Licensed Russian Forex Dealers See Rise in Client Numbers in Q2 of 2021

Fazzaco learned that AFD, the Russian self-regulatory Forex industry organization, has published some key metrics of the local Forex dealers including VTB Forex, Alfa-Forex and FINAM Forex, showing a rise in client numbers in the second quarter of 2021.

According to the AFD published numbers, licensed Forex dealers operating in Russia have added a total of 5,489 new clients to their platforms in the second quarter of 2021. The Russian brokerage platforms added more than 16,000 traders over the period of one year, and the total number of traders has now surpassed 34,900.

Additionally, the agency detailed that licensed Forex dealers processed 1 million transactions in the second quarter of 2021, with a total quarterly trade turnover of more than 2.119 trillion rubles.

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AFD ("Association of Forex Dealers") is a Russian self-regulatory organization (SRO) that brings participants (brokers) of Forex market together. This organization appeared at the end of 2015, its founder is broker "Finam Forex", first licensed by the CBR. Then in the AFD entered "Request group", "Trastforeks" and "VTB 24 Forex", also a licensee of the Bank of Russia.