While many developed countries allow citizens to make money trading in Forex, there are many restrictions in some countries. Trading in specific countries offers unique challenges, from finding forex brokers who have access to the market, to understand the trading opportunities and country-specific factors which impact on forex trading. Popular regulatory bodies include the Financial Conduct Authority (FCA) in the United Kingdom (UK) , the National Futures Association (NFA) in the United States , the Investment Industry Regulatory Organization of Canada (IIROC) in Canada , the Australian Securities & Investment Commission (ASIC) in Australia , the Securities Commission of Malaysia (SCM) in Malaysia , the Monetary Authority of Singapore (MAS) in Singapore , and dozens of others.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. So yes, Forex Brokers are regulated while holding a license from a local authority alike world known FCA in the UK, ASIC in Australia, Commodity Futures Trading Commission CFTC in the USA, MAS in Singapore and more.

Residents of certain countries are sometimes restricted from using foreign brokers, due to this it's important to be aware of local alternatives that can be used to access the markets. Hence many countries have made Forex trading illegal, while others have imposed restrictions on trading in Forex. Brokers from different countries offer different services according to their regulations. The whole concept of regulation is to oversee Forex business in a particular country or region, protect clients and ensure safe conditions while trading. Most of the broker offers basic order types, for example, stop-loss orders and market orders.