Forex trading is legal and regulated in Georgia under the supervision of the National Bank of Georgia (NBG). The country has established a comprehensive regulatory framework to oversee foreign exchange activities, ensuring proper licensing and supervision of forex brokers operating within its jurisdiction (1). Since 2018, significant regulatory reforms have been implemented to bring Georgia's forex market in line with international standards and protect investor interests.
The National Bank of Georgia serves as the primary regulatory authority for the forex market, responsible for issuing licenses to legitimate brokerage firms and investment companies while monitoring their activities (2). Under current regulations, only licensed brokerage companies are eligible to act as intermediaries and carry out forex trading activities in Georgia. This regulatory approach ensures that forex traders have access to properly supervised and authorized trading platforms.
"Only licensed brokerage companies are eligible to act as intermediaries and carry out forex trading activities. The National Bank performs various activities that include providing licenses to market participants and supervising their activities."
The regulatory framework in Georgia also accommodates Islamic forex trading, making it accessible to traders who require Sharia-compliant trading accounts. Foreign exchange trading is considered an integral part of Georgia's import, export, and investment activities, both nationally and internationally. Traders operating in Georgia must ensure they work with NBG-regulated brokers that provide adequate investor protection, negative balance protection for retail accounts, and reliable risk management tools to maintain compliance with local regulations.
Source:
https://nbg.gov.ge/en/page/capital-market-supervision
https://georgiatoday.ge/the-legality-of-forex-trading-in-georgia/
Last updated: 01-06-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
