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Pros

Well-regulated by CySEC, providing a level of trust and security for clients.
Wide selection of trading instruments, including forex, CFDs, commodities, and indices.
No minimum deposit requirement, making it accessible for traders of all levels.

Cons

High commissions compared to some other brokers, which can be a disadvantage for smaller traders.
Customer support has been criticized for being unresponsive and lacking financial literacy.
The account opening process can be cumbersome, requiring in-person visits to offices, which may not be conveniently located for all clients.

OTKRITIE broker Accounts

Otkritie Broker Account Types

Otkritie Broker offers several account types tailored to different investment needs and strategies. The main account types include:

  • All-Inclusive Account:
    • Monthly Fee: 0%
    • Transaction Commission: 0.05% for stocks and bonds, 0.15% for Eurobonds.
    • Ideal for beginners and long-term investors due to its low fees and absence of monthly charges.
    • Investment Account:
      • Monthly Fee: 0%
      • Designed for investors with assets up to 5 million rubles.
      • Offers reduced commissions for transactions over 130,000 rubles.
      • Premium Account:
        • Monthly Fee: 150 rubles.
        • For clients with assets exceeding 5 million rubles.
        • Commissions range from 0.005% to 0.05% per transaction.
        • Speculative Account:
          • Monthly Fee: 250 rubles.
          • Tailored for active traders making transactions of 500,000 rubles or more daily.
          • Commissions range from 0.012% to 0.043% per transaction.

          Otkritie Broker Account Opening Process

          Opening an account with Otkritie Broker is a straightforward process that can be completed remotely. Here are the steps to create your account:

          • Visit the Official Website: Go to the Otkritie Broker website.
          • Select 'Open an Account': Click on the "Open an Account" button on the homepage.
          • Fill Out Personal Information: Complete the online form with the required personal data, including uploading a photo of your passport.
          • Choose an Account Type: Select the account type that best suits your investment strategy.
          • Make a Deposit: Fund your account to start investing. There is no minimum deposit required.
          • Access Your Personal Account: After account creation, log in using your chosen credentials to manage your investments.
          • This process is designed to be user-friendly, allowing both beginners and experienced investors to set up their accounts with ease.

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OTKRITIE accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
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