Forex trading is legal in Kazakhstan and operates under the oversight of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan (ARDFM) (1). The country has established a regulatory framework that governs foreign exchange activities, though it maintains less stringent requirements compared to full brokerage operations. Kazakhstan's financial markets regulation does not classify Forex trading as a heavily regulated financial activity, but still requires compliance with anti-money laundering policies and general regulatory requirements.
The regulatory landscape in Kazakhstan has undergone significant reforms in recent years to modernize the financial sector. In 2019, the responsibility to supervise Kazakhstan's financial sector was assigned to the newly established ARDFM, which succeeded the National Bank of Kazakhstan in many regulatory functions (2). The agency works to ensure market stability while promoting the development of the financial services sector, including foreign exchange trading activities.
"In 2019 the responsibility to supervise the financial sector of Kazakhstan was assigned to the newly established Agency for the Regulation and Development of the Financial Market (ARDFM)."
ARDFM has joined international financial organizations to strengthen its regulatory capabilities and align with global standards. The agency became a principal member of the Alliance for Financial Inclusion in July 2020 and participates in the Eastern Europe & Central Asia Policy Initiative (1). This international cooperation helps Kazakhstan maintain modern regulatory practices while ensuring that forex trading remains accessible to both retail and institutional participants within a controlled regulatory environment.
Source:
https://www.afi-global.org/institutions/agency-of-the-republic-of-kazakhstan-for-regulation-and-development-of-financial-market/
https://www.elibrary.imf.org/view/journals/002/2024/054/article-A001-en.xml
Last updated: 31-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
