How is forex regulated?

Forex is the largest, most liquid market on the planet. That size and scope creates unique challenges regarding market regulation. There is no centralized body governing the currency trading market;

Forex Glossary by Country

COUNTRY	SUPERVISORY BODIES
United States	The National Futures Association (NFA) Commodities Futures Trading Commission (CFTC)
United Kingdom	Financial Conduct Authority (FCA)
Australia	The Australian Securities and Investments Commission (ASIC)
Japan	The Financial Services Agency (FSA)
Canada	The Investment Industry Regulatory Organization of Canada (IIROC)
Cayman Islands	Cayman Islands Monetary Authority (CIMA)
Hong Kong	The Securities and Futures Commission (SFC)
Singapore	The Monetary Authority of Singapore (MAS)

The global supervisory bodies regulate forex by setting standards which all brokers under their jurisdiction must comply with. These standards include being registered and licensed with the regulatory body, undergoing regular audits, communicating certain changes of service to their clients, and more. This helps ensure that currency trading is ethical and fair for all involved. candlestick trading

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