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The retail forex subsidiary of PSK Promsvyazbank, PSB-Forex is one of eight companies currently licensed central bank Russia to work on the local OTC forex market. Some other brokers licensed in the country are VTB24, Finam Forex, Forex Club, InstaForex and Teletrade.
The company's website is made at the level of European competitors. It is informative and contains a huge list of sections. Here the client can find educational information, choose and familiarize himself with the conditions and trading accounts. Use technical analysis tools. To know last news in the world financial markets and use the forex calendar.
To start trading, a trader must register. To open an account, the client must fill out the registration form, indicating personal data and the initial contact information. To withdraw funds, a trader must pass identity verification. To do this, the client needs to provide electronic scanned copies of identity documents and wait for confirmation of the completion of the verification.
Trading training is available on the site, but the main training program is carried out through seminars in the dealing centers of the brokerage company. The program consists of two stages of training. The first stage is theoretical classes in the form of lectures. The second stage is the practical application of the acquired knowledge, which is practiced on a demo account using virtual funds.
PSB-Forex is a Russian forex broker offering a single account type. Its clients can use fixed spreads, micro traded lots and use up to 1:40 on the MT5 platform.
PSB-Forex offers to trade less than 20 currency pairs. You cannot trade more exotic FX or CFD pairs with this broker. Most forex brokers include at least commodity and index CFDs in their product portfolio, and many of them have also added bitcoin CFDs due to the increased popularity of cryptocurrencies recently.
PSB-Forex offers fixed spreads of 1.9 pips on EUR/USD and does not charge commission. This estimate is relatively good as most fixed spread brokers provide 2 pips for this pair. If you want to trade with even lower fixed spreads, check out a brokerage offering like CySEC easyMarkets.
it the best choice trading software. MT5 was originally a futures trading platform, but was later integrated into a more forex-friendly one. Currently, MT5 already has hedging, and developer MetaQuotes continues to make other improvements in an attempt to get ahead of its predecessor, MT4.
To open an account at PSB-Forex, you need to invest at least 100,000 rubles, which is more than 1,500 US dollars. By comparison, most brokerage companies require $100 to $250 at the start.
The maximum leverage levels provided by PSB-Forex are only 1:40, while most brokers offer 10 times more. This is probably due to the fact that, according to the law of Russia, brokers cannot provide clients with more than 1:50 leverage.
For example, easyMarkets provides leverage up to 1:400.
The higher the edge provided by your broker, the more profit potential you can get, but again, this removes the possibility of proper risk management, and can significantly increase losses.
The absence of MT4 is not a major drawback, as PSB-Forex offers the MT5 platform, the successor to MetaTrader 4, which is already very similar to the previous version. However, many traders stick with MT4 because some of its indicators and EAs are not compatible with new version or simply because they are used for it.
The support service is stable and provides services five days a week from nine in the morning to six in the evening. You can also contact the company's offices directly. You can contact the staff of the department through a phone call, email or online chat.
You can replenish your trading account using Internet banking services and from the client's account, open PAO"Promsvyazbank", or from any account of another bank. You can withdraw funds using a special withdrawal request. It can be submitted through the section in personal account or submit a written application at the office. Also, you can withdraw money orally by contacting the support service by phone. The transfer is carried out within five working days from the moment of placing the application for withdrawal of funds.
Exercise control over securities, track quotes, and perform various financial operations the stock market has become easier. Effective business management is carried out with the help of a convenient service called “brokerage service”. Consider the principle of operation of this service in Promsvyazbank.
Brokerage services from Promsvyazbank represent a wide range of banking services, providing all the necessary tools to access the exchange, as well as carrying out online trading.
The Promsvyazbank financial institution guarantees quality service to its customers, as evidenced by the following data and terms of service:
Receiving a discount on the brokerage commission is possible six months after the start of trading. It is noteworthy that this discount is not taken into account for the Moscow Exchange currency market.
It is worth noting that all customers have the opportunity to draw up a brokerage agreement online, thanks to the Internet banking of Promsvyazbank.
Promsvyazbank clients who have signed a brokerage service agreement are guaranteed to receive the following benefits:
It is noteworthy that Promsvyazbank ranks 11th in the rating of Russian assets, according to Interfax, and also has the status of BB- / BA2 (Fitch / Moody's). These data confirm the reliability of the financial institution.
Existing clients of Promsvyazbank can activate a brokerage account within a few minutes. To do this, you need to log in to PSB-Retail, and then send an online application in the appropriate section, having previously read the list of conditions.
For the activation and subsequent maintenance of the brokerage account, Promsvyazbank does not charge a commission. However, with each successful transaction, a commission is charged, according to the terms of the tariff package.
enroll cash You can use your personal Internet banking account by selecting the appropriate section. You can withdraw money in one of the following ways:
Withdrawal of funds is carried out within three working days.
Promsvyazbank, providing brokerage services, also acts tax agent. Therefore, 13% of the income received is deducted from total amount income. Interest is written off at the time of withdrawal of funds or after a specified period.
All current bank customers get access to the QUIK Internet platform. This service, thanks to the trading terminal, has access to all Russian and Ukrainian stock exchanges, as well as to many foreign financial platforms. To date, the number of organizations using the quick platform exceeds 250 institutions, where the number of active clients is about ten thousand people.
To work in the system, you need to install special software that allows you to track quotes and analyze financial market. It is noteworthy that for clients dealing with securities and tracking price dynamics, the webQUIK remote platform makes it possible to carry out transactions online (without installing additional software).
To connect the system, you must perform the following algorithm of actions:
FROM detailed instruction"Key generation" can be found
Current and new clients of Promsvyazbank have the opportunity to activate an individual investment account (hereinafter - IIA) on special conditions as part of a brokerage service.
It should be noted that this service is available only to individuals who are residents of the Russian Federation. According to the regulations, each individual has the right to open no more than one IIS. The investment period must be 36 months or more. Clients do not have the right to prematurely withdraw funds from the account, as well as initiate a tax deduction pooling.
Existing clients of Promsvyazbank have the opportunity to independently open ISS remotely. After authorization in your personal account, you need to draw up an agreement using transaction code 2940. You can also submit a preliminary application using code 2944. This request provides for feedback from a bank employee who will advise on brokerage IIS, and also help with choosing the optimal tariff. If you do not have access to Internet banking, you can apply using this form.
Acquainted with complete list available IIS tariffs within the framework of brokerage services, you can
Potential customers of Promsvyazbank can also submit an online application by filling out the form, or contact any branch credit institution to sign a cooperation agreement.
Thus, the Promsvyazbank financial institution guarantees its clients the provision of quality service within the framework of brokerage services. The possibility of choosing the optimal tariff package and flexible terms of cooperation confirm that the bank provides an individual approach to everyone.
PSB-Forex, a subsidiary of Promsvyazbank, was registered on July 11, 2016. Previously, Promsvyazbank provided institutional clients with services on the OTC Forex market through the specialized PSB-Rates platform. At the end of 2015, Promsvyazbank announced its readiness to introduce its own segregated nominal accounts. Perhaps this innovation allowed the bank to quickly adapt to Russian market Forex, according to the requirements of the Central Bank of the Russian Federation. The Bank is a member of the International Capital Markets Association (ICMA) and the International Swaps and Derivatives Association (ISDA).
"PSB-Forex" became the eighth company that received a license from the Central Bank to carry out dealer OTC activities in the Forex market in the Russian Federation, in accordance with the new Law "On Forex", and on May 15, 2017, the Association of Forex Dealers accepted the Limited Liability Company "PSB-Forex into their ranks.
The PSB-Forex company provides individuals with access to the Forex market for trading currency pairs. Trading conditions comply with the new Russian laws on forex dealers.
The security of trading, depositing and withdrawing funds is guaranteed by the reliability and experience of Promsvyazbank. To become a client of PSB-Forex, you need to open an account or connect an Internet bank in any branch. Promsvyazbank has branches in 250 Russian cities.
PSB-Forex adheres to high standards of service, provides profitable terms, tight spreads and a large selection financial instruments. The main principle of the company is customer orientation and maximum satisfaction of their needs. Real professionals work here, who are always ready to advise the client, provide support and provide timely assistance in the work.
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