Currently, the top four regulators are: 1. Financial Services Authority (FCA) Due to the implementation of the new EU regulations, the supervision of FCA in the UK is currently limited to investors in the EU, and foreign investors need to provide passport information as regulatory protection. This move has also greatly infringed on the interests of platforms and agents, leading to the withdrawal of many platforms supervised by FCA from the Asian market.

2/4

National Futures Association (NFA) The National Futures Association is a non-commercial independent regulatory agency for futures and foreign exchange transactions in the United States, and belongs to the self-regulatory organization (non-profit) of the American derivatives industry. The American Futures Modernization Act requires all foreign exchange dealers to be registered as futures commission dealers (FCM) and foreign exchange dealers (FDM) with the American Futures Association (NFA) and the American Commodity Futures Trading Commission (CFTC), and accept the daily supervision of these institutions. The behavior of NFA is supervised by CFTC, and it has no power to punish and enforce the law. At present, there are only two retail foreign exchange dealers supervised by NFA: Jiasheng and OANDA Anda.

3/4

Australian Securities Investment Committee (ASIC) ASIC supervision in Australia is still very strict, ranking among the top foreign exchange regulators in the world. According to the provisions of Australian ASIC, if traders want to provide financial products and services to retail customers, they must join an external dispute settlement institution to protect the rights and interests of retail customers. If an Australian foreign exchange dealer doesn't have EDR, then it can't accept retail investors (that is, what we call retail investors). It is understood that institutional customers in Australia are more than 500,000 Australian dollars. Through this move, many fake companies can be filtered out, because there are many financial service providers in China, and they only do institutional business in Australia. Foreign exchange dealers regulated by ASIC should pay attention to the following points: look at the current situation of supervision. Secondly, look at EDR, which means accepting retail customers. Third, look at derivatives and foreign exchange contracts. Fourth, confirm the website (key point) of the truly standardized company and make an inquiry through EDR.

4/4

Investment companies registered in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) must register CIF (Cyprus Investment Company) and accept the supervision of CySEC.