The Bank of Russia already obliges SROs of forex dealers to develop standards that will be used to conduct business in the Russian Federation. At the same time, the issue of accreditation of another candidate is also being decided. But even in this very difficult situation, representatives of the brokerage industry are not lost, trying to get the most out of the current situation. For example, one of the members of the former CRFIN, now NAFD, is preparing to join the Forex SRO AFD, and the number of its members has decreased to 5.
At the moment, NAFD consists of two main members – VTB 24 Forex and Forex Club, as well as three more members – Alpari, ICS Trade and Fix Dealing. Thanks to the main participants, NAFD has already applied for SRO accreditation. The answer has not yet arrived, but the NAFD members decided not to wait for it. VTB 24 has already become part of the accredited AFD, Forex Club is next in line. Both brokers are in no hurry to leave the NAFD, although if it is accredited, no one will be able to sit on two chairs – they will have to choose with whom to stay.
In order to be accredited, NAFD had to pretty much clean up the lists of its members – to remove those who do not like licensing. As a result, out of 16 members, five remained, but those who will not interfere with accreditation. But among those who were removed, there are well-known names and company names. According to the NAFD Communications Director, no one has applied to withdraw from NAFD, so after accreditation there is A chance to take everyone back, if they want to, of course.
Brokers are sympathetic to the situation, many have already removed the company’s logo from their websites, and many have not yet really, NAFD works with many brokers who were part of it and who have never been its members.
