Risk Management Index
The National Bank of the Republic of Belarus(NBRB) is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" , but soon worked under the direction of the State Bank of the USSR. Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring independence from the Soviet Union. The bank's activities are regulated in the Banking Code enacted in October 25, 2000. Article 25 of the Banking Code, provides that one of the main functions of the NBRB is to ensure efficient, reliable and safe functioning of the interbank settlement system, and prescribes procedures for cash and non-cash settlements in the Republic of Belarus.
License Type:Retail Forex License
Regulated in Country/AreaBelarus
Regulatory License No.：192612632
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :220116, Minsk, Dzerzhinsky Ave. 104, office 803Б, room 137
Phone Number of Licensed Institution :375173365545
Licensed Institution Certified Documents :OpenFX NBRB监管截图 View Certified Documents
Most visited countries/areas
The data are from WIKI Research 2021.06.13 updated
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Basic Information & Regulators of OpenFX
OpenFX is a Belarus-based provider of foreign exchange and commodities trading services, which started successfully completing its first trades on the foreign exchange market in 2004, launched a multi-stage program for trader development in 2017, and began offering investment solutions on the Belarusian and Russian markets.OpenFX currently holds a National Bank of Belarus (NBRB) retail Forex license (license number: 192612632).
Safety Analysis of OpenFX
The primary factor in measuring the safety of a forex trading platform is whether it is formally regulated or not. WisunoFX is currently only regulated by the NBRB of Belarus, a C-level regulator, which is not a strict regulator of foreign exchange, meaning that the safety of investors' funds and trading activities are not effectively protected. Investors should be cautious about using OpenFX as a forex broker.
Market Instruments of OpenFX
OpenFX offers investors a small range of investment assets, mainly currency pairs in the Forex market, commodities, oil markets, and stock indices.
Accounts & Leverage of OpenFX
To meet the investment needs and trading experience of different investors, OpenFX offers three different types of accounts, namely the Pro Account (minimum deposit of $500/€500/30,000 rubles), the Premium Account (minimum deposit of $1,000/€10,00/65,000 rubles), and Investment Account (minimum deposit of $10,000/€10,000/65,000 rubles). The maximum leverage is 1:200 for Premium and Investment accounts and 1:100 for Pro accounts.
Spreads & Commissions of OpenFX
Spreads start from 0.0 pips for all three accounts, and commission starts from 0.01% for Pro accounts (round turn), 0.03% for Premium accounts (round turn), and 0.13% for Investment accounts.
Deposit and withdrawal
Advantages & Disadvantages of OpenFX
The main advantages of OpenFX as following:
l NBRB regulation
l Availability of different types of accounts
The main disadvantages of OpenFX including:
l Non-MT4/MT5 trading platform.
l Higher commissions.
l No deposit and withdrawal method
4. less variety of trading instruments offered
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.