5 Best Forex Brokers in Cambodia [year,month] - Forex Trading in
Best Forex Brokers in Cambodia
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Affiliate DisclosureDailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Christopher Lewis
ASEAN (Association of Southeast Asian Nations) member Cambodia is an emerging growth market for Forex brokers. With a population exceeding 16.5 million and tourism being a core pillar of its high-growth economy, Forextransactions are commonplace across Cambodia. Do you trade with the most competitive Cambodian Forex brokers? We look at the options available in our Forex trading in Cambodia review below.
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Proprietary copy trading service and mobile app
Excellent choice of currency pairs & competitive trading conditions
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Low trading fees & swap-free Forex trading for all traders
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Reasonable commission-free costs & high leverage with negative balance protection
Quality education for beginner traders & cutting-edge trading tools
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Upgraded MT4/MT5 trading platforms & maximum leverage of 1:1000.
Swap-free Forex trading for all clients & ultra-fast order execution without requotes.
Exness ranks at the top of our Forex trading in Cambodia list as it maintains an excellent mix of regulation and competitive trading conditions, transparency, safety, and low costs. Exness is also a Hong Kong-based Financial Commission member, which includes a €20,000compensation fund.
The Standard accounts have no minimum deposit requirement, but Cambodian resident Forex traders should consider the Pro account from a minimum deposit of $200 due to cheaper trading costs it affords. Besides MT4/MT5, traders can also use the proprietary Exness Trade App for Android and iOS devices. The Exness Social Trading service complements embedded MT4/MT5 solutions, and traders can fund their accounts using cryptocurrencies as a deposit option.
Pros
Excellent
24/7 multi-lingual customer service
Multi-regulated
broker with excellent order and volume statistics
High
level of transparency and financial audits by Big Four accountancy Deloitte
Instant
withdrawals from a trusted broker with numerous payment processors
Eightcap is an outstanding choice for Cambodian-resident traders who seek cutting-edge trading solutions. MT4 traders benefit from Capitalise AI, which allows algorithmic trading in a code-free environment. MT5 traders get the FlashTrader plugin and cryptocurrency traders Crypto Crusher. The AI-powered economic calendar offers news traders an edge, and algorithmic traders get VPS hosting for low-latency 24/5 Forex trading. Therefore, Eightcap ranks amongst the most competitive brokers on our Forex trading Cambodia list.
Copy traders can use the embedded MT4/MT5 services, while Eightcap connects social traders to the active TradingView community with 50M+ traders, and Eightcap Labs caters to beginners.
Pros
Low minimum deposit and high leverage of up to 1:500
Competitive cost structure
Excellent technology infrastructure and seasoned management team
A commission-free broker with a proprietary copy trading service.
OctaFX, featuring 21M+ opened accounts, is attractive as a broker due to its proprietarycopy trading service, for which it developed a user-friendly mobile trading app. Traders also benefit from a competitive commission-free cost structure and swap-free trading for all traders, making OctaFX one of the cheapest Forex brokers on our Forex trading in Cambodia list. OctaFX offers traders a choice between the popular MT4/MT5 trading platforms and upgrades the functionality with the Autochartist plugin, which requires traders to unlock via the Status Program.
Cambodian-resident traders get a 50% deposit bonus, and OctaFX ranks among the brokers with the highest overall bonus fund payouts, exceeding $31M, as they are withdrawable.
Pros
Quality educational tools
and generous bonuses
Low minimum deposit and high leverage
Proprietary copy trading
service and status program for improved conditions
Highly regulated, choice of fixed or floating spreads
AvaTrade established itself among the most trusted brokers globally and landed on our Forex trading Cambodia list for its choice of trading platforms. Besides MT4/MT5, Cambodian traders can use the proprietary WebTrader, AvaOptions, and AvaTradeGO for mobile traders. The Guardian Angel MT4/MT5 plugin provides traders with instant feedback, helping them refine their strategies. Services by Trading Central are available via WebTrader and AvaTradeGO.
Capitalise AI allows traders to engage in algorithmic trading in a code-free environment, while Ava Social and DupliTrade cater to copy traders, complementing embedded MT4/MT5 solutions. Ava Protect offers a unique fee-based insurance policy against losing trades.
Pros
High-quality educational offering via SharpTrader
Excellent choice of trading platforms catering to various trading needs
Broad asset selection and cross-asset diversification opportunities
Well-regulated and trusted broker with oversight from a central bank
Exception range of assets + negative balance protection
XM landed on our Forex trading in Cambodia list due to its recent introduction of ultra-low accounts, which offer swap-free trading on select assets. It complements the overall competitiveness XM delivers in its well-regulated trading environment. XM also presents quality education and research for beginners. Traders also get six custom indicators for MT4/MT5, and the MT4 Multiterminal caters to traditional asset management services.
The XM loyalty program rewards active traders, and XM has generous trading bonuses. With a $5 minimum deposit, XM ensures it is accessible to all traders, and its commission-free trading fees rank among the most competitiveindustry-wide.
Pros
Outstanding trading tools and loyalty program
Low minimum deposit, high leverage, and competitive trading cost
Excellent research and education
Trustworthy and transparent with generous bonuses and incentives
The regulator of the Cambodian financial sector, including the Forex market, is the Securitiesand Exchange Regulator of Cambodia (SERC). Its principles follow those of more mature market regulators, but Cambodia has few domestic Forex brokers, and the 15 local banks and 30 overseas banks handle the bulk of Forex transactions.
The National Bank of Cambodia (NBC), which has 22 branches, manages monetary and exchange policies, regulates banks and financial institutions, and controls the national currency, the Cambodian Riel KHR.
While Cambodia modernized its financial system, many unregulated Forex brokers remain, posing a capital risk and promoting scams. The problem is made worse by the lack of education concerning finance, especially Forex trading. The brokers from our Forex trading in Cambodia reviewcomply with their regulators and provideeducational content to help beginners start with Forex trading in Cambodia.
Choosing the Right Forex Broker in Cambodia
Traders have various requirements based on their strategies, but all competitive Forex brokers share core attributes, as listed in our Forex trading in Cambodia checklist.
A clean regulatory track record spanning 10+ years
A choice of low-cost payment processors
How to Start Trading Forex in Cambodia
Mastering trading psychology is a critical aspect that separatesprofitable traders from those who struggle. It involves learning to manage emotions such as fear and greed, maintaining discipline, and effectively dealing with losses. Traders must navigate through various market conditions while sticking to their trading plan. Developing emotional control, practicing risk management, being patient and disciplined, learning from mistakes, adapting to market changes, and utilizing psychological tools are essential elements in achieving trading success. However, it's important to recognize that mastering trading psychology is a gradual process that requires an investment of time and a commitment to personal growth.
Here are additional tips for your Forex trading journey:
Evaluate copy trading signal providers in demo accounts for several months.
Deploy appropriate risk management.
Allow your trading plan to develop for a few months before adjusting it.
Keep a trading journal to help you shorten your learning curve.
Have realistic profit expectations and avoid weekly or monthly targets.
Trade what opportunitiesthe Forex market gives you and don’t try to force trades you have low conviction in
Develop a deposit plan consisting of smaller monthly deposits.
Increase your mental strength via regular workouts and a healthy diet.
Trade from a quiet, clean location
Forex Trading Platforms in Cambodia
With close to 100% mobile penetration in Cambodia, most traders require user-friendly mobile apps that offer support for copy trading, which is one of the most popular Forex trading strategies. All brokers from our Forex trading in Cambodia list offer the MT4 mobile app, and MT4 has an embedded copy trading service. Most also have proprietary mobile apps that provide a better user experience and integrated copy trading services.
Cambodian Forex traders with algorithmic trading solutions or EAs will benefit from the versatile MT4 desktop software version, which remains the leading Forex trading platform globally. Alternatives consist of MT5 and cTrader.
Forex Payment Methods in Cambodia
All Forex brokers offerbank wires and credit/debit card deposits, which allow Cambodian Forex traders to make deposits in their local currency, the Cambodian Riel. They shouldfactor in possible currency conversion fees, as international Forex brokers do not offer the Cambodian Riel as an account base currency.
Many consumers prefer online payment processors in Cambodia, where ASEAN banks enjoy a dominant position. Most Forex brokers do notoffer these as options, given the costsassociated with implementing them when considering the potential transaction volumes and profit potential. Skrill emerged as a viable choice, followed by PayPal for Cambodians with a foreign bank account. Therefore, our Forex trading Cambodia review determined that cryptocurrencies could fill this void for many Cambodian Forex traders especially since roughly 75% reside in rural areas.
Risks of Forex Trading in Cambodia
Forex trader’s resident in Cambodia face identical risks as traders from well-established markets, as the basic nature of the decentralized Forex market does not changebased on the geographic location of traders.
Our Forex trading in Cambodia review revealed the following primary risks to Forex traders in Cambodia:
Failure to dedicate sufficient time to in-depth education before funding live Forex accounts.
Unlicensed brokers, fraud, and trading frauds
Unrealistic profit expectations
Insufficient trading capital
Excessive risk-taking amid misuse of leverage with inadequate risk management
A poor trading mentality leading to often having no real strategy.
Lack of respect for Forex trading and not treating it as a high-skilled profession
Bottom Line
Cambodia is an emerging Forex market with excellent growth potential, as confirmed by our Forex trading Cambodia analysis. Mobile trading remains the favored method to access the Forex market, with copy trading the preferred strategy, followed by social trading.
The lack of adequate education is the dominant issue, which results in some Cambodian Forex traders falling victim to scams, and the Cambodian market attracts manyunlicensed domestic brokers. Therefore, Forex traders in Cambodia should steer towards well-regulated offshore brokers to give themselves the best chance of success.
FAQs
Can you trade Forex in Cambodia?
Yes, Cambodian residents can trade Forex but should consider well-regulated Forex brokers, given the elevated level of scams and unregulated domestic Forex brokers.
What is the best broker in Cambodia?
The choice of the best Forex broker in Cambodia depends on individual preferences, but it should include low trading fees and a trustworthy operational history spanning 10+ years.
Is Cambodia a free trade country?
Cambodia has signed numerous trade agreements, including bilateral ones, with its partners and is a member of ASEAN.
How can I open a trading account in Cambodia?
All Forex brokers who accept traders from Cambodia have a short online application form. Account verification is mandatory to comply with global KYC/AML regulations, and Cambodian Forex traders should avoid all brokers who do not ask for it.
Is Forex trading legal in Cambodia?
Yes, Forex trading is legal in Cambodia and is regulated by the SERC.
Can you make money with Forex trading in Cambodia?
The Forex market offers every trader the opportunity to make money, but the ability depends entirely on the individual. Up to 90% of traders fail to earn money from Forex trading, as most make the same mistakes.
Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.
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