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List Of The Best Forex Brokers In Nauru
Forex brokers in the Micronesian country of Nauru are internationally registered and regulated forex brokers with a wide variety of financial products offered for trading. As a micronation, Nauru does not have a separate regulatory body to license and oversee forex brokers in the country, but residents have access to international brokers who offer anything from major and minor currency pairs, to CFDs and commodities futures. Nauru uses the Australian dollar as its main currency and local traders can also access minor currency pairs involving the Australian dollar, such as EUR/AUD, AUD/NZD, and JPY/AUD, among others.
Nauru forex brokers offer a wide range of currencies and CFDs for trading. While the country’s population and economy are modest, internationally licensed brokerages are available for Nauru residents to register and gain access to the global forex market. Nauru does not uphold capital gains taxes, which means that Nauru residents can register with forex brokers and trade free of tax. Aside from the major pairs of EUR/USD, GBP/USD, and others, minor and exotic pairs are also available to Nauru residents. Thanks to friendly taxations, traders can simply compare the spreads offered by forex brokers in the country to choose the most affordable one with plenty of extra features.