Tag: Russian Forex broker license

December 15, 2015 BY Maria Nikolova

Bank of Russia grants first Forex dealer license to FINAM Forex

The Bank of Russia today announced the award of the first ever Forex dealer license in Russia, with the recipient being FINAM Forex, the company which first applied for the coveted authorization about a month ago. Given that the regulator has up to 60 days to review the applications for Forex dealer licenses, we can safely…

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December 10, 2015 BY Maria Nikolova

TeleTrade applies for Russian Forex dealer license

Retail Forex broker TeleTrade has joined the line of companies applying for a Russian Forex dealer license. The company announced on Wednesday that it has filed the necessary documents and that it hopes to get the license sometime in the first quarter of 2016. The Bank of Russia has 60 business days to review the…

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December 08, 2015 BY Maria Nikolova

Forex Club applies for Russian Forex dealer license

Retail Forex and CFD broker Forex Club today announced that it has submitted an application to obtain a license as a Russian Forex dealer – the official designation for a company providing Forex trading services in Russia. The company said it filed the necessary papers with the Central Bank of Russia on Monday, December 7th.…

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November 26, 2015 BY Maria Nikolova

Russia's Ministry of Finance voices skepticism regarding extension of Forex licensing period

Russia's Deputy Finance Minister Alexei Moiseev has struck a skeptical note regarding the possible delay in the implementation of certain clauses of the Russian Forex law, including the extension of the “grace period” for Forex licensing. Under the current legislation, Forex brokers that wish to offer their services to Russian residents should obtain Forex dealer…

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November 19, 2015 BY Maria Nikolova

Bank of Russia says ready to postpone deadline for Forex licensing

As the end of the year gets closer so does the deadline for obtaining a Russian Forex dealer license or exit the Russian Forex market. However, the Bank of Russia, the Megaregulator responsible for the oversight of the Forex industry, seems to be warming up to postponing the licensing deadline. Bank of Russia's Deputy Governor…

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