ZFX山海证券：关于外汇牌照那些事儿，你知道吗？

Core Viewpoint - The article discusses the importance of forex licenses as a primary indicator of the legitimacy of forex brokers, categorizing them into three tiers based on their regulatory strength [1]. Group 1: Tier 1 Licenses - The first tier includes the UK FCA license, which is characterized by a comprehensive regulatory framework and allows a maximum leverage of 50 times [3]. - The FCA provides investor protection through the Financial Services Compensation Scheme (FSCS), offering compensation up to £50,000 [3]. - ZFX, a leading forex platform, is regulated by the FCA, ensuring that client funds are kept in separate bank accounts, thus safeguarding them from company debts [5]. Group 2: Tier 2 Licenses - The second tier includes the Cyprus CySEC license, which requires retail forex brokers to obtain a Cyprus Investment Firm (CIF) license, allowing operations across all EU countries under the MIFID directive [14]. - The Australian ASIC license is also part of this tier, where licensed brokers must have professional indemnity insurance provided by Lloyd's of London, and disputes are managed by the Australian Financial Complaints Authority (AFCA) with a higher claim limit of AUD 1 million [12][10]. Group 3: Tier 3 Licenses - The third tier includes the Vanuatu VFSC license, which is issued by the Vanuatu Financial Services Commission, allowing financial institutions to operate under its regulation [18]. - Vanuatu is recognized as one of the few offshore financial hubs, receiving significant government support for its financial sector [18].