Most Trusted BDL Regulated Forex Brokers In Lebanon 2018.
Standard Bank is a leading provider of online Forex trading for investors worldwide. This is a result of competitive pricing, good liquidity and a range of more than + different forex crosses. Why trade Forex. Foreign exchange is the most actively traded and liquid financial market in the world. The CIM Banque Forex Platform is a world-class online foreign exchange trading station designed to provide clients with comprehensive market information and a high level of execution. CIM Banque feeds real-time streaming prices into the Forex Platform.
But for Lebanese Forex traders, the regulatory body you need to be concerned with is the Banque Du Liban. It was created in and became fully operational the following year. In Lebanon, the banking sector is possibly a little different than anywhere else in that there are more than different banks. Thereby making the Banque du Liban a very important part of the whole economy. The BDL has some very specific goals including:. The BDL has been given its powers by law, along with the privileges required to fulfill those roles in respect of exchange rate stability.
It is able to intervene in the foreign exchange market by buying and selling foreign currencies. It is able to control bank liquidity by making adjustments to discount rates, participating in the open markets, and also by determining credit facilities to banks and financial institutions. It does this by imposing a credit ceiling, directing credits for specific purposes or sectors and generally governing credits.
BDL regulated brokers are granted a license by the Banque du Liban, as well as banks, money dealers, financial institutions, leading companies, mutual funds, and other types of brokerage firms.
The Forex trading industry has expanded in a huge way, and nowadays there are a large number of brokers to choose from. Unfortunately for you, not all brokers are cut from the same cloth.
For some new brokerage firms, the only goal is to take your money, preferably as much of it as possible. Whereas there are a number of reliable and trustworthy brokers who want to make your trading experience as enjoyable as possible. Generally, the most reliable and trustworthy brokers will be licensed and regulated by a regulatory body. And this applies wherever you may be in the world. However, the fact a broker is regulated by a regulatory agency is not the be all and end all.
Regulation is not enough on its own. What also has a bearing is where the regulatory body is based and the stability of the country. The main reason for opening a trading account is to secure your capital and earn a good return. Your initial capital plus any additional profit will accumulate in the country you have chosen to trade in. There is possibly no worse scenario than waking up one morning and finding the local government has seized all your funds.
Of course, there a number of countries with much stricter regulatory standards. Reviews of CIM Bank, submitted by you on a broker's profile to help other traders to avoid potential errors in the selection and trade. Stay away from this bank! CIM Banque then asked for various documents, such as bank references etc, rejected my signature on various occasions, held various phone calls etc. So they rejected my request today, June 6, After almost 3 months.
Cim bank is my favorite and only one fx broker. There is no way to compare it to any other company. I have options for hedging positions, scalping and many additional features for trading.
Whatever your trading experience is, you can trade by your own or invest right from your account. PAMM accounts are available for small and big volumes of investment. Broker provides all monitoring tools, capital allocation, and detailed statistics of each trader you can invest to. I'm fully satisfied of my own performance. In addition, this is a Swiss bank and no doubts I have the most protected funds on account. This is an excellent company for trading in any market and a particularly great broker for trading FX market.
The founders have done an incredible job in developing the all features and how to apply them in trading. It is worth to pay any expenses if you want to work with reliable broker like this one.
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In Lebanon, the banking sector is possibly a little different than anywhere else in that there are more than different banks.