Check NFA in America, FSA in Britain and ASIC in Australia. Take the Australian platform AETOS as an example. It is supervised by ASIC.
1. Are you a registered member of ASIC or a member of FOS program?
Go directly to the ASIC website and enter the supervision number to inquire about the operation information. If a foreign exchange dealer is registered in ASIC and is a member of FOS, it will be included in our selection. AETOS includes these two points.
The regular foreign exchange platform I recently used, Yongwo Fortune, is quite good.
2. Understand the business scope of its regulatory license.
On the official website of ASIC, you can find out the time, company name and address of each trader in detail. You can also check the dealer's licensed business scope under the supervision of ASIC, which indicates the details. It is illegal for any foreign exchange dealer to operate beyond the scope.
3. Verify whether the payee is a regulated country and whether the payee is consistent with the regulated enterprise.
In other words, whoever is regulated must accept the funds of the customers in which country, and the payee must be a regulated enterprise. For example, AETOS is regulated by ASIC in Australia, so AETOS company must be the payee in Australia to be really regulated by ASIC.