Yes, you can legally trade forex in Tanzania through licensed brokers regulated by the Capital Markets and Securities Authority (CMSA). The CMSA oversees all financial markets, ensuring compliance with the Capital Markets and Securities Act of 1994. Brokers must hold a valid license (Type 1 or Type 2) and adhere to …
Forex trading is legal in Nigeria under the oversight of the Securities and Exchange Commission (SEC). Since 2018, the SEC has regulated all forex brokers and platforms, replacing the Central Bank of Nigeria’s earlier role. Brokers must hold SEC licenses to operate legally; traders should verify registration status via the …
Forex trading is legal in Pakistan only through authorized institutions regulated by the State Bank of Pakistan (SBP). The SBP governs all foreign exchange transactions under the Foreign Exchange Regulation Act 1947 and the Financial Institutions (Recovery of Finances) Act 2001. Unlicensed individuals or platforms offering forex services violate these laws, …
Forex trading is legal in Indonesia only when conducted through brokers licensed by Bappebti. The Commodity Futures Trading Regulatory Agency (Bappebti) oversees all derivative transactions, including forex, under Law No. 10 of 2011. Unauthorized platforms or unregistered brokers violate Indonesian law, exposing traders to fines, account closures, or legal action. Bappebti …
Forex trading is legal in the U.S. under strict regulatory oversight. The Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) govern all retail forex activities. Brokers must hold CFTC registration, maintain $20 million in adjusted net capital, and adhere to NFA compliance rules, including transparency in pricing and client …
Forex trading by individuals remains heavily restricted under Chinese law. The People’s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE) strictly regulate all currency transactions, permitting only state-approved banks and financial institutions to engage in forex activities. Retail investors are prohibited from trading foreign exchange through offshore or unauthorized platforms, with …
Forex trading in India is legal but strictly regulated. The Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) permit currency trading only through authorized dealers and platforms. Individuals cannot trade forex pairs involving the Indian rupee (INR) on international markets, per the Foreign Exchange Management Act …
Forex trading is prohibited for individual investors in Iraq. The Central Bank of Iraq (CBI) regulates all financial activities, and under Resolution 112 of 2016, only licensed banks and financial institutions may engage in currency exchange or trading. Retail forex trading via online platforms is not explicitly addressed in Iraqi law …
Forex trading is legal in South Korea but operates under strict regulatory oversight. The Financial Services Commission (FSC) mandates that only licensed domestic brokers can offer leveraged currency trading to residents. Offshore brokers are prohibited from targeting South Korean clients, and accessing international platforms via VPNs violates local laws. Retail …
Forex trading remains illegal in Sudan under the country’s current regulatory framework. The Central Bank of Sudan prohibits all forms of currency speculation and unlicensed foreign exchange transactions, citing adherence to Islamic finance principles and efforts to stabilize the national economy. Violations can result in fines, asset seizures, or criminal charges under …