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Croatia joined the European Union in 2013 and its financial regulations are fully harmonized with those in the rest of the Union. The agency that regulates the non-banking financial sector in the country (banks are regulated by the Central bank) is Hrvatska agencija za nadzor financijskih usluga (HANFA) or the Croatian Financial Services Supervisory Agency.
Under the current regulations all companies or persons, dealing with securities, insurance or futures on the Croatian market have to report back to HANFA and that includes all forex and CFD brokers.
The Agency also supervises the activities on the stock market including, the Zagreb Stock Exchange and reports to the Croatian parliament. On top of that it has jurisdiction over all investment companies, securities companies, brokers, financial advisers, insurance companies, insurance mediators and representatives and pension funds.
HANFA has the power to issue forex licenses, as well as to impose sanctions and even to ban brokers from the market if they do not respect the regulations.
The forex regulations in Croatia are uniform with those in the rest of EU and include a ban on all binary options bets, a negative balance protection to all traders, the requirement to keep all traders funds in a segregated, protected form creditors account, the obligation not to offer any trading bonuses and to cap the maximum leverage allowed with forex transactions at 30:1.
Also all forex brokers in Croatia have to maintain a minimum trading capital of at least 730 000 EUR, to file regular reports and to allow external audits.
HANFA was created in 2006 with the merger of the Croatian Securities Commission, the Financial Services Supervisory Agency and the Agency for Supervision of Pension Funds and Insurance. That helped the centralization of the capital market in the country.
EU brokers with legit licenses from other financial regulators in the Union such as the Cyprus Securities Exchange Commission (CySEC) can freely offer their services in Croatia.
Besides with major credit or debit cards like VISA and MasterCard in Croatia you can pay with e-wallets like PayPal, Neteller, Skrill, Alipay, PAYMILL and QuickPay.