If you're interested in trading Forex in Oman, you probably want to know whether or not it is illegal. After all, with your capital at risk, the last thing you want is trouble with the law. Lucky for you, we've researched the legislation, and found that it is 100% safe and secure for you to trade Forex in Oman.
Trading Forex in Oman is supervised by the Capital Market Authority (CMA). It describes its purpose as the following:
"... The core business of the CMA is to Supervise the Capital Market and Insurance Sectors in the Sultanate."1
CMA regulates the "Companies Operating in the Securities field and their agencies".2 Unfortunately, none of the best online Forex trading platforms are licensed by CMA. This is probably because of the high costs and unrealistic requirements they have set for online operators. If you want to trade with low fees and minimal restrictions, you will need to find a trading platform that is regulated somewhere else. CySec, ASIC, and FSC are a few of most common regulators for top Forex platforms.
Now that you have a better understanding of the legality of trading Forex in Oman, it's time for you to choose a trading platform to make an investment with. We have created a list of the top Forex trading brokers for Oman. Have look at that, and feel free to contact if you have any questions or concerns.
Sources:
1. CMA’s Role
2. Entities regulated by CMA
Last updated: 05/30/2017 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
