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Mozambique Forex brokers ranked
Forex trading is completely legal and well-regulated in Mozambique. The increase in FX trading makes sense because the local governing body ensures traders are safe, and the financial markets provide an extra income source for many people in the country. The Mozambique Securities and Exchange Commission (CVMC) supervises the Forex brokers operating in Mozambique. The country's total nominal GDP is $17.8 billion, placing it at the 128th rank globally. To help our readers discover the most trusted Forex brokers in Mozambique, we've conducted market research and listed the top choices below.
Mozambique has a significant capital gains tax, with FX traders paying 32% of their trading profits to the local government, which is quite a substantial burden. This underscores the importance of choosing dependable brokers that offer cost-effective trading environments. The top Forex brokers in Mozambique can provide flexible leverage to local traders, since there are no clear rules or policies limiting the maximum leverage for regular Forex traders. This empowers local traders to engage in FX trading even with a modest budget. The regulations also lack clarity regarding the compensation amount for eligible investors if a broker becomes insolvent in Mozambique.