January 03, 2019 BY Valentina Kirilova

Russian Central Bank cracks down on foreign forex brokers – shuts 5 firms

Open competition among forex brokers within the Russian Federation no longer exists. In a surprise move, the Russian Central Bank (CBR) has revoked the operating licenses of five foreign-based forex brokers due to “the repeated violations of the requirements of the Russian legislation on securities within one year.” New legislation passed a few years back…

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