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OTKRITIE Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.open-bro..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM) to enhance the security of the company's address 28th October Street, 261, VIEW POINT building, 1st Floor, Limassol, Cyprus 3035

OTKRITIE Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
Otkritie Broker LTD
Abbreviation
OTKRITIE
Company employee
--
Customer Service Email Address
clients@otkritie-broker.com
Contact Number
+35725023870
Company address
28th October Street, 261, VIEW POINT building, 1st Floor, Limassol, Cyprus 3035
Keywords
5-10 years
Regulated in Cyprus
Market Maker (MM)
Suspicious Scope of Business
High potential risk

Company profile

OTKRITIE Review SummaryFounded2015Registered Country/RegionCyprusRegulationCySECServicesInvestment Advisory, Brokerage Services, Asset ManagementPlatformsOpen Key Platform, QUIK PlatformCustomer SupportTel: +357 25023870Email: infocyprus@otkritie-broker.comOTKRITIE Information Otkritie, registered in Cyprus, is an online trading platform regulated by CySEC. It offers Investment Advisory, Brokerage, and Asset Management services via its Open Key and QUIK platforms.Pros and ConsPros Cons Comprehensive servicesNo live chat supportRegulated by CySECIs OTKRITIE Legit? OTKRITIE holds a Market Maker (MM) license, regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, with license number 294/16.Regulated AuthorityCurrent StatusRegulated CountryLicensed EntityLicense TypeLicense No.Cyprus Securities and Exchange Commission (CySEC)RegulatedCyprusOtkritie Broker LTDMarket Maker (MM)294/16Services OTKRITIE offers comprehensive financial services, including Investment Advisory for personalized financial guidance, Brokerage Services for global market access, and Asset Management for professional portfolio oversight—all through its European brokerage platform.Rates OTKRITIE offers two different competitive rate plans: Trader rate for US market participants (charged $0.01 per share), and Investor rate for Eurobond and structured note transactions (0.24% of trade turnover).PlatformPlatformSupported Available Devices Open Key Platform✔Desktop workstationsQUIK Platform✔Desktop (QUIK ITS), Mobile (PocketQUIK)

Rating Index

How to login to OTKRITIE?
Otkritie Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide will walk you through the processes of registering, opening an account, and logging into the Otkritie platform. Whether you are a beginner or an experienced investor, this guide will provide

  

Otkritie Forex Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulatory and Compliance Information

  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:

  • Broker License: Allows the execution of trades on behalf of clients.
  • Dealer License: Permits the broker to trade on its own account.
  • Depository License: Enables the custody of clients' financial instruments.

  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.

  

3. Trading Products and Services

  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:

  • Indices: Major global indices for diversified trading opportunities.
  • Commodities: Precious metals, energy products, and agricultural goods.
  • Stocks: A wide selection of equities from both Russian and international markets.
  • Cryptocurrencies: Limited offerings in digital currencies.

  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.

  

4. Trading Platforms and Technology

  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:

  • Web-based trading: Allows clients to trade from any browser without the need for software installation.
  • Mobile applications: Available for both iOS and Android, enabling trading on the go.

  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.

  

5. Account Types and Trading Conditions

  Otkritie Broker provides several account types to cater to different trading needs, including:

  • Standard Accounts: Require a minimum deposit of ₽0 with competitive spreads and commissions.
  • Premium Accounts: Designed for high-volume traders, offering lower commissions and enhanced features.
  • Islamic Accounts: Available for clients requiring compliance with Sharia law.
  • Corporate Accounts: Tailored for business entities engaging in trading activities.

  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.

  

6. Fund Management

  Otkritie Broker supports various deposit methods, including:

  • Bank transfers
  • Credit/debit cards
  • Electronic wallets

  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.

  

7. Customer Support and Educational Resources

  Otkritie Broker provides customer support through multiple channels, including:

  • Phone support
  • Email communication
  • Social media platforms

  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:

  • Webinars: Covering various trading topics and strategies.
  • Tutorials: Available in video format for self-paced learning.
  • Market analysis services: Providing daily insights and research reports.

  Additionally, Otkritie Broker supplies trading tools such as calculators and economic calendars to assist traders in making informed decisions.

  

8. Regional Coverage and Restrictions

  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.

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OTKRITIE Forex Broker has an overall rating of 5.72, Regulatory Index 6.67, License Index 6.32, Business Index 7.92, Software Index 6.00 Risk Control Index 0.00.