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Saxo Bank Warns Russians on Upcoming Nasdaq Service Termination
Abstract：Nasdaq exchange in the United States and the Nordic countries will stop offering services to customers from Russia from April 29, according to a letter sent by Danish brokerage Saxo Bank to its Russian customers.
The exchange will possibly terminate all its services in the country from April 29.
However, Nasdaq did not officially announce its suspension of Russian services.
Take Advantage of the Biggest Financial Event in London.
As reported by Russian media RBC, the brokerage company detailed that access to all the services offered by the exchange will be stopped for Russians.
Nasdaq is a major American stock exchange operator and financial market data service provider. In addition, it operates locally in Sweden, Denmark, Finland and Iceland. Despite Saxo Banks warning, the American exchange did not publicly announce any decision on Russian operations.
The Danish broker informed its clients on profile chat on Telegram that Russian residents will not have access to current or pending market data from the NASDAQ exchanges from the specified date. Russian clients with open positions will continue to receive pending quotes until they are closed.
Further, Nasdaq will not allow new subscriptions to its data services and will automatically cancel the active ones.
Impact on Saxos Services
Saxo clarified that its clients from Russia will be unable to make any transactions on Nasdaq after the exchange terminates its services for them. Clients need to contact Saxo even if they only want to close positions, and the broker will close them manually.
Saxo Bank offers trading services with foreign exchange and other popular asset classes as well. However, it is not regulated locally in Russia by the countrys central bank. The broker onboarded Russians on its international platform.
Earlier, Saxo Bank announced that it is going to terminate its services for all its clients in Russia and Belarus from June 6, 2022. That decision was taken in response to Russias invasion of Ukraine. The broker urged its clients from the two clients to close their positions by the deadline, else they will be closed automatically, and the refund will be processed on the origin of deposits.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker
Have you experienced issues with Pepperstone deposit & withdrawal processing? From your experience, do you feel that the Australia-based forex broker causes losses to its clients? Did the brokerage entity freeze your account and give you a margin call? All these trading allegations have been rampant on broker review platforms such as WikiFX. This Pepperstone review article takes a close look at the user complaints, especially in 2026. Additionally, we have given an overview of the regulatory framework under which the brokerage entity operates.
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Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy
Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
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The 6 Lowest-Commission Forex Brokers South Asian Traders Are Flocking To in 2026
If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.
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