From today, Russian Forex dealer VTB Capital Forex resumes offering of trading in foreign currency pairs to its clients.
Russian Forex broker
Alfa Forex is set to reopen trading in USD/RUB и EUR/RUB from Monday, March 14, 2022, but trading times and leverage will change.
Alfa Forex warns that the market spreads for USD/RUB and EUR/RUB have reached a critical level and may widen at market open.
One of the handful of regulated Forex brokers in Russia – VTB Capital Forex, has warned of temporary disruptions to currency trading.
Last year, the Central Bank of Russia detected 812 illegal Forex brokers, with most of them targeting people online.
The Central Bank of Russia grants Forex dealer license to Brokercreditservice – Forex (BCS-Forex), taking the total of such license holders to four.
Effective from 1 October 2021, brokers, dealers, asset managers and Forex dealers must comply with the capital adequacy ratio.
There are currently only three brokerages in Russia that have Forex dealers licenses issued by the Russian central bank.
The Central Bank of Russia has published a list of firms whose activities are illegal in Russia, including hundreds of Forex firms.
The vast majority of retail clients of Russian brokers are male, 30 to 40 years of age, analysis conducted by the Central Bank of Russia shows.