Dealers went to the Central Bank for a license: next in line is Forex Club
This is already the third Russian broker on the market applied for a license from the Bank of Russia. It was LLC "Club" under the brand of Forex Club. Forex Club is already a member of the SRO TsRFIN, so in case of a positive answer from the Central Bank, two criteria of compliance with the law "On", regulating the relations on the Russian Forex market, will be fulfilled at once.
Forex Club joined Finam and Profit Group
It is worth noting that Finam and Profit Group have already applied to the Bank of Russia for a license. However, all is not so smooth in the regulation of the Forex market in Russia. The law "On", which came into effect as early as October 1, according to which the operating dealers must obtain a license from the regulator before January 1, 2016, may be has been postponed for another year. At least this is requested by a number of representatives of the market business .
No one will have time to get a license before January 1, 2016
Considering that the deadline for reviewing documents for a dealer's license in Bank of Russia The timeframe for the registration of a Russian dealer is 60 days, none of the market participants will be able to operate from January 1, 2016 until they receive the relevant permission from the Central Bank, although there is a chance that the regulator can manage it in a shorter timeframe. And those who, under favorable circumstances, will be able to officially call themselves Russian dealers at the beginning of 2016 are not so numerous. So far there are only three of them: Finam, Profit and Forex Club.
Well, the first three pioneers are formed, soon others will follow.