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The Bank of Russia has just publicly announced another denial to a license application for a forex brokerage. This is the fifth consecutive time, when the watchdog is denying a licensing application for a retail foreign exchange brokerage.
This is the fifth time when the Bank of Russia slams the door shut for a forex company looking to get regulated in the country. The company’s name is Fix Trade, which is much more well known to forex traders as InstaForex.
The regulator has not provided any detailed explanation about the reasons for the move.
“On the 21st of July, the Bank of Russia ... (read more)