Online Forex trading in Liechtenstein is legal and operates under comprehensive regulation administered by the Financial Market Authority Liechtenstein. Asset management companies providing investment services including portfolio management, investment advice, and execution of orders in financial instruments must obtain a license from the FMA before commencing business activities. The Asset Management Act governs the taking up, exercise, and supervision of these activities and serves to protect clients and secure confidence in the Liechtenstein financial centre (1).
Liechtenstein's regulatory framework is aligned with European standards through its membership in the European Economic Area. The FMA supervises capital-market-related activities both in and outside of Liechtenstein, acting as an important interface between financial intermediaries and the European Securities and Markets Authority. Market participants must comply with various transparency, notification and conduct requirements based on financial market regulations including MiFID II, EMIR, and market abuse provisions (2).
"The Financial Market Authority (FMA) Liechtenstein supervises capital-market-related activities in and outside of Liechtenstein. The FMA occupies a central role in relation to reporting and notification requirements and acts as an important interface between financial intermediaries and the European Securities and Markets Authority."
Asset management companies must meet stringent licensing conditions including maintaining registered and head offices in Liechtenstein, demonstrating sound organizational structures, appointing qualified senior management, and providing proof of sufficient capital. The regulatory framework ensures that professional and personal qualities of management guarantee sound business operations, while appropriate procedures protect clients and maintain market integrity. Licenses issued by the FMA are valid throughout the EEA, allowing companies to provide investment services across all member states (1).
Source:
https://www.regierung.li/files/attachments/vvg-250201-en.pdf
https://www.fma-li.li/en/financial-intermediaries/asset-management-and-markets-division/markets
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
