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Best Forex Brokers in Russia for 2025

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

July 15, 2025
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Steven Hatzakis Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. 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.

Best Forex Brokers Russia

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:

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 my overall rankings of the top forex brokers.

Company Accepts RU Residents Average Spread EUR/USD - Standard Minimum Deposit Overall Rating
Interactive Brokers logoInteractive Brokers
check 0.59 info $0 5/5 Stars
FOREX.com logoFOREX.com
check 1.4 info $100 5/5 Stars
XTB logoXTB
check 1.00 info $0 info 5/5 Stars
AvaTrade logoAvaTrade
check 0.93 info $100 4.5/5 Stars
XM Group logoXM Group
check 1.6 info $5 4.5/5 Stars
FP Markets logoFP Markets
check 1.2 info $100 AUD 4.5/5 Stars
IC Markets logoIC Markets
check 0.62 info $200 4.5/5 Stars
FxPro logoFxPro
check 1.51 info $100 4.5/5 Stars
Tickmill logoTickmill
check 0.51 info $100 4.5/5 Stars
Vantage logoVantage
check 1.30 info $50 4/5 Stars
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
check 1.2 info $20 4/5 Stars
easyMarkets logoeasyMarkets
check 0.8 info $25 4/5 Stars

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.

Winners Summary

Best forex broker in Russia - Interactive Brokers

Company Accepts RU Residents Overall Rating Minimum Deposit Average Spread EUR/USD - Standard
Interactive Brokers logoInteractive Brokers
check 5/5 Stars $0 0.59 info

Interactive Brokers (IBKR) is my top pick for the best forex broker in Russia. With a wide product range, advanced trading tools, and highly competitive pricing, it’s a strong fit for experienced traders. Founded in 1977, IBKR is a publicly traded company (NASDAQ: IBKR) and regulated in nine Tier-1 jurisdictions.

IBKR provides Russian traders access to over 100 currency pairs, as well as global markets including stocks, futures, options, and crypto-related products.

Platform: IBKR’s standout feature is its Trader Workstation (TWS) platform which supports advanced order types, custom algo trading, and deep market analytics. TWS is also fully synced with IBKR Mobile, one of the most advanced multi-asset trading apps I’ve tested.

Pricing: Though IBKR does not offer MetaTrader 4 or 5, its transparent commission-based pricing and volume-based discounts give high-volume traders an edge. The pricing is especially compelling for those trading Standard lots (100k units) or more, but the $2 minimum commission per trade may be costlier for smaller trade sizes.

Great educational content – FOREX.com

Company Accepts RU Residents Overall Rating Minimum Deposit Average Spread EUR/USD - Standard
FOREX.com logoFOREX.com
check 5/5 Stars $100 1.4 info

FOREX.com is a top-rated broker and a fantastic choice for traders in Russia who are looking to build their forex knowledge. Backed by StoneX Group (NASDAQ: SNEX), FOREX.com is a well-established global broker regulated in seven Tier-1 jurisdictions.

Platform: FOREX.com’s strength lies in its educational resources and platform versatility. I was particularly impressed with its Trading Academy, which features interactive courses, quizzes, and video lessons. These are structured for all experience levels, and help make complex forex concepts more approachable. Thanks to these tools, FOREX.com earned our Annual Award for #1 Interactive Educational Experience the year of its launch.

Russian traders can access a wide range of currency pairs and choose between several trading platforms: the proprietary web and mobile apps, MetaTrader 4, MetaTrader 5, and TradingView integration. Active traders can also take advantage of the RAW Spread account, which offers tighter spreads plus commission-based pricing and volume rebates.

Pricing: FOREX.com delivers competitive spreads with averages around 1.4 pips on EUR/USD for standard accounts, and as low as 0.2 pips (plus commission) on RAW accounts. There’s a $100 minimum deposit, and active traders may benefit from tiered rebates that reward higher monthly volume.

Well-balanced platform and pricing – XTB

Company Accepts RU Residents Overall Rating Minimum Deposit Average Spread EUR/USD - Standard
XTB logoXTB
check 5/5 Stars $0 info 1.00 info

XTB is an excellent all-round choice for forex traders in Russia. Founded in 2002 and publicly traded on the Warsaw Stock Exchange (WSE: XTB), it’s a highly trusted broker with regulation in multiple Tier-1 jurisdictions. While XTB no longer supports MetaTrader, its in-house xStation 5 platform makes up for it.

Platform: The xStation 5 platform is user-friendly, easy to use, and packed with tools that benefit both new and experienced traders. From advanced charting and integrated market analysis to sentiment heatmaps and trader statistics, the platform is genuinely impressive. I’ve spent a lot of time testing xStation 5, and I found it to be fast, reliable, and packed with features traders actually use.

Pricing: XTB offers commission-free forex trading with spreads that are competitive, especially for major pairs like EUR/USD. There’s also no required minimum deposit, which makes it accessible to a broad range of traders. XTB supports a growing range of CFD markets, including indices, commodities, and crypto, rounding out its well-balanced offering.

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.

securityWhy regulation is important

Choosing a well-regulated forex broker is important for avoiding forex scams. Check out my popular educational series that teaches you how to identify common forex scams and provides helpful information about what to do if you've been scammed. For crypto traders, I explain how you can spot common crypto scams.

FAQs

Is forex trading legal in Russia?

Yes, forex trading is legal in Russia, but it’s heavily regulated. The Central Bank of Russia (CBR) is the primary financial regulator responsible for licensing domestic forex dealers. However, due to strict local rules, many international brokers no longer maintain a local license and instead serve Russian traders under international entities.

While Russian residents can technically access offshore brokers, it's important to understand the legal risks and limitations. For example, the CBR restricts leverage and requires domestic brokers to meet strict capital requirements. If you choose an international broker, make sure they are well-regulated in a trusted Tier-1 jurisdiction.

How do you open a forex account in Russia?

To open a forex trading account in Russia, start by choosing a trusted and well-regulated broker that accepts Russian residents. If you opt for a locally licensed broker, they must be registered with the Central Bank of Russia. If using an international broker, ensure they are authorized in major financial centers and comply with international regulations.

Once you've selected a broker:

  1. Complete the online application, providing your identification documents and proof of residence.
  2. Verify your account, usually via email and document upload.
  3. Fund your account using supported payment methods such as bank transfer, debit card, or an e-wallet.
  4. Start trading, ideally by exploring a demo account before committing real funds.

Just remember: not all brokers are allowed to advertise in Russia or offer RUB-based accounts, so review the terms carefully before registering.

What is the best Russian forex broker for MetaTrader 4?

FOREX.com is my top pick for the best MetaTrader 4 (MT4) forex broker in Russia. The broker offers full MT4 support, including Expert Advisors (EAs), customizable charting, and a wide selection of indicators which is all backed by strong execution and global regulation.

Russian traders using FOREX.com can access competitive spreads, including the RAW Spread account, which delivers tighter pricing and volume-based rebates for active traders. The platform is also known for its reliability, making it a solid choice for those who rely on MT4 for automated or technical trading.

Article Resources

CBR Website, CBR Wikipedia Contact the CBR

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2025 Review Methodology

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

Read our full explanation and accounting of our research and testing process to 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.

About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker 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. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans

John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck

Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

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