If you’re interested in trading Forex in Nepal, you probably want to know whether or not it is illegal. After all, with your capital at risk, the last thing you want is trouble with the law. Lucky for you, we made some research on the legalization of forex trading in nepal, and found that it is 100% legal and safe for you to trade Forex in Nepal.
If you’re interested in trading Forex in Nepal, you probably
want to know whether or not it is illegal. After all, with your capital at
risk, the last thing you want is trouble with the law. Lucky for you, we made
some research on the legalization of forex trading in nepal, and found that it
is 100% legal and safe for you to trade Forex in Nepal.
The foreign exchange market is global decentralized market
for the trading for currencies. This includes all aspects of buying, selling
and exchanging currencies at current or determined prices.
Because of the soverignty issue when involving two
currencies, forex has little supervisory entity regulating its actions.
Forex Trading in Nepal is supervised by the securities Board
of Nepal (SEBON). This board is responsible for regulating the “Securities Act”.
The “Securities Act” is the important piece of legalization
for those who want to know the legality of trading Forex in Nepaal. SEBON has
been regulating the market under the Act 2. According to SEBON, any securities
business, or trading platform, has to obtain a license to carry on securities
business from the Board pursuant to this Act3.
Unfortunately, none of the best online Forex trading
platforms are licensed by SEBON. This is probably because of the high costs and
unrealistic requirements they have set for online operators. If you want to
trade with low fees and minimal restrictions, you will need to find a trading
paltform that is regulated somewhere else.
Now that you have a better understanding of the legality of
trading Forex in Nepal.
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