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Russian FX dealer Alfa Forex sets USDRUB, EURRUB trading to close only

Maria Nikolova 0 Comments March 4, 2022

Russian FX dealer Alfa Forex, a subsidiary of Alfa Bank, has changed the trading conditions for Russian ruble pairs.

Effective March 4, 2022 (00:00 Moscow Time), trading in USD/RUB and EUR/RUB has been set to close only. As FNG has reported, the broker had previously warned of critically wide spreads on these trading instruments.

The rest of the currency pairs continue to be available for trading as usual.

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.

Another licensed Russian FX dealer – VTB Forex, has stopped Forex trading altogether, due to lack of liquidity from VTB, which is affected by sanctions.

Maria Nikolova

Maria has been engaged in journalism for more than 17 years, providing Forex industry coverage for the past 10 years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.