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've collected thousands of datapoints and written a guide to help you find the best Russian Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best russian brokers below. You can go straight to the broker list here.
When trading in Russia you will need to know what your options with your Russia trading broker are.
We list below the trading account types available in Russia. If you are looking for brokers in Russia that are suitable for trading in the Forex, CFD's, Indices 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.
Forex trading is growing in popularity in Russia. The volume of Forex traded in Russia has increased year on year over the last five years.
Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.
Advances in online technology, higher internet coverage in Russia and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.
Their is a misconception that trading Forex on the financial market in Russia is considered unsafe. This is not the case, Forex trading in Russia is very active.
Trading in Forex is allowed in Russia as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Russia Forex trading is not banned, their are many international online brokers offering favourable trading conditions.
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. Russia taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Russia. You should seek advice with a Russia tax professional to ensure they are abiding by all proper tax laws in Russia. In Russia Islamic accounts do not have additional restrictions on trades.
Cryptocurrency markets in Russia are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in Russia things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Russia for example.
Due to a large young population in Russia with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Russia. $6 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.
There are a number of important factors to consider when picking an online Russian trading brokerage.
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.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Russian Brokers (RU).
Compare Russian Brokers min deposits, regulation, headquarters, benefits, funding methods and fees 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 |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Pepperstone
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EasyMarkets
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XM
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Plus500
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FXPrimus
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Rating | |||||||||||
locality | eToro accept Russian clients | IC Markets accept Russian clients | XTB accept Russian clients | AvaTrade accept Russian clients | Roboforex accept Russian clients | FP Markets accept Russian clients | Pepperstone accept Russian clients | easyMarkets accept Russian clients | XM accept Russian clients | Plus500 accept Russian clients | FXPrimus accept Russian clients |
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 200 | 100 | 5 | 100 | 100 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ | 142,500+ | 3,500,000+ | 15,500+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with plus500 |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 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. | 72% of retail investor accounts lose money when trading CFDs 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Plus500 Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
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 2021 article further below. You can see it now by clicking here
We have listed top Russian brokers below.