Alfa Forex Switches RUB Pairs to Close Only Mode

Fazzaco learned that Alfa Forex, a Russian multi asset platform, has put its Russian ruble pairs on 'close only' mode due to the increasing geopolitical tension between Russia and Ukraine.

Effective March 4, 2022 (00:00 Moscow Time), trading in USD/RUB and EUR/RUB has been set to close only. 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.

After increased geopolitical tension, the risks associated with the newly introduced sanctions against Russia and further uncertainty, many brokers decided to stop trading on ruble pairs. This week, Dukascopy announced to discontinue of USD/RUB and EUR/RUB trading.

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