Your guide to trading with top brokers in Cambodia

With the introduction of new technologies, Forex trading became available in places where it was previously unheard of. Among such places is the Kingdom of Cambodia, where the authorities, despite the relative newness of the market, are already working towards the implementation of an overarching regulatory mechanism.

Cambodia occupies the southern portion of the Indochina peninsula. The county occupies a total territory of 181, 035 square kilometers, and borders Vietnam in the east, Laos in the northeast, and Thailand in the northwest. The population of Cambodia is estimated at 15 million people, and a large chunk of it consists of more than 33 different ethnic groups and hill tribes.

Although the per capita income of Cambodia is significantly lower than that of the neighboring countries, the Cambodian national economy is still considered to be one of the fastest developing economies in the region of Southeast Asia, with the growth averaging 7.6 percent over the last decade.

In this guide, we will have a closer look at the state of the country’s national economy and how can you, as a trader, appreciate it. On top of that, we will examine the main regulatory institutions operating in the country, as well as the trading platforms and payment methods that you will be able to access in Cambodia. Finally, we will provide you a complete top Forex brokers list, that you can use to find a brokerage to sign up with.

Who are the best Cambodian Forex brokers?

Although overall, the field of Forex trading can be a positive experience ( especially if you have long been interested in this market), there is one procedure that is usually dreaded by both the beginners and the experienced traders alike – the process of choosing a brokerage to sign up with.

As the market is overflown with the number of brokers offering their services, one might find such a variety a bit overwhelming. Moreover, as the number of Forex brokers is growing, so is the number of scam schemes disguised as legitimate brokerages. Thus, in order to make sure that you and your money are safe at all times, you should be prepared for hours upon hours of extensive research and careful fact-checking.

Knowing just how complex and stressful this process can be, we have decided to extend a helping hand, and examine the options at the Cambodian market ourselves. Our team of experts researched the Forex trading brokers in Cambodia and came up with a complete list of only the best of the best, which you can find below.

XM Group

XM Group Forex Review

Minimum deposit




Maximum leverage


US Clients



An in-depth review of Exness Forex broker

Minimum deposit




Maximum leverage


US Clients


IQ Option

IQ Option Review – can the broker be trusted?

Minimum deposit

10 USD



Maximum leverage


US Clients



EagleFX Review – Is it worth your time and money?

Minimum deposit

10 USD



Maximum leverage


US Clients



RoboForex Broker

Minimum deposit




Maximum leverage


US Clients


What is the Cambodian national economy like?

Before discussing the field of Forex trading in Cambodia, let us first have a closer look at the country’s national economy. According to the recent estimates, the GDP of Cambodia only reaches 26,628 billion USD, and a GDP per capita of 4, 645 USD. As mentioned earlier, such numbers are quite low compared to the other countries in the region, although it does not mean the country’s economy is struggling altogether.

The United Nations designates Cambodia as the world’s least developed countries, however, according to the International Monetary Fund, the country is among the world’s top ten countries with the highest annual growth rates.  Moreover, two consequent decades of consistent economic growth resulted in Cambodia becoming the world’s leader in poverty reduction.

Some of the country’s major exports include fish, timber, rice, and garments. The textile industry represents the largest portion of the country’s manufacturing sector, and it is currently accounting for 80% of the country’s total exports. As mentioned earlier, rice is the country’s principal commodity, and the secondary commodities include soybeans, dry beans, maize, cassava, sweet potatoes, and groundnuts. The second most important commodity of Cambodia is rubber, which has once been one of the sources of the country’s foreign exchange.

One can, therefore, see that despite the fact that the country still has a long way to go until the national economy is stabilized completely, its current state is already quite promising. On top of that, the variety of commodities in this country means that by trading with the best Cambodian Forex brokers you can keep your trading profile sufficiently diverse.

What is the national currency of Cambodia?

The national currency of Cambodia is the Cambodian riel, coded as KHR. The KHR is actively used in the rural areas of the country, but the USD is also quite popular in Cambodia. However, the currency is not very popular with the Forex traders, both within and outside of the country.

The main reason behind this is the fact that the Cambodian riel is falling into the Exotic currency category, which means that it is more subjected to volatility and higher risks. Professional traders often recommend that the beginners should stay away from the Exotic currency pairs, and resort to trading Major currency pairs instead. The latter include USD/EUR, GBP/USD, and USD/JPY.

The KHR is usually traded in a pair with the USD. If you are confident in your trading skills and wish to try yourself in trading KHR, we recommend that you look for the best Forex broker in Cambodia that accepts payments in this currency. This way you will be able to avoid losing money on high commission fees and exchange rates.

How is the Cambodian FX market regulated?

The regulatory mechanisms over the local Forex market have only been introduced in 2016. Until then, the field of Forex trading in Cambodia was simply not regulated at all. As of right now, the main regulatory functions, as well as the licensing of the Cambodian brokers are performed by the Securities Exchange Commission of Cambodia (SECC).

There two main criteria that the Cambodian Forex brokers in 2021 have to meet in order to be eligible for the SECC license. First of all, a broker should have a security bond – an equivalent of 15% of their capital. Moreover, a brokerage has to maintain a minimum operational capital of 250,000 USD at all times, and provide proof of it whenever the SECC deems necessary.

The latter measure is often implemented by some of the most reputable brokerages across the world. The reasoning behind it is quite simple – it is not safe for a trader to sign up with a brokerage that operates on the verge of bankruptcy, and have their funds under threat of being frozen or lost completely at any moment.

Is it safe to trade Forex in Cambodia?

Unlike many other countries in the region, Cambodian authorities have made some steps towards making the local Forex trading market safe for all its participants. Nevertheless, the existing regulations do not guarantee that you will never come across a fraud scheme disguised as a legitimate broker.

There are a few simple steps that you should take in order to ensure the safety of you and your funds in the future. First of all, you should only join one of the regulated Forex brokers in Cambodia. If a broker possesses a license from a reputable regulatory authority, you can be confident that in case of any misunderstanding or illicit activities against you, the relevant body will step in on your behalf.

Many Cambodian traders are wary of joining the interantional brokerages that offer their services in the country. However, it is not unsafe at all, so long as the brokeeage that you are signing up with is licenced by a reputable regulatory authority – such as the Cyprus based CySEC, German BaFIN or UK’s FCA.

Finally, you shoud also keep in mind that the information that the broker discloses at their webiste is not neessarilu accurate, thus, you should always contact the relevant regulatory authorty directly and make an inquiry about each individual the brokerage that you are interested in joining.

Which trading platforms do Cambodian Forex brokers use?

Trading platform is one of the most important components of your future trading success, as it will ultimately define how exposed you are to the various trading assets and how quickly and efficiently will your orders be executed. Thus, the trading software that a broker uses is definetely something to pay attention to when looking through the list of best Forex brokers in Cambodia.

There is a variety of trading software pieces that you can choose from in Cambodia. Some of the most popular onces include cTRader, MetaTrader 4 and MetaTrader 5, but you will also find brokerages that offer a custom-made software available exclusively to their clients.

MT4 and MT5 are currently used by alomos 90% of the brokers from all over the world, and there is a good reason behind it. When this trading platform was first introdued by the Russian company called MetaQuotes in 2005, the trading software has soon won over the brokers from all over the world due to its reliability and a user-friendly interface.

There are several reasons why you, as a beginner, can benefit from using MT4 or MT5 trading platforms. First of all, this software is used by almost every other broker, which means that even if you decide to switch to another brokerage, you will probably be able to avoid learning to use a new trading platform from the scratch.

Secondly, this platform is quite easy to navigate and you will be able to  master it in no time. Finally, the large community of MetaTrader users means that you will always have an access to the educational material and tips on how to make the most out of this best trading platform in Cambodia.

Which payment methods can you use with Cambodian FX brokers?

Earning a profit from you trading sessions is one thing, but holding on it is something completely different. This is why it is so important to figure out the best way  to make a deposit and withdraw your funds and avoid financial losses over the additional commission fees.

In Cambodia, cash is still very popular for the every day transations. However, when it comes to Forex trading, most of the local traders prefer using credit/debit cards and e-Wallets. Morover, there is a large number of local online payment solutions that you will able to use if you join one of the brokerages based in Cambodia. You should, however, keep in mind that local payment methods are not usually accepted by the top Forex brokers in Cambodia, that are based elsewhere in the world.

What are the pros and cons of trading Forex in Cambodia?

If you are still unsure of whether or not you should join the field of Forex trading , it is recommended that you have a closer look at the main advantages and disadvantages of trading Forex in Cambodia. Forex trading is risky financial enterprise, and you should make sure that you are fully informed before you make the final decision of whether or not you should do it.


  •  The country’s economy is developing fast, and has a lot to offer to the local traders
  • The local FX market is relatively safe and regulated


  • The national economy is not yet sufficiently stable
  • The local market is still not completely safe, and there is a high chance of you coming across a fraud scheme

Final thoughts on best online trading platforms in Cambodia

As mentioned earlier, Forex trading in Cambodia is still relatively new, however, local authorities are aleady doing everything in their power to facilitate the further growth of the Cambodian Forex market. The existing regulatory measures are already aimed at making the field of Forex trading as safe as possible for all the parties involved.

Nevertheless, you should also remember that the Cambodian Forex market is not yet completely safe. If you are are currently based in Cambodia and have long been interested in building a career as a Forex trader, we recommend that you do so, but approach the market with extra care to make sure that you and your funds are safe at all times.