|US||/5||$50||Click for a special offerWebsite|
The Finance Commission of Sri Lanka is the government agency, which oversees and regulates the financial markets in the country. The Commission, however, is governed directly by the Ministry of Finance or the Treasury, along with the Central Bank of Sri Lanka, which is responsible for the price stability and the monetary policy.
The retail forex and CFD trade in Sri Lanka is neither illegal, not regulated and that means your best option is to choose from the list of brokers, regulated let say in Australia by the the Australian Securities and Investments Commission (ASIC), in EU by the Cyprus Securities and Exchange Commission (CySEC) or by the Financial Conduct Authority (FCA) in the UK.
You can feel safe with all adequately licensed brokers, because of the strict oversight and the rigorous control they are subject to. Licensed broker for example have to maintain a certain minimum operational capital, to file regular reports, to allow independent audits, to provide traders with a negative balance protection and with some regulators like FCA and CySEC even to insure traders funds.
Actually your trading account will be insured for at least 20 000 EUR with any broker, licensed in EU.
If you are in Sri Lanka you can pay with major credit cards like VISA, MasterCard and American Express, as well as Union Pay and JCB. Other options include bank transfers .
Also Sampath Bank, one of Sri Lanka’s major banks, has partnered with Xoom to make international transfers to and from Sri Lanka easier.