Bank of Russia Blacklisted Forex.ee

The Bank of Russia has added Forex.ee, to the list of firms suspected of engaging in illegal financial dealings. As usual, the regulator did not provide the physical address of the online broker.

The history of Forex.ee started in Estonia back in 1998. The company started offering brokerage services to the local Estonian public. This is how Forex.ee was established. By as early as 2001, in search of modern technology solutions, Forex.ee was outsourcing the development of its trading platform oriented towards the trends and demands of the international market.

Since 2013, the company adopted the use of authentic ECN technology, which contributed to the transparency of all internal processes at the company and served as an additional indicator of brokers reliability.

After a successful redesign in 2014, the company presented its new contemporary website offering more convenience and modern simplicity in course of cooperation with clients.

About Bank of Russia

In July, 1990 the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ was adopted. The objectives of the Bank of Russia included the protection and stability of the ruble, the stability and development of the national payment system, and the development and resilience of the financial market of the Russian Federation.

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