ASIC, CySEC, DFSA +2 more
RON fx currency accounts
Romanian New Leu (RON) serves as Romania's official fiat currency, having replaced the old Leu in 2005. There are several advantages to using the Leu as a base currency: Reduced Transaction Costs: Utilizing local payment methods and avoiding currency conversion fees help lower transaction expenses. Favorable Forex Options: Forex brokers that offer RON accounts also provide payment options popular in Romania, resulting in lower fees. However, it's essential to note that the New Leu is scheduled to be replaced by the Euro in 2024. Despite the acceptance and free exchange of USD and EUR, the Leu remains the dominant currency in Romania, making it a preferred choice for traders. For local FX traders seeking to minimize costs, a RON FX trading account is the optimal solution. If you're interested in leveraging the advantages of RON FX trading accounts, here's a list of the best Forex brokers with Leu accounts.
We couldn't locate any brokerage companies that meet your search criteria. Instead, we present you with a list of the finest Forex brokers available at your location.
FX brokers that offer accounts in Leu in Romania, fall under the oversight of the Romanian Financial Supervisory Authority (ASF). This regulatory body permits brokers to provide a maximum leverage of 1:30 to their retail traders, aligning with the standards of other reputable regulators such as FCA, ASIC, and CySEC. The New Leu operates as a floating currency, which means its exchange rates are subject to the forces of supply and demand. Consequently, it presents an attractive opportunity for speculation. For Romanian FX traders aiming to trade their currency before 2024, it is advisable to choose Forex brokers with RON accounts. These accounts cater specifically to their needs and preferences.