Bank of Russia issues FX licenses to TeleTrade, TrustForex, denies authorization to Profit Broker LeapRate

May 15, 2016 BY Maria Nikolova

Bank of Russia issues FX licenses to TeleTrade, TrustForex, denies authorization to Profit Broker

Russia's Megaregulator has issued two more Forex dealer licenses – to TeleTrade and TrustForex, following the issuance of such a license to FINAM in December last year. At the same time, the Bank of Russia denied authorization to Profit Broker. The regulator did not provide any details regarding the grounds for its decision. Under the terms…

February 26, 2016 BY Maria Nikolova

Russian bank VTB 24 considers establishment of Forex dealer subsidiary

Russian retail bank VTB 24 intends to set up a subsidiary to offer Forex trading services. The VTB 24 press service informed Russian agency Interfax that the supervisory council of the bank will discuss these plans at a meeting on February 26, 2016 (today). According to Interfax, the bank will review a proposal to establish a subsidiary…

January 26, 2016 BY Maria Nikolova

Bank of Russia gets tough on Forex advertising

Representatives of the Bank of Russia, the body responsible for the regulation of Russia's Forex industry, and the Federal Antimonopoly Service (FAS) of the Russian Federation have discussed the different practices of Forex advertising. In an announcement following the discussions, the regulators note that, in accordance with Russia's law on advertising, companies that do not…

December 08, 2015 BY Maria Nikolova

Forex Club applies for Russian Forex dealer license

Retail Forex and CFD broker Forex Club today announced that it has submitted an application to obtain a license as a Russian Forex dealer – the official designation for a company providing Forex trading services in Russia. The company said it filed the necessary papers with the Central Bank of Russia on Monday, December 7th.…

November 17, 2015 BY Maria Nikolova

FINAM becomes first company to apply for Russian Forex dealer license

FINAM Forex, part of the FINAM Group of Companies, has announced that it has submitted the relevant documents for obtaining a Russian Forex dealer license. The documents have been filed with the Bank of Russia, which is responsible for the regulation of Russia's FX industry. The review of FINAM's application will take up to 60…

Tag: Russian Forex dealer