Otkritie Broker, officially known as Otkritie Financial Corporation, was established in 1996. The company is headquartered in Moscow, Russia, with its primary office located at 2 Letnikovskaya Street, Building 4. Otkritie operates as a private entity and is part of the larger Otkritie Financial Group, which has gained a reputation as one of the most significant financial institutions in Russia.
The broker primarily serves the Russian market, catering to individual retail clients and institutional investors. Otkritie Broker has undergone significant transformations since its inception, including its acquisition by the Central Bank of Russia in 2017 due to financial difficulties. This intervention aimed to stabilize the bank, which was once the largest privately-owned bank in the country. Following its restructuring, Otkritie was sold to state-owned VTB Bank in December 2022.
Otkritie Broker operates primarily in the retail forex and securities trading space, providing a wide array of investment services, including trading in stocks, bonds, and various financial instruments. The company's business model focuses on facilitating trading activities for its clients while offering comprehensive brokerage services.
Otkritie Broker is regulated by the Central Bank of Russia (CBR), which oversees its operations within the Russian financial market. The broker holds several licenses, including:
The regulatory license numbers are not explicitly stated in the available sources, but Otkritie Broker is fully compliant with Russian laws regarding financial services.
The broker adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that client funds are kept in segregated accounts to protect against misuse. Otkritie Broker also participates in the investor compensation fund, which provides additional security for clients' investments in case of broker insolvency.
Otkritie Broker offers a diverse range of trading products to its clients. In the forex market, it provides access to a variety of currency pairs, including major, minor, and exotic pairs. The broker lists several CFD products, which include:
The broker frequently updates its product offerings based on market demand, ensuring clients have access to the latest trading instruments. Otkritie Broker also provides retail trading services tailored to individual clients and institutional services for larger investors, including white-label solutions and asset management services.
Otkritie Broker supports the MetaTrader 5 (MT5) trading platform, allowing clients to engage in forex and CFD trading with advanced charting tools and automated trading options. The broker also offers a proprietary trading platform called QUIK, which is designed for professional traders and institutional clients.
The broker's platforms are accessible via:
Otkritie Broker operates under a Market Making execution model, which allows it to manage liquidity effectively. The broker's servers are strategically located to ensure fast execution speeds, and they support API integration for automated trading solutions.
Otkritie Broker provides several account types to cater to different trading needs, including:
The leverage ratio varies by account type, with a maximum leverage of 1:10. The minimum trade size is 0.01 lots, allowing flexibility for both novice and experienced traders. Otkritie Broker also has specific overnight fees for holding positions beyond trading hours.
Otkritie Broker supports various deposit methods, including:
There are no minimum deposit requirements for most account types, making it accessible for new traders. The deposit processing time is typically instant, while withdrawal requests are processed within 1-3 business days, depending on the method chosen.
Withdrawal methods include bank transfers and card withdrawals, with fees varying based on the chosen method. The broker has a transparent fee structure, ensuring clients are aware of any costs associated with their accounts.
Otkritie Broker provides customer support through multiple channels, including:
The support team operates during standard business hours in Moscow, offering assistance in Russian and English.
The broker also offers a range of educational resources, including:
Additionally, Otkritie Broker supplies trading tools such as calculators and economic calendars to assist traders in making informed decisions.
Otkritie Broker primarily serves clients in Russia and surrounding regions. The broker has several regional offices, ensuring localized support for its clients. However, it does not accept clients from certain countries due to regulatory restrictions, including the United States and other jurisdictions under international sanctions.
The brokers services are tailored to meet the needs of Russian traders, making it a suitable choice for those looking to engage in the local financial markets.
In conclusion, Otkritie Broker presents a comprehensive brokerage solution for both retail and institutional clients, backed by a robust regulatory framework and a wide range of trading products. The broker's commitment to compliance and client security enhances its reputation in the competitive landscape of financial services.