Russia based online broker TeleTrade and Premier League club Burnley FC have announce their partnership, whereby TeleTrade will be designated as the Official Forex Trading Sponsor of Burnley FC. Burnley FC is one of the major success stories of late in English football. The small-market team - Burnley is a town of about 75,000…
Read moreRepresentatives 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 moreMany 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 moreAs 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 moreBank 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.…
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