When will Forex be banned?.

The tightening of requirements for forex trading services over the past few years has left many with bleak thoughts.

For years, Russian traders have been wondering when forex will be banned and what form it will take.

How will this affect this service sector, and whether it will be possible to circumvent the ban using technological advances?

While government actions have not yet inspired optimism, decrees intended to protect gullible citizens are increasingly restricting brokers' activities.

So, what is the future of trading in Russia?

• Probable timing of the ban and possible 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 possible measures

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

This could happen in the near future, should another pseudo-brokerage company go bankrupt. Incidentally, these companies operate illegally in Russia, lacking the necessary licenses. As always, those who honestly comply with the laws suffer.

It is precisely a high-profile bankruptcy that will justify the introduction of new restrictive measures or will allow for a complete ban on forex in Russia.

Technically, this could look like this:

• Prohibition for citizens to make transactions on the exchange
• Blocking of broker sites
• State lawsuits against domain owners
• Prohibition on making transfers in favor of persons offering brokerage services

Examples of countries that have banned stock trading

Russia is far from the first country to attempt to protect its citizens in this way. There are about a dozen countries worldwide that prohibit trading contracts for difference (CFDs ). Several countries, including the United States, also ban Forex almost entirely.

The United States is most often cited as an example of a ban, but to be fair, it should be noted that this activity was not completely banned; rather, the requirements were tightened to the maximum extent.

These primarily affected leverage, minimum deposit amounts, bans on certain strategies, and, once again, contracts for difference (CFDs).

If the Russian government follows suit, it will only make forex trading more civilized and genuinely protect citizens from most risks.

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

It's hard to imagine a law in our country that couldn't be circumvented, especially if people themselves wanted to.

There are numerous ways to circumvent the ban, especially for those with some internet experience. These include various proxy servers, regularly changing brokers' domain names, and other tricks.

Furthermore, brokers themselves can take measures to protect themselves by changing the names of their services and client verification requirements.

stock market trading is still an option, and while it's more complex, it's also more interesting.