Central Bank of Russia May Ban Leveraged Trading for Non-Professionals

[kreslik.news]

Russia, the land of Trabants and extrajudicial killings, may about to change the rules governing its retail trading industry. According to a report by local outlet Tass, the Deputy Chairman of the Central Bank of Russia, Sergei Shvetsov, told a group of reporters last Thursday that regulators may ban leveraged trading for non-professional traders.

“For forex, we will offer to expand the number of products that are being processed through forex dealers, but at the same time reduce their leverage,” said Shvetsov.

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Those other products are likely to be stocks and securities. At the ... (read more)