6 Best Forex Brokers in Russia
Last Update: April 2nd, 2024
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The 6 best Forex brokers in Russia on our list revealed. We have explored and tested several prominent Russian brokers to identify the top Brokers for beginner, intermediate and expert traders.
In this in-depth guide you’ll learn:
- What is a Russian Forex broker?
- Who’s the top brokers in Russia?
- Pros and cons of each broker.
- Our Final thoughts on Russian brokers.
- Popular FAQs about regulated Forex brokers.
- Is trading legit in Russia?
And lots more…
So, if you’re ready to go “all in” with 7 best Forex brokers in Russia…
Let’s dive right in…
6 Best Forex Brokers in Russia (2024*)
- ☑️ Interactive Brokers – First for active day traders in Russia.
- ☑️ XTB –Top Reliable and accessible choice.
- ☑️ AvaTrade – AvaTradeGO app provides a intuitive trading experience.
- ☑️ XM – long-term investors top choice.
- ☑️ HFM – excellent choice for scalpers and swing traders.
- ☑️ Tickmill – excellent option for algorithmic traders.
🏆 10 Best Forex Brokers
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
What is the Best Forex broker in Russia?
International Forex brokers that accept traders in Russia to cater for investors seeking diverse trading opportunities.
By providing access to global markets, these brokers offer Russian traders the ability to trade various currency pairs, commodities, and indices, facilitating portfolio diversification and potentially higher returns while adhering to local regulations.
The 6 Best Russian Forex Brokers
| 👥 Brokers | 👉 Open Account | 💰 Minimum Deposit | ⚖️ Regulation | ✔️ Accepts Russian Traders |
| Interactive Brokers | 👉 Open Account | There is no specific minimum deposit required | CFTC, IIROC, FCA, CSSF, CBI, MNB, ASIC, SEHK, HKFE, KLB, MAS | ✔️ |
| HFM | 👉 Open Account | There is no specific minimum deposit required | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | ✔️ |
| AvaTrade | 👉 Open Account | RUB9,305.50 or $100 | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | ✔️ |
| XM | 👉 Open Account | RUB 465.28 or $5 | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | ✔️ |
| HFM | 👉 Open Account | There is no specific minimum deposit required | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | ✔️ |
| Tickmill | 👉 Open Account | RUB 465.28 or $5 | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA (licensed by BaFin under 10146511 | ✔️ |
Interactive Brokers
Overview
Interactive Brokers (IB) presents an appealing option for active day traders in Russia due to its comprehensive suite of advanced trading tools and competitive pricing structure.
With access to a wide range of global markets, including forex, stocks, options, futures, and more, Russian day traders can capitalize on diverse trading opportunities.
IB’s robust trading platforms offer sophisticated features such as advanced charting, customizable algorithms, and real-time market data, empowering traders to execute complex strategies swiftly and efficiently.
The platform’s low commissions and tight spreads help minimize trading costs, crucial for high-frequency traders aiming to maximize profitability.
IB’s reliable execution and liquidity ensure seamless trade execution, essential for capturing fleeting market opportunities.
Overall, Interactive Brokers stands out as a preferred choice for active day traders in Russia seeking a combination of advanced technology, low costs, and extensive market access.
Unique Features
| Feature | Information |
| 👉 Open Account | 👉 Open Account |
| ⌛ Regulation | SEC, CFTC, FCA, IIROC |
| 🏛️ CBR regulation? | ❌ No |
| 📲 Social Media Platforms | Facebook YouTube |
| 💻 Trading Accounts | Individual, Joint, Trust, IRA. Non-Professional Advisor. Family Office. Advisor. Advisor Client (including Non-Professional Advisor and Family Office) Broker Client. EmployeeTrack. |
| 📊 Trading Platforms | IBKR |
| 💰 Minimum Deposit in RUB | There is no specific minimum deposit required |
| 📉 Trading Assets | Global stocks, options, futures, currencies, cryptocurrencies |
| 💲 RUB-based Account? | ❌ No |
| 💲 RUB Deposits Allowed? | ❌ No |
| ➕ Bonuses for traders? | ✔️ Yes |
| 📈 Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ❌ No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Trading experts can successfully diversify their investment portfolios across asset classes by using Interactive Brokers, which provide access to a wide range of global markets such as equities, bonds, futures, currencies, and options. | Inexperienced traders may struggle to grasp and use Interactive Brokers' complex trading platforms and features. |
| Traders can improve their decision-making abilities by using a variety of analytical and execution tools through Interactive Brokers trading platforms, such as Trader Workstation (TWS) and IBKR Mobile. | Despite its low charges, Interactive Brokers' fee structures may be perplexing for some traders due to the varied rates charged for various services and account types. |
| Interactive Brokers provides affordable commission rates and transparent pricing structures to active traders, particularly those with high trading volumes, potentially cutting overall trading costs. | Some account types at Interactive Brokers require a higher minimum balance than competitors, making it more difficult for traders with lesser balances to acquire access. |
| Interactive Brokers provides traders with a wealth of research and analytical tools, including fundamental data, technical analysis, and market commentary, allowing them to make informed investment decisions. | Compared to smaller brokerage firms, some traders may believe that Interactive Brokers' customer service is less personalized or responsive, even if the company provides phone, email, and live chat support. |
| To assist traders in successfully managing and mitigating the risks associated with their transactions, Interactive Brokers provides sophisticated risk management tools such as portfolio margining, risk-based margining, and real-time margin computation. | The tutorials and other instructional resources provided by Interactive Brokers may be limited, leading inexperienced traders to seek further assistance and education elsewhere. |
Trust Score
Interactive Brokers has a trust score of 95%
XTB
Overview
XTB proves advantageous for experienced traders in Russia due to its combination of advanced trading tools, competitive pricing, and a diverse range of tradable assets.
With access to forex, stocks, indices, commodities, and cryptocurrencies, experienced traders can execute complex strategies across various markets.
XTB’s advanced charting capabilities, technical analysis tools, and customizable trading platforms provide the flexibility and precision necessary for sophisticated trading approaches. Additionally, its low spreads and transparent pricing structure help minimize trading costs, crucial for experienced traders managing large volumes.
XTB’s reliable execution and access to global liquidity ensure swift order fulfilment, enabling traders to capitalize on market opportunities effectively.
Overall, XTB’s comprehensive offerings and tailored solutions make it a preferred choice for experienced traders in Russia seeking a platform that meets their advanced trading needs while delivering competitive pricing and robust performance.
Unique Features
| Feature | Information |
| 👉 Open Account | 👉 Open Account |
| 🏛️ Regulation | FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC |
| 🏛️ CBR regulation? | ❌ No |
| 📲 Social Media Platforms | Facebook YouTube |
| 💻 Trading Accounts | Standard Account Swap-free Account Islamic Account Professional Account |
| 📊 Trading Platforms | xStation 5 xStation Mobile |
| 💰 Minimum Deposit in RUB | There is no specific minimum deposit required |
| 📉 Trading Assets | Forex Indices Commodities Stock CFDs ETF CFDs Cryptocurrencies |
| 💲 RUB-based Account? | ❌ No |
| 💲 RUB Deposits Allowed? | ❌ No |
| ➕ Bonuses for traders? | ✔️ Yes |
| 📈 Minimum spread | From 0.5 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XTB, known for its technological innovation, offers a user-friendly platform with advanced charting tools and detailed market analysis. | A detailed evaluation of the pricing structure is required since it includes fees that traders may find confusing, such as spreads and overnight funding. |
| XTB is committed to transparency and provides traders with clear pricing. | Even with the simple design, some traders may experience a learning curve, especially when using the more advanced features and tools. |
| XTB offers traders a wide range of options, including commodities, indexes, primary and exotic currency pairings, and other financial instruments. | If XTB does not have actual offices around the world, it may be more difficult for it to directly assist traders in need. |
| Support suited to the traders' needs allows for effective communication and support in their own language. | |
| XTB prioritizes education, providing traders with the resources and market information they need to progress as competent and informed traders. | |
Trust Score
XTB has a trust score of 95%.
AvaTrade
Overview
AvaTrade presents an excellent option for a diverse range of traders in Russia due to its combination of accessibility, comprehensive offerings, and competitive features.
With a wide array of tradable assets spanning forex, stocks, commodities, cryptocurrencies, and indices, AvaTrade appeals to traders with varying investment preferences and strategies. Its user-friendly platforms, including AvaTradeGO and MetaTrader 4, cater to both beginners and experienced traders, offering intuitive interfaces and advanced trading tools.
Additionally, AvaTrade’s commitment to education through webinars, tutorials, and market analysis resources supports traders in expanding their knowledge and refining their skills. Moreover, competitive pricing, low spreads, and flexible leverage options enhance the platform’s appeal to active day traders and those managing larger positions.
Overall, AvaTrade’s accessibility, diverse offerings, and supportive resources position it as a versatile and advantageous choice for traders across different experience levels and trading styles in Russia.
Unique Features
| Feature | Information |
| 👉 Open Account | 👉 Open Account |
| 🏛️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 🏛️ CBR regulation? | ❌ No |
| 📲 Social Media Platforms | Instagram YouTube |
| 💻 Trading Accounts | Retail Account, Professional Account |
| 📊 Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💰 Minimum Deposit in RUB | RUB9,305.50 or $100 |
| 📉 Trading Assets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-Traded Funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 💲 RUB-based Account? | ✔️ Yes |
| 💲 RUB Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | ✔️ Yes |
| 📈 Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade offers a unique risk management tool called AvaProtect, which gives traders peace of mind by insulating their trades from unfavourable market swings for a set period of time. | AvaTrade's spreads may be slightly higher than those of some other brokers, thereby increasing investors' trading expenditures. |
| AvaTrade offers a comprehensive range of trading choices, including equities, commodities, FX, cryptocurrencies, and more. | AvaTrade's lack of thorough training resources in comparison to some of its competitors may make learning more challenging for new traders. |
| AvaTradeGO is a simple mobile trading app that gives traders more freedom by providing access to trading tools, market analysis, and real-time updates while they are on the go. | AvaTrade may levy inactivity fees to traders who do not trade regularly or leave accounts idle for an extended period of time. |
| The copy trading tool on AvaTrade's platform allows traders to automatically duplicate the transactions of experienced investors, hence boosting passive investment approaches. | AvaTrade allows customers to trade cryptocurrencies, but the selection may be limited compared to more specialized cryptocurrency exchanges. |
| To foster a cooperative trading environment, AvaTrade offers AvaSocial, a social trading platform where traders may chat, share trading ideas, and follow successful traders. | When compared to other brokers, AvaTrade's platform customization features may be more restrictive, limiting the freedom of professional traders who prefer more flexible trading settings. |
Trust Score
AvaTrade has a high trust score of 96%.
XM
Overview
XM presents a compelling option for long-term investors and traders in Russia due to its diverse range of tradable assets, competitive pricing, and reliable execution.
With access to forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, XM offers ample opportunities for building a diversified investment portfolio suited for long-term growth.
XM’s competitive pricing, low spreads, and flexible leverage options help minimize trading costs, particularly important for investors holding positions over extended periods. Moreover, XM‘s commitment to reliable execution ensures that long-term investors can execute trades efficiently without concerns about slippage or order execution delays.
XM’s user-friendly platforms and comprehensive customer support make it accessible and convenient for Russian investors, enhancing its appeal as a preferred choice for those looking to pursue long-term investment strategies in the Russian market.
Unique Features
| Feature | Information |
| 👉 Open Account | 👉 Open Account |
| ⌛ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 🏛️ CBR regulation? | ❌ No |
| 📲 Social Media Platforms | Facebook YouTube |
| 💻 Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 📊 Trading Platforms | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 💰 Minimum Deposit in RUB | RUB 465.28 or $5 |
| 📉 Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares |
| 💲 RUB-based Account? | ✔️ Yes |
| 💲 RUB Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | ✔️ Yes |
| 📈 Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM offers access to forex, stocks, commodities, indices, metals, energies, and cryptocurrencies, providing traders with a wide array of investment opportunities. | Compared to some other platforms, XM may have relatively limited research tools and analysis resources available to traders. |
| XM provides competitive pricing, low spreads, and flexible leverage options, helping traders minimize trading costs and potentially increase profitability. | Some traders may find XM's trading platforms to be overly complex, especially beginners who prefer simpler interfaces. |
| XM is known for its reliable execution, ensuring that traders can execute trades efficiently and without concerns about slippage or order execution delays. | XM may charge withdrawal fees, which could impact traders who frequently withdraw funds from their trading accounts. |
| XM offers multilingual customer support, catering to traders from various linguistic backgrounds and enhancing accessibility for international clients. | While XM offers access to cryptocurrencies, the selection may be more limited compared to specialized cryptocurrency exchanges. |
| XM provides comprehensive educational resources, including webinars, tutorials, and market analysis, supporting traders in expanding their knowledge and improving their trading skills | XM's services may be subject to regulatory restrictions in certain jurisdictions, which could affect the availability of certain features or trading options for traders in those regions. |
Trust Score
XM has a high trust score of 90%.
HFM
Overview
HFM emerges as an excellent choice for scalpers and swing traders in Russia due to its tailored features and conducive trading environment.
For scalpers, HFM’s tight spreads, fast execution, and multiple account types facilitate rapid trade execution, crucial for exploiting short-term price fluctuations. Additionally, the availability of various trading instruments, including forex, commodities, and indices, offers ample opportunities for scalpers to diversify their strategies.
Swing traders benefit from HFM’s competitive pricing, allowing them to capitalize on medium-term price movements with reduced trading costs.
HFM’s customizable platforms and advanced technical analysis tools empower swing traders to analyse market trends effectively and execute timely trades.
With its commitment to reliability and customer support, HFM provides an optimal trading environment for scalpers and swing traders in Russia, enabling them to pursue their trading objectives with confidence and efficiency.
Unique Features
| Feature | Information |
| 👉 Open Account | 👉 Open Account |
| ⌛ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 🏛️ CBR regulation? | ❌ No |
| 📲 Social Media Platforms | Facebook Telegram YouTube |
| 💻 Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 📊 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 💰 Minimum Deposit in RUB | No minimum deposit requirement |
| 📉 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 💲 RUB-based Account? | ❌ No |
| 💲 RUB Deposits Allowed? | ❌ No |
| ➕ Bonuses for traders? | ✔️ Yes |
| 📈 Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| HFM offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, to support different trading styles and methodologies. | HFM may give less research tools and resources than other brokers, limiting traders' capacity to conduct extensive market research. |
| HFM provides attractive spreads across a wide range of asset classes, improving trading efficiency and potentially cutting trading costs. | Some traders may have delays or issues in contacting customer service, especially during peak trading hours. |
| HFM offers a wide range of assets, such as forex, indices, commodities, and cryptocurrencies, allowing traders to easily diversify their portfolios. | HFM may charge withdrawal fees for some withdrawal methods, raising the overall cost of trading for traders. |
| HFM is regulated by a number of reputable agencies, including the FCA and CySEC, ensuring a safe and secure trading environment for traders. | Given the many types of accounts and services offered by HFM, some traders may find it difficult to understand the pricing structure. |
| HFM provides a number of instructional tools and resources, such as webinars, seminars, and tutorials, to help traders along their learning journey. | HFM may offer less promotional offers and bonuses than other brokers, which could be a drawback for traders seeking additional incentives. |
Trust Score
HFM has a trust score of 85%.
Tickmill
Overview
Tickmill stands out as an excellent option for algorithmic traders in Russia due to its tailored features and supportive environment.
With API connectivity and support for automated trading strategies, Tickmill accommodates algorithmic traders who rely on systematic approaches to execute trades. The platform’s robust infrastructure ensures reliable order execution, critical for algorithmic strategies that require precision and efficiency.
Tickmill’s low latency and fast execution speed enable algorithmic traders to capitalize on fleeting market opportunities effectively.
Tickmill’s competitive pricing and transparent fee structure help algorithmic traders minimize trading costs, enhancing overall profitability.
With its commitment to technological innovation and customer support, Tickmill provides algorithmic traders in Russia with a conducive trading environment to develop and deploy their automated strategies with confidence and success.
Unique Features
| Feature | Information |
| 👉 Open Account | 👉 Open Account |
| ⌛ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| 🏛️ CBR regulation? | ❌ No |
| 📲 Social Media Platforms | Facebook Telegram YouTube |
| 💻 Trading Accounts | Pro Account, Classic Account, VIP Account |
| 📊 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 💰 Minimum Deposit in RUB | RUB 465.28 or $5 |
| 📉 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
| 💲 RUB-based Account? | ❌ No |
| 💲 RUB Deposits Allowed? | ❌ No |
| ➕ Bonuses for traders? | ✔️ Yes |
| 📈 Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill's reputation for having industry-leading spreads allows for low-cost investments, benefiting investors. | When compared to its competitors, Tickmill may offer less teaching materials, potentially reducing the learning curve for novice traders. |
| Tickmill's lightning-fast execution rates ensure timely order processing while decreasing slippage problems. | In some cases, access to Tickmill's services may be problematic, limiting potential traders' reach. |
| Tickmill broadens trading horizons by offering access to a diverse range of non-forex financial instruments, including bonds, indices, and commodities, promoting portfolio diversification. | Tickmill's platform may not have all of the functionality that those interested in social or copy trading require. |
| Tickmill promotes openness and trader confidence by offering transparent pricing structures with no hidden fees. | Language support beyond English may be limited, posing obstacles for traders seeking assistance. |
| Tickmill enriches its clients' trading experiences by employing cutting-edge infrastructure and trading technology, showcasing its commitment to innovation and customer satisfaction. | Tickmill provides basic research tools, but its access to advanced resources may be limited, restricting traders' ability to conduct in-depth studies. |
Trust Score
Tickmill has a trust score of 82%
Conclusion
Our Final Thoughts on the 6 Best Forex Brokers in Russia. Overall, international Forex brokers offer a diverse array of opportunities for traders in Russia. With access to global markets, competitive pricing, advanced trading tools, and regulatory compliance, these brokers empower Russian traders to navigate the dynamic world of foreign exchange trading with confidence and efficiency.
Frequently Asked Questions
What are the risks associated with Forex trading in Russia?
Risks associated with Forex trading in Russia include market volatility, currency fluctuations, geopolitical events, regulatory changes, and the risk of capital loss.
Are there any educational resources available for Russian Forex traders?
Yes, there are educational resources available for Russian Forex traders, including online courses, webinars, tutorials, and market analysis provided by brokers, educational websites, and financial institutions.
Can I trade Forex on mobile devices in Russia?
Yes, you can trade Forex on mobile devices in Russia. Many Forex brokers offer mobile trading platforms compatible with smartphones and tablets, allowing traders to trade on the go.
Are there any local Forex trading communities or forums in Russia?
Yes, there are local Forex trading communities and forums in Russia. Traders can discuss strategies, share insights, and seek advice from fellow traders.
How can I fund my Forex trading account in Russia?
You can fund your Forex trading account in Russia using various methods. You can use bank transfers, credit/debit cards, electronic payment systems, or cryptocurrencies, depending on the broker’s available options.
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