VTB24

Bank VTB24 - this is one of the largest Russian banks, providing the service of receiving deposits, issuing loans and the implementation of other banking operations for individuals and legal entities. Recently, Bank VTB24 through its subsidiary company "VTB 24 Forex" began to offer its customers Internet-trading services. Unlike many dealing centers, registered in an offshore zone, VTB24 broker is licensed by the Central Bank of the Russian Federation № 045-13993-020000, as well as part of the independent self-regulatory organizations NAFD ( "National Forex dealers") and AFD ( "Association of Forex dealers "), which gives him the right to officially licensed activities in the territory of Russia as a Forex dealer.

Trading conditions Forex broker VTB

• Currency trading in Forex;
• No minimum deposit;
• The minimum amount of the order of 0.5 lot;
• Maximum Leverage 1:50;
• Trading MT5 platform;
• Daily analyst on major trading instruments;
• Free Forex training from VTB Broker Trading School;
• Multilingual technical support.

Advantages VTB 24 broker

• Official licensed broker VTB forex from the banking sector;
• Cash protection of customers;
• Conclusion of transactions in the interbank market (mainly liquidity provider is a bank PJSC "VTB 24");
• No commissions on account replenishment and withdrawal of funds;
• Access to trading on FORTS MICEX stock markets and for customers with a deposit of 100 thousand rubles.

Disadvantages of VTB24

• Limited choice of financial instruments for trading;
• Lack of CFD-contracts;
• Not supported popular trading platform MT4;
• The low level of leverage and a large minimum lot size, which can be disadvantageous for beginners with a small deposit;
• Registration of clients is carried out only in the offices of the bank VTB24 with compulsory identification;
• At the moment, registration of clients is not made, because under the current legislation does not satisfy all the conditions for the implementation of the official activities of Forex dealer in Russia, and it is not developed basic standards and the shape of the framework agreement in the SRO.

Conclusions

Thus, Ltd. "VTB24 Forex" - is one of the few Russian brokers, licensed CBR in 2016. Now comes the process of adaptation of Forex market participants in Russia's recently enacted law, so we can not say exactly when it will be completed, and will provide high-quality and transparent services. But now we can assume that will happen a sharp tightening of trade conditions and requirements for traders and investors: a low threshold of leverage, lack of most conventional trading instruments, including CFD-contracts and precious metals, increase the requirements to the size of the minimum deposit and the volume of trading lot, cancel PAMM-accounts and services of copying transactions, mandatory certification for traders and investors, and more. On the one hand, the Forex market in Russia will become more professional, but on the other hand, he would alienate beginners. Therefore, we recommend you look to other brokers in our ranking, which, although they are located in an offshore zone, but are actively working with Russian traders, as well as provide favorable trading conditions. Leave feedback VTB 24 Forex and share your impressions about this broker.