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 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 moreMoscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), the biggest Russian trading venue for currencies, shares and derivatives, has earlier today published its monthly volume metrics for March 2016, with monthly Forex volumes up in monthly terms but average daily volumes (ADV) down from February 2016 levels. MOEX reported monthly FX market turnover of RUB…
Read moreAbout 460,000 investors use the services of Forex brokers in Russia, with cumulative average trading volumes per month around $330 billion, according to the Interfax annual study of the Russian Forex market for 2015. The total size of deposits reached meager $0.5 billion. The amount of FX transactions fell 5% from 2014 levels, with the…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) today added Forex broker MXTrade to its “Black List”. Clients of the broker have complained that they are unable to withdraw their profits generated from trading. Instead, the company allows them to withdraw only the initially invested money. The company does not respond…
Read moreMoscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), the biggest Russian trading venue for currencies, stocks and derivatives, has earlier today reported its monthly volume metrics for February 2016, with the monthly reading for last month being better than in January 2016 but the average daily volumes (ADV) showing a month-on-month drop. This pattern is easily…
Read moreMoscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), has just reported its operating metrics for October 2015, with the results being in tune with what we have so far seen from the rest of the industry at least when it comes to FX volumes. Although FX volumes saw a drop in monthly terms, they staged…
Read moreMonthly Forex volumes at MOEX reached RUB 34.6 trillion ($523 billion) in September 2015, marking a rise of 9.2% from the result of RUB 31.7 trillion registered in August 2015.
Read moreAs the majority of the provisions of the Russian Forex law come into force on the first day of October 2015, it is more than natural to ask “What will change?”.
Read moreWith football sponsorships high on the agenda of Forex brokers, Alpari announced an extension of its partnership with FC Zenit into the new season.
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