Yes, most of the brokers already started to terminate clients from Russia as far as I understood. Pretty sad, but there will still be a way to tradeTheNews wrote: Thu May 11, 2017 3:09 am The Federal Antimonopoly Service Brokers that are willing to operate in Russia will have to be regulated
The Federal Antimonopoly Service (FAS) in Russia is preparing to take action against brokers that are operating in the country without a license. Just after the long-awaited regulatory framework in Russia kicked in earlier this month, Russian authorities are making pledges to reign in the market.
There is no clarity what are the measures which the country’s authorities are preparing to take against foreign brokers that are operating in Russia. However it appears as if the primary effort will be directed towards local companies that are operating in the country without a license.
Russia was developing its regulatory framework for forex brokers for several years before it came into force earlier this month, enabling regulated brokers to advertise their products.
At present the Russian market is heavily fragmented with a number of brokers that do not have a Russian license still managing to attract customers despite not being able to officially advertise. Brokers that are based outside of Russia have a good chance to attract clients because they sometimes are regulated by institutions which are outside of the country.
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[url=http://www.financemagnates.com/forex/brokers/russia-prepares-steps-forbid-unregulated-brokers-operating/]Read more ...[/url]
Re: Which broker do you use?
23That is a brave step ahead ACM Gold we all have to be open for the new technologies
I’m till waiting my broker to release the MT5 but started to review the details on-line it looks nice
I’m till waiting my broker to release the MT5 but started to review the details on-line it looks nice
Re: Which broker do you use?
24UK's Financial Conduct Authority (FCA) has published an alert on a clone of one of the best-known forex brokers – FXCM.
According to the regulator, the FXCM International Finance Group has an address in China and it seems to be targeting people in the UK claiming to be authorized.
Why pretend to be a company already known for being shady?
According to the regulator, the FXCM International Finance Group has an address in China and it seems to be targeting people in the UK claiming to be authorized.
Why pretend to be a company already known for being shady?
Re: Which broker do you use?
27At the moment, turnkey forex is my broker and the trading conditions have been good with the tight spreads in major pairs, the leverage upto 500x and the commission is $2/100k rt. No complaints from my side, so far.
Re: Which broker do you use?
28what about FXTM. Is it a good Broker.
To be consistently profitable is to pick the right strategy for what price is doing, not what we think price will do.
Re: Which broker do you use?
29I agree. Have an account with them along with 3 others (Fxpro, Fxview, XM), trading conditions are good, so is their support.
Re: Which broker do you use?
30According to my research, IC Markets must be the largest broker in the world for retail customers, excluding brokers in Japan. The forex spreads are very low, even in exotic pairs. Then we have Pepperstone which has very low spreads, but not as low as IC Markets. I left IC Markets and went to Pepperstone because they have continuous commodity CFDs, with no expiration date. And trading indices is more affordable with Pepperstone, because the minimum lot is 0.10 while at IC Markets it is 1.00 L.