The world famous Banking and Financial center Switzerland as a result of its valuable positions and the increasing popularity together with volumes of the Trading merged together few regulatory organizations. This step was done in order to supervise operations and function properly within the Swiss economical system, as well as enable integrity between all parties.
|1||Swissquote||1996||DFSA, FINMA, SFC|
|2||Dukascopy||1998||FCMC, FINMA, FSA|
Overall, with its one of the strictest regulations, FINMA Regulated Forex Brokers ensuring there are no unnecessary risks taken, along with ultimate client’s and funds protection, which the Swiss system is noted in. In addition, the independent constant monitor of the financial market players protects from frauds or any abuse within the Swiss offerings, yet applies only to regulated brokers unlike the other unscrupulous companies.
To identify if a forex broker is regulated by FINMA, the first step is to identify the name of the entity from the disclosure text on the broker's homepage. For example, here's the key disclosure text from Swissquote's website.
Swissquote holds a banking license issued by its supervisory authority the FINMA.Next, look up the firm on the list of supervised institutions listed on FINMA's website to validate the firm's current regulatory status. Here is the official FINMA page.
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