Trusted Samoa Forex brokers ranked

Forex trading is legal and regulated in Samoa. With a total nominal GDP of 881 million dollars, Samoa is a small country. Given its modest GDP and economy, FX trading presents an appealing opportunity for local traders seeking alternative income sources. The Samoa International Financial Authority (SIFA) serves as the regulatory body responsible for overseeing financial services, including forex brokers, within Samoa. To operate in the country, Samoa Forex brokers must adhere to the laws and regulations established by SIFA. Here, we've compiled a list of the top Forex brokers in Samoa, offering a secure and dependable trading environment.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.36
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
Fortrade read review
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
High leverageSignals
Regulations
CNMV, FCA UK, KNF +1 more
Platforms
xStation
8.28
MT4MT5Copy tradingHigh leveragePAMM
Regulations
CIMA, CySEC, FCA UK
Platforms
MT4, MT5
8.10
easyMarkets read review
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
Forex traders in Samoa face a significant capital gains tax of nearly 27%, impacting a substantial portion of their profits that goes to the local government. The precise maximum leverage allowed for retail FX traders is not clearly defined for trusted Forex brokers in Samoa, allowing for flexibility. However, this flexibility can amplify the risks of overleveraged trading, underscoring the importance for local FX traders to consider globally regulated Forex brokers. Additionally, Samoa lacks specific compensation laws for eligible investors in the event of broker insolvency. In summary, while Samoa holds promise as an appealing destination for FX trading, prioritizing brokers regulated by respected global entities is a prudent choice to ensure utmost safety throughout FX trading endeavors.

FAQs about Samoa