VTB Forex is going to conclude a partnership agreement with Alpari

02-06-2021

The other day the Central Bank of Russia presented a black list of brokers, which included more than 500 unlicensed companies. As a result of the regulator’s active actions, the activities of almost all foreign OTC firms were banned. In addition, the Central Bank urged the major payment services to refuse cooperation with unlicensed Forex brokers. 

Under the megaregulator’s watchful eye it is difficult for the remaining brokers to use the potential of the Russian market. Licensed Forex-dealers started to look for new approaches to work, one of which was the partner model of attracting clients. Alfa-Forex first tried this option in 2019. As a result, its operating performance began to grow. 

In March 2021, news emerged of VTB’s intentions to follow in Alfa-Forex’s footsteps. The company is negotiating with another licensed dealer, Alpari, for a partnership agreement. As a result of the deal, the well-known brand will refer potential clients to VTB under certain conditions. 

“We, as a forex dealer with state participation (VTB Forex), strive to organize socially responsible forex. For their part, licensed forex dealers began to offer an agency scheme, the essence of which comes down to the fact that the client has the opportunity to return to the native harbor, “- say representatives of VTB Forex.

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