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Re: Russia Prepares Steps to Forbid Unregulated Brokers from Operating
Posted: Wed May 17, 2017 4:03 pm
by LazarR
TheNews 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]
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 trade
Re: Which broker do you use?
Posted: Sun Jun 04, 2017 7:41 am
by nbtrading
Alpari still did not finish that mess?
Re: Which broker do you use?
Posted: Tue Aug 15, 2017 3:54 pm
by LazarR
That 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
Re: Which broker do you use?
Posted: Wed Aug 30, 2017 10:21 pm
by mlawson71
UK'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?
Re: Which broker do you use?
Posted: Thu Aug 31, 2017 4:15 pm
by bonifaas_abe
This is a good question mlawson71, I am wondering the same thing…
Re: Which broker do you use?
Posted: Tue Oct 17, 2017 1:29 am
by FrancoisT
Game store will bring more fun with sure
Re: Which broker do you use?
Posted: Thu Apr 30, 2020 8:57 pm
by peterso
At 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?
Posted: Tue May 12, 2020 1:35 am
by PREETHI
what about FXTM. Is it a good Broker.
Re: Which broker do you use?
Posted: Wed Jun 03, 2020 5:24 pm
by Ikeda01
PREETHI wrote: Tue May 12, 2020 1:35 am
what about FXTM. Is it a good Broker.
I 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?
Posted: Mon Jun 29, 2020 5:22 am
by Nathan.Fx
According 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.