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Top Moldova FX brokers
Forex trading is allowed in Moldova. In a country with a growing economy and financial sector, FX trading becomes a promising way to earn extra income. The Forex brokers in Moldova follow the rules set by the National Commission for Financial Market (NCFM), which is the main authority ensuring that brokers stick to the laws. This helps maintain order and compliance in the market. The total nominal GDP of Moldova, which was about 15.8 billion dollars in 2023, ranks the country at 138th place in the global economy. Here's a comprehensive list of the best Forex brokers in Moldova, ranked by us.
Moldova imposes a relatively low capital gains tax of 12%, which means that FX traders only need to give a small portion of their profits to the government. However, there aren't strict rules on the maximum amount of leverage that top Forex brokers in Moldova can offer to regular traders. This can be risky, particularly as less experienced traders might end up using too much leverage. Opting for brokers regulated by reputable authorities outside Moldova seems like a safer choice. The exact compensation for eligible investors in case of broker insolvency isn't clearly defined in Moldovan law. Despite this, Moldova's developing economy and financial sector make FX trading more popular. This is due to the flexible regulations that provide both traders and brokers with more freedom. Nonetheless, it's important to approach FX trading with caution, especially for those new to the field, as the risks should always be weighed against potential rewards.