Stock broker for Kazakhstan, trading on Forex and stock exchange
Not so long ago, Kazakhstan remained one of the few states in the post-Soviet space that maintained a fairly loyal attitude towards stock brokers.
But all good things come to an end, and in July 2022, a number of laws appeared that regulate the activities of financial organizations that provide access to stock and currency exchanges.
Now, in order to operate in Kazakhstan, a broker will need to have a special license and a certain amount of capital.
After the changes introduced, many site visitors have a question: What has changed for residents of Kazakhstan and what approach should be used when choosing a stock broker.
First of all, I would like to note that residents of Kazakhstan are very lucky that their country adheres to neutrality in the military conflict between Russia and Ukraine. And almost all brokerage companies continue to work with Kazakh citizens.
Choosing a stock broker for Kazakhstan
If we talk about how changes in legislation affected the activities of brokerage companies, then only one thing can be noted - they closed offline representative offices.
That is, the entire process of registration, concluding contracts and replenishing trader accounts has moved online. You, since before the change in legislation, have the opportunity to open an account with an international brokerage company and get the opportunity to trade on world exchanges.
If the only foreign language you know is Russian, then you should pay attention to ensure that the broker has Russian-language support.
I can personally recommend the following brokers for traders from Kazakhstan:
Alpari ( www.alpari.com ) is today the largest broker in Europe and Asia, loyal to clients from post-Soviet countries:
Typically clients choose this broker for:
Low spreads – especially for currency pairs and cryptocurrencies, the average spread for liquid assets is 0.5-0.7 points.
Suitable for scalping - there is no minimum time limit for transactions, and you can also trade in large volumes.
Deposit and withdrawal - in addition to the classic options for replenishing your account and withdrawing funds, you can also use about 50 cryptocurrency options.
Amarkets ( www.amarkets.org ) is not as well-known as the previous broker, but it is quite a noteworthy company; it can also be called a suitable broker for Kazakhstan:
Over 15 years, Amarkets has entrusted their funds to more than 1,000,000 clients; among other things, the broker is The Financial Commission, which guarantees a payment of 20,000 euros in the event of bankruptcy.
What I personally like is the ability to trade with advisors, a fairly large selection of assets, protection against negative balance and high-quality customer support. The disadvantages include the lack of a cent account and an initial deposit of $100, but you can start trading on an ECN account with only $200.
The companies mentioned above are today the best choice for clients who are residents of Kazakhstan; they have no restrictions on working with traders from the CIS countries.