Forex.com has become the first foreign exchange (FX) broker to offer spread betting services to the Russian market.
According to Leaprate.com website, Forex.com’s DealBook multi-asset spread betting platform is now available to traders in Russia.
DealBook offers spread betting on more than 3,200 instruments including equities, commodities, indices, popular and exotic currency pairs.
The PC and web versions of the DealBook platform are also available in Russian language to help traders in the country explore the option of spread betting.
While the UK classes spread betting as gambling, it currently has no status assigned to it by regulators in Russia.
The current version of the Russian FX bill does not include specifications or classifications of sub-activities of online trading.
However, it is possible that additional details will appear in the amended version of the bill, which is set to have its second reading at the Russian parliament this autumn.
source : www.igamingbusiness.com