Guide to PFSA Regulated Forex Brokers
Those of you considering investing in Forex trading would be wise to consider PFSA regulated brokers. Choosing a broker to facilitate your trading is one of the most important decisions you’ll have to make. All over the world, there are people embarking on a Forex trading career, and picking a regulated broker is rarely given the attention it deserves. Any time you spend deliberating your options will be time well spent and pay dividends in the long run. An unregulated broker is generally going to promise big profits, but there is little recourse available should things go wrong. So who is responsible for regulating the services of Forex brokers in Poland?
The PFSA and the regulation of Forex brokers in Poland
The official regulator for financial markets in Poland is the Polish Financial Supervision Authority (PFSA). In Polish, it is known as the Komisja Nadzoru Finansowego (KNF), and it is responsible for supervising banking, capital markets, pension schemes, insurance, and electronic money institutions. It was established in 2006, following legislation which was passed in the same year relating to the supervision of the financial markets. It took over the work of the Insurance and Pension Funds Supervisory Commission and the Securities and Exchange Commission. These authorities were abolished as part of the provisions of the 2006 legislation. The PFSA is an entity which is publicly funded and serves as the point of contact and watchdog for all areas of the financial market in Poland. One of its more recent roles has been to ensure Polish banks remain healthy during the recent global banking crisis.
Prominent PFSA Regulated Forex Brokers In 2018
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