Best Forex Brokers in Russia 2018

Choosing a broker in Russia should not be a difficult task, however, it often seems to be for many traders. That is why we have compiled a list of the best Russian brokers. The list is based on a combination of our own research and our users’ feedback.

Russia 2018

City Index
ASiC, FCA, MASUnited Kingdom$100Open Account
Your capital is at risk
BaFin, FCAUnited Kingdom$50Open Account
Your capital is at risk
FSASaint Vincent and the Grenadines$0Open Account
Your Capital is at Risk
CySEC, MiFIDCyprus$250Open Account
Your capital is at risk

How to Choose a Forex Broker as a Russian Trader

Forex trading has been booming in Russia ever since the 1990s, with thousands of traders and numerous brokers contributing to the financial markets in Russia. In 1989 Russian authorities introduced flexibility in exchange rates. Shortly after, in 1991, the first currency exchange was set up by the Central Bank of Russia. It is known as the Moscow Interbank Currency Exchange (MICEX). However, the forex market is regulated by the Central Bank of Russia, not by the MICEX.

As it’s not easy to know what makes a good broker, we have boiled it down to three simple steps for choosing a forex broker as a Russian trader.

  1. Do your research. Make sure the broker is regulated by a reputable regulatory agency, preferably by the Central Bank of Russia.
  2. Gather a list of competent brokers and narrow it down through comparison.
  3. Open a demo account. Most brokers these days offer a free demo account to give traders a chance to use the platform. Try trading in different markets and see how you like it.

General Regulation & Russian Regulation

The forex industry and other financial markets were regulated by the Federal Financial Markets Service (FFMS) which was established in 2004. This regulatory body had authority over the markets up until 2013. Now, the Central Bank of Russia has resumed regulation over the financial markets. They oversee, supervise, and implement various regulatory guidelines and policies to ensure a safe and stable financial market for Russian investors and brokerages.

Trading Platform & Software

The best forex brokers in Russia provide the most advanced and up to date trading platforms and software. Designed with the trader in mind, the best trading platforms offer an easy to use and visually pleasing interface, has a variety of analysis tools, and fast speeds for execution. A good trading platform will offer their traders up to date quotes and charts in an organized and easy to use format. The interface should be fast, informative, and easy enough to use. Many forex brokers in Russia offer a free trial of their platforms before a full commitment.

Commissions & Spreads

Spreads and commissions are both very important aspects of a forex broker. They go hand in hand and play a big part in whether the forex broker is worth your while. In fact, the spread is one of the most important things to consider when choosing a forex broker. With that said, we choose forex brokers with low spreads and comparable commissions.

Account Types

The best forex brokers offer a variety of account types to fit your trading needs. For a Russian trader, you want a forex broker that offers a variety of account types. For example, some forex brokers in Russia will offer residents micro, mini, standard and even Islamic forex trading accounts to trade currencies and CFD’s.

Customer Service

Customer service and support is a very important aspect of a trading platform/broker. As a Russian trader, you want quality support in your native language (Russian). Thankfully this is not an issue for most high-end forex brokers. Russia is a big and popular country among forex traders and they should have no problem receiving customer support in Russian.

Additional Services

The best forex brokers in Russia offer their clients in additional services and resources such as educational material, training courses/classes communicative forums, and more.


Our best forex brokers in Russia list is created with the utmost certainty in quality and reputation. We have only gathered regulated brokers who are known to be reputable and competent with the services they provide. All our brokers offer excellent trading platforms, competitive commissions and fees, and a wide range of account types.

Top Brokers
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