Forex Faq

Who regulates the Forex market? 

In the United States since December 2003, there is a clear regulation on the Retail Forex Market, Forex market involving small speculators (accounts with less than one million dollars). This regulation is carried out by the CFTC (Commodities and Futures Trading Commission), who in turn is in service with the National Futures Association, to keep track of all fiduiciarias companies participating in this market, as is the If IFX MARKETS. 

Is not this money laundering? 

No, the contrary, when the market monitored by NFA and CFTC meets the most stringent regulations (hardened from September 11, 2001) to combat money laundering and the financing or support terrorists. 

What currencies can handle in Forex? 

Currencies in the world are divided into 2 groups: high volume known as "majors" that include the Euro, Pound, Yen, Swiss Franc and the U.S., Canadians and Australians. On the other hand we have the low volume of currency circulation, these are called exotic currencies and between these is the Mexican peso along with other world currencies. 

Is it legal to operate the Forex? 

Absolutely, there is no law prohibiting or restricting the right to limit an investor to open an account with a broker regulated by the CFTC and NFA as is the case for IFX Markets, the company through which Global IFX performs operations their customers. 

Is there an auction floor in the Forex Market? 

No, the FOREX market, is there thanks to the negotiations of 4500 central banks and international financial entities such as brokers. As in Mexico there is one place where you can buy and sell foreign exchange (and there are exchange offices and banks) in the world there is no single place to meet this market. 

Who decides what price must each currency? 

Mainly supply and demand for currency, which is based on macroeconomic situations, policies and welfare. With this, each bank or financial entity, publishes 2 prices, the bid price or takes, that is what This entity would buy a currency, and Ask, or the sale price represents the price at which the entity would be willing to sell such currency. 

If my bag down to lower investment risks for this? 

Not necessarily, between the currency market and stock markets, there is no direct link, so if a particular index like the Standard and Poors or Dow Jones is down, not necessarily a currency loses value.