- Regulation Status:
- FORFX is not subject to conventional financial regulations because it does not handle client funds or trade on behalf of the public.
- Operational Framework:
- As a proprietary trading firm, FORFX does not provide direct financial services to users, and users' capital is not part of FORFX's assets.
- This is a common scenario for prop firms globally, which typically are not regulated in the same way as financial service providers.
- Brokerage Services:
- FORFX provides its services through the regulated broker Opofinance and adheres to the rules and regulations of this brokerage.
This structure allows FORFX to offer its unique trading challenges and opportunities while ensuring compliance through its partnership with a regulated broker.