A forex regulator is a body established in a country whose job it is to supervise and license a forex broker in that country. Supervise and ensure that forex brokers run their business in accordance with applicable regulations.
The name of the broker regulator in a country is different, but the duties and obligations are more or less the same. Here are some of the regulatory bodies and their countries :
- ASIC ( Australian Securities and Investments Commission ) – Forex regulatory body in Australia
- CySEC ( Cyprus Securities and Exchange Commission ) – Forex regulatory body in Cyprus
- FSA Seychelles ( The Seychelles Financial Services Authority )- Forex regulatory body in Seychelles
- SCB ( The Securities Commission of The Bahamas ) – Forex regulatory body in Bahamas
IC Markets broker is an online retail forex broker that is regulated and registered in several countries. IC Markets broker base is in Australia. Trading with various trading styles at IC Markets broker is allowed, these genuine ecn brokers do not limit their clients’ trading strategies. IC Markets also allows traders to trade using EAs, besides that there is also a free VPS for eligible clients