ASIC, CySEC, DFSA +2 more
List Of Top Forex Brokers In Maldives
An island country in South Asia, Maldives has a nominal GDP of $7 billion and a per capita figure of over $17,000. Maldives forex brokers are licensed and regulated by the Capital Market Development Authority (CMDA), which oversees the operations of brokerages and other financial institutions in the country, as well as the promotion of the country’s financial sector. The best forex brokers in Maldives are some well-known names in the industry and are licensed by top-tier agencies, such as CySEC. International forex brokers in Malaysia offer major and minor currency pairs, CFDs and commodities to their local customer base.
While the Maldives financial market may be small, locals who wish to trade currency pairs have access to some of the best forex brokers around the world. Trusted forex brokers in Maldives are well-regulated and the CMDA ensures that they comply with any and every financial regulation in the country. Major currency pairs, such as EUR/USD and GBP/USD are especially popular in the country. Trading in Maldives is taxed by the individual income tax rate, which can range from 0 to 15%, based on tax bracket.