On December 1st, the Central Bank of Russia issued a press release,
alerting that "the Forex market" is not licensed/regulated in russian federation.
Any forex site claiming to be legitimate and any so–called "self–regulating authority" aproving forex brokers
are not overseen and not monitored in Russia.
URL (RUS): http://www.cbr.ru/press/PR.aspx?file...1T18_12_31.htmOriginally Posted by Central Bank of Russia
URL (ENG): http://www.cbr.ru/eng/press/PR.aspx?...2T10_15_10.htm
I believe that release was provoked by the ongoing investigations on a forex broker/massive ponzi scheme MMCIS.