Is Forex trading legal in Qatar? Yes. This nation is a big center for online forex trading; many local and international brokers make sure to provide local support in Arabic for citizens "The latest forex report shows that few individuals, companies and institutions in Qatar are trading currencies, commodities and minerals because there is no legislative base or legal system in Qatar regulating this investment It is totally secure and legal for any Qatar to trade Forex. Every Qatar Forex broker listed in our top 5 is regulated by an authority such as the Qatar Financial Markets Authority (QFMA) and is respectful of the law. We will never send you to any Forex broker that is illegal in Qatar. Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly
Online forex trading in Qatar needs to be regulated: Expert
Sameh Saeid Doha Several Qatari citizens and expatriates were investing in online forex trading through certain brokerage companies that are not registered in Qatar or do not fall under the scrutiny of the Qatar Central Bank QCBsaid stock market expert Abdullah Abd Tawab.
A Qatari investor at Qatar Stock Exchange, Mohamd Hadas, said he had been avoiding trading in forex because of the lack of legislations covering this segment in Qatar. Also, he said he was not sure if Sharia permited trading currencies. For all of these issues, I find trading in the stock exchange easier as it is more secure for Qatari investors," he noted. Another Qatari investor in the stock market, Rashid Saidi, said he traded in forex, and he got a small profit, but he did not prefer it because of the absence of a legal umbrella to protect investors like him.
He cautioned that some of the global brokerage firms, which dominate the electronic currency market in the world, could fool Qatari investors. However, every person who wishes to enter the field of currency trading electronically, should be careful to follow all the information that positively or negatively affect the price, and be a good observer of global economic and political events," he explained.
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Is Forex trading legal in Qatar? Yes. This nation is a big center for online forex trading; many local and international brokers make sure to provide local support in Arabic for citizens "The latest forex report shows that few individuals, companies and institutions in Qatar are trading currencies, commodities and minerals because there is no legislative base or legal system in Qatar regulating this investment It is totally secure and legal for any Qatar to trade Forex. Every Qatar Forex broker listed in our top 5 is regulated by an authority such as the Qatar Financial Markets Authority (QFMA) and is respectful of the law. We will never send you to any Forex broker that is illegal in Qatar. Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly
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