Russian Forex brokers

Broker

Status

Vote Rating

Year

Reviews

Reliability Rating

Quantum Systems

83%

17%

2006

FxPro

Finam

ATON

Brokers by Type

Latest Reviews

Evgeniy Shestakov

I started trading with them with a minimum amount. They assigned me a manager who helped me with trading. My stock has already doubled in one day. The mentor began to say that I could earn even more, but I needed to increase the amount on deposit. I wanted to try to get the part out first, and told my mentor about it. After that I was unable to log into my account.

Arthur

I tried to trade here. Nothing worked out; for some reason, promising deals went into the red as soon as we tried to close them. The terminal could ignore orders for several minutes until the price of the asset changed for the worse.

Arthur

I really didn’t like that they called me several times a day after I registered my account. I didn’t even have time to top up the deposit when calls started coming in asking me to deposit as much money as possible and invest it all in an incredibly profitable deal. Such recommendations contradict any rules of money management. And that's why I refused to work with them. And then for another two weeks I blocked the left numbers from which they called.

Max

I met on VK girl from somewhere in the EU and corresponded with her for a couple of weeks and evenby videocommunicated. And then she started asking about my work and said that she herself is engaged in trading and lives well on the income from it and offered to introduce me to a person who has a good broker. Like a fool, I agreed and gave my contacts, and within a day they called me and started telling me tales about huge incomes and pointing out some graphs and reports. A day later I transferred money to the account to scrape $300 according to mystockpiles and tried it at the merchant. My trading almost immediately went negative. I realized that it was not mine and wanted to withdraw the money, but I was thrown out of my personal account and was not allowed back.

Egor

Rakuten Trade clearly does not look like a normal broker. Too many jambs. It is very difficult to open an account with him; it is impossible to trade normally. Any transaction becomes unprofitable due to direct and hidden commissions.

Matvey

I fell for the promises of the bitprojectinvests manager like a horse. And now I can’t even withdraw my money.

All reviews

Brokers in Russia

Brokers in Russia operate under strict jurisdiction, providing high-level client protection, but with limitations.

Russian brokers fall into three categories:

Stockbrokers
Forex brokers
Fake brokers

Stockbrokers

The largest Russian brokers operate on the Moscow Exchange (MOEX) and the Saint Petersburg Exchange (SPBEX). As of 2023, there are 564 companies in various markets, including stocks, futures, currencies, and money, with an additional 14 in the commodity market.

Top brokers in Russia offer spot and futures trading, Individual Investment Accounts (IIAs), leveraged positions, and more.

However, to approach the best brokers on MOEX effectively, substantial capital, often in the millions, is required.

Opportunities for profit exist in IIAs and other passive investments, but long-term investments are more about preserving capital.

Forex Brokers in Russia

There are no standalone forex brokers in Russia; instead, dealers, managed by major banks or brokerage companies, conduct internal trading based on demand and supply.

In 2023, there are only four reliable Forex brokers in Russia:

Alpha-Forex
Finam-Forex
VTB 24 Forex
BCS Forex

These are the only licensed brokers with licenses from the Central Bank of Russia (CBR), exclusively offering currency pair derivatives.

Russian Forex brokers stand out from Eurozone intermediaries with:

Leverage up to 1:50
Limited currency pairs (around 20)
Trades starting from 0.01 lots

Top Forex brokers in Russia act as tax agents, simplifying tax calculations for traders, especially newcomers.

Issues with profit withdrawals and identity verification are minimized with top-rated Russian brokers, managed by banks or related entities.

Most experienced Forex traders worldwide focus on currency pairs, making legal Russian brokers sufficient for 70–80% of traders.

Fake Brokers

Many Russian Forex broker rankings include offshore dealing centers, often former CBR-licensed entities. However, half of the top 10 Russian brokers are offshore “kitchens.”

You can profit with them if you:

don’t deposit large sums
trade cautiously

Be cautious with “kitchens” in the Forex market, as significant profits can lead to fund withdrawals and account blocking.

Offshore dealing centers in Russian broker lists entice with leverage, diverse assets, and attractive bonuses, but beware, these are often bait.

Unregistered intermediaries also find their way into rankings, aiming to steal clients’ capital.

Rating Forex frequently updates its list of reliable Russian brokers, as fraudulent entities attempt to deceive clients, posing significant risks for those seeking honest Russian intermediaries for genuine earnings.