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The best Forex brokers in Cambodia
Cambodia, officially known as the Kingdom of Cambodia or Kampuchea, is situated in Southeast Asia. Its capital and largest city, Phnom Penh, serve as the heart of the nation. The primary language spoken is Khmer, and the majority of the population identifies with Khmer culture. Buddhism is the prevalent religion, followed by 95% of the people. Spanning about 181,000 square kilometers, Cambodia shares borders with Thailand, Laos, Vietnam, and the Gulf of Thailand. The country's recent history has been marked by turbulence. In 1970, a coup led to the establishment of the US-backed Khmer Republic, but in 1975, the Khmer Rouge took control, leading to a tragic Cambodian genocide. Subsequently, Cambodia faced Vietnamese occupation, and in 1997, Prime Minister Hun Sen came to power through another coup, shaping a de facto one-party state. Despite its status as a least developed country, Cambodia participates in international bodies like the UN, ASEAN, and WTO. The nation's economic growth has been fueled by sectors such as agriculture, textiles, construction, garments, and tourism, attracting foreign investments. Due to the absence of a specific domestic regulatory authority for financial markets, selecting reliable Forex brokers from outside the country is crucial. Here, we present a list of the best Forex brokers in Cambodia to facilitate secure trading.
With a per capita income of $4,000 in 2017, Cambodia remains categorized as a least developed nation by the United Nations. Agricultural activities like fishing and rubber cultivation hold immense importance for rural communities. Traditional rice varieties reintroduced by the International Rice Research Institute have aided Cambodia's agricultural landscape. Over the period from 2001 to 2010, the country achieved a noteworthy 7.7% GDP growth, leading to reduced poverty rates, although challenges persist in healthcare and education. While the National Bank of Cambodia oversees the banking and financial sector, obstacles such as corruption and limited education impede its progress. Consequently, the absence of a local regulatory body for Forex markets and securities trading prompts reliance on Forex brokers regulated beyond Cambodia's borders. Manufacturing is dominated by the garment industry, but tourism serves as a pivotal revenue source, drawing millions of global visitors. Rice and rubber cultivation also contribute significantly, alongside efforts towards transport infrastructure and renewable energy. Although Cambodia's focus on financial services is limited, its growing tourism and infrastructure make it an emerging player. For secure trading, relying on trusted Forex brokers regulated externally is the prevailing choice, given the absence of local financial market regulation.