Forex market in Belarus
This year Forex in Belarus is represented as national organizations included in the register of the National Bank of Belarus. It opens representative offices in the largest cities: in Minsk, Brest, Mogilev, Gomel, Vitebsk. According to the ARFIN public association, it is planned to enter national American, English and Cypriot groups in the near future.
Today, Forex is actively developing in the country, and the interests of participants are protected at the legislative level.
FTM Brokers is your key to stability and reliability
A real breakthrough in the field of trading is demonstrated by FTM Brokers, a company offering beneficial investment conditions and full legal protection for professional and new participants in OTC markets. Among the most attractive features of forex companies, which are noted by experts, are the speed of execution of orders and the transparency of transactions, the convenience of tools and the availability of many additional functions. The serious benefit to the participants of online trading is the technical analysis of specialists and information support. With a competent approach, investing can become a promising option for business. In order to start, you need to conclude an agreement, replenish your account, and proceed with operations.
Having rejected the European algorithm for regulating Forex services and unsuccessful Russian experience, Belarus chose its own path. The financial activities of investment organizations are regulated by the National Bank of the Republic of Belarus and carried out in accordance with the Presidential Decree No. 231 (dated 04. 06. 2015). The incentive measures taken by the authorities have led to an annual doubling and tripling of the number of customers. Tighter regulation of industry in the EU and the revocation of licenses in the Russian Federation from the largest Russian groups that are not affiliated with banks did not affect the current situation.
Forex development perspectives in Belarus
Unlike Russian companies that spent money on advertising and attracting members to offshore companies, the OTC market in Belarus is developing as an independent sphere. Special requirements are aimed at maintaining the customer base and relate to guarantee funds, capital, liquidity, and other norms. The vector is aimed to follow global trends, and when new tools appear, changes are quickly made in the national legislation. Changes in the Tax Code did not affect the benefits provided for individuals who even this year are exempted from tax payments.
Where is better to invest in
Taking into account the calm situation of the stock market in Belarus and the low interest rates on foreign currency bank investments, Forex remains a good alternative for those people, who have money and ready to invest them in potentially profitable projects. Terms of cooperation with companies should be checked out in advance on their official resources.