{"id":1345,"date":"2016-11-29T08:23:20","date_gmt":"2016-11-29T08:23:20","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=1345"},"modified":"2020-09-21T11:42:20","modified_gmt":"2020-09-21T11:42:20","slug":"nafd-registered","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/nafd-registered\/","title":{"rendered":"NAFD Forex Brokers and the Russian Economy"},"content":{"rendered":"
The largest country in the world is also involved in the most interesting and most profitable market in the world, the Forex industry. The economy of Russia is defined as an upper-middle class economy which is partly run by the state and partly by private-owned enterprises.<\/p>\n
<\/a>The geographic characteristics and size of Russia are important features which shape and contribute to the economic development. Russia is known for lucrative natural resources like oil and natural gas. Now, Russia is looking to dominate the Forex industry as well, trying to create optimal conditions for Forex and other non-banking financial companies which have an interest to enter the Russian market. From the 1990s the Forex market started to develop in Russia resulting in a large number of traders. The Forex market in the Russian Federation is very big and this economic and political superpower has a need for quality brokerage and regulation. The governmental institutions such as the Central Bank don\u2019t have a centralized authority within a set regulatory system, and there is an obvious need for changes and there are self-regulatory associations creating regulatory frameworks. The National Association of Forex Dealers, formerly known as CRFIN, is one of the most important of such organizations functioning as a policymaker, supervisor and trader advisor.<\/p>\nBest Forex Brokers<\/h3>\n