■ ASIC (Australia)
The ASIC is the main Forex Regulatory Body of Australia. The organization was found in 1991 as a replacement of the NCSC (National Companies and Securities Commission). It is formed to regulate corporate and financial markets and financial services in the country. ASIC is specialized in regulating OTC markets and brokerage firms, like the Forex Brokers market and the Binary Options Brokers market.
■ AMF (European Union)
The AMF is an independent public body from the European Union which sets the rules and obligations for providing investment services in the EU. AMF mission is to regulate the implementation of financial instruments but also to ensure that investors receive the essential information about the financial markets and the risks that are involved in trading.
■ BaFin (Germany)
BaFin (Germany Federal Financial Supervisory Authority) was established in 2002 and is the main Financial Regulatory body in Germany. BaFin mission is to supervise Stock Exchanges and markets, Banks and Financial services providers, Asset management companies and pension funds that are operating in Germany.
■ Committee of European Securities Regulators (CESR) (European Union)
The Committee of European Securities Regulators (CESR) was formed as an independent committee in 2001. Each year CESR is obligated to present a full annual report to the European Parliament and European Council.
■ Financial Service Authority (FSA UK) (United Kingdom)
The Financial Service Authority (FSA) is the main Forex Regulatory Body of the United Kingdom. FSA was formed in 2000 and its mission is to regulate the operation of the Financial Markets in the UK, including exchanges, firms, and Forex brokers.
■ CFTC (US Commodity Futures Trading Commission)
The CFTC (Commodity Futures Trading Commission) is a USA regulator that was found in 1975. CFTC ensures the smooth operation of the options & futures markets in the United States. The role of CFTC was enforced and expanded in 2000. Today CFTC's mission is to protect investors and other market participants from manipulation, fraud, systemic risks and abusive practices related to financial instruments that are subject to the Commodity Exchange Act.
■ CySec (Cyprus Securities and Exchange Commission)
The CySec (Cyprus Securities and Exchange Commission) was found in 2001 as Cyprus corporate regulatory body. Many Online Forex Brokers choose Cyprus to establish their headquarters in order to take advantage of the low corporate tax rate. That makes the role of CySec furthermore crucial from a global perspective. CySec responsibilities include the controlling and supervising of the operation of the stock exchange and the transactions taking place within it, licensing firms and brokers and imposing disciplinary penalties.
■ ESMA (European Union)
ESMA is another independent EU Authority that was established in 2001. ESMA mission is to protect the stability of the EU financial system and ESMA responsibility is to ensure the transparency, integrity and orderly functioning of the European Union securities markets. ESMA is cooperating closely with EBA (European Supervisory Authorities of Banking) and also EIOPA (European Insurance and Occupational Pensions).
■ MiFID (European Union)
The MiFID is a European Union Directive that was established in 2007. MiFID mission is to regulate investment services across the European Economic Area by protecting consumers of financial services and by increasing the level of competition between Financial-Services Companies.
It is important for investors that their partner (Forex Broker) is licensed and highly regulated by at least one major Regulatory Body. Forex brokers who are not regulated can incorporate high risks for investors and cause them very serious financial damages. For example as concern the procedure of withdrawing funds.