Regulations and License !
Needless to say, one of the most important criterias for choosing a forex company as an intermediary is the legislative situation of the company , the financial oversight bodies are the legislative body governing and regulating the company. Regulatory bodies ensure maintenance of the integrity of trading in the foreign exchange market, the Forex broker is exposed to several rules of the regulatory body through which he can get the necessary licenses that he needs, all of that is helpful in maintaining a suitable environment for trading and improving the relationship between broker and trader.
The AbrajBank company is in the lead of the trading business and always strives to provide the best service to its customers . that’s why we have registered our company under various organizations and regulatory bodies around the world.
As a trustable financial company AbrajBank is obliged to review the traders transactions on monthly bases to ensure full compatibility with the laws regarding capital ratios .In addition to ensuring the company’s compliance to company policies relating to money laundry ,terrorist financing and the events of 9/11.
The main role of the regulatory body in Forex companies is to strengthen the control over the foreign exchange market in a particular jurisdiction. we could list the roles of these many regulatory bodies as indicated below :
- - Protective regulations for the trader .
- - Protection against tampering and fraud and scammers.
- - The safety of Forex trading.