Forex Brokers in Russia
The history of broker regulation in Russia is quite complicated. Forex trading activities in Russia were not regulated until 2011, the Financial Market Relations Regulation Center (FMRRC) introduced itself as an independent regulator. FMRRC aims to maintain the quality of brokers, futures trading, and crypto exchanges in Russia.
In 2016, the Central Bank of Russia (CBR) became the official forex trading regulator in the country. Meanwhile, FMRRC only has the capacity as a licensor. The agency also said it would help the problem between traders and brokers regulated at FMRRC.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| Dukascopy Hong Kong 1998 | DFSA (Dubai) F004307 FCMC (Latvia), May, 2011 FINMA, June 15, 2010 FSA (Japan), 2408 ESMA | 1:200 | $100 | Review | |
| Admirals Argentina 2001 |
ASIC, 28381 CySEC, 201/13 FCA (UK), 595450 FSA (Estonia), 10932555 FSA (Seychelles), 8426894-1 IIROC 29.04.2022 Jordan Securities Commission, 57026 | 1:500 | $100 | Review | |
| FXOpen Australia 2003 |
ASIC, 412871 FCA (UK) 579202 | 1:500 | $1 | Review | |
| FIBOGroup Austria 1998 |
CySEC, 118/10 FSC (BVI) SIBA/L/14/1063 | 1:1000 | $1 | Review | |
| InstaForex Russian Federation 2007 | FSA (St. Vincent & the Grenadines) IBC22945 FSC (BVI), SIBA/L/14/1082 | 1:1000 | $1 | Review | |
| Grand Capital Armenia 2006 | FFMS 1204 The Financial Commission, 15.01.2016 | 1:500 | $10 | Review | |
| LiteFinance Bulgaria 2005 |
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu) | 1:500 | $50 | Review | |
| LiteForex Bulgaria 2005 | CySEC 093/08 (only LiteForex (Europe) Limited www.liteforex.eu) | 1:500 | $50 | Review | |
| FreshForex Russian Federation 2004 |
FSA (St. Vincent & the Grenadines), 20623 IBC 2012 | 1:2000 | $200 | Review | |
| GKFX Chile 2009 | ASIC 424122 BaFin, 130602 CONSOB (Italy), 2915 Czech National Bank, 256/2004 DMCC (Dubai), 32142 FCA (UK), 501320 Finansinspektionen (Sweden), 556873-1326 FINRA, 16.06.2021 SFC (Hong Kong), AZJ874 ESMA | 1:30 | $200 | Review | |
| MTrading China 2001 |
FSA (St. Vincent & the Grenadines), 24275 | 1:1000 | $100 | Review | |
| Larson & Holz IT Austria 2004 | FMRRC (Russia) RU 0394 AA Vv0018 | 1:500 | $250 | Review | |
| Forex Optimum Indonesia 2009 |
FSA (St. Vincent & the Grenadines), 20603 | 1:500 | $10 | Review | |
| Land-FX China 2013 |
FCA (UK), 709866 FSP (New Zealand) FSP264385 | 1:500 | $300 | Review | |
| AMEGA Cyprus 2018 | None | 1:1000 | $1 | Review | |
| Boston Merchant Financial Australia 1988 |
ASIC, 379035 FCA (UK), 563348 FFMS, 1220 FSC (Bulgaria), RG-03-220 FSP (New Zealand), FSP328066 ESMA | 1:400 | $50 | Review | |
| TurboForex Argentina 2010 |
FSP (New Zealand), 332266 | 1:500 | $250 | Review | |
| Fort Financial Services China 2010 | IFSC (Belize) IFSC/60/256/TS/14 | 1:1000 | $5 | Review | |
| Just2Trade Cyprus 2015 |
CySEC, 281/15 | 1:500 | $100 | Review | |
| MaxiMarkets Russian Federation 2008 | None | 1:200 | $500 | Review | |
| BMFN Australia 1988 |
Vanuatu Financial Services Commission, 40202 | 1:400 | $50 | Review | |
| Tifia Indonesia 2011 |
FSC (Mauritius), GB19024824 Vanuatu Financial Services Commission 40209 | 1:1000 | $10 | Review | |
| Alfa Capital Markets Cyprus 2003 | Bank of Russia 1167746614947 CySEC, 387/20 | 1:100 | $1 | Review |
If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
FAQ
What is the best forex broker in Russia?
Finding the best forex broker in Russia is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Russia, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in Russia?
The list in this page can be a good reference if you look to trade with in Russia. We have sorted specific forex brokers that accept clients from Russia, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in Russia, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
