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Top 6 Russian brokers. Part 1

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In this article we would like to analyze, what is the best broker company in Russia and where it is better to make investments. Let us get started. Part 1.

  1. VTB Investments
  2. BCS Broker
  3. Tinkoff Investments
  4. Alfa-direct
  1. VTB Investments
VTB Capital Broker

Pros

  • Low commission
  • Functional application (glass, stop loss, take profit, dividend date, and so on)
  • IIA dividends can be displayed on the map
  • A wide range of instruments including dollar funds and Eurobonds
  • BPIF VTB (similar to ETFs) you can buy and sell without a fee using this broker
  • Wide network of ATMs and offices throughout the country

Cons

  • Chat support works mediocre
  • No Commission is written for in-app purchases

2. BCS Broker

Участник Конкурса проектов на FinWin-2017: БКС Брокер

One of the oldest “classic brokers”, on the platform of which Tinkoff Investments was once launched»

Pros

  • Since this is a classic broker, it has a very wide range of instruments, including dollar funds ETFs, Eurobonds, and so on
  • IIS dividends can be withdrawn to a separate account
  • Solve complex issues, such as transferring shares to a foreign broker

Cons 

  • Confusion in everything-the broker has a lot of sites and applications that are easy to get confused
  • Often you need to go to the office to perform various actions
  • No Commission is written for in-app purchases
  • They often impose their own aggressive products

3. Tinkoff Investments

Тинькофф Инвестиции – биржа, брокер, ММВБ, ETF - Apps on Google Play

The advertising company Tinkoff Investments is very active, they brought a lot of new clients to the market, but the broker is not perfect.

Pros

  • Functional and intuitive application, good web interface and terminal.
  • Quick remote account opening.
  • Good and 24/7 customer support in online chat and over the phone

Cons

  • Buying foreign shares through Tinkoff Investments is very expensive.
  • Personal managers do not have personal experience in investing large amounts and long investment periods and give poor-quality recommendations.
  • Some stock market instruments, such as parts of bonds, are not available. You must have a debit card “Tinkoff”, you can not top up your account with a card from another Bank.
  • IIA coupons cannot be displayed on the map.

4. Alfa-direct

Альфа Директ — торговля и инвестиции на бирже - Apps en Google Play

Pros

  • Functional application
  • Small commissions

Cons

  • The Deposit Commission is hidden on the site and is not written on the tariff page, for this a fat minus
  • Slow support
  • Complaints about problems with the fact that the broker takes a tax of 30% on foreign shares, although it should only take 10% with a signed W8-BEN form
  • Some stock market instruments are not available, for example, some bpifs and ETFs in dollars

Read the following in chapter 2.

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