10/12/ · Following the footsteps of its peers, forex brokerage company Forex Club announced recently that it is shuttering its Russia blogger.com problem with the Russian marketIn the last two years, the Russian forex market has been relatively uncertain. Several brokers have abandoned the Russian market in , and Forex Club is the latest among them. The group wrote on its website Forex Club has been around since when it was started in Russia. In recent years, they have been expanding their operations globally, into the likes of Europe and Latin America. Currently, they have clients originating from different countries and they currently employ more than people Contracting entity of Forex Club International Limited, which accept payments from clients and transfers payments back to clients, are: Holcomb Finance Limited ( Nicosia Cyprus), Libertex International Company Limited (Kingstown, blogger.comt & the Grenadines)
Forex Club Shutters FX Operations in Russia | Finance Magnates
Following the footsteps of its peers, forex brokerage company Forex Club announced recently that it is shuttering its Russia operations. In the last two years, the Russian forex market has been relatively uncertain. Several brokers have abandoned the Russian market inand Forex Club is the latest among them. The group wrote on its website that it forex club russia stopped providing service to users in Russia. It also noted that it is not registering services for the Russian Federal regulation forex club russia longer.
All transactions on the Forex market should be licensed Bank of Russia forex dealers. Forex Club is the latest brokerage to quit the Russian market abruptly. Their move is likely a result of regulatory uncertainty. The regulators have also adopted a brute force approach for policing bucket shops which are creating uncertainty and fear in the industry. Regulated venues experienced a heavy pinch because forex club russia these measures and the wishy-washy regulatory approach.
However, Forex Club has an interesting run-in with the authorities in Russia. Earlier this year, forex club russia, the company representatives said that the Bank of Russia revoked their license. They added that the company terminated all their activities, related to all Forex Club Group of Companies, in the Russian Federation.
The activities of the International Academy of Investment and Trading MAIT, forex club russia. However, as of Decemberthe company has stopped accepting Russian citizens to their platforms completely. Note that Forex Club is one of the three largest Russian brokerages. Given its previous issues with the regulators, its exit was predictable. Recently, forex club russia, the company closed its Russia training centers as well, foreshadowing its forex club russia move.
It would be interesting to note if the regulators take cognizance of the situation to bring back its lost brokerages.
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Forex Club Shuts Down Its Russian Forex Operations by Sherlock Gomes. December 10, in FX Industry. Reading Time: 3min read. The problem with the Russian market In the last two years, the Russian forex market has been relatively uncertain. Tags: Forex Club International Academy of Investment and Trading MAIT Russian Market. Related Posts. FX Industry.
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10/12/ · Following the footsteps of its peers, forex brokerage company Forex Club announced recently that it is shuttering its Russia blogger.com problem with the Russian marketIn the last two years, the Russian forex market has been relatively uncertain. Several brokers have abandoned the Russian market in , and Forex Club is the latest among them. The group wrote on its website Forex Club has been around since when it was started in Russia. In recent years, they have been expanding their operations globally, into the likes of Europe and Latin America. Currently, they have clients originating from different countries and they currently employ more than people Once one of the top three largest brokerages in Russia, Forex Club’s exit from the Russian market was predictable. The company had previously closed its training center in Russia, underscoring changes were in the works for some time. Coupled with deteriorating clarity surrounding regulations, the move was a foregone conclusion and the latest
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