List of Broker with AFM Regulation
Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.
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If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
What are some of the best offshore trading regulations?
Here are some of the best offshore trading regulations which attract forex traders worldwide:
- Tax Benefits: By offshore forex trading, a trader can be exempt from paying taxes in their country of residence.
- High Leverage: Offshore brokers are not being strictly controlled by their financial authorities. Due to this, they're able to offer riskier leverages up to even 1000:1 in order to attract more clients to invest with them.
- Assets Availability: Most countries have banned quite a few financial assets like cryptocurrency due to how volatile it is. Offshore forex trading is therefore extremely popular as traders don't have to worry about some assets not being available to them for trading.
Continue Reading at Your Simple Guide to Offshore Trading
How is the forex regulation in South Africa?
African countries are forex-friendly, but naturally, there are minor restrictions from the government. Forex brokers must hold a license before running their business in any of these countries. The status of forex trading in these countries is still unclear; it is not yet legalized but not against the law.
The South African Financial Sector Conduct Authority (FSCA), previously known as Financial Services Board (FSB), is one of the most well-known forex regulatory bodies.
Continue Reading at Is Forex Trading Legal in Africa?
Who regulates forex trading in Singapore, and what are the key features?
The Monetary Authority of Singapore (MAS) is the regulatory authority overseeing forex trading in Singapore. Singapore's regulatory framework allows leverage up to 1:500 and covers a wide range of forex pairs and cryptocurrencies.
Continue Reading at Forex Trading in Singapore: 5 Facts You Need to Know
What are the regulations for online forex trading in Nigeria?
When it comes to online trading regulation, the ambiguity of laws in Nigeria contrasts with other African countries that have already implemented regulations. For example, South Africa's Financial Sector Conduct Authority (FSCA) and Kenya's Capital Markets Authority (CMA) have already regulated online forex brokers in their countries. Furthermore, South Africa has even established rules for forex trading taxation.
Continue Reading at Is It Safe to Trade Forex in Nigeria?
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