OTKRITIE

Introduction

Otkritie Broker Ltd. is one of the leading brokers in Europe and provides clients with direct access to the global markets. Founded in Cyprus, Otkritie Broker Ltd. operates as a fully owned subsidiary of the largest Russian financial corporation – Otkritie Financial Corporation (Public Joint-Stock Company). Being part of a large financial group gives Otkritie Broker Ltd. a strong foundation and provides clients with a broad selection of markets and financial instruments to trade in.

Otkritie Broker Ltd.'s primary focus is on brokerage services, investment advisory, and portfolio management for both active traders and long-term investors. Otkritie Broker Ltd.'s technology platform provides clients with seamless access to a wide range of asset classes, including stocks, bonds, currencies, and structured notes. Otkritie Broker Ltd. provides detailed information about its services, including background, services offered, regulatory compliance, trading conditions, and fees.

History and Background of the Company

Otkritie Broker Ltd. is a fully licensed European broker based in Cyprus, operating as a wholly owned subsidiary of Otkritie Financial Corporation (Public Joint-Stock Company) and therefore part of one of the 10 largest financial groups in Russia by total assets. While detailed historical references to the date of establishment and the development timeline of Otkritie Broker Ltd. are not available, the company primarily focuses on providing direct access to global financial markets. All assets held by Otkritie Broker Ltd. are held in internationally recognised depositories (Euroclear and DTC), which provide secure and reliable asset management services for clients.

Services and Features

Otkritie Broker Ltd. offers a comprehensive suite of services to support its clients' investment objectives, including brokerage services, advisory support, and portfolio management. As a result, clients can structure their investment strategy to meet their specific needs.

Otkritie Broker Ltd. provides access to some of the world's largest stock markets via electronic trading platforms. Clients can trade a variety of financial instruments, including stocks, bonds, currencies (Eurobonds and structured notes), and more. In addition to electronic trading, Otkritie Broker Ltd. allows voice order submission during Moscow time from 10:00 to 23:00 MSK and accepts scanned paper orders submitted via e-mail. Otkritie Broker Ltd. charges a per-order commission rate for each order class submitted electronically or by voice.

Methods of Order Submission

1. Electronic Trading via QUIK Terminal
2. Voice Orders
(10:00-23:00 MSK) 8-800-500-38-70 ext 4
3. Orders Received via e-mail at [email protected] (scanned paper orders).

Licensing and Regulatory Compliance

Otkritie Broker Ltd. operates as a licensed European broker registered in Cyprus and complies with all applicable European legislation. Details regarding the specific regulators, license numbers, and jurisdictional memberships are not made publicly available. However, Otkritie Broker Ltd. currently complies with all EU financial regulations, including the European Regulation (EU) 575/2013, through Pillar 3 Reports for 2018-2020. All clients may be required to provide additional documentation to KYC Anti-money Laundering (AML) compliance, demonstrating Otkritie Broker Ltd.'s commitment to regulatory compliance and to providing secure transactions to its clients.

Trading Conditions and Platform Technology

Otkritie Broker LTD has created a trading experience tailored to the needs of different types of investors. Active traders who focus on US markets pay a trader tariff of $0.01 per share (per transaction) for stocks, bonds, and currencies.
Investors who trade Eurobonds and structured products are charged an investor tariff of 0.24% of the turnover value of the shares they have traded.

Clients primarily use the QUIK terminal to connect with the broker to trade; this is an industry-standard electronic trading terminal/application.
Through our website, the Client Portal, or the Electronic Trading section, clients can obtain the installation files and user manuals needed to use the terminal/application.

Through the Client Portal, clients can manage their brokerage accounts, including transferring funds from one account to another. In addition, clients who prefer alternative access may register using Open Key for both existing and future natural and legal persons.

Fee Structure

Otkritie Broker LTD maintains a straightforward fee structure, with a notable $5 commission applied to each non-QUIK order submission. However, detailed information regarding deposit fees, withdrawal fees, inactivity fees, or other charges is not publicly available.

Clients can access full tariff details through the Client Portal under the "Overview 360" section or the dedicated rates page on the website. Any changes to tariffs require a signed Application for Services, which must be submitted via email.

User Experience and Market Reputation

Customer feedback, customer satisfaction ratings, and market reputation for Otkritie Broker LTD are scarce. The broker does not post any customer reviews or testimonials on the company's website and has not identified any specific strengths or weaknesses in the experience of current customers and/or service.

However, being a subsidiary of a large corporate financial services firm does provide Otkritie Broker LTD with institutional backing and broad access to financial instruments, which could be attractive to experienced investors seeking access to global markets.  

Recent Documents

The last available public document on Otkritie Broker LTD's website is the terms of business, which were last archived on June 30, 2021, and last updated on February 05, 2019. The Pillar III public disclosures remain in effect through 2020, and the last date for an update to the revision table was February 15, 2017.  

There does not appear to be any new information about Otkritie Broker LTD as of 2024-2025, which suggests that the information on this website is likely quite stale. Therefore, communicating with clients to obtain the latest updates on service offerings and regulatory changes will remain vitally important.

 
Conclusion

Otkritie Broker is a licensed European broker with a strong association with a major Russian financial group and provides access to a wide range of global financial markets and trading instruments. Their services include brokerage, advisory, and portfolio management, using the QUIK trading platform and alternative order execution methods.  

Otkritie Broker LTD continues to offer competitive fees for active traders and investors; however, limited information is available on some areas, such as regulatory licenses, fees, and client satisfaction. If you are considering becoming a client of Otkritie Broker LTD, then we would recommend contacting them directly for additional information to ensure a good fit with your trading requirements.