Forex trading has spread rapidly in the Kingdom of Saudi Arabia, and everyone who has a desire to make profits turns to this field, as it is one of the most investment areas through which a person can achieve more enormous financial profits, and given the large number of people who want to work in this field and the demand for it The number of companies working in this field has increased dramatically, causing many people to become confused.
And it became one of the most important questions that are asked, what are the best licensed trading companies in Saudi Arabia, and what are the criteria based on which the company is selected, and in this article we will save you the time and effort that can be wasted in searching for the best companies working in the field of trading, We present the best trading companies in Saudi Arabia, in addition to displaying the most important criteria on which these companies are based.
The best licensed trading companies in Saudi Arabia
The field of trading has become one of the most popular fields in Saudi Arabia in recent years, and it is one of the most frequented fields by people because of their desire to work in it because of the profits that everyone who works in this field obtains, but many traders may get confused in knowing the difference between Licensed trading companies in Saudi Arabia And between the trading companies that work in this field to seize the money of the traders and they are from the fraudulent and fraudulent trading companies, so you have to make sure of the credibility of the trading companies before you start contracting with them and start trading and put your money in them.
- The field of trading is spreading all over the world very quickly, and it is accepted by many who want to make profits, and the volume of trading per day in one of the global trading markets has reached 7 trillion US dollars, which means that it is making huge profits every year, and this field is still in the spreading stage all over the year.
- Anyone can enter this field with a simple capital, later he will return to it with huge profits, and the size of the capital will increase in a short period of time, and this field has many advantages, it is better than the traditional trading markets, and one of its most important features is to get rid of centralization, And other features that we will talk about in the next lines.
- Some trading companies have appeared in Saudi Arabia that offer a lot of special offers to investors to attract them and to make profits.
What are the most rumors circulating about licensed trading companies?
Success in the field of trading is like any success in any other field or investment, it can face a lot of rumors among many people, and as usual, these rumors are unfounded, and one of the most circulated rumors is that the activity of digital trading is one of the activities of others It is safe, and therefore this field is not recognized in the State of Saudi Arabia.
- But in fact, most of the Saudi trading companies are companies approved by the most famous and reputable financial regulatory bodies in Europe and Australia, and most of the Saudi companies are international companies and are officially approved.
- Also, the State of Saudi Arabia imposes huge taxes on investors and traders in the event that their capital reaches a certain amount of profits resulting from investing in trading, and this is evidence that the State of Saudi Arabia officially adopts these companies, and depends on working in forex trading and investing in trading, and this indicates On that financial transactions in this area. Legal transactions and not prohibited as some believe.
What is the responsible oversight of the trading markets?
The Central Bank of Saudi Arabia supervises all financial transactions in the digital trading market through the Financial Markets Supervision Department, with the aim of:
- Working to protect investors and traders by activating the principle of transparency in working in this field, as well as credibility and effectiveness.
- Preserving the reputation of the State of Saudi Arabia in the field of trading as one of the major financial centers in the world as a whole.
- Regulating work and financial transactions that take place within the capital markets in the State of Saudi Arabia.
- Ensuring that the regulations and rules set by the Central Bank of Saudi Arabia in order to regulate transactions in the trading markets are implemented or not.
What are the criteria for selecting the best licensed trading companies in Saudi Arabia?
In order for a person who wants to invest his money in the field of trading to choose the best licensed trading companies in the State of Saudi Arabia, he must choose the company that meets some basic criteria, the most important of which are:
- Leverage The special criteria used by the company, as this criterion is considered one of the most important basic criteria in the company for everyone who wants huge financial profits, because this criterion is responsible for increasing the purchasing value of the capital, and thus the profits that result from the trading process increase.
- Find out if the brokerage company provides an Islamic trading account that does not add any interest-based profits to everyone who wants it or not.
- It is important what level of service provided by customer service personnel, and this is not accidental, but rather it is important to ask about these matters, as customer service plays a major role in helping customers, providing advice to them and answering all inquiries and questions that are difficult for traders.
- It is important for the person wishing to enter this field to choose the company that has a global trading platform that is famous in the field of trading such as the MT5.
- It is important for the investor to know when he chooses the company the commissions that are charged by the company in every trading transaction, and it is important for the investor to know the price differences, and financial transaction fees.
- Choose companies that have many styles of dealing with available financial habits.
- Choose companies that have newsletters, indicators and charts and have many advanced and effective tools for the analysis process.
Anyone who wants to get acquainted with the best licensed trading companies in Saudi Arabia, and to learn about the criteria by which they can be compared between companies, can use the Internet to identify all this information and more, as there are many sites that have a lot of information and details about the field of trading throughout The world, information about trading companies and how to achieve profits, and some details about the financial transactions that take place, and it is recommended to do all the information in that field because it will benefit the investor later.
What are the types of Saudi trading accounts?
In Saudi Arabia, there are many types of trading accounts, which are provided by many trading companies, and most of these accounts are used only by the best licensed trading companies in Saudi Arabia, and these companies provide some trading accounts such as trading accounts Micro and accounts Standard and accounts VIP
- One of the most important criteria to be set during the differentiation process between financial brokerage companies in the State of Saudi Arabia is to know the types of accounts available in the company for the traders contracting with it.
- The percentages of investor support in trading companies differ from one account to another, and the amount of deposits in each company varies from one account to another.
What is meant by taxation in the field of trading?
The field of trading in the state of Saudi Arabia is one of the areas subject to tax, and that is why the Saudi state imposes taxes on the best licensed trading companies in Saudi Arabia.
- In this field, when the size of the capital reaches a certain amount, and this does not mean that it does not impose it on the rest of the companies, as all companies in this area are subject to tax, and it is also imposed on the profits of various trading operations when it reaches a certain limit.
- Investors must send a tax return to the concerned authorities every year about their trading activity and the profits they achieve, and they must consult a tax expert to avoid any legal accountability.
What are the regulatory bodies in the field of trading?
It is certain that everyone who wants to enter the field of trading, and wants to deal with a particular company, checks whether that company is guaranteed, licensed or approved or not, and the lack of interest in that information that is subject to fraud and deception may lose a lot, so the investor Searching for a company that has been approved by more than one global supervisory authority, and among the most important global supervisory bodies:
- Securities and Investment Authority ASIC
- British Financial Conduct Authority FCA
- Financial Markets Steering Authority MifID
For more information about the regulatory bodies in the trading market, you can contact the Arab Investors Union website to examine and detect fraudulent trading companies.
How to open an Islamic trading account for traders with trading companies in Saudi Arabia?
- Some of the traders may wonder whether there is a possibility to open an Islamic trading account in the state of Saudi Arabia or not, and it has become clear that the state of Saudi Arabia has allowed the opening of this type of Islamic trading account for the investors who wish to do so.
- The investor can also deal with the best licensed trading companies in Saudi Arabia that open Islamic accounts, because they are Islamic trading companies, all of these transactions are legitimate.
In the end, dear reader, you should know that there are many investment areas through which a lot of financial profits can be achieved, and the best of these areas is the field of trading in forex or digital currencies, and in order to ensure the gain, you must make sure that the contract has been made with one of the The best licensed trading companies in Saudi Arabia, as we learned about the most important criteria that must be taken into account when choosing a company before starting to contract with it online.
Licensed Trading Companies
One of the most important questions that some ask is whether or not all companies that work in the field of trading are documented and licensed.
- Because of the expansion of trading markets all over the world, not only in the State of Saudi Arabia, some undocumented companies seek to deceive investors for the purpose of acquiring their capital.
- The Central Bank of the State of Saudi Arabia has published advertisements warning against dealing with those companies that defraud people, and these questions can be easily identified by knowing whether it is a licensed company or not, and whether it is approved by global European regulators or not. .
- On the other hand, there are the best licensed trading companies in Saudi Arabia that have a good reputation among companies, and can even have a good reputation globally, and these companies can be identified by inferring from them in the list of licensed brokerage companies, and this list can be accessed through websites
To obtain all information related to licensed trading companies in Saudi Arabia, you can contact the . website Arab Investors Union And get a free financial consultation now!