The following legal entities can be registered in NFC as forex brokers:
- legal entity registered in the Republic of Belarus, the authorized fund of which is formed of at least BYR 2 billion and included into the register of forex of companies by the National Bank of the Republic of Belarus. Enrolment terms for forex companies are described here.
- bank or non-bank financial institution (NBFI) carrying out transactions in the OTC forex market.
Forex brokers are required to transfer funds to the guarantee fund of NFC
Accounting fees in the amount of USD 55 000 shall be transferred to:
- forex companies - within three working days from the date of issue of National Bank's certificate for its inclusion into the register of forex companies, but not later than the date of the first agreement for operations with non-deliverable OTC financial instruments;
- banks (NBFI) - not later than three working days before the date of the first agreement for operations with non-deliverable OTC financial instruments.
Calendar fees are to be transferred by forex brokers to the guarantee fund at the amount of not less than 5 percent of the total amount of margin calculated as of the last working day of the week.
Forex brokers are entitled for repayment of accountable and/or calendar fees in the order established by the legislation.
mail: 48a, Surganova str., room 225, Minsk, 220013, Belarus
tel. +375 (17) 309 33 26