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 …
Yes, forex trading is legal and accessible in South Africa. The Financial Sector Conduct Authority (FSCA) regulates all forex brokers operating domestically, ensuring compliance with strict financial standards. Since 2018, the FSCA has replaced the FSB, mandating that brokers maintain client fund segregation and offer investor protection up to ZAR 2 …
Yes, Forex trading is legal in France under strict oversight by the Autorité des Marchés Financiers (AMF). All brokers must be registered with the AMF and listed in the REGAFI database. Retail traders face leverage limits of 1:30 for major currency pairs and 1:20 for minors under ESMA regulations. Platforms must provide negative …
Yes, forex trading is legal in Germany, but you must use brokers regulated by the Federal Financial Supervisory Authority (BaFin). German traders adhere to EU-wide leverage limits under ESMA regulations: retail clients can access up to 1:30 for major currency pairs, while professional traders may qualify for higher ratios (e.g., 1:500) …
Yes, forex trading is legal in the UK, but it must be conducted through platforms authorised by the Financial Conduct Authority (FCA). The FCA mandates leverage limits of 30:1 for major currency pairs and 20:1 for minors, enforcing strict client fund segregation. Non-compliance with these rules could lead to broker license …
Forex trading is not explicitly legal under Afghan law, but no active enforcement prevents residents from accessing international brokers. Afghanistan’s central bank, Da Afghanistan Bank (DAB), banned forex trading in 2019 under Presidential Decree 4968, citing risks of money laundering and capital flight. The Taliban’s 2021 takeover voided many previous …