Alfa Forex warns of wide spreads on USD/RUB and EUR/RUB
Alfa Forex, a subsidiary of Russia’s Alfa-Bank, today issued a notice regarding trading in Russian ruble pairs.
The Forex broker, which is among the handful of companies with a Russian Forex dealer license, today warned that the market spreads for USD/RUB and EUR/RUB pairs have reached a critical level and may widen further at market open.
In order to avoid stop-outs, the start of the trading session for these pairs is likely to be postponed.
Last week, Alfa Forex noted that it is not limiting deposits and withdrawals, and that Visa and Mastercard continue to work.
Regarding the sanctions against Alfa-Bank, the broker commented that these restrictions have affected the bank’s ability to attract foreign capital. These sanctions are not threatening the funds and assets of the clients of Alfa Forex.