Russia FX brokers ranked

Forex trading is allowed and regulated in Russia. Due to the country's less advanced economy and widespread poverty, FX trading has gained immense popularity in Russia. The nation boasts a substantial FX trading community and a multitude of operating brokers. These Russia Forex brokers are overseen by the Central Bank of the Russian Federation, commonly referred to as the Bank of Russia. While Russia's financial sector is less developed compared to European countries, it lacks a dedicated regulatory body to oversee financial markets and transactions. Despite being a less established regulator, the Bank of Russia has established maximum leverage limits for retail Forex traders to safeguard them from excessive risk. The regulator has set a maximum leverage of 1:50 for major pairs, 1:25 for minor and exotic currencies, 1:20 for commodities and indices, and 1:2 for cryptocurrencies, applicable to trusted Forex brokers in Russia. Below, we've conducted research and compiled a comprehensive list of the best Forex brokers in Russia for our readers, bearing in mind potential limitations due to sanctions.