Analysis: a Year into Russian Forex Regulation, Bank of Russia’s Filter is Low

[kreslik.news]

On Thursday, the 9th of March, Finance Magnates Russia reported on the seventh brokerage to receive a forex broker operating license from the Bank of Russia. Instaforex joins the list of six other brokerages that fulfil the bank’s requirements, effectively allowing its regulated subsidiary to operate in the country.

Two years in the making, and now a year into official regulation, one would think that firms would be on-boarding clients and advertise their products already… except they can’t.


As it turns out that the Bank of Russia’s regulatory framework, developed and voted through by the ... (read more)