Cambodia is a small Southeast Asian nation famous for its rich culture and food. This is one of the most famous tourist destinations, especially amongst youngsters because it does not put a huge burden on the pocket. 

Cambodia has a small but flourishing economy. If you are planning to trade here, there are a few things that you must keep in mind.

Before you begin trading in Cambodia, you need to know about the options that will be available to you. 

You can go ahead with trading in stocks, Forex, Indices and ETFs, cryptocurrencies, CFDs, and other commodities. Irrespective of what you choose, you will need a broker in Cambodia to assist you.

Top Broker in Combodia is Hotforex, a broker which has more than 2 million traders.

Advantages of Trading in Cambodia

The Cambodian economy is still in its formative stage. Its population is also increasing which means that there will be a growing demand in terms of infrastructure and food. A growing consumer base always leads to increased business and financial opportunities. The young generation of this Southeast Asian nation is adept in technology. Investors can easily find educated and skilled professionals here.

Disadvantages of Trading in Cambodia

One of the main concerns of trading in Cambodia is that offline trades are not seriously regulated. Thailand and Cambodia share notorious trade links where most of the import and exports are not recorded. Unrecorded trades adversely affect the economy of any nation.

Along with this, there is always the threat of getting conned by fake brokers. Cambodia has also digitized its trade which means that unregulated brokers in Cambodia can easily defraud an investor who isn’t mindful. Keep yourself updated and do thorough research before finalizing anything. Ask your shortlisted brokers if you could open a demo account with them. Regulated brokers will never hesitate in offering you a demo account. If someone is being dubious, this could be your clue.

Forex Trading in Cambodia

Forex trading is gaining popularity all over the world, including Cambodia. It has seen tremendous growth in the last five years. Advancement in technology and better internet coverage are other contributing factors that have made Forex trading cheaper and more accessible. Now you can trade in Forex with just an internet-enabled device.

Even though Forex trading has become more popular than stocks and futures, some countries have put a lot of restrictions on it. Countries like Saudi Arabia, Pakistan, India, Canada, Belarus, China, South Korea, and Turkey, only allow forex trading through licensed domestic brokers.

Fortunately, such is not the case with Cambodia. Forex trading is not restricted here. You can go ahead with a local broker in Cambodia or with international brokers as well. The final call is of the investor. Forex trading in Cambodia is very active and liberal.

Currency exchange plays an important role in businesses as well. If you want to take advantage of this freedom, find yourself a broker in Cambodia who is regulated and has a clear track record. If your broker is reliable then you only need to focus on your strategy. Therefore, finding a trusted and established Forex broker in Cambodia should be your first priority.

Pay Taxes for Forex Trading in Cambodia

Whether you are a citizen of Cambodia or not, you are required to pay taxes to the government you are using their platform for your personal income. Understanding the taxation system is in itself a taxing task. It becomes more complicated when you have to go through the tax policies of a different nation.

If you are not a native, we would advise you to discuss with your broker and find a professional for the tax. You need to file for taxes irrespective of whether you have made more profits or more losses. It needs to be done for every financial year.

You must file your taxes at the right authority. If you have decided o hire someone, they will take care of it. There are no additional restrictions on trade for Islamic accounts.

Trade of Cryptocurrency in Cambodia

Cambodia is lenient with cryptocurrency trade as compared to other Asian countries like India where cryptocurrency like Bitcoins has been completely banned. Yes, cryptocurrency trade is a relatively new concept in Cambodia but its young generation is embracing it quite well. With the advent of technology and better internet coverage, this trade is gaining popularity. If stats are to be believed, around $6 billion USD worth of Bitcoins are traded every day around the world.

Cryptocurrencies work on decentralized assets. This means that they are not affected by government policies or the rate of interest charged in a country. Thus, if at all there is political or economical stability in Cambodia, it will not have a ricocheting effect on the Cryptocurrency trade. 

Commodity Trading in Cambodia

Until the late 1990s, Cambodia used to reexport goods like motor vehicles, gold, and electronics. It was also famous for its Sawn timber, rubber, and logs. These are the things of the past but Cambodia still has a positive trade balance.

This is due to the growing demand of its fellow Asian countries like China and India. These countries are expanding rapidly and need precious metals and food for their infrastructure and to feed the population. Cambodia trades precious metals for machinery and food to these countries and keeps the exports high.

Islamic Accounts in Cambodia

Islamic accounts, also referred to as swap-free accounts, are supported by brokers in Cambodia. They lay no rollover interest on overnight positions on these accounts, respecting the Muslim faith. Islam forbids paying interest. Therefore, Cambodian brokers only offer suitable accounts to Muslims to comply with the Sharia law.

Questions to Ask Before Hiring a Broker in Cambodia?

One can never be too cautious when it comes to choosing a broker, especially when it is an overseas broker. If you are unsure about the broker that you have shortlisted, then, ask them the following questions to overcome any doubts:

Q1. What is their history?

Trading is not a new thing and if you are new to it, teaming up with a novice broker will be a horrible idea. You should look for more established brokers like eToro and IC Markets. They have been around for more than 10 years. If you think that they are not the right fit for you, look for a broker with a proven track record of atleast two years. Anything less than that will not be an ideal situation.

Q2. Which commodities are they trading?

Not every broker deals in stocks, futures, Forex, CFDs, Indices, and other commodities. Ask them about their expertise. If you are planning to venture out into trading other commodities, look for a versatile broker. 

Q3. What is their reputation worldwide?

A broker with a worldwide reputation is always a better option. When it comes to choosing a broker, it is the reputation that proceeds. If the broker has offices in various parts of the world, it makes dealings smoother and easier. It also gives you the opportunity to trade beyond your current geographical preference in the future.

Q4. How established is there customer support?

The first thing that you need to do is to check if your broker is eligible for hiring people in different parts of the world. If he can, there are higher chances that you will get better customer support. Brokers and investors often live in different time zones and speak different languages. If your broker has a good customer support system, you can expect easy dealings with them.

Q5. Are they regulated?

If your broker is not regulated, simply don’t proceed with them. No matter how many great reviews they have received or the years that they have spent in this industry, if they are not regulated, no government will be able to help you in case of a dispute. They can defraud you if it serves the purpose and you will be left with nothing at all.

Q6. How will they manage your funds?

Established and professional brokers always keep your funds separate from their deposits. If you are unsure, ask them before giving them even a penny. Brokers should not have easy access to your money as they can exploit your deposit in case of bankruptcy.

Q7. What will be their commission or fees?

Your broker will not work for free! Now the question is, how much will their fees or commission. This can be a thing of a dispute later on if not settled in advance. Be transparent with your broker about it before you start dealing with them.

Our Comparative Table for Your Guidance

We have prepared a comprehensive table of the leading brokers in Combodia for your understanding. You can see where each broker stands:

Forex broker Review	Visit	Promotions
Hotforex	Hotforex
Instaforex	Instaforex
FxPro	FxPro
Avatrade	Avatrade
Dukascopy	Dukascopy
Exness Reivew	Exness	Exness
XM.com	XM.com

Kuwait, famously one of the fastest-growing economies, has the strongest currency in the world – the Kuwaiti Dinar. This country offers beautiful sand dunes and a modern cityscape. While religion is an integral part of Kuwait, this is one of the most liberal countries around the Persian Gulf area. 

The Kuwaiti modern financial market was established in 1991 post the Iraqi invasion. It offers a secure and safe environment for trading Forex, stocks, and other commodities. This Middle Eastern country is strategically located, with Iraq and Saudi Arabia on its borders. The Central Bank of Kuwait (CBK) controls the trading markets. It imposes strict laws of its brokers to ensure the safety of the investors.

Kuwait is a member of the Gulf Cooperation Council. Its main stock exchange is Boursa Kuwait which was earlier known as the Kuwait Stock Exchange (KSE). CBK regulates all the brokers and the trade is majorly done in the home currency, the Kuwaiti Dinar.

You must always familiarize yourself with the trading options that are offered by the brokers of a country. In Kuwait, you have a number of options, ranging from Indices and ETFs, Forex, CFDs, cryptocurrencies, and commodity markets. You can discuss this with your broker in detail to find out your best match.

Top forex brokers in Kuwaiti are Hotforex and Avatrade.

Trading with Kuwaiti Dinar Brokers

There is a general perception that Kuwaiti brokers only work with native investors but such is not the case. They work with Kuwaiti brokers as well. While the country offers some of the best trading brokerages in the Middle East, there are certain guidelines that you will be expected to follow while trading in Kuwaiti assets.

Before you set up a trading account, you need to find Kuwaiti Dinar Brokers who are licensed and are directly regulated by the CBK. the next thing would be to safeguard your funds. Make sure that your broker keeps your funds in a separate account and his access to that money is limited. This will keep your broker from your money in case he goes bankrupt. 

Look for Kuwaiti Dinar brokers who allow you to open a demo account with them. Open multiple accounts with multiple brokers. This practice will help you in getting practical knowledge of how different trading platforms work and you will gain experience without using real money.

There are numerous trading platforms that are offered by Kuwaiti brokers to their online clients. For example AXi and MT4. You can also talk to them about mobile trading apps that could be used in trading Forex, CFD, stocks, and other commodities.

Advantages of Trading in Kuwait

Kuwait is not a huge country. The majority of its population include includes and professionals on a work visa. It stands on the 7th place in terms of paying taxes and holds 69th rank in registering property, as per the reports issued by the World Bank. 

The Middle Eastern country has an on-going large electricity generation project. The government is also focusing on developing a new airport, some major roadways, and a new metro system. For this, they are importing transportation equipment in large numbers from countries like the USA. Most of the funding is allocated to defense projects and securities.

Economic studies have shown us that high imports often lead to depreciation of a currency as the country starts losing their assets. Such is not the case with Kuwait. Despite such high imports, the Kuwaiti economy is flourishing for one main reason – the export of petroleum. This has been enough to keep the Kuwaiti Dinar as the strongest currency in the world. Another reason for the growth of the economy is the growing population. The growth of the population is creating business opportunities for many companies.

Disadvantages of Trading in Kuwait

For the last two decades, it is the export of petroleum that has been keeping the trade balance intact. 95% of their export is of oil. If the country stops exporting petroleum, it will end up with a negative balance of trade. This means that any disturbance in the Middle East can greatly affect the import and export balance of Kuwait. Also, if there is a significant fall in the prices of oil, the country’s economy will take a set-back.

While the Kuwaiti economy is strong, it is not very welcoming. According to the World Bank, the country ranks 159 in ease of doing business, 133 in obtaining credit, and 134 in trading across borders. It is not easy to get electricity for business here as compared to other Middle Eastern countries. It could be said that Kuwait has a somewhat closed economy.

Another universal trading problem that exists in Kuwait as well is of defrauding. Due to the digitization of financial trading, it has become easier for fake brokers to dupe the investors. So, before you finalize any broker, make sure that they pass the checklist for brokers that we have shared below.

The Verdict on Kuwaiti Dinar Brokers

Regulated Kuwaiti Dinar brokers strictly abide by the guidelines issued by the Central bank of Kuwait. Thus, creating a safe financial market. The country has been growing steadily because of a positive trade balance. 

The government has realized that the downfall in the prices of petrol can adversely affect the growth of the economy. Therefore, they have undertaken various development projects. These major projects will keep the Kuwaiti economy afloat should there be a decline in the price of petroleum or disturbances in the Middle East.

Forex Trading in Kuwait

Let’s begin with answering the most frequently asked question – is Forex trading legal in Kuwait? 

Yes, Forex trading is legal in Kuwait. This concern haunts many traders because countries with Sharia law, like Pakistan, often make Forex trading illegal. Such is not the case with Kuwait. In fact, it is a very active market in Kuwait. Forex is used in import and export and has become an integral part of the economy. Kuwait also invests internationally. 

Forex trading has been on a steady rise in Kuwait for the past five years. There has been a stable growth in technology and network coverage in Kuwait. Both factors have a positive effect on the growth of Forex trading. 

All you need to do is to be careful in selecting a Kuwaiti Dinar broker. If you move ahead with a regulated broker, all you would need is a good strategy to further your profits.

Paying Taxes on Forex Trading in Kuwait

Understand the taxation system of the country where you are planning to trade should be an integral part of your business strategy. If you are making certain profits in a financial year, you are expected to pay the taxes to the Kuwaiti government. You must file your taxes irrespective of the percentage of profits or losses that you have encountered during a financial year. 

Understanding the taxation system of a different country can be a cumbersome task. If you feel that you need some assistance, do not hesitate to hire an expert who can ensure that your taxes will be filled at the right government agencies. You are also eligible for claiming trade losses against personal income taxes in Kuwait. Your expert will guide you through it. Kuwait does not impose additional restrictions on Islamic accounts.

Kuwait and Cryptocurrency Trade

The cryptocurrency market is fairly new in Kuwait. While many major economies have banned the trade of virtual currencies like Bitcoins, Kuwait is moving forward with it. You can open an account and sign up for a secure wallet and take things further after that.

As the young generation is warming up to technology, there has been a significant increase in cryptocurrency trade in Kuwait. It is expected to rise more in the coming years.

Commodity Trading in Kuwait

Countries like China and India are growing rapidly in terms of infrastructure and population. This means that there will be demand for petrol, metals, food. Kuwait can tap on this demand for its advantage and expand its business.

Checklist for Finding the Ideal Kuwaiti Dinar Broker

There are numerous things that you need to keep in mind while selecting a broker. Irrespective of how perfect your trade strategy is, if your broker is not right, all will be in vain. So, before you finalize a Kuwaiti Dinar broker, ask them the following question:

Q1. When were they established?

Ideally, your broker must have a minimum trade history of at least two years. This is the minimum requisite. If they fail to show proof of this, you should move to a different broker. There are brokers who have been offering their services in Kuwait for more than ten years, like Hotforex and Avatrade. They are the most trusted brokers in the field. If you feel uncomfortable with a new broker, you can always collaborate with these two.

Q2. What is their global standing?

Everybody investor, whether new or old, wishes to work with industry leaders but established brokers often charge a hefty fee. You don’t have to be only with the best to earn profits. Just make sure that your broker has an international presence and is known otherwise. This will ensure that they are genuine and will keep the option of expanding trade in different countries open.

Q3. How much will they cost you?

You can pay commissions or fees or both to your broker. While most brokers will discuss it with you before signing anything, some might refrain from this question. Be wary as these are some red flags. Always discuss commissions and fees in advance with your Kuwaiti Dinar brokers to avoid sharing a huge chunk of your profits later on.

Q4. How good is their customer support?

If you think that your broker will make you their priority and pick up your call at the first ring then you are mistaken. Yes, they will treat you justly but you need to understand that you will not be their only client. So what will you do when there is an emergency and it is the middle of the night in their country? Here, customer care will come to your rescue. You will also need customer care support to overcome any language barrier. So, don’t forget to ask your broker about the languages that are offered by their customer support.

Q5. What are their funding and withdrawal methods?

Having easy funding and withdrawal methods not only make trading easier but creates a security blanket for you as well. In case you decide to close a trade or withdraw your deposit, you will not have to wait for months to get hold of your money. Go ahead with a broker who offers withdrawal within 2 to 3 days’ time.

Q6. Who is their regulatory body?

You must bever trade with a broker who is not regulated. Most Kuwaiti Dinar brokers comply with the rules set by the Central bank of Kuwait. You must check their license before making any commitments. If you are replying to international traders like Hotforex and Avatrade, you must check their license and regulatory bodies as well. Both of the above-stated industry leaders are regulated by the Cyprus Commission, Financial Services Authority (FSA), and the Australian Securities and Investment Commission (ASIC).

Our Comprehensive Comparison Table of Kuwaiti Dinar Brokers

First, you should make sure that your trader is licensed and regulated. In addition to that, there are various other factors that make a broker a good choice. We have a comparison table of top brokers keeping the following factors in mind:

1. The minimum deposit required
2. Availability of funding
3. Trading platforms offered
4. Variety of commodities traded
5. Spread type for each brokerage
6. Level of customer support
7. Accounts offered by the brokers (Islamic, Standard, VIP, and Micro)

Forex broker Review	Visit	Promotions
Hotforex	Hotforex
Instaforex	Instaforex
FxPro	FxPro
Avatrade	Avatrade
Dukascopy	Dukascopy
Exness Reivew	Exness	Exness
XM.com	XM.com

Conclusion

Use the above table and educate yourself as much as possible before finalizing your broker. Kuwait offers a safe and secure market but things can move in the opposite direction if you are not with the right broker. Thus, it all comes down to choosing the right one.

Brazil is on everyone’s bucket list. With its vibrant colors and delicious food, this country is the living embodiment of a live fiesta. It might also interest you to know that it is a good place for trading as well. The primary stock market of Brazil is Brazil Bolsa Balcao S.A., famously known as B3. It is regulated by the National Monetary Council. The council ensures that the activities of brokers are regulated and traders are protected, thus, creating a safe and secure environment for trading.

Brazilian brokers are professional and provide an industry-standard platform. They maintain transparency in trading. This is why the forex, stocks, and CFD markets are flourishing here.

The best Brazilian broker based on customer support, regulation, and the number of clients are Hotforex (read our HF Markets or Hotforex review). HfMarkets or Hotforex has more than 2 million clients worldwide and most of them are from South America.

Stock Exchange in Brazil

Let’s look at the chronology of how the largest stock exchange in Latin America, B3, came into existence. In 2008, the Brazilian Mercantile and Futures Exchange (BM&F) merged with Sao Paulo Stock Exchange (Bovespa). Then, in 2017, CETIP S.A. merged with BM&FBOVESPA, which gave birth to B3. It is still the largest one by market capitalization.

B3 is located in Sao Paulo, the financial center of Brazil. It has offices in Rio de Janeiro, Shanghai, and London. It is also the largest stock exchange in Latin America and ranks 18th on the world market. BOVESPA is the benchmark stock index of B3.

Trading Experience with Brazilian Brokers

The Brazilian trading market is very-well regulated. Brazilian brokers offer a world-class experience to the investors. You can rest assured that you will be protected by the BCB. Even the brokers take every rule seriously. Whether you are trading in stocks, CFDs, forex, or any other commodity, you will be safe. 

You have the option of going forward with either a Brazillian broker or an international broker. While Brazillian brokers will be regulated, you need to check the international broker’s license to see who is regulating them.

One tip is applicable on every platform – make sure that your funds do not become one with the funds of your broker. As your broker will not have direct access to your money, you will remain protected even if they go bankrupt. 

It is always a good option to find a broker that offers multiple tradable asset classes. New traders can open demo accounts for these assets with different brokers. This will help you in two ways: you will understand more about the platforms offered by Brazillian brokers without risking money, and you will gain considerable practical knowledge in the process.

Advantage of Trading in Brazil

Brazil has a good trade relationship with the U.S, Argentina, and China. It also has favorable import and export links with countries like the Netherlands, Japan, South Korea, and Germany. Brazilian Brokers offer safe and secure trading platforms to investors. They are regulated by the National Monetary Council. The country has a good ranking on the World Bank’s list in terms of protecting the interests of the investors and enforcing legal contracts.

Another advantage is that Brazil’s economy and population are growing, with the middle-class population providing a large customer base. This gives investors various financial and business opportunities. The young population is becoming adept with the latest technology and the internet.

Disadvantages of Trading in Brasil

Brazil has had a high net export since 1959 but its exports are not independent of the trade ties between the United States of America and China. While the World Bank has given a good rank to Brazil in ease of doing business, if the trade links between China and the USA get severed, it will have a devastating impact on the economy of Brazil.

One major problem in the Brazilian markets is that they have digitized trading, making it more susceptible to defrauds. If the investor is not alert, he can be easily defrauded by a broker. One of the best ways to avoid getting into such situations is by opening demo accounts and doing live trading with the brokers. Always keep yourself updated with the checklist on reliable brokers. 

One one the universal trading disadvantages is not estimating the right leverage. It exists in the Brazilian markets as well. So, talk to your broker about leverage in detail before making any investment.

The Verdict of Brazilian Brokers

Nothing is absolutely secure in this world, especially when you are talking about trading. The same is the case with Brazil. The country has strict regulatory norms but one has to ve vigilant when they are selecting a broker. Do your research before you make an investment strategy.

The South American country has excellent trade links with some of the leading economic powers of the world. Its capital, Sao Paulo, is its financial center. It has several reputable and established financial markets. The last 30 odd years have changed the structure of its main securities market, Brasil Bolsa Balcao S.A. 

B3, also known as the Brazil Stock Exchange and Over-the-Counter Market, has seen numerous levels of restructuring and deregulation. It deals in the officially listed shares and stocks, stock index options, government issues, currency options, traded options, futures, foreign exchange, metals, agriculture silver, gold, and other commodities. Other sectors that have been restructured are banking, insurance, commodity markets, shipping, and the IBOVESPA Index.

Trading Forex in Brazil

About $5.1 trillion USD is traded across the world every single day. This is huge compared to the trade that takes place in futures, stock, or other financial markets. In Brazil, Forex trading is becoming increasingly popular as well. It has been witnessing a constant rise for the last five years. Some of the contributing factors are the advancement in technology, a higher rate of network coverage, and the competition among various brokers. All these variables have made Forex trading accessible at a reduced trading cost.

Countries like India, Pakistan, Belgium, and North Korea have made Forex trading illegal. Such is not the case in Brazil where this is an active market. As Brazil is very engaged in import-export and investing internationally, it comes as no surprise that the country encourages Forex trading and keeps a strict check on the market. 

Forex trading is safe and secure in Brazil. All you need to do is to make sure that you move forward with a broker who is regulated by NMC. This way, you will be protected.

Are Forex Traders Expected to Pay Taxes in Brazil?

Taking into consideration the tax policies of a country is imperative if you are planning to trade there. In Brazil, you are expected to pay taxes on Forex trading after reaching a certain income. Then, you have to pay taxes for that financial year.

You are required to file taxes even if you have faced substantial losses that year. You need to file your taxes with a proper Brazilian government agency. If you are unsure about anything or believe that you cannot do it independently, take the help of an expert. Filing taxes is crucial and the expert will ensure that everything is done as per the official guidelines. Brazil does not have additional trade restrictions on Islamic accounts.

Cryptocurrency Market in Brazil

While the Forex market has been rapidly growing in Brazil, the country is still warming up to the cryptocurrency markets. It is still a new market but it is steadily budding. Cryptocurrency works on the principle of decentralization. The market is not affected by the change in the rate of interest or by political instability; the two factors which greatly affect the currency market. 

Brazil has a young population which growing income levels. Its generation is embracing technology and subsequently the cryptocurrency market. Brazil trades Bitcoins worth $6 Billion USD every day. It is safe to say that this market will likely see plunging growth in the near future.

Trading Commodities in Brazil

The most commonly traded commodities in Brazil are energies, agricultural commodities, precious metals like silver and gold. Out of the three, trade of precious metals has seen exponential growth since 2002. 

Various leading economies like China and India have been rapidly expanding in all horizons. They are investing in their infrastructure and human resource development. This means that the need for precious metals to build equipment, tools, and other things and agricultural products to feed the population will keep on rising. This translates into more exports for Brazil, strengthening its economy. Countries like Brazil can take advantage of these demands.

Islamic Accounts in Brazil

Islamic accounts, also known as swap-free accounts, are supported by Brazilian brokers. There is no rollover interest in Brazil Islamic accounts on overnight positions. Islamic faith prohibits paying interest. Brazilian brokers take into consideration things that are suitable for Islamic traders. They comply with Sharia law.

The Ultimate Checklist for Finding Authentic Brazilian Brokers

For safe trade in Brazil, all you need to do is to find a trustworthy broker. The rest of the things depend on your strategy. You should consider the following factors while selecting an online broker from Brazil:

• Your broker must have a history of a minimum of 2 years.
• Check if your broker offers reasonably sized customer support.
• Check if your broker falls under the regulations of a jurisdiction that has the power to hold him responsible for his misgivings. It would be beneficial to find out if the authority can intervene if the disputes are bigger.
• It is always better if the broker is able to process withdrawals and deposits within 2-3 days. This helps you when you close a trade and want to withdraw funds.
• Experienced brokers have an international presence. They participate in seminars and training conducted around the world. It is always good to have a broker who has a trade license for multiple countries.
• Ask your Brazilian broker if they can hire people from different parts of the world to overcome language barriers.

It is not mandatory to have local brokerage. But, they should be regulated by a Tier 1 reputable country. International regulations are considered more reputable.

If you still want to insist that your broker is 100% local, check that they are regulated and governed by the Central Bank of Brazil and the Securities and Exchange Commission of Brazil (CVM)

Our Comprehensive Table of Brazilian Brokers

We have done extensive research to prepare a comparison table of brokers for you. In order to find the right broker, you need to educate yourself. To enable you to make an informed decision, we have prepared our comparison table on the basis of the following features:

• What is the minimum amount required to open an account?
• What are the available funding methods for the brokers?
• Forex, commodities, stocks; what can you trade with the brokers?
• Which trading platforms are being offered by the brokers?
• What is the level of customer support offered by the brokers?
• Are the brokers following Standard, VIP, Islamic and Micro accounts?

The result of our research if the following table:

Table 1.

Questions to Ask While Choosing a Brazilian Broker

The financial markets are always unpredictable. Things can get tough at any time even for the veteran traders. If you have a good broker on your side, you can sail through the rough waves comparatively easily.

When choosing a broker, make sure that they offer the latest trading platforms. Trading alongside someone who still lives in the cave when it comes to embracing the latest technology can be harmful in the long run. 

These are the questions that you must ask before finalizing your Brazilian broker:

Q1. Is your Brazilian broker established and trusted in his field?

Yes, the broker must have a minimum history of 2 years but that is not enough. How positive is his track record? How regular has he been in the market? 

If you have a trusted broker in your corner, it becomes easier to focus on important things like curating a viable strategy. 

The top-rated Brazilian broker is Hotforex. Hotforex broker has been operating last 10 years and has more than 2 million clients.  HfMarkets or Hotforex broker is regulated by the Australian Securities and Investment Commission, Cyprus Securities, the Financial Services Authority (FSA), and Exchange Commission (CySEC) regulatory bodies.

Q2. Where does the broker stand in the world ranking?

It is always a good choice to go with a broker that has a good international reputation. This shows that their experience is not limited to one country or region. If you are someone who would want to explore various markets in the future, go for a broker who is considered an industry leader.

Q3. What is the commission or fees charged by the broker?

You must always be transparent with your broker, especially about their commission and fees. These are the factors that can weigh on your profit later on. Never hesitate to ask your broker about these things before hiring them.

Q4. How good is their customer services?

Investors and brokers often live in different time-zones. While this is not a point to ponder upon, this could be problematic in case of emergencies. Additionally, brokers have various clients and tending to each one of them as and when they require is not possible. There is often the problem of language barriers. Check if the broker is offering customer care service in your language. Brokers must have a good customer care support system to deal with uncertainties.

Forex broker Review	Visit	Promotions
Hotforex	Hotforex
Instaforex	Instaforex
FxPro	FxPro
Avatrade	Avatrade
Dukascopy	Dukascopy
Exness Reivew	Exness	Exness
XM.com	XM.com

Conclusion

Brazilian brokers operate under the strict guidelines set by the regulating authority, the National Monetary Council. They hare highly competitive and updated. Apart from the general risks involved in trading, you will have a world-class experience with them.

In the financial sector, Vietnam is known for its lack of accountability. But this condition cannot stop the Vietnamese from moving and making an investment in the Forex market. Brokers from developed countries such as Canada, the United States, and the United Kingdom have helped to boom the economy and can also enhance financial growth. Vietnam is not behind. Vietnam is one of the rapid and fastest-growing economies in the world. Vietnam has already started to mark their names in the Forex world. But FOREX TRADING IN VIETNAM is far more challenging than the other countries in the world.

There are no specific and particular regulations on the activities related to business through the Forex trading platforms. Some local organizations and individual traders engage in these kinds of transactions and trading in Vietnam. However, foreign brokers operate in Vietnam and Vietnam forex market relies on foreign brokers.

The Best Forex Brokers in Vietnam of 2020

There are so many names. So, here is a full list of Forex brokers in Vietnam. These names are such as follows:

1. Hotforex (read our hotforex review)
2. XM (our XM review)
3. FBS
4. AVATrade (read Avatrade Review)
5. Fxpro (Fxpro Review)

These are the top-most brokers in Vietnam.

Hotforex forex broker has special promotions for Vietnam traders, the whole site is translated into Vietnamese.Forex traders from Vietnam can get chat support or native language and special bonus.

But SBV didi not prohibit the trading with the help of offshore Forex brokers. With these offshore Forex brokers, the individual can still trade the Vietnamese dong.

WHICH BODY REGULATES THE OVERALL FOREX TRADING IN VIETNAM?

In Vietnam, the State Securities Commission is the main and central regulatory body for security trading and for foreign and gold trading is State Bank of Vietnam SBV. Their aim is to control the financial stability, control the money management, and also the monetary policies. But if you are interested in investing via Forex brokers, then you need to privately contact SBV.

According to the Law on the State Bank of Vietnam 2010, Decree No.70/2014/ND-CP of the Government dated July 17, 2014 on the implementation of several articles of the Ordinance on Foreign Exchange and revised Ordinance on Foreign Exchange, the State Bank of Vietnam (SBV) is a ministerial agency of the Government, which performs the state management of foreign exchange; foreign currencies and gold trading,

HOW IS FOREX REGULATED IN VIETNAM?

You have already noticed the fact that the State Bank of Vietnam is one of the important and main financial regulatory and advisory bodies in Vietnam. This regulatory body functions these:

They can manage the monetary problems and other banking activities as well. Apart from this, they can also manage foreign exchange matters.

They can issue money

They also perform as the bank of credit and debit institution.

They can provide monetary services for the sake of the Government.

They can also manage public services under SBV.

In this case, SBV claims that its operations are aimed in order to stabilize and manage the value of Vietnamese dong. They can ensure the safety and protection of banking operations. They can also work as an efficient worker in the case of the national payment system. They contribute to the socio-economic development of the country.

The Forex Brokers in Vietnam

SELECTING THE BEST FOREX BROKER IN VIETNAM:

If you want to do the successful Forex trading in Vietnam, then you need to find out the best Forex broker in Vietnam. It is the most important step. So, here are some factors that you need to check while choosing the best Forex brokers in Vietnam:

* You need to choose a Forex broker who is licensed and authorized in major regulator bodies. No country will give you permission to trade with an unauthorized and unofficial Forex broker. If you do that in Vietnam, then you will be the automatic victim of the strict policies of the country.
* You need to choose a Forex broker who has a well-known reputation. You need to find them through your networking and contacts.
* You need to consider the price details of Forex brokers in Vietnam. You need to find a broker who will charge you through the ‘spreads’.
* Before selecting anyone, you need to try a demo account. Through this, you can easily understand how the system will work.

It is not true that you cannot find any suitable and reliable Forex broker in Vietnam due to the current prohibition of FOREX TRADING IN VIETNAM.

The advantages of trading with offshore brokers:

By choosing the offshore brokers in Vietnam, you are able to trade Forex in Vietnam. You cannot find any Vietnamese Forex brokers to work with. So, it is better to trade with offshore brokers in Vietnam. It is a legitimate option. Here are some advantages to choosing off-shore brokers in Vietnam:

Safe: Offshore brokers have a global license. So, you can take their help to start trading Forex in Vietnam. They have been operating for so many years. So, they are reliable and also have millions of clients. They can give you peace of mind. So, you do not need to take pressure about losing your money.

Competitive spreads: They can offer you large and competitive spreads in order to compete efficiently and effectively.

Alluring bonuses: In order to stand out in the world market, many offshore brokers offer you great and alluring bonuses to loyal and new clients. So, it is a great way to earn extra cash in trade in spite of restrictions and strict policies. In this way, you can make your profit.

Apart from its regulations and rules, Forex trading in Vietnam is favorable.

Forex is one of the largest, active, and popular foreign exchange markets in the world. But to find out the best forex broker, you need to know some features and benefits of them and make sure about your choices. Both beginners and experienced traders need to know some basic details of the forex brokers. You need to know the overall trading experience, fees, customer support, trading platform, and also trustworthiness.

So, after doing so many researches, these are top FOREX BROKERS BY VOLUME. They are the BIGGEST BROKERS IN THE WORLD as per the regular transactions.

Forex brokers by volume Table:
In this Table below are biggest forex brokers in the world – the largest fx brokers by volume. This is biggest retail forex brokers list:

Here are the short review and list of the biggest brokers in the world – Forex Brokers by Volume:

1. XM GROUP:

This particular forex broker is one of the best in the trade market. They can offer you a large selection list of assets. You can select anyone from their large selection. They can deliver with the low speed all across the large market of forex. The owner of this particular group is Trading Point Financial Instrument Limited. This group was established in the year 2009. They have their headquarters in international places such as London, Belize, and Sydney as well.

They can accommodate every level of a trader with their XM zero account feature. They offer three different types of accounts to the traders. These are such as follows:

LIVE ACCOUNTS OF TRADING:

The traders from Australia can get so many benefits and advantages from the low account of XM. They can get a chance to deposit a minimum of $50. For the traders of the EU, they offer the zero account. Apart from this, the traders who are not from the EU and Australia, they can also take the benefits of XM account.

DEMO TYPE ACCOUNT:

XM group can also offer the benefits of a demo type account. The starting balance of this account is $100,000.

ISLAMIC PEOPLE ACCOUNT:

The people or traders who are Islamic or have the faith in Islam, they can also open the account with XM group.

ADVANTAGES:

* MX Group is one of the major and largest trading platforms.
* They can offer MT4 and MT5 to all their traders.
* This forex broker is directed by the top bodies of the regulation system.
* They can also offer the best packages for beginners and new forex traders.
* They can offer 57 different currency pairs, metals and cryptocurrencies and as well.

DISADVANTAGES:

* This group cannot be used by US citizens just for some strict regulations.
* They can only offer MetaTrader trading platforms.

2. OANDA:

They do not reveal the whereabouts of their clients. They are very strict in this matter. They use a large range of helpful platforms and tools for an easy and uninterrupted trading process. This forex broker is an authorized one and it is directed by an eminent Government agency as well.

Oanda is a low-risk platform in the trading market. So, beginners can trust them fully. Oanda can offer a broad range of research for the traders of the forex market. They have their clients all over 196 countries.

ADVANTAGES:

* You can get premium content.
* You can get so much well researches as well.
* You can start funding via an upgraded mobile application. It is very simple and easy.
* It is best for casual investors.

DISADVANTAGES:

* They have a small list of tradable products.

3. Hotforex or HF Markets Group

It is a very popular and reliable forex broker. They can offer a variety range of tradable assets. They use so many varieties of tools and equipment. Through these tools, they can help te beginners and experienced traders as well. You can get competitive bonuses and rewards as well.

ADVANTAGES:

* They can offer their clients a variety of tradable assets.
* They have attractive and lucrative spreads as well.
* They are active in so many countries.
* They can offer bonuses and rewards for non-EU customers.

DISADVANTAGES:

* They cannot accept the traders from the United States due to some regulatory issues.

4. AVATRADE:

It is one of the reputed forex brokers. This platform can offer so many benefits to the clients. They can offer a wide range of variety of assets. So, the clients will get so many options here. They can also offer unique and new options for forex trading.

You can use this forex broker platform through your mobile application. It is user-friendly as well. You can also get extensive support via email, phone, and live chats.

ADVANTAGES:

* They can offer so many varieties of financial tools.
* They have lucrative spreads as well.
* This is very much popular among the various jurisdictions.
* You can get the chance of a low amount of deposit.
* The clients can get excellent bonuses and rewards as well.

DISADVANTAGES:

* It cannot accept the customers from the US.

5. Pepperstone:

It is one of the popular and largest forex brokers in the world. It is a reliable and trustworthy platform. They have so many clients all across the world.

ADVANTAGES:

* This is very much popular among all jurisdictions.
* You can get the benefits of over 150 financial tools and instruments.
* Cryptocurrencies, CFD is available with them.
* Best broker for the newbies.

DISADVANTAGES:

* There is no proprietary trading platform.
* Does not accept US customers.

6. IC MARKETS:

It was established in the year 2007 in Sydney. It is directed by the Australian investment Commission. They offer suitable benefits and features for both the newbies and experienced traders. It is a perfect choice for high volume customers and traders.

ADVANTAGES:

* They can offer so many types of trading options.
* You can get all-time support from them.
* For the newbies, they have so many educational videos and testimonials.

DISADVANTAGES:

* Beginners may get confused due to so many varieties.

7. ADMIRAL MARKETS:

They can accept customers from all over the world. They are authorized by the Governments. They are a good choice for both experienced and new traders.

ADVANTAGES:

* They are reliable.
* They can teach new traders with educational tips.
* They are directed by strict Government rules.

DISADVANTAGES:

* They cannot accept clients from the US.

8. FOREX.COM:

This is one of the BIGGEST BROKERS IN THE WORLD. This was established in the year 1999. You can get over 80 currency pairs with them.

ADVANTAGES:

* They can give you negative balance safety.
* They have a stop loss facility.
* They can offer STP.

DISADVANTAGES:

* No such cons.

So, these are top FOREX BROKERS BY VOLUME. You can select the right broker as per your choice.