We found 11 online brokers that are appropriate for Trading Russian.
In 1991 the Soviet Union collapsed, bringing to end the centralized government as well as the economy after about 69 years. This affected the Russian financial sector badly.
Over the last 30 years, amid a few disruptions due to trade sanctions, the country has emerged as a vibrant and viable place for traders.
Moscow Exchange (MOEX) is the primary stock exchange here. Prior to 2011, it was called the Russian Trading System (RTS).
MOEX was founded with the merging of RTS and the Moscow Interbank Currency Exchange (MICEX).
It is equipped with RTS Index and MOEX Russia Index. Bank of Russia (CBR) is the primary regulatory body and all the Russia brokers abide by its enforced laws.
Rouble or ruble (RUB) is the national currency used in Russia and most of the Russian brokers dealing with foreign traders appreciate accepting it.
A handful of Russian brokers are based in Russia and they are serving both domestic as well as overseas clients. For the Russian traders, it is not mandatory to deal with only local Russian brokers.
They can open an account with international brokers too that are able to serve Russian traders.
There are many reputable international brokers with regulation with major EU economies like the UK and Germany, that are able to offer Russian traders stocks, Forex, CFD and commodities trading.
Selecting Russia brokers for ether domestic clients or foreign clients, the first thing to look for is their regulatory license. Confirm that the brokers are well regulated either by the CBR or by the local jurisdiction.
This will ensure your deposited funds are safe and secure, and your account is in the right hands.
Once you have narrowed your search based on regulation, look whether the Russian brokers are offering industry-standard trading platforms like MT4.
If you are a new trader you should open multiple demo accounts with multiple brokers initially. This is to help clients learn and experience the market without risk real funds.
One of the important things to consider while choosing Russian or Russian brokers is that your funds are kept in segregated accounts apart from the brokers. As part of the regulation the Russian broker should not have direct access to your funds, if for example the broker declares bankruptcy.
Russia is a vast country and most of its population live in urban areas. In terms of GDP, its economy ranks in the top 20 lists of International Monetary Fund (IMF) and with respect to purchasing power parity (PPP) it is one of the 10th in the world. Hence, it offers good opportunities for investors.
Russia has sophisticated consumers and an educated workforce. It is a high-income nation and many large well established Russian corporations. The country has strong logistics and transport links.
World Bank has ranked Russia 31st with respect to ease of doing business and 12th for registering property and things like getting electricity.
Russia's top trading partners are China, Belarus, Netherlands, Italy and Germany. As the country is facing sanctions from the United State and European Union, it has applied counter sanctions that has resulted adversely on agricultural exports.
Russia is a net exporter and so trade tariffs or trade wars in the partner countries may affect its economy hard.
The World Bank has ranked the country 99th in respect to trading across borders. The country is also not favorable in resolving insolvencies, paying taxes and protecting minority investors.
Investors find Russia a favorable market but traders are suggested to trade carefully when trading certain markets.
Local Russian broker Forex trading for example as the country has a history of fraudulent operations.
If you select an international brokerage with reputable regulation within a large EU economy, the UK or Germany for example, this will help in being safer.
In respect of overall ease of doing business, the country ranks within the top 50 globally. Russian brokers are well regulated and the regulatory authorities are very strict on Russian brokers.
We have conducted extensive research and analysis on over multiple data points on Russian Brokers to present you with a comprehensive guide that can help you find the most suitable Russian Brokers. Below we shortlist what we think are the best russian brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Russian Brokers.
When trading in Russia you will need to chec what your options with your Russia trading broker are.
We list below the various regulated trading account types available to traders in Russia. If you are looking for a trading platform or broker in Russia that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Russia broker guide will explain the things you should check and be aware of before you invest.
You've probably noticed how Forex trading is really taking off in Russia, right? Over the past half-dozen years or so, the trading volume in Russia has been on a steady climb. It's like everyone in Russia is getting in on the action. But traders in Russia must understand the risks.
Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.
Modern software, more affordable mobile devices in Russia and higher internet uptake in Russia has increased competition for new trading clients among brokerages in Russia, which has opened Forex trading to a new audience.
There's this common myth floating around that diving into Forex trading in Russia is illegal, this is not the case, but Forex trading in Russia is risky. Forex trading in Russia is not a get rich quick scheme, you will be competing with people not just in Russia, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Russia that's not just reputable but also strictly regulated and allowed to offer services to traders in Russia.
Trading in Forex is allowed in Russia as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Russia and investing internationally. Russia Forex trading is not banned, their are many top-notch international online brokers available to traders in Russia offering regulated trading environments.
Once a traders profits reach a level where the income on the Forex trading can be taxed in Russia the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Russia. You've must file taxes in Russia even if the markets chewed you up and you spat out losses this year. Also in Russia you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Russia who knows the ins and outs of the tax labyrinth in Russia. In Russia, Islamic accounts are not restricted.
Here in Russia, the crypto scene is still pretty new, and cryptocurrency in Russia is getting more and more tangled up in the local financial regulatory rule in Russia. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Russia, they're not as rattled by interest rate shifts or the political drama in Russia that's always on the news. Crypto in Russia is a different beast altogether.
You know, with the surge of younger traders in Russia, who are not only tech-savvy but also starting to speculate with decent money in Russia, there's a noticeable shift happening in Russia towards the crypto market (which is highly volitle and high risk in Russia). Cryptocurrency traders in Russia contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.
In Russia commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in Russia since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Russia are able to take advantage of this demand.
We list brokers that allow you to trade commodities in Russia here.
Russia brokers support Islamic accounts or swap-free accounts. Russia Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Russia offer accounts that are suitable for Islamic traders. These Russia brokers complies with Sharia law.
Russia economy and population is growing. The middle class population in Russia is increasing which means a growing consumer base. Many business and financial opportunities exist in Russia. Russia has a young population educated in technology and the internet.
Russia digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Russia guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. Russia Brokers offering high leverage trades in Russia can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Russia brokers offer as a level of protection. you can learn more about further below on this guide.
Selecting a reliable and reputable online Russian trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Russian more confidently.
Selecting the right online Russian trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable Russian broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for russian trading, it's essential to compare the different options available to you. Our russian brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a russian broker that best suits your needs and preferences for russian. Our russian broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Russian Brokers (RU).
Compare russian brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a russian broker, it's crucial to compare several factors to choose the right one for your russian needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are russian brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more russian brokers that accept russian clients.
Broker | IC Markets | XTB | XM | Pepperstone | AvaTrade | FP Markets | SpreadEx | FXPro | Admiral | FXPrimus | Trading212 |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
locality | IC Markets accept Russian clients | XTB accept Russian clients | XM accept Russian clients | Pepperstone accept Russian clients | AvaTrade accept Russian clients | FP Markets accept Russian clients | SpreadEx accept Russian clients | FxPro accept Russian clients | Admiral Markets accept Russian clients | FXPrimus accept Russian clients | Trading 212 accept Russian clients |
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21 |
Min Deposit | 200 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 200 | 100 | 1 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 180,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 1,866,000+ | 10,000+ | 10,000+ | 15,000,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Sign
Up with admiralmarkets |
Sign
Up with fxprimus |
Sign
Up with trading212 |
Risk Warning | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Demo |
IC Markets Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
FXPrimus Demo |
Trading 212 Demo |
Excluded Countries | US, IR, CA, NZ, JP | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, CA |
You can compare Russian Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Russian Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Russian brokers below.