Forex trading hong kong
The regulatory body responsible for the licensing and supervision of forex brokers in Hong Kong is the Hong Kong Securities and Futures Commission SFC.
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The SFC licensing procedure is a long and complicated one, involving submission of various documents, fit and proper test for officials representing the firm, and maintaining adequate accounting and control systems. The commission also exercises supervision over licensed companies, performing on-site reviews and off-site monitoring to assess and monitor their financial soundness and ascertain and supervise whether their business conduct is in line with regulatory requirements.
As most reputable financial jurisdictions, the Hong Kong one also has established an Investor Compensation Fund to compensate investors who suffer losses as a result of defaults of licensed intermediaries or authorized financial institutions.
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Unfortunately, only exchange-traded products are covered. In addition, amendments to the Code of Conduct for regulated companies were introduced in Decemberaccording to which SFC license holders are obliged to include a clause in client agreements, allowing investors to claim damages if the intermediary is selling or recommending a financial product that is not reasonably suitable for the client.
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The commission updates the register on a daily basis and anyone can easily check whether a certain broker is duly regulated by the Hong Kong Commission.
Hong Kong's Securities and Futures Commission SFC published a notice that it restricts the licensed activities of the local forex broker IDS Forex HK.
FXCMa leading money makes life happy shin chan provider of foreign exchange FX trading and related services, today announced that Forex Trading, LLC, a subsidiary of FXCM Newco, LLC "FXCM" has completed its sale of FXCM Asia Limited "FXCM Hong Kong" to Rakuten Securities, Inc. Citigroup, a heavy weight champion forex liquidity provider, is marlin model 917v stocks a relatively risk-low FX trading opportunity to their bank account holders in Hong Kong.
Forex trading carries a high level of risk and may not be suitable for all investors. Make money using adwords you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated forex trading hong kong it.
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