Best Forex Brokers in Russia 2019

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

Alpari

Regulated By:FSC

Foundation Year:1998

Headquarters:Mauritius

Min Deposit:$5

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Your capital is at risk

Your capital is at risk

eToro

Regulated By:ASIC, CySEC, FCA, MiFID

Foundation Year:2007

Headquarters:Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

Min Deposit:$200

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75% of retail CFD investors lose money

75% of retail CFD investors lose money

FP Markets

Regulated By:ASIC

Foundation Year:2005

Headquarters:Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit:$100

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Your capital is at risk

Your capital is at risk

Libertex

Regulated By:CySEC

Foundation Year:2014

Headquarters:Gladstonos and Karaiskaki Street, off 31, Limassol 3032, Cyprus

Min Deposit:$10

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Your capital is at risk

Your capital is at risk

Markets.com

Regulated By:ASIC, CySEC, FCA, FSCA

Foundation Year:2008

Headquarters:Safecap is located at 148 Strovolos Avenue, 2048, Strovolos, P.O.Box 28132, Nicosia, Cyprus.

Min Deposit:$100

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CFDs carry risk. 73% of traders lose

CFDs carry risk. 73% of traders lose

Bellow you can find a comparison table of all the best Forex brokers in Russia

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
Alpari
Visit Broker>

Your capital is at risk

FSC

$5

1:1000

MT4, MT5

1998

ECN, STP

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Your capital is at risk

eToro
Visit Broker>

75% of retail CFD investors lose money

ASIC, CySEC, FCA, MiFID

$200

1:30

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, Zulutrade

2007

Market Maker, No dealing desk, STP

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75% of retail CFD investors lose money

FP Markets
Visit Broker>

Your capital is at risk

ASIC

$100

1:500

IRESS, MT4, MT5

2005

DMA, ECN

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Your capital is at risk

Libertex
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Your capital is at risk

CySEC

$10

1:600

N/A

2014

Market Maker

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Your capital is at risk

Markets.com
Visit Broker>

CFDs carry risk. 73% of traders lose

ASIC, CySEC, FCA, FSCA

$100

1:300

MT4, MT5, Proprietary

2008

Dealing Desk

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CFDs carry risk. 73% of traders lose

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.

Conclusion

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.

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