Bank Forex Brokers In Russia
Choosing a Forex Broker the majority of potential traders decide to entrust their money to those ones who have a headquarter or a local office in his or her country. Binary options 60 second trading strategy 2015,. In this case clients feel themselves more secure dealing with real people working in real office rather than with a virtual account. Besides there is no language barrier between a client and a company. That is why a newbie trader from Russia would rather choose a Forex broker in Russia. In this country Forex trading is becoming more and more popular. Almost in every city free educational Forex Courses take place. They are conducted by the largest Forex companies working in Russia.
The local financial activities regulator in Russia, is the Federal Financial Markets Service (FFMS), and was responsible for drafting regulations for Russian Forex brokers offering Forex investments. The regulations were drafted in 2008, and are just now coming into force.
There is nor state regulatory authority supervising Forex Brokers in Russia. It makes risk higher. /trading-binary-options-strategies-and-tactics.html.
Choosing a Forex Company in Russia is a challenge. Binary options brokers wikipedia. First of all pay attention to reputation and opinions of other traders, choose those companies who have been working in Russia for a long time, try to find more information about a Broker in Internet and mass media.
Forex Bank List
The Central Bank of Russia has identified 208 illegal Forex brokers in the first half of 2018, according to Valery Lyakh, Head of the Bank of Russia’s Department for Countering Malpractice. The materials about these brokers have been sent to law enforcement agencies, he told. The list of these entities includes foreign Forex brokers that illegally target Russian clients, as well as Russia-based companies which operate without the necessary FX dealer licenses, as required by the Russian law. The problem with illegal currency brokers in Russia remains acute in the face of the existing Forex legislation. There are only eight companies that are currently licensed to operate as FX dealers in Russia. The small number is partially explained by the tough requirements for obtaining a license from the central bank. Another reason is the lack of a simplified procedure for client identification.
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