Best HKSFC (Hong Kong) Regulated Forex Brokers 2019

Hong Kong is considered to have one of the largest financial markets in the world, and is considered to be a major contributor in the retail forex trading industry. With so much power and complexity this status involves how does it maintain such a strong financial status? Well, the country’s regulatory body of financial markets helps to ensure Hong Kong’s success. Let’s find out more.

Introduction to HKSFC Regulation

The Hong Kong Securities and Futures Commission (HKSFC), is an independent regulatory body tasked with the regulation of financial instruments in the Hong Kong Securities and Futures markets. The regulatory agency was introduced and established in 1989 by Hong Kong authorities, receiving its guidelines from the Securities and Futures Ordinance of the Hong Kong legislature. The HKSFC is committed to the security, protection, and welfare of it’s investors. It aims to regulate the financial markets, individuals, and businesses participating in Hong Kong’s securities and futures market. Thus, resulting in a stable and flourishing economy in Hong Kong.

HKSFC Responsibilities

Being the most important regulatory agency for financial markets in Hong Kong, the HKSFC is tasked with numerous important responsibilities. Although, the main responsibility is the regulation of all financial companies in the securities and futures market operating in Hong Kong. Along with this, the HKSFC promotes the fairness and competitiveness within the industry. As well, they protect Hong Kong’s economy through the prevention of any activities resulting in any inefficiencies or disorderliness within the economy.

With all these responsibilities comes some very important tasks and roles they must achieve. Some of their most important roles and responsibilities are as follows.

  • The licensing and regulation of financial companies who meet all their strict requirements.
  • The maintenance and supervision of licensed persons and registered institutions.
  • Protection of investors rights by ensuring transparency, security, and regulation of financial institutions.

How HKSFC Regulation protect you

The whole purpose of the Hong Kong Securities and Futures Commission is to protect Hong Kong investors and the economy. So how do they achieve such a grand level of protection? Through the rules, regulations, supervision, and implementation of their procedures and guidelines. They protect investors by providing secure and transparent financial markets with the guaranteed regulation of all Hong Kong forex brokers.

In addition to the points above, the HKSFCA presents relative news and knowledge to investors which informs and educates them. As well, they issue warnings about fraudulent foreign brokerages who are not regulated by them.

Guidelines for HKSFC Regulated Brokers

The HKSFC makes companies undergo a scrutinizing procedure to determine their competence for receive licensing and regulation under them. All forex brokers in Hong Kong must come under the regulatory supervision of the Hong Kong Securities and Futures Commission. Regarding this, companies are required to follow the agency’s specific code of conduct and adhere to all the rules and requirements. One requirement is for all companies to offer detailed documentation of investment products along with numerous risk disclaimers, which helps all parties to understand the risks involved before investing. As well, companies are required to report all financial statements periodically and conduct audit reports through competent third-party agents. All in all, the HKSFC’s guidelines for their brokers are similar to the global regulatory guidelines adopted by agencies throughout the world.

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