Foreign brokers introduced restrictions for Russian investors

Foreign brokers introduced restrictions for Russian investors
Photo is illustrative in nature. From open sources.
European broker Exante and American Interactive Brokers have warned about restrictions for Russian residents due to sanctions. Problems arise with the withdrawal of funds,

Russian clients of foreign brokers - European Exante and American Interactive Brokers - faced service problems, RBC learned. Restrictions may apply to the withdrawal of assets and the processing of transactions with securities. This is another obstacle - following the actual halt of most trading on Russian exchanges and the inability to work with foreign sites through Russian brokers.

What is Interactive Brokers and Exante

Interactive Brokers (IB) is registered in the usa , Exante - in Malta (founded by Russians), both companies do not have a license from the Bank of RUSSIA. Previously, they worked in Russia on a sub-broker scheme, that is, through local partners. Now both are blacklisted by the Central Bank - Russian investors have the right to work with them directly, but cannot receive the protection that Russian regulation provides, the Bank of Russia explained.

Guide to sanctions and restrictions against Russia. Main Business

IB policy

Residents of Russia and Ukraine can still open new IB accounts, explained RBC consultant Alina Ananyeva, who is an independent administrator of IB accounts (a type of account that allows you to make some transactions on behalf of clients).

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