Best forex brokers in Cambodia

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The forex and CFD market in Cambodia was regulated in August 2016, after the Securities Exchange Commission of Cambodia (SECC) officially granted its first round of derivatives trading licenses to several companies.

The brokerage license comes with the requirement for a minimum operational capital of at least 250 000 USD, as well as a security bond equivalent to 15% of a firm’s capital.

At the same time, the minimum capital requirement for a central counterparty license, which allows clearing and settlement services is 5 million USD.

The first financial companies to be licensed in Cambodia were Golden FX Link and Phnom Penh Derivative Exchange, which have both been granted licenses to operate as central counter parties and brokerage firms. Phnom Penh Securities was granted a brokerage license, while several other brokers were also in the process of acquiring a license.

Currently nearly 40 forex and CFD brokers are registered with SECC in Phnom Penh, all of which you can find in a register, easily available on the English language version of their website.

The Commission oversees all Securities Underwriters, Securities Dealers, Securities Brokers, Financial Advisory Firms, Central Counterparties and Derivative Brokers, as well as the stability of the capital markets in the country as a whole.