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Bank of Russia denies forex broker license to Alpari, Forex Club

Discussion in 'Forex Brokers' started by Eliza Abrams, Jun 3, 2016.

  1. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    Russia’s financial megaregulator, the Bank of Russia has denied forex broker license to the two largest forex brokers in terms of trading volume in 2015 in the country – Alpari and ForexClub.

    In two separate official statements with identical wording on its site, dated June 2, the central bank said it has decided to deny license for professional participant in the stock market and activities as forex dealer of Alpari Forex Ltd. (Moscow) and Forex Club Ltd. (Moscow).

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