Is forex trading legal in sri lanka

Is forex trading legal in sri lanka

21/10/ · transactions relating to forex trading on behalf of a person in, or resident in Sri Lanka. • In this context, engaging in forex trading by a person in, or resident in Sri Lanka is a violation under the provisions of FEA. • CBSL may take actions against both parties who encourage the public to engage in such forex transactions and persons who engage themselves in such transactions, in terms of FEA. The public is strongly advised to refrain from engaging in such unauthorized forex trading Legal background of the Forex Trading in Sri Lanka About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features © There are many legal and practical barriers if you (an individual) are to convert local currency (LKR) to foreign currency in order to trade forex as per the terms of the Foreign Exchange Act No of Here is a notice from Central bank of Sri Lanka issued in K views. ·

In Which Country Forex Trading is Legal? - Forex Education

Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly. Is Forex Trading in Sri Lanka Legal? It is totally secure and legal for any Sri Lanka to trade Forex. Every Sri Lanka Forex broker listed in our top 5 is regulated by an authority such as the Securities and Exchange Commission of Sri Lanka and is respectful of the law. We will never send you to any Forex broker that is illegal in Sri Lanka.

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We are diligent in our tests of Sri Lanka Forex trading company offerings. Note: If you are is forex trading legal in sri lanka in Sri Lanka change to the right version of our site. List of all Sri Lanka Forex Broker Reviews.

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Is Forex Trading Legal in Sri Lanka? Get the Details

However, in Sri Lanka, forex trading is not a legal thing. According to the Exchange controller department of Sri Lanka, it is a punishable offence to engage in forex tradingunder the provisions of section 5 (1) and 7 (a) of the Exchange Control Act. views It is totally secure and legal for any Sri Lanka to trade Forex. Every Sri Lanka Forex broker listed in our top 5 is regulated by an authority such as the Securities and Exchange Commission of Sri Lanka and is respectful of the law. We will never send you to any Forex broker that is illegal in Sri Lanka 75 rows · Forex in Sri Lanka. The Central Bank of Sri Lanka allows foreign exchange trading only