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Best Forex Brokers Russia for 2022

Steven Hatzakis

The ForexBrokers.com annual forex broker review (six years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test.

Trading forex (currencies) in Russia is popular among residents. While recommended, forex brokers are not required to become authorised by The Central Bank of Russia (CBR) to accept residents of Russia as customers.

The Central Bank of Russia is the financial regulatory body in Russia. Website: http://www.cbr.ru. We recommend Russia residents also follow the CBR on Twitter, https://twitter.com/bank_of_russia.

Central Bank of Russia

The CBR was established in 1990 and has the primary responsibility of protecting the stability of the national currency. For a historical breakdown, here's a link to the Central Bank of Russia webpage on Wikipedia.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.



Best Forex Brokers Russia

ForexBrokers.com 2022 Review

To find the best forex brokers in Russia, we created a list of all brokers that list Russia as a country they accept new customers from. We then ranked brokers by their Overall ranking.

Here is our list of the best forex brokers in Russia.

  • IG - Best overall broker, most trusted
  • Saxo Bank - Best web-based trading platform
  • Interactive Brokers - Great overall, best for professionals
  • FOREX.com - Excellent all-round offering
  • XTB - Great research and education
  • Swissquote - Trusted broker, best banking services
  • AvaTrade - Great for beginners and copy trading

Russia Forex Brokers Comparison

Compare Russia authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.

Forex BrokerAccepts RU ResidentsAverage Spread EUR/USD - StandardMinimum DepositOverallVisit Site
IGYes0.828£250.00 5 Stars Visit Site
Saxo BankYes0.800$2,000.00 5 Stars N/A
Interactive BrokersYes0.600$0 5 Stars Visit Site
FOREX.comYes1.100$100.00 4.5 Stars Visit Site
XTBYes0.900$0.00 4.5 Stars N/A
SwissquoteYesN/A$1000.00 4.5 Stars N/A
AvaTradeYes0.910$100.00 4.5 Stars N/A
Admiral MarketsYes0.800100 4.5 Stars N/A
IC MarketsYes0.620$200 4.5 Stars N/A
Capital.comYes0.800$20.00 4.5 Stars N/A
XM GroupYes1.600$5 4 Stars N/A
FP MarketsYes1.200$100 AUD 4 Stars N/A
TickmillYes0.270$100.00 4 Stars N/A
HYCMYes0.600$100 4 Stars N/A
HFM (HF Markets)Yes1.200$5 4 Stars N/A
BDSwissYes1.500$100-$5000 (depending on account type) 4 Stars N/A
easyMarketsYes0.900$100.00 4 Stars N/A
LegacyFxYes0.00$500 3.5 Stars N/A

How to Verify CBR Authorisation

Unfortunately, the CBR does not provide a list of authorized forex brokers; however, residents can contact the CBR directly to verify authorisation.

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Methodology

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read more about Trust Score here.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.Read more on forex trading risks.

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Steven Hatzakis

About the author: Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.

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