Best Forex Brokers Cambodia 2022.
For this list, we have searched and tested several forex brokers Cambodia. We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers, to be able to select the best brokers Cambodia that had the best offerings and were the most reliable for forex trading. Afterwards, we placed real trades in each popular market. We also tested the work of the customer support team. It was essential to find out whether they are able to solve the problems that customers face. We handpicked the best forex brokers Cambodia based on our trading data and experience as a trader.
Is Forex Trading Legal in Cambodia?
Cambodia is a country in Southeast Asia that was designated by the United Nations as being “least developed”. The majority of rural households depend on agriculture for their livelihoods, with rice being one such export product.
As to forex trading in the country, forex brokers Cambodia are authorized and regulated by the Securities and Exchange Commission of Cambodia (SECC), read more on Wikipedia. SECC is an organization that regulates the securities industry in order to contribute towards socio-economic development through capital formation.
The SECC promotes the efficient regulation and orderly development of securities markets. It encourages people to save money by buying stocks, bonds or other financial instruments.
For years, Cambodia’s financial sector has been tightly controlled by the government. But in 2016 they began taking steps to make forex trading more accessible and safer for everyday trades. Forex traders in Cambodia have to open an account with a forex broker and place their trades through the online platform.
?Cambodia Regulator Securities and Exchange Commission of Cambodia (SECC) ?Max. Leverage No Max. Leverage ?️Is It safe to trade Yes ?Negative Balance Protection No Negative Balance Protection ?Compensation Scheme No Compensation Scheme.
Best Forex Brokers in Cambodia.
There are international brokers that accept Traders from Cambodia. Trading internationally can be a risky business, so we recommend signing up with only the best and most trustworthy firms. It is important to make sure your money stays safe while trading in other countries. Actually, finding a reliable forex broker Cambodia is not an easy task.
There are not many international brokers available in Cambodia, still we recommend not to trade with offshore brokers as it involves high risks. It is important for traders to do research on the brokers in their jurisdiction. Most offshore and unregulated firms may target inexperienced or unsophisticated clients who have difficulty in finding good brokers. In an attempt to be helpful, we have tested and reviewed a number of forex brokers Cambodia, opened real accounts with them and found data on their offerings.
Here are our top picks for forex brokers Cambodia:
Best Forex Company in Cambodia Overall.
We have picked Interactive Brokers as the best overall forex broker Cambodia.
Interactive Brokers was founded in 1977, Greenwich, USA. It is a well-regulated broker and holds a number of licenses: US SEC & CFTC, ASIC, FCA.
Interactive Brokers offers an abundance of tradable instruments: Stocks, Futures, Forex, CFDs, Warrants, Combinations, Bonds, Mutual Funds, Structured Products, Physical Metals, Inter-Commodity Spreads. Moreover, Interactive Brokers has a range of accounts to meet each client’s needs: Individual, Joint, Trust, IRA and UGMA/UTMAAccounts.
We have picked Interactive Brokers as the best overall forex broker Cambodia as its trading conditions and features are favorable for trading and meet clients needs and expectations. The broker offers excellent customer support to its clients. Its educational section is also great. With the broker you have access to trading tools, investment products, courses, videos, webinars, etc.
Best Forex Trading Platforms for Beginners Cambodia.
We have picked XM as the best forex broker Cambodia for beginners.
XM is a global Forex and CFD broker. The broker was founded in 2009. It is licensed in Australia, the United Kingdom, Cyprus, the UAE and Belize. Among its tradable instruments are Forex, indices, stocks and commodities markets.
With XM traders can choose from an abundance of account types: the XM Micro Account, Standard, XM Zero, XM Ultra-low and Shares accounts, also, Islamic Forex Accounts . XM allows to deposit and withdraw funds using bank wires, credit and debit cards, Western Union, and e-wallets, such as Skrill and Neteller.
We have chosen XM as the best forex broker Cambodia for beginners as it offers great education materials, such as a Tradepedia video course. The videos are of high quality, the instructions are prompt and clear. Also, traders can join XM’s webinars held on a weekly basis in different languages for brokers from around the globe.
Best Apps for Forex Trading in Cambodia.
We have tested and reviewed some of the best forex trading apps that allow Cambodian clients access the market. To be successful in forex trading, it is essential to use a good app that will provide you with all the important tools and resources.
For the purpose of making your trading experience easier and more beneficial, we have chosen the best apps for forex trading Cambodia:
Lowest Spread Broker for Cambodia.
We have picked FBS as the best lowest spread forex broker Cambodia.
FBS is a forex and CFDs broker founded in 2009 based in Belize and Cyprus. The broker holds regulations in Belize, Cyprus, and Australia. It offers trading instruments such as forex, indices, commodities, and stocks, and cryptocurrency CFDs.
Commonly, FBS fees are built into spreads. We have picked FBS as the lowest spread forex broker Cambodia because of its considerably low spreads. Its spreads on forex, indices, and stocks CFDs are lower than the industry average.
For trading platforms FBS offers several options: MetaTrader 4, MetaTrader 5, FBS Trader for mobile. Its MT4 and MT5 trading platforms are good, with all the necessary tools and features.
Cambodia Top Forex Brokers List.
Actually, as we have discovered from our tests, most of the recommended forex brokers do not accept clients from Cambodia. However, we have come up with several trustworthy forex brokers Cambodia. Here is the limited list of the forex brokers Cambodia that are available in the country.
Forex Broker Test Details Broker Review RoboMarkets Deposit Amount: Over €5,000 Total Trade: 12 trades RoboMarkets Review FXTM Deposit Amount: Over €6,000 Total Trade: 12 trades FXTM Review XM Deposit Amount: Over €5,000 Total Trade: 12 trades XM Review FBS Deposit Amount: Over €5,000 Total Trade: 12 trades FBS Review Hot Forex Hot Forex Website Interactive Brokers Interactive Brokers Review HYCM HYCM Website Alpari Alpari Website.
FAQ and More on Forex Trading in Cambodia.
There are many essential questions when it comes to forex brokers Cambodia. With an attempt to be helpful, we picked and answered some of the most important queries related to forex brokers Cambodia.
How to Verify Forex Cambodia Regulated Broker?
As has already been mentioned, forex brokers in Cambodia are overseen by the Securities and Exchange Commission of Cambodia (SECC). When looking for a reputable Cambodia regulated broker, there are a few things you can do to verify their legitimacy. With the right research, you can find a reliable and trustworthy broker that will suit your trading needs.
While choosing a broker, it is important to make sure that the broker is properly regulated and is not an offshore broker. As a matter of fact, only the minority of recommended brokers do not accept Cambodia brokers due to regulations. For conformation, it is advisable to check in the broker’s website to see whether it is available for your country.