Promsvyazbank’s PSB-Forex becomes eighth Bank of Russia FX license recipient LeapRate

April 07, 2017 BY LeapRate Staff

Promsvyazbank's PSB-Forex becomes eighth Bank of Russia FX license recipient

LeapRate Exclusive… LeapRate has learned from filings made in Russia that the Bank of Russia has issued an eighth license to operate a retail forex brokerage operation in the country, to PSB-Forex LLC. PSB-Forex is the newly-established retail forex brokerage subsidiary of second tier Russian commercial bank Promsvyazbank. Promsvyazbank ranks eleventh in assets among Russia's largest banks,…

March 12, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary options P2P exchange shut, InstaForex Russia license, Ireland CFD ban, and lots more…

Platforms shut down, offices opened and closed, executive hirings, regulator bans, joint ventures, new licenses, results good and bad... this week's Forex Industry News had it all. And once again, you read about the key stories exclusively or first at LeapRate. With that in mind, we wanted to take this opportunity to thank you, our readers.…

March 10, 2017 BY LeapRate Staff

InstaForex subsidiary Fix Trade becomes seventh Bank of Russia Forex license recipient

LeapRate Exclusive... LeapRate has learned from filings made in Russia that the Bank of Russia has issued a seventh license to operate a retail forex brokerage operation in the country, to Fix Trade LLC. Fix Trade is a Russian subsidiary of InstaForex, an (otherwise) unlicensed retail forex broker focusing on the CIS countries and the…

October 13, 2016 BY LeapRate Staff

Forex Club becomes fifth recipient of a Bank of Russia Forex license

LeapRate Exclusive... LeapRate has learned from Bank of Russia documents that retail forex broker Forex Club has become the fifth company to receive a license to operate in Russia with retail clients. Russia passed a Forex Law last year, requiring any broker soliciting or engaging in trading with retail clients to receive a license as…

September 04, 2016 BY LeapRate Staff

Forex Industry Week Review: Playtech exits Binary Options, FXCM-Leucadia deal redone, Russia FX licenses, and lots more…

In a week in which Forex Industry News at LeapRate was dominated by extremely weak August FX volume reports, we were pleased to bring our readers a number of exclusive stories about Playtech PLC (LON:PTEC) and its plans for its binary options unit, the shutdown of brokers SkyFX and Capital Option, the new structure of…

September 02, 2016 BY LeapRate Staff

24option and 24FX denied Russian Forex license by the Bank of Russia

LeapRate has learned that Retail Forex and Binary Options brokerage group Rodeler Limited has been rejected for a professional securities market participant license by the Bank of Russia. The license, had it been granted, would have allowed Rodeler to operate a retail forex dealer in Russian, serving Russian clients. Rodeler Limited, based in Cyprus and operated out…

September 02, 2016 BY LeapRate Staff

VTB 24 Forex becomes fourth broker to receive a Bank of Russia forex license

Russian banking giant VTB Group has become the fourth company to receive a license from the Bank of Russia to operate a retail forex brokerage serving Russian traders. The Bank of Russia has announced that it has issued a professional securities market participant license to VTB subsidiary VTB 24 Forex, effective September 1. VTB is the…

June 15, 2016 BY LeapRate Staff

Former Alpari Director of Compliance Andrey Lisitsyn named President of CRFIN

Russia’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…

May 22, 2016 BY LeapRate Staff

Forex Industry Week Review - Broker shut down and CEO moves, EZTrader loss and Wells Notice, Russia FX licenses and lots more

Forex industry news at LeapRate this past week certainly had an Australian feel to it, with a number of key news items from down under in a region where the Forex sector continues to rapidly change - despite (or maybe in part because) the local regulator ASIC hasn't approved a new license to a Forex…

Tag: russia forex license