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Regulated Forex in Russia and in the world
As Forex in Russia on the "special rights", we have to admit - the current situation with regulation of Forex brokers is not the most transparent. If in some foreign countries a company that provides services to the public in the financial markets, control of "voluntary/forced", in Russia this has not achieved.
On the one hand, someone can stay in the "shadow tax" and it is a plus, on the other hand, the rights of the traders especially no one to defend, except that the self-regulatory organizations.
Can you trust kroufr, CRFIN and others?
In Russia while there is no single official control on the Forex market, such as NFA in USA or FSA in the UK. The company sees the sense to apply to one or another governing organization only in case if it wants to improve its image in the eyes of traders. Please note that many beginning speculators in the financial markets wanting to protect their capital not only from the commercial risks, but also from non-trading risks, learn about how and by whom the broker is regulated.
Thus, to have on your website logo, for example, kroufr is a demonstration of the transparency of their intentions, the reliability and importance of the company. The client will be pleased that his rights have someone to fight, if there is a conflict with the broker.
Regulators of Forex in Russia
There is reason to believe that Russia, over time, the FFMS (Federal financial markets service) will assume the responsibilities of the regulatory body for Forex. At the moment there are "breakaway" organizations in which broker has the discretion to join.
Here are the main organizations in the Russian Federation that regulate the activity of brokers in Forex:
• RAFMM
• Kroufr
• CRFIN
• FMRRC
Sometimes it happens that some companies will decide to create a regulated Forex in the Russian Federation. Do You think that this has been done? To create an organization which will assume the functions of the financial controller and will control them. Agree,it is very convenient.
Thus, some of the regulators with whom they must control. Another option - the organization creates non-profit, independent call names, but takes the money (for example, not officially) for the inclusion in your list another broker, and then, for example, and collects annual fees for participation. Than not a business?
To form your own attitude to other regulators, spend time learning of customer complaints, which, as a rule, are freely available. You can get acquainted with the situation, assess the problem yourself and then see what decision was taken by the Commission. Naturally, the Commission, consisting of representatives of some brokerage companies will not ever penalize (call broker for payment of the claim) in large amounts.
If the Russian government still "reach hands" to the currency market and they will be engaged in, for example, the FFMS, the situation will immediately change for the better. All the state apparatus is not a self-regulatory organization established for the formation of their "enclave" and collect taxes from participants.
At the moment, the founders of the brokerage companies of choice offshore, pursuing several objectives:
• low taxes;
• legal distance from most customers;
• "soft" regulation by local organizations involved in this activity.
Is there any benefit to the trader from all these "regulators"? In the opinion of the author is, but in most cases small. Of course, much safer to work with those who controlled, for example, the NFA, it should be understood that it is desirable to be a US citizen and be proficient in English.
I would like to add that you can reduce the number of disputes and unpleasant things while trading in Forex you can, if you carefully read the documents of the company, which opened up a trading account (e.g., regulations, client agreement, etc.). I hope You got an idea of the situation with the regulation of Forex in Russia.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 416
| Rating: 0.0/0 |
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