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Start Trading. Spread 0. According to company representatives, after resolving certain formal observations, a new application was submitted to the Central Bank. According to the National Foreign Exchange Centre of the Belarus Stock Exchange, the company ranks first "in terms of the volume of transactions of customers with non-deliverable over-the-counter instruments of customers on all underlying assets among the foreign exchange companies included in the register of the National Bank of Belarus ".

In January , the Russian government revoked the license.

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On 4 February Forex Club signed an association agreement with the authorized forex broker "Alfa-Forex", this agreement allowed Forex Club to return to work with the citizens of the Russian Federation. In June Forex Club launched the trading platform Libertex. In the years —, Pavel Teplukhin headed the board of directors of Forex Club. Forex Club Libertex has a history of compliance problems that forced the company to cease retail operations in several countries.

Company management explained that the license capital is frozen, and that the company was trying to keep it at the minimum acceptable level. Finally, it was increased by 1.

In , the National Futures Association NFA charged the company with numerous violations such as failure to maintain internal controls, keeping financial records, running an adequate anti-money laundering program in the area of finance FinCEN and OFAC , and CEO Peter Tatarnikov was charged with failing to supervise the company's operations and staff diligently.

In the Forex Club ceased to operate as a retail broker in the U. The list of violations included false information in the company's reports to the CBR, false accounting statements, and noncompliance to regulator's directives. How we test. Trading forex currencies in Russia is popular among residents. The Central Bank of Russia is the financial regulatory body in Russia. The CBR was established in and has the primary responsibility of protecting the stability of the national currency. For a historical breakdown, here's a link to the Central Bank of Russia webpage on Wikipedia. To find the best forex brokers in Russia, we created a list of all brokers that list Russia as a country they accept new customers from.

We then ranked brokers by their Overall ranking.

Compare Russia authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers. Unfortunately, the CBR does not provide a list of authorized forex brokers; however, residents can contact the CBR directly to verify authorisation.