VTB 24 Bank Review for 2019

VTB 24 Bank Rated 3/5
VTB 24 Bank have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to VTB 24 Bank

VTB 24 Bank Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of VTB 24 Bank we break down the pros and cons. What VTB 24 Bank are able to offer, what countries VTB 24 Bank are available in. Who VTB 24 Bank are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open VTB 24 Bank's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to VTB 24 Bank

With this review we hope to help you see if VTB 24 Bank is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding VTB 24 Bank that will help you get off to a good start in the world of online trading.

VTB 24 Bank what you should know

VTB 24 Bank offer two ways to trade: Forex trading, .

With VTB 24 Bank you will need a minimum deposit of $varies. You can sign up for a demo account to acquaint yourself with VTB 24 Bank platform.

VTB 24 Bank are able to accommodate various levels of traders whether you are experienced or a beginner.


Are VTB 24 Bank safe?

When choosing a broker like VTB 24 Bank the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in , and in operation for 2019 years VTB 24 Bank have a head office in Russia.

VTB 24 Bank is regulated. This means VTB 24 Bank are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to VTB 24 Bank, this will be honored. If VTB 24 Bank violate any regulatory rules their regulated status could be stripped.

Any payments funded to VTB 24 Bank accounts by traders are held in a segregated bank account.

For added security VTB 24 Bank use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with VTB 24 Bank. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit VTB 24 Bank

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in
  • Regulated by Unregulated
  • Min. deposit from $varies

What we don't like

VTB 24 Bank General Fees

  • VTB 24 Bank withdrawal fees varies on payment method
  • VTB 24 Bank does charge inactivity fees

VTB 24 Bank Commissions

  • VTB 24 Bank does charge commission on CFD shares

What can you trade with VTB 24 Bank?

You can trade a wide variety of instruments with VTB 24 Bank over 252 instruments infact.

If you are looking at trading currency pairs VTB 24 Bank offer over currency pairs.

Compare VTB 24 Bank with Interactive Brokers and XTB below.

FX / Currencies vtb24bank IB XTB
# of forex pairs offered 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs VTB 24 Bank Interactive Brokers XTB
# of commodities offered 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs VTB 24 Bank Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
vtb24bank's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on VTB 24 Bank web platforms and other applications

VTB 24 Bank offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An VTB 24 Bank IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

VTB 24 Bank also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See vtb24bank's platforms

VTB 24 Bank Trading benefits :

  • Offers STP
  • Low min deposit

VTB 24 Bank Trading Accounts offered:

  • Mini account
  • Standard account
  • ECN account

Can I try VTB 24 Bank before I buy?

VTB 24 Bank offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do VTB 24 Bank accept?

VTB 24 Bank offer the below funding payment methods. learn more about VTB 24 Bank

  • Credit cards

How can I start trading with VTB 24 Bank?

When opening a trading account with VTB 24 Bank, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on VTB 24 Bank trading platforms here.

Performing trades with VTB 24 Bank

VTB 24 Bank allow you to execute a minimum of trade of varies. This may vary depending on the account you open. VTB 24 Bank allow you to execute a maxium trade of varies. As VTB 24 Bank offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, VTB 24 Bank offer margin up to % on currencies.

Support at VTB 24 Bank

VTB 24 Bank support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with VTB 24 Bank

As VTB 24 Bank is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore VTB 24 Bank's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with VTB 24 Bank you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.vtb.com/ on 12th August 2018.

VTB 24 BANK Frequently Asked Questions

Can I try VTB 24 Bank before I buy?

VTB 24 Bank do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do VTB 24 Bank accept?

VTB 24 Bank offer the below funding payment methods accept Credit cards, among other payment methods. Learn more here

How can I start trading with VTB 24 Bank?

When opening a trading account with VTB 24 Bank, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on VTB 24 Bank trading platforms here.

Is my money safe with VTB 24 Bank?

VTB 24 Bank is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like VTB 24 Bank is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to VTB 24 Bank, this will be honored. If they violate any regulatory rules their regulated status can be stripped.