Russian Forex brokers for online earnings on the currency exchange

Recently, the popularization of stock exchange trading has been taking place in Russia at an active pace; during the crisis, the number of people wishing to earn money without changing their place of residence has increased significantly; online trading provides such an opportunity.

Dealing centers serve as intermediaries in this matter ; there are no big differences between these two types of companies, both of them organize dealing.

Russian brokers - those companies that are focused on Russian-speaking clients, usually have a website in Russian, Russian-language support and appropriate licenses to operate.

Often they independently withhold income tax from the profit received by the trader and submit reports on client income to the Russian tax service.

Often, novice traders want to work only with companies licensed by the Central Bank of Russia, hoping that this fact will protect them from not being an honest broker. 

In fact, more reliable protection is the period of existence of the broker and insurance of his liability to clients in special insurance funds. For example, in the same The Financial Commission:

At the same time, I prefer to work with brokers that have good Russian-language support and have already proven their reliability in practice.

At one time, they all also had licenses from the National Bank of Russia, but after the redistribution of the brokerage services market, many companies preferred to choose more loyal jurisdictions to obtain permits.

The most famous and trustworthy, in my opinion, at the moment are:

AMarkets (Aforex) is one of the few brokers that has a license to trade financial assets in Russia; all transactions, except for cent accounts, are brought to the real market.

In addition, the company provides some of the most favorable trading conditions for trading. InstaForex - the company is quite widely represented in Russia, at the moment there are 27 representative offices in various regions of the country. The broker has excellent trading opportunities and is one of the largest in the CIS.

Almost the only drawback of InstaForex is the relatively wide spreads, this can be important for those who use scalping strategies, and the minimum transaction duration is limited to 5 minutes.

RoboForex has the lowest spread size among the listed companies and is one of my favorite Russian brokers, as it fully complies with the requirements.

In addition, RoboForex has the fastest withdrawal of funds, on WebMoney in a couple of seconds and there are no restrictions on scalping or robot trading.

There are also many other Russian brokers providing dealing services, but they already provide less favorable trading conditions or are not sufficiently reliable.