VTB24
- Trust score
- 2/10
- Legal simplicity
- 3/10
- Min. deposit
- 0
- Trading platforms
- Payment systems
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.
Updated:
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
- Official licensing supports a more secure trading environment.
- Client funds are kept protected.
- Trades are executed through PJSC VTB24 as the liquidity provider, giving access to the interbank market.
- No commission on account funding or withdrawals.
- Access to the FORTS and MICEX stock markets for accounts with a deposit of 100,000 rubles.
Drawbacks
- Narrow range of tradable instruments.
- No CFD trading.
- MT4 is not supported.
- Low leverage and a large minimum lot size make it less suitable for traders with limited capital.
- Registration requires an in-person visit to a VTB24 office with identification.
- 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.
