VTB Capital Forex resumes trading in foreign currency pairs
From today, Russian Forex dealer VTB Capital Forex resumes offering of trading in foreign currency pairs to its clients.
From today, Russian Forex dealer VTB Capital Forex resumes offering of trading in foreign currency pairs to its clients.
Russian FX dealer Alfa Forex has switched trading in USD/RUB and EUR/RUB to close only, effective March 4, 2022.
Russia’s Association of Forex Dealers (AFD) will suspend all control checks, including unplanned inspections of its members.
Alfa Forex warns that the market spreads for USD/RUB and EUR/RUB have reached a critical level and may widen at market open.
Russian Forex dealer VTB Forex, a subsidiary of VTB Bank, is only accepting bids for closing positions.
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.
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.