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VTB24

Published: Updated:

Trust score
2/10
Legal simplicity
3/10
Min. deposit
0
Trading platforms
Regulations
Payment systems
Instruments
Forex, Stocks, Indices, Commodities, Metals, Bonds, Futures
Legal entity
VTB Bank (PJSC)
Jurisdiction
Russia
Fees
Brokerage services are priced through per-order commission and account maintenance charges under Russian domestic tariffs.
Withdrawals
Withdrawals are made to accounts within the Russian banking system. Cross-border transfers are subject to sanctions restrictions and capital controls.
Available in

Features

  • Seminars and training through the VTB Broker Trading School
  • Daily analyst insights on major instruments
  • No minimum deposit

Pros

  • No meaningful advantages identified for traders.

Cons

  • Trading conditions are restrictive overall.
  • Maximum leverage is capped at 1:50.

VTB24 Forex is the online-trading unit of VTB24, one of Russia's largest banks. It is licensed by the Central Bank of the Russian Federation and belongs to the self-regulatory organizations NAFD and AFD. The broker offers currency trading on MT5 with no minimum deposit, a 0.5-lot minimum order size, and leverage capped at 1:50. New client registration is currently closed under Russian regulatory requirements, and the broker does not offer CFDs or MT4.

VTB24 Forex is the online-trading division of Russian bank VTB24, offering MT5 currency trading with no minimum deposit and leverage capped at 1:50.

Overview

VTB24 Forex is the online-trading division of VTB24, one of Russia's largest banks, which also provides deposits, loans, and other banking services to individuals and businesses.

Regulation and Licensing

  • Licensed by the Central Bank of the Russian Federation (license No. 045-13993-020000).
  • Member of the self-regulatory organizations NAFD (National Forex Dealers) and AFD (Association of Forex Dealers), which allows it to operate as a Forex dealer within Russia.

Trading Conditions

  • No minimum deposit.
  • Minimum order size of 0.5 lot.
  • Maximum leverage of 1:50.
  • Trading platform is MT5 only; MT4 is not supported.
  • Daily analyst insights and free training through the VTB Broker Trading School.
  • Multilingual technical support.

Advantages

  1. Official licensing supports a more secure trading environment.
  2. Client funds are kept protected.
  3. Trades are executed through PJSC VTB24 as the liquidity provider, giving access to the interbank market.
  4. No commission on account funding or withdrawals.
  5. Access to the FORTS and MICEX stock markets for accounts with a deposit of 100,000 rubles.

Drawbacks

  1. Narrow range of tradable instruments.
  2. No CFD trading.
  3. MT4 is not supported.
  4. Low leverage and a large minimum lot size make it less suitable for traders with limited capital.
  5. Registration requires an in-person visit to a VTB24 office with identification.
  6. New client registration is currently suspended under Russian legislative requirements.

Outlook

VTB24 Forex has been licensed by the CBR since 2016 and operates within Russia's tightening Forex regulations, including lower leverage limits, a narrower instrument range, and higher minimum deposit and lot-size requirements. These rules may professionalize the market over time but make the broker harder to access for beginners, particularly while new registrations remain closed.

Trading conditions

VTB is one of Russia's largest banks and offers brokerage services to domestic clients under Bank of Russia supervision, covering securities, futures and currency instruments on the Moscow Exchange.

Sanctions. VTB has been subject to comprehensive blocking sanctions by the United States, the European Union, the United Kingdom and other jurisdictions since 2022, including removal from SWIFT. It is not available to clients outside Russia, cross-border payments do not function, and residents of sanctioning jurisdictions are generally prohibited from dealing with it.

This entry exists for completeness of the reference. ProForexBrokers.com does not present it as an option for international readers.

Verification

Account opening is available to Russian residents through the bank's domestic channels and requires Russian identity documentation and tax registration.

For readers outside Russia: the institution is under blocking sanctions in the major Western jurisdictions, no account can be opened, and attempting to transact with a sanctioned entity carries legal exposure for the individual as well as for any intermediary bank.

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VTB24

2.0 / 10

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Frequently asked questions about VTB brokerage

  • Can I open a VTB brokerage account from outside Russia?

    No. VTB has been under comprehensive blocking sanctions from the United States, European Union, United Kingdom and other jurisdictions since 2022 and was removed from SWIFT. Cross-border payments do not function.

  • Who regulates VTB?

    The Bank of Russia supervises it as a credit institution and professional securities market participant. That supervision has no bearing on access for clients outside Russia, which is determined by sanctions.

  • What can be traded at VTB?

    Securities, futures and currency instruments on the Moscow Exchange through the QUIK terminal and MetaTrader 5, for domestic clients.

  • Why is VTB listed here?

    For completeness of the reference. It is not presented as an option for international readers, and nothing here should be read as a recommendation to attempt to use it.

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