SigmaForex LTD Registrations And Regulations

SigmaForex LTD is leading European professional online trading Brokers registered in the United Kingdom and most of the EU countries.

What is meaning by registered?

means that there is a company called SigmaForex LTD inside united kingdom & registered by United Kingdom Law & follow the governmental rules.

SigmaForex LTD registered & follows the governmental rules in United Kingdom and anyone can check that by visiting this official website: http://wck2.companieshouse.gov.uk/ this is a UK governmental website.

http://wck2.companieshouse.gov.uk/d8846c7fe805874be7c646b1ed4f10ce/companysearch?disp=1&frfsh=1216759237#result this is the full link where you can find SigmaForex LTD with the registration number.

SigmaForex LTD Regulations:

SigmaForex LTD working now to be regulated with FSA (United Kingdom Financial Service Authority) but now SigmaForex LTD is complying with FSA and many financial authorities like NFA, CFTC, FSC and others.

Why SigmaForex LTD not working in the regulation of NFA?

Most of Traders ask this question and it's a common question for any broker. Here's the answer; NFA (National Future Association) regulate the Financial Companies that based in United State and have Future Trading. SigmaForex LTD not inside United State and doesn't has Future Trading. But NFA rules are compatible with the rules that SigmaForex is following and you can check with your self.

Complying: Means that this company follows the rules 100% and meet their regulatory obligations efficiently.

Dear Trader, you must be involved and know the difference between FSA and NFA. Many Forex Brokers inside united State not regulated by NFA because they don't work with Future Trading but they are complying with them & follow the same rules as the Forex broker that regulated with NFA.

Forex Broker Regulation - Part One

What good is forex broker that you can trade and make money with, but when it comes time to take your money, they don't give it to you, because they don’t have it?

Forex Broker Bust Story. Refco was the biggest forex broker that was worth around $4 billion dollars. In October of 2005, Refco shut down its operations and every trader who had money with them got screwed big time.

Refco was regulated and for some time they were spending not only their profits but also deposits of their clients.
The amounts of money that traders saw on their trading platforms and the amounts of money Refco had in their bank accounts were different by $400 million.

So when the news hit the wire that Refco is running at such deficit, traders panicked and started asking for withdrawals. The only problem was that Refco was $400 million short of what it owed to traders.

There was a trial of course, and whatever assets the company had the court ordered to distribute among traders. I knew some people that had money with Refco. As far as I remember, after all assets were sold they got around 10% of what was owed to them. That means if person had $10,000 in his trading account, he got only $1,000 of it.

Forex Broker Regulation - Part Three

The difference Between NFA (National Future Association) And FSA (Financial Services Authority)

NFA [National Future Association]:
To Be Able To Register in NFA you must have the following:

1. You Brokerage Firm Based in United State
2. Working in Futures
   

These two rules are basically must be there to be able to regulate with NFA

FSA [Financial Services Authority]:
To be able to register with The FSA your brokerage firm must be exist & based in United Kingdom

Question: I have a brokerage Firm in United Kingdom. Can I register with NFA?
Answer: No You Can't. But If you have branches in USA you can do it

Question: I have a brokerage Firm in USA. Can I register with FSA?
Answer: No You Can't