⁣Forex regulation ensures that brokers operate under a set of standards to protect traders from fraud and malpractice. Regulations differ from one region to another, but trustworthy brokers are often licensed by reputable authorities. Common Regulatory Bodies: 🔹FCA (UK): The Financial Conduct Authority ensures brokers meet high standards of operation. 🔹ASIC (Australia): The Australian Securities and Investments Commission regulates brokers offering Forex and CFDs in Australia. 🔹CySEC (Cyprus): The Cyprus Securities and Exchange Commission, which oversees brokers operating in the European Union. 🔹CFTC & NFA (US): In the US, brokers must comply with the Commodity Futures Trading Commission and the National Futures Association. Key Point: Always check if your broker is regulated by a respected authority. This provides an added layer of security and ensures that the broker follows strict operational guidelines.