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Rating Index

Pros

Reliable partner backed by VTB Bank, a state-owned financial institution with a strong reputation.

Wide range of trading instruments and access to multiple markets, including forex, bonds, and European securities.

Competitive commission rates and no withdrawal fees, making it cost-effective for traders.

Cons

Regulatory concerns, as the broker is considered to have a suspicious license and is not regulated by a major authority.

Limited trading options for US assets due to sanctions, restricting some potential trading opportunities.

Technical issues reported with the trading platform, which may affect user experience and trade execution.

VTB broker Accounts

VTB Forex Account Types

VTB Forex offers a single type of live trading account, which comes with competitive trading conditions and comprehensive services. The key features of the VTB Forex account include:

Minimum Deposit: No minimum deposit requirement.
Maximum Leverage: Up to 1:40.
Spreads: Floating spreads starting from 0.3 pips.
Trading Platform: MetaTrader 5 (MT5).
Trading Instruments: Access to 24 currency pairs.
Demo Account: Available for practice without risk.

Additionally, VTB Forex does not offer Islamic accounts, and the minimum transaction size is 0.1 lots (10,000 units of the base currency).

VTB Forex Broker Account Opening Process

To open an account with VTB Forex, follow these steps:

Visit the Website: Go to the official VTB Forex website.
Open an Account: Click on the “Open an Account” button.
Fill in the Application: Provide personal information, contact details, and financial information.
Choose Account Type: Select the standard live account type.
Upload Required Documents: Submit a copy of your passport and proof of residence (utility bill or bank statement).
Deposit Funds: Fund your account using bank transfer, credit/debit card, or e-wallets.
Start Trading: Once your account is funded, you can begin trading on the VTB Forex trading platform.