Russian Central Bank Plans to Limit the Size of Retail FX Business

[kreslik.news]

The Russian Central Bank’s First Deputy Governor Sergey Shvetsov has just concluded an online streaming session, sharing some of his views on the retail forex industry in the country. Speaking to readers via an open Facebook session, Shvetsov expressed a strong opinion that the central bank is willing to limit forex trading services provision to qualified investors.

Commenting on the market in general, Shvetsov said that claims of making “easy” money on the financial markets are very exaggerated. He highlighted the forex market, stating that its zero-sum game nature should make investors more cautious, since in order to make money, another party ... (read more)