PSB Forex Reviews in Russia
PSB Forex is an offshore forex broker with no regulatory oversight. The company has been around for over 20 years and operates as a subsidiary of Promsvyazbank. It is based in Russia. It offers the same financial products that other FX companies do, but with lower leverage and fewer available currency pairs. Its website is easy to use, and it has a low entry threshold. Its biggest disadvantage is the bad support service. However, the downside is that it is easy to start without any risk and it has a low entry threshold. Looking more visit st24online отзывы.
The Bank of Russia has recently sanctioned five professional Forex brokers, including Alfa-Forex and VTB Forex. The regulator is considering these companies for the loss of millions of rubles in customer funds. But the news isn't all bad. The three remaining platforms have added over 54,000 new clients in the second quarter of this year. The number of traders is over 34,000, and the number of clients is still growing.
The central bank has ruled that PSB Forex can trade with leverage of up to two thousand times. As the Central Bank of Russia has no regulatory authority, it is not required for the company to disclose the size of its spread. As a result, traders should not be scared of this. The broker's high spread is not unusual, but it should be regulated to ensure that they are legitimate. If you're looking for a forex broker in Russia, it's worth looking into the reviews and finding out the truth. Then you'll be better prepared for the next step.
Although there are many scams in the forex market, it's important to do your research to find a trustworthy provider. There are several factors to consider. First, you need to determine which of the Forex brokers is legitimate. If you're thinking of trading overseas, you should look for a foreign exchange that's licensed in your country. There are also several reasons to choose a foreign broker. Andrey Dashin, the founder of Alpari Forex, was frequently in the media.
In addition to trustforex, a few regulated Forex companies in Russia have also been a major source of scams. For example, Trustforex was registered in Moscow in April 2015, but the security forces later blacklisted its office to prevent fraud. The Russian division of the Teletrade Group is owned by Ildar Sharipov and Vladimir Chernobay. The latter has a license to offer Forex services in the country.