In an interview with Kommersant, President of Finam Financial Group Vladislav Kochetkov shared his views on the development of the Russian Forex market. The prospects of forex dealer Finam were mentioned separately.
“The Russian forex is working about zero, but the service has its clients,” says Vladislav Kochetkov.
The head of the holding company does not give an affirmative answer to the question whether it is planned to close the Russian Finam broker. The company management is in no hurry to shut down the unprofitable sphere of activity. Representatives of Russian Forex hope for easing restrictions for professional investors after the adoption of the law on the testing of market players. Another opportunity to make Forex in Russia more attractive to traders is the introduction of CFD and other financial instruments.
In the first half of 2021 Finam Forex made a loss of 300 thousand rubles. In the same period of the previous year the company recorded a profit of 14 million rubles. Such situation is caused by frequent changes in tax legislation, which create difficulties for Russian forex-dealers.