The Evidence of Social Responsibility in Foreign Exchange Brokers’ Activities

The purpose of this article is to analyze the evidence of social responsibility among the foreign exchange brokers’ activities. Since socially responsible activities are becoming more and more common in nowadays world, most of the studies in the field focus on social responsibility of financial institutions, whilst there are few studies covering the activities of foreign exchange brokers. While trading in foreign exchange market is becoming more and more popular for retail investors, there is a reason to assess the social responsibility of foreign exchange brokers. In the article, after performing the analysis of previous studies regarding social responsibility in the financial sector, the evidence of social responsibility among foreign exchange brokers is analyzed. For this research the activities presented in the websites of the most popular Lithuanian Forex brokers were compared to the information provided by the largest foreign exchange brokers. It is showed that the largest brokers involve themselves into socially responsible activities more than the popular ones operating in Lithuania.