Introduction to 4 Digit Broker

4 Digit Broker refers to the brokers who are using 4 decimal pricing such as 1.2345. Traders in the Forex market use currency prices up to 4 digits after the decimal. Orders are executed at the 4 decimal digit, not the usual 5 digits, of the currency in which the trading is being done.

The 4 decimal digits help to simplify the calculation of the difference between two different currency prices. For example, if a trader is offering a currency pair such as USD/EURO for 4.0003 with a forecast of the price rising to 4.0009. This means there is a positive change in the value of the dollar against the euro. This could be determined by the change in the last decimal digit of both the prices. This price point movement can be both negative or positive.

Why 4 Digit Brokers?

When we are dealing with the exchange of currency, the smallest price movement is denoted by pips. These pips represent the point change in the price of a currency pair. Traders take utmost consideration about the changes in the pips as it determines the possible gains or losses. Pips also help in understanding even the small changes in the 4 digit currency prices. More pips the trader gains more is the profit.

4 digit brokers are quite useful and easy when you are dealing with decimal values of currency. Following are the advantages of the 4 digit Broker:

• Accuracy: Accuracy and profit go hand in hand in the forex market. Accuracy comes if a person is well aware of even the slightest change in the currency pair price and knows how to exploit such changes. The 4 digit forex broker helps in such accuracy in the market.
• Timing: Timing is very important while trading as there are changes in the market prices every millisecond. The 4 Digit forex brokers have a detailed knowledge of the changes in the price of a currency pair. Acting upon these changes at the correct time can prove to be beneficial as even the smallest decimal changes in the price can give a huge profit or a huge loss.
• Trading Platform: Trading platforms like MT4 and MT5 possess the skills to read the Forex charts up to 4 digit decimal prices in the forex market. 4 digit forex brokers are well versed with the knowledge of the technical and fundamental analysis of the market and help the investor to utilize this knowledge towards gaining access to these trading platforms.

4 Digit Trading Platforms

To get access to the Forex Market as a trader, a trading platform, or a currency trading platform is needed. This trading platform is provided by the broker to the investor. And it can be accessed through many means such as a mobile app, web portal, etc. two of the most preferred currency trading platforms are MetaTrader4 and MetaTrader5.

Both MetaTrader4 and MetatRader5, read up to 4 digit decimal prices and provide detailed information on the market trend making it convenient for the user to make sound decisions. These trading platforms are also accessible through mobile applications so the traders can get all the information and make transactions anywhere, anytime.

The Final Verdict of 4 Digit Forex Broker vs 5 Digit Forex Broker

You can come across both 4 Digit or 5 Digit brokers but the objective of both the brokers is to gain maximum from the slightest point change in the currency price. It is evident that 5 digit brokers provide a more optimal price difference as compared to the 4 digit broker. But the 4 digit broker provides more accuracy and timing of the market that helps to notice whether there is a positive or negative change in the price. Moreover, with trading platforms like MT4, it becomes an even more preferred and easily accessible concept in the Forex Market.

Finding a broker that matches your portfolio and your expectations from the investment you are planning is difficult and time-consuming, especially when you are not aware of the options available to you. The following is a guide to some of the best 4 digit brokers that can help you towards achieving your investment goals.

Selecting The 4 Digit Broker 

To get the most suitable broker, in accordance with the investor’s needs, one must look for certain factors. Some of these important factors are:

• Check if your 4 digit broker is dealing in the international market as well. He may be enrolled in the training and seminar presentations which will show his presence in the international market.
• If there are any disputes or misunderstandings in the trading, the 4 digit broker may have the ability to become the arbitrator in that situation. This may be possible if the broker is associated with a regulation under the jurisdiction or at least has the knowledge of it to prevent any future misconduct.
• Customer support also plays a big role in displaying the 4 digit brokers’ reputation in the market. It may also be considered while selecting the broker that if he has a justified number of customer support. Consider more than 15 good.
• Deposits and withdrawals can take time which may cause delays. So look for a broker who can help you with the processing within 2 or 3 days.
• A 4 digit broker with considerable experience in the market is always a good option. Make sure your broker has a relevant trading history of 2 or more years.
• Since trading is not taking place locally. It is an international platform and communication can be a barrier in some situations. Find a broker who has the sources to appoint translators for your convenience.

Comparing The 4 Digit Brokers

Out of the pool of the 4 digit brokers in the market, the investor must look towards the following aspects of the broker. These aspects will help him shortlist and choose the most suitable broker that meets his/her portfolio demands. 

• What each brokerage offers you to trade?
• What are the 4 digit brokers’ available funding methods?
• What is the minimum deposit required in order to open a trading account?
• What is the spread type of each brokerage?
• Which trading platform are brokers able to offer?
• What is the value of the customer support offered by the broker?

Other aspects such as Islamic, VIP, micro, and standard account of brokers may also be considered.

Top 15 4 Digit Brokers of 2020

The following are the top 4 digit brokers, and their comparison on the basis of fees, headquarters, benefits, funding methods, deposits, and regulations.

More About The 4 Digit Brokers

After comparing the top 4 digit brokers on the basis of their fees, regulation, headquarters, trading platform, deposit, and customer support, the next step is to get more details about these brokers in order to get clear with what each broker has to offer.

Let’s take a look into a more detailed approach in the 4 Digit Brokers.

Explaining the 4 Digit Brokers 

The market is a very uncertain place and sometimes even the experienced brokers fail to predict an upcoming trend correctly. In such cases, the more detailed information of the brokers helps you to consider the best broker amongst them. The trading platforms they are offering and their individual innovation approach determine their market position. To be successful with your investment, a trustworthy relationship between the broker and the investor is a must. The broker must ensure the investor that he is confident with his trading skills and the investor can rely on him with his decisions.

6 Factors You Must Consider While Choosing The Broker

Following are the questions that one must ask themself before choosing a suitable broker.

Q1. Is your 4 digit broker established and trusted?

A broker’s position in the market can be considered by the broker’s track record. The longevity of the broker tells how accurate and established his approach is in the market. Through this, investors can evaluate the strategy towards the market. 

Amongst the top 4 Digit brokers, eToro is the highest-rated broker. With its headquarters in Cyprus, UK, eToro was established in 2006 and has been operating for the past 12 years.

eToro is regulated which indicates that its conduct is checked and regulated by the Financial Conduct Authority (FCA), the Cyprus Security and Exchange Commission (CySEC) regulatory bodies.

The next popular broker, after eToro, is Plus500. With its headquarters in Israel, Plus500 was established in 2008 and has been operating for the last 11 years.

Plus500 is also regulated which means it is also checked and supervised for its conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Q2. What is the position of the 4 digit broker in the world market?

As discussed before, the trading platforms offered and the innovative approach of the broker help in understanding his market position. The industry leaders can always give you the facilities that not everyone can offer. As the industry-leader, eToro offers over 100 instruments and segregates the clients (investors) funds. It also gives its clients easy access to the market by offering both mobile platforms and online trading platforms. eToro supports various third-party trading platforms by allowing access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy.

As the world leader in terms of innovation, eToro is always working towards improving themselves and maintaining their position in the market.

After eToro, Plus500 holds the next position in the industry and it only provides CFDs and offers over 2000 instruments.

Q3. How much fees or commission is the 4 digit broker charging?

Brokers’ commission and fees are something that an investor must not neglect while getting into business with the broker. Make sure to ask the broker about his/her commission or fees and also consider comparing it with that of his competitors.

The top-rated eToro’s minimum deposit is 200 and it has a variety of competitive offerings that includes Cryptocurrency, CFDs, Forex, Social Trading, Stocks, Commodities, Indices, etc. 

As the 2nd top-rated $ digit broker, Plus500 has a minimum deposit of 100 and it offers CFDs.

Q4. How is the customer support service offered by the 4 digit broker?

Customer support of a broker gives a glimpse of the future assistance you can expect from your selected broker. What type of customer service is your broker offering, how prompt he is with the assistance and queries, how quickly can your broker act upon your decisions regarding the training, installation, upgrading, and cancelation? It can also include general customer services like email support, live chat, and tele-calling.

eToro supports various languages including English, French, German, Italian, and Spanish.

Plus500 supports a plethora of languages including Arabic, Bulgarian, Chinese, Czech, Danish, Dutch, English, French, German, Hebrew, Italian, Norwegian, Polish, Portuguese, Slovak, and Spanish.

Both eToro and Plus500 customers can obtain help through their customer service that is available through call chat or email.

Q5. What are the resources that the 4 digit broker can avail?

It is always better when the broker offers complementary resources like risk management tools, education, and analysis. eToro and Plus500 are supported by the wealth of knowledge from top analysts and work together to bring the latest news and insights to traders.

For many traders, novice or experts, the most difficult part is pursuing their edge. Yes, it is important to have an edge along with organized money management, this is not the only thing that can prepare you for the market. The most crucial thing still remains the selection of the broker and access to the market.

Q6. Is the broker checked by a regulatory body?

The job of the regulator is to guard the interests of the traders. If the selected broker’s conduct is checked and supervised by a regulatory body it ensures the security of the traders’ funds that the trader is entrusting with the broker. Sometimes brokers can cause financial harm to the traders by using their investment as their working capital. This type of fraud can only be prevented if there is a regulator to check upon the broker’s work.

Founded in 2008, Degiro is a European brokerage company. It is based out of Amsterdam. It started offering stock brokerage services in 2013 to retail investors by giving them online access to over 60 security exchanges at wholesale prices. It is regulated by the Netherlands Authority for the Financial Markets (AFM). It is registered with the Financial Conduct Authority as well. 

Degiro broker is excellent for scalping traders. Degiro Scalping opportunity is based on very tight spreads that this broker offers.

While Degiro is a well-established brokerage company, it might not be the perfect choice for everyone because of the following reasons:

• You cannot trade cryptocurrencies and Indices with Degiro.
• Neteller, Skrill, and PayPal are not accepted by it.
• It doesn’t offer an ECN account.
• You are not offered MT4 and MT5.
• Degiro scalping is not allowed.
• It doesn’t allow hedging.

Alternatives for Degiro

Some of the best alternative online brokers for Degiro are:

IC Markets

It was founded in 2007 in Australia and has its headquarters in Sydney. It is regulated by ASIC, AFSL, and FSA. It offers good customer support and has a good reputation. It allows losses to exceed the deposit.

eToro

With an overall rating on 4-Stars, eToro is next in the queue. The company was founded in 2007 as well and has offices in Isreal, Cyprus, UK, US, and Australia. It is regulated by the Financial Conduct Authority and CYSEC. It offers great support and has a great reputation. 

X-Trade Brokers

X-Trade Brokers or XTB was founded in 2002 and has its headquarters in Poland. It is regulated by the Financial Conduct Authority, KNF, and CMB. It offers good customer support and has a good reputation. 

Trading 212

Trading 212 was founded in 2004 and is regulated by the Financial Conduct Authority and CYSEC. It offers great customer support and has a good reputation. 

First Prudential Markets

First Prudential Markets or fpmarkets was founded in 2005 and is regulated ASIC. Its headquarters is in Sydney, Australia. It offers good customer support and has a good reputation. 

Pepperstone

Pepperstone was founded in 2010 and is regulated ASIC. Its headquarters is in Melbourne, Australia It offers great customer support and has a good reputation. 

Plus500

Plus500 was founded in 2008. Its regulatory bodies are the Financial Conduct Authority (FRN 509909) and the Cyprus Securities and Exchange Commission (License No. 250/14). Its headquarters is in Israel. It offers great customer support and has a good reputation. 

FXPrimus

FXPrimus was founded in 2009. Its regulatory bodies are CYSEC and MIFID. It offers great customer support and has a good reputation. 

RoboForex

RoboForex was founded in 2009. Its regulatory bodies is CYSEC. It offers good customer support and has a good reputation. 

We hope that our analysis will enable you to make an informed decision.

LMFX is an online brokerage firm, founded in 2008. It offers services for Forex trading, spread betting trading, CFDs trading, share dealing trading, and social trading. LMFX is a publicly listed firm where you can legally buy shares. It is owned and operated by Global Trade Partners Ltd. The company is under the regulations of the Republic of Macedonia. LMFX has an office in Macedonia and another supporting office in Bulgaria.

TradersWay is another online forex broker. It offers a number on trading platforms, including MT Mobile, cTrader, MetaTrader, and MetaTrader 4. You can choose from up to 40 currency pairs at TraderWay.com. Along with Forex, the broker also trades metals and cryptocurrencies.

LMFX vs TradersWay

Both LMFX and TradersWay are among the leading online brokers but when it comes to choosing between the two, who will win the fight in LMFX vs TradersWay?

Just like with everything else in the world, there is no perfect answer to this question. It ultimately depends on the choice and preferences of the investor. However, we can help you in making an informed decision. 

We have prepared a comparison table of these two brokers on the following basis:

• Effectiveness
• Price
• Ease of use and support
• Trustworthiness

One crucial thing that you must keep in mind while selecting a broker is that they must be regulated. If they are not regulated, your investments will stand unprotected. 

Use the table given below to do the analysis:

Introducing The Polish Financial Market

Formerly a part of the Soviet Union and now the European Union, Poland has always seen economic growth. Facing several market reforms and the fall of the USSR, the Polish Market has gained its strength through all this time and came out to be one of the strongest financial markets in the world. Its regulatory body is the Polish Financial Supervision Authority (PFSA) and is strictly regulating all the Polish Brokers.

Warsaw Stock Exchange

Poland Financial Market can be explained without mentioning the Warsaw Stock Exchange. It was founded in 1817 as the Warsaw Mercantile Exchange, later it became Warsaw Stock Exchange in 1991 when it first started trading. Warsaw Stock Exchange (WSE) is a joint-stock company located in Warsaw, Poland. Being the largest stock exchange in Eastern Europe, it is providing a major platform to the Polish Brokers for trading. 

Trading In Poland 

The Polish Financial Market offers options to trade with both local Polish Brokers or international brokers. Both offering their own advantages, one must make sure that the brokers are regulated as it will ensure the safety of the trader’s funds and prevent any kind of misconduct. If something happens the trader can always rely on the authority to resolve the issue, only if the broker is regulated. Although the International brokers of the European Union are widely popular for their reputation, local traders prefer Polish Brokers over international brokers.

The Polish market has a wide variety of offerings in the market. Traders can choose from CFDs, commodities (agricultural and metals), cryptocurrencies, forex pairs (polish brokers trade in polish national currency ‘Zloty’), and stocks. Apart from these, traders, especially the infant traders, also have an option of Demo Accounts. Demo Accounts, as the name suggests, does not require the trader to actually put in his capital but practice and learn from it by trading in Poland and other international Financial Markets. It would teach him the tricks and necessary moves that will help him in the long run, in the trading

Advantages and Drawbacks of the Poland Financial Market

Being one of the largest economies in the Europian Union, Poland’s Financial Market has a lot to offer. Ranked as 40th in dealing with construction permits, 32nd in credit facilities, 25th with insolvency resolving, and in top 5 for trading across borders, Poland is one of the most suitable countries for international traders with English being spoken widely here, resolving the issues of even communication barriers. With Technology Parks and Special Economic Zones (SEZs), businesses have a lot of opportunities to grow with the ever-growing economy. 

Although starting a business is deemed to be good, getting electricity, payment of taxes, and minor investors’ protection can be troublesome here. With Brexit and the transition period in its way, it cannot be neglected that it will impact the Europian as well as the Polish market. The Czech Republic, France, Germany, Italy, Netherlands, and the UK are Poland’s major trading partners and with Brexit, there will be some alterations in such relationships. 

Verdict

With so much to offer and with the security of the regulators, Poland Financial Market is a place where traders will earn as well learn a lot. With the large and dynamic economy, SEZs offering business opportunities, ease of communicating in English, and the regulatory body safeguarding the investors’ money, the market has a positive conclusion for those who are seeking suggestions.

Types of Accounts and Trading In Poland

Poland has a wide variety of trading options and the types of accounts to the traders who wish to trade in this market. There are CFDs, cryptocurrency, commodity trading, ETFs, and forex that the trader can discuss with his broker to get a better knowledge about his/her trading options. 

• Cryptocurrency

Poland has recently improved its internet technology. With that cryptocurrency paved its way into Poland Financial Market. Being a new member of the market, cryptocurrency has gained wide popularity among the traders with Bitcoins worth $6 Billion USD being traded every other day. But its future purely depends on the legal policies of the government.

• Commodity Trading

Poland is a potential member of the commodity market by providing raw materials including agricultural commodities, energy, and metals. These raw materials are widely imported and exported in the world especially in the case of developing countries where these commodities are needed on a large scale. Keeping up with the growing demand for these commodities, Poland is evidently an active country in terms of commodity trading.

• Forex Trading

Although there were rumors that Forex trading is banned in Poland, it is very much legal and has a huge market with over $5.1 Trillion USD being traded every day, from across the world. Forex trading in Poland has a huge potential because of the high level of competition between brokerages, vast internet coverage, and the latest and improved technology. This not only reduces the cost of trading in forex but also provides easy access to the market. But the trader must always make sure that their broker is regulated to ensure the safety of their investments and to prevent any misuse or misconduct.

Since the income from forex trading is obtained from the country, it is taxable after a certain level of profit made by foreign investors. It is advised to contact a Tax professional in Poland to understand the taxation policy in order to prevent any disagreements with the government. There are some reservations and exceptions also in case of different accounts. For example, if a taxpayer has stayed in the use for more than 183 days, the tax can be paid in the US.

• Islamic Trading Accounts

Islamic trading account or Islamic accounts are special accounts offered to people who wish to follow the Quran. Brokers, generally, do not prefer offering such accounts because they are less profitable and the demand is relatively less as according to Islam, paying or receiving interest (Riba) is prohibited (haram). But Polish Brokers offer such accounts in accordance with the Sharia Law ( Islamic law prohibiting the collection of interest). They are also known as swap-free account as to respect the Muslim faith the do not offer rollover interest in overnight positioning.

What Can a Trader Expect While Trading in Poland

With the growing internet technology and a strong economy, Poland attracts many investors offering them opportunities in finance and business. Even with such positive aspects, it is always advised to always to have the knowledge about trading and leverage. One can always opt for a demo account. To practice trading, before going fully into the market. One must always make sure that their selected broker is regulated and is suitable to the needs of your portfolio. The Poland Trading Market is now able to defraud the unsuspecting investors due to the technological advancement and trading digitization. But one must not always blind about the fact that there will always be profit coming their way. High leverages can give you both negative and positive outcomes. But the Polish Brokers take measures by offering their traders to stay away from such losses through stop-order and negative balance protection which will help diminish the losses to a great extent.

Selecting The Polish Broker

While selecting a broker, traders must keep in mind the following factors that will help them understand their broker in a more accurate and to make them more confident in their decision-making process

1. As said before, make sure that the Polish Broker you select is regulated by the authority and all his actions are conducted under the regulatory body. The broker may also have the skills and knowledge of arbitration which can help the trader in case of any disagreements in the market.
2. What resources and connections does your broker has in the international market that can help you in cases where you need someone to communicate in your language, for a better understanding.
3. Understand the positions and presence of the Polish Broker in the international market.
4. Customer support is also an important factor to consider the position of the broker in the market. Better customer support reflects the working ethics of the broker which can give positive feedback of the broker.
5. Trading experience of at least 2 years is considered worthy of considering a broker for trading. So, look for a Polish Broker who has a history of 2 or more years in the Poland  Financial Market.
6. The broker must also be able to process the fundings within 2 or 3 days as it will help in preventing any delays during withdrawals which can be a hassle and a time-consuming process in certain cases.

In case the trader is opting for an international broker, he/she must make sure that the regulated by an international regulatory body. In the case of  Polish Brokers, they are regulated by the Polish Finance Supervision Authority (PFSA). 

Important Questions

Before selecting a broker, the trader must male sure to get answers to the following questions in order to match the requirements of his trading plan with that of the broker. The questions being:

1. What trading platforms can the Polish Broker offer you?
2. What are the funding methods used by the Polish Broker?
3. What is the Customer Support Level of the Broker? (more than 15 acceptable)
4. What is the minimum deposit requirement?
5. If the broker is offering, what is the spread type?
6. How much is your limit to trade with each brokerage?

Comparison Between Top 15 Polish Broker

Following is the list of Polish Brokers compared on the basis of the above-stated questions such as funding methods, fees, regulations, and others.

Top Polish brokers

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

Detailed Polish Brokers

While selecting a Polish Broker, careful consideration of every aspect, and every character of the broker is completely necessary. Sometimes all the knowledge and education of the trader is not enough to select the perfect broker whom the trader can rely on completely with his funds. In such cases, it is a smart move to look for a broker who is an industry leader and is well versed with the latest technological improvements and changes taking place in the market. Apart from these getting information on the basis of the below-mentioned features of the brokers is equally necessary for the process of selecting a suitable broker and having access to the financial markets.

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.

The top Broker in Combodia is Hotforex, a broker that has more than 2 million traders.

Is forex trading legal in Cambodia?

Forex trading is legal in Cambodia as same as equities, commodity trading. Domestic brokers need to be regulated at the National Bank of Cambodia as main financial regulation body in this country.

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 find in list below top forex broker in Cambodia.  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