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
Key To Markets is regulated by the Financial Conduct Authority (FCA) and the Financial Services Commission (FSC), providing traders with security and confidence in the platform's legitimacy.
The broker offers Myfxbook AutoTrade, allowing traders to link their MT4 trading account to preferred trading systems listed on Myfxbook.com. This feature enables traders to follow successful strategies without performance fees or management charges.
Key To Markets provides competitive spreads, making it an attractive option for cost-conscious traders seeking favorable trading conditions.
One drawback of trading with Key To Markets is the relatively limited availability of educational resources. Traders seeking comprehensive learning materials may find the offerings to be somewhat limited.
Key To Markets lacks live chat support, which can be a disadvantage for traders who prefer immediate assistance when encountering issues or inquiries.
The absence of a trader forum on the platform may be a drawback for those who value engaging with a community and sharing insights and experiences with fellow traders.
Pros, cons & fees
Two commission-free accounts: Charging trading commissions on transactions is how many brokers make their profit. However, BSC Forex offers its customers two commission-free accounts; pro and direct.
Offers a range of tradable instruments: BSC has multiple trading instruments on its platform. Traders can access forex pairs, commodities, cryptocurrencies, CFDs, and stocks.
Popular Trading Platforms: BCS Forex provides clients access to the popular MetaTrader 4 and MetaTrader 5 platforms. These platforms are available on the web and the broker's proprietary mobile app.
Charges Inactivity Fees: Unlike many brokers who wait about 12 - 16 months before charging inactivity fees, BCS Forex charges its customers a $100 monthly inactivity fee after six months of an account's dormancy.
Charges Personal Income Tax: This review gathered that BSC Forex is a tax agent; hence, clients must pay personal income tax on every withdrawal.
Limited Customer support: The customer support channels on BCS Forex are only available 24/5 between 9 a.m. and 9 p.m. GMT +3. This implies that trading hitches can only be resolved on weekdays and within the specified 12 hours.
Pros, cons & fees
Regulated for the safety of funds.
Flexible leverage up to 1: 1000 for potential profits.
Wide range of assets including currency pairs, metals, energies, and indices.
Limited educational resources for beginners.
The high minimum deposit for certain account types.
Limited trading restrictions.
Pros, cons & fees
Offers multiple account types to cater to different trading preferences.
Implements negative balance protection, safeguarding traders from losses exceeding their account balance.
Provides an excellent range of instruments, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.
Restricted regional availability may limit access for traders from certain regions.
The lack of MT4 and MT5 trading platforms may disappoint traders accustomed to these popular platforms.
According to few reviews, the withdrawal process can be lengthy, taking 8-10 business days, which may inconvenience traders needing prompt access to their funds.
GO Markets
Investor protectionBonusVolume Rebate Program by GO Markets
Great Customer ServiceMin deposit $0Max leverage 1:500Regulated by FSC, ASIC, CySEC +2Add to compare list4.1 / 5Start tradingPros, cons & fees
Highly Regulated Broker: GO Markets is licensed by ASIC (Australia), CySEC (Cyprus), FSC (Mauritius), and FSA (Seychelles).
Extensive Range of Tradable Assets: The broker offers 600+ instruments, such as forex, indices, commodities, metals, cryptocurrencies, and CFDs on global stocks.
Multiple Trading Platforms: Unlike most brokers who merely support MT4 or MT5, GO Markets provides cTrader, TradingView, and WebTrader as well.
No Fixed-Spread Accounts: All accounts are variable spread, which might not suit traders who prefer the stability of fixed spreads.
Regional Restrictions: Clients from certain countries, including the US and Canada, cannot open accounts due to regulatory limitations.
No Islamic or Swap-Free Accounts: Go Markets does not offer Islamic or Swap-Free accounts unlike many popular brokerages.
IUX Investor protectionBest For High Volume TradingMin deposit $50Max leverage 1:3000Regulated by ASIC, FSCA, FSCAdd to compare list4.1 / 5Start tradingPros, cons & fees
Multi-Regulated Broker: IUX is regulated by ASIC (Australia), FSCA (South Africa), and FSC (Mauritius). The multi-regulated setup allows flexible trading conditions and security features.
Ultra-Low Trading Costs and High Leverage Options: Spreads starting from 0.0 pips on Raw accounts with competitive $7 per lot commission. Standard accounts offer commission-free trading with spreads from 0.2 pips. The company offers 1:3000 leverage across all account types, providing significant trading flexibility for experienced traders.
Very Low Barrier to Entry: Traders can start trading with as little as $10, making the company one of the most accessible brokers for beginners and traders with limited capital.
Limited Geographic Availability: The broker does not operate in the US, UK, EU, Canada, Australia, Japan, and several other restricted countries.
No MetaTrader 4 Support: Only MT5 is available for those who prefer MetaTrader platforms, which may disappoint traders accustomed to MT4.
Our ranking methodology and selection process