Tag: russia forex license

April 07, 2017 BY LeapRate Staff

Promsvyazbank's PSB-Forex becomes eighth Bank of Russia FX license recipient

LeapRate Exclusive… LeapRate has learned from filings made in Russia that the Bank of Russia has issued an eighth license to operate a retail forex brokerage operation in the country, to PSB-Forex LLC. PSB-Forex is the newly-established retail forex brokerage subsidiary of second tier Russian commercial bank Promsvyazbank. Promsvyazbank ranks eleventh in assets among Russia's largest banks,…

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forex industry news update
March 12, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary options P2P exchange shut, InstaForex Russia license, Ireland CFD ban, and lots more…

Platforms shut down, offices opened and closed, executive hirings, regulator bans, joint ventures, new licenses, results good and bad... this week's Forex Industry News had it all. And once again, you read about the key stories exclusively or first at LeapRate. With that in mind, we wanted to take this opportunity to thank you, our readers.…

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September 02, 2016 BY LeapRate Staff

24option and 24FX denied Russian Forex license by the Bank of Russia

LeapRate has learned that Retail Forex and Binary Options brokerage group Rodeler Limited has been rejected for a professional securities market participant license by the Bank of Russia. The license, had it been granted, would have allowed Rodeler to operate a retail forex dealer in Russian, serving Russian clients. Rodeler Limited, based in Cyprus and operated out…

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June 15, 2016 BY LeapRate Staff

Former Alpari Director of Compliance Andrey Lisitsyn named President of CRFIN

Russia’s Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), an FX body seeking to obtain official status as a Forex self-regulatory organization in Russia, has named Andrey Lisitsyn (pictured at left) as its new President. Lisitsyn graduated with a PhD in law from Russia's National Research University Higher School of Economics. He has worked for…

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