Overview of OTKRITIE
Headquartered in Cyprus, OTKRITIE operates under the regulatory supervision of the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with established standards and investor protection measures. As a part of the “Otkritie Financial Corporation” (Public Joint-Stock Company) group, OTKRITIE offers a wide spectrum of financial instruments, including shares, bonds, ETFs, and structured products. Traders benefit from convenient engagement with these assets through the user-friendly interfaces of the QUIK terminal and PocketQuik terminal trading platforms.
Is OTKRITIE Legit？
OTKRITIE is regulated, operating under the regulatory supervision of the Cyprus Securities and Exchange Commission (CySEC) since January 28, 2016, holding a full license under its authorization with license number 294/16. Regulatory oversight by CySEC ensures that Otkritie Broker operates in compliance with established standards and guidelines. Furthermore, adherence to strict financial reporting standards enhances transparency and provides investors with reliable information for making well-informed decisions. It's important to recognize that while regulation offers oversight and accountability, it doesn't completely eliminate all risks associated with online trading. Therefore, traders should remain vigilant and exercise caution when engaging in trading activities.
Pros and Cons
OTKRITIE presents a compelling array of advantages and drawbacks for traders. On the positive side, it boasts a diverse range of trading instruments, offering opportunities across shares, bonds, ETFs, and structured products. The platform operates under regulatory oversight, providing traders with a sense of security and assurance regarding compliance. However, the lack of clear information on account types can pose challenges for new users navigating the platform. Additionally, while the platform offers a robust trading environment, the absence of comprehensive educational resources may hinder the learning curve for less experienced traders. Furthermore, the limited deposit and withdrawal methods, primarily restricted to bank transfers, may inconvenience users seeking alternative payment options.
Trading Instruments
OTKRITIE offers a wide range of trading instruments, including shares, bonds, ETFs, and structured products, totaling over 7,000 available instruments. Moreover, the trading platform grants access to major global stock markets such as the US, European, and Canadian markets. Additionally, OTKRITIE facilitates trading in the OTC market for eurobonds and shares across various regions including Asia, the Middle East, Latin America, Africa, Europe, and the USA.
Deposit & Withdrawal
Funds can be deposited into an account by transferring monetary funds from a bank account or a brokerage account opened with Otkritie Broker JSC. Details for the transfer can be found in the Client Portal under “Deposits and Transfers.”
The time it takes for funds to deposit varies, typically ranging from 1 to 3 business days. Employees of OBL will make monetary funds available for transactions on the brokerage account on the day of their deposit to the current account of OBL with the Bank if received before 17:00 P.M. (Moscow time), or on T+1 if received after 17:00 P.M. (Moscow time).
Trading Platforms
The trading platform provided by OTKRITIE is the QUIK terminal, which enables users to access stock exchange quotations and conduct transactions with various securities, including shares and ETFs on the US stock market. Additionally, users have the option to download the mobile version of the PocketQuik terminal to their mobile devices for convenient access to trading functionalities while on the go.
Customer Support
If direct communication is preferred, OTKRITIE can be reached by phone at +357-25023870. For fax correspondence, their fax number is +357-25023871. Additionally, communication via email is possible using the addressesclients@otkritie-broker.com and info@otkritie-broker.com.
Conclusion
In conclusion, while OTKRITIE offers a diverse range of trading instruments and operates under regulatory oversight, challenges such as unclear account information, limited educational resources, and restricted deposit methods may impact the trading experience. Traders should proceed with caution and thorough research to mitigate risks and ensure a safer trading environment.
FAQs
Q: Is OTKRITIE regulated？
A: Yes, OTKRITIE is regulated by the Cyprus Securities and Exchange Commission (CySEC) since January 28, 2016, holding a full license under its authorization with license number 294/16.
Q: What trading instruments are available on OTKRITIE？
A: OTKRITIE offers a wide range of trading instruments, including shares, bonds, ETFs, and structured products, totaling over 7,000 available instruments.
Q: How can I contact OTKRITIE's customer support？
A: You can contact OTKRITIE's customer support primarily through email at clients@otkritie-broker.com or info@otkritie-broker.com. Additionally, you can reach them by phone at +357-25023870 or via fax at +357 25023871.
Q: How long does it take for deposits to be processed by OTKRITIE？
A: The time it takes for funds to deposit varies but typically ranges from 1 to 3 business days.
Risk Warning
Online trading carries inherent risks, and there is a possibility of losing all invested capital. It may not be suitable for every trader or investor. It is essential to fully comprehend the associated risks and understand that the details provided in this review could change due to updates in the company's services and policies. Moreover, the review's generation date could influence its relevance, as information may have altered since then. Therefore, readers are encouraged to verify the most recent information directly with the company before making any decisions or taking action. Ultimately, the reader bears sole responsibility for utilizing the information provided in this review.
