Forex regulation varies from country to country. In the United States, the main regulatory body for the forex market is the Commodity Futures Trading Commission (CFTC), which oversees the activity of futures, options, and swaps markets, including the forex market. The CFTC works to ensure that traders and investors are protected from fraudulent or abusive practices, and that the market is transparent and fair.
In the European Union, the main regulatory body for the forex market is the European Securities and Markets Authority (ESMA). The ESMA is responsible for regulating the securities and financial markets in the EU, and has the authority to take regulatory action to protect investors and maintain the integrity of the market.
Other countries also have regulatory bodies that oversee the forex market, including the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC) in Australia, and the Monetary Authority of Singapore (MAS) in Singapore.
It is important for traders and investors to be aware of the regulatory environment in the countries where they are trading or investing, as this can help to ensure that they are protected from fraudulent or abusive practices and that the market is transparent and fair.