Mongolia Central Bank Issues New Guidelines for Forex Trading Platforms
Rankly Editorial
2026-05-28 ยท 4 min min read
What Changed in the New Guidelines?
The Bank of Mongolia has introduced a comprehensive framework for online forex and CFD trading platforms. The new guidelines cover capital adequacy requirements, risk management protocols, and mandatory client fund segregation rules.
All platforms operating in Mongolia must now register with the Financial Regulatory Commission (FRC) and submit quarterly reports on their trading volumes, client complaints, and financial health.
The guidelines also mandate that brokers must provide Mongolian-language customer support and disclose all trading costs in MNT terms before clients open an account.
Impact on Mongolian Traders
For retail traders, these new guidelines mean stronger protection. The FRC will now monitor broker activities and can intervene if a broker is found engaging in unfair practices.
Traders will benefit from clearer fee structures, mandatory negative balance protection, and access to dispute resolution services. The guidelines also require brokers to provide educational materials before allowing high-leverage trading.
The minimum account opening requirement has been set at 100,000 MNT to ensure that traders understand the risks before committing significant capital.
Which Brokers Are Compliant?
Exness, XM, and FBS have already submitted their compliance documentation to the FRC. These brokers have local Mongolian representatives and support MNT deposits through Golomt Bank and Khan Bank.
IC Markets and Tickmill are in the process of registration. They currently accept Mongolian clients through their international entities but are working to establish local compliance frameworks.
AvaTrade has not yet announced plans for FRC registration, which may limit their ability to market directly to Mongolian traders.