LTM SV Announces Closure of Russian Asset CFDs Ahead of January 30 Deadline

Offshore forex broker LTM SV, formerly BCS Markets and affiliated with Russia's financial conglomerate BrokerCreditService, has informed clients it will cease trading contracts for difference (CFDs) on Russian assets, including stocks and indices.

The Saint Vincent and Grenadines-registered broker asked clients to close any existing positions on Russian CFDs by Friday, 30 January 2026. LTM SV stated, "As of 30 January 2026, all trading in CFDs on Russian equities and indices will be terminated. Positions can only be closed until that date. Any positions not closed will be forcibly liquidated during the trading session at prevailing market prices."

LTM SV emphasized that its CFD services are provided by a non-resident entity, LTM SV LLC, which is not subject to regulation within the Russian Federation. "LTM SV LLC providing CFD trading services operates in accordance with applicable law and does not offer services to an unlimited range of clients within Russia," the broker noted.

The announcement follows ownership changes in the broader BCS Group. In July 2025, Oleg Mikhasenko, the founder of BCS Holding, sold the company to Vitaliy Shelikhovsky, CEO of BCS Company and director of BCS Holding. The BCS brand, headquartered in Novosibirsk, was established in 1995.

The move by LTM SV to halt trading on Russian assets reflects evolving operational decisions within offshore brokers serving global retail clients, particularly amid ongoing geopolitical and regulatory considerations for Russian financial instruments.