority, UK): Established in 2013, it oversees the UK's financial markets, ensuring fairness, consumer protection, and stability. FCA regulates banks, insurance companies, securities brokers, and other financial institutions. ASIC (Australian Securities & Investments Commission, Australia): Founded in 1991, ASIC safeguards Australia's securities and financial markets, focusing on fairness, investor protection, and financial stability. It regulates banks, insurance companies, securities brokers, and corporations. NFA (National Futures Association, USA): NFA is a non-profit futures regulatory organization established in 1982. It oversees the US futures market, ensuring a transparent and fair trading environment while safeguarding investor rights. FSAJ (Financial Services Agency of Japan): This Japanese independent government agency was established in 2000. It regulates banks, insurance companies, securities brokers, and other financial institutions, prioritizing market fairness, investor protection, and financial stability. FINMA (Swiss Financial Market Supervisory Authority, Switzerland): Founded in 2007, FINMA regulates Switzerland's financial markets, including banks, insurance companies, securities brokers, and other financial institutions. Its focus is on market fairness, investor protection, and financial stability. In conclusion, understanding foreign exchange regulation and selecting brokers under the purview of reputable regulatory agencies are essential for safe and fair trading, protecting investors' rights, and ensuring market stability.

Edited 14 Jun 2023, 11:36

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