List of Broker with FKTK 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.
How's the forex regulation in Kenya?
The Capital Markets Authority (CMA) is the financial regulatory body in Kenya. Although the CMA was established in 1989, it was not until 2016 that the government granted the CMA the power to monitor forex trading. Before this, the market was full of scams committed by unregulated brokers. Today, thanks to the Financial Act of 2016, forex trading is more secure and transparent in Kenya.
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 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
What are the forex regulaors in UAE?
Official regulators in the UAE are as follows:
- The Dubai Financial Services Authority (DFSA)
- The Abu Dhabi Global Market (ADGM)
- The Securities Commission Authority (SCA)
- Central Bank of the United Arab Emirates (CBUAE)
It is important to understand that the UAE is divided into two financial areas, namely the Mainland and Free Zones. Brokers who operate in the Mainland are regulated by the SCA or CBUAE. Meanwhile, DFSA and ADGM regulate brokers in the Free Zones, which are designated to encourage foreign investments and allow foreign-owned companies to be located.
Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)
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