Consumer Protection Service receives complaints from telegram number database citizens about foreign companies whose names are similar to those whose licenses were revok. But we are very limit in helping them, since they have enter into relationships with foreign legal entities and only foreign regulators can exert supervisory influence on them.
lose that they were not inform
about all the conditions, and so on. The average lifespan of a client’s forex account is about 2-3 months. During this time, as a rule, if the client does not make new deposits, he loses all funds and receives a loss associat with the fact that he did not guess the movement of the rate or currency pair.
— So, companies that have left the market can offer some other services?
— The structure of the law assumes
that forex dealing is an exclusive type of activity, these companies have no right to any other. But this is when they have a license. When they do not have a license, they remain ordinary legal entities. If all obligations to citizens are satisfi and there is no bankruptcy at the same time, administrators are of situation, then they can continue to operate as legal entities. I will tell you frankly, I do not really like this structure. I much prefer the structure that we have implement in the legislation on banks and non-state pension ao lists funds – when a license is issu by the Bank of Russia along with the registration of a legal entity, and the revocation of a license leads to the termination of the legal entity’s activities.