Forex and CFD Brokers Saudi Arabia
In Saudi Arabia, the regulatory authority overseeing the financial services sector is the Saudi Arabian Monetary Authority (SAMA). SAMA, also known as the Saudi Arabian Central Bank, is responsible for the regulation and supervision of banks, insurance companies, and other financial institutions in the country. SAMA serves as the central bank of Saudi Arabia and is responsible for formulating and implementing monetary policy to maintain price stability and ensure the soundness of the financial system. It also has regulatory and supervisory powers over the financial sector.
CFD stands for Contract for Difference. It is a popular derivative product that allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. CFDs provide an opportunity to profit from both rising and falling markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.