We choose the best broker on the Russian market. The most reliable brokers of the Russian stock market Rating of stock brokers

Who are brokers? We see them in Hollywood films, ambitious and daring, easily concluding lucrative deals and getting rich before our eyes. But we meet brokers not only in movies. This is a very real profession, which consists of mediation between seller and buyer. And since we are interested in transactions on exchanges, we will talk about stock brokers.

Stock broker working on the stock market on behalf and at the expense of private clients and companies. He helps them buy profitably and then It’s even more profitable to resell assets And make money on the difference. Of course, not for free: brokers work for a commission.

If you are a novice investor and have decided to open your first account on the exchange, for a successful start you need to find stable and reliable investment broker.

You need a partner who will help you navigate the flow of information, understand how the market works and what points to pay special attention to.

There are many people on the market now who provide brokerage services. But the choice of honest brokers, focused not on their own benefit, but on the profit of clients, not so wide. And since the geographical factor further narrows this choice, the ability to open an account online is key for residents of small remote cities.
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It is impossible to say for sure which broker is the best. The top 10 best brokers for trading on the Moscow Exchange (MICEX) are compiled based on many criteria. Thus, there is an independent rating of brokers based on the number of clients. As of January 2018, the first place in the list was taken by the VTB broker, which had 275 thousand clients.

You need to choose an intermediary for purchasing shares and other exchange-traded assets based on your individual requirements.

We will tell you in our review which broker to choose and how to find the best conditions currently existing on the market and will dwell in detail on the rating of the most reliable intermediaries for profitable stock exchange transactions.

TOP 10 reliable brokers

Broker ratings are a visual and convenient tool necessary for choosing a reliable exchange platform. TOP best brokers is formed on the basis of a comprehensive assessment of the service: year of foundation, license, terms of cooperation, user ratings, reliability, reviews, etc. Comparing brokers is necessary to objectively reflect their activities and enable users to choose the best one.

#	Broker	Year of foundation	License	head office	Link
1		2000	Central Bank, NAFD	Moscow
2		2006	FSA	Dublin
3		2011	MFSA	Malta
4		2009	ASIC, CySEC	London
5		2015	LLP	England
6		1997	CySEC, Central Bank	Cyprus
7		1997	FCA, CFTC	Chicago
8		1995	FCSM of the Russian Federation	Moscow
9		2004	FINMA	Geneva
10		2010	ASIC	Australia

Rating of the best brokers in Russia

Companies specializing in providing brokerage services in the Russian Federation offer clients different trading conditions. To choose the best, you need to analyze many characteristics, ranging from the broker’s overall trading turnover to reviews and ratings from real users.

We present a list of major brokers on the Russian market in 2020 with the best trading conditions.

TOP 10 best brokers in Russia and trading conditions:

#	Broker	Min amount to open an account	Commissions and tariffs	Turnover, billion rubles/month
1		30,000 rub.	0.0354% of the turnover of the transaction amount + 177 rubles/month for account maintenance	RUB 548.7 billion
2		10 thousand EUR	0.01% – 0.1%	RUB 1,980.6 billion
3	VTB 24	100 thousand rubles (recommended)	0.0413% + 150 rub/month for depository services	RUB 261.4 billion
4	BCS Broker	50 thousand rubles	0,1%	RUB 1,591 billion
5	Sberbank	No	0.165% (up to 50 thousand rubles), 0.125% (50-500 thousand rubles), 0.075% (500 thousand rubles – 1 million rubles) + 149 rubles/month for depositary services	RUB 429.4 billion
6	Broker OPENING	50 thousand rubles (recommended)	0.057% Moscow, 0.03% St. Petersburg Exchange + annually 0.01% for depository services	RUB 1,780 billion
7	Aton LLC”	50 thousand rubles	0.002-0.17% (per transaction through a trade organizer); 0.12-0.35% (over-the-counter transactions)	RUB 2.22 trillion
8	ALOR BROKER	10 thousand rubles	0,03% – 0,045%	RUB 26.3 billion
9	KIT Finance Broker	10 thousand rubles	Transactions on the stock market: 0.048% up to 1 million rubles, 0.032% from 1 to 7.5 million rubles, 0.025% over 7.5 million rubles; Transactions on the over-the-counter market: 0.02-0.1%	RUB 1.018 billion
10	Alfa-Direct	10 thousand rubles	0,02%-0,05%	RUB 29.2 billion

A valuable criterion when choosing a good broker for financial transactions on the stock market is, of course, commission amount, which the user pays for intermediary services. I would like to cooperate with a reliable and proven company that provides the latest developments in online trading and charges a minimum commission for its services.

The larger the amount of shares purchased, the lower the broker's commission.

When comparing tariffs from different brokers, you need to determine:

• What total commission will you pay to the broker? Depends on the volume of your investments and how actively you will make transactions: more and more often → the commission will be lower;
• Is there fixed part of the commission(subscription fee), or the commission is withheld only upon completion of the transaction;
• Will you use margin lending;
• What are the conditions for providing depository services: the depository commission is included in the general commission of the broker or is withheld separately;
• Under what conditions is it provided? trading terminal and information support.

TOP 10 brokers with the most favorable commission conditions are shown in the table:

#	Broker	Transaction fees	Additional commission
1		0,01% – 0,1%	Fee for inactivity over the last six months (181 consecutive days)
2		0,01% – 0,1%	An inactive account will be charged a monthly fee of $5 or the entire account balance if the balance is less than $5
3		0,01% – 0,1%	–
4		0,01%	–
5		0,01% – 0,15%	–
6		0.0354% of the turnover of the transaction amount	177 RUB/month for account maintenance
7		0,01% – 0,15%	–
8		Moscow Exchange 0.057% St. Petersburg Exchange 0.03%	Annually 0.01% for depository services
9		0,01% – 0,15%	–
10		Depending on the list of Dukascopy Bank SA services used by the client, different commissions may apply	An inactivity fee of 1% of each Bitcoin deposit is automatically charged weekly starting in the second week

Rating of brokers by turnover

A large number of clients indicates a high level of trust in the broker, which directly affects trading volumes and indicates the reliability of the service.

The more active traders there are, the higher the turnover and the higher the position of the broker in the overall rating.

The level of reliability towards large brokers on the part of users is also higher than towards sites with small daily turnovers.

You have decided to open your first account on the stock exchange and now you are faced with the task of choosing the right broker. Which intermediary you choose will determine how your investment ship will sail. Therefore, before investing money, it is worth paying due attention to the issue How to find a good broker?

There are several basic criteria that a good broker should have. The reliability of a financial organization providing brokerage services is primarily based on high trading turnover, number of clients and duration of existence on the stock market. These are the basic but most important parameters that appear in all manuals “ How to Find a Good Stock Market Broker”.

However, in addition to these basic requirements, there are more subjective parameters. So, for one user it is important to get access to foreign stocks and bonds, while the second one pays primary attention to commissions and tariffs.

Which broker is best for you depends on your experience with exchange assets and the goals you are pursuing.

There are 3 types of market participants: beginners, active traders and investors.

1. FOR BEGINNERS who have not yet formed their own strategy of behavior, come to the fore qualifications and professionalism of personnel, capable of providing competent and quick assistance at the stage of getting to know the market.
2. For ACTIVE TRADERS, which include medium-term and short-term traders, the main criterion when choosing the best broker is low active commission, that is, the commission that is taken from the turnover of transactions, low cost of margin lending, as well as various tools focused on speculative work.
3. For INVESTORS, the priority indicators are no fixed commissions, access to the maximum number of exchange platforms and financial instruments, as well as the possibility prompt transfers.

So, when choosing a broker 2020, we pay attention to the main 9 criteria:

1. Availability current license to carry out brokerage and dealer activities in the stock market. The lack of a license indicates that the broker operates outside the legal framework;
2. Leading position On the market. A reliable broker is distinguished by the scale of its activities. The more clients a broker has, the greater the trading turnover on the exchange passes through him, thus allowing him to have the status of a large and strong market participant. In addition to large trading volumes, it is correct to pay attention to the period of operation of the broker company and its unblemished history and reputation.
3. Minimum starting amount is especially important for beginners operating with small amounts. Some brokers specifically create high thresholds for entering the market in order to work only with large clients. And novice investors are interested in the opportunity to open an account with a small amount of money and pay a minimum commission for servicing the account;
4. Opening an account online is a critical parameter for users from remote regions, for whom the possibilities of cooperation with reliable brokers are geographically limited.
5. Qualified staff and prompt support service are especially important for novice investors in the first stages of market development. During the work, technical issues may arise that require competent assistance and quick solutions.
6. Availability of Quik program and mobile application. Quik is a universal program for working with a broker, which has a wide range of capabilities and is widely used in Russia and the CIS countries. Having studied it, the user will be able to work with any broker, and having decided to change the intermediary, begin cooperation without the need to study a specialized program. The presence of a mobile application at the broker expands the capabilities of clients and allows them to manage their accounts directly from their smartphone.
7. Access to foreign shares and Eurobonds, which is now gaining increasing popularity, allows you to enter promising foreign markets without additional costs and the absence of high starting thresholds.
8. As we have already noted, brokers work for Commission remuneration and have their own tariff policy, on the basis of which they charge a certain fee for their services. When choosing a broker, you should consider not only the total commission size (broker + depository commission), but also pay attention to threshold commissions and monthly account maintenance fees, which may not be noticeable for an investor with millions of capital, but significant for a user with a small investment account.
9. A criterion such as cost of margin lending, is more interesting for experienced market participants who actively use brokerage leverage during the trading process, thus having access to larger amounts than in their account. But since transactions with borrowed funds are high-risk, novice investors should treat them with great caution.

Forex brokers are companies specializing in providing intermediary services in the international foreign exchange market. Individuals cannot directly participate in trading on the currency exchange, so transactions are performed through licensed Forex brokers or dealing centers (DCs), whose activities are regulated by government agencies and public organizations.

Brokerage companies operate according to two main models:

"Kitchen"

These are dealing centers or market makers who make money mainly not from spreads, but from client deposits. “Kitchens” do not transfer traders’ money to the interbank foreign exchange market, but leave it within the company. It must be said that responsible brokers never act this way. The “kitchens” do not benefit from the trader’s profitable trading and do their best to eliminate successful investors from the company. “Unsportsmanlike” methods are used, such as deteriorating order execution, substituting market quotes, delaying the withdrawal of funds or refusing payment.

Brokers and banks

Brokers differ from dealing centers in that transactions are immediately routed through liquidity providers to the interbank market, which includes investment funds, banks and large brokers. A trader benefits from cooperation with a broker because:

• orders are executed without requotes and at high speed;
• when slipping, losses and profits are equally possible;
• the trader gets the best price with a minimum spread;
• complete anonymity during trading operations is guaranteed;
• the trader has the opportunity to monitor his own and other people’s orders in the order book.

The broker is interested in the successful play of traders, since he acts only as an intermediary between the investor and the liquidity provider. Profit does not become a loss for the broker, so the money earned is withdrawn without delay. Moreover, the broker’s earnings depend on the number of trader’s transactions, regardless of the success of trading operations. Brokerage companies with a banking license are especially reliable, although they are more demanding in terms of the minimum deposit size and withdrawal methods.

Main functions of a Forex broker

The main function of a Forex broker is to help the trader obtain maximum profit.

Other important broker functions:

• Concluding Forex transactions as a commission agent or client's attorney.
• Providing the client with comprehensive information on transactions, which is especially important regarding risks. Brokers are well versed in the “undercurrents” in the foreign exchange market and are able to identify hidden risks that are invisible to the average investor.
• Maintaining client financial documentation in accordance with current legislation and the requirements of the Federal Service for Financial Markets.
• Bringing information to the client about transactions with securities, as required by current legislation.
• At the client's direction, the broker evaluates the prospects or futility of certain transactions.

The listed useful functions of Forex brokers attract investors to cooperate with them.

How to choose a reliable broker

To avoid a situation where the dealing center refuses to pay you the money you have earned, you must carefully choose a broker. Our rating of brokerage companies will help you determine the right broker.

When choosing a broker, consider the following factors:

• Date of foundation of the company, history and duration of its successful work on Forex.
• Place of registration of the company, address of its main office and branches.
• Regulator of the company.
• Opportunity to communicate with the administration.
• Availability and level of licenses.
• Trading conditions.

Brokerage companies may have different trading conditions, but, in any case, the main criterion when choosing should be the speed of order execution and the minimum spread. To ensure these conditions, brokers use advanced technologies for providing services.

The trading “philosophy” of a brokerage company is always individual, and this allows the trader to choose an effective intermediary. When planning to trade positionally (holding trades open for a long time), you can choose any reputable broker with a large turnover and active traders.

Most new traders prefer to trade at least one trade every day. In this case, you need to pay attention to the commissions that the broker is entitled to - with a large commission, cooperation may be unprofitable. Brokers with fixed spreads often add inflated percentages to quotes, which also makes the trader's trading ineffective and sometimes unprofitable.

When to choose an ECN broker

An attractive feature of the ECN broker is real interbank quotes without markups. The broker typically charges $15-25 per 1 million trade turnover, with commissions decreasing as turnover increases. An ECN broker is not interested in traders' losses, so cooperation with him is obviously more profitable than with a dealing center. However, a professional ECN broker has real market conditions with spread widening, slippage, etc.:

• When breaking news comes out on the market.
• During the opening of the trading week on Monday night.
• When the market closes on Friday.

Professional traders with serious trading turnover choose it as one of the best on the market. With this broker you can trade quickly, with low spreads and minimal costs. Beginning traders may well start trading at a dealing center in order to learn how to make money under softer conditions.

Criteria for choosing the best Forex broker

When choosing a Forex broker, you need to consider the following significant factors:

1. Age of the company

Stable companies have held positions in the foreign exchange market for quite a long time. Such brokers are trustworthy, they always have followers and a good reputation.

2. Location and number of branches

You should pay attention to whether the company has opened a single office in Cyprus or whether its branches operate in different parts of the world.

3. Financial turnover and number of clients

The more active clients a company has, the more trust it enjoys. Reliable brokers have high incomes and a stable position in the market.

4. Who is the brokerage company regulated by?

Brokerage companies are usually regulated by NFA (USA), FSA (UK), KROUFR (Russia), etc. The trader must have confidence that he can turn to external independent authorities (court, arbitration).

5. Reputation of the brokerage company

This criterion is difficult to evaluate. You can judge a broker's reputation by reviews from traders. A good indicator is a large number of reviews, both positive and negative. The presence of exclusively positive reviews should alert you, but their complete absence indicates that no one is interested in the company.

6. Client agreement

First of all, read the contract carefully. The text must clearly state the terms of cooperation between the broker and the trader, the procedure for executing and accepting the results of transactions. Familiarize yourself with the regulations governing transactions in the foreign exchange market. Sometimes brokers specify in the contract conditions for canceling the results of the transaction, upon execution of which the profit may not be paid at all.

7. Broker's trading conditions

In trading conditions, you should pay attention to the following points:

• Ability to select currency pairs and trading instruments.
• Commission terms: spread (floating or fixed), turnover commission. You should be wary of the spread, the value of which is significantly lower than that of competitors.
• You must understand from what source the broker receives information about currency quotes. Does the broker generate quotes independently, take them on the interbank market, and who supplies liquidity?
• Consider the possibility of “slippage” when closing trades. How is this problem solved?
• You must have a guarantee that your orders will be executed in a timely manner.
• The adjustment of open positions when depositing/withdrawing funds must be taken into account.
• With a Forex broker, pay attention to the user-friendly terminal interface, available technical support, constant connection with the server, secure exchange of information, and the ability to work on a demo account.

Forex broker ratings and traders' reviews

The popularity of Forex is increasing every year, and along with this, more and more intermediaries are appearing offering their services. Russian and foreign brokerage companies declare specific trading conditions. A rating of Forex brokers was created for beginners and professional traders. The purpose of the rating is to analyze and select the best brokers, dealing centers and trading platforms for trading in Russia, Ukraine, Europe, Asia or the USA. Every day, based on the results of voting by site visitors, an analysis of the popularity of brokers is compiled.

BBF is an independent rating of Forex brokers and dealing centers (DCs). Our rating contains only reliable data. Visitors to the rating can cast their vote for the best broker, and they can vote only once a day, which allows them to receive objective assessments to form the top. By clicking on the name of the broker, you can learn more about trading conditions, platforms, methods of depositing and withdrawing funds, etc. Anyone who visits the rating can easily leave a review about the broker. We also publish reviews from professionals about the work of Forex brokers. You will be able to get acquainted with detailed information about the company you are interested in.

For beginners, we recommend choosing brokers from the top of the rating, as there are companies that have been working successfully in the foreign exchange market for a long time. These Forex brokers value their reputation, are attentive to each trader, and you do not risk getting into the “kitchen”. Using the filter, you can sort brokers by spread size, trading platforms and payment systems used, as well as by minimum position size and deposit size.

Convenient sorting of brokers

Traders' approach to choosing a broker may be different. Some people focus on the size of the spread, others look for a broker for scalping or choose based on the principle of calculating swaps. Beginner traders pay attention to the size of the minimum deposit, while professionals are looking for favorable trading conditions, ECN accounts, the convenience of the trading platform and the ability to work with many financial instruments. To simplify your search, we have made a list of brokers sorted by category. In each category there are TOP brokers recommended for Forex trading.

Review and comparison of brokers

In addition to the main rating, you can read a brief overview of each broker. You will receive information about the company's branches and representative offices with addresses and telephone numbers, year of foundation, regulator, trading platforms and payment systems, account currency and method of contacting support. The convenience of this service is that traders do not need to go to each broker’s website to find the information they need. After comparing the advantages of brokers, you can go to the company’s official website using the link to learn more about trading conditions. Using our rating, you can quickly choose a broker that best suits your needs and trading strategy. Brokers who have not passed the test for honesty and integrity in trading are posted in the "" section.

Risks and liability

The site administration is not responsible for inaccuracies in these companies and for the content of reviews. We are also not responsible for your possible profits or losses. The information is for informational purposes only, and you can find out more details directly on the website of the broker you have chosen. A novice trader must be aware that trading on the currency exchange involves all of his money. Even an ideal broker does not guarantee that unforeseen situations will arise when trading online.

From the article you will learn about stock market brokers. What do they do, how and what do they earn from. How much do they get? Let's look at the main difference between brokers on the Forex currency market and exchange brokers. How much money do you need to start trading and what to pay attention to. Why do brokers recommend trading more often and is this right?

So, let's go!

Who are stock brokers?

If you don’t go into boring definitions, then in simple words, a broker is an intermediary who allows you to make transactions for the purchase and sale of securities on the stock market.

How does this happen?

Only professional market participants can make transactions directly on the exchange. Having the appropriate licenses. Regular individuals (and legal entities) are not allowed to enter.

To gain access to the stock market, you need to enter into a service agreement with a broker. Deposit money into the account. And you can start trading. That is, buy stocks, bonds, currency, and so on.

The transaction scheme is as follows.

1. You submit a purchase order, for example, I want to buy 100 shares of Gazprom.
2. The broker checks whether there are sufficient funds in your account for the purchase.
3. If everything is fine, the application is submitted to the exchange.
4. The exchange connects you with a seller who has the required number of shares for sale at the best price.
5. The transaction is completed and the exchange transmits the information to the broker.
6. The broker records the fact of purchase in your account (debits money, credits shares).
7. In your portfolio you see the shares you purchased.

All these actions happen literally in a split second. The reverse situation (selling) looks similar.

How do brokers make money?

Considering that the broker is the liaison between you and the exchange, he charges commissions for his intermediation.

For each transaction on the stock exchange, a small percentage is taken from clients. Of course, “percent” is a strong word. Usually we are talking about a reward of tenths and even hundredths of a percent of the transaction amount.

For example, a client purchased shares for 100 thousand rubles. The standard average broker commission is 0.05%. Total 50 rubles.

To people who are far from the stock market, this size of commissions will probably seem completely unrealistic. Everyone is accustomed to the fact that intermediaries in other areas charge much more - 5-10 and even 20%.

How can a broker make money by charging such “ridiculous” percentage points?

The main profit comes from turnover. Imagine that a broker has several hundred thousand clients. And everyone makes several transactions a month. There are clients who make tens or hundreds of transactions in just one day.

And with each such operation, the broker receives a small penny. Considering that the output of transactions to the exchange is automated, the broker can only maintain the functionality of the servers.

The second way brokers make money is through additional services.

How much do brokerage services cost?

As already mentioned, a broker makes money through intermediary services. Charges a certain amount per transaction. It doesn't matter which one. Buying or selling. And it doesn’t matter why. Stocks, bonds, ETFs, currencies, futures or options.

If we take the stock market (stocks and bonds), then the amount of commissions can vary from 0.01 to 0.1% of the transaction amount. It all depends on the tariff connected by the client.

Tariff conditions depend on the amount in the account and the frequency of trading. Someone has millions in their accounts and makes rare transactions. And others, with modest amounts, can make tens or hundreds of transactions in just one day.

Before choosing the “right” tariff that suits your goals and capabilities, you need to know approximately how much you will be operating and how often you will make transactions on the exchange.

A broker will help you with this. He will recommend a tariff that is more favorable for you.

As a last resort, all brokers have so-called “universal” tariffs (or a tariff for beginners). Feel free to choose it. It can be changed later.

Additionally, the broker may set a minimum monthly commission that the client must pay.

Usually it is 200-300 rubles per month.

For example, if for a month 150 rubles were withheld from a client who made transactions in the form of commissions. And the minimum fee from the broker is 200. Then at the end of the month another 50 rubles will be debited. If the client has already paid more than 200 rubles as a result of transactions, then nothing will be written off.

For some brokers, the minimum fee is completely waived when a certain threshold of the minimum amount in the account is reached (50-100 thousand rubles). And all that remains is the “bribe” for performing transactions.

The second point is how much will it cost you? Or the amount of trading costs or commissions. Here you will have to do some analysis of brokers' offers. It is impossible to say for sure that this broker is the most profitable. And the other one is too expensive.

The range of tariffs presented is different for everyone. The most favorable tariff schedule for the long term may be with one broker. But for active trading, the “profitability” is different. With large capital it is better to work with the third one. And the fourth broker allows you to open accounts with small amounts without minimum monthly payments.

The third point is convenience for you. This includes replenishing and withdrawing money from the account (input/output speed, fees for these operations, what methods can be used to replenish the account and withdraw money). Opening an account (online or personal visit to the office). Solving various issues with a broker.

Before you start choosing, it is advisable to know about.

How to conclude an agreement and start buying stocks or bonds

After choosing a broker, you have 2 options.

1. You stomp your feet to the office. Taking documents with you (usually a passport, INN and SNILS). You read everything there, sign an agreement and get access.
2. Concluding an agreement online. Nowadays, many brokers provide online account opening services. Leave an application on the website, filling out all the necessary forms. Broker to call back. He will answer your questions and help you choose a tariff. If everything is satisfactory, he will send you a signed contract.

After concluding an agreement, you get access to trading on the exchange. And all you have to do is top up your brokerage account and you can start trading.

Trading is carried out through a trading terminal (in Russia this is mainly Quik).

But here you need to spend time studying its functionality. The websites of all brokers have instructions for setting up the terminal. The terminal is convenient for analyzing and selecting the necessary papers. Monitor price levels and current positions. Submit conditional orders. Analyze price charts using a dozen different technical analysis indicators. Build support and resistance levels. And much more.

The second option is to buy online through applications or your personal account on the broker’s website (not everyone has it). Here we have slightly reduced possibilities. And the transaction procedure itself comes down to buy and sell buttons. And it’s more like an online store.

The third option is “call a friend.” Or rather the broker. What does it look like? Dial a broker (the contact number will be given when opening an account). Says the code word. And say: I want to buy shares of Gazprom - 1000 shares (or 100 thousand rubles). The broker immediately makes the purchase at the current price on your behalf.

What is the difference between a broker and a trader?

As we found out, a broker is an intermediary between clients and the exchange. He acts and makes transactions on behalf and with clients’ money. Like through direct instructions. The same goes for trust management.

A trader is a person who makes transactions on the stock exchange using his own and borrowed funds. Accordingly, through a broker.

In simple words, a trader is a customer. And the broker is the executor of the trader’s “will”.

Accordingly, the broker’s profit is generated through commissions. It doesn't matter to him whether the price rises or falls. Market crisis or economic recovery. Clients make transactions and bring income to the broker.

And the trader has a speculative profit (bought cheaper, sold more expensive). It was successful - it worked. It didn’t work out - I recorded a loss.

Where are shares purchased through a broker stored?

All securities traded on the stock market are in book-entry or electronic form. All information about current owners is stored on special servers - .

They can be independent or operate under the wing of a broker. We can say that a depository is an analogue of a deposit in a bank. Only instead of money, there are securities there: shares, bonds assigned to a specific owner.

In this case, we have higher reliability compared to keeping money in a bank.

Who controls Russian brokers?

All brokerage activities are under the watchful eye of the Central Bank. He also issues licenses. To do this, you need to have a significant authorized capital. Have appropriate financial education.

Failure to comply with or violate established rules may result in the broker losing his license. And as a result, lose the right to provide brokerage services.

A list of brokers with valid licenses to operate is available on the Central Bank website. There are more than three hundred companies in the table (at the time of writing - 372 organizations).

How much do brokers earn?

Indirectly, the level of income of leading brokers can be assessed by the monthly trading turnover of their clients. Top brokers are talking about amounts of several hundred billion rubles.

Multiply by average commissions (0.03-0.06%). And we get the amount of revenue. Minus the costs of maintaining servers, rent, advertising and employee salaries.

A list of brokers by trading turnover is regularly published on the Moscow Exchange website.

If we talk specifically about brokerage company employees, the average salary level depends on the region. The minimum payment starts from 60-70 thousand in Moscow. In other cities it is usually from 30-40 thousand.

This is basically the base salary. Bonuses depend on plan completion. And how there is no such ceiling. Having “hooked” a couple of large clients operating with multimillion-dollar capital, the broker will constantly receive good deductions from their trading.

At its core, the work of a broker comes down to the activity of a sales manager. And not for trading on the stock exchange. “New” clients are assigned to the “sales person”. They trade and the office makes a profit. A certain percentage goes to the broker personally (usually from 10 to 30% of the commissions paid by the client for transactions).

infofx

Who can you trust with your money to engage in trading and not worry that what you have traded will never be withdrawn from the exchange platforms? All traders ask themselves these questions. We have compiled a rating of stock brokers in Russia 2020 that are reliable enough to trade on the Forex market.

In addition, in this material we have presented a list of brokers based on trading conditions, and we will also study their advantages and disadvantages. This will help you quickly choose a platform for trading on the foreign exchange market.

It is worth noting that at the beginning of 2020, only 5 stock brokers received an official license from the Bank of Russia.

Below we will talk about 6 Russian Forex brokers with relevance for 2020.

This article will focus on the following sites:

Stock brokers - Russian rating compiled by reliability for 2020

Position 1: InstaForex brokerage company

A fairly well-promoted broker that provides the opportunity to conclude transactions not only on the traditional foreign exchange market, but also on various others (precious metals, indices, cryptocurrencies, etc.).

As you can see for yourself, an extensive list of advantages allows this dealing center to be included in the rating of stock brokers in Russia in 2020 in terms of reliability.

Flaws:

• freezing of the trading platform was observed;
• withdrawal of profits from 3 days (this is due to a thorough check of the client’s verification).

GO TO INSTAFOREX

Position 2: AMarkets is a reliable stock broker in the Russian Forex market

Another Forex broker, which is included in the list of the best platforms in Russia in 2020 in terms of reliability. He began presenting his services back in 2007.

Advantages:

• high order execution speed - 38 milliseconds;
• availability of a demo account;
• minimum entry threshold is 5000 rubles or (100 USD);
• minimum spreads – from 0.2 pips;
• availability of PAMM accounts;
• fresh analytics and training for beginners;
• $100 or 5000 rubles
• Leverage – from 1:1 to 1:1000
• bonuses and promotions;
• wide range of assets available for trading;
• many awards;
• regulation by The Financial Commission.

Flaws:

• large minimum deposit;
• increase in spreads when important news is released;
• not a very attractive site from a navigation point of view.

GO TO AMARKETS

Position 3: Alpari is a reliable broker with convenient trading conditions on the exchange

Forex broker Alpari is one of the oldest DCs, which has a secure foothold in the Russian market. In 2018, the Russian Central Bank revoked its operating license because the Alpari broker provided services in offshore zones. Despite this, this broker still provides quality trading services in financial markets to millions of clients. The company's management, faced with the previously mentioned conflicts with the Bank of Russia, the company did not drain the funds of its clients. Moreover, they consistently pay their clients on the first application.

Advantages:

• online account registration for trading in a matter of seconds;
• there is the possibility of investing in PAMM accounts;
• $/RUB accounts;
• minimum deposit - no;
• the widest range of assets for trading;
• platforms – Meta Trader 4/5;
• accounts are serviced free of charge;
• individual commission per session;
• leverage – up to 1:1000;
• promotions and competitions with cash rewards;
• online training.

Also, the advantages of this DC, which has long been included in the TOP-3 stock brokers of the Russian Federation in 2020 in terms of reliability, include the presence of a cent account. By the way, its lot size is also calculated in American cents, and not in US dollars. This allows you to test absolutely any trading strategy on a real account, eliminating significant investment losses.

Based on our experience, we can say that almost 90% of manager traders who use aggressive trading systems lose their clients’ deposits after 5 years of trading. To prevent this from happening to your investments, you need to withdraw profits from the traded account every week or once a month.

Flaws:

• revocation of the license by the Central Bank of the Russian Federation (when there was a license, Alpari made tax payments automatically before withdrawing the client’s funds);
• You need to fill out your income declaration yourself.

GO TO ALPARI

Broker NPBFX - 4th position in the rating in terms of reliability

Advantages:

• regulation by The Financial Commission;
• deposit from 10 USD;
• spread – from 04 p.;
• leverage – 1:100;
• Swap Free account;
• social trading ZuluTrade;
• over 40 assets for trading;
• MT4, Web terminal, mobile trading;
• there are demo accounts;
• promotions and competitions often;
• many awards.

Flaws:

• there is no cent account;
• no cryptocurrencies.

Position 5: BCS is a broker that has proven its reliability

In our selection of reliable stock brokers in Russia in 2020, BCS is considered an equally major player. After all, this is a financial group that includes not only a company, a depository, but also its own bank.

Advantages:

• 2nd place in the Russian Federation in terms of number of clients. The first is from VTB24;
• deposit starts from 50,000 rubles;
• variety of trading platforms (My Broker/Meta Trader 5, QUIK/Pocket QUIK);
• the cost of monthly account maintenance is 177 rubles;
• access to the St. Petersburg/MSK exchange and access to Eurobonds;
• transaction commission is 0.0354%;
• technical support around the clock;
• registration through “State Services”;
• the widest range of assets for trading.

Good day, dear readers of the blog site!

The rating of Forex brokers is perhaps the most useful thing for all those who want to realize themselves in the field of stock trading. If you are looking for opportunities to make money on Forex, then you have probably already paid attention to the search for a broker - an intermediary, without whom trading on the stock exchange is simply impossible, isn’t it?

Before making a desperate choice, you read reviews about the activities of brokers on the Internet, right?

Since dreams of millions in profits dominate the minds of thousands of people, brokerage firms are becoming extremely numerous. Most of them are one-day scammers who lure money from inexperienced and gullible Internet users. By what first criterion can you distinguish a one-day project from a worthwhile project? Right, by lifetime.

The more time a company has spent on the market, the more reliable it is. The Forex trading industry entered a phase of active development in 1997-1998; the most trusted companies were born during this period. However, there are also younger ones.

The firm's existence allows us to weed out dubious candidates, but this does not particularly narrow the scope under which many brokers still fall.

Second criterion - number of clients(popularity of the company) and their attitude towards the broker - the authority of the office.

In most cases, it is quite possible to get at least an approximate idea of ​​the number of traders in a particular company. The RBC channel helps in assessing authority. Look at which firms' traders often appear in market reviews, and you will weed out a great many “green” projects.

Now we have a circle of companies whose members are not scammers, but the prospects for cooperation with them are not the same. How will we proceed with the selection? According to trading conditions.

You will be able to form a detailed idea of ​​whether a broker is good or bad in your head only when you have mastered the basics of Forex, but we will analyze the main points in this post so that you still benefit from reading.

As we know, brokers make money on spreads - the difference between the purchase price of a currency (called the bid price or, in English, Bid) and the sale price (Ask). The spread is not a constant value and periodically narrows and expands, but still it has certain values. Our task is to choose brokers with minimal spreads on key currency pairs.

Key currency pairs are the instruments with the lowest spreads. They are also called “major” instruments. You can see the list of all the majors in the terminal we installed (how to install it, configure it and generally where to get it from is written in the article).

Spread comparison using the above pairs from different brokers will help you draw conclusions. If you choose scalping as your trading strategy, the level of income from spreads will depend greatly.

Scalping (pips/pips) is the general name for short-term trading strategies. The basic principle: you need to open a lot of transactions, most of which will definitely bring profit. Typically, transactions are closed as soon as even a tiny profit appears - “the scalp is cut off”.

We've sorted out the spreads, let's move on. In the article about, you will learn that in Forex, currencies are not sold in “units”. You can't buy $1 and wait for it to increase in value. Currency is sold in certain volumes - lots (just like shares sold in blocks).

The smaller the lot, the less money we need to open a position (the lower the risk and profitability, naturally). The smallest lot in existence is 0.01. This is 1,000 units of currency. By opening a deal of 0.01 lots, we buy, for example, 1,000 dollars, euros or other currency. However, there are exceptions to this rule - read reviews of some brokers below.

We will delve into the essence of this most important term in the above-mentioned separate article, for now you just need to remember that the smaller the lot the broker allows you to trade, the better, especially for those who are starting from scratch. Maybe you won’t open trades for 0.01 lots. But where is the guarantee that you will never have to reduce the volume of open positions, gradually taking away profits.

It is better not to cooperate with companies that do not allow you to play on the exchange with minimum lots. This is not to say, of course, that the Xtrade broker is bad. His smallest lot is 0.1. But we will have fewer opportunities to earn money by collaborating with him. The situation is similar with the company Kalita Finance. A veteran, it has been on the market for a long time, but the minimum lot is 1. People with large starting deposits make huge money here.

So, remember, ideally you need to choose companies where you can open with a volume of 0.01 lots.

Leverage– the larger it is, the more risky operations you can perform on the stock exchange. If you plan to trade conservatively and carefully, then you don’t need to pay much attention to leverage. I will note here, as in my very first article, that you can lose all your money due to trading with leverage, but you definitely cannot get into debt, so don’t worry. True, there are exceptions, one of which we will consider when analyzing the Alpari broker.

The next important indicator is number of tools, which the broker allows you to trade. They are divided into different categories. The main one is major currency pairs. There should be no less of them than on the previously presented screen. A very trendy instrument – ​​the USD/RUB currency pair – won’t hurt either.

Instruments of the “Exotic” type are not used in trading by all traders due to too large spreads, although they are no worse suited for medium-term strategies than “majors”.

If you have no knowledge at all about Forex and you have the vaguest idea about trading, it is best to find a broker who will provide quality training. The ideal option is webinars where you can ask questions to the teacher. By the way, regarding knowledge, take a look at the page with the material “Forex Books for Beginners”. Perhaps the need for training will disappear on its own.

A huge number of newly created brokerage firms entice gullible Internet users with the opportunity to trade with an expert. In most cases, expectations are not met: there are many traders, and it is simply unrealistic to select an individual expert for each. The matter will be limited to the fact that the expert will give you certain advice and let you go free.

Availability of a cent account– an optional quality criterion, but it can be useful if you want to start training with very tiny amounts ($1-2). True, does it make sense at all in this case to open up and start trading, because for such a case there is a demo account.

A profit on a cent account is a loss for the broker, because cent trades are not brought to market. This thesis gives the right to some people to claim that brokers “draw” not entirely correct quotes when trading cents and steal traders’ money. If the company is verified, there is no need to fear a catch.

It would be nice if the brokerage firm allows you to open different types of accounts with different conditions. Typically these are cent, standard and professional accounts.

So, all of the above criteria will allow you to avoid making serious mistakes when choosing a broker and not trusting scammers. A more reliable “feel” will be developed later, when you start real stock trading.

Now let's get acquainted with some companies. I have prepared a list of reliable Forex brokers for you.

Reliable domestic and foreign brokers

Below I will offer you a list of brokerage companies with a brief description of each. We will study their conditions and trading terminals in more detail in separate articles.

Forex Club

Trading is carried out through MetaTrader. If we open an account of the “Start” type, we get the opportunity to trade 0.01 lots, on other accounts the minimum is 0.1 lot. By the way, $200 will be enough to open a “Start” account. You are allowed to deposit/withdraw amounts starting from $10.

Alpari

So we got to the famous broker Alpari, on whose website we have already registered and downloaded a terminal for trading. Let's take a look at the trading conditions.

Accounts here are divided into 3 types:

1. Nano (cents, no minimum threshold).
2. Standard (standard – dollar, minimum amount to open an account – $100).
3. ECN accounts (dollar accounts, for professionals: commissions instead of spreads, higher Stop Out levels and other features).

Let us note right away that if you want to try trading on different accounts, you can dial $100 to open a “Standard” account, and then transfer part of the amount to a cent account.

It is not possible to trade securities on Alpari, but traders have several futures at their disposal. Gold, silver, oil are available from the commodity market, and space is reserved for the dollar/ruble pair.

Leverage – 1:500. You can even enter into very risky transactions, but you shouldn’t do this. The minimum lot is 0.01.

Would you like to learn about the possibilities of free daily one-on-one training with a trader in broker offices, which are located in almost every major city? Or are you interested in the opportunity to observe the transactions of professional traders through access to their trading accounts? Be sure to check out ours. There you will also find information about accounts, when trading on which you can remain in debt to the broker. But you don’t want this, it seems to me?

Recently, I have often come across reviews on the Internet from traders who accuse Alpari of fraud by presenting incorrect stock quotes on charts. Having become interested in this issue, I conducted a small study, the results of which I report in the above review.

Trading platforms – MetaTrader and BinaryTrader (for binary options). By the way, you can open trades on options even on a 30-second time frame, while the minimum time interval for Forex (if you remember) is 1 minute.

Alpari is second only to Finam in terms of reliability.

Finam

Finam is one of the largest brokerage firms operating in Russia. In addition to currency pairs, you can trade securities here (the stock and foreign exchange markets are combined). Finam was awarded a license from the Central Bank of the Russian Federation, which can only be obtained by the highest quality companies.

The minimum deposit for a Forex account is $100, which is quite an acceptable amount. You can also open a ForexLite account with a minimum of $10. For a regular account, the smallest lot is 50,000 units of the base currency - this is 0.5 lot. For ForexLite, the volume is even smaller – 1,000 units or 0.01 lot.

Training is available on the brokerage firm’s website, and it is of quite high quality; after studying the basic principles, you move on to analyzing specific strategies. Trading is carried out entirely through the MetaTrader 4 terminal, the administrators do not invent the wheel.

If you doubt your abilities or are afraid to take risks, you can connect to the account of professional traders and automatically copy trades. Of course, there will be unsuccessful positions, but profitable ones will cover them, so every month will definitely be closed with a profit.

A detailed analysis of the company, its trading conditions (including for the stock market - an excellent opportunity to receive stable passive income), the terminal format (minor differences from other brokers are still present) is available in a separate article.

BKS-Broker

On the MICEX (if you remember, this is the Moscow Interbank Currency Exchange), every third transaction is made by traders who have opened an account with the BCS broker - a fairly high figure. The company has been providing its services to traders for more than 19 years. Here you can work with absolutely all existing instruments: currency pairs, stocks and bonds, futures, forwards, options, etc. Access is provided to both the Russian and American markets.

After trading currencies, you can immediately move on to securities transactions. They are good for the opportunity to receive passive income, because the shares regularly pay dividends.

For beginners, accounts with a small commission are available; there are practically no spreads anywhere. With them you can successfully start playing in the market and earn money. There is no minimum deposit. Leverage is 1:200, you won’t be able to trade too aggressively, but 1:200 is enough to go through the roof. In the future, if necessary, you can reduce the leverage size if you are afraid of losing money due to high risk - a good recommendation.

Training is conducted in the format of webinars, there are good articles on trading. In addition, you can consult a toll-free hotline number. It is proposed to speculate in currencies through MetaTrader, and in stocks through a service called QUIK. We will study it in detail in a separate material, “Review of the BCS brokerage firm.”

Forex4you

Administrators don’t bother much about trading platforms. Forex transactions are opened through MetaTrader, stock speculation occurs through the xStation terminal specially designed for this purpose.

The screenshot shows shares of Russian companies available in xStation. Do not think that all the variety is limited to them: there are also securities of English, European, American companies, etc.

FxPro

FxPro has been operating on the market for over 11 years. Not as long as Finam, BCS or Alpari. However, the broker has gained serious trust among traders, not only professional ones, but also beginners. Administrators develop their own trading platforms, so in addition to MetaTrader, you can open trades through FxPro cTrader, FxPro Markets.

Transactions are executed very quickly. There are many instruments: currency, stocks, futures, indices and much more. There are no options, and cryptocurrencies are promised to be made available for trading soon.

All analytics are provided absolutely free. There is training in the form of recorded video lessons. Webinars are also held regularly.

Spreads are the same as other companies.

Leverage here depends not on the type of account, but on the volume of open trading positions. If less than 100 lots are open, then the leverage is 1:500, if 100 – 200 lots, then 1:200, 200 – 300, then 1:100, 300 – 500, then 1:50, more than 500 – 1:33. You are unlikely to open in very large volumes, so you have quite a lot of opportunities even for aggressive trading.

Read more about trading with the company in question and other details in our separate “FxPro Broker Review”.

Conclusion about Forex brokers

Dear friends, we have reviewed the top 10 best companies for trading on the foreign exchange market. Now you already know approximately which one to choose for trading. Fraudulent organizations from the “black list” or “gray” companies did not appear in our review. Perhaps we will devote time to them later.

Before choosing a company, please read its full description (the link is located in each separate block). If you have questions about choosing a broker, ask them in the comments.

If you are interested in a brokerage firm not described above, please “order” its description in the same way through the comments, within a few days a detailed study will appear on the blog pages.

Good luck with your trading, big profits!