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The retail forex and CFD market in Jordan is governed by the Jordan Securities Commission (JSC), which is a public institution with financial and administrative autonomy to develop, regulate and monitor Jordan’s capital market, maintain a sound investment environment and protect investors.
Apart from the retail over the counter market, the Commission also regulates the Amman Stock Exchange, the Securities Depository Center, financial services companies, public shareholding companies, investment funds and certified financial professionals.
And JSC is entitled also to investigate complaints from the public and investors and to impose penalties on violator.
All of that makes some market observers view Jordan as the next Cyprus regarding the forex market, at least when we are talking about the Middle East.
Just in the past year or so several international brokerage companies, among which CFI Financial Group Holding, Equiti Group and Windsor Brokers acquired a license by the Jordan Securities Commission.
So if you reside in Jordan you can check the list of locally regulated brokers, but you can also trade with brokers regulated by well known international bodies like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).
In Jordan you can pay with all major credit or debit cards like VISA and MasterCard, e-wallets like Skrill and Neteller and CASHU, which is the most widely used payment method in the Middle East and the North Africa region, for which you do not have to have a bank account.