Reasons to Use Regulated Forex Brokers

Forex trading is a nice way of earning more money. They help their customers earn millions from the trading of currencies and in the process they earn their own share of money which is very good. They mostly earn more money by predicting which country’s exchange rates will rise or fall in the future.
Who gives legal permissions for the brokers?
There are many Forex brokers in all the countries and cities and hence most of the Forex trading agencies never regulate all their Forex brokers. Most of the brokers get legal permissions from their local brokerage agency dealing with regulation process in their own cities and countries. This is the reason why the US Forex brokers are regulated through the Federal Reserve System, Securities Exchange Commission, or through the office of the comptroller related to that particular currency, or even through the Federal Deposit Insurance Corporation. Whereas the brokers in Iraq are legalized through the Iraq Securities Commission and in Japan get regulations from the Financial Services Agencies.

Rules for Forex traders:
Brokers trading in NYSE and Nada are very much different from the brokers who are trading in Forex exchange. Hence there are certain different rules for them to follow and these rules are implemented by the National Futures Association. Some of the major currencies such as Canadian dollars, US dollars, Australian dollars, European Euros, Chinese Yen, British Pound and the Indian Rupees are mostly involved in most of the trading that take place in the Forex Exchange.
Role of National Futures Association:
Certain Exchange foreign currency rules are laid upon the Forex trader when they are regulated by the National Futures Association. These rules are certain information related to dues and assessments, responsibilities of an assignee and also on how you can supervise a Forex account. It also tells you various about circumstances which you may face while you are trading and how you should be able to handle such situations properly.
You can get much such information on the official website of National Futures Association which will be helpful not only for the fresh Forex Broker but also for the people who are investing in Forex exchange. Here you are given different rules such as alerts for the Forex investors, managing the Forex traders, requirements needed for the Forex reporting, various notices that will be send to Forex members and other information which will help the person who wants to gain knowledge about Forex exchange. You can also find various promotional offers laid upon by the company for their members, procedures on how you can start and maintain your Forex brokerage account, you can also register your complaints if you have any.
Keep away from fraud brokers:
There are so many unregulated brokers of which you should be aware of. Try to avoid investing in such fraud Forex trading companies. Check out their phone numbers and postal address on their websites and enquire whether it’s a real one. As reported by The Commodity Futures Training Commission, above 395$ have been lost by the customers in connection with fraud Forex traders.