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
users.
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.
