Yes, Colombian residents can legally trade forex through brokers authorized by the Superintendencia Financiera de Colombia (SFC). The SFC regulates all financial markets, including forex, and enforces strict compliance with anti-money laundering (AML) and capital adequacy requirements. Brokers must hold a valid SFC license or operate under international regulators recognized by …
Forex trading is not illegal in Morocco, but it operates under strict regulations set by the Bank Al-Maghrib (BAM), the country’s central bank. Moroccan residents can trade forex legally only through authorized intermediaries, such as domestic banks or international brokers licensed by BAM. Platforms operating without BAM approval risk penalties, and traders using unregulated …
Forex trading is legal in Uzbekistan through licensed brokers regulated by the Central Bank (CBU). Since 2023, the CBU enforces strict licensing requirements for brokers, including audits and minimum capital reserves of UZS 10 billion. Traders must verify a broker’s CBU registration on the official registry to avoid penalties. The CBU …
Yes, forex trading is legal in Uganda and regulated under the Capital Markets Authority (CMA). The CMA oversees all financial market activities, including spot forex and derivatives. Brokers must obtain a Category 1 Investment Advisor license to operate legally. Since 2020, Uganda’s government has formalized oversight of retail forex trading to curb fraud, …
Forex trading is legal in Poland under strict regulatory oversight. The Polish Financial Supervision Authority (KNF) authorizes and monitors brokers, enforcing compliance with EU MiFID II standards. Retail traders can access leveraged forex products, but EU-mandated restrictions cap leverage at 1:30 for major currency pairs. Brokers operating in Poland must hold …
Forex trading is legal in Canada, regulated by the Investment Industry Regulatory Organization of Canada (IIROC). All brokers operating in Canada must register with IIROC and comply with strict financial standards. Unregistered offshore platforms are prohibited from offering services to Canadian residents, regardless of their global reputation. IIROC enforces a …
Forex trading is legal in Argentina under the supervision of the Comisión Nacional de Valores (CNV). The CNV regulates all financial markets, including foreign exchange, and requires brokers to obtain authorization before offering services to residents. Local traders must verify a broker’s CNV registration to avoid unregulated platforms. Argentine residents face …
Forex trading is legal in Spain but requires compliance with regulations set by the Comisión Nacional del Mercado de Valores (CNMV) and European Union frameworks. Spanish traders must use brokers authorized by the CNMV or registered with EU authorities like CySEC. Unregulated platforms are prohibited, and violating this can lead to fines or …
Forex trading by individuals remains illegal in Myanmar under current regulations. The Central Bank of Myanmar (CBM) strictly controls foreign exchange transactions, permitting only authorized banks and licensed money changers to operate. Violations can lead to penalties, including fines or imprisonment. Myanmar’s Foreign Exchange Management Law (2012) explicitly prohibits residents from …
Yes, retail and institutional investors in Italy can legally trade forex, provided they use brokers authorized by the Commissione Nazionale per le Società e la Borsa (CONSOB). Italian regulators enforce strict compliance with EU financial directives, including MiFID II, ensuring trader protection and market transparency. Brokers must hold authorization from CONSOB …