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Forex trading isn’t among the most popular financial activities in Nepal but it certainly isn’t unheard of. It is legal and the government does not harass citizens for contracting the services of a foreign brokerage. However, the government does not regulate it either and we have not heard of plans to do so in the near future.
The banking sector and the financial institutions in the country are under the regulatory oversight of the Nepal Rasta Bank. The Beema Samiti is in charge of the oversight of insurance companies. The Nepal Rasta Bank supports a website with an English language option which is a welcome sign.
Brokerages targeting traders in Nepal shouldn’t worry about a language option because English is the language in which all legal documents in Nepal are written. They should support deposit and withdrawal via the national currency – Nepalese rupee.
The most popular payment methods in the country are the standard Visa and MasterCard.
The best option to trade forex safely in Nepal is to chose a brokers with a legit license from a well respected financial authority such as the he Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).