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Due to favorable tax conditions, more and more forex brokers have been applying for a Belarus license. Since 2016, Belarus has been under regulation, having since seen 17 companies and 2 national banks added to the register of forex companies by the National Bank of the Republic of Belarus (NBRB). In order to provide services in the retail forex market in Belarus, it is necessary to obtain a license issued by the NBRB to be included in the official register. Brokers must also undergo an assessment of their trading software, deposit a guarantee payment to the compensation fund and become a member of the local Association of Financial Market Development (ARFIN). ....