Is Forex Legal In Fiji?

Forex trading is legal in Fiji and operates under the regulatory oversight of the Reserve Bank of Fiji (RBF). The RBF serves as the central banking authority and maintains regulatory control over foreign exchange activities through the Exchange Control Act and subsidiary legislation (1). Individual traders can participate in forex trading through licensed brokers and financial institutions, provided they comply with existing exchange control regulations.

The Reserve Bank of Fiji requires that entities engaged in restricted foreign exchange dealing obtain proper licensing before conducting business operations. Currently, several authorized foreign exchange dealers operate in Fiji, including City Forex (Fiji) Pty Limited, Exchange & Finance (Fiji) Pty. Limited, Fexco (Fiji) Limited, and other licensed entities (1). These licensed dealers provide legitimate channels for forex trading activities within the country's regulatory framework.

"Exchange control is administered by the Reserve Bank of Fiji through the Exchange Control Act and subsidiary legislation. Areas affected by exchange control include transactions in foreign currency, transfer of currency into and out of Fiji."

While forex trading remains legal for individual investors, participants must ensure they work with properly licensed brokers and comply with local exchange control requirements. The RBF does not directly regulate international forex brokers, so traders should verify that their chosen platforms maintain appropriate international regulatory compliance (2). Despite the legal framework, traders should exercise caution and conduct thorough due diligence when selecting forex trading platforms to ensure their investments are protected under applicable financial regulations.

Source:
https://www.rbf.gov.fj/core-functions/financial-stability/licensing/
https://www.trade.gov/country-commercial-guides/fiji-trade-financing

Last updated: 01-06-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.