The Central Bank of Russia (Bank of Russia) is the megaregulator responsible for monetary policy and financial supervision in the Russian Federation. Since 2013, the CBR has served as the integrated financial regulator, absorbing the functions of the former Federal Financial Markets Service. The CBR implemented a forex dealer licensing regime in 2016, significantly restricting the number of legally operating forex brokers in Russia.
- Forex dealer licensing regime under Federal Law (since 2016)
- Mandatory membership in a self-regulatory organisation (SRO)
- Compensation fund contributions by licensed forex dealers
- Mandatory segregation of client funds
| Instrument | Retail | Professional |
|---|---|---|
| Major Forex | 1:50 | 1:50 |
| Minor Forex | 1:20 | 1:20 |
Only a small number of forex dealers hold valid CBR licences. Many international brokers are not authorised to operate in Russia.
Body: Bank of Russia Internet Reception / SRO arbitration
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