Best forex brokers in Serbia

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The regulator of the securities market in Serbia is the Serbian Securities and Exchange Commission (SEC), burdened with the responsibility to safeguard the orderly functioning of the capital market, to enhance investor protection and to ensuring integrity, efficiency and transparency of the market.

The Commission should also oversee all capital market participants, such as all broker-dealer companies, custody banks, authorized banks, investment fund management companies, investment funds, licensed brokers portfolio managers, investment advisers and audit companies. Serbian banks are under additional scrutiny from the National Bank of Serbia.

We should note that investment services in Serbia may be offered only by investment firms (broker-dealer companies and credit institutions) authorized and licensed by the Securities Commission.

Those companies are subject to some minimum capital requirements, which range from 125 000 EUR to 730 000 EUR depending on the investment services offered. Broker-dealer companies licensed with 125 000 EUR are allowed to perform reception and execution of orders, to provide portfolio management services, to give investment advice and to offer services pertaining to placing of financial instruments without a firm commitment basis.

Broker-dealer companies licensed with 200 000 EUR capital can offer all of the above mentioned services plus they can deal on their own account.

With a 730 000 EUR license in addition the company will be allowed to perform underwriting services on a firm commitment basis and to keep client money accounts.

So basically international brokers, who want to offer their services in Serbia, but do not want to register with the Commission, can do that through a partnership with a 125 000 EUR license Serbian broker-dealer company, with the only requirement to hold a license issued by a state authority competent for such activities in the country of their origin.

Popular payment methods in Serbia include Western Union, PayPal as well all major credit or debit cars like VISA and MasterCard.