{"id":1311,"date":"2016-11-29T09:26:48","date_gmt":"2016-11-29T09:26:48","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=1311"},"modified":"2020-09-22T08:21:01","modified_gmt":"2020-09-22T08:21:01","slug":"iiroc-registered","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/iiroc-registered\/","title":{"rendered":"IIROC Forex Brokers"},"content":{"rendered":"
Forex trading in Canada is a flourishing business attractive to traders and enthusiasts looking to profit working from their home as a side job or as full-time traders. With a number of new traders every day in this high-risk industry, there is an obvious need for regulation of Forex brokers in Canada to implement high standards and create a consistently safe market for the traders.<\/p>\n
The Investment Industry Regulatory Organization of Canada was founded in 2008 as a merger of existing market regulation services. It\u2019s a national organization supervising and administering the market providers and trading activities with an ultimate goal to provide market integrity and overall safety. IIROC works under Recognition Orders as part of CSA (Canadian Securities Administrators) which is formed and recognized by all provincial securities commissions. The IIROC has set high standards to ensure the protection of individual traders through regulation and strict procedures for brokers to obtain and hold licenses, further ensuring and providing effectiveness and competitiveness in the market.<\/p>\n
As a self-regulatory organization, IIROC is intent on setting highest standards in the investment industry. They strive to implement strict and healthy regulations, while still maintaining an open and competitive trading market. Some of the highlights of IIROC’s mission include:<\/p>\n
The organization sets certain ground rules for Forex brokers in Canada<\/a> and see to it these rules are actually observed. They constantly monitor financial and business activities of the brokers they regulate, making sure there are no irregularities of any sort. Furthermore, IIROC also makes sure that all companies under their license remain financially solvent. It is their job to establish financial soundness of different companies and Forex brokers and revoke their licenses if it is determined one of these companies does not have sufficient capital to support the type of undertakings they usually get involved with.<\/p>\nBest Forex Brokers<\/h3>\n