Interfax Survey: 3 Brokers Control 60% of Russian FX Market, 66% of Traders Lose

The center for economic analysis Interfax-CEA recently published a report on FX brokers in Russia during 2014, assigning a composite rating that was established via a list of parameters. This survey featured a total of 22 Russian FX brokers and a sample size of approximately 8,000 traders.

The report details a few interesting trends, namely the market dominance of Alpari RU, Forex Club and TeleTrade, which collectively control 60% of the Russian FX market. Furthermore, the survey yielded that the average size of customer deposits in Russia stands at $900.

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