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VTB Bank

Russia|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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Company Name

VTB Bank

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VTB Bank

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Warning: Low score, please stay away!
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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VTB Bank · Company Summary

Aspect Information
Company Name VTB Bank
Registered Country/Area Russia
Founded Year 2017
Regulation Unregulated
Minimum Deposit RUB 10,000
Maximum Leverage Up to 1:300
Spreads Starting from 0.3 pip
Trading Platforms Proprietary platform for desktop, mobile, and web
Tradable Assets Forex, CFDs, futures
Account Types Standard, Pro, VIP
Customer Support Phone at +7 (495) 775-71-39, email at
Deposit & Withdrawal Bank transfers, credit cards, debit cards
Educational Resources Investor News, Investor Calendar, Financial Highlights and Reports, and more

Overview of VTB Bank

VTB Bank, founded in Russia in 2017, offers a wide range of trading options, including Forex, CFDs, and futures. VTB Bank offers traders substantial leverage, and diverse account types, providing flexibility and potential profitability. The user-friendly trading platform, coupled with comprehensive educational resources, enhances the trading experience.

However, it's important to note that VTB Bank operates without regulatory oversight, which can raise concerns about transparency and security. Customers and investors should exercise caution, as unregulated entities may expose them to increased risks, including potential fraudulent activities and limited dispute resolution. Weighing these benefits against the inherent risks is crucial when considering VTB Bank.

Overview of VTB Bank

Is VTB Bank legit or a scam?

VTB Bank operates without regulation, which presents inherent risks. The absence of regulatory oversight means that the bank is not bound by the strict standards and protections typically mandated by financial regulatory authorities. This lack of oversight can raise concerns about transparency, security, and ethical business practices. Customers and investors should exercise caution when dealing with unregulated financial entities like VTB Bank, as they may be exposed to increased risks, including the potential for fraudulent activities, mismanagement of funds, and limited recourse in the event of disputes or issues. It's crucial for individuals to thoroughly assess the bank's offerings and reputation to safeguard their financial interests.

Pros and Cons

Pros Cons
Wide range of trading instruments Unregulated
Competitive trading fees Only available to residents of Russia and select other countries
Good customer support No demo account available
Educational resources
User-friendly trading platform


  1. Wide range of trading instruments: VTB Bank offers a diverse selection of trading instruments.This variety allows traders to diversify their portfolios, take advantage of opportunities in various markets, and tailor their investments to their preferences and strategies.

  2. Competitive trading fees: VTB Bank provides competitive trading fees, which means that the costs associated with trading on their platform are relatively lower compared to other providers.

  3. Good customer support: VTB Bank offers reliable customer support to assist users with their inquiries and concerns.

  4. Educational resources: VTB Bank provides educational resources such as Investor News aimed at helping traders improve their understanding of the financial markets, trading strategies, and the platform itself.

  5. User-friendly trading platform: VTB Bank offers a user-friendly trading platform. A user-friendly platform is intuitive and easy to navigate, which is advantageous for both novice and experienced traders.


  1. Unregulated: VTB Bank operates as an unregulated trading platform. This means it may lack the oversight and investor protections typically offered by regulatory authorities.

  2. Limited Availability: VTB Bank's services may be restricted to residents of Russia and a limited number of other countries.

  3. No Demo Account: VTB Bank does not offer a demo account. The absence of a demo account can be a disadvantage for traders who want to gain experience or test their trading methods before committing actual funds.

Market Instruments

VTB Bank provides an extensive array of trading instruments, ensuring diversified options for traders. These instruments encompass:

  1. Forex: Traders can engage in the Forex market with a wide selection of major, minor, and exotic currency pairs. This offers opportunities for both novice and experienced traders to participate in the global foreign exchange market.

  2. CFDs (Contract for Difference): VTB Bank allows trading in CFDs on various assets, including stocks, indices, commodities, and cryptocurrencies. This enables traders to speculate on the price movements of these assets without owning them directly, thus enhancing trading flexibility.

  3. Futures: VTB Bank offers futures trading on a range of assets, such as stocks, indices, commodities, and currencies. Futures contracts allow traders to capitalize on price fluctuations and hedge their positions in these diverse financial markets.

These options empower traders to craft well-rounded portfolios and engage in trading activities that align with their specific objectives and risk tolerance.

Account Types

Tecmactrade offers a variety of account types to accommodate different trading preferences.

The Standard Account provides leverage of up to 1:100, making it accessible for a wide range of traders. It features spreads starting from 1 pip, ensuring competitive trading conditions. Traders using this account pay a commission of RUB 10 per lot. With a relatively low minimum deposit requirement of RUB 10,000, it's an ideal choice for those with a modest initial investment. Additionally, the Standard Account offers a demo account option, allowing traders to practice risk-free.

For those seeking enhanced trading capabilities, the Pro Account offers higher leverage of up to 1:200 and tighter spreads starting from 0.5 pip. The commission per lot is reduced to RUB 5, providing a more cost-effective trading environment. With a minimum deposit of RUB 100,000, it caters to traders with a larger capital base. Like the Standard Account, the Pro Account also offers a demo account option for skill development.

For experienced and high-capital traders, the VIP Account stands out with leverage of up to 1:300 and exceptionally tight spreads starting from 0.3 pip. The commission per lot is further reduced to RUB 3. While it requires a substantial minimum deposit of RUB 1,000,000, it grants access to exclusive trading conditions. Like the other account types, the VIP Account offers a demo account for practice. These diverse account options empower traders to choose the one that best aligns with their financial capacity and trading goals.

Account Type Standard Account Pro Account VIP Account
Leverage Up to 1:100 Up to 1:200 Up to 1:300
Spread Starting from 1 pip Starting from 0.5 pip Starting from 0.3 pip
Commission RUB 10 per lot RUB 5 per lot RUB 3 per lot
Minimum Deposit RUB 10,000 RUB 100,000 RUB 1,000,000
Demo Account Yes Yes Yes
Trading Tool Proprietary trading platform Proprietary trading platform Proprietary trading platform
Customer Support 24/7 via live chat, email, and phone 24/7 via live chat, email, and phone, dedicated customer support 24/7 via live chat, email, and phone, dedicated customer support, exclusive trading conditions

How to Open an Account?

Below are the clear and individual steps to open an account:

  1. Visit the Official Website: Access the official website of the institution offering the account opening service.

  2. Click “Sign Up” or “Open Account”: Look for the “Sign Up” or “Open Account” button on the website's homepage and click on it.

  3. Provide Personal Information: Fill in the required personal information. This typically includes your full name, date of birth, contact information, and sometimes your Social Security Number or Tax ID.

  4. Choose Account Type: Select the type of account you wish to open. This could be a standard account, a premium account, or a specific type that suits your needs.

  5. Complete Verification: The next step usually involves identity verification. You may be required to upload identification documents such as a passport or driver's license.

  6. Initial Deposit: Fund your new account with the initial deposit amount specified by the institution. This can often be done through various methods, including bank transfers, credit/debit cards, or electronic payment services.

After completing these steps, your account should be opened and ready for use, but it's essential to check the specific requirements and processes of the institution you are dealing with, as they can vary from one provider to another.

How to Open an Account?


VTB Bank provides traders with a substantial advantage through its leverage offering, allowing them to access leverage of up to 1:300. This level of leverage empowers traders to potentially magnify the size of their positions, which can result in amplified profits as well as increased exposure to market movements.

Spreads & Commissions

Tecmactrade offers diverse account types. Standard Accounts feature spreads starting from 1 pip with a RUB 10 commission per lot. Pro Accounts provide tighter spreads from 0.5 pip and a RUB 5 commission. VIP Accounts offer even tighter spreads starting from 0.3 pip with a RUB 3 commission per lot.

Account Type Standard Account Pro Account VIP Account
Spread Starting from 1 pip Starting from 0.5 pip Starting from 0.3 pip
Commission RUB 10 per lot RUB 5 per lot RUB 3 per lot

Trading Platform

VTB Bank provides a proprietary trading platform accessible across desktop, mobile, and web devices, ensuring convenience for traders on the go. This user-friendly platform encompasses a rich set of tools and features, including robust charting capabilities, facilitating in-depth technical analysis. Traders can employ diverse chart types, indicators, and drawing tools to make informed decisions.

Moreover, the platform streamlines order execution, allowing for swift and precise trade placement. With various order types at their disposal, traders can implement strategies tailored to their preferences. Whether it's market orders for instant execution or limit orders for price control, VTB Bank's platform empowers traders with versatile trading options. This comprehensive suite of features enhances the trading experience and equips traders with the tools necessary to navigate the financial markets effectively.

Trading Platform

Deposit & Withdrawal

VTB Bank accepts a variety of payment methods for deposits and withdrawals, including:

  • Bank transfers: This is the most common payment method for VTB Bank. Bank transfers are processed within 1-3 working days.

  • Credit cards: Credit cards are another popular payment method for VTB Bank. Credit card deposits are processed within 1-2 working days.

  • Debit cards: Debit cards are similar to credit cards, but they use funds from your bank account. Debit card deposits are processed within 1-2 working days.

The minimum deposit for VTB Bank varies depending on the account type. The standard account requires a minimum deposit of RUB 10,000. The Pro account requires a minimum deposit of RUB 100,000. The VIP account requires a minimum deposit of RUB 1,000,000.

The payment processing time for VTB Bank is generally within 1-3 working days.

Customer Support

VTB Bank offers dedicated customer support channels to cater to various stakeholder groups.

For institutional investors and analysts, you can reach them at +7 (495) 775-71-39 or via email at

Individual shareholders can contact the bank at +7 (495) 258-49-47 or +7 (495) 258-49-10, with email support available at

Additionally, there is a Consultative Council of Shareholders reachable at +7 (985) 774-31-55 or through

These contact options ensure that both institutional and individual stakeholders have access to the necessary support and information.

Customer Support

Educational Resources

VTB Bank provides a comprehensive set of educational resources to serve its stakeholders. In the “Investor News” section, the bank offers an array of valuable information. This includes regular financial updates and reports, such as “VTB reports financial results for 9M 2023” and “VTB Group announces IFRS financial results for August and 8M 2023.” These reports allow investors and analysts to gain insights into the bank's financial performance at various intervals, aiding them in making informed investment decisions.

Moreover, VTB Bank provides an “Investor Calendar,” a valuable tool that outlines significant events, such as earnings release dates and shareholder meetings. This calendar serves as a guide for investors, ensuring they are well-prepared for key financial events and announcements.

In addition, the bank offers access to “Financial Highlights and Reports,” allowing stakeholders to delve deeper into VTB's financial performance and its commitment to sustainable development. These resources provide a holistic view of the bank's operations, financial achievements, and responsible business practices, empowering investors and analysts with essential knowledge to make informed decisions and assess VTB's sustainability initiatives.

Educational Resources


In conclusion, VTB Bank offers traders a versatile range of market instruments, leverage options, and diverse account types, along with user-friendly trading platforms and educational resources. These attributes can be advantageous for those seeking flexibility and potential profitability in their trading endeavors. However, it's imperative to approach VTB Bank with caution due to its unregulated status, which may lead to concerns about transparency, security, and ethical practices. Traders and investors should conduct thorough due diligence and assess their risk tolerance when considering the bank's services. Balancing the benefits and risks is essential to safeguard financial interests while navigating the world of unregulated financial entities.


Q: Is VTB Bank regulated by financial authorities?

A: No, VTB Bank operates without regulatory oversight.

Q: What trading instruments are available at VTB Bank?

A: VTB Bank offers a variety of trading instruments, including Forex, CFDs, and futures.

Q: What is the maximum leverage offered by VTB Bank?

A: VTB Bank provides leverage of up to 1:300 for traders.

Q: Does VTB Bank offer a demo account for practice?

A: No, VTB Bank does not offer a demo account for practice.

Q: How can I contact VTB Bank's customer support?

A: Customer support can be reached through various contact options depending on your stakeholder group. For institutional investors and analysts, you can reach them at +7 (495) 775-71-39 or via email at Individual shareholders can contact the bank at +7 (495) 258-49-47 or +7 (495) 258-49-10, with email support available at There is also a Consultative Council of Shareholders reachable at +7 (985) 774-31-55 or through

Q: What types of accounts are available at VTB Bank?

A: VTB Bank offers Standard, Pro, and VIP accounts, each with different leverage, spreads, and minimum deposit requirements.

User Reviews

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more than one year
Scam and 1 more time scam. I asked for a refund. And they still keep calling me. To proceed with the account. 1 guy said he said email to customer service for a refund. But obviously, they keep calling me and bothering me. So when I ask for a refund. They always hang up. Don’t get close to them, or you will be unfortunate.
2023-03-14 14:18
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