Both Finam Forex and VTB24 Forex are members of the self-regulatory organization. There are a total of eight properly licensed forex brokers in Russia – both local and international: Alpari, Finam Forex, Forex Club, InstaForex, Teletrade, TrustForex, VTB 24 and Promsvyazbank. The first stage of the forex standards were enacted earlier this month, almost e year and a half after the laws regulating the market and its players came into effect. The official website of the new york yankees. Russian banking giant VTB Group has become the fourth company to receive a license from the Bank of Russia to operate a retail forex brokerage serving Russian traders. The Bank of Russia has announced that it has issued a professional securities market participant license to VTB subsidiary VTB 24 Forex, effective September 1. VTB24 Forex is member of two self-regulatory organizations: the Association of Forex Dealers (AFD) and the National Association of the Forex Dealers (NAFD) and a compensation scheme. Judging by the fact that is website is in Russian only, obviously the broker is targeting only the local traders. VTB24 Forex LLC is a subsidiary of VTB 24, which was founded to render services to individual clients on Forex. In September, the broker was licensed by the Central Bank of Russia and that allows it to operate as a forex dealer on the territory of the Russian Federation (license No 045-00).

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