When will Forex be banned?

The tightening of requirements for the provision of Forex trading services over the past few years has led many to uneasy thoughts.

This is not the first year that Russian traders have been wondering when Forex will be banned and in what form this will happen.

How will this affect this service sector and will it be possible to circumvent this ban using technological progress?

While the government's actions do not inspire optimism, decrees designed to protect gullible citizens are increasingly restricting the activities of brokers.

So, the future of trading in Russia:

• Probable timing of the ban and options for measures
• Examples of countries that have banned stock trading
• What to do if Forex is banned? Is it possible to circumvent this law?

Probable timing of the ban and options for measures

Despite the absurdity of this ban (after all, no one has banned bookmakers), the Central Bank of Russia plans to protect its citizens from making money on the currency exchange.

Moreover, this may happen in the near future; it will be enough for another bankruptcy of a pseudo brokerage company to occur. Which, by the way, work on the territory illegally, without the necessary licenses, but in our country, as always, those who honestly follow the laws suffer.

It is a high-profile bankruptcy that will justify the introduction of new restrictive measures or make it possible to completely ban Forex in Russia.

Technically, this could look like this:

• Prohibition of citizens to make transactions on the stock exchange
• Blocking of brokers’ websites
• State claims against domain owners
• Prohibition of making transfers in favor of persons offering brokerage services

Examples of countries that have banned exchange trading

Russia is far from the first country to try to protect its citizens in this way; there are a dozen countries in the world where trading in CFDs .

And several countries, including the USA, where Forex is almost completely prohibited. It is the United States that is most often cited as an example of a ban, but if we are impartial, it should be noted that this type of activity was not completely banned, but only the maximum tightening of requirements occurred.

Which primarily affected the size of leverage, the minimum deposit amount, the prohibition of certain strategies and, again, the same contracts for difference CFDs.

If the Russian government follows the same path, it will only make Forex trading more civilized and truly protect citizens from most risks.

What to do if Forex is banned? Is it possible to circumvent this law?

It is difficult to imagine that in our country some law cannot be circumvented, especially if the people themselves want it.

There are many options for how to get around the ban, especially for people who are a little familiar with the Internet, these include various proxy servers and regular changes of domain names of broker sites and other tricks.

In addition, brokers themselves can take measures to protect themselves by changing the name of the services provided and the requirements for client verification.

Even under the most unfavorable set of circumstances, you should not be upset because there is still trading on the stock market , and it is more complex, but also more interesting.