The Bank of Russia is a financial mega-regulator in Russia, so the fact that it has finally issued a license to the Forex Club company can be considered a significant step forward for the Forex dealer. It should be recalled that the path to obtaining a license was quite long, because it was issued only on the second attempt. Now Forex Club becomes the fifth company that can carry out dealer activities in the Forex financial market in the territory of the Russian Federation.
The presence of a license speaks volumes: the company meets the highest requirements for those dealers of the financial market who want to work in Russia, as well as the financial stability and reliability of the company.
Moreover, in connection with this event, the National Association of Forex Dealers (NAFD) also appears in the news of the financial world, which also applied for a license, but so far all attempts have been unsuccessful. Most likely, the issuance of a license to the Forex Club will serve as another reason to apply for a license for NAFD.
In general, we can say that the issuance of a license to the Forex Club was a step forward for the process of licensing the Forex market. The law “On Forex” was released only this year, and full-fledged Forex dealers can be counted on the fingers.
