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In Austria the financial markets are supervised by three institutions – the Federal Ministry of Finance (BMF), the Oesterreichische Nationalbank (OeNB), which monitors the stability of the financial market as a whole and is responsible for the supervision of payment and settlement systems, as well as being involved in banking supervision, and the Financial Market Authority (FMA), which monitors and controls the individual financial institutions and market players.
All three institutions work in close cooperation and together form the Austrian system for the supervision of the financial market. It is FMA, however, that along its function to supervise all banks, insurance companies, pension funds, corporate provision funds, investment firms and investment services providers, investment funds, financial conglomerates and stock exchange companies, is also responsible for all forex and CFD brokers in the country.
And as FMA also monitors the compliance of all market players with the legal requirements, fairness and transparency in relation to trading both stock-exchange listed securities and retail offered CFDs, the Authority is also responsible for the compliance with the European Securities and Markets Authority (ESMA) regulations regarding the retail forex trade. That include the new leverage limit of 30:1 for all forex transactions, the requirement to provide a negative balance protection, as well as the minimum operational capital requirement of at least 730 000 EUR for all forex and CFD brokers.
As for the popular payment methods in Austria, this is one of the places where you can pay with SOFORT, Klarna, Paypal, QuickPay, Paymill, Neteller and Skrill and all major credit cards like VISA and MasterCard.
Austrian forex brokers news
Unregulated Forex brokerage AdunoCapital has been blacklisted by the The Austrian Financial Market Authority (FMA). The country’s main financial regulatory suspects them
Unregulated Forex brokerages EZCryptoplace and TradeToro have been blacklisted by the The Austrian Financial Market Authority (FMA). The country’s main financial regulatory
A successful operation of the low enforcement authorities in Austria, Germany, the Czech Republic and Bulgaria has led to the arrests of