Tag: Russian Forex brokers

January 26, 2016 BY Maria Nikolova

Bank of Russia gets tough on Forex advertising

Representatives of the Bank of Russia, the body responsible for the regulation of Russia's Forex industry, and the Federal Antimonopoly Service (FAS) of the Russian Federation have discussed the different practices of Forex advertising. In an announcement following the discussions, the regulators note that, in accordance with Russia's law on advertising, companies that do not…

Read more
December 15, 2015 BY Maria Nikolova

Tighter rules loom for Russian Forex companies

Many Russian Forex market participants have been displeased with the current version of the Russian Forex law, including restrictions on maximum leverage and tight deadlines for obtaining a Forex dealer license. And yet, all these requirements may seem quite loose if we consider the demands of the Bank of Russia stated in a letter to…

Read more
November 12, 2015 BY Maria Nikolova

Russian Forex brokers ask regulators to postpone licensing deadline

As LeapRate has reported, Forex companies willing to obtain Russian Forex dealer licenses have to do so before the end of this year or stop targeting Russian investors. Many Forex companies, however, consider the deadline as too tight and practically impossible to meet. Russian Forex brokers are now seeking that the Bank of Russia extends…

Read more
October 26, 2015 BY Maria Nikolova

Bank of Russia publishes standards for Forex brokers' activity

Bank of Russia, the financial “Megaregulator” that is responsible for the Forex industry in the country too, has had an Instruction regarding the business activities of Forex brokers published in its official newspaper today. The Instruction includes 11 standards, or standard requirements, which Forex brokers willing to be and stay regulated in Russia should meet.…

Read more