Forex Vtb 24 Reviews
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10 VTB24 reviews. A free inside look at company reviews and salaries posted anonymously by employees. Read the latest VTB 24 Forex customer reviews and comments from real traders for 2018 year on TopBrokers.com. Read more This company has claimed its Trustpilot profile, but to our knowledge, doesn't actively invite its customers to write reviews on Trustpilot. Read more This company hasn't claimed its Trustpilot profile and to our knowledge, doesn't actively invite its customers to write reviews on Trustpilot. In the autumn of 2016 VTB24 Forex got its forex brokerage license from the megaregulator Bank of Rusia, but at the time of writing of this review (January 2017), still has not launched active operations.
Excellent service in time, good rate, professional people working with them. Always answered my questions in time by email. I particularly deal with same person all the time, named as ZACH and he always there for me to facilitate the smog transactions even some times i am at fault, he helped me.
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Their rates are good compare to other company in business. I do all the transaction online, never met anybody in person,yet i alwaysfeel that ZACH is there talking to me in person to smoothen out the exchange of the dollars. Thanks again ZACH.
VTB24 Forex gives a max leverage of 1:50, which is rather low for the industry, where the average is around 1:200. There are other forex brokers, like FiboGroup who give as much as 1:400 on some accounts and whose highest leverage is 1:1000. According to the company employees, the max leverage in the demo account is 1:45 and the stop-out margin is 1:50, but this could change once the live trading accounts are launched.
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Our guess is that VTB24 Forex is simply proceeding cautiously, even though the major players on the Russian market like and Forex Club offer higher leverage. On the other hand, another smaller broker on the Russian market – Gerchik&Co has a max leverage of 1:100 and 1:50 for ruble pairs. Trading platforms VTB24 Forex is one of the brokers who offers the trading platform MetaTrader 5 () – the successor of the all-time favorite. Since the introduction of the hedging option in the spring of 2016, MT5 has been growing in popularity, even more so after its developer MetaQuotes said it is starting to phase out MT4. It is said that MT5 is better and faster than its predecessor and has more options, but the absence of the hedging feature was keeping it in the shadow of MT4. Now only time will tell whether MT5 will succeed in repeating its success. Other forex brokers that are already offering MT5 are,, FXChoice and FiboGroup.
Methods of payment We could not find specific information about the deposit options, besides the most obvious – bank transfer. Probably the broker will provide other options once it becomes fully operational and launches live trading. Judging by the posts in the broker’s forum section, traders are showing interest in becoming clients of VTB24 Forex. There are also those who have already traded forex using the previous service of the parent bank.
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When comparing to other forex brokers, the trading conditions of VTB24 Forex do not strike us as very attractive. The initial deposit is rather high, the leverage is too low and the minimum trade size is pretty big as well. Most brokers offer trading in micro lots, or at least in 0.1 lots, like. Alpari, the leading broker on the Russian market offers trading in 0. Methods of forex trading. 01 lots. Another major broker – TeleTrade, however, offers trading in entire lots only. Instead of the forex broker you can use,,, or forex. VTB24 Forex Review Conclusion For more information about currency trading brokers visit forex brokers comparison website, Tip foreign exchange trading experts please by share this article about VTB24 Forex Review.