VTB24 Forex Minimum Deposit

VTB24 Minimum Deposit has zero minimum deposit required. VTB24 Forex cannot be compared to other brokers who do require a minimum deposit.

VTB24 at a Glance

Overall Rating

• 2.6/5

Read Review

OPEN AN ACCOUNT

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 Minimum deposit – 9 key points quick overview:

1. VTB24 at a Glance
2. VTB24 Forex Minimum deposit – 9 key points quick overview:
3. VTB24 Forex Minimum Deposit
4. VTB24 Forex Deposit fees and deposit methods
5. VTB24 Forex Step-by-step guide to depositing the minimum amount
6. VTB24 Customer Reviews
7. VTB24 Forex Pros and Cons
8. Conclusion
9. Frequently Asked Questions

VTB24 Forex Minimum Deposit

There is no minimum deposit required when opening a live account with VTB24 Forex.

The broker is the first authorized forex dealer that operates from the banking sector. It is part of the VTB Bank which is one of the largest Russian banks. It provides the service of issuing loans, receiving deposits, and implementing other banking operations for individuals and legal entities.

Through its subsidiary company, VTB24 Forex which was established in 2016 began to offer its customers Internet trading services.

`VTB24 Forex is registered, authorized, and licensed by the Central Bank of the Russian Federation and part of the independent self-regulatory organizations National Forex Dealers (NAFD) and Association of Forex Dealers (AFD).

Furthermore, the investment brokerage services are provided by VTB Bank (a Public Joint-Stock Company) and authorized by the Federal Commission for Securities Market (FCSM) of Russia.

It is a requirement by most regulatory bodies and financial institutions, amidst several other strict rules and regulations, that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

VTB24 Forex Deposit fees and deposit methods

The zero minimum deposit required by VTB24 forex cannot be compared to other brokers who do require a minimum deposit.

Only three payment methods are offered by VTB24 Forex when making a deposit, namely :

Interbank transfers,

VTB online banking,

A current account with the bank.

The only deposit currencies which are accepted by this broker are RUB, EUR, and USD.

VTB24 Forex does not charge any deposit fees, however, traders should ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.

VTB24 Forex Step-by-step guide to depositing the minimum amount

Deposits can be made with VTB24 using the following steps:

Step 1 – Log in

Traders can fund their accounts from links on the homepage of VTB24 Forex by filling in the online deposit form. In addition, traders can also go into one of the 600 VTB Bank branches.

Step 2 –Make the deposit

After a trader has registered for an account and provided their passport, mobile phone number, and email address they can go ahead and top up the account via VTB-online.

The only currencies accepted are RUB, USD, and EUR and funds must be transferred in the same currency as the bank account to which they are sending it.

Overall Rating

• 2.6/5

Read Review

OPEN AN ACCOUNT

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 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.

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.

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 Pros and Cons

Conclusion

Overall, VTB24 has zero minimum deposit required. VTB24 Forex cannot be compared to other brokers who do require a minimum deposit. There is no minimum deposit required when opening a live account with VTB24 Forex.

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Frequently Asked Questions

Are my deposits safe with VTB24 Forex?

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

How do I make a deposit and withdrawal with VTB24 Forex?

• Interbank transfers
• VTB online banking
• From a current account opened with the bank

Does VTB24 Forex charge withdrawal fees?

No. However, traders should take note that fees from financial institutions may apply.

How long does it take to make a withdrawal?

It is not clear on VTB24 Forex’s website how long it takes for withdrawals to be processed and how long it will take to reflect into a traders’ account.

Will, I receive a bonus if I refer a friend or family to VTB24?

VTB24 does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by the broker.