Forex Club Added To Belarusian List Of Forex Companies
- Forex Club’s inclusion in the list makes it one of the first companies to have obtained an official status in Belarus.
Belarusian Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Club announced today that the Forex Club Group of Companies represented by financial company Forex Club has been included in the list of forex companies of the National Bank of the Republic Belarus. Forex Club is one of the first companies to have obtained an official status in Belarus.
Commenting on the company’s inclusion, Evgeny Mandrusov, Director of Financial Company Forex Club, said: “The Republic of Belarus is the foremost CIS country in financial market Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. Inclusion into the List of forex companies of the National Bank is an important step in our business development in Belarus and CIS as a whole.”
In order to be included in the list, a forex company needs to have fulfilled a number of significant requirements including having two billion Belarusian rubles of internal capital, keeping fifty percent of clients’ money in segregated accounts of local banks, using certified software and following strict accounting practices.
The Belarusian forex company will offer services in line with other forex brokers in the industry in terms of the range of financial instruments provided and the terms of trading offered.
Forex Club is due to start providing services to clients shortly and a date will be announced imminently, after the completion of its software certification at the National Forex Center.
Forex Club submitted the documents and application for inclusion into the National Bank of the Republic Belarus' list on 15 March, 2016, in line with the Act of the President of the Republic Belarus which governs the operations of all forex companies in the country.
Belarusian Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Club announced today that the Forex Club Group of Companies represented by financial company Forex Club has been included in the list of forex companies of the National Bank of the Republic Belarus. Forex Club is one of the first companies to have obtained an official status in Belarus.
Commenting on the company’s inclusion, Evgeny Mandrusov, Director of Financial Company Forex Club, said: “The Republic of Belarus is the foremost CIS country in financial market Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. Inclusion into the List of forex companies of the National Bank is an important step in our business development in Belarus and CIS as a whole.”
In order to be included in the list, a forex company needs to have fulfilled a number of significant requirements including having two billion Belarusian rubles of internal capital, keeping fifty percent of clients’ money in segregated accounts of local banks, using certified software and following strict accounting practices.
The Belarusian forex company will offer services in line with other forex brokers in the industry in terms of the range of financial instruments provided and the terms of trading offered.
Forex Club is due to start providing services to clients shortly and a date will be announced imminently, after the completion of its software certification at the National Forex Center.
Forex Club submitted the documents and application for inclusion into the National Bank of the Republic Belarus' list on 15 March, 2016, in line with the Act of the President of the Republic Belarus which governs the operations of all forex companies in the country.