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Trader Alert: Russian Forex Broker Goes Bust

Trader Alert: Russian Forex Broker Goes Bust

5 Years ago | June 24, 2015 00:00:00

The Russian forex broker, RVD Markets LTD announced that it is shutting down and declaring bankruptcy due to losses incurred following the Swiss National Bank pulling the plug on the EURCHF floor back in January (see below). I have no relationship with this broker and thus have no idea whether there were any warning signs although the announcement seemed to come as a surprise. This should be a wake up call to the many retail forex traders who treat all brokers in the same way.

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