Yes, forex trading is legal in Thailand through brokers regulated by the Securities and Exchange Commission (Thai SEC). The Thai SEC caps leverage at 1:50 for major currency pairs and 1:20 for minors, with mandatory negative balance protection. Only firms licensed under the Derivatives Act 2003 can offer forex services–foreign …
Yes, forex trading is legal in Turkey under strict regulation by the Capital Markets Board (CMB). The CMB requires all brokers operating domestically to obtain authorization and comply with leverage caps of 10:1 for individual traders, enforced since 2021 to mitigate risk. Unregistered platforms face penalties, including fines of up to …
Forex trading is legally permitted in the Democratic Republic of the Congo (DRC), but strict regulatory oversight applies. The Central Bank of the Congo (BCC) governs all foreign exchange activities, requiring brokers to obtain licensing. Traders must verify a broker’s BCC registration before opening accounts. The Congolese franc (CDF) remains the …
Forex trading is legal in Kenya under the Capital Markets Act, regulated by the Capital Markets Authority (CMA). Established in 1989, the CMA oversees all forex brokers operating within the country, requiring them to obtain a license and maintain a minimum capital reserve of KES 50 million. Retail traders can …
Forex trading is legal in Mexico under strict regulatory oversight. The National Banking and Securities Commission (CNBV) and the Bank of Mexico govern financial markets, including foreign exchange. Brokers must obtain authorization from these institutions to operate legally. Verify a broker’s registration status on the CNBV’s official registry before opening an account. Mexico’s Financial Technology …
Forex trading for Iranian residents is technically illegal under current Iranian law. The Central Bank of Iran (CBI) prohibits individuals from engaging in foreign exchange transactions outside officially regulated channels, which are limited to banks and licensed institutions. Violations can result in fines, asset freezes, or imprisonment under Article 11 …
Forex trading through international brokers is illegal for residents of Vietnam. The State Bank of Vietnam (SBV) strictly prohibits individuals and organizations from participating in offshore forex markets. Only licensed domestic banks and financial institutions can offer currency exchange services, per Decree 88/2019/ND-CP. Violations carry fines of VND 150–200 million ($6,000–8,000) …
Yes, forex trading is legal in Egypt, regulated by the Egyptian Financial Regulatory Authority (FRA) since 2018. All brokers operating locally must hold FRA licenses, ensuring compliance with strict capital adequacy and risk management standards. Platforms like Exness, XM, and FxPro are popular choices due to their FRA registration and …
Forex trading through international brokers is illegal for individual residents in Ethiopia. The National Bank of Ethiopia (NBE) prohibits citizens from engaging in foreign exchange markets outside its authorized channels. Directive FXD/49/2021 explicitly bans trading platforms not licensed by the NBE, restricting forex transactions to approved banks and authorized institutions. Ethiopia’s …
Forex trading is prohibited for Algerian residents under national law. The Bank of Algeria, the country’s central financial authority, reinforced this stance through revised foreign exchange regulations in 2021. Article 113 of the 2021 Finance Law explicitly bans individuals and entities from engaging in speculative currency trading outside authorized banking channels. …