Forex broker BCS Forex clients can no longer use QIWI Wallet

According to the requirements of QIWI Bank, BCS Forex is temporarily unable to accept payments and make payments using the processing platform.

The domestic electronic wallet QIWI, which previously actively worked with various foreign forex brokers, is forced to stop providing services to its partners. These changes have occurred based on the requirements of the Bank of Russia. To dispense with common RF processing is necessary and offshore forex broker BCS Forex.

“It is temporarily impossible to accept payments, as well as make payments using the Qiwi Wallet. Restrictions were introduced according to the requirements of QIWI Bank, based on the decree of the Central Bank of Russia. As a result, operations related to the withdrawal of funds to Qiwi wallets were suspended. At the same time, other tools are available for clients to replenish accounts and withdraw money, “- said the management of BCS Forex in a statement to traders.

It is worth noting that in 2021 the Central Bank of the Russian Federation limited, in cooperation with unlicensed brokers in Russia, not only the QIWI system, but also the YuMoney platform. There is a clear application of foreign methods aimed at combating illegal participants in the OTC market. Such methods are highly effective, since payment systems are one of the key participants in the brokerage business, restrictions are extremely painful for offshore intermediaries.

Regarding BCS Forex, the platform stopped accepting and serving new clients from Russia in the spring of 2018. “From 05/21/18, we are no longer cooperating with the residents of the Russian Federation. At the same time, time limits are related exclusively to new traders. This will not affect the quality of services provided for current clients from the Russian Federation. BCS Forex will continue to fulfill its obligations to the owners of existing accounts in full, traders will continue to be able to use the entire available set of tools, ”said A. Kapustin, head of the marketing department of the intermediary.

At the same time, in early autumn 2020, based on the requirements of the Prosecutor General’s Office, the website was added to the black list of Roskomnadzor sites. The official reason for such sanctions was Article 15.3 of Law No. 149-FZ of August 27, 2006.

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