Web68 rows · What is Forex? Forex is a shortened term used for "FOReign EXchange" WebIs Forex Trading Legal in Cambodia? A must-read Review. View the pros and cons, Key Features, Step by Step Guides, and, much more WebIs forex trading legal in Cambodia? Yes, it is. Which is Cambodia’s most used forex broker? HotForex. Is forex trading a gamble in Cambodia? Forex trading anywhere is Web25/3/ · Best Forex Brokers Cambodia For this list, we have searched and tested several forex brokers Cambodia. We opened real accounts and deposited between WebWe examine and compare Cambodia trading fees, Cambodia minimum deposits, Cambodia tradable financial instruments offer, Cambodia payments methods which suit ... read more
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Keep cookies enabled to enjoy the full site experience. By browsing our site with cookies enabled, you are agreeing to their use. Trading Experience 9. Customer Support 9. Mobile Trading 9. Asset Coverage 9. Fees 9. Security 9. Pros Regulated By ASIC, CySEC and IFSC Foundation Year: Min. Cons No Forex ECN Account. VISIT XM. HotForex Broker. Pros Regulated By CySEC, DFSA, FCA, FSA-SC, FSCA Foundation Year: Min.
Cons Only 56 Shares Are Available. VISIT HOTFOREX. IC Markets Broker. Fees 8. Pros Regulated By ASIC, CySEC and FSA-SC Foundation Year: Min. Cons Beginner Traders May Be Overwhelmed By the Choice Of Markets and Platforms. VISIT IC MARKETS. IQ Option Broker. Customer Support 7. Pros Regulated By CySEC Foundation Year: Min. Cons MetaTrader Or CTrader Platforms Not Offered Not The Highest Leverage On The Market Limited To Certain Jurisdictions.
VISIT IQ OPTION. eToro Broker. Customer Support 8. Mobile Trading 8. Asset Coverage 8. Fees 7. Pros Regulated By ASIC, CySEC, FCA and MiFID Foundation Year: Min. Cons Does Not Have The MetaTrader Platform. VISIT ETORO. Alpari Broker. Pros Regulated By FSC Foundation Year: Min. Cons Non-Existent Research Tools Traders From USA, Canada and Iran Not Welcomed. VISIT ALPARI.
OctaFX Broker. Trading Experience 8. Mobile Trading 7. Cons Limited Commodity Markets, No Individual Stock CFDs. VISIT OCTAFX. Olymp Trade Broker. Cons Limited To Certain Jurisdictions. VISIT OLYMP TRADE. FXTM Broker.
Pros Regulated By CySEC, FCA and FSC Foundation Year: Min. Cons Traders From USA, Canada and Iran Not Welcomed. VISIT FXTM. ExpertOption Broker.
Table of content. With the introduction of new technologies, Forex trading became available in places where it was previously unheard of. Among such places is the Kingdom of Cambodia, where the authorities, despite the relative newness of the market, are already working towards the implementation of an overarching regulatory mechanism. Cambodia occupies the southern portion of the Indochina peninsula. The county occupies a total territory of , square kilometers, and borders Vietnam in the east, Laos in the northeast, and Thailand in the northwest.
The population of Cambodia is estimated at 15 million people, and a large chunk of it consists of more than 33 different ethnic groups and hill tribes. Although the per capita income of Cambodia is significantly lower than that of the neighboring countries, the Cambodian national economy is still considered to be one of the fastest developing economies in the region of Southeast Asia, with the growth averaging 7.
On top of that, we will examine the main regulatory institutions operating in the country, as well as the trading platforms and payment methods that you will be able to access in Cambodia. Finally, we will provide you a complete top Forex brokers list, that you can use to find a brokerage to sign up with. Although overall, the field of Forex trading can be a positive experience especially if you have long been interested in this market , there is one procedure that is usually dreaded by both the beginners and the experienced traders alike — the process of choosing a brokerage to sign up with.
As the market is overflown with the number of brokers offering their services, one might find such a variety a bit overwhelming. Moreover, as the number of Forex brokers is growing, so is the number of scam schemes disguised as legitimate brokerages.
Thus, in order to make sure that you and your money are safe at all times, you should be prepared for hours upon hours of extensive research and careful fact-checking. Knowing just how complex and stressful this process can be, we have decided to extend a helping hand, and examine the options at the Cambodian market ourselves.
Our team of experts researched the Forex trading brokers in Cambodia and came up with a complete list of only the best of the best, which you can find below. Our rating. User rating. XM Group. IQ Option. According to the recent estimates, the GDP of Cambodia only reaches 26, billion USD, and a GDP per capita of 4, USD. One can, therefore, see that despite the fact that the country still has a long way to go until the national economy is stabilized completely, its current state is already quite promising.
On top of that, the variety of commodities in this country means that by trading with the best Cambodian Forex brokers you can keep your trading profile sufficiently diverse. The national currency of Cambodia is the Cambodian riel, coded as KHR.
The KHR is actively used in the rural areas of the country, but the USD is also quite popular in Cambodia. However, the currency is not very popular with the Forex traders, both within and outside of the country. The main reason behind this is the fact that the Cambodian riel is falling into the Exotic currency category, which means that it is more subjected to volatility and higher risks.
Professional traders often recommend that the beginners should stay away from the Exotic currency pairs, and resort to trading Major currency pairs instead. The KHR is usually traded in a pair with the USD. If you are confident in your trading skills and wish to try yourself in trading KHR, we recommend that you look for the best Forex broker in Cambodia that accepts payments in this currency. This way you will be able to avoid losing money on high commission fees and exchange rates.
The regulatory mechanisms over the local Forex market have only been introduced in Until then, the field of Forex trading in Cambodia was simply not regulated at all. As of right now, the main regulatory functions, as well as the licensing of the Cambodian brokers are performed by the Securities Exchange Commission of Cambodia SECC.
There two main criteria that the Cambodian Forex brokers in have to meet in order to be eligible for the SECC license. Moreover, a brokerage has to maintain a minimum operational capital of , USD at all times, and provide proof of it whenever the SECC deems necessary.
The latter measure is often implemented by some of the most reputable brokerages across the world. The reasoning behind it is quite simple — it is not safe for a trader to sign up with a brokerage that operates on the verge of bankruptcy, and have their funds under threat of being frozen or lost completely at any moment.
Unlike many other countries in the region, Cambodian authorities have made some steps towards making the local Forex trading market safe for all its participants. Nevertheless, the existing regulations do not guarantee that you will never come across a fraud scheme disguised as a legitimate broker.
There are a few simple steps that you should take in order to ensure the safety of you and your funds in the future. First of all, you should only join one of the regulated Forex brokers in Cambodia.
If a broker possesses a license from a reputable regulatory authority, you can be confident that in case of any misunderstanding or illicit activities against you, the relevant body will step in on your behalf. Many Cambodian traders are wary of joining the interantional brokerages that offer their services in the country. Finally, you shoud also keep in mind that the information that the broker discloses at their webiste is not neessarilu accurate, thus, you should always contact the relevant regulatory authorty directly and make an inquiry about each individual the brokerage that you are interested in joining.
Trading platform is one of the most important components of your future trading success, as it will ultimately define how exposed you are to the various trading assets and how quickly and efficiently will your orders be executed.
Thus, the trading software that a broker uses is definetely something to pay attention to when looking through the list of best Forex brokers in Cambodia. There is a variety of trading software pieces that you can choose from in Cambodia. Some of the most popular onces include cTRader, MetaTrader 4 and MetaTrader 5, but you will also find brokerages that offer a custom-made software available exclusively to their clients. When this trading platform was first introdued by the Russian company called MetaQuotes in , the trading software has soon won over the brokers from all over the world due to its reliability and a user-friendly interface.
There are several reasons why you, as a beginner, can benefit from using MT4 or MT5 trading platforms. First of all, this software is used by almost every other broker, which means that even if you decide to switch to another brokerage, you will probably be able to avoid learning to use a new trading platform from the scratch.
Secondly, this platform is quite easy to navigate and you will be able to master it in no time. Finally, the large community of MetaTrader users means that you will always have an access to the educational material and tips on how to make the most out of this best trading platform in Cambodia. Earning a profit from you trading sessions is one thing, but holding on it is something completely different.
This is why it is so important to figure out the best way to make a deposit and withdraw your funds and avoid financial losses over the additional commission fees. In Cambodia, cash is still very popular for the every day transations. Morover, there is a large number of local online payment solutions that you will able to use if you join one of the brokerages based in Cambodia.
You should, however, keep in mind that local payment methods are not usually accepted by the top Forex brokers in Cambodia, that are based elsewhere in the world. If you are still unsure of whether or not you should join the field of Forex trading , it is recommended that you have a closer look at the main advantages and disadvantages of trading Forex in Cambodia.
Forex trading is risky financial enterprise, and you should make sure that you are fully informed before you make the final decision of whether or not you should do it.
As mentioned earlier, Forex trading in Cambodia is still relatively new, however, local authorities are aleady doing everything in their power to facilitate the further growth of the Cambodian Forex market. The existing regulatory measures are already aimed at making the field of Forex trading as safe as possible for all the parties involved. Nevertheless, you should also remember that the Cambodian Forex market is not yet completely safe.
If you are are currently based in Cambodia and have long been interested in building a career as a Forex trader, we recommend that you do so, but approach the market with extra care to make sure that you and your funds are safe at all times. Check our help guide for more info. iFOREX: The CFD Trading Platform for All Experience Levels. Top Forex Brokers Staff. June 26, Sign Up Read Review. GET YOUR BONUS. Please share your location to continue. Important news. iFOREX: The CFD Trading Platform for All Experience Levels Top Forex Brokers Staff June 26, Quick Links No Deposit Bonus Start without deposit EagleFX review XM 30 USD No Deposit Bonus No Deposit Bonuses TradeMarkets Review.
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Web25/3/ · Best Forex Brokers Cambodia For this list, we have searched and tested several forex brokers Cambodia. We opened real accounts and deposited between WebIs forex trading legal in Cambodia? Yes, it is. Which is Cambodia’s most used forex broker? HotForex. Is forex trading a gamble in Cambodia? Forex trading anywhere is WebOpen a Demo Account at GKFX (Cambodia), and experience financial trading within a secure environment. GKFX (Cambodia) is pleased to offer one of the most regarded WebWe examine and compare Cambodia trading fees, Cambodia minimum deposits, Cambodia tradable financial instruments offer, Cambodia payments methods which suit Web16/11/ · Trading in Forex is allowed in Cambodia as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing Web68 rows · What is Forex? Forex is a shortened term used for "FOReign EXchange" ... read more
Nadex 7. Until the late s, Cambodia used to reexport goods like motor vehicles, gold, and electronics. Best Alternative Investment Platforms. JP Markets is regulated by the top-tier Financial Services Board, Based. Bitcoin Trading Bitcoin Trading Tips and Strategies Bitcoin Mining Bitcoin Forex Brokers Quotes from Bitcoin Believers Bitcoin Halving Bitcoin Brokers Best Bitcoin Trading Apps Bitcoin Trading Bots Cloud Mining.Axitrader can accommodate various levels of traders and offers the MT4 forex trading platform plus mobile apps for Android and iOSrespectively. Olymp Trade Broker 8. We handpicked the best forex brokers Cambodia based on our trading data and experience as a trader. Most brokers offer all asset types, while some offer a selected range asset type, trading forex cambodia. Best Forex Brokers Best Stock Brokers Trading forex cambodia Cryptocurrency Brokers Best CFD Brokers Best ETF Brokers Compare Brokers Best Oil Brokers Best Gold Brokers Best Commodity Brokers Menu.