FMA Regulated Forex Brokers from buzai232's blog

FMA Regulated Forex Brokers

Financial Market Authority is the watchdog of New Zealand’s financial market fostering a safe trading environment by closely monitoring market performance. FMA-regulated brokers ensure clients gain fair access to expanding offerings while providing strong protection against any unethical practices nationwide.To get more news about fma regulated forex brokers, you can visit wikifx.com official website.

FMA Forex Trading Platform
Forex Trading is a fully legal and highly regulated activity in New Zealand, FMA optimizes market performance and ensures a safe trading environment. So Forex Trading Platform offered by FMA Regulated Broker is alligned according to specified criterias:
The main role of the Financial Market Authority is to supervise banks and insurance, as well as other financial market participants including Forex Brokers. The regulatory body oversees the financial markets and provides a confident trading environment to the customers, supporting further trading industry growth.
With a mission to uphold the highest standards of conduct in its financial sector, FMA oversees and guides almost all brokerage companies and trading platforms nationwide. For more information on this key regulator, please see below:

New Zealand Forex regulatory body was formed back in 2011. Its main purpose is to control the financial sector properly, putting an end to the formerly formed doubts in regard to New Zealand’s financial sector reputation.
FMA, after its formation, also made it one of its priorities to control and regulate forex brokers, by implementing strict laws and rules.
Forex brokers under the FMA regulation have to follow certain rules and be responsible for their conduct: Hold at least 1,000,000$ to cover the indemnity and operational responsibilities and provide transparent data and an advanced level of customer protection
When brokers do not follow the set rules and regulations, the FMA can impose strict punishments and fines, and in some cases, even ban the broker. This is a big step forward that helps to maintain the forex market possibly clean of frauds and misconduct.
Besides, the authority offers negative balance protection and a compensation scheme of NZ$200,000 to protect clients’ funds if the broker goes bankrupt.
New Zealand and FMA Brokers are among last ones in the world still allowing high leverage, which makes FMA Brokers quite popular and demanded choice