Russian Forex.

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

Russian Forex is not quite the usual trading of currencies and other assets, which is organized by domestic dealing centers.

You should be especially careful not to get into trouble with this type of activity; no one will think about your safety for you.

Now about the very features of Russian Forex.

• Russian brokers - they can only be called such in quotation marks; almost all Forex brokerage companies on our market are registered in Offshores or abroad.

The reason for this situation is quite simple - the lack of normal legislation on exchange trading. • Taxation - all calculations and disputes with the tax authorities fall on you, brokers do not report on their clients, on the one hand it is convenient for those who do not intend 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 rather symbolically, and 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 enter the market and trade against their clients. • Withdrawal of funds is 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 possibility of keeping 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 money, since the ruble exchange rate is easily predictable.

• Providing liquidity - usually client transactions are entered into the interbank foreign exchange 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 carried out 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 a deposit.

• Features of management - currently there is a fashionable promotion for investing money in Russian Forex, this is a portfolio investment in trust management, that is, the client entrusts his deposit not to one manager, but to several, the best in the brokerage company, which significantly reduces risks.

An example is given in the material "Forex Investments". • Leverage - abroad it is rare that any broker will provide you with a leverage of more than 1:100, but in our country the norm is 1:500, leverage of 1:1000 or even 1:2000 is often found.

This leverage size is designed for small clients to give them a chance to earn money. It is clear that such leverage maximizes the risk of trading, turning it into a game of chance. • The size of commissions - in general, the size of the spread and swap with our brokers is slightly lower than that of their foreign colleagues, foreign traders pay more attention to the image of our company - the size of the commission, which is why we have to make it smaller.

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