RoboForex, the Belarusian subsidiary of international forex broker
Forex Broker
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
Read this Term RoboMarkets, has ceased its operations in the Republic of Belarus three years after receiving a regulatory license to operate there.
The broker said it will no longer provide access to over-the-counter (OTC) non-deliverable financial instruments to individuals and organizations in the eastern Europe country.
The company announced the decision in a message to its clients and partners dated mid-July. The reason for quitting was not stated.
However, the broker in the announcement urged all its clients to close all open positions before 29th of last month.
It also instructed them to withdraw all funds from their accounts, adding that the fees for withdrawal had been canceled.
Belarusian Presence
RoboForex had established its presence in Belarus in April 2019 after the National Bank of the Republic of Belarus granted it license to operate in the country.
The establishment of the Belarusian brand was an addition to RoboForex, which operates other brands in Caribbean country Belize and in Cyprus.
“Receiving the license of the National Bank of the Republic of Belarus is a very important step of our expansion in the Commonwealth of Independent States (CIS) countries,” Andrei Dziarnovich, RoboForex Belarus CEO, had noted.
In May of 2019, RoboForex was admitted as a member of the Belarusian Financial Market Development Association (ARFIN), joining companies such as Alpari, ForexClub, and Capital.com that were operating in Belarus’ OTC forex market.
Dziarnovich had said the broker’s membership of the association was driven by its “intentions to provide quality and competitive services on global financial markets.”
Meanwhile, RoboForex recently launched a new global promotion worth $1.2 million for its clients and partners.
The company said the promotion is part of activities to celebrate the 12th year of the company’s founding.
The global promotion kicked-off in July and will run until April of next year.
RoboForex, the Belarusian subsidiary of international forex broker
Forex Broker
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day market.What Differentiates Forex Brokers?Forex brokers vary across the board in terms of trading platforms, currency pairs supported, leverage, and spreads, among other attributes. The most commonly supported trading platforms used by forex brokers include MetaTrader 4 (MT4) and MT5.Many forex brokers also offer contracts-for-difference (CFDs) and exposure to commodities such as precious metals. Another element that has seen a high degree of improvement in recent years is education and customer service gains. This has taken the shape of online portals designed to promote proper forex trading techniques.Webinars, encyclopedias, trading tools, and other techniques have helped educate retail traders, many of which lose money trading forex historically.Forex brokers are located around the world but are bound by their service offerings in many instances. In most jurisdictions, these entities require licenses from regulatory authorities to trade forex.Over the past few years, retail brokers have dealt with a wide range of challenges that has redefined the playing field.This includes new regulation, leverage restrictions, compliance costs, payment processing challenges, and more. Brokers have consistently had to deal with an increasingly competitive environment for clients as well.
Read this Term RoboMarkets, has ceased its operations in the Republic of Belarus three years after receiving a regulatory license to operate there.
The broker said it will no longer provide access to over-the-counter (OTC) non-deliverable financial instruments to individuals and organizations in the eastern Europe country.
The company announced the decision in a message to its clients and partners dated mid-July. The reason for quitting was not stated.
However, the broker in the announcement urged all its clients to close all open positions before 29th of last month.
It also instructed them to withdraw all funds from their accounts, adding that the fees for withdrawal had been canceled.
Belarusian Presence
RoboForex had established its presence in Belarus in April 2019 after the National Bank of the Republic of Belarus granted it license to operate in the country.
The establishment of the Belarusian brand was an addition to RoboForex, which operates other brands in Caribbean country Belize and in Cyprus.
“Receiving the license of the National Bank of the Republic of Belarus is a very important step of our expansion in the Commonwealth of Independent States (CIS) countries,” Andrei Dziarnovich, RoboForex Belarus CEO, had noted.
In May of 2019, RoboForex was admitted as a member of the Belarusian Financial Market Development Association (ARFIN), joining companies such as Alpari, ForexClub, and Capital.com that were operating in Belarus’ OTC forex market.
Dziarnovich had said the broker’s membership of the association was driven by its “intentions to provide quality and competitive services on global financial markets.”
Meanwhile, RoboForex recently launched a new global promotion worth $1.2 million for its clients and partners.
The company said the promotion is part of activities to celebrate the 12th year of the company’s founding.
The global promotion kicked-off in July and will run until April of next year.
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