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Trusted Forex brokers in Norway
Forex trading is both legal and tightly regulated in Norway, ensuring a secure trading environment. The oversight of Norway Forex brokers falls under the Financial Supervisory Authority of Norway, known as Finanstilsynet. Norway's approach to maximum leverage for retail clients is transparent and well-defined, upholding the highest standards of investor safety. Trusted Forex brokers in Norway offer a maximum leverage of 1:30 for major currency pairs and 1:20 for non-major currency pairs. With a total nominal GDP of $504 billion, Norway ranks 30th globally.
Norway imposes a substantial capital gains tax of 37.84%, making it challenging to achieve profitable outcomes as a significant portion of Forex trading profits is subject to taxation. This situation is influenced by Norway's status as one of the most developed countries globally, where despite the heavy tax burden, trading on financial markets remains popular. Notably, all top Forex brokers in Norway are affiliated with investor compensation funds, providing an additional layer of protection for eligible investors and traders in case of insolvency. Ultimately, despite the heavy taxation, Forex trading maintains its allure in Norway due to the country's well-established regulatory framework, which fosters one of the safest trading environments.