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A Forex licensing in the Russian Federation in 2020

In 2015, laws were passed in Russia to regulate the Forex market. Prior to this, Forex activity was considered illegal and it was impossible to obtain a license for Forex in the Russian Federation. At the moment, a control over the conduct of foreign exchange operations is carried out by the Central Bank.

The amount of capital, that a broker needs to possess, is 100,000,000 rubles. In addition, to obtain a Forex license in the Russian Federation, you need to pay 2,000,000 rubles to the compensation fund of a self-regulatory organization.

The term for consideration by the Central Bank of an application for a Forex license in Russia is at least 2 months. Reasons for the refusal are not advertised or substantiated.

Read also:
A brokerage license in the Russian Federation. Minuses

If you want to issue a Forex brokerage license in Russia, you should know, that main disadvantages of this solution are such factors:

  • The business model in the Russian Federation does not imply the conclusion of a transaction on the interbank market, which means, that, in fact, there are no forex brokers in Russia, but only forex dealers.
  • Forex dealers work with customers on tough trading conditions (a minimum deposit: 30 thousand rubles, the instrument - only currency pairs, etc.).
  • Forex dealers in Russia partially act as tax agents and withhold income tax.

At present, there are eight forex dealers in Russia, that have received a license.

A forex companies rating

If you plan to order a service “to register a company under Forex” or “to obtain a license for Forex, then you are probably wondering “are there any parameters, based on which an opinion about the company is formed”? Obviously, there are no special parameters. Indicators, that are worth considering are as follows:

  • a geographical coverage;
  • the customer satisfaction;
  • customer reviews (e.g. forums);
  • the popularity of the trading platform;
  • spread sizes;
  • a size of the commission;
  • the presence of awards of foreign rating agencies;
  • the presence of a Forex license, obtained in countries with a positive reputation (for example, in the UK or in Australia).

A company and a license abroad give high ratings and increase the number of customers. We offer to register a company and obtain a Forex license in Bulgaria, obtain a Forex license in the Czech Republic, issue a license in Mauritius and in other jurisdictions, that will be of maximum interest to you.

Support in obtaining a Forex permit in Georgia or any other state

In order to issue a license for Forex activity in Europe or Asia - contact specialists of our company. Lawyers of IQD Consulting know all nuances, and you can turn to our specialists for personal advice on starting a Forex business abroad, who will, also, quickly and accurately help you solve related problems.

  • The information outlined in the article is actual at the time of its publication.
  • Please refer to our specialists for checking possible solutions for your business.
  • Still have any questions?

    Fill out the form or contact us as you find convenient. Our experts will help you resolve the issue.

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