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Pros

Cooperation with a reputable state bank, enhancing trust and reliability.
Wide range of trading instruments, including forex, bonds, and metals.
Competitive trading fees with no inactivity fees, making it accessible for various traders.

Cons

Unregulated status, raising concerns about oversight and investor protection.
Limited availability for trading US assets due to sanctions against the parent company.
Technical issues have been reported with trading platforms, affecting user experience.

VTB Bank broker Accounts

VTB Bank Account Types

VTB Bank offers several types of trading accounts to cater to different trading preferences and strategies. The main account types include:

  • Standard Account:
    • Leverage: Up to 1:100
    • Spread: Starting from 1 pip
    • Commission: RUB 10 per lot
    • Minimum Deposit: RUB 10,000
    • Pro Account:
      • Leverage: Up to 1:200
      • Spread: Starting from 0.5 pip
      • Commission: RUB 5 per lot
      • Minimum Deposit: RUB 100,000
      • VIP Account:
        • Leverage: Up to 1:300
        • Spread: Starting from 0.3 pip
        • Commission: RUB 3 per lot
        • Minimum Deposit: RUB 1,000,000

        These accounts provide traders with varying levels of leverage, spreads, and commissions, allowing them to choose an account that best fits their trading style and capital.

        VTB Bank Broker Account Opening Process

        Opening an account with VTB Bank is a straightforward process that involves the following steps:

        • Visit the Official Website: Go to the VTB Bank website to start the account registration.

        • Click on "Sign Up" or "Open Account": Look for the account opening button on the homepage.

        • Provide Personal Information: Fill in the required personal details, including your full name, date of birth, contact information, and sometimes your tax identification number.

        • Choose Account Type: Select the type of account you wish to open (Standard, Pro, or VIP).

        • Complete Verification: Upload identification documents such as a passport or driver's license for identity verification.

        • Initial Deposit: Fund your new account with the specified minimum deposit amount. This can be done through various methods, including bank transfers and credit/debit cards.

        • Start Trading: Once your account is verified and funded, you can begin trading on the VTB Bank platform.

        • The entire process is designed to be user-friendly, ensuring that traders can quickly set up their accounts and start trading.

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