Moscow Exchange

Moscow Exchange presents itself as a broker offering access to Russian financial markets, but its registration details raise immediate concerns. According to our records, the entity is registered in Mexico with a founding date of February 12, 2020, and holds no known regulatory licences. While it shares the name and domain (moex.com) of the legitimate Moscow Exchange in Russia—a regulated stock exchange—the two are distinct entities.

Our investigation found no evidence that this broker is affiliated with the real MOEX. The legitimate Moscow Exchange is a public joint-stock company founded in 2002 and supervised by the Central Bank of Russia. In contrast, the broker under review claims a Mexican registration and a 2020 incorporation, with no regulatory oversight.

The most critical finding is the complete absence of regulatory oversight. Our records show no regulators on file for this entity. This is a severe red flag, as unregulated brokers offer no recourse for clients in disputes or fund losses. FXCanary's scam risk score of 75/100 (Severe) reflects the high likelihood of potential misconduct given the lack of licensing and the deceptive use of a well-known name.

Traders should be aware that dealing with an unregulated broker puts their capital at significant risk. There is no guarantee that funds are segregated, that execution is fair, or that the broker operates with transparency.

The broker claims to offer trading in equities, bonds, derivatives, currencies, money market instruments, and commodities. It specifically mentions access to over 700 issuers on its equity and bond markets, suggesting a broad product range. However, without independent verification or live trading data, we cannot confirm the actual availability or quality of these instruments.

We caution that the promised breadth of markets may not match the reality, especially for a newly established, unregulated entity. Traders should approach such claims with skepticism until the broker demonstrates transparent operations.

The broker maintains accounts on Facebook, Instagram, Twitter/X, and YouTube. Social media can be a double-edged sword: while it may indicate some level of business activity, it also serves as a channel for reaching potential clients. We were unable to verify the authenticity or engagement levels of these accounts.

Given the lack of regulatory oversight, social media presence alone should not be interpreted as legitimacy. Many unregulated brokers use social platforms to appear established while concealing their true background.

Based on its claims, Moscow Exchange aims to attract traders interested in Russian financial markets, including equities, bonds, and derivatives. The broker positions itself as a gateway to previously hard-to-access assets. However, without regulation, it is unsuitable for retail traders seeking a safe and transparent trading environment.

Only experienced traders who fully understand the risks of unregulated dealing, including potential loss of entire deposits, should consider such an entity. For most retail traders, our advice is to avoid this broker entirely due to the severe risk profile.