Forex trading in the Republic of Serbia is regulated by the Law
on Capital Markets, the Law on Foreign Exchange Transactions and
the Decision on Trading with Financial Derivatives.
A Forex company provides demo accounts on certain platforms with
real time info, enabling users to practice, while they open real
accounts at foreign traders (partners of the Forex company in
Serbia). Thus, a Forex company is in practice a mediator, since it
only provides requests/mandates and documentation to its foreign
partners which open and maintain the real accounts of the
The foreign partners of a Forex company in Serbia must hold a
license issued by a state authority competent for such activities
in the country of their seat (headquarters). Typically, these
companies are investment companies providing services, platforms,
real time info and maintaining clients' accounts, while the
clients are independent in their decision making process.
Requirements for opening a Forex company in
Despite the mediation nature of the services forex companies
provide, the legal framework in Serbia requires the following
criteria to be met:
A stock company to be incorporated
(LLCs cannot practice this activity)
A minimum capital of EUR 125,000
Obtaining a license from the Republic
of Serbia's Securities Commission (for the activities of
investment consulting, capital structure advisory, research and
financial analysis in the investment field and other forms of
general consulting regarding transactions with financial
Additional criteria related to
It is worth noting that there are other options available, such
as the establishment of a broker-dealer company or an investment
company. However, such types of companies have a wider range of
permitted business activities and as such the minimum requirements
(including the starting capital) are higher.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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