An application was filed by Forex Club, a retail Forex broker focusing on clientele in the Commonwealth of Independent States (CIS), on Tuesday for its inclusion in the Forex companies’ register maintained by the National Bank of the Republic of Belarus.
The application will be reviewed by the regulator in 30 days.
The Belarus Forex market has been regulated since June 2015, when the law was signed by the country’s president.
Forex Club has also applied and waiting for the decision for a Forex dealer license from the Bank of Russia. The Russian Forex law was signed by Vladimir Putin in December 2014, with the document stipulating that all Forex companies wishing to provide their services in the Russian market should obtain Forex dealer licenses by the end of 2015. FINAM is the only company which has secured the coveted license so far.