Russian Forex.

Like most things, Forex trading in Russia has its own unique characteristics that should be considered when opening an account with a Russian brokerage company.

Russian Forex is not quite the typical currency and asset trading offered by domestic dealing centers.

Particular care should be taken to avoid getting into trouble with this type of activity; no one will be responsible for your safety.

Now, let's discuss the specifics of Russian Forex.

• Russian brokers - they can be called such only in quotation marks, almost all forex brokerage companies in our market are registered in offshore zones or abroad. The reason for this situation is quite simple - the lack of normal legislation on exchange trading.

• Taxation - all settlements and showdowns with tax authorities fall on you, brokers do not report on their clients, on the one hand, it is convenient for those who are not going to pay taxes, on the other hand, it is burdensome for law-abiding citizens.

• Control - the activities of brokerage companies working with Russian-speaking clients are controlled quite symbolically, yes, there are several organizations designed to protect the rights of traders, but they do this rather reluctantly. For this reason, a certain number of scammers come to the market, trading against their clients.

• Withdrawal of funds - the main advantage of working with Russian brokers due to their focus on working with domestic traders, any of the companies will provide you with several options for depositing (withdrawing) funds using popular payment systems or bank cards.

• Working with the ruble - in addition to the ability to keep a deposit in rubles, you can also trade ruble pairs, for example, USD / RUB or EUR / RUR, despite the large spreads, this is an excellent opportunity to earn, since the ruble exchange rate is easily predictable.

• Providing liquidity - usually client transactions are sent to the interbank currency market or a trading platform created by several banks, small transactions can be serviced within the brokerage company. Currently, trading on the Dealing Desk is conducted only on cent and micro accounts, it is not profitable for brokers to trade against their clients, the spread gives more profit than can be obtained by withdrawing the deposit.

• Features of the trust management - currently, a fashionable promotion has appeared for investing money in Russian Forex, these are portfolio investments in trust management, that is, the client entrusts his deposit not to one manager, but to several at once, the best in the brokerage company, which significantly reduces risks. An example is given in the material "Forex Investments".

• Leverage - rarely will any broker abroad provide you with leverage greater than 1:100, while in our country the norm is 1:500, and leverage of 1:1000 or even 1:2000 is often encountered. This leverage size is designed for small clients to give them a chance to earn. It is clear that such leverage maximizes the risk of trading, turning it into a game of chance.

• Commission size - in general, the spread and swap size at our brokers is somewhat lower than that of our foreign colleagues; foreign traders pay more attention to the company's image, while ours pay more attention to the commission size, so we have to make it smaller.

In general, trading on the Russian market is not so bad, and sometimes even better than cooperating with foreign companies; the main thing is to work only with large Forex brokers that have been around for several years and have already won the trust of their clients.