Best Forex Brokers in Russia 2024

Last updated Mar 2, 2024
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In 2024, the Russian Forex market offers a multitude of trading options. Our top list of the best Forex brokers in Russia will help you choose a reliable platform suitable for your trading strategies.

Top-10 Best Forex Brokers in Russia

Логотип FxPro
1
Foundation Year
2006
Minimum Deposit
$ 100
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsFxPro review
Логотип AMarkets
2
Foundation Year
2007
Minimum Deposit
$ 100
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsAMarkets review
Логотип Deriv
3
Foundation Year
2020
Minimum Deposit
$ 1
4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsDeriv review
Логотип InstaForex
4
Foundation Year
2007
Minimum Deposit
$ 1
4.2/5
Register71.99% of retail investors lose money when trading CFDs with this brokerInstaForex review16 reviews about InstaForex
Логотип FXOpen
5
Foundation Year
2004
Minimum Deposit
$ 1
4.2/5
Register58-60% of retail investors lose money when trading CFDs with this brokerFXOpen review
Логотип Fibo Group
6
Foundation Year
1998
Minimum Deposit
$ 1
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsFibo Group review
Логотип Alpari
7
Foundation Year
1998
Minimum Deposit
$ 20
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsAlpari review5 reviews about Alpari
Логотип Grand Capital
8
Foundation Year
2006
Minimum Deposit
$ 10
4/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsGrand Capital review
Логотип Gerchik & Co
9
Foundation Year
2015
Minimum Deposit
$ 100
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsGerchik & Co review
Логотип NPBFX
10
Foundation Year
2016
Minimum Deposit
$ 10
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested fundsNPBFX review

Despite the "Forex Law" enacted in 2016, not all Forex brokers working with Russian traders must have a license from the Central Bank of Russia. Indeed, many offshore Forex brokers have left the market, but many have also stayed. Nevertheless, it cannot be denied that a Russian trader is more protected when trading with a licensed broker. However, due to the limited trading conditions offered by Russian licensed Forex brokers, we have decided to create our top list of the best Forex brokers in Russia.

1. FxPro

Логотип FxPro
1
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип UnionPay
compare FxPro trading accounts

FxPro is suitable for traders looking for a reliable company with good trading conditions and a wide selection of instruments.

Advantages of FxPro

  • Various trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge, provide flexibility and convenience in trading.
  • A diverse range of available markets and products, including currency pairs, CFDs on indices, stocks, commodities, futures, and cryptocurrencies.
  • Analytical tools, including signals from Trading Central and Autochartist functionality.
  • Extensive educational materials, including free courses, articles, videos, and webinars, contribute to the development of traders.

Disadvantages of FxPro

  • An inactivity fee is charged after six months of no position opening or closing.
  • Average trading commissions. FxPro does not have the tightest spreads in the market and not the most minuscule trading commission per transaction.
  • Absence of cent accounts and services for copying trades of successful traders.

2. AMarkets

Логотип AMarkets
2
4.4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип Neteller
Логотип FasaPay
Логотип Bank Transfer
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
Логотип HUMO
compare AMarkets trading accounts

AMarkets is suitable for independent traders and investors due to various accounts, narrow spreads, and the possibility of engaging in copy trading.

Advantages of AMarkets

  • A wide range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies.
  • Extensive analytical capabilities using modern tools and trading robots.
  • No commissions on many operations.
  • Convenience and simplicity of opening an account and managing it.

Disadvantages of AMarkets

  • Not the most extensive educational materials. The broker offers essential resources such as a blog and FAQ but lacks deeper educational content such as webinars, courses, etc.
  • The broker does not offer a trading platform, which may disadvantage those seeking a unique trading solution.
  • On some assets, spreads are higher than those of competing Forex brokers.

3. Deriv

Логотип Deriv
3
4.3/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5Deriv XcTrader
Deposit/withdrawal:
Логотип FasaPay
Логотип Perfect Money
Логотип Skrill
Логотип Neteller
Логотип WebMoney
Логотип PaySafeCard
Логотип Jeton
Логотип SticPay
Логотип Airtm
Логотип Boleto
Логотип Paylivre
Логотип OnlineNaira
Логотип Beyonic
Логотип AstroPay
Логотип 1foryou
Логотип AdvCash
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Diners Club
Логотип JCB
Логотип PayTrust88
Логотип Help2pay
Логотип DragonPhoenix
Логотип ZingPay
Логотип Ngan Luong
Логотип Trustly
compare Deriv trading accounts

Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.

Advantages of Deriv

  • Relatively reliable with licenses from various global regulators.
  • Simple and fast account opening process.
  • A wide variety of account types cater to different trading needs.
  • Low commission structure.
  • A wide range of trading platforms is suitable for traders of different levels.
  • High-quality technical support with fast and effective responses.

Disadvantages of Deriv

  • Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  • Educational materials are confined to a blog and lack comprehensive learning resources.

4. InstaForex

Логотип InstaForex
4
4.2/5
Register71.99% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersAgricultural Commodities
Trading Platforms
MetaTrader 5MetaTrader 4InstaForex Webtrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип YooMoney
Логотип PayCo
Логотип AstroPay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare InstaForex trading accounts

InstaForex is suitable for beginner traders looking for simple conditions and education but may be unsuitable for professionals with large deposits due to wide spreads and low liquidity.

Advantages of InstaForex

  • Large selection of trading instruments.
  • PAMM accounts and the ForexCopy automatic trade copying service for passive income.
  • 24/7 efficient customer support.
  • Wide range of methods for depositing and withdrawing funds.
  • Decent analytical section.

Disadvantages of InstaForex

  • Trading commissions are above average.
  • No trading accounts with market execution of orders (ECN or STP).
  • Broker commission on fund withdrawals.

5. FXOpen

Логотип FXOpen
5
4.2/5
Register58-60% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexPrecious MetalsIndicesStocksETFCryptocurrencyEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5TickTrader
Deposit/withdrawal:
Логотип WebMoney
Логотип AdvCash
Логотип FasaPay
Логотип Visa
Логотип Mastercard
Логотип JCB
Логотип Discover
compare FXOpen trading accounts

Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.

Advantages of FXOpen

  • Regulation. FXOpen is a regulated broker with licenses from various financial regulators such as FCA (UK), CySEC (Cyprus), and ASIC (Australia), ensuring reliability and security of client funds.
  • Wide range of trading instruments. FXOpen offers a broad spectrum of trading assets, including currency pairs, CFDs on stocks, indices, commodities, and cryptocurrencies.
  • Low spreads and commissions. FXOpen provides competitive spreads and commissions on its trading accounts, making trading on this platform more profitable for traders.
  • Support for various trading platforms. FXOpen provides access to popular trading platforms such as MetaTrader 4 and MetaTrader 5, as well as its proprietary platform TickTrader, allowing traders to choose the most convenient platform for their needs.

Disadvantages of FXOpen

  • No fixed spreads. FXOpen offers only floating spreads, which can create certain difficulties for traders who prefer more predictable trading conditions.
  • Lack of educational materials. The broker does not offer educational materials, webinars, and courses that could help traders develop and improve their knowledge in Forex trading.

6. FIBO Group

Логотип Fibo Group
6
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexCryptocurrencyPrecious MetalsEnergy CarriersAgricultural CommoditiesIndices
Trading Platforms
MetaTrader 4cTraderMetaTrader 5
Deposit/withdrawal:
Логотип Neteller
Логотип Skrill
Логотип WebMoney
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Fibo Group trading accounts

FIBO Group is suitable for various types of traders, including beginners and experienced ones. A wide selection of accounts and trading platforms allows every trader to find the right solution.

Advantages of Fibo Group

  • A wide selection of trading and investment accounts.
  • Low spreads, which facilitates more profitable trading.
  • A wide range of payment methods for convenient deposit and withdrawal of funds.
  • Availability of various trading platforms, such as MetaTrader 4, MetaTrader 5, and cTrader.
  • Comprehensive analytics and educational materials for traders of all levels.

Disadvantages of Fibo Group

  • An inactivity fee can be burdensome for traders who do not trade actively.
  • Withdrawal fees can be unpleasant for clients, especially with small amounts.
  • The absence of stocks and ETFs in the range of instruments may limit investment opportunities in these assets.

7. Alpari

Логотип Alpari
7
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyPrecious MetalsEnergy CarriersStocks
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип VLoad
Логотип AdvCash
Логотип WebMoney
Логотип Касса24
Логотип Neteller
Логотип Wallet One
Логотип Skrill
Логотип TC Pay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Alpari trading accounts

Alpari is suitable for both beginners and professional traders, thanks to a wide selection of accounts, instruments, and educational programs.

Advantages of Alpari

  • A wide range of trading accounts. Broker Alpari offers a variety of trading accounts suitable for different types of traders and investors.
  • Flexible conditions for depositing and withdrawing funds. Broker Alpari provides flexible and competitive conditions for depositing and withdrawing funds.
  • Diversity of trading platforms. Alpari offers a variety of trading platforms that meet the needs of most traders.
  • Effective technical support. Alpari provides user support at all stages of service.

Disadvantages of Alpari

  • Licensing. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
  • Fees for fund withdrawal and inactivity charges. Alpari may charge fees for fund withdrawal and inactivity, which can be off-putting for some clients.
  • Limited choice in terms of different asset classes. Although broker Alpari offers a wide selection of assets for trading, some competitors offer a greater variety in terms of different asset classes.

8. Grand Capital

Логотип Grand Capital
8
4/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesETFStocksBondsPrecious MetalsEnergy CarriersAgricultural CommoditiesCryptocurrency
Trading Platforms
MetaTrader 4WebTraderMetaTrader 5
Deposit/withdrawal:
Логотип Perfect Money
Логотип PayRedeem
Логотип Credit and Debit Cards
compare Grand Capital trading accounts

Grand Capital is suitable for both beginners and experienced traders. A wide selection of instruments, bonuses, and education make it attractive for different levels of traders

Advantages of Grand Capital

  • Diversity of account types. Grand Capital offers an extensive selection of account types, allowing clients to choose the most suitable for their trading strategies and preferences.
  • Tight spreads. The broker provides competitive spreads, especially on major currency pairs, making trading more profitable.
  • Markets and products. Grand Capital features a wide range of trading instruments, including Forex, stocks, commodities, indices, and cryptocurrencies.
  • Support. Grand Capital provides multilingual support 7 days a week, 24 hours a day, ensuring prompt assistance to clients with any issues.

Disadvantages of Grand Capital

  • Regulation. Although the company is registered in the Seychelles, it is not regulated by leading financial regulators such as the FCA in the UK or ASIC in Australia, which may raise certain concerns among clients.
  • High fees. In addition to spreads, Grand Capital has other fees, such as the overnight position rollover fee (swap), which can increase the overall cost of trading.
  • Lack of MetaTrader alternatives. While MetaTrader 4 and MetaTrader 5 are widely used and recognized by traders, some clients may look for brokers offering alternative platforms, such as cTrader or proprietary developments.

9. Gerchik & Co

Логотип Gerchik & Co
9
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип AdvCash
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
compare Gerchik & Co trading accounts

Gerchik & Co is suitable for beginner traders, thanks to qualified support and good educational courses

Advantages of Gerchik & Co

  • Transparent information about the broker's owners.
  • A large number of trading accounts.
  • Decent services that can help improve Forex trading.
  • Educational courses, webinars, analytics.
  • Opportunity for passive income on TIMA accounts.
  • Contests on demo accounts and broker promotions.

Disadvantages of Gerchik & Co

  • High commission for transactions on certain types of accounts.
  • The website and personal account area may seem inconvenient (according to reviews).
  • High deposit requirements for training or using services.

10. NPBFX

Логотип NPBFX
10
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksCommodities
Trading Platforms
MetaTrader 4
Deposit/withdrawal:
Логотип WebMoney
Логотип Qiwi
Логотип YooMoney
Логотип Moneta.ru
Логотип FasaPay
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип Perfect Money
Логотип Payoma
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип Альфа Банк
Логотип Промсвязьбанк
Логотип Русский Стандарт
Логотип Faktura.ru
Логотип Почта Банк
compare NPBFX trading accounts

NPBFX is ideal for traders who value STP accounts, education, MetaTrader 4, participation in contests, and a decent selection of markets and products

Advantages of NPBFX

  • A rich selection of analytical tools and resources, including an exclusive analytical portal and a news feed from Dow Jones.
  • Extensive education section, offering various video courses, e-books, and other educational materials.
  • A variety of account types cater to the needs of different categories of traders.
  • Numerous available methods for depositing and withdrawing funds provide convenience for clients.

Disadvantages of NPBFX

  • High commission per trade on the Zero account.
  • Lack of alternatives to the MetaTrader 4 platform, which may limit options for some traders.
  • Regulation in an offshore jurisdiction, which may pose certain risks for clients.

How the List of Top Forex Brokers in Russia was Compiled

The best Forex brokers in Russia were selected based on critical criteria:

  1. The broker positions are based on our independent Forex broker list.

  2. These brokers have received high scores according to our methodology.

  3. All the presented companies are popular in Russia and provide their services to Russian traders.

These standards ensure that all brokers in the list meet strict safety requirements and offer conditions conducive to effective Forex trading.

Which Forex Broker is Better - With a Russian License or a Foreign One

The presence of a license from the Central Bank of Russia is not the only criterion for reliability. Nonetheless, a Russian trader must understand why the best Forex brokers may not have a license from the CBR.

CriteriaBroker with a CBR LicenseBroker with a Foreign License
Legal ProtectionFull legal protectionNo legal force, rely on reputation
Registration & OfficesRegistered in Russia with local officesNot registered in Russia, no operational offices here
Leverage LimitLimited to 1:40Not limited
Trading OptionsOnly currency pairsCurrency pairs and CFDs on various assets
Consulting & Trust ManagementCannot provideMay offer services
Bonuses & PromotionsNo bonuses, promotions, or contestsPotential for bonuses, promotions, and contests
Deposit & Withdrawal MethodsOnly via bank transfer or a broker's bank cardVarious methods, including cryptocurrencies

Ultimately, choosing the type of license that best suits your trading goals comes down to personal preference. Understanding both options is vital to making an informed decision.

How to Choose a Reliable Broker

Selecting a reliable Forex broker in Russia is crucial for successful trading. To make the right choice, pay attention to the following key factors:

  1. Broker Regulation. Ensure that the broker is registered and licensed to operate. In Russia, the regulator is the Central Bank of Russia (CBR).

  2. Account Types. Check whether the broker offers Forex account types that match your experience level and financial capabilities.

  3. Trading Platforms. Evaluate the trading platforms offered and their convenience for your needs.

  4. Trading Conditions. Study the trading conditions, including spreads, commissions, minimum deposit, and lot size.

  5. Customer Support. Check the quality of customer service, the support schedule, and ways to communicate with them.

By adhering to these criteria, you can choose a reliable Forex broker that meets your needs and ensures successful trading. Opening a demo account to assess the platform and conditions is also recommended before moving to actual trading.

Conclusion

This top list of Forex brokers in Russia will help novice and professional Forex market participants choose a suitable company. Whether you rely on complete legal protection or are enticed by the favorable trading conditions of a broker - all of this has been considered in compiling the list of the best brokers in Russia.

Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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