Broker tariffs - comparison of commissions and conditions in 2020

Why look for the best broker?

This article is dedicated to finding the best broker in Russia.
I spent several days to find out which broker is the best not only for a beginner, but for any trader. The idea to write such an article arose when I read several resources on the network on this topic and still couldn’t find the answer to who is the best. In addition, I myself am a client of several brokers in Russia, having significant amounts in brokerage accounts.

Therefore, this issue needs to be carefully considered not only by beginners, but also by experienced traders.

After all, competition among brokers forces them to constantly work on their tariffs and service. This means that a situation could easily arise when it’s time to leave one broker for another. After all, that other broker gives a more favorable offer for your trading on the stock exchange.

1. How to increase your brokerage account from 50,000 to 100,000 rubles. Description in the VKontakte group

2. How to increase your brokerage account from 50,000 to 100,000 rubles. Description in the group In the telegram channel

And by the way, if you are still looking for information about how to trade on the stock exchange without a broker, how to play on the “stock exchange” without a broker (this is how beginners usually think), then I will hasten to disappoint you. You can only trade through a broker! And under no circumstances should you play, but rather trade. This is not Russian roulette, but serious business!

So, let's go!

Just2Trade

Just2Trade - the company has been operating since 2007, in 2020 it received a license to operate in Cyprus.

Member of the Investor Compensation Fund.

More than 155 thousand clients from 130 countries.

Technical support in Russian and English 24/7.

Trading conditions:

• minimum deposit – $100;
• more than 40 currency pairs;
• maximum leverage – 1:500;
• spreads – from 0.0 pips;
• protection against negative balance;
• minimum lot – 0.01.

Types of trading accounts:

1. Forex and CFD Standard.
2. Forex ECN.
3. MT5 Global.

Trading platforms: MT4, MT5, CQG, ROX, J2TX.

Payment system: MasterCard, Skrill, Neteller, Cash, Swift, Paysafecard.

This company is distinguished by high security and a huge number of financial instruments.

Positive review about Just2Trade

The importance of choosing a broker at the start

I think this article is very important for beginners. Those guys who, out of necessity or due to advertising “enticements”, became interested in trading on the stock exchange.

And just opening a brokerage account is the very first step to trading, it is not yet clear what. Before we start looking for and choosing a broker, you need to understand:

Trading on the stock exchange does not always mean profit; losses also happen. And commissions to a broker can also be considered as losses.

In general, this is a controversial issue about losses. After all, commissions to a broker can also be considered as costs of your trading, your business.

But this doesn’t change the essence! And brokerage commissions can significantly reduce your overall profit or loss. Especially if you look at these numbers by year.

This means that you must initially choose a broker with minimal commissions. And here it is important not to pursue the task in a straightforward manner, but also to consider and compare a number of other equally important parameters.

Important! And they need to be considered first, no matter how absurd it may sound!

Now you are just a newbie on the stock exchange, but in a year you will want to trade, for example, American stocks. And the broker you choose will not have access to the St. Petersburg Exchange.

So what are you going to do?

Look for another broker! Of course, it’s quite easy to leave one broker for another now, but it’s still a hassle and extra hassle.

Let's go through the brokers and choose the best one based on the parameters: price-quality. To remove the uncertainty in choosing the best broker in 2020, I will try to analyze all the major brokers according to various parameters and try to choose the same broker that is reliable and convenient for the average person.

How to choose a broker in the stock market?

In order to choose a broker, you need to understand what the criteria are, where one is inferior to the other, and where, on the contrary, it wins. It is impossible to objectively compile a rating of Russian brokers in 2020; each has its own priorities in trading. Therefore, each rating is subjective; we compiled it based on the convenience and costs of the client. But for some, the name Sberbank is almost sacred, and no arguments can convince them. Therefore, we start with the ways in which stock brokers may differ, that is, what are the general points that should be taken into account when choosing.

Reputation

Initially, brokers seem to be in the same conditions - obtaining a license involves quite serious work, it is not issued to just anyone. This means that in terms of reliability, all brokers can be called absolutely reliable. Well, at least the first ten for sure. Everyone knows these names - Sberbank, VTB, Promsvyazbank and so on. They are usually part of a larger financial institution. In general, when it comes to capital security guarantees, there is nothing to worry about. And in this case, we can move on to the first important aspect.

A broker's reputation consists of many parameters:

1. Working with clients . The way support communicates, how they provide assistance when opening an account, and how they answer all questions in detail. The approach to the client essentially reflects the entire philosophy of the company, and this is important.
2. Analysis of difficult situations . For example, lack of margin. You can call and come to an agreement, explain the situation and say that there is no need to forcefully close anything, that we will now unload the deposit. For many this is important.
3. Uninterrupted operation . There may be a breakdown on the broker’s side, in which case the servers will “fall” and the client will be left without communication and the ability to make transactions. By the way, curiously, this often happens to many brokers at once on days when there is a large-scale decline in stocks and indices.
4. Efficiency in non-trading operations . How quickly money is withdrawn, are there any delays in the receipt of funds in the form of dividends on shares, how are taxes withheld when trading foreign shares.
5. Intrusiveness in working with clients on the part of employees . Some do not give rest and constantly impose their investment ideas. This is annoying, especially if you look at the effectiveness of such ideas.
6. Availability of analytics that somehow correlates with what is happening in the market. As you know, everyone can be an analyst, but not everyone can be a normal analyst.

If we look at reviews, it is usually very difficult to get to the truth. For example, you can find a lot of complaints about communication breakdowns, but in fact there were none. That is, in such a bunch of baseless accusations and laudatory paragraphs, it is quite difficult to find the truth. Usually, if you really were deceived somewhere, you will take screenshots and provide some other evidence. Otherwise, many newcomers react to loud statements that, although true, do not change anything overall. For example, the broker with the largest number of clients.

How many active clients are there? There may be very few of them. And the number of accounts is huge due to the imposition of services, then these accounts are empty. So you should familiarize yourself with what specific users write, test a demo, if offered, look at investment ideas and portfolio selection services. And one more thing: it makes no difference at all how long a broker has been working on the market - 5 years or 25 years. Everything is standardized and we won’t notice much of a difference when it comes to reliability . The Central Bank does not sleep and fines for the slightest deviations from the rules, so this point about duration should not be considered worthy of attention.

Registration

After we have familiarized ourselves, we look at the possibilities for registering an account. Firstly, it is very convenient if the stock broker you like belongs to the same group as the bank we serve. Here, of course, the easiest way to work is with Sberbank, because almost everyone now has an account with this bank. But you shouldn’t limit yourself to Sberbank alone; VTB or Alfa also have a fairly large network of both branches and just ATMs. On the other hand, if there is no rush to withdraw funds, then it is quite possible to use a different bank and broker.

The question here is rather whether it is possible to open an account online. It's simple, fast and convenient. If we are bank clients, then the opening really takes place in a couple of clicks . And if it is not possible to open online, then we will further find out all the details of this process. Usually you can go to a bank branch and do everything there. In rare cases, there may not be a broker's office nearby, then we choose from what is available, there is nothing we can do about it. This, by the way, greatly influences the industry - you can offer excellent conditions, but there will be few clients due to inconvenience with registration.

Trading conditions

After we have chosen a list of stock brokers with a good reputation and those where it is convenient for us to open an account, we look at the trading conditions. This is a really important question, since you can invest 1000 rubles, or you can invest 1,000,000,000. Costs will be important in both the first and second cases. So, the main parameters:

1. Minimum account amount . Everything is simple here - many people don’t want to bother with “small things”, so they set a limit. Which is easily explained - the broker makes money on commission. Therefore, we look at this parameter first, because the amount that is available may not be enough.
2. Broker commissions . Also an important parameter. You need to proceed from what accounts are offered and your own trading style. It is difficult for a beginner to understand his style, but there is something obvious - if you are going to buy only bonds, then it makes sense to work with the lowest possible costs in “idle” mode, since operations with bonds do not require constant activity.
3. Deposit and withdrawal without commissions . This is the most convenient option, which, unfortunately, is usually only available within one financial group. In other cases, we look, compare, evaluate the processing and receipt time, as well as the amount of costs.

Access to foreign securities

In general, this point could have been included in the previous one, but the question is very, very important for many, so we are considering it separately. So let's say we want to buy Apple stock. To do this, we need to have access to these shares. To get it, you need to trade through the St. Petersburg Stock Exchange. But not every broker has a connection to this exchange. Accordingly, we initially look at what range of tools is offered to us, and based on this we make a choice based on our needs. Now let's look at why this is important for many.

When we buy shares of Rostelecom, we give rubles. The share price is also expressed in rubles. That is, as long as we have a share in our hands, we essentially have a ruble asset. And if the stock grew by 15% (and this is just an excellent result even within one year), but the ruble fell against the dollar and euro by 15%, then in foreign currency equivalent we have no profit. Now let’s imagine that the stock fell (and this happens, needless to say), and even the ruble sank. As a result, losses multiply. But this is if we think in terms of currency, of course. Since nothing good can be expected from the ruble, the question becomes relevant.

Narrowing the circle of brokers for analysis

If you see an advertisement for a broker, you should understand that this broker is not the only one. There are so many of them now that a month is not enough to study each in detail.

Therefore, I went to the Moscow Exchange website and decided to start looking for a group of brokers for my analysis based on the question that first came to my mind:

Who are these brokers and who have the most active clients?

This is the first question that came to my mind to conduct an analysis. Specifically active clients, because clients can open a brokerage account, but not trade for various reasons.

One of which, by the way, is that the trader just stopped liking the broker.

Accordingly, it is even interesting to look at both lists. I think that just looking at these numbers you can make some kind of primitive conclusion about choosing a broker.

What do you think?

In table No. 1, from the data available on the Moscow Exchange in the public domain, I collected into one table the figures for the total number of attracted clients and active clients.

Table No. 1. Data from the Moscow Exchange website for December 2020

Active clients are those people who have made at least one transaction. And it’s easy to calculate the percentage of active clients from the total number of clients for each broker.

Even Sberbank did not have impressive numbers. See for yourself!

With him everything is clear why there are so many clients. Why be surprised, Sberbank is a state bank. All budget salaries go through this bank. And people associate it with some kind of reliability.

It is unlikely that there will be a situation with Sberbank that periodically occurs on federal channels about the bankruptcy of small banks.

I was more impressed by Tinkoff! And table No. 1 shows that the percentage of active clients is higher than that of Sber:

1. % of active users of the total number of Sberaraven 7.7
2. % of active users of the total number of Tinkoff is 10.5

Well, in positions 10 and 12 there are simply giants unknown to me in terms of the percentage of active clients. The numbers are simply not even close to Sberbank and Tinkoff.

1. % of active users of the total number of GPB Bank is 14,640
2. % of active users of the total number of Alfa Capital is 41,850

In general, the top ten brokers, or rather the 12 best brokers, together with Alfa Capital, attracted the most clients to the exchange, taking the lion's share of the market of potential traders and investors under their wing.

I would also take the Kit-Finance broker into the fight for the title of best broker. Still, his percentage of active clients is 6.0%. And further from the list I want to remove all banks that are also brokers. This means Kit-Finance automatically falls into the top ten.

Above, I looked at the data for December 2020, but even according to the data as of May 1, 2020, the leaders have not changed much.

Table No. 2. Data from the Moscow Exchange website for April 2020

But this is not enough to choose a broker. Let's analyze the trading volumes of brokers. From the data on the Moscow Exchange website for April 2020, trading turnover is as follows:

Table No. 3. Comparison of brokers by trading turnover according to the Moscow Exchange

Looking at table No. 3, it is immediately evident that Sberbank is in 10th place in terms of customer turnover.

Sberbank is not such a giant as a broker.

The top three super leaders in terms of transaction value are:

1. Group of companies Region
2. FG BKS
3. Renaissance Broker LLC

Now you can decide on the top 10 brokers who lead either by the value of client transactions, or by clients attracted to the exchange, or by active clients.

So, drum roll, we announce the list.

And by the way, we try to choose those brokers who specialize in this. As practice has shown, banks have much worse customer service.

And it may even be necessary to write a separate article where we can look specifically at the brokers who carry out this activity other than their main one. And the main one is the banking sector.

My Broker. World of Investments (BCS)

Rating on Google Play 2.4 (5.9 thousand ratings), 500,000+ installations

Number of clients: almost 34 thousand active (almost 440 thousand open accounts)

Available platforms: MICEX, St. Petersburg and - for qualified investors - NYSE, NASDAQ.

Passive investors are offered investment ideas for building a portfolio; the fundamental application lures in with abundant recommendations from leading stockists and extensive information on issuers. For everyone, there is a schedule of coupon payments for bonds and a summary of dividend yields for stocks. Traders can use stop losses, take profits, charts and limit orders. There is a glass of deals.

Not long ago, BCS launched a collaboration with the Yandex.Money application, giving their users the opportunity to open and fund a brokerage account.

What can you buy in the app?

The application offers Russian and foreign stocks, bonds and Eurobonds, mutual funds and ETFs, exchange-traded notes, futures and currencies.

How to open an account

This can be done through the website or mobile application, using your State Services account or passport photo. IIS is opened simultaneously with a brokerage account.

If you have an identified or registered wallet in Yandex.Money, you can open a brokerage account from the corresponding application.

What are the commissions?

BCS followed the example of Tinkoff and divided the tariffs into expensive/simple and inexpensive/complex. With “Investor”, expenses will be 0.3% of transactions and 99 ₽ per month of transactions, for a total of 696 ₽ for the year (including the Moscow Exchange commission). There is no deposit fee for the new plans.

With the “Trader” tariff, the commission for transactions will be 0.05%, and the subscription fee will be 199 ₽, for a total of 846 ₽ for the year (together with the exchange commission).

There is a popular wave about a wider selection of “old” tariffs (BCS Start is popular among them), but you will not find information on the website. You can ask technical support for a link to a document with a full tariff line. You can connect to Start if you are opening an account with BCS for the first time.

BCS Start offers 0.0354% of turnover (0.0454%, if you take into account the Moscow Exchange commission) and charges a depositary commission of 177 ₽ per month of transactions. In “active” months, you will also have to pay a subscription fee for service, which will also “include” a fee for operations - its minimum amount is 354 rubles (in our example, the commission from the purchase of assets for 25,000 rubles will be 11.35 rubles, but the broker will still charge the subscription fee in full). Thus, the total costs for an annual turnover of 100,000 rubles will be 2,124 rubles. This is, of course, significantly more expensive than other plans, but the situation will change if the investor has active intraday trading and a higher turnover. To summarize: if you have low turnover, the new BCS tariffs are suitable for you. If intensive trade - old.

You can download the application from the link

Opportunity to open a brokerage account online

Brokers' offices are usually located in large cities. And now you can open a brokerage account without coming to the broker’s office if you live somewhere in a remote taiga village. This service is available from almost all major brokers.

Let's see, after all, maybe some of the brokers still have problems with remote servicing.

I went through the websites of the brokers listed above and several brokers who have problems with remote account opening are dropping out of the competition.

1. Renaissance broker
2. Univer Capital LLC
3. LLC IC “Freedom Finance”
4. Group of Companies Region

Availability of options, futures and other derivatives

It is no coincidence that I chose this item as the next item to filter out unnecessary brokers. And 95% of newcomers who come to the exchange believe that futures trading is very complicated and complicated. And when choosing a broker, do not consider futures or options trading at all.

All official websites of brokers talk about trading on the stock exchange as an opportunity to be an investor. Thus, clients’ understanding of other earning opportunities is narrowed.

The idea is that only by investing somewhere and something can you earn good money. So the broker wants you, dear clients, to direct your attention specifically to investing.

This is the kind of poster you will find on the website of any broker. as if investments can enrich a person.

But investing is a very serious job that gives good money for the same big good money. And an ordinary person who comes to the exchange will usually have from 100,000 to 1,000,000 rubles. This is very little for a normal return on investment.

Investment poster on the BCS broker website

But in fact, you can not invest, but calmly speculate in futures of the Derivatives Section of the Moscow Exchange. And commissions on futures are significantly lower than when trading stocks.

By the way, in my school, for kids who decided to trade futures, I give a specific example that shows such a big difference in commissions and more. And the advantages of futures trading are so obvious even in the fact that in a month you can trade only 5 days out of 20 trading days and get more than in investing.

And investing may not yield anything, not a penny, by the end of the investment period.

Therefore, I believe that the table of brokers that provide the opportunity to trade futures and other derivative assets is very appropriate for screening out narrow brokers.

From our list, which was thinned out in the previous analysis, the following brokers remain that provide the opportunity to trade futures:

1. FGS BKS
2. Opening
3. Finam
4. Alor+ LLC
5. Keith Finance
6. Aton LLC

LiteForex

LiteForex – has been operating since 2005.

The broker has 3 types of accounts: ECN, CLASSIC, DEMO.

ECN:

• minimum deposit – $50;
• leverage – from 1:1 to 1:500;
• floating spread – from 0.0 points;
• commission – from $0.5 per lot;
• MT4, MT5;
• types of trading: independent, investment (2.5% per annum);
• trading instruments: currency, oil, CFD NYSE, CFD NASDAQ, metals, stock indices;
• The maximum number of lots is unlimited.

CLASSIC:

• minimum deposit – $50;
• leverage – up to 1:500;
• floating spread – from 1.8 points;
• commission - no;
• MT4, MT5;
• trade – independent;
• the same trading instruments;
• The maximum number of lots is unlimited.

Advantages:

1. Official representative offices in more than 15 countries.
2. There is Social Trading – a platform for copying trades.
3. Payment system fees are reimbursed.
4. Competitions with valuable prizes are constantly held.
5. Islamic accounts.
6. One-click trading, etc.

Deposits and withdrawals are carried out using electronic payment systems, bank transfers, and bank cards.

Other tools: trader's calculator, analytics, economic news, Fibonacci calculator, economic calendar.

On the site you can learn to trade Forex. There is a large selection of educational articles, a Forex textbook, webinars, a glossary, Forex books and training on basic strategies.

The site has been translated into 13 languages, including Russian and English.

You can read reviews from real people and their experience of working with a broker, for example, on Brokers.best:

On Forex-ratings:

Possibility of replenishing a brokerage account

A very important parameter. For example, you wanted to top up your brokerage account, but the broker’s office is not in your city. Transferring money to an account using the details is such a task. Moreover, commissions must be paid to banks providing such services. And bank commissions simply stifle citizens.

In my opinion, the coolest way is to go to the office with money. I don’t take into account that we are going there on a tram with a bag of money. But it’s more reliable that they will arrive accurately and there will be no commissions.

I don't think you'll do this often. After all, everyone came to the exchange just to accelerate the initial deposit and grow it to cosmic figures. Well, maximum once a year you will report money to the brokerage account.

But I also like the service of transferring money through a mobile application from some brokers. But there will be a commission to another bank too. There is no escape from this.

I don’t see any point in opening cards from banks of the same broker that are part of the same financial group. The fewer different cards, the better.

This is approximately what I found from our brokers.

BKS

1. From a card of any bank in the “My Broker” application
2. By bank transfer using the details from any bank account
3. Through BCS cash desks
4. Free transfer from the "Broker" card in your personal account "BCS Online"

Opening

1. Transfer from a bank account
2. Transfer of funds from another professional participant in the securities market
3. Top up your account remotely using online banking
4. Top up your account remotely with any other money transfer, if you can specify bank details during the transfer

Keith Finance

1. You can deposit funds by bank transfer through any bank.

Finam

1. Cashless transfer from a bank account
2. Through the cash desk of Bank FINAM
3. Using a bank card (0% commission) from a FINAM Bank debit card
4. Using a bank card when topping up from a bank card of any third-party bank (1%)

Here, as they say, everyone has their own option. I very rarely deposit money into a brokerage account, so I prefer the option of depositing money through the broker’s cash desk in the office. This is such a strange preference I have!

Alfa-Forex

Alfa-Forex is a licensed Forex dealer established by Alfa-Bank. License of the Central Bank of the Russian Federation (CB) dated 2020.

29 trading instruments + rubles and the MT5 platform with a mobile version make it easier to work on the site. One of the new features is telephone dealing - a trader can open and close transactions by calling.

Spreads – from 1.6 points, depending on which currency pair or instrument is selected.

Leverage – up to 1:40. Stop out level – 85%.

This is one of the few brokers that does not limit the minimum deposit size.

Legal restrictions do not make it possible to use a PAMM account.

The broker calculates tax from clients’ income: traders from Russia pay 13%, from other countries – 30%.

Withdrawal and deposit of funds are carried out via bank transfer and using Visa cards. The withdrawal fee depends on the chosen bank; payment processing takes 1–2 days.

Alfa-Forex is aimed at experienced traders, as there are few educational materials here. But you can practice on a demo account.

Disadvantages include:

• a small number of trading instruments;
• high commission;
• limited number of tools for withdrawal of funds.

Who can become a client of Alfa-Forex?

An individual (not an individual entrepreneur) who is a citizen of the Russian Federation, has reached 18 years of age, has full legal capacity and in respect of whom there are no court decisions recognizing his inability to fulfill financial obligations and make payments to creditors.

At first glance, the company seems quite reliable. You can see honest reviews on the Brokers.best website:

Access to foreign securities

Now I’m thinking about getting into trading on foreign exchanges. I'm just interested in comparing our dismal market with the American market. I would like to see super cool and long-term trends, etc. And now the factor that is important to me is whether the broker has access to foreign sites.

Do you understand where I'm going with this conversation? By the way, this is the argument and example I spoke at the beginning of the article. A trader grows, evolves and can expand his field of activity.

Broker Aton LLC is knocked off our list of brokers. I would like to start trading on the American market with smaller amounts of money.

Trading apps

Just a few years ago, the most popular terminal for individual investors was the QUIK platform. Many people still use it today, but broker mobile applications are becoming more and more widespread for making transactions on the stock exchange.

In an ideal situation, the client has maximum choice: he can trade both through the broker’s native application and through third-party terminals. Both a web version and applications for computers and mobile phones are available.

In the table below I show what our top brokers provide to their clients as software.

Here it is very difficult to remove someone from the list for the title of “best broker in Russia”. I only trade in the Quik terminal and I don’t need any, not even mobile versions of Quik. Therefore, it would be wrong to remove a broker with modest software from the list.

But for yourself, you can already note what you would like to use for your trading.

For now it's decided! We leave all brokers for further struggle.

TOP 5 best brokers in the stock market

So, now let’s look at the stock brokers themselves in the form of a TOP list. Of course, everyone has their own evaluation criteria; we proceeded from what interests the majority of clients primarily. Let us immediately note:

1. All brokers presented in the list are licensed by the Central Bank of the Russian Federation.
2. Each of them has been working on the market for more than 10 years, so the details are not that important, as was noted earlier.
3. Each broker has a deposit and withdrawal method only through the bank. No EPS, everything is strictly according to the regulations.
4. All brokers work with the Individual Investment Account program.

So we will consider individual characteristics, which can be both a strength and a weakness. Let's start with the industry leader, who, in our opinion, heads the rating of the Best Brokers in Russia 2020 .

VTB Broker

VTB Broker

1. Broker website broker.vtb.ru
2. The number of active clients is more than 37,000.
3. The volume of transactions for the month is more than 180,000,000,000 rubles.
4. QUIK and VTB Investments terminals.
5. Minimum deposit from 1000 rubles.
6. Commission from 0.0513% of the transaction amount.
7. It is possible to open an account online.
8. Connection to the MICEX and the St. Petersburg Stock Exchange.
9. The depository depends on the type of account, there is a free one, there is 150 rubles.
10. Depositing and withdrawing in rubles is free within VTB, money from withdrawal comes the next day.

BROKER REVIEW

We consider the combination of all the qualities of this broker to be as convenient as possible and suitable for both an active trader and someone who just wants to buy a couple of OFZs. Let us note the access to trading in foreign securities, as well as the ease of working with VTB Bank itself - there are many ATMs, branches too, and the bank itself is very large. The only downside is that the support service doesn't have a very high level of understanding of trading. Nevertheless, they always try to help, and not to smuggle something in, this is important. Anyone who has traded with others knows what a personal manager who is interested in promoting a product is.

Sberbank

Sberbank

1. Broker's website: sberbank.ru
2. The number of active clients is more than 62,000.
3. The volume of transactions for the month is 176,000,000,000 rubles.
4. QUIK and Sberbank Investor terminals.
5. There is no minimum deposit, that is, conditionally from 0 rubles.
6. Commission from 0.06% of turnover.
7. It is possible to open an account online.
8. Connection only to MICEX.
9. There is no depository fee.
10. Deposits and withdrawals from Sberbank cards are free, but commissions are charged from third parties. Receipt of withdrawals the next day.

BROKER REVIEW

For most people, the name Sberbank is already 90% of the decision making point. On the one hand, this is logical - Sberbank is the largest bank in the country and one of the largest in the world. Therefore, everything is in order with financial stability there. But everywhere is fine, so this is more of a prejudice, because a broker is just an intermediary. Be that as it may, Sberbank is the leader in terms of active clients, but the turnover is not very large. This suggests that it is not the best choice for active trading. The downside is the lack of access to the St. Petersburg stock exchange. We put it in second place in the list of “Best stock brokers in Russia” for ease of use; Sberbank is everywhere.

Finam

FINAM

1. Broker website broker.finam.ru
2. The number of active clients is small - 24,000.
3. The volume of transactions for the month is 98,000,000,000 rubles.
4. QUIK and Finam Trade terminals.
5. There is no minimum deposit as in Sberbank.
6. The commission is from 0.01% of turnover.
7. It is possible to open an account online.
8. Connection to MICEX, St. Petersburg, NYSE and NASDAQ.
9. The depository is free if there has been no trading activity for a month, otherwise it costs 177 rubles.
10. Depositing and withdrawing funds is free in rubles, third-party banks have a commission, the withdrawn funds will arrive the next day.

A huge and unconditional advantage of FINAM is its connection to American sites. This is what allows the broker to be a stable middle peasant, given that such giants as Sberbank and VTB operate in the industry. But, in the Best Stock Brokers in Russia, we placed it in 3rd place for a simple reason - very intrusive support from managers, and it is also extremely difficult for a beginner to figure out which tariff to choose. This was probably done for a specific purpose, since the commissions on many tariffs are quite high. At the same time, if there is no activity, we do not pay for the depository.

BKS

BKS

1. Broker website broker.ru
2. The number of active clients is about 25,000.
3. The volume of transactions for the month is almost 600,000,000,000 rubles.
4. QUIK and BKS Broker terminals, as well as pocketQuik.
5. Minimum deposit from 0 rubles.
6. Commission from 0.3% of turnover.
7. You can open an account online.
8. Connection to MICEX, St. Petersburg, NYSE and NASDAQ.
9. Depending on the tariff, the depository is free or 177 rubles if there is trading activity for the month.
10. Deposits and withdrawals are free in rubles; fees may apply to other bank accounts.

We included BCS in the 4th position in the Best Stock Brokers in Russia 2020 because it is more aimed at professionals. By the way, this is clearly indicated by the ratio of turnover to the number of clients. That is, this broker is more designed for active traders or large amounts. This is also confirmed by the tariff plans. The big advantages include the presence of a connection to American exchanges, as well as very, very qualified support, which really understands its field of activity and stands out from the rest.

Tinkoff

Tinkoff

1. Broker website tinkoff.ru
2. The number of active clients is 57,000.
3. The volume of transactions for the month is 40,000,000,000 rubles.
4. QUIK and Tinkoff Investments terminals.
5. Minimum deposit from 0 rubles.
6. Commission from 0.025% for high turnover and up to 0.3%.
7. You can open an account online, there is the possibility of courier delivery of documents and Tinkoff cards.
8. Connection to MICEX and St. Petersburg.
9. Depository from 99 rubles and in some cases free, it all depends on the tariff.
10. Depositing and withdrawing funds in rubles is free.

Tinkoff is developing very quickly, the number of clients is growing rapidly. This is partly the result of a quality marketing campaign and fairly competent support. There was once a saying that even a housewife could understand Tinkoff Investments. Perhaps this is true, which is why this broker closes our top five stock brokers in Russia. It’s too early to claim leadership, there are shortcomings - high commissions, slow analysis of financial issues with clients. But the development model itself is interesting and has potential, that’s for sure. Perhaps Tinkoff will soon become a leader in certain indicators.

The minimum amount of money a client has in a brokerage account and commissions in the form of subscription fees

Minimum entry threshold and subscription fees

As we can see from the table below, almost all brokers have abandoned the minimum threshold for entering trading on the exchange. The minimum threshold refers to the minimum amount of money that you deposit into your brokerage account for trading.

Previously, brokers had it from 30,000 to 100,000 rubles. But competition forces us to make more flexible conditions for clients, otherwise the client will go to a competitor, and this is already a disaster for any broker.)

However, it is clear from the table “Minimum threshold for entry and subscription fees” that brokers are trying in one way or another to take some kind of subscription fee from their clients under any pretext.

Some brokers charge a fee if, as a result of trading, trading commissions for volume do not exceed a minimum threshold.

For example: You have a total of 29,000 rubles in your account. And the broker has a condition in his tariffs that if the amount in the brokerage account is less than 30,000 rubles, you must pay him, for example, 100 rubles monthly.

Others only charge if at least one transaction is made during the month. If there are no transactions, no commission is taken.

And this monthly fee feature is one of the sources of income for any broker.

Let's look at other sources of broker income. I think it’s obvious that we won’t be able to remove anyone from the list in this section either. All brokers take a monthly tribute from us, their clients, under various pretexts.

Transaction fees

Important! When buying or selling securities, the broker takes a commission in the form of a percentage of the money turnover. When trading futures contracts, there is usually a fixed amount per contract, etc.

You must understand that when trading different assets on the market and on different platforms, the methods for calculating the brokerage commission are different.

Important! We do not take into account exchange commissions. Its size is 0.01% of the operation volume. And no broker can change it. Everyone will have the same commission. (Futures have different exchange commissions. We’ll look at them briefly later in this article.)

Statement of the exchange commission from clients when trading (from the Moscow Exchange website)
When trading futures, the most accurate and correct figure about the exchange commission will be in the passport for the futures itself.

Extract from the passport of the dollar/ruble futures contract

Depository fee

There may be no fee, a percentage of capital, or a monthly fee. Very often, promotional materials for a particular tariff do not say anything about it. But this does not mean at all that it does not exist. This is simply a marketing ploy for the client’s first acquaintance with the broker.

In this regard, I liked the Kit-Finance broker. Their website has fairly simple and clear navigation.

Extract from the official website of the broker Kit-Finance

We open the information on the depository and see that everything is clearly and clearly written.

But this is not always obvious to brokers. Kit-Finance is simply handsome in this matter!

You can also look at this information for other brokers when analyzing. It is very difficult to write for each, because in some tariffs it is a separate figure, in other tariffs it is already included in the subscription fee.

Here everything needs to be calculated individually. I give an approximate diagram of how to do an analysis based on tariffs at the end of the article. You can use this as a template.

Main criteria for selecting a broker

What should you pay attention to?

Before choosing the right broker (the one that’s right for you), you need to clearly understand what your trading style will be. Or which category do you consider yourself to be in:

• speculator - frequent, almost daily transactions;
• trader or medium-term investor - several transactions per week, maybe per month. But in any case, trading is carried out every month.
• long-term investor - several transactions per year.

Additionally. How much capital do you have? Will you withdraw and deposit funds to a brokerage account? Approximately what amounts and frequency.

The same broker can be beneficial for the trader. But it is completely ruinous for a passive investor. And vice versa.

What's the logic?

We come down to trading costs. The main ones are:

• transaction fee - a percentage of the transaction amount;
• depository fee;
• the minimum monthly fee that a client is required to pay to a broker.

Absolutely all brokers have the first expense item On average for the market it is approximately the same. The “scatter” is 30-50%.

Depository services. For some, the fee is “hardwired” into the commission for operations and does not seem to be collected. Others take some minimum level. Still others charge the client in full. As a result, the commission level can range from zero to several hundred per month.

Third point. As well as depository costs - fees can vary from zero to 200-300 per month and above. Typically, the client is deducted the amount minus any trading expenses incurred for the current month.

For example, the minimum fee is 200 rubles. And the trader paid commissions for transactions of 150 rubles (buying and selling securities). At the end of the month, the broker will write off an additional 50 rubles.

Let's return to our sheep.

Let's consider the opposite situations.

There are 2 players: a trader and an investor. Each one has 100 thousand rubles.

There are 2 brokers, with different trading conditions.

Question. Who has better conditions?

A trader makes several trades a day. Turning capital several times over a month (or even tens or hundreds of times).

Trades every day. In the morning I bought it for a hundred thousand. In the evening I sold it for 100 thousand. There are 20 trading days in a month.

Total: his monthly trade turnover will be 4 million rubles.

For him, what is most important is the level of commissions for transactions. Other expenses are secondary.

If the broker's rate is 0.05%, the trader's expenses will be 2,000 rubles per month.

If a trader chooses a broker with a commission of 0.025%, he immediately saves 1,000 rubles. Even if he has a depository fee - 200 rubles per month. All the same, the trader will be like “in the black” +800 rubles, his benefit, compared to the first broker.

The position of a long-term investor will be exactly the opposite. He only needs to buy it once. For the entire amount.

At broker A he will pay 50 rubles (0.05% of 100 thousand). Broker B has 25 rubles (0.025%). The difference is small.

Depository - either zero or 200 rubles.

Total: costs are 50 rubles for the first broker versus 225 for the second (with a depository). The difference in costs is 4.5 times!

Separately, it is necessary to note such a concept as an active month. Usually, if there were purchase and sale transactions in a month, the depository counter is turned on. If there were no transactions, no fee is charged.

And here we gradually approach such a thing as replenishing a brokerage account with your own money.

For example, an investor replenishes the account with an additional 10,000 rubles monthly.

In transaction fees it will be 5 and 2.5 rubles, respectively. But taking into account mandatory depositary expenses, we get a simply colossal gap of 40 times!!! Five rubles against 202.5!!!

Plus, it is possible for money to flow into the brokerage account not only from yourself. But also in the form of dividends and coupons.

And you will either have to pay an additional 200 rubles monthly for the depository if you need to reinvest the profits. Or reduce the number of active months in a year. For example, make transactions once a quarter or less often.

Conclusion. What is important for an investor is, first of all, the absence of mandatory fixed payments in the form of a subscription fee or a depository. Transaction fees are of secondary importance.

This is not a postulate, but a general rule. Some kind of average. But as always, there are many exceptions.

For example, for players in large sums.

I have, say, a couple of million. I want to make a one-time investment for a long time. In the growth of assets or receiving small passive income from dividends or bonds. Which I will display.

My one-time expenses for the purchase of securities will be from broker A - 1,000 rubles (0.05% of 2 million) and from broker A - 700 rubles (500 per turnover (0.025%) + 200 rubles depositary).

Ideal tariff for a simple investor

There is no such tariff!

This is where the difficulty lies. But don’t be discouraged, remember three parameters that will help you choose such a tariff specifically for your trading. And we have already discussed them above.

1. No monthly minimum fee
2. Low commissions for your trades
3. No depository fee

And by the way, when working through these three parameters, immediately discard super expensive tariffs with analytics or a personal broker, or super cool software platforms.

If you don't know how to trade, then none of this will help you. You'll just end up paying every month for something you can do without.

conclusions

Here I will express a purely personal opinion.

1. There must be a license, but it should not limit your trading opportunities;
2. Trading conditions must be suitable for your trading system or robot;
3. For trading on cent accounts, the best ones are Roboforex, Weltrade, Forex4yu;
4. For investments Alpari, GerchikKo.
5. To copy RoboForex and Forex4you

Additionally, I advise you to study the article “How to choose a Forex broker“

Share or save:

• Telegram

The most reliable brokers according to investment ratings

It’s no coincidence that I didn’t start the article with ratings. I'm so skeptical about ratings. After all, if you rely on them, you will have to delve into the calculations and parameters of these very ratings. Moreover, it is possible to inflate these same ratings for selfish purposes. But now that we have identified a narrow circle of brokers that are normal for work, we can look at their ratings, just in case.

Typically, a broker's reliability rating has the following symbols: AAA+, AAA, AAA-, BBB, CCC, and so on. Ideally, the higher the rating, the more reliable the broker.

Let's look at the website of the National Rating Agency to see which of our five are on this list and in what place.

And the Moscow Exchange website also has its own rating, which includes all of our five brokers.

To my surprise and not surprise, the National Agency's rating practically coincided with my analysis. So we are going with you in the right direction!

Which broker is best for a beginner? A specific case with calculations.

General selection of tariffs for me from the best brokers in Russia

What's next?

It seems that the list of brokers has been significantly reduced, but it is still not clear who to choose.

Also important is customer service and maximum availability, which includes a free hotline and the ability to resolve any issue very quickly over the phone. All four have no problems with telephone availability.

Which means, I repeat, there is no ideal broker.

Each person will have their own ideal broker. And even if you are a beginner, the selection criteria will be the same as for an experienced trader. If it is present on the Moscow Exchange, then it is already reliable.

And I give you the following recommendations:

1. You can choose one of the four brokers who remained with us after my subjective selection.
2. After determining your personal plan for developing yourself as a trader on the stock exchange, you can choose the optimal plan from any of these brokers. You don't need to go to their office to do this. You can find out by calling a financial advisor.

You don't have to stop with the first broker you call. Don't be lazy to call all four. And, having compared the optimal offer on paper, choose a suitable broker.

For example, I now trade only futures on the Derivatives Market of the Moscow Exchange, then:

1. I don't need the stock market
2. I don't need the foreign exchange market
3. But I need charts of Stock and Foreign Exchange market instruments for analysis!
4. I don't need any paid analytics or paid consulting
5. What is important to me is very powerful remote telephone support with employees who understand perfectly the problem that I can clumsily explain.
6. It is important for me to get through to the broker very quickly, and not like the Sberbank broker (you can hang on the wire for hours).
7. Fast withdrawal of money to the card is important to me
8. It is important for me to quickly receive money as a deposit to a brokerage account
9. I don't care about any programs or mobile applications. Grabs Quik.

This all, as you understand, concerns the Derivatives Market. The question may arise: “Which broker to choose for trading on the Stock market?” To do this, we slightly change the phrases in the questions posed and, using the same scheme that will be below, we look for the answer for ourselves. It's simple!

So, let's go look for the best one for me from this four! Let's calculate the commission when trading 1 futures contract, and then 20 futures contracts.

Since brokers’ websites are crazy about tariffs: everything is confusing and somehow incomprehensible, I started calling our four brokers.

I started calling the Otkritie broker’s toll-free number from about two o’clock in the afternoon Moscow time and never got through. The answering machine always says that all operators are busy.

Okay, busy so busy.

I called the broker Finam. I got through right away and asked for the tariffs I was interested in to meet my requirements to be sent to me by email.

In a couple of minutes, they found me a tariff for futures with a fee of 0.45 rubles per contract. True, there is a subscription fee for maintaining an account of 177 rubles per month.

I called the Otkritie broker again and the answering machine reported that all the specialists were busy.

I'm calling the BCS broker. I called right away. She clarified my understanding of the tariffs to ensure they were correct and chose the optimal one for myself.

I have pre-selected the “Investor” tariff for now.

I call the Otkritie broker again. Another answering machine.

Broker Otkritie is dropped from the list for the title of best broker in Russia.

Moreover, on the website I found such information on the tariffs I was interested in. The “Universal” tariff for trading futures contracts is 0.74 rubles. And this is already more expensive than the Finam broker.

I say to the Otkritie broker: “Come on, goodbye!”

According to Kit Finance everything is very clear. I didn't even have to call. All the information is very simple on the website and without complicated tariffs.

So, we have chosen more or less suitable tariffs for trading only futures on the Derivatives Market of the Moscow Exchange with the best brokers in the country.

It seems that they are all good and profitable. But this is only at first glance.

We choose a specific tariff for trading on the stock exchange from the best brokers in Russia

In order to choose the best tariff, and therefore the broker, we need to determine such a trading parameter as the number of transactions per month.

In my case, this is usually no more than 30 (even with a reserve, I take the number) transactions per month. But to choose a tariff, you need to multiply this figure by two.

Why do you need to multiply by two?

The answer is simple. Because we open any transaction and pay a commission. And then we close this deal and again pay a commission to the broker.

This means that my parameter “Number of transactions per month” is 60.

We consider the benefits of the Kit-Universal tariff of the Kit-Finance broker for my trading.

0.65*60*1=39 rubles is the entire commission to the broker for trading one futures.

0.65*60*20=780 rubles is the entire commission to the broker for trading in each of 30 open and then closed transactions with 20 futures contracts.

But!

Broker Kit-Finance has a clause in the tariff that if the total commission for a month does not exceed 200 rubles, then they will charge the missing amount from the brokerage account.

The total amount of commissions from the Kit-Finance broker when I trade 1 futures per month will be a maximum of 200 rubles. When trading 20 futures, the commission will be 780 rubles.

We consider the benefits of the “Day” tariff of the Finam broker for my trading.

This tariff includes a mandatory subscription fee for maintaining an account. It is 177 rubles.

For a transaction of one futures contract, the commission is 0.45 rubles.

What happens then?

(0.45*60)*1+177=204 rubles. When trading 1 futures.

(0.45*60)*20+177=717 rubles when trading 20 futures.

Already 4 rubles more than the Kit-Finance broker when trading 1 futures. And when trading 20 futures, it is 780-717 = 67 rubles cheaper.

But again, here it is better to look at your dynamics of the number of entries for about a month.

I took 30 entries with a reserve. In fact, I have fewer entries. You can clearly see which of these two brokers is better from this table. In my calculations, I take trading 1 futures.

Let's analyze the chain of tariffs from the BCS broker for my trading.

The BCS broker has three interesting tariffs for me when trading futures on the Moscow Exchange. If Finam only liked one tariff out of all the tariffs, Kit-Finance has only one tariff, then the BCS broker has many of them. But interesting three:

1. Tariff "Trader"
2. Tariff "Investor"
3. Tariff "InvestorPro"

Analysis of the “Trader” tariff of the BCS broker

Let’s look at the “Trader” tariff of the BCS broker. Let's look at the extract from the official website of BCS according to the tariff:

The total amount of commissions to the broker is:

(1*60)*1+199=259 rubles when trading 1 futures

(1*60)*20+199=1399 rubles when trading 20 futures

Let's look at the extract from the official website of BCS for the "Investor" tariff:

Analysis of the “Investor” tariff of the BCS broker

Important! Here you need to look not only at the amount of commissions per month for 30+30 transactions. Otherwise, it will be more difficult to understand whether the tariff is beneficial for me or not?

We calculate the total amount of commissions to the BCS broker:

3*60*1=180 rubles - with the number of transactions 30+30 per month when trading 1 futures

3*60*20=3,600 rubles when trading 30+30 per month when trading 20 futures

3*40*1=120 rubles with the number of transactions 20+20 per month when trading 1 futures

3*40*20=2400 rubles with the number of transactions 20+20 per month when trading 20 futures

3*16*1=48 rubles with the number of transactions 8+8 per month when trading 1 futures

3*16*20=960 rubles with the number of transactions 8+8 per month when trading 20 futures.

Important! I usually have about 8 transactions per month. But the figure of 960 rubles is higher than the figure of the broker Kit-Finance (780 rubles) and Finam (540 rubles)

Analysis of the "InvestorPro" tariff of the BCS broker

The huge subscription fee immediately catches your eye. And if your brokerage account is up to 900,000 rubles, then the commission for one futures contract will be as much as 5 rubles. And even if you have 5 million-10 million rubles in your account, you still spend a lot on commissions. I think I will make a more detailed comparison in a separate article, but for now this tariff loses in the ranking of the optimal tariff for futures trading.

(5*60)*1+299=599 rubles. With my number of transactions per month being 30+30, the commission turns out to be super cosmic even when trading 1 futures.

(5*60)*20+199=6199 rubles. With my number of transactions per month being 30+30, the commission turns out to be super-super cosmic when trading 20 futures.

Conclusion according to three tariffs of the BCS broker

1. According to the “Trader” tariff, the total commission per month is 259 rubles with a subscription fee for 30+30 transactions per month when trading 1 futures
2. According to the “Investor” tariff, the total commission per month is 180 rubles without a subscription fee for 30+30 transactions per month when trading 1 futures
3. According to the InvestorPro tariff, the total commission per month is 599 rubles with a subscription fee for 30+30 transactions per month when trading 1 futures

But we won’t trade one futures all our lives. While we are learning, we are trading one futures. And when we learn, we will trade 20 futures. despite the fact that I took 20 futures into account for futures with GO for approximately 5,000 rubles.

In some transactions out of these 20 settlements, the commission will be less, since the number of futures will be less due to the large GO.

Broker tariffs

I reviewed the rates and other trading conditions of several major brokers. I don’t see any point in analyzing “trifles.” You don’t want to jump from broker to broker later (in case of force majeure).

I “found out” the received information on the official websites of brokers. As practice has shown, some bury full terms and conditions deep in the depths of sites. And finding it can be very difficult.

Somewhere I called the brokers' hotline to clarify some questions. I talked with acquaintances and friends (some didn’t even know the trading conditions of their broker and how much they pay in commissions)))). I got information from forums from “experienced” clients.

I will say right away that there is a possibility of error. I looked somewhere in the wrong place. I didn't see something. The broker's representative may have been misleading. Perhaps the broker has changed the rates over time. And so on. etc. Signal if there is incorrect information. I would be very grateful.

Whenever possible, I will keep information about current brokerage conditions up to date.

ITI Capital

Deposit costs depend on the chosen tariff. Out of three. Based on your intended trading style. Trader or long-term investor.

The tariff for legal entities is indicated in brackets.

The fee is charged as a flat fee + a percentage of the amount on the account.

We get, in addition to fixed depository expenses, for every 100 thousand assets, you need to pay a plus to the broker for each month:

• Speculator - 25 rubles;
• Basic - 12.5 rubles;
• Investment - 5 rubles.

Additionally, a one-time commission is charged on the day of the transaction:

• according to the Investor tariff +100 rubles;
• Speculator tariff - 30 rubles for each issuer.

Transaction fees start at 0.035% of the amount. The minimum commission for a transaction is 0.1 ruble.

There is access to St. Petersburg. Commissions - 0.035% on liquid shares (top 15). And 0.06% of the rest.

Commission for the purchase of Eurobonds is 0.15%.

Tariffs: https://iticapital.ru/tariffs/brokerage/stock-market/

Broker fees for transactions are among the lowest on the market. In fact, it turns out to be 0.025% (minus the Moscow Exchange commission, which is included in the tariff).

But the depository failed.

The broker will be of interest primarily to traders. Performing intraday transactions (without changing the depository register).

But for long-term investors it is a bit expensive.

Mandatory payment of 100 rubles on the day of the transaction - once. If you completed several active trading days in a month, your fee has increased significantly!

Plus a relative fee in the form of a percentage of the amount of securities in the portfolio. As your assets grow, your monthly fee will increase. Especially for IIS.

From 400 thousand - 20 rubles. 800 thousand - 40, 1.2 million - 60 and so on. Moreover, regardless of the availability of transactions.

And the last nail or control nail in the head...

The broker charges a commission for calculating and transferring dividends and coupons - 0.5 - 1.5% of the income amount.

RESULT. For very, very rare transactions. Small capital. Perhaps you can also consider a broker.

Keith Finance

The minimum amount to open an account is 10,000 rubles.

Access to the Moscow Exchange and St. Petersburg. Single tariff.

Commission - 0.048% per transaction.

There is a minimum monthly fee for maintaining an account - 200 rubles. Reduced by the amount of commissions paid per month for completed transactions.

200 rubles are debited every month. Regardless of activity.

Withdrawing rubles from a brokerage account is free.

In other currencies: commission 0.05 - 0.5% + fixed. 2500 rubles.

By the way, the bank itself has been experiencing certain problems lately. First of all financial. As a result, the credit rating from global agencies was reduced.

Opening and transferring IIS - yes. Withdrawals from IIS (coupons and dividends) - yes. The minimum fee of 200 rubles per month does not apply to IIS. We trade for free (we only pay commissions for transactions).

The main MINUS. Mandatory monthly fee of 200 rubles + inconvenience of depositing and withdrawing funds.

PSB

The maximum commission for transactions is 0.05% (PSB DAY tariff) and 0.08% (PSB MONTH tariff).

There is no fee for maintaining an account.

A small plus. Every 6 months, the broker gives a 1% discount on commissions. You can accumulate no more than 10%.

There is no deposit fee. Info from the official website.

I was confused by the discrepancy between the information and what the broker’s clients wrote on the forums. According to them, the broker is writing off some money.

I called PSB. The bank manager confirmed that there is a minimum fee for the upstream depository. According to him, for every 100 thousand assets in the account - 12 rubles per year!!!!

Access only to the Moscow Exchange.

Account opening is semi-online. You must visit the office to sign documents.

The main disadvantage of the PSB broker (at least for me) is the ban on trading in foreign securities.

This definition includes ETFs (including those from Finex), Eurobonds, depositary receipts (the same Pyaterochka - X5 RetailGroup will be unavailable, ROS AGRO, Yandex, Qiwi and others).

Link to the full PSB sanctions list

Deposit funds without commission.

Withdrawal to a card or account within the bank is free. Further …. PSB's bank cards are all paid (if you complete a certain amount of plastic turnover, such as spending several tens of thousands per month on a card, you get free service).

According to a subscriber:

At PSB you can get a free Target card if you have a brokerage account. However, this will require persistence with the bank employee.

Interbank (transfer from account to account according to details) - 0.5% of the amount of funds withdrawn.

Or free of charge through the cash register (but this is already completely retrograde).

Translation of IIS - yes. For free.

Withdrawal of coupons and dividends from IIS. Not available yet. In the process of launching opportunities. The estimated implementation period is July-August 2019.

Since March 2020, it has become possible to withdraw coupon and dividend payments from IIS to a bank account in PSB.

Tariffs - https://www.psbinvest.ru/tarify_services/

Conclusions.

In terms of reliability - the top bar. The bank is owned by the state. Serves the military and other defense of the country. Included in the list of systemically important banks in Russia.

The absence of depositary expenses (virtually) is a BOLD PLUS .

The lack of certain securities from the broker, primarily ETFs (you can live without the rest) is very, very bad for me.

Inconvenience or additional costs when withdrawing funds from your account.

If not for these two facts, the broker could be considered ideal for investing.

For opening an individual investment account and buying bonds, I think this is one of the best options. When closing an IIS, you can come to the bank once and withdraw the money (so as not to pay 0.5%).

I'm leaving this as a note for myself. Perhaps I’ll open a brokerage account with him as well. I will buy Russian shares and bonds.

VTB

Possibility of opening an account online - yes (for existing bank clients). For new ones - only when visiting certain branches (you need to check on the hotline where exactly).

Transfer of IIS from another broker is available. Free (from VTB). Mandatory office visit.

Withdrawing coupons and bonds from IIS to a bank account - yes. When concluding an agreement for brokerage services, a free card is issued (if there is none), to which money will be received. Withdrawal without commission.

The basic commission for transactions is 0.0413%. Or with active trading it will decrease.

Basic costs for a depository are 150 rubles per month. If there are no transactions, no commission is taken.

VTB broker has the opportunity to reduce the depository commission several times (up to 30 rubles per month).

There are discounts for bank shareholders. ))))

We buy VTB shares for our portfolio and here it is - saving on commissions.

How many shares should I buy and what will the actual fee be?

• up to 1.5 million shares VTB reduces the fee to 105 rubles per month;
• range from 1.5 to 45 million shares - fee 60 rubles;
• from 45 million - we pay only 30 rubles.

The numbers are scary! 45 million shares! And 1.5 million doesn’t sound like much. How much will this be in money?

Calm down, don't panic!

VTB shares are quoted in kopecks. The current rate is 0.035575 rubles per share. Or 3.5 kopecks.))))

We convert it to the total cost and get:

• we have shares worth up to 52,000 rubles on the account - depository 105 rubles;
• from 52 to 1.6 million - 60 rubles per month;
• from 1.6 million - 30 rubles.

You can get 105 rubles a month quite easily. I bought one lot of VTB shares (costs 350 rubles). And we save 45 a month. Will finish in 8 months.

For those whose finances allow it, it would be optimal to collect half a hundred thousand rubles worth of shares. I like this option better.

Access to St. Petersburg and purchase of Eurobonds - yes.

Conclusions.

1. Reliable state bank.
2. Average commissions for transactions.
3. There is a depositary commission. This is bad. The ability to get down to 60 (or at least 105) is good.

Added 07/3/2019.

Since June, VTB has expanded its line of tariffs with a new one - “My Online” (details here).

• Fixed fee for all transactions - 0.05%.
• Depository services - no fee.

Opens for a regular brokerage account and for an individual investment account.

SBERBANK

Depository - 149 rubles per month (for transactions).

Opening an account online - yes (you need to be a client of the bank).

When calling the hotline, I pretended to be a teapot. There is no card from your bank. I am not a client. Is it possible to open an account without visiting the office?

Marinka was very surprised (even probably confused):

• Are you a citizen of the Russian Federation? YES.
• Don't you have a Sberbank card? NO.
• You will have to come to the office. We will give you plastic (not personalized free). Register with Sberbank online. Then you can open a brokerage account.
• Why do I need plastic? Maybe it’s possible without it? - No. How do we authorize you in the system?
• Well, I’ll provide you with a passport and other documents. Or you can log in through the State Services portal (like other brokers). 10 second pause... No, It is Immpossible. We don't do that.

Possibility of withdrawal from IIS - yes. Free to Sberbank. To other banks 1% of the transfer amount (minimum 50, maximum 1000 rubles).

There is no monthly minimum fee (excluding escrow costs).

Broker Sberbank offers 2 tariffs:

• Independent;
• Investment.

Turnover is indicated daily.

What is the difference? But there is no difference. In addition to subscribing to Sberbank analytics. Otherwise, prices and other services for the two tariffs are identical.

By the way, until recently, Sber had a tariff of 0.125% per transaction (which is much higher than the market average). We can say that the broker is starting to turn his face to the clients.

After digging through the tariffs, I found an interesting paid service - providing a USB key for online trading. For 1990 rubles.

I called the bank's hotline. And here's an incident - THREE talking heads could not answer the question. They switched to each other. As a result, after 15 minutes of conversation I got to an adequate specialist.

1900 rubles were charged for access to the ancient Kwik. At the moment this is not relevant. And there is no fee.

Access to St. Petersburg, purchase of Eurobonds - NO.

Tariffs here: https://www.sberbank.ru/ru/person/investments/broker_service/tarifs#finin

Conclusions:

1. Reliability 5 plus. Trade through the main bank of the country. No comments.
2. Convenient to deposit and withdraw money. There are ATMs on every corner (if you are not friends with C2C and interbank transfers).
3. Commissions for transactions are slightly above average (Self tariff). But not critical.
4. The depository fee drags the broker down in terms of profitability.
5. No access to SBP. It's also not critical. But you can put a small minus.

When choosing between Sberbank and VTB, the advantage of the second is complete stuffing (access to St. Petersburg) + lower commissions compared to its competitor.

Good news! From September 1, 2020, Sberbank has completely canceled the fee for depository services (149 rubles per month). And in terms of the reliability/tariff ratio, it can probably be put in first place!

Uralsib

There is no depository fee as such. Covered in the broker's commission for operations.

The basic commission for transactions is 0.0472%. With different turnover (daily or monthly), the rate decreases.

The choice is limited to two tariffs: Basic and Daily.

The “ 15 best .”

With a monthly turnover of less than half a million, the broker does not charge commissions for transactions. Only the basic one from the Moscow Exchange - 0.01%.