Forex is a multi-trillion-dollar market, with a daily turnover reaching 4 trillion U.S. dollars. In such a vast market, brokers need to be credible and reliable. Strong regulation of Forex brokers gives traders confidence that their funds are securely held and managed according to ethical business practices. A Forex regulatory body serves as a guideline for investors seeking safe trading systems that adhere to established standards. 

It is important for investors that their partner (Forex broker) is licensed and regulated by at least one major regulatory body. Unregulated Forex brokers can pose significant risks to investors and may cause serious financial losses, especially when it comes to procedures like withdrawing funds.

■ ASIC (Australia) 

ASIC is the main Forex regulatory body in Australia. Established in 1991 as a replacement for the NCSC (National Companies and Securities Commission), it oversees corporate and financial markets as well as financial services in the country. ASIC specializes in regulating OTC markets and brokerage firms, including Forex brokers and binary options brokers.

 

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