#1
B.I.C. Markets Co., Ltd.
No RegulationCambodiaEst. 2017
50.0Score
Seven brokers WIKILIX has on record give a Cambodian address as their head office, and most are not the names a search for a Cambodian trading account turns up. They are small local derivatives and CFD firms, one commercial bank, and one exchange operator, ranked here by overall score from uag Markets at 50 down to ACLEDA Bank at 11. The median score across the seven is just 25.4.
This is a list by domicile, meaning where each company is registered rather than where it is licensed to hold your money or which traders it accepts. That gap is wider in Cambodia than in most places, and it is the first thing to settle before reading any further.
The brokers you came looking for, and why they are absent
Open any "best forex brokers in Cambodia" comparison and you will see Exness, XM or Pepperstone at the top. Not one of them appears here. They are headquartered in Cyprus, Australia or offshore islands and reach Cambodian clients from abroad, so a domicile list leaves them out by design. This page answers the narrower question those lists skip: which firms actually keep a registered office inside the country, and what that office is worth.
What a SERC registration is, and what it is not
Five of the seven, AIMSCAP, BIC Markets, CFD Capital, CDX and ACLEDA Bank, record an entry with the Securities and Exchange Regulator of Cambodia (SERC), the country's securities and derivatives supervisor. WIKILIX classes SERC as a tier-3 authority with offshore standing: it is a real regulator, but the investor compensation and conduct protections behind it are thinner than a tier-1 body such as the UK Financial Conduct Authority or Australia's ASIC. The remaining two hold no Cambodian entry at all. uag Markets records no licence anywhere, and GLX carries only a Cyprus CySEC registration earned abroad.
Four of the seven carry a status flag worth reading before any deposit. uag Markets is marked as operating without regulation. BIC Markets and CFD Capital are recorded as exceeding the scope of their permission. AIMSCAP is flagged as a suspected clone of a regulated name, despite listing both an Australian ASIC and a SERC entry. Only GLX, CDX and ACLEDA Bank sit at a clean regulation status.
| Broker | Score | Opened | Licence on record | Max leverage |
|---|---|---|---|---|
| uag Markets | 50 | 2020 | None | 1:100 |
| AIMSCAP | 49.3 | 2015 | ASIC, SERC | 1:100 |
| GLX | 38.9 | 2013 | CySEC | 1:1000 |
| BIC Markets | 25.4 | 2017 | SERC | 1:100 |
| CFD Capital | 25.4 | 2020 | SERC | 1:100 |
| CDX | 22.3 | 2019 | SERC | 1:1 |
| ACLEDA Bank | 11 | 1993 | FSA, SERC | n/a |
Why a registered address tells you so little here
Cambodia's retail derivatives sector is young. Three of these firms, CDX, CFD Capital and uag Markets, opened in 2019 or later, while the oldest entry, ACLEDA Bank, dates to 1993 and is a commercial bank rather than a trading house. A country of registration decides which courts and which regulator you would turn to if a withdrawal stalled or an account was frozen. With a tier-3 offshore supervisor behind most of these names, that recourse is weaker than a Cypriot or Australian registration would give you, and for uag Markets, which lists no licence, there is no local supervisor to approach at all.
Checks that matter for a Cambodia-registered broker
- Confirm the SERC entry on the regulator's own register before depositing. A registered office is not proof of a live derivatives permission.
- Read which legal entity your account contract actually names. A Cambodian address does not mean a Cambodian company holds your funds.
- Weigh the leverage against the risk. GLX advertises up to 1:1000, four of the others cap at 1:100, and CDX runs at 1:1.
- For AIMSCAP, check the ASIC licence number directly with the Australian regulator, because the firm carries a suspected-clone flag.
7brokers on this list
Researched & ranked by the Wikilix team
- #2
UAG Trade Asia Co., LTD.
No RegulationCambodiaEst. 202050.0Score - #3
CFD Capital Co., Ltd
No RegulationCambodiaEst. 202050.0Score - #4
AIMSCAP
Suspicious CloneCambodiaEst. 2015ASIC
RegulationLicenseSpread49.0Score - #5
Global Liquidity Exchange Co., Ltd.
RegulatedCambodiaEst. 2013CySEC
RegulationLicenseSpread38.9Score - #6
Cambodian Derivatives Exchange Co., Ltd.
No RegulationCambodiaEst. 201930.0Score - #7
ACLEDA Bank
No RegulationCambodiaEst. 19938.0Score
This page rebuilds from the licence records WIKILIX keeps on each firm, so a broker that registers in Cambodia, gains a SERC entry, or loses its clean status appears or changes here without anyone rewriting the copy. The flags shown reflect what is on record today. Confirm any licence on SERC's own register before you deposit, because our records can lag a regulator's latest action.
If you were looking for a firm to trade with from Cambodia rather than one merely registered there, the offshore domicile pages are the better next read: far more of the internationally used names sit in Seychelles or Saint Vincent and the Grenadines, and Vanuatu holds another large cluster. For the region itself, the Thailand, Malaysia and Singapore domicile lists follow the same by-address method used here, so you can see how a young market compares with its neighbours.
Nothing here is a recommendation to open an account. It describes where these companies are registered and what our records show about their licences, and it is meant to be read next to the regulator's own register rather than instead of it.
Frequently Asked Questions
Frequently asked questions
Answers from the Wikilix research team about this ranking.
Most Popular Questions
No. SERC is a real regulator, but WIKILIX classes it tier-3 with offshore standing, while the UK FCA and Australia's ASIC are tier-1 onshore authorities with stronger conduct rules and compensation schemes. A SERC entry shows a firm is registered and supervised in Cambodia; it does not carry the same recourse if the broker fails or misuses client money.
It varies sharply across the seven. GLX advertises the highest, up to 1:1000, while uag Markets, AIMSCAP, BIC Markets and CFD Capital all cap at 1:100. CDX, a derivatives exchange, runs at 1:1, and ACLEDA Bank has no leverage figure on record. Higher leverage magnifies losses as much as gains, so the 1:1000 figure is a risk signal, not a feature to chase.
Four of the seven. uag Markets is recorded as operating without regulation, BIC Markets and CFD Capital as exceeding the scope of their permission, and AIMSCAP as a suspected clone of a regulated brand. Only GLX, CDX and ACLEDA Bank hold a clean regulation status. A flag is a reason to check the firm's licence yourself, not a proof of fraud.
Because neither is headquartered in Cambodia. Exness, XM, Pepperstone and the other names that top most Cambodia broker comparisons are registered in Cyprus, Australia or offshore jurisdictions and serve Cambodian traders from there. This page lists only firms with a registered office inside the country, which is a deliberately different question from which brokers accept Cambodian clients.
This list cannot tell you. It is organised by where each firm is registered, not by which countries it accepts clients from, and WIKILIX holds no record of either firm's onboarding rules. A Cambodian registration does not mean a broker takes clients abroad, and it does not stop one from doing so. Check each broker's own account terms and its SERC standing before you sign up.
ACLEDA Bank, which our records date to 1993, is the oldest firm on this list, though it is a commercial bank rather than a dedicated forex house. Among the trading-focused names, GLX has run since 2013. The rest are newer: AIMSCAP from 2015, BIC Markets from 2017, and CDX, CFD Capital and uag Markets all from 2019 or 2020.
Five of the seven are. AIMSCAP, BIC Markets, CFD Capital, CDX and ACLEDA Bank each record an entry with the Securities and Exchange Regulator of Cambodia. uag Markets lists no licence at all, and GLX holds only a Cyprus CySEC registration from abroad. SERC is a genuine supervisor, but WIKILIX classes it tier-3 with offshore standing, so its protections are thinner than a tier-1 licence.
Seven brokers on record with WIKILIX give a Cambodian head office as their registered address. They range from uag Markets and AIMSCAP near the top of the score band down to ACLEDA Bank at 11. It is a small and young group: three of the seven opened only in 2019 or later, and none carries the scale of the international brokers most Cambodian traders actually use.