Russian Forex brokers

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Brokers in Russia 

Brokers in Russia operate under strict jurisdiction, providing high-level client protection, but with limitations. 

Russian brokers fall into three categories: 

  • Stockbrokers 
  • Forex brokers 
  • Fake brokers 


The largest Russian brokers operate on the Moscow Exchange (MOEX) and the Saint Petersburg Exchange (SPBEX). As of 2023, there are 564 companies in various markets, including stocks, futures, currencies, and money, with an additional 14 in the commodity market. 

Top brokers in Russia offer spot and futures trading, Individual Investment Accounts (IIAs), leveraged positions, and more. 

However, to approach the best brokers on MOEX effectively, substantial capital, often in the millions, is required. 

Opportunities for profit exist in IIAs and other passive investments, but long-term investments are more about preserving capital. 

Forex Brokers in Russia

There are no standalone forex brokers in Russia; instead, dealers, managed by major banks or brokerage companies, conduct internal trading based on demand and supply. 

In 2023, there are only four reliable Forex brokers in Russia: 

  • Alpha-Forex 
  • Finam-Forex 
  • VTB 24 Forex 
  • BCS Forex 

These are the only licensed brokers with licenses from the Central Bank of Russia (CBR), exclusively offering currency pair derivatives. 

Russian Forex brokers stand out from Eurozone intermediaries with: 

  • Leverage up to 1:50 
  • Limited currency pairs (around 20) 
  • Trades starting from 0.01 lots 

Top Forex brokers in Russia act as tax agents, simplifying tax calculations for traders, especially newcomers. 

Issues with profit withdrawals and identity verification are minimized with top-rated Russian brokers, managed by banks or related entities. 

Most experienced Forex traders worldwide focus on currency pairs, making legal Russian brokers sufficient for 70–80% of traders. 

Fake Brokers

Many Russian Forex broker rankings include offshore dealing centers, often former CBR-licensed entities. However, half of the top 10 Russian brokers are offshore “kitchens.” 

You can profit with them if you: 

  • don’t deposit large sums 
  • trade cautiously 

Be cautious with “kitchens” in the Forex market, as significant profits can lead to fund withdrawals and account blocking. 

Offshore dealing centers in Russian broker lists entice with leverage, diverse assets, and attractive bonuses, but beware, these are often bait. 

Unregistered intermediaries also find their way into rankings, aiming to steal clients’ capital. 

Rating Forex frequently updates its list of reliable Russian brokers, as fraudulent entities attempt to deceive clients, posing significant risks for those seeking honest Russian intermediaries for genuine earnings.