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Online Forex trading is not widespread in Liberia. Unfortunately, the situation in the country is dire having suffered multiple civil wars the last two decades. The financial sector remains frightfully underdeveloped and the government has not made any attempts at reforming its regulatory structure in order to integrate Forex trading within it. At it stands today – the legislation of the country does not reflect the existence of Forex trading, even though it takes place in the country.
The government does not have an independent regulatory body in the country and financial transactions in the country are regulated by the central bank, the Central Bank of Liberia.
The central bank supports a website, however, with an available English language option. There are no legitimate Eritrea-based brokerages, however, many well-known regulated in Europe brokers target quite successfully traders from Liberia who do not get into trouble with the state for contracting their services.
An important thing to note is that they should support one of the several languages that are spoken in the country. English is the official language which makes communicating with European brokerages quite easy. Brokerages also have to provide withdrawals and deposits via the national currency – Liberian dollar (LRD). The standard Visa and MasterCard are the widely preferred by traders in the country payment methods.