The role of the financial regulator is to ensure that businesses with a financial license adhere to the general framework of policies created mainly to protect the public. Brokers must provide transparency in reporting day-to-day activities, maintain enough liquidity to ensure that transactions are processed and must send frequent accounting reports to the regulator. Licensed online brokers possess a higher level of credibility over unlicensed operators.
Main Regulatory Organizations:
- ASIC – Australia Securities and Investment Commission (Australia)
- CySec – Cyprus Securities and Exchange Commission (Cyprus)
- NFA – National Futures Association (United States)
- CFTC – Commodity and Futures Trading Commission (United States)
- FCA – Financial Conduct Authority (United Kingdom)
- FSP – Financial Service Providers (New Zealand)
The complete list includes:
Country
Full Name
Abbreviation
Country
Full Name
Abbreviation