The Board of Directors of the National Association of forex dealers (NAFD, with former name - CRFIN) has decided to accept XTrade LLC, operating under the brand XTrade, in the NAFD, category A. XTrade Group operates in many countries. The company’s future plans include the expansion of their work in Russia and receiving forex dealer…
Read moreThe CRFIN has announced its new association name, the National Association of Forex dealers (NAFD), during the General Meeting of the Association Members held on Friday. The association has also shared that Andrei Yurevich Lisitsyn will be the head of NAFD. The General Meeting of the Association has also decided to form a NAFD Board…
Read moreRussia’s Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), an FX body seeking to obtain official status as a Forex self-regulatory organization in Russia, has named Andrey Lisitsyn (pictured at left) as its new President. Lisitsyn graduated with a PhD in law from Russia's National Research University Higher School of Economics. He has worked for…
Read moreA study amid members of Russia's Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) has shown that most Russian Forex traders generate profit/loss of up to $100. The findings show that 60%-70% of clients of the Forex brokers that are members of CRFIN barely see any change in their account balance – that…
Read moreRussia's Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), an FX body seeking to obtain an official status of a Forex self-regulatory organization, has added one more company to its “Black List”, which features entities having the characteristics of financial pyramids. The latest addition to CRFIN's “Black List” is Tokyo Investment Group, operating…
Read moreRussia's Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), which is seeking to obtain a status of Forex self-regulatory organization (SRO) from the Bank of Russia, has received feedback from the regulator regarding its internal standards projects. The Bank of Russia has reviewed the proposals and has made clarifications and recommendations regarding these.…
Read moreRussia's Centre for Regulation of OTC Financial Instruments and Technologies (CRFIN) today published a report regarding the activity of its Disciplinary Commission for 2015. For the entire 2015, the Commission reviewed a total of 248 enquiries regarding Forex companies. Nearly half of these (48%) concerned members of the organization, with 10% of these used by…
Read moreA brief announcement that would be of interest to Forex companies that want to obtain licenses of Forex dealers in Russia... The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) is planning a meeting with representatives of the Bank of Russia, the regulator responsible for the oversight of Russia's Forex industry. The meeting…
Read moreThe company, which pledges returns of up 1.5% per day, shows signs of a financial pyramid, Russia's CRFIN warns.
Read moreWork on the implementation of Russia's Forex law continues, with the first meeting of the Expert Board on OTC financial instruments and the protection of rights of individual investors held on August 26, 2015.
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