Kazakhstan Forex License

Updated 08/06/2023

Kazakhstan Forex License (authorization) allows to trade forex exchange (currency) and crypto assets alone without need to apply for crypto license additionally. Kazakhstan financial markets regulation does not consider the Forex Trading as a regulated financial activity, but implies much less regulatory requirements compared with full brokerage prudential, AML policy and other general requirements.

Forex trading authorization is a legal concept that allows to set up and start running a forex trading activity in no more than 2 weeks from the moment of sharing the shareholders ID documents with our fintech attorney for company formation. Fastest, affordable and reliable option to acquire an access to FX trading market just in no time.

Here is a brief and key highlighted comparative table used by our clients to make an informed decision.

License type	License functionality	License authority (licensor)	License authorization fee	Registration fee (company formation)	supervision fee (annually)	capital base requirements	liquid assets requirement (liquidity ratio)	AML policy Internal/External audit policy	law firm’s average charge
FX trading authorization	foreign exchange (currency), digital assets (crypto) trading	Ministry of Justice, Financial Monitoring Agency	$1,000	$50	–	$100	–	+	$10,000
Brokerage license	foreign exchange (currency), digital assets (crypto), commodities, stocks, futures, bonds, options and etc.	Ministry of Justice Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market	$250	$50	–	$3,000,000	1.4	+	$100,000
Dealing in investments as an agent	foreign exchange (currency), digital assets (crypto), commodities, stocks, futures, bonds, options and etc.	AFSA	$10,000	$300	$7,000	$50,000	25%	+	$25,000
Dealing in investments as a principal	foreign exchange (currency), digital assets (crypto), commodities, stocks, futures, bonds, options and etc.	AFSA	$10,000	$300	$8,000	$500,000	25%	+	$25,000

Brief legal framework of financial regulated activity

Pursuant to Law of Republic of Kazakhstan on “Securities market” dated July 2, 2003 government body authorized to regulate licensure questions for trading related only to securities appointing National Bank and Agency for Regulation and Development of Financial Activity (hereinafter – Agency) as the main regulators.