Online Forex trading in Monaco is legal and operates within a rigorous regulatory framework aligned with European and international standards. The Financial Activities Supervisory Commission authorizes and supervises credit institutions offering authorized services and management companies, ensuring compliance with regulations in the interests of transparency and investor protection. Banking activities in Monaco are subject to supervision by the Prudential Control and Resolution Authority under the Monetary Agreement between the Principality and the European Union (1).
Firms wishing to carry out financial activities in Monaco must obtain authorization from the CCAF along with separate authorization from the Government to do business in the Principality. Credit institutions also need authorization from the ACPR, with firms taking the legal form of either a société anonyme monégasque or a branch of a foreign-registered credit institution. The CCAF authorization process requires firms to provide details of shareholders, managers, intended financial activities, resources, delegations of authority, order handling, and procedures for conduct and control of activities (2).
"If you are looking to carry out a financial activity in Monaco, you will need to obtain authorisation from the CCAF, along with separate authorisation from the Government to do business in the Principality."
Monaco's financial center operates within a secure environment that guarantees transparency and attractiveness for the sector. The Monegasque Financial Security Authority combats money laundering, terrorist financing and corruption, while professional certification requirements introduced in 2014 ensure banking and finance professionals maintain high expertise levels. The CCAF issues decisions on authorization applications within six months of receiving complete applications, with no charge for authorization from the CCAF (2).
Source:
https://www.monacoforfinance.mc/en/regulatory-environment/
https://ccaf.mc/en/authorised-firms/carrying-out-a-financial-activity/formalities/
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
