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The financial markets in the Sultanate of Oman are governed by two main regulatory bodies – the Central Bank of Oman, which oversees the financial stability, the monetary policy and the banking sector as a whole, and the Capital Market Authority of the Sultanate of Oman (CMA), which is responsible for the development of the capital market and insurance sector.
CMA also supervises the Muscat Securities Market, the Muscat Clearing and Depository Company, all public shareholding companies, the audit firms accredited to audit the accounts of the companies regulated by CMA, companies operating in the field of securities, investment funds, credit rating agencies, insurance companies, insurance brokers, and agents of insurance companies.
As forex and CFD brokers are not mentioned in the list of regulated entities, our best advise, if you are stationed in the country and want to trade, is to chose a broker with a legit license form a well respected financial institution such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC).
In Oman you can use all major credit and debit cards like Visa, MasterCard and American Express, as well as Ucash – a popular payment method throughout the Middle East.