Broker organization foreign exchange account case review company license

Broker organization foreign exchange account case review company license List of the best foreign exchange brokers with 2021 central bank license If you trade responsibly, foreign exchange North Enid can bring considerable income. It is necessary to study the structure of the market, obtain the basic knowledge of analysis, and of course choose a broker. Don't think that nothing depends on the company doing the transaction. In this regard, the subject of today’s review is foreign exchange brokers licensed by the Central Bank of the Russian Federation in 2021. I have prepared a list of brokers approved by the Central Bank for you, through which you can trade in the foreign exchange market. The license issued by the Central Bank of the Russian Federation to conduct brokerage activities in the region proves that the company is highly reliable, stable and will not disappear with the money in the account.

Fundamentally speaking, the state protects traders from brokers’ unfair transactions, deception of users and misappropriation of their funds.

The advantage of a licensed foreign exchange dealer is that customers can guarantee the safety of their funds relatively calmly-the broker will not cheat or disappear. If the company goes bankrupt, customers of such companies will be protected by the laws of the Russian Federation. Only currency pairs are used as instruments.

All traders working through a licensed broker can obtain relative emergency protection. Therefore, in the case of bankruptcy of the organization, the user must recover at least a portion of the money.

Licensed intermediaries are only authorized to conduct transactions with reduced risks. In other words, the user obtains a relative guarantee of the safety of funds.
The minimum legal capital required to establish an intermediary company is at least 10 million rubles. This is a necessary measure to avoid bankruptcy of the organization during the first few months of work. In some cases, the regulator may require an increase in capital of up to 80.01 million rubles. In this regard, she is obligated to pay a certain amount from the client's income. What does this have to do with traders? It's simple-they need to pay 14% tax. If you are a non-resident, the tax rate rises to 31%. Withdraw once a year or during the withdrawal of funds from the account.
The reason for the decline was that new immigrants quickly ran out of deposits. -Good for traders but bad for brokers.
Only the most liquid currency pair (27) was used. This is a plus for beginners, because most couples have no special value to them. For experienced traders, innovation can have a negative impact.

All customer money is deposited in special accounts. The company needs to modify its financial plan, but protect traders from theft of funds. The refusal to grant a license to the broker means that the Central Bank of the Russian Federation has not yet confirmed the reliability of the company. This happens when financial plans are not transparent, user complaints are frequent, or there are fraud cases in intermediate service organizations. Unfortunately, the deprived broker did not leave the Russian market. They provide services to traders through foreign legal structures. All customer accounts are opened through offshore companies. Or through companies that are registered abroad and have offshore accounts. In the first case, you will have to pay taxes and use leverage, but you have confidence in the reliability of the intermediary and the legal protection of the country. In the second case, the terms of the cooperation are more flexible, but no one guarantees that your company will not hide your money. this is your choice. I find that it is best to use the services of a licensing organization.
Naturally, you want to know how the Russian foreign exchange market will develop after the Central Bank of the Russian Federation revokes the licenses of some brokers. The answer is simple: no. These companies are already under the jurisdiction of other countries, and Russian users are connected via offshore networks. So far, my comments on the foreign exchange brokers approved by the Central Bank of the Russian Federation in 2021 and brokers that have been revoked are over. I hope you have a broad prospect. Thank you for your attention and see you soon!

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I don't know that some brokers who actively provide services have been deprived of their licenses. They do not advertise for some reason.
An interesting comment, at least I will know who can and who cannot be trusted. Thanks for your comments, you will always get very interesting and informative publications.

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