Alpari Russia withdraws from KROUFR
Alpari Russia has just officially announced that it withdrew its KROUFR membership, one of the Russian 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 market's Self Regulatory Organizations (SRO). This comes 10 years from the establishment of this organization. We were pessimistic back then about the prospects of such association as it wasn't government mandated (like CFTC mandates NFA), not all Russian brokers were members and it couldn't enforce its decisions on members.
Company stated that this decision was taken following an internal audit of the organization as well as dissatisfaction with the way client complaints were handled. Alpari reminds that it continues to drive regulatory efforts in Russia via CRFIN.
Following the exit of Russia's largest forex broker it seems that KROFUR as an organization will cease to exist or will only be recognized by a handful of brokers, but certainly will not be considered an official SRO anymore. Given the status of forex regulatory efforts in Russia it doesn't seem that Russian traders will get to see proper local forex 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 drafted any time soon.
Alpari Russia has just officially announced that it withdrew its KROUFR membership, one of the Russian 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 market's Self Regulatory Organizations (SRO). This comes 10 years from the establishment of this organization. We were pessimistic back then about the prospects of such association as it wasn't government mandated (like CFTC mandates NFA), not all Russian brokers were members and it couldn't enforce its decisions on members.
Company stated that this decision was taken following an internal audit of the organization as well as dissatisfaction with the way client complaints were handled. Alpari reminds that it continues to drive regulatory efforts in Russia via CRFIN.
Following the exit of Russia's largest forex broker it seems that KROFUR as an organization will cease to exist or will only be recognized by a handful of brokers, but certainly will not be considered an official SRO anymore. Given the status of forex regulatory efforts in Russia it doesn't seem that Russian traders will get to see proper local forex 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 drafted any time soon.