Regulation of Forex Brokers (Part 3)

Previous part : https://cutt.ly/5kqBWB4

German Financial Regulatory Body : BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht, in English : Federal Financial

Supervisory Authority)

The BaFin is German financial regulatory authority. It is an independent federal institution with its main offices in Bonn and Frankfurt and is under the supervision of the German Federal Ministry of Finance. Currently, the BaFin supervises around 2,700 banks, 800 financial services institutions and more than 700 companies that offer related services, such as insurances, for example. The BaFIN was founded on May 1st, 2002 and the primary objective of its formation was to create an integrated financial regulator that would cover all financial markets in Germany.

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

- FIBO Group

- FXTM

- XSpot

Spanish Financial Regulatory Body : CNMV (Comisión Nacional del Mercado de Valores, in English : National Stock Market )

The CNMV is a Spanish financial regulation body in charge of the supervision of the Spanish financial markets and all the actors that intervene in them. Currently, it operates according to a regulatory framework that adapts to the regulations issued by the European Union. The main objective of the CNMV is to monitor the transparency of the Spanish financial markets in order to ensure the protection of investors and avoid any type of criminal or unfair commercial practice. The actions of this entity are centered on any organization that provides financial services in Spain.

Below is a list of the brokers regulated by the CNMV :

- HotForex

- GKFX Prime

- EVERFX

- Lydya Financial

- FXORO

- DIF Broker

- XTB

Financial Regulatory Body of the USA :

NFA (National Futures Association)

The NFA is an organization charged with the complete regulation of the entire American Futures industry. It is in charge of safeguarding the market's integrity in order to protect all investors against possible fraudulent firms. It has a series of strict regulations as to required capital and other conditions in order to ensure that the company has real conditions to provide financial services. In the case of brokers, this ensures that they have the necessary liquidity to allow themselves to cover their operations. Currently, less than 30 brokers are registered with the NFA.

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

- OANDA

- FOREX.com

- Samtrade FX

(To be continued ... )