Will binary options be banned in Russia in 2021? Where can traders from the Russian Federation trade?

Today we would like to touch upon such an important topic as “When will binary options be closed in Russia?”, as well as briefly summarize the past year.

You may or may not be aware, but at the beginning of 2021, five Forex brokers lost the opportunity to legally operate in Russia due to the revocation of licenses by the Central Bank. On December 26, 2018, options broker Olymp Trade stopped working with clients from Russia, citing future changes in the law “On Securities Markets”. On August 1, 2021, the binary options broker Binomo left the Russian market. And just the other day, Forex dealer Forex Club announced the complete cessation of registration of traders from Russia on its website.

Such news shocked many clients of these companies, especially since Forex Club is one of the most famous Forex brokers in the Russian Federation.

Olymp Trade, in turn, was one of the most famous binary options brokers at the time of his departure. But if Forex dealers simply lost their licenses and continued their work, Olymp Trade completely left the Russian market.

In 2021, there has not yet been a single large and trusted binary options broker that has stopped providing its services in the Russian Federation, unlike in previous years, when Olymp Trade and Binomo left the market.

However, there were fraudulent brokers who were actively operating, but some of them still closed and their website stopped working. Such fraudulent projects include optiontime.com, optitrade24.com, marketoptions.com and many others.

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Broker UTRADER (UTRADER) is one of the first binary options brokers, providing services for Russian-speaking traders. The broker opened in 2011 and immediately received a license from the Center for Financial Markets. The website and the uTrader trademark belong to Day Dream Investments Ltd, registered at Trust Company Complex Ajeltake Road, Majuro, Marshall Islands, MH96960 The company's office is located in Riga, Latvia.

Website and trademark uTrader Yutrader – General information

The company's team presented its product in 2011. The successful start of the project was due to the experience of the company’s specialists, who ensured the implementation of the latest developments in the field of electronic trading of binary options. Traders were provided with the most effective trading platform uTraderTP, as well as support with exclusive analytical materials.

The uTrader project is the first Russian-language project designed for an audience of CIS traders and incorporating the experience of achievements of global financial operators. In terms of development dynamics, the project confidently occupies a leading position among the operating companies of the binary options market in Eastern Europe.

The company's staff consists of highly qualified specialists. First of all, these are experienced traders for whom trading binary options is not just a job, but a way of life. The company employs specialists in the field of Internet technologies who have unique experience in the development and implementation of trading technologies on the Internet.

Training for beginners

The “Training” section contains high-quality and interesting materials that will be useful not only for beginners, but also for advanced users. All information is sorted by specific items:

1. Webinars. This tab contains a schedule of trainings that will allow a trader to study the structure and functioning of the financial market from the inside.
2. Video lessons. Here we offer visual training in trading on the Utrader platform with maximum benefit. The reviews are divided into two categories: for beginners and experienced traders.
3. How to trade? This paragraph offers an introductory article about the features of trading CFDs and Forex options.
4. Platform tutorial. This is a step-by-step instruction for working in the Utrader trading terminal, starting from account registration and ending with the withdrawal of profits.
5. Glossary of terms. The category contains current definitions of all concepts that are directly related to binary options trading.

Regulation of Broker uTrader (Yutrader)

Broker utrader Regulated by TsROFR Certificate RU 0395 AA Vv0090. Reviews show that the company is honest with traders and offers high-level service. At the same time, the company’s license is an additional guarantee of quality. Therefore, if you are looking for an honest, reliable binary options broker, uTrader (UTrader) will be the best choice

Utrader Customer Service

Broker uTrader gives you the opportunity to contact him in all convenient ways. Traders can contact the broker anytime 24/7. Service includes analysts, technical support and financial department.

• +7 (495) 585 1438
• +7 (717) 272-7443 Kazakhstan
• +380 947-117-077 Ukraine
• Online chat
• utrader.com
• [email protected]

Step-by-step instructions for registering on the site

You can start trading activities after opening a trading account. To do this, you must follow the following sequence of actions:

1. Go to the official website https://ru.utrader.com/.
2. Fill out the form located on the right side of the screen. To create an account, you must provide your last name, first name, email address and phone number.
3. Create a personal password and click the “Register” button.
4. In the new window, select the account currency and check the box indicating that you agree to the terms of the contract.

When registering, you must pay special attention to entering your personal data. Otherwise, difficulties may arise when passing verification to withdraw profits.

Promotions and offers of the broker uTrader

The utrader broker earns money himself and allows traders to earn money. There are also promotions and offers for beginners and professionals. They are always updated. To find out what promotion is currently offered by the broker, click on PROMOTIONS AND OFFERS in the top menu.

Today the broker offers traders:

• RISK-FREE TRADE
• DEPOSIT BONUS 150%
• EDUCATION
• FREE TRADING SIGNALS

By taking advantage of one of the broker's offers, you can increase your chances of earning money and increasing your profits.

>> GET FREE SIGNALS

How to set up an economic calendar?

To update the economic calendar data, we recommend setting it up:

• indicate the time zone . Agree, it is difficult to keep in mind the time difference with many different countries. To set your time, you need to select your city or the one that is as close as possible to your locality. Also take into account the fact that some countries change their time to winter.

Time – the exact time at which economic news was published is displayed here.
Currency – indicates the currency that the event will affect. Importance (Important) – displayed as bull heads. One head is a weak influence, two heads are medium, three are the strongest. Event – ​​the name of economic news. Actual value (Act.) – value in percentage terms immediately upon the occurrence of an economic event. The numbers in this column can have three colors (green, red and black). It is the color and the very meaning of the numbers that a trader who wants to trade profitably using the best news strategies on BO news should take into account. Let us present you with an analysis of the meaning of colors:

— red – this value is significantly smaller in size in contrast to the previous one (has an impact on the fall of the currency);

— green – the value is much higher than the previous one (has an impact on the growth of the currency);

— black – coincidence of the actual value and the previous value (has no effect).

Forecast is a display of forecast values ​​for a particular economic event, which are forecast by financial market analysts. Previous Value (Prev.) – Shows previous values ​​for an economic event to compare with the actual value.

• select countries that belong to Forex currencies;

• set the time for accurate display of economic news;

• select a news category. You can select all categories or the most important ones (employment, Central Bank, inflation);

• adjust the level of importance of news from the financial sector. To conduct your trading according to the best strategy, give your preference to the most important economic events that have three bullish heads near them.

A simple news trading strategy

When we have become familiar with the settings and their setting of the economic calendar and have chosen for ourselves the most optimal filter settings, which should display the most important economic events, then we should get something like the following picture:

Attention! We set up the calendar for tomorrow, since this article is being written on Sunday, when the foreign exchange market is a day off.

We can filter by calendar what news was on, say, Thursday (12/19/2019). This is necessary to demonstrate examples of transactions opened during the release of important economic events.

So, how to trade BO based on news from the economic calendar?

Answer: very simple! When we see the red value appear, we enter into a SELL deal. If we see green values, then we conclude a BUY deal. If we see the value published in black, we do not open any transactions.

What currency pairs are best to trade in options contracts? We have compiled a list of the most popular currency pairs, and also indicated how to act correctly and what the color of the publication of an economic event means.

For USD (US dollar), when there is economic news with a red value, you need to enter into SELL transactions for the currency pairs: USD/JPY and USD/CAD. However, for AUD/USD, EUR/USD and GBP/USD pairs, you need to prepare BUY trades. If the news value is displayed in green, then for pairs USD/JPY and USD/CAD you should consider BUY, but for pairs such as AUD/USD, GBP/USD and EUR/USD you should prepare SELL options. For EUR, if the event is displayed in red, then we prepare SELL transactions for the EUR/GBP and EUR/USD pairs. If the values ​​are green, then BUY.

For AUD only in pairs with the US dollar, that is, exclusively the AUD/USD pair. If the indicator is red, we prepare SELL transactions; if it is green, then BUY.

For GBP we take into account only the US dollar and the euro. If red appears, SELL for GBP/USD and GBP/EUR pairs, but BUY for EUR/GBP pairs. If green comes up, then BUY signals are assumed for the GBP/USD and GBP/EUR pairs.

JPY is intended to be used in pairs with the US dollar. If it comes up green, then for the USD/JPY pair it’s a BUY option, but if it’s red, then it’s a SELL option.

For CAD - paired with USD. Thus, for the USD/CAD pair in red, you should enter into a BUY deal, and for green, you should enter into a SELL deal.

For NZD we only trade in pairs with the US dollar. That is, for the NZD/USD pair, when the display is green, you need to enter into BUY transactions, and when it is red, SELL.

Which timeframe to choose?

Surely you are tormented by the question regarding the duration of the transaction in options trading, using the best strategies on the news. Here you can answer this way: everything is individual. The optimal expiration period for news trading on the BO market is that most traders still prefer to open trades for 120 seconds. If it’s more, you can overdo it; if it’s less, you won’t reach the required level. You can trade for 60 seconds, but this refers to aggressive trading.

Which pairs to trade?

It’s impossible to keep up with all the assets, so choose only proven, highly volatile pairs that correspond to the countries from the news calendar.

Surely you will ask, what does China have to do with New Zealand and Australia? The fact is that China cooperates quite closely with these states in the trade sphere. This state is the main partner that influences their economy. So, it is enough to track economic news in China, and you can make long-term forecasts for the NZD/USD and AUD/USD pairs. Naturally, it is also necessary to make allowances for news in the United States.

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Trading platform uTrader (Yutrader)

Broker uTrader (Yutrader) works on the platform of the provider SpotOpshin. Having more than 200 assets available for trading. The interface of the trading platform differs from the original. It is clear that the company has tried and worked hard to make trading more efficient and convenient. The top menu of the trading platform shows all assets and types of options, so the trader does not need to jump through different pages of the site.

Will binary options be banned in Russia in 2021?

There were no statements from government officials. But if suddenly they decide to ban binary options or any other trading activity in Russia, this will not affect you and me in any way, because we will all work through offshore companies. You don’t have to go far to see the work of online casinos and brokers operating without a license.

Of course, it is much better to trade when you understand that you are protected from brokers violating their obligations. But traders from the Russian Federation have always traded through offshore brokers and nothing has changed yet. And as experience shows, the absence of a broker’s license does not always mean that the broker is dishonest and does not fulfill its obligations to clients.

Therefore, you don’t have to worry about your broker leaving Russia in 2021. Even if this happens, you will still be able to use its services in one way or another.

Additional advantages of the uTrader broker (Utrader)

Broker uTrader (Yutrader) is suitable for both advanced traders and professionals. The broker offers trading training and support. Each trader receives a manager who accompanies and advises on trading.

For beginner traders there are books and video courses. For more advanced and pros, there are webinars that reveal the opportunity to earn money and show profitable moments.

Daily analytics with analysis of economic news and technical analysis are published on the website every day. Traders can also track market trends directly on the website.

In addition to training, uTrader provides signals that are based on technical analysis. The results showed a positive trend. You can receive signals either by email or by SMS (the main thing is to leave the number correctly when registering).

Why did the Central Bank of Russia revoke the licenses of Forex brokers?

Most likely, few people were surprised when they learned about the cancellation of licenses from such little-known Forex brokers as Trust Forex and Fix Trade. But it was unexpected for most when the Central Bank revoked the licenses of Alpari, FxСlub and Teletrade, which it (the bank) had issued around 2015. The Central Bank gave an official statement why such actions were taken: “For failure to comply with the instructions of the Bank of Russia.”

Licensing of brokers in the Russian Federation was introduced in order to make working with domestic brokers as safe as possible. But the main thing for which the licenses were issued was the return of capital from the offshore zone back to the Russian Federation. For brokers, one of the advantages of owning a license was the opportunity to officially place advertisements on any Internet resource and more without restrictions.

It's no secret that if it were more profitable to work outside of offshore countries, everyone would do so. But the transfer of all “capacity” back to the Russian Federation entails large costs for brokers. 99% of companies, if they have the opportunity to work offshore, will do so, since taxes there are several times lower.

And it was foolish to be surprised when Forex brokers opened subsidiaries in Russia, for which newly issued licenses were issued, and activities were carried out through the same offshore companies. Of course, they registered new traders in the Russian Federation, but for all three years, about 200-300 clients were registered in all companies with a license.

Brokers did not neglect the right to use advertising, because this is the main tool for raising capital, and there were no restrictions on its use. Clients attracted in this way were still registered in offshore companies. From the information obtained from the reports, all five dealers were making losses due to high advertising costs and making almost no profit from the customers they attracted.

The Central Bank of the Russian Federation could not continue to support brokers after such reporting. Has this affected the clients of these brokerages? - No. After all, they were all registered in offshore companies and continued to use the company’s services as before. What about the brokers themselves? Their only loss is the ability to advertise freely. This may, of course, reduce the influx of new clients, but the old ones have not gone away. And advertising can be placed in many other places.