Forex Brokers in Finland
Forex trading in Finland is popular amongst residents who are looking to buy and sell currencies to speculate on the fluctuating currency market prices. Whilst international forex brokers can accept traders in Finland as clients, forex brokers in Finland are required to become authorised by the Financial Supervision Authority (FIN-FSA) which is the financial regulatory body in Finland. Financial stability and increasing confidence in markets are among the primary goals of FIN-FSA. It is also imperative for investors to be protected and feel safe.
Best forex brokers Finland
To find the best forex brokers in Finland, we created a list of all the forex brokers that accept clients in Finland and then ranked them based on our overall rating. You can see our list of our top forex brokers for Finland below.
ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA
FIN-FSA forex brokers in Finland
The Finnish Financial Supervisory Authority is the financial regulatory authority of the Finnish government, responsible for the regulation of financial markets in Finland. Their responsibilities include fostering compliance with good practice on the financial markets and public awareness of the markets.
The FIN-FSA was established on 1 January 2009, following a merger of the former Financial Supervision Authority and the Insurance Supervisory Authority. FIN-FSA operates in connection with the Bank of Finland.
The Financial Supervision Authority (FSA) supervises financial markets and participants. The operational objective is to promote stable conditions in the financial markets and enhance public confidence in supervision and market behaviour.
Affiliated with the Bank of Finland, the FIN-FSA is free and independent in audit decisions. The purpose of FIN-FSA is to stabilize credit institutions, insurance, and pension companies in the market. Another goal is for people to have confidence in market transactions. Specific laws sanction these duties.
There are about 500 supervised entities which includes banks, brokerage firms, stock and derivatives exchanges, management companies for mutual fund and the Nasdaq Helsinki.
The Nasdaq Helsinki, formerly known as the Helsinki Stock Exchange is a stock exchange located in Helsinki, Finland. Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services.
Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets.
How to verify FIN-FSA regulated brokers in Finland
You can find an authorised broker’s license number from the disclosure text at the bottom of their homepage. You can then look up the authorisation number on the FIN-FSA company register to confirm if the forex broker is regulated in Finland to provide online forex trading products and services.
Some Finland forex brokers are regulated in more than one jurisdiction so that they can offer a different range of trading accounts and conditions depending on the location of the trader and regulated entity that they choose to open a forex trading account with.
Is forex trading legal in Finland?
Yes, forex trading is allowed in Finland, where there are over 5.5 million potential traders. The government of Finland’s financial regulatory body, the Finnish Financial Supervisory Authority (FIN-FSA), is in charge of overseeing the nation’s forex trading and financial markets. The service sector makes up the majority of the Finnish economy, followed by manufacturing and refining. The country’s GDP is significantly boosted by tourism, hence currency exchange is necessary for effective commercial operations in Finland.
Forex Brokers Bulgaria
As the foreign exchange market continues to grow and attract investors from all around the…
Forex Brokers in Czech Republic
In the fast-paced world of Forex trading, finding the right broker can make all the…
Forex Brokers in Luxembourg
Are you interested in forex trading? Do you want to know how to choose the…
Forex Brokers in Ukraine
In the dynamic world of trading, the foreign exchange market holds a significant place, and…
Forex Brokers in Norway
Delving into the realm of financial markets and international currency trading, our focus turns to…
Forex Brokers in Portugal
In Portugal, the world of forex trading has seen a steady rise in popularity, attracting…