Stock broker for Kazakhstan, trading on Forex and stock exchange

Until recently, Kazakhstan was one of the few countries in the post-Soviet space that maintained a relatively lenient attitude toward stockbrokers.

But all good things must come to an end, and in July 2022, a series of laws were introduced that regulate the activities of financial institutions providing 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.

Following the changes introduced, many site visitors are wondering: What has changed for Kazakhstan residents and what approach should be used when choosing a stockbroker?.

First of all, I'd like to point out that residents of Kazakhstan are extremely fortunate that their country remains neutral in the military conflict between Russia and Ukraine. And virtually all brokerage firms continue to work with Kazakh citizens.

Choosing a stock broker for Kazakhstan

When it comes to how changes in legislation have affected the activities of brokerage companies, one thing stands out: they have closed their offline offices.

This means the entire process of registration, contract execution, and account funding has been moved online. Just as before the legislative change, you can open an account with an international brokerage company and gain access to trading on global exchanges.

If the only foreign language you know is Russian, you should make sure that the broker has Russian-language support.

I can personally recommend the following brokers for traders from Kazakhstan:

Alpari ( www.alpari.com ) is currently 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, with the average spread for liquid assets being 0.5-0.7 pips.

Suitable for scalping – there is no minimum trading time limit, and you can trade large volumes.

Deposits and withdrawals – in addition to the classic options for depositing and withdrawing funds, you can also use around 50 cryptocurrencies.

Amarkets ( www.amarkets.org ) is not as well-known as the previous broker, but it is a company that deserves attention and can also be considered a suitable broker for Kazakhstan:

Over the past 15 years, more than 1,000,000 clients have entrusted their funds to Amarkets. Furthermore, the broker is a registered broker with The Financial Commission, which guarantees a €20,000 payout in the event of bankruptcy.

What I personally like about this service is the ability to trade with advisors, a fairly wide selection of assets, negative balance protection, and excellent customer support. The downsides include the lack of a cent account and the initial deposit of $100, while with an ECN account you can start trading with as little as $200.
The companies mentioned above are currently the best choice for clients who are residents of Kazakhstan; they have no restrictions on working with traders from the CIS countries.