1. The regulatory agency of the United States (NFA) is referred to as NFA, National Futures Association---NFA. The National Futures Association (NFA) was established in 1976 in accordance with the provisions of Section 17 of the United States Commodity Exchange Act.

The futures industry self-regulatory organization established in 2016 is a non-profit membership organization and a non-commercial independent regulatory agency for futures and foreign exchange transactions in the United States.

Section 17 of the Commodity Exchange Act originates from Chapter 3 of the Commodity Futures Trading Commission (CFTC) Act of 1974, which provides for the registration of futures associations and the CFTC’s supervision of futures professional self-regulatory management associations.

On September 22, 1981, the CFTC accepted the NFA and officially became a "registered futures association". On October 1, 1982, the NFA officially began operations.

The National Futures Association is a self-regulatory organization for the futures industry.

Generally speaking, the United States does not encourage the development of the retail foreign exchange industry. Instead, it has been suppressing retail foreign exchange dealers with strict supervision.

2. The British Financial Services Authority (FSA) in the United Kingdom (FCA) has been replaced by two new regulatory agencies since 2013, namely the Financial Conduct Authority (FCA) and the Prudential Regulation Authority.

PRA).

All regulatory powers over brokers will be transferred from the FSA to the FCA.

The FCA is the central regulatory agency for the UK's financial investment services industry, responsible for supervising banking, insurance and investment businesses.

The FCA is currently the financial regulatory agency with the most complete supervision and the strongest legal enforcement capabilities in the world. It has become a model for financial regulatory agencies in various countries to learn from, and its authority is highly recognized by investors.

The FCA is an independent agency not affiliated with the Bank of England.

From April 1, 2013, the FCA's responsibilities are to promote effective competition, ensure the normal operation of relevant markets, and supervise the behavior of all financial services companies.

These include preventing market abuse and helping consumers get fair trading opportunities.

At the same time, the FCA is also responsible for the prudential supervision of financial services companies that are not regulated by the PRA, such as asset managers and independent financial advisers.

When an FCA member company is deemed unable to pay its debts, compensation procedures can be initiated to compensate investors for their trading funds.

Therefore, choosing a formal and regulated investment platform will greatly protect investors' funds from unnecessary losses.

Don’t think about it in the early stages of FCA.

In the UK, it’s too fiddly, and new traders don’t have any advantages, so it’s quite difficult.

Coupled with a deposit of 1 million pounds plus an office and recruitment, the cycle is also very long, and the entire team is peeling off even if it is dead.

3. Australia (ASIC) Australia’s financial sector regulatory agency is the Australian Securities and Investments Commission.

The main license is the Financial Services Provider License.

Licensees can conduct brokerage business and trade through their own accounts.

Capital requirements are A$1.1 million and annual fees range from A$3,500 to A$50,000, depending on transaction volume.

Office location requirements: Must have a physical office location.

There should be at least one Australian person acting as manager of the company.

Investment services can only be provided to Australians within Australia.

Some key regulatory requirements: During the final stages of the application, capital requirements funds must be frozen.

After a company obtains a license, the required capital will have to be issued and paid-in capital, and 50% of the required capital must be in current assets.

Client funds must be kept segregated.

Investment companies must fulfill regular reporting obligations on capital adequacy and large risks. In addition, they must fulfill internal audit reports, compliance reports, risk management reports, anti-money laundering reports, audited financial statements and audit reports, compliance plans, and training registrations.

and product review policy reporting obligations.

License holders must be members of the Investor Compensation Fund.

Licensees must also carry professional liability insurance and directors and officers liability insurance.

All companies must reasonably maintain accounting records and perform audit obligations in accordance with internationally recognized accounting standards.

In addition to keeping accounting records, monthly tax reports, monthly statements, and quarterly tax reports also need to be kept. If employees are hired, monthly pay stubs must also be kept.

All companies must disclose statements, terms and conditions and financial services guidelines.

4. Canada (IIROC) The Investment Industry Regulatory Organization of Canada (IIROC) implements the same trading laws and regulations for foreign exchange and all securities.

For foreign exchange traders and related brokers, IIROC has proposed minimum capital requirements (the former is CAD 250,000 and the latter is CAD 75,000).

At the same time, IIROC has promulgated other laws and regulations to control customers' trading risks.

By limiting trading leverage (based on the volatility and liquidity requirements of a certain currency, the spot risk margin is evaluated to determine whether to adopt a restrictive policy), customer interests are protected and casino-style excessive speculation is prevented.

And, in order to protect traders from the bankruptcy of the broker, it also provides each trader with financial insurance in the amount of CAD 1 million underwritten by a third party.