The foreign exchange market is open 24/7 for trading. It offers global currency pairs for investment and is driven by geopolitical developments, news, the release of macroeconomic data and related developments. It is one of the largest global markets, on one hand, it offers enormous trading opportunities, but on the other, it is challenging to protect individual traders from any financial irregularities and frauds.
Thus, regulations were introduced through an established framework that ensures that financial intermediaries, like forex brokers, comply with the necessary rules to offer loss protection and controlled risk exposure to individual traders.
Governing Body in the US
All US forex brokers must be registered with the National Futures Association (NFA), the self-regulating body that provides the regulatory framework to ensure transparency, integrity, protection of investors, and abiding of regulatory responsibilities.
The National Futures Association (NFA) also offers an online verification system called Background Affiliation Status Information Center (BASIC), where forex brokerage firms can be verified for having necessary regulatory compliance and transparency.
Market Share of BlackBull Markets in the US
BlackBull Markets began in Auckland, New Zealand. The most integral vision of BlackBull Markets was to offer institutional level resources to retail clients. The service which distinguishes BlackBull Markets from other stockbrokers, making it one of the best brokers of the world, is their proprietary in-house trade-order aggregation software.
It also sets itself apart in this field by offering professional services to their clients, such as personal account managers, daily market condition updates, and analysis for an overall superior product to name a few.
The customized client services provided by BlackBull Markets have led to its recognition to spread which has further brought about the expansion of the company. BlackBull Markets has a very dominant presence in the US. It has established a technical support office at New York in the US, which provides technical support and primary trading services to its client.
BlackBull Markets has dedicated Equinix servers in New York which provides reliable and fail-safe services to its customers. Further, they also have two other Equinix servers which are available for backup in case of crisis or disaster management. It also has local representatives in the New York market which helps their client access the market 24/6, without any downtime. It provides personal customer support to all its clients which make them very reliable as investing partners.
BlackBull Markets provides an assortment of services and also maintain the required level of reliability and transparency, whereby it qualifies to be one of the best forex brokers in the world, thus, investors can partner with them for their investing endeavors.
Rules and Regulations
Regulations are very important for the proper functioning of the Foreign Exchange market. Too little will lead to financial irregularities and inadequate protection to individual traders; too much will lead to a lack of competitiveness in global markets.
One major challenge reported with US foreign exchange regulators is that leverage provided is limited to 50:1, while global brokers, outside of US regulations purview, provide up to 1000:1 leverage. Thus, market participants, traders, and investors need to take a cautious approach, ensuring security first.
BlackBull Markets is incorporated in New Zealand but now they established firm grounds in the US. They are registered with the Financial Services Provider Registry (FSPR) and are also a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme. They also maintain a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy; to ensure ethical practices for all the business utilities.
They are constantly striving to be the best in the US markets and provide their client with updated and round the clock services so that they can emerge as one of the best forex brokers.