RoboForex and regulation of Forex in Ukraine

October 24, 2013 by the Association of Brokers Forex "Ukrainian Center for OTC financial instruments and technologies" (UCRF) presented the results of the first in Ukraine Forex market research and proposals for its regulation.

According to the chairman of the Association of Alexei Atroshchanka, the study confirmed that the Forex market in Ukraine has reached a size at which the absence of legislative regulation of the industry is becoming a serious problem. And it should be addressed without delay. Increased efforts are needed to work as a legal basis to supplement, and for its amendment in line with international standards.

The result of this work should be:

•  Preventing capital flight brokers Ukraine to other jurisdictions.

•  The annual growth of the market by 10-15 % per year.

•  The increase in revenue to the state budget through taxes on income from operations in the Forex.

•  Effective protection of the rights and interests of clients, in particular - from the actions of rogue companies.

Among RoboForex welcome the decisions taken and are ready to continue work on the development of legislative regulation of Forex in Ukraine. Just bring together leading brokerage companies and government agencies to quickly and efficiently create in Ukraine a civilized market of Forex-operation.