What does it mean if a company is authorised by the Financial Supervisory Authority (Finansinspektionen)?
If your broker is regulated by the Financial Supervisory Authority of Sweden (FI), it means that it carries one of the many licenses available from the FI and its operations fall under the direct regulatory supervision of Sweden’s official regulatory body. Many brokers in the EU are able to passport into Sweden under the Markets in Financial Instruments Directive (MiFID) to provide cross-border services. That said, it is always a good idea to choose a broker that is regulated locally in your country of residence. There are a number of forex brokers that hold regulatory status directly with the FI (as well as MiFID passports), making them an excellent choice if you are a resident of Sweden. securityWhy regulation is important Choosing a reputable, well-regulated forex broker is a crucial step towards avoiding forex scams. My educational series dedicated to forex scams shows you how to identify common forex scams and provides helpful information about what to do if you've been scammed. I also explain how crypto enthusiasts and bitcoin traders can spot common crypto scams.