Brokerage license - one of the most important evaluation criteria when selecting a DC and forex broker. It shows what regulators are checking when deciding the quality of the brokerage company dealing in forex. What is difficult for traders forex?

 

1. Regulators issuing brokerage licenses in the world and the amount of difference between the two is huge and firm.

Accordingly, licenses are giving for different weight and value between brokers vary significantly. One case, for example, a license in the U.S. futures market regulator NFA, is quite different when giving license compared to Panama or Mauritius (which is licensed to the island of Mauritius was a notorious brokerage company Broco that has not paid to two traders of Academy Masterforex-V. Details Article Should I trust traders Forex broker’s license? )

 

2. Therefore, the rating of Forex brokers by Masterforex-V Academy, of 18 evaluation criteria DC, various brokerage licenses have different points

  • 70 points the most reputable licensed brokers;
  • 30 points - license state regulators of the structures;
  • 3 points - non-government, self-proclaimed, market regulators, with no little influence on the forex brokers;

3. Licensed brokers - is a necessary but insufficient condition for the choice of DC to open a live trading account.

Academy of forex and stock market Masterforex-V warns novice forex traders , that the license of a broker does not guarantee a trouble-free trading. For example, Ikon Group 3 received the most senior and respected brokerage license in the world (FSA, CFTC, NFA) and ... did not calculate the trader Academy (details in the article Ikon Group has not paid the trader almost USD 20,000.). Therefore, consider the choice of the full range of brokerage 18 forex brokers rating criteria, as do professional traders do at the Masterforex-V Academy. Details in the chapter How to check the reliability of the broker with whom you are going to work

The most authoritative license for brokerage companies in the world

NFA (National Futures Association). This license has the following forex brokers:

  • FOREX.com (Major League rating forex brokers Academy Masterforex-V)
  • Forex club (Forex Club)
  • FXDD
  • BMFN
  • Ikon Group

More in the article NFA (National Futures Association): that means their license for a broker forex exchange?

 

CFTC (Commodity Futures Trading Committee) . This license forex brokers received the following:

  • FXCM
  • OANDA (Oanda)
  • GFT

Details in the article CFTC: the Commission Commodity Futures Trading ensures reliable broker?

 

FSA UK (The Financial Services Authority). Have its license

  • FOREX.com
  • FIBO Group
  • ICM Brokers
  • Saxo Bank
  • FXCM
  • OANDA
  • GFT

Details in the article FSA: Britain controls the license forex broker?

State regulators:

Russia:

FFMS ( Federal Financial Markets Service) >>

  • Finam
  • EXNESS
  • Alpari
  • Grand Capital
  • Admiral Markets
  • Instaforex

 

TSROFR (Center for policing the financial markets) >>

 

License are:

 

Cyprus

CySEC (Cyprus Securities and Exchange Commission and Exchange Commission) >>

  • Finam
  • UWC
  • Admiral Markets
  • FOREXYARD
  • FxPro

Switzerland

FINMA (Swiss Financial Markets Authority) >>

License are:

  • MIG Bank
  • Crown Forex
  • Dukascopy Bank SA

Germany

BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) >>

License are:

  • Alpari
  • Tadawul FX
  • Raw Materials Broker GmbH (RMB)
  • FXCM

USA

SEC (The United States Securities and Exchange Commission) >>

FINRA (Financial Industry Regulatory Authority) >>

License are:

  • ACM
  • Dukascopy Bank SA
  • Otkritie Inc.
  • AK CAPITAL
  • G-TRADE SERVICES LLC
  • KENMAR SECURITIES INC.

SIPC (securities Investor Protection Corporation) >>

License are:

  • Boston Merchant Financial
  • QB Finance
  • FIRST CLEARING LLC
  • CV BROKERAGE INC
  • BNP PARIBAS PRIME BROKERAGE INC
  • AMERICAN CENTURY BROKERAGE INC

Canada

FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) >>

License are:

  • FX Clearing

 

EU

MiFID (The Markets in Financial Instruments Directive) >>

License are:

  • Admiral Markets
  • Saxo Bank
  • FxPro
  • X-Trade Brokers DM SA
  • Windsor Brokers
  • ARGUS Stockbrokers Ltd.

Netherlands

AFM (The Netherlands Authority For The Financial Markets)

License are:

  • TadawulFX.

France

CECEI (Comite Des Etablissements De Credit Et Des Entreprises D'Investissement)

License are:

  • TadawulFX.

Greece

HCMC (Hellenic Capital Market Commission)

License are:

  • TadawulFX.

Hungary

HFSA (Hungarian Financial Supervisory Authority); PSZAF (Hungarian financial market regulator)

License are:

  • TadawulFX.

Ireland

IFCS

License are:

  • Forex-Metal

Poland

PFSA (Polish Financial Supervision Authority)

License are:

  • TadawulFX.

Luxembourg

CSSF (Commission de Surveillance du Secteur Financier)

License are:

  • TadawulFX.

New Zealand

FSCL (Financial Services Complaints Ltd.) >>

License are:

  • RoboForex
  • Abbott Insurance Brokers Limited
  • Brokerweb Management Limited
  • Crombie Lockwood (NZ) Limited
  • JP O'Neill Limited
  • Gould Steele & Co

Mauritius

FSC Mauritius (Financial Services Commission Mauritius) >>

License are:

  • YouTradeFX
  • Broco
  • FXopen
  • NordFX
  • Forex4you

The Republic of Botswana

Botswana IFSC (Botswana International Financial Services Centre) >>

License are:

  • Aon Risk Management
  • Imara Holdings Botswana Limited
  • FINDEV (Proprietary) Limited

Association of brokers and dealing centers:

These associations do not carry any of a legal obligation. They are self-advertising and make "status" campaigns in the eyes of the uninitiated users. Their decisions are not binding. A striking example of this, is not enforcing their decision of KROUFR on the payment by a company Broco profit to traders of the Masterforex-V Academy.

KROUFR (Commission for Regulation of Financial Markets Relations) >>

Members:

  • Forex Club
  • Admiral Markets
  • Group companies UMIS
  • Alpari
  • TeleTRADE
  • MasterForex
  • Adrenalin Forex
  • Grand Capital
  • Akmos Trade

RAFMM (Russian Association of Financial Market) >>

This license shall have the following brokers:

  • Investment company United World Capital
  • InstaForex
  • LifeForex
  • Investment group CorsaCapital

NAUFOR (National Association of Stock Market Participants) >>

Members:

  • Investment Company "UFS Finance"
  • "Absolut Invest"
  • "Agency of stock investments"
  • Brokerage Company "Region"
  • Investment company "Blagovest"
  • Investment Company "Finam"
  • "Renaissance Broker"

 

  • NFA (National Futures Association): that means their license for a broker forex exchange?
  • CFTC: the Commission Commodity Futures Trading ensures reliable broker?
  • FSA: a UK license controls forex broker?
  • FFMS (Federal Financial Markets)
  • CySEC (Cyprus Securities and Exchange Commission and Exchange Commission)
  • KROUFR (Commission for Regulation of Financial Markets Relations)
  • RAFMM (Russian Association of Financial Market)
  • BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht)
  • FINMA (Swiss Financial Markets Authority)
  • NAUFOR (National Association of Securities Dealers)
  • FSC Mauritius (Financial Services Commission Mauritius)
  • SIPC (securities Investor Protection Corporation)
  • SEC (The United States Securities and Exchange Commission)
  • MiFID (The Markets in Financial Instruments Directive)
  • FSCL (Financial Services Complaints Ltd.)
  • Botswana IFSC (Botswana International Financial Services Centre)
  • FINRA (Financial Industry Regulatory Authority)