Clients of forex broker BCS Forex can no longer use QIWI Wallet

19-02-2021

According to the requirements of QIWI Bank, BCS Forex temporarily can not accept payments and make payments through the processing platform.

Domestic e-wallet QIWI, which used to actively work with various foreign forex brokers, is forced to stop providing services to its partners. Such changes have occurred based on the requirements of the Bank of Russia. To do without processing common in Russia will have to and offshore forex broker BCS Forex.

“It is temporarily impossible to accept payments, as well as to make payments with the help of Kiwi Wallet. Restrictions were imposed on the requirements of QIWI Bank, based on the resolution of the Central Bank of Russia. As a result, operations related to the withdrawal of funds to Qiwi Wallets have been suspended. At the same time for clients are available other tools for deposit and withdrawal of money”, – noted the management of BCS Forex in the statement to the traders.

It is worth noting that in 2021 the Central Bank of Russia restricted in cooperation with unlicensed brokers in Russia, not only the system QIWI, but also the platform YUMoneu. There is a clear application of foreign methods aimed at combating illegal participants of the OTC market. Such methods are highly effective, because the payment systems are one of the key participants of the brokerage business, the restrictions are extremely painful for the offshore intermediaries.

Regarding BCS Forex, the platform, stopped accepting and serving new clients from Russia back in the spring of 2018. “As of 05/21/18. We stop cooperating with the residents of the Russian Federation. In this case the temporary restrictions are relevant only for new traders. The quality of services provided to current clients from Russia will not be affected in any way. BCS Forex will continue to meet the obligations to the owners of the existing accounts in full, the traders will continue to use the full range of available tools, “- said then A. Kapustin, the head of marketing department of the intermediary.

In early fall 2020, forex-bcs.com was blacklisted by Roskomnadzor based on the requirements of the Prosecutor General’s Office. The official reason for such sanctions was Article 15.3 of the Law No. 149-FZ of 27.08.06.

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