Russian Forex brokers for online earnings on the foreign exchange market

Recently, stock trading has been rapidly gaining popularity in Russia. During the crisis, the number of people seeking to earn money without moving is significantly increasing, and online trading offers just such an opportunity.

Dealing centers act as intermediaries in this regard There are no significant differences between these two types of companies; both organize dealing services.

Russian brokers—those companies that target Russian-speaking clients—typically have a Russian-language website, Russian-language support, and the appropriate licenses to operate.

They often independently withhold income tax from the trader's profits and submit reports on clients' income to the Russian tax service.

Often, beginning traders want to work only with companies licensed by the Central Bank of Russia, hoping that this fact will protect them from unscrupulous brokers. 

In fact, a more reliable protection is the broker's existence and its liability to clients insured by special insurance funds. For example, 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 held licenses from the National Bank of Russia, but after the redistribution of the brokerage services market, many companies preferred to choose more favorable jurisdictions for obtaining permits.

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

AMarkets (Aforex) is one of the few brokers licensed to trade financial assets in Russia. All trades, except for cent accounts, are conducted on the live market. Furthermore, the company offers some of the most favorable trading conditions.

InstaForex is quite widely represented in Russia, currently operating 27 offices across the country. The broker offers excellent trading opportunities and is one of the largest in the CIS.

InstaForex's only drawback is its relatively wide spreads, which can be important for those using scalping strategies. Furthermore, the minimum trade duration is limited to 5 minutes.

RoboForex has the lowest spread of the companies listed and is one of my favorite Russian brokers, as it fully meets all the requirements.

RoboForex also offers the fastest withdrawals, while WebMoney withdrawals take just a few seconds, and there are no restrictions on scalping or robot trading.

There are also many other Russian brokers offering dealing services, but they offer less favorable trading conditions or are not considered reliable enough.