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December 12, 2019
A Forex broker license often becomes one of the factors to be considered in selecting the right broker. This is because different kinds of license could mean unique things for the Forex broker. A license could indicate which regulators manage the broker’s activity.
Moreover, a license for Forex broker could also portray the way the business is run by the broker. In the Forex market itself, numerous regulation authorities could issue a license as well. For a new broker, this is especially important to have licenses from various regulators.
This way, the new broker could showcase how reliable the company is compared to others. Since every license is not created equal, having various types of licenses would make a broker looks trusted since it suits multiple business models throughout the Forex market.
Thus, it is quite crucial to consider a regulatory approval status for a Forex broker before you are trading with it. For instance, NFA, the National Futures Association is the main provider for authoritarian programs, especially for American market. Then, what is another Forex broker license available?
In addition to the popular NFA, many other regulators are offering different kinds of licenses. Since they are different from another, a variety of Forex licenses are measured differently when rating a Forex broker. Licenses provided by government agencies are typically more considered than non-state ones.
It’s no secret that a broker license is important, but it isn’t the only factor to select the best Forex broker. You need to take the other criteria into account before choosing to open an account in a Forex broker. You should consider the whole business model the broker has.
Then, what are the regulators providing a Forex broker license nowadays? Aside from the NFA, there are also CFTC, the Commodity Futures Trading Committee, and FSA, the Financial Services Authority. The FSA comes from Great Britain and has numerous brokers under its authorization.
Moreover, you could also find a broker authorized by CySEC or Cyprus Securities and Exchange Commission. There is also FINMA, a financial market authority from Swiss. In the American market, you can find SEC, the United States Securities and Exchange Commission, as well as the FSC Mauritius.
Besides, some brokers are also regulated by the FSCL, Financial Services Complaints Ltd or the SIPC, Securities Investor Protection Corporation. And others might be authorized by MiFID, the Markets Financial Instruments Directive. Note that each of them has a distinctive market and regulates the broker’s activities differently as well.
Now the question is: which licensed Forex broker would we take into account? SalmaMarket should be on your top list when it comes to regulated Forex broker. It has a Forex broker license from the IFSC, International Financial Services Commission, so you can take it into account completely.
The main goal of the IFSC itself is to promote and develop a center for international financial services. Moreover, it aims to provide effective supervision as well as regulation for worldwide financial services. SalmaMarket Forex broker has also been evaluated by Global Banking and Finance Review.
Not only regulated by a trusted authorization, but SalmaMarket also has other beneficial offers for its potential clients. One of them is a complete STP model for a more competitive Forex quote and transparent pricing in the Forex market. Plus, SalmaMarket has won various awards as well.
Once you join SalmaMarket, you could enjoy a variety of benefits as well such as free T-shirts, smartphones, and even pilgrimage trips to Mecca. In conclusion, SalmaMarket could be a good partner for your Forex trading activity. It holds a Forex broker license as well that you can trust.
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