In spite of political events, Belarus restored the issuance of licenses to Forex brokers

16-03-2021

After an eight-month lull against the background of the acute political situation in Belarus, the local Forex market began to recover. The issuance of a license to Forex dealer TekhEfEx LLC gives confidence in its further development. The document was registered under number 23 and allows the company to provide services at the OTC market in the country.

After receiving the license, TekhefEx LLC entered the list of brokers of the Belarusian Republic. Presumably, the company will exist under the name Investby. The impetus for the decision to register the brand was the adoption of the decree on 7.03.2016, regulating the activities in the OTC Forex market. The company became the twentieth in the list of licensed brokers in Belarus.

It is noteworthy that after the signing of Decree No. 231, only legal entities with state registration, which are registered in the register of brokers, can provide services in the OTC market in the Republic of Belarus. The firm TechEfEx Ltd. has to deposit from 55,000 USD into the guarantee fund. After that, the broker usually undergoes software verification. According to the current legislation, the company had to perform these actions within three days after receiving a certificate of being added to the register. Now the website of the new forex broker may be considered a formality, as the registration is not yet available to a wide range of users.

The company continues to go through the procedures necessary for legal activities in the Forex market. The broker promises to inform when it is ready to start working.

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