Sberbank
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 50
- Trading platforms
Features
- Low minimum deposit
- Copy-trading tools
- Affiliate program
- Wide range of trading instruments
Pros
- Wide range of trading instruments, including stocks and indices, via eToro's platform
- Copy-trading tools let you mirror other traders' positions
Cons
- Reports of trade interventions on accounts that were consistently profitable
- High commissions deducted from withdrawals
- Trading terminal reportedly freezes often
Updated:
Sberbank, Russia's largest bank, offers forex trading through a partnership with eToro rather than through its own brokerage. eToro is a CySEC- and FCA-regulated social trading platform built around its CopyTrader tool, with a $50 minimum deposit and leverage up to 1:50. User reviews are mixed, citing withdrawal delays, high withdrawal fees, and occasional terminal issues.
Sberbank does not run its own forex brokerage — it partners with eToro, a copy-trading platform with a $50 minimum deposit and a wide range of tradable instruments.
Sberbank, Russia's largest bank, does not run its own forex brokerage. Retail clients who want to trade forex through Sberbank are routed to eToro, a Cyprus-based social trading platform, under a partnership between the two companies.
What the eToro partnership offers
eToro, founded in 2007, combines a trading platform with a social network: its OpenBook platform lets traders copy and discuss other users' trades. Key features include:
- Minimum deposit of $50 to trade independently, or $100 to use copy trading
- Leverage up to 1:50
- A demo account for practice
- Web-based OpenBook trading platform
- CopyTrader, which automatically replicates trades of chosen traders
- CopyFunds portfolio investing for deposits of $5,000 or more
- People Discovery, a search tool for filtering traders by yield, risk, and country
- Popular Investor perks, including spread discounts and waived withdrawal fees, from a $1,000 deposit
- A VIP tier from a $20,000 deposit, including a deposit bonus, dedicated account manager, and faster withdrawals
- A referral program and free educational materials
- An affiliate program
Regulation
eToro operates through eToro (Europe) Ltd., regulated by the Cyprus Securities and Exchange Commission (CySEC) under license 109/10 in line with the EU's MiFID directive. Its UK arm, eToro (UK) Ltd., is regulated by the Financial Conduct Authority (FCA) under reference number 583263.
Reported drawbacks
User reports and reviews describe several recurring issues:
- Withdrawals can take up to 8 days to process
- Withdrawal fees ranging from $5 to $25
- Terminal freezes and price slippage
- Stock quotes that reportedly diverge from other brokers
- Allegations of trade interventions on accounts that were consistently profitable
- Inconsistent customer support
eToro's dual regulation under CySEC and FCA is a genuine safeguard, but the mixed user feedback means it's worth reading independent reviews before funding an account through the Sberbank partnership.
