Best Forex Brokers in Russia
Russian traders have access to many local and international brokers, so choosing the best one can be quite confusing. To save you the hassle, we have carefully reviewed dozens of brokers and created a list of top 10 forex brokers for Russian traders. We reviewed their regulations, tradable instruments, customer support, features, and much more.
Pros, cons & fees
User Friendly Proprietary Platform: The broker offers an intuitive web-based trading platform and mobile app with TradingView integration. The mobile and web apps are easy to use and highly accessible.
Extensive Variety of Tradable Assets: Access over 300 CFD instruments including forex pairs, global indices, commodities, stocks, metals, and cryptocurrencies from a single trading account.
Tiered Account Structure: Three clearly defined account levels (Silver, Gold, VIP) with progressive benefits including swap discounts up to 60% and tighter spreads for higher tiered accounts.
Offshore Regulation Only: MISA (Comoros) is an offshore regulator with limited oversight.
No MetaTrader Support: The broker does not offer MT4 or MT5 platforms which may disappoint traders who are more accustomed to these platforms.
Higher Minimum Deposit: Minimum deposit of $250 USD is slightly higher than many brokers usually offer. However, there is an option of a demo account for a risk-free approach.
Pros, cons & fees
Extensive Range of Tradable Assets: FirstECN offers 300+ CFD instruments across forex, stocks, indices, commodities (including precious metals), and cryptocurrencies.
High Leverage & Spreads: The broker offers leverage of up to 1:200 for all account tiers.
Low Spreads: FirstECN generally offers low spreads starting from 1.2 pips to 1.9 pips depending on the trading account type.
Offshore Regulation: The company is regulated by MISA, which is an offshore regulator. Thus, it lacks the strict oversight and regulatory framework of EU regulators.
No MetaTrader Platforms: The broker does not offer MetaTrader 4 or 5 unlike most brokers.
No Swap-Free/Islamic Account: FirstECN offers swap discounts on different account tiers, but lacks a swap-free Islamic account.
SpovaBonusTrading Credit Bonus Scheme by Spova
Extensive Educational ResourcesMin deposit $250Max leverage 1:400Regulated by NoAdd to compare list4.1 / 5Start tradingPros, cons & fees
High Leverage Trading: Spova offers a high leverage of 1:400, much higher than what many brokers offer.
24/7 Multilingual and Multichannel Support: Spova offers customer service via calls, live chat, and emails 24/7 in 10+ languages.
Proprietary Trading Platform: The company offers its proprietary WebTrader platform that you can access straight from browser and stay on top of your trades from anywhere.
Offshore Regulation: Spova has an offshore regulation, which means the company lacks advanced security features and strict oversight.
Limited Availability: Spova does not accept clients from the US, EU, GCC, and the UK.
No MT4 or MT5 Trading Platform: The company lacks MT4 and MT5 platforms.
LBXBonusWelcome Bonus by LBXVery High LeverageMin deposit $20Max leverage 1:1000Regulated by FSCAdd to compare list4.1 / 5Start tradingPros, cons & fees
Part of Trusted Libertex Group: LBX is operated by MAEX LIMITED and is part of the reputable Libertex Group with 28 years of experience in the financial markets.
Extensive Range of Tradable Assets: Access to forex, equities, metals, indices, index futures, bonds, commodities, energies, and cryptocurrencies.
Popular Trading Platforms: Full access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms on desktop, web, and mobile devices (Android and iOS).
Limited Educational Resources: Educational content is not as extensive compared to other established brokers.
New Broker: LBX launched in 2024, making it a relatively new name.
High Leverage Risk: The high leverage (up to 1:100) can significantly increase the risk of losses for inexperienced traders.
Pros, cons & fees
Extensive Range of Tradable Assets: The broker offers an extensive range of CFDs with more than 350+ instruments spread between forex, crypto, commodities, metals, indices, and stocks.
MT4 and MT5 Trading Platforms: Access to industry leading MetaTrader 4 and MetaTrader 5 trading platforms.
Floating Spreads and Low Trading Fees: TradeEU Global offers low spreads and discounted swap fees (on Gold and Silver Account tiers). You are not charged inactivity fees unlike other brokers usually charge.
Offshore Regulations: TradeEU Global has an offshore FSC Mauritius regulation. The broker does not have any tier-1 regulators, thus lacks advanced security features you usually see with ASIC and FCA regulated brokers.
Slightly High Initial Deposit: You can start trading after submitting an initial deposit of $250, which is slightly higher than many other brokers.
Pros, cons & fees
Multilingual Customer Support: Support is available in nine languages, including English, French, Spanish, Italian, German, Portuguese, Polish, Turkish, and Russian.
200+ Tradable Assets: FRTX offers access to more than 200 CFD instruments across forex, stocks, indices, commodities, and cryptocurrencies.
Proprietary Web Platform: The broker provides its own proprietary FRTX Web platform, which combines trading, account management, and market monitoring within the same environment.
No MetaTrader 4/5 Options Available: MetaTrader 4 and MetaTrader 5 are not available. Traders are limited to the broker's proprietary FRTX Web platform.
High Minimum Deposit: The platform's Basic account requires a hefty $500 minimum deposit, which is higher than most brokers require.
Limited Customer Options: Support is available only via form submission. No live chat or call support.
Pros, cons & fees
Extensive Range of Tradable CFDs: SuxxessFX offers around double (320+ in total) the number of tradable assets you usually get from a broker.
No Withdrawal, Deposit, and Inactivity Fees: The trading fees from SuxxessFX are very straightforward with no fees on withdrawals, deposits, and inactivity.
Proprietary Mobile and Browser Trading Apps: Instead of third-party trading platforms, SuxxessFX offers proprietary WebTrader and mobile trading apps.
No MetaTrader 4 or MetaTrader 5 Options: MetaTrader 4 and MetaTrader 5 are super popular trading platforms among traders. SuxxessFX does not offer these platforms.
Lack of Educational Resources: Brokers usually have extensive material for traders on their websites. SuxxessFX has a brief FAQs section on their website instead.
Offshore Regulation: Even though the company is registered in Cyprus, the company operates under FSA Seychelles regulation. It could be a step to avoid strictness tier-1 regulatory bodies usually have.
Pros, cons & fees
A Wide Range of Tradable Assets: TradGrip offers around 250 tradable assets including forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
Multiple Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts Silver, Gold, and Platinum and a demo account.
WebTrader and Proprietary Mobile App: Trade with the browser based WebTrader or trade from the company’s proprietary mobile trading app.
No Swap Free or Islamic Accounts: Swap-free or Islamic accounts are not available on TradGrip. All the accounts charge swap fees for overnight positions. However, swap discounts are available on Gold and Platinum accounts.
Offshore Regulation: TradGrip is regulated by MISA in the Union of Comoros. MISA is not a tier 1 regulator.
No MT4 or MT5 Options: TradGrip offers WebTrader and does not offer MetaTrader 4 and MetaTrader 5 trading platforms.
Pros, cons & fees
Extensive Range of Tradable Assets: CapPlace offers around 300 tradable assets ranging from forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts (Silver, Gold, and Platinum) and a demo account.
Mobile App and WebTrader: Trade with the browser-based WebTrader or trade from the company’s app on Android and iOS devices.
No Swap-Free or Islamic Accounts: Swap-free or Islamic Accounts are not available on CapPlace. All the accounts charge swap fees for overnight held positions.
Offshore Regulation: CapPlace is regulated by MISA in the Union of Comoros. MISA is not a tier-1 regulator.
No MT4 or MT5 Options: CapPlace does not offer MetaTrader4 and MetaTrader5 trading platforms.
Pros, cons & fees
Extensive range of tradable instruments: With over 160 CFD instruments available, including stocks, forex, indices, commodities, metals, and cryptocurrencies, traders have ample options to diversify their investment portfolio.
Commission-free trading: There are no commissions on standard trades as the broker earns from spreads, which are also very competitive (starting ~0.9 pips). This transparent fee model means lower and straightforward costs for traders.
24/7 Multilingual Customer Support: Customer support is accessible 24/7 in four languages to help traders access support in their preferred language.
Offshore Regulation: Savexa is regulated in Mwali (Comoros) instead of a tier-1 regulatory jurisdiction. The broker is offshore regulated which means the investors do not get the tier-1 investor protection features.
Lack of MetaTrader Platforms: Savexa does not offer the popular MetaTrader 4 or 5. Many seasoned brokers prefer using MetaTrader for their trades instead of WebTrader.
Limited Advanced Strategies: The broker does not allow advanced strategies like scalping and arbitrage trading. Lack of MetaTrader further means copy trading and auto trading are absent as well.
Our ranking methodology and selection process