Skilling is indeed a regulated entity in the realm of forex trading. It is a Scandinavian broker that was established in 2016. Initially, the company operated in the regional market, offering classic CFD trading services. Today, it has grown into a relatively large European broker. Skilling is registered in Cyprus and is licensed by several regulatory authorities. These include the Cyprus Securities and Exchange Commission (CySEC 357/18), the UK’s Financial Conduct Authority (FCA 810951), and the Seychelles’ Financial Services Authority (FSA SD042). The broker positions itself as a fintech platform, developing software and technologies for both novice and professional traders. It offers a variety of trading instruments, including currency pairs, stock CFDs, indices, commodities, and cryptocurrencies. Regulation in the forex market is crucial to protect traders from undisclosed financial risk and fraud. Regulatory bodies set standards that all brokers under their jurisdiction must comply with. These standards include being registered and licensed with the regulatory body, undergoing regular audits, and communicating certain changes of service to their clients. There is no central regulatory body in charge of global forex regulations. Instead, regulatory bodies are set up at local levels across the world. Each of these local regulatory bodies functions under the laws governing their respective jurisdictions. In conclusion, Skilling is a regulated broker in the forex market, supervised by several regulatory authorities. This regulation provides a level of protection for traders, ensuring that Skilling adheres to the standards set by these authorities.