Forex trading is not such a new thing. Big banks and large companies have been doing it for years. However, the introduction of online Forex trading platforms means that people just like you have a chance to participate. But before you start watching the news, analyzing charts and signals, even before you open a trading account, the first thing you need to do is find the best Forex brokers in Denmark. As a worldwide industry, Forex trading is largely unregulated, at least on a global scale by one single entity.
Instead, individual countries are left to regulate the industry on a more local basis. A number of countries have a regulatory body, in charge of supervising financial markets and all participants, and some are better known than others.
All Danish FSA regulated brokers, along with all regulated financial service providers are regulated and supervised by the Danish Financial Supervision Authority. The Authority is also responsible for the collection of all participants statistics.
The entities in question include banks, stock exchanges, clearing and registration organizations, securities and money market brokers, pension funds, insurance companies and brokers, investment associations and investment associations.
By way of regulation the DFSA aims to:. A common ploy for scam brokers is to claim they are regulated when in fact they are not.
One very good reason to double-check any information you find. Finanstilsynet DFSA is actively involved in developing European and international regulatory standards for the financial markets industry. What is the CESR? It is the Committee of European Securities Regulators which was an independent committee which was established by the European Commission in In , it was replaced by the European System of Financial Supervision.
This supervisory body was created following the financial crisis of This is an association of organizations which are responsible for regulating securities and futures markets of the world.
The aim of the organization is to help members promote high regulatory standards and act as a forum so that members are able to cooperate with each other and other international organizations. Most brokers will be only too happy to comply with the regulatory agency of its own country, and a number will register with regulatory bodies in other countries as well. The Forex market is huge. In fact, it is one of the biggest financial markets in the world. Unfortunately, there is no one centralized agency which is responsible for the market as a whole.
Countries are given the task of supervising Forex markets in their own countries instead. Country specific regulators are also responsible for awarding licenses to those who comply with regulations when offering financial services.
The advantages of choosing a regulated Forex broker include:. Whether or not you decide to choose a regulated broker is, of course, your decision. However, we should point out you will benefit from increased protection and be at a much lower risk of losing it all to a scam. Was the information useful? Get the latest Forex updates now!
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