It also prevents them from indulging in any fraudulent or unfair practices. This enables the AFM to closely monitor the financial activities of its licensees and make sure they remain compliant with its policies. The companies are expected to submit recurring financial statements. They also need to notify the AFM in case their issued capital has fluctuated by more than 1% within three months. Licensed brokers must be fully transparent about their operations and provide the local watchdog with regular reports about their trading volumes. The Dutch regulatory framework largely overlaps with the requirements outlined by the European Securities and Markets Authority (ESMA).
The Netherlands Forex Legislationįorex brokers can legally operate in the Netherlands as long as they receive official authorization from the local regulator, the AFM. The Forex sector is thriving in the Netherlands, with many brokers being able to service Dutch traders provided they do so in compliance with the rules of the Autoriteit Financiële Markten (AFM).
The country ditched the Dutch guilder for the Euro in 2002. Its main partners in trade are other stable economies like France, the United States, the United Kingdom, Belgium, Russia, and Germany. The Netherlands is also renowned for its healthy and well-regulated foreign exchange trading scene. In the fall of 2000, it merged with the stock exchanges of Paris and Brussels to create Euronext, the biggest cash equities market on the Old Continent. The latter was founded at the beginning of the 17th century, which makes it one of the oldest securities exchanges in the world. The capital is where the Amsterdam Stock Exchange is located.
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