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    CRFIN Binary Options

    The company provides no information about having the proper license. CRFIN warned all investors that by trusting their money with the company they put their finances at high risk.

    Tokyo Investment Company was founded in by three Japanese and and one Russian businessmen, according to its website. Its only office is located in Tokyo. The company presents itself as a forex broker, but its services rather resemble a banking deposit.

    CRFIN Binary Options

    It promises different profits of up to 1. It has disciplinary and control commissions which supervise and regulate its members, all of which are Russian forex brokers. In mid-March CRFIN Binary Options year, the Central Bank of Russia CBRwhich is in charge of the forex regulation in the country, decided to set up a register of all SROs in the country and to include several existing ones.

    CRFIN Binary Options

    As of 1 January this year, Russia-based forex brokers are not allowed to target local citizens, unless they have a license issued by the CBR. However, foreign forex brokers can still target Russian citizens even without a local license.

    CRFIN Binary Options

    Many of the major Russian forex and binary options brokers already partake in SROs since one of the prerequisites for acquiring such a license is that brokers need to join a SRO with at least 10 participants.

    Finam Forex is the only entity to hold a Russian forex license, but there are more that are still on the waiting list.

    CRFIN Binary Options

    With the recent regulatory improvements, it may become more attractive and tempt even more investors.