December 5, 2023 04:09 AM
Overview
Costs & Margins
-
USD/RUB is currently unavailable for trading.
Why is USD/RUB unavailable to trade?
The ruble is currently unavailable to trade with FOREX.com (and many other brokerages) because of Russia’s invasion of Ukraine.
The war against Ukraine that Russia began in February 2022 prompted a slew of sanctions against Russia by major nations and groups including the US, EU, UK, Japan, Canada, and many others. These sanctions include trade bans on Russian exports and imports, as well as transactions with Russia’s central bank. The exchange of currencies, such as US dollars to Russian rubles and euros to rubles, has also been blocked.
Because of these sanctions, the value of the ruble has become disconnected between its quote inside Russia and the quote outside of Russia by foreign central banks. This disparity creates extreme volatility in ruble pairs, especially USD/RUB, increased spreads, and the risk of gapping when trading RUB with major currencies like USD and EUR.
Within a few days of Russia’s invasion, the ruble was blocked from the SWIFT network, a global system used by major banks and financial institutions to transfer money. This removal prevents Russia from making financial transactions with other countries and, along with the numerous other sanctions, has threatened to bring about the collapse of the Russian currency.
-
Margin From20.0 %
-
Trading Hours24 hours / day *
-
Min Trade Size1000
-
Long-4.71
-
Short-0.31
-
Min Stop Distance0.1 Points
-
Spreads
-
Spreads From0.109 Points
-
Margins
-
0 - 500 00020.0 %
-
500 000 - 1000 00040.0 %
-
1000 000 +100.0 %
-
Dealing
-
Spreads0.109 Points
-
Margins
-
0 - 500 00020.0 %
-
500 000 - 1000 00040.0 %
-
1000 000 +100.0 %
Latest Research
November 29, 2023 08:36 PM
November 29, 2023 11:45 AM
November 24, 2023 04:00 PM
November 21, 2023 02:15 PM
Forex explained
What is forex?
Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.
Was this answer helpful?
Why trade forex
People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.
Was this answer helpful?
How to trade forex
In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.
You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.
Was this answer helpful?
If you have more questions visit the Forex Trading FAQ section or start a Chat with our support team.
Looking to learn more about forex trading? Visit our trading academy and use our resources to become market-ready.
