Everything You Need to Know about RichmondSuper.com

What is it about the newly established trading companies that is capturing our attention? Is it maybe because the selection of those companies that we already have is not satisfying enough? Or is it simply the fact that our natural tendency towards embracing new and improved things that we learn about comes into play here? Whatever the case may be, there is certainly a lot of appeal and attractiveness surrounding the latest trading company what we stumbled upon during our research, called RichmondSuper.

RichmondSuper is based in London, which really says a lot about this trading company at a first glance. As you may have heard before, the United Kingdom is one of the strictest parts of the world when it comes to regulation of the Forex market. How come that this company is able to satisfy these tough demands despite being present in the industry for a short period of time? This question, along with many others will be answered in this RichmondSuper.com review.

Regulation of the Forex Market

The Forex market, or the Foreign Exchange market, is one of the most exciting places to be right now. In the past couple of years, the tension has been building up with so many new trading opportunities in this sector of the market. As a result, the Forex market is the most liquid market on the globe. It’s daily turnover accounts for over $5 trillion, while this market also has a lot of other special features that make it stand out from the crowd. For starters, for this market to be able to process so many different transactions, it is only natural that it would always be open. So, no matter where you are, you can always access it and enjoy the latest action among the foreign exchange activities.

So, the fact that this type of market has so much money going in and out of it, it should definitely be taken into consideration that the regulatory frame needs to be that much tighter and stricter than compared to other market sections. Here, the regulation is conducted by a variety of regulatory bodies and authorities. Some of them are in charge of a certain country, while others have a broader sense of direction and much greater responsibility for wider areas across the globe.

What goes into the Forex regulation? There are many things to consider here. However, the main thing that you should note is that the Forex regulation is here to completely serve you and your rights. They do so by making sure that the trading companies are always honoring them and allowing you to take advantage of the many benefits that this market gives you.

The Forex regulation goes a bit differently than the regulation of other markets. The main reason for it is the fact that this market is decentralized, which is the basis of its appeal. However, this brings a whole other level of complexity and details that should be taken into consideration with this type of market. The main reason for such strict rules and regulations is the fact that, due to its decentralization, the Forex market is more prone to fraud and other damaging activities that bring this market’s reputation under dark light.

Some of the most respected and reliable regulatory authorities in this include the following:

National Futures Association (NFA)

The NFA is one of the two most reputable regulatory bodies in the area of Foreign exchange in the United States. It was established way back in 1982 when the Forex industry was merely an idea. Flash forward to today, this authority is one of the most important ones that contribute to the safety and security of all trading activities on it. Also, this body is a non-profit organization, which means it is completely independent of any influence and is able to do its due diligence with honour and respect for the industry standards.

The NFA is based in Chicago with another office in New York City. From these two points, the NFA is able to overlook the entire foreign exchange activity in all 50 states, which is quite a lot of work. The many activities that the NFA conducts include:

Conducting research of all new companies that are attempting to qualify for providing trading services in the US

Giving out licences and other important documents that allow these companies to practice trading activity on the US soil

Preventing malicious and damaging activities in this area such as cybercrime, fraud, identity theft and other acts of cyber terrorism

Giving out fines and other penalties for the trading companies who fail to follow through with the regulatory frame that this body imposes.

Commodity Futures Exchange Commission (CFEC)

This is another independent agency that is in charge of regulating all trading activities for the area of the United States. Founded back in 1975, the CFEC is now one of the most influential regulatory authorities in this area. In its core, the CFEC and its activities are focused mainly on preventing fraudulent activities in the area of trading futures and options. Back when it was first established, it was mainly focused on regulating the area of commodities trading, before eventually moving on to other parts of the market as well.

CFEC was created by the act of Congress, and since then it has proven itself as trustworthy and reliable even in times of hardships. This regulatory authority does not stray from telling it like it is, which is why it has received more and more responsibilities in the past couple of years.

How does this regulatory authority work? Well, the CFEC oversees the derivatives market by encouraging competitiveness and efficiency, as well as protecting all market participants from fraud, manipulation and other harmful practices. All of this then contributes to the healthy and accessible trading community, which is the main reason why the clients from all around the globe are attracted to companies such as RichmondSuper.com.

Financial Conduct Authority (FCA)

FCA is the main regulatory authority for the area of providing trading services in the United Kingdom. This is also the most reputable body in the industry, which really says a lot about it. Mostly, it shows us that the brands that are operating in this area are top-notch. They provide the best possible trading opportunities for the clients, as well as make sure that they are protected from malicious intents during their trading journeys.

It operates separately from the UK government, which proves that it is trustworthy and reliable. Also, it means that there are quite a lot of requirements that this authority has to apply. FCA is responsible not only for regulating different brands under its jurisdiction, but also contributes to the regulation of a large portion of the financial sector of the country. Overall, FCA is responsible for about 60.000 jobs and over 2 million people who are employed in the United Kingdom.

Australian Securities and Exchange Commission (ASIC)

Lastly, ASIC is one of the few names that have earned the right to be called giants in the industry of regulating the trading landscape. This body operates in Australia, where it is one of the most reputable bodies that oversees quite a large portion of financial activities that are conducted in this country each day.

But, that’s not all. ASIC is also responsible for providing consumer protection, as well as making sure that the users’ rights are always being fulfilled to their full capacity. Back in 2016, ASIC was even able to start a process against the Bank of Australia for rising benchmark rates, thus disrupting the entire financial system of Australia.

The Purpose of Regulation

The main goal of regulating the Forex market is to ensure that the companies operating on it are respecting and following the regulatory guidelines of the trading industry. RichmondSuper is one of the few names that is able to follow through with them to the smallest detail, which we don’t see quite often. The most important purpose of it is to ensure ethical business behaviour, which will make sure that all of the market participants are able to take full advantage of the many benefits that are available here.

Forex brokers that are regulated by some of the above-mentioned authorities are regularly subjected to reviews and other tests in order to make sure that their operations are up to standard. There are a lot of requirements that these companies need to satisfy. For starters, they need to have a significant amount of capital in order for their business to be able to operate even during the most volatile times. Then, when it comes to funding, it would be safer for the clients if their funds are kept in segregated accounts. This is the case with RichmondSuper – this company makes sure that the clients’ money is safe even if the worst happens to the company itself.

However, the most important feature of the well-established and reputable broker is regarding the client conduct. Namely, this means that the companies who provide trading services are forbidden from making false promises, or trying to get you to achieve more on the market by providing high leverages or other features. After all, these perks usually come with a lot of risk in the long run, so it wouldn’t exactly be beneficial for you to indulge in them in the first place.

Understanding Forex and Currency Pairs

So, what are the main tradeable assets that you can find on the RichmondSuper platform? From stocks to commodities and currency pairs, there is something for everyone. However, currency pairs are something that is making waves for quite a while now, so let’s focus on those for a second, and the many ways that these assets can enrich your portfolio.

Currency pairs are the assets that you can trade specifically on the foreign exchange market, which is the most liquid market in the world. It is also always open, so you can engage with it whenever you feel like it. The currency pairs that are the most wanted on the Forex market lately include the following:

USD/EUR – this is the most liquid currency pair on the world. It represents the relation between the US dollar and the European euro, which have many factors that daily contribute to their value

USD/JPY – the Japanese yen is considered as one of the most stable currencies in the world. The Japanese economy is quite significant, since it is mainly based on import

EUR/GBP – the British pound is a controversial currency, especially compared to the euro. The main reason for that is the ongoing relationship between the United Kingdom and the European Union since the Brexit first emerged.

It should be noted that the currency pairs can be displayed in both ways, for example – as EUR/USD and the USD/EUR. In both cases, of course, the value will be completely different. There are a lot of different things that come into play here, so trading currency pairs is definitely one of the most appealing trading activities to date.

Conclusion

As you can see, there are many things that you need to consider when trading on the market. RichmondSuper is a helpful guide through all of this. This is one of the rare companies that are an open book – they tell it like it is, and show you both good and the bad sides of finance and investing on the global markets. As a result, their goal is to help you make the smartest trading decision as an independent trader, and not just one of the many followers of the same old routinely formula that only works for the selected few.

RichmondSuper is definitely the name that everyone will remember, and for many good reasons. This company is on its track of becoming a lasting and respected name in the trading industry.