All Share (J203) = 89 898
Rand / Dollar = 18.22
Rand / Pound = 23.58
Rand / Euro = 19.64
Gold (usd/oz) = 3 083
Platinum (usd/oz) = 988.31
Brent (usd/barrel) = 73.28
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

VTB24 Forex Fees and Spreads

 

VTB24 Forex Fees and Spreads

 

VTB24 Forex Fees and Spreads offer a selection of commission-free and commission-based account types.VTB24 Forex’s spreads start from 3 pips on EUR/USD.VTB24 Forex does not offer spread betting and thus spread betting fees do not apply.

 

VTB24 at a Glance

 

🔎 Broker's NameVTB24 Forex
📍 HeadquarteredMoscow, Russia
📅 Year Founded2016
⚖️ Regulating AuthoritiesFSCM of Russia
🌐 Countries not accepted for tradeUnited States
☪️ Islamic account (swap-free)No
👍 Demo AccountYes
📊 Institutional AccountsNo
📊 Managed AccountsYes
📈 Maximum Leverage1: 40
💰 Minimum Deposit$ 0
💳 Deposit OptionsInterbank transfers, VTB online banking and current account with the bank
💳 Withdrawal OptionsInterbank transfers, VTB online banking and current account with the bank
💻 Platform TypesMetaTrader5
📱 OS CompatibilityWindows, Android, and iOS
📈 Tradable assets offered24 Forex currency pairs
👨‍💼 Languages supported on WebsiteEnglish and Russian.
👥 Customer Support LanguagesEnglish and Russian.
📆 Customer Service Hours24/5
🚀 Open an Account👉 Click Here

 

Min Deposit

USD 0

Regulators

FCSM

Trading Platform

MT5

Crypto

No

Total Pairs

24

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

VTB24 Forex Fees and spreads – 9 key points quick overview:

 

  1. ✔️VTB24 at a Glance
  2. ✔️VTB24 Forex Fees and spreads – 9 key points quick overview:
  3. ✔️VTB24 Forex Fees and Spreads
  4. VTB24 Forex Additional Trading Fees
  5. VTB24 Forex Broker Fees
  6. VTB24 Customer Reviews
  7. VTB24 Forex Pros and Cons
  8. Conclusion
  9. Frequently Asked Questions

 

VTB24 Forex Fees and Spreads

 

VTB24 Forex Fees and Spreads

 

With VTB24 Forex’s spreads start from 3 pips on EUR/USD.

 

The minimum transaction size for trading in the 24 currency pairs offered by VTB24 Forex, starts from 0.5 lots, which corresponds to 50 000 units of the base currency.

 

Although spreads start from 3 pips they should not be less than 10 and not more than 75 currency units.

 

If an order is submitted on the day of application before 13:00 Moscow time, VTB24 Forex does not charge any commission.

 

Min Deposit

USD 0

Regulators

FCSM

Trading Platform

MT5

Crypto

No

Total Pairs

24

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

VTB24 Forex Additional Trading Fees

 

VTB24 Forex Additional Trading Fees

 

With most brokers trading in financial instruments such as forex, they can expect that swap fees, or overnight, will be charged when positions are held for longer than a trading day.

 

What the charges for swaps held in short or long positions are with VTB24 Forex is not clear on the broker’s website.

 

It is recommended that traders contact customer services if they need more information on the charges for short or long positions that are held overnight.

 

VTB24 Forex does not offer spread betting and thus spread betting fees do not apply.

 

VTB24 Forex Broker Fees

 

VTB24 Forex Broker Fees

 

VTB24 Forex allows deposits through interbank transfers, VTB online banking, and from a current account opened with the bank. The broker does not charge deposit fees or withdrawal fees.

 

To withdraw a client’s own funds from VTB24 Forex is easy and convenient with no commission charges on the day the application is received if the withdrawal order is submitted on a working day before 13:00 Moscow time.

 

Despite no charges on deposits or withdrawals, traders should verify with their own financial institutions whether there are any other bank processing charges.

 

Deposits into a trading account can be made in the RUB, USD, and EUR, currency. If it is done in another currency, traders may be subjected to currency conversion fees.

 

VTB24 Customer Reviews

 

Spreads are acceptable but they could be lower. The customer department is good, very dedicated to clients. Other than that, the service is not bad at all, and the order execution is smooth. They can give you useful advice, offer you timely information, good spread, leverage, and bonus after completing the lot size. I have cooperated with them for one year. And get on well. From a professional perspective, they support me to make a lot of money. No problems with withdrawals at all. Profits always reach my card/bank within 2-3 working days as promised.

VTB24 Forex Fees and Spreads

 

I have observed my SL or TP execute the right position, where I set and platform never Disobedient to me. My all withdrawals have proceeded within 4 hours via Wire Transfer. Overall I have rated VTB 24 8 out of 10. VTB 24 has been the best broker among many brokers I have ever traded with in 3 years. Luckily, the process of withdrawal is smooth, and this broker refunded me my money in a short time. In addition, this is the first platform I have traded on that gives me the price I click instantly, with no waiting, and no manipulation.

VTB24 Forex Fees and Spreads

 

I think it is a very good broker for many reasons. But most importantly they are paying for my profits. Some of my trading results, last week were the best trading results. fund security as far as I know is good. They never do any wrong to me. My trading results are always satisfying.

VTB24 Forex Fees and Spreads

 

VTB24 Customer Care

 

VTB24 Forex Pros and Cons

 

✔️ Pros❌ Cons
Competitive trading conditionsClients from the United States not accepted
No commissions chargedLimited base currencies
No deposit fees or withdrawal fees chargedLimited payment methods offered
Offers a demo accountNo Islamic Swap-free accounts provided
Transparent fee scheduleTight spreads are not offered

 

Conclusion

 

Overall, VTB24 Forex offers a selection of commission-free and commission-based account types.VTB24 Forex’s spreads start from 3 pips on EUR/USD.VTB24 Forex does not offer spread betting and thus spread betting fees do not apply.

 

You might also like: VTB24 Forex Review

You might also like: VTB24 Forex Account Types

You might also like: VTB24 Forex Demo Account

You might also like: VTB24 Forex Minimum Deposit

You might also like: VTB24 Forex Sign Up Bonus

 

Frequently Asked Questions

 

Does VTB24 charge any inactive fees?

Yes. Inactivity fees are not just charged by brokerage firms but also by many financial services.

 

Does spread betting cost apply to VTB24?

 VTB24 Forex does not offer spread betting and thus spread betting fees do not apply.

 

What spreads can I expect with VTB24 Forex?

You can expect spreads that start from 3 pips on EUR/USD.

 

Does VTB24 Forex charge commission?

To top up an account in rubbles via VTB online has no commission charges but if you top up in a foreign currency, euro, or dollar, a commission of 0.75% is charged with the transfer amount.

 

What is the overall rating out of 10 for VTB24 Forex?

6/10.

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

March 14, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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