Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

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.

Order by
51Colmex ProWide Range Of Payment OptionsMin deposit $500Max leverage 1:400Regulated by CySECAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Wide range of payment optionsRead review
Pros

  • Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.

  • The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.

  • Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.

Cons

  • Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.

  • Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.

  • While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.

Withdrawal fee $25Deposit fee $0
52FXPRIMUSBonusWelcome Gift (Cash Reward) by FXPrimusBest For MT4 BrokerRegulated by CySEC, VFSCAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • A wide range of trading assets: FXPRIMUS provides 120 trading assets, including currency pairings, precious metals, petroleum products, indices, CFDs, and cryptocurrencies.

  • Strong security network: FXPrimus employs specialized software and advanced encryption technologies with 128-bit keys.

  • High Insurance Coverage: FXPrimus covers each client's fund for up to 5 million euros. Hence, clients can rest assured that their money is safe.

Cons

  • Limited Availability: FXPRIMUS broker's client support service is only available 24 hours a day, five days a week, limiting its customer support services to only weekdays.

  • Selective Compensation Claims: FXPRIMUS does not recognize any moral compensation claims. Hence, traders will not be compensated for any such claims.

  • System Malfunction: Although this rarely happens, there are technical hitches that may necessitate a full platform restart.

53Octa FXBonusDeposit Bonus for Referred Users by OctaFx1:1000 Max LeverageMin deposit $10Max leverage 1:1000Regulated by CySEC, FSCA, MISAAdd to compare listRating 3.8 / 5Start trading
Pros, cons & fees
Social tradingAuto tradingSwap-free accountsRead review
Pros

  • Competitive Spreads and No Commissions

  • High Leverage Options

  • Fast Withdrawal Processing

Cons

  • Limited Range of Tradable Instruments

  • Not Regulated in Top-Tier Jurisdictions

  • Limited Educational Resources

Withdrawal fee $0Deposit fee $0
54FXNovus24/7 Customer SupportMin deposit $250Max leverage 400Regulated by FSC (BVI)Add to compare listRating 3.7 / 5Start trading
Pros, cons & fees
24/7 Customer SupportVariety of Trading InstrumentsAffiliate ProgramSpecialized trading accountsRead review
Pros

  • Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring compliance with industry standards.

  • Offers multiple channels for contacting support, enhancing accessibility and responsiveness.

  • Provides round-the-clock customer support, accommodating traders across different time zones.

Cons

  • There is an absence of MT4 or MT5 platforms, which need to include features and functionalities preferred by many traders.

  • Offers a less extensive list of tradable assets than some competitors, limiting investment opportunities.

  • Withdrawal times can be lengthy, potentially causing inconvenience for traders requiring prompt access to funds.

Withdrawal fee $0Deposit fee $0
55Finam ForexBest For Novice TradersRegulated by CBRAdd to compare listRating 3.7 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalRead review
Pros

  • Established Reputation in Russian Markets

  • Diverse Platform Options

  • Access to Multiple International Exchanges

Cons

  • Limited International Regulatory Oversight

  • Mixed Customer Service Experiences

  • Reported Withdrawal Issues

56OnFin brokerBonus100% welcome bonus1:1000 Max LeverageMin deposit $1Max leverage 1:1000Regulated by MISAAdd to compare listRating 3.7 / 5Start trading
Pros, cons & fees
Read review
Pros

  • High Leverage Options

  • Diverse Account Types

  • Multiple Trading Platforms

Cons

  • Recent Domain Creation

  • Limited Social Media Presence

  • Moderate Risk Rating

Withdrawal fee $0Deposit fee $0
57Yadix.comBonus25% welcome bonusBest STP BrokerRegulated by FSC (BVI)Add to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Free VPS hostingRead review
Pros

  • Yadix offers tight raw bank spreads as low as 0.0 pips on major currency pairs, ensuring favorable pricing for traders.

  • The Broker offers support for copy trading, a popular feature that allows traders to replicate the trades of successful and experienced traders.

  • Yadix has an extensive education center with learning e-books, videos, and guides, allowing new traders to enhance their skills, improve their strategies, and gain insights from forex professionals.

Cons

  • There have been controversies surrounding the regulation of Yadix, as claims of being regulated by the IFSC (International Financial Services Commission) lack supporting license numbers. Traders should exercise caution and conduct thorough research before making a decision.

  • Yadix has received substantial negative reviews online, indicating certain concerns or issues some customers face.

  • While the Classic account does not charge commissions, other account types, such as the Scalper and Pro, carry relatively high commission fees.

58ModMountWeb Trading PlatformMin deposit $250Max leverage 1:400Regulated by FSAAdd to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Affiliate ProgramWebTrader platformSpecialized trading accounts24/7 Customer SupportRead review
Pros

  • The broker provides a personalized Web Trading Platform, enhancing the user experience and catering to individual trading preferences.

  • Traders benefit from daily trading signals, helping them stay informed about market trends and potential trading opportunities.

  • Negative Balance Protection ensures that traders do not lose more than their initial investment, safeguarding against excessive losses.

Cons

  • The broker provides limited educational and research tools, which may hinder traders' ability to expand their knowledge and make informed trading decisions.

  • ModMount does not offer MT4, MT5, or algorithmic trading options, limiting the choices available to traders who prefer these platforms.

  • Traders may incur a inactivity fee if their account remains dormant for an extended period, potentially impacting their account balance.

Withdrawal fee $0Deposit fee $0
59AAFX TradingBonus35% welcome bonusBest For High Leverage TradingRegulated by FSA (SV)Add to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/5 instant money withdrawalRead review
Pros

  • Islamic account option

  • Competitive affiliate program

  • Competitive trading conditions

Cons

  • No US Clients

  • Limited trading restrictions

  • Limited research and analysis tools

60ForexMartBonus30% deposit bonusBest Commission Free TradingRegulated by CySECAdd to compare listRating 3.6 / 5Start trading
Pros, cons & fees
Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • ForexMart offers various trading instruments, including Forex, metals, energies, and cryptocurrencies.

  • The Broker provides clients with low spreads, making it an affordable option for those looking to trade Forex.

  • ForexMart offers high leverage, which allows traders to increase their potential profits.

Cons

  • ForexMart charges withdrawal fees depending on the payment method, which can add up over time.

  • The spreads for some instruments offered by ForexMart are not as competitive as other brokers in the market.

  • There is a lack of educational materials such as trading strategies, e-books, and webinars on Forex, commodities, CFDs, and stocks.

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Our ranking methodology and selection process