Forex trading can be done from anywhere with a secure internet connection – which is one of the many reasons why people are so popular. This allows traders to travel and work from another country, however, due to regulations and different lifestyles, some countries are more suitable for forex traders.
InvestinGoal wants to see which countries are best for forex traders, look at countries that are not tax -free, and rank them based on the following criteria:
- The cost of living
- Laki kalaima
- Health care score
- The speed of space
- Hosts
- Road traffic
- Forex solutions
The table below shows the order in which the countries are ranked – for more details on why each country is ranked, you can see the exact location of each.
While most of these countries have a higher cost of living (although this is not a concern for most business people), some countries on this list have a lower cost of living. sale of life – making it an excellent choice for beginners.
Brokers are not always subject to local regulations, for example, no one living in the Bahamas should use a broker that is regulated by their local regulatory body unless otherwise stated – it is important to remember that this.
- Switzerland
Taking first place on this list of the best countries for forex traders to move to Switzerland!
This country has the lowest crime rate of 21.68 out of 100, with all areas having the lowest and lowest crime rates. The health system was even better, with a high score of 74.02. Most importantly for consumers, Switzerland’s broadband speed is extremely fast with a speed of 222Mbps.
Of course, living in Switzerland is very expensive – the price is around 3500 Swiss Francs ($ 3883) per person to live here, which is the fourth most popular country.
When it comes to forex trading here, Switzerland has internal rules that can prevent traders. Trading in this country is regulated by the Swiss Financial Market Supervisory Authority (FINMA) – brokers must be allowed by FINMA to operate in Switzerland.
- New Zealand
The main reason New Zealand ranks second is because of its broadband speed! This country is running at an average of 264.16Mbps.
Forex trading here is regulated by the Financial Markets Authority (FMA) – rules are set to protect traders and give them confidence. The FMA ensures that brokers follow strict guidelines that have been implemented. If the rules are not followed, the FMA can revoke and revoke licenses, increase fees, and impose other penalties. Another requirement for trading in New Zealand is that only FMA -approved customers are allowed to use it – they are known to be safe and secure. The only downside to trading in New Zealand is that it doesn’t have to be fair.
New Zealand ranks middle on this list for the cost of living – at about 3696 New Zealand dollars (£ 2657) a month for a single person to live.
- The United Arab Emirates
The United Arab Emirates (UAE) surprisingly has a lower standard of living than some countries reported – the price is around 9618 UAE Dirham ($ 2618) a month to stay here. The crime rate is low and the UAE is the safest country on the list, with a score of only 15.21 out of 100 – locals are happy to travel day and night.
The lowest point of staying in the UAE is car crime, with an average time of 36 minutes spent driving.
Most brokers in the UAE register in Dubai because it is a private investment center and is home to one of the most respected regulators, the DFSA. Outside of Dubai, investors must seek out buyers regulated by the Dubai central bank or the authority of the UAE federal securities commission, or the Dubai central bank.
Forex trading in the UAE is good because there are high leverage options for professional traders and low leverage for others, reducing the risk for non -professionals. The only real ‘negative’ is that advertising a relationship is illegal – while it’s not a bad thing in itself, people can give it away which can be detrimental to marketers.
- Hong Kong
Hong Kong is the lowest country to live on this list – the price is around 4403 Hong Kong dollars ($ 566) a month for a single person to live. Broadband speeds here are also fast, operating at an average speed of 254.4Mbps. The crime rate in this country is low, with a score of 22.08.
The downside of living in Hong Kong is that it has the worst car out of the world on this list, which is considered to be one of the largest countries in the world. . The average time spent on the same route is 43 minutes.
Forex trading is regulated by the Securities and Futures Commission in Hong Kong (SFC) – they have a good reputation and are one of the top regulators in the industry. The SFC offers low leverage options, reducing risks for traders. The only good thing about forex trading in Hong Kong is that it doesn’t have to have a bad balance sheet.
- Belgium
Forex trading in Belgium is regulated by the Financial Services and Markets Authority (FSMA), a division of the European Securities and Markets Authority (ESMA). ESMA sets the rules and regulations, which local EU regulators must adhere to. The other side of trading here is the opportunity for high leverage for professional traders. The downside of trading here is that you have to be a professional trader to trade forex, which means that the protections of regular EU traders are not required for professional traders which means to end any. brokers have a poor balance sheet on them.
Living in Belgium is at the bottom of this list, costing around € 1571 ($ 1818) a month to stay there. Belgium’s health system is rated at 75.27 – ranking second in the world for health care. There is also a good work-life balance in Belgium, with many tourist and entertainment areas around the country.
The crime rate in Belgium is rated at 45.06, placing them at 12th place for crime – the crime rate has risen in the past three years.
- Oman
Oman is the third selling country on this list – it costs around 591 Omani Riall ($ 1535) a month for a person to live here. The crime rate was also low, with Oman being the second safest country on the list with a crime rate of 20.13.
The health system in Oman is not as good compared to other countries, with a low score of 58.23 out of 100.
For forex trading, not many traders live in Oman. However, the rules are relaxed and the forex market is growing here. Forex is regulated by the Central Bank of Oman and the Capital Markets Authority. The advantages of trading here are ease and high leverage. While high leverage is good, Oman has no limit on leverage that can increase the risk for investors. No negative balance is required.
- Brunei
The Forex market in Brunei has grown exponentially – the number of Forex trades has increased every year over the past five years. Trading here is legal if the traders follow and respect Islamic laws. Of course, forex trading is not regulated which can bring the problem of scammers and shady brokers.
The cost of living in Brunei is low compared to other countries on this list, which is the fourth most affordable country on the list. It costs around B $ 2310 ($ 1703) a month for one person to live here. Brunei has the best health care of any country reported with a high score of 77.
The work-life balance is no better in Brunei with fewer tourist attractions and entertainment venues around the country. In addition, broadband is slow, with an average speed of around 33.94Mbps.
- Singapore
The cost of living in Singapore is high compared to the others on this list – the cost per person is around S $ 5003 ($ 3708) a month. Singapore is also the second worst country in terms of traffic reported, with an average time of 41 minutes used per vehicle.
The best, fastest broadband connection in Singapore, operating at an average of 262.2Mbps. The country was safe, with a low crime rate of 27.87.
Forex trading in Singapore is regulated by the Monetary Authority of Singapore (MAS), which is one of the most important and respected regulators in the country. MAS prevents unregulated brokers from operating there, preventing fraud, corruption and abuse. If MAS brokers are not regulated, they can be banned from the country. There are not many disadvantages to trading in Singapore!
- Monaco
No wonder Monaco is the largest country to live on this list. About € 10,075 a month for one person to live here, which is equivalent to $ 11,674. In addition, work and life in Monaco can be a challenge – there are few tourist and leisure destinations in the country, leaving Monaco at the bottom of the list for this region.
Monaco is a safe country and is the third safest country in the world. The minimum crime rate was 20.82. Monaco is third on the list for the best health care, with a high score of 75.
Finances in Monaco are regulated by the Commission for the Control of Financial Activities (CCAF). Forex is growing without a lot of rules being the best! However, not all Monégasque products are approved by EU suppliers.
- Malaysia
Malaysia is the second lowest country to live on our list, costing around 4227RM ($ 1018) per month per person to live here. The country offers a good work-life balance, with a variety of attractions and fun things to do.
However, Malaysia’s crime rate is higher at 56.74 – crime has risen in the last three years, with serious concerns such as theft and theft, the acquisition of property. theft from cars, crime and theft, corruption and bribery.
Forex trading here is done legally. However, there are many gray areas. The Securities Commission in Malaysia is responsible for Financial Regulation – Forex trading is legal only if it is used by companies and entities that are licensed and regulated by Malaysian law. If the agencies do not agree, the Securities Commission can only advise investors that they are not regulated, there is no security.
You can find more information about the other countries reviewed by InvestinGoal and their rankings here: https://investingoal.com/best-countries-for-forex-trading/
