Brokers With RUB Accounts
Brokers with RUB accounts allow traders to manage portfolios with the Russian ruble as the base currency. Heavily reliant on the commodity market, the ruble is popular with investors trading natural resources such as crude oil and natural gas.
This guide will cover how RUB trading accounts work, plus the benefits for investors. We have also compared and ranked the best brokers with RUB accounts in 2024.
Brokers With Ruble Accounts
These are the 5 best brokers that offer accounts with RUB as the base currency:
Brokers With RUB Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Visit |
|---|---|---|---|---|
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$10 | Digital Options on Stocks, Indices, Forex, Commodities, Cryptos | Web Platform, Mobile App | Visit |
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$250 | CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies | WebTrader, MT4, TradingCentral | Visit |
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10 USDT | Spot, futures, perpetual swaps, options | AlgoTrader | Visit |
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$1 | CFDs, Forex, Stocks, Cryptos, Commodities | MT4 | Visit |
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$10 | CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options | MT4, MT5 | Visit |
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$250 | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | TradingView | Visit |
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$100 | Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs | MT4, TradingCentral | Visit |
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$5 | Forex, Stocks, Cryptos | Own | Visit |
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$0 | Cryptos, Futures | MT4, TradingView | Visit |
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$20 | CFDs, Forex, Stocks, Indices, Commodities, ETFs | HYCM Trader, MT4, MT5, TradingCentral | Visit |
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- | Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares | MT4, MT5, TradingView | Visit |
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$250 | Binary Options, CFDs | TradingView | Visit |
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$10 | Options, Stocks, Commodities, Forex, Crypto, Futures, | Expert Option Web Platform | Visit |
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$2500 | Stocks, ETFs, Cryptos, Options, Bonds | Own | Visit |
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$1 | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | MT4, MT5 | Visit |
#1 - Quotex
Why We Chose Quotex
Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.
"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."
- DayTrading Review Team
- Instruments: Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
- Platforms: Web Platform, Mobile App
- Minimum Deposit: $10
- Minimum Trade: $1
Pros
- The platform continues to delivers a superb trading environment with strong charting tools for technical traders
- The $10 starting deposit and $1 minimum stake make Quotex.io accessible to beginners
- Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal
Cons
- There is no copy trading, which could support new traders looking to learn from experienced investors
- Quotex trails industry leaders when it comes to education and market research
- Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option
#2 - ForexTB
Why We Chose ForexTB
Established in 2015, ForexTB (FXTB) is a multi-asset broker offering CFDs on over 300 instruments via its own web-based platform or the popular MetaTrader 4. FXTB offers a choice of four accounts with premium tiers enjoying tighter spreads and zero commissions, though substantial minimum investments climbing to €250k put these out of reach for most day traders.
"ForexTB is geared towards active traders in Europe who can afford the significant minimum deposit to quality for competitive trading conditions. However, there are better brokers with ForexTB still failing to deliver in key areas, notably pricing, research, education and support."
- DayTrading Review Team
- Instruments: CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies
- Regulator: CySEC
- Platforms: WebTrader, MT4, TradingCentral
- Minimum Deposit: $250
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (Retail), 1:400 (Professional)
Pros
- The proprietary platform is simple by design but offers essential features with optimal charting tools, plus a limited version is accessible prior to registration.
- An extensive range of payment methods are supported from PayPal to bank cards and wire transfers, with same-day deposits and zero transfer fees
- ForexTB is authorized by the CySEC in Europe, a trusted regulator, though it reached a €270k settlement in 2022 for possible violations.
Cons
- The educational guides lack practical examples, charting analysis and interactive elements, making them of limited use for newcomers, especially compared to category leaders like IG.
- FXTB imposes a €20 inactivity fee after just one month, deterring casual traders, while only VIP account holders get unlimited free withdrawals.
- Customer support can't be relied upon for urgent trading queries with just phone and email channels and wait times of several hours during testing, seriously lagging behind alternatives like XTB.
#3 - OKX
Why We Chose OKX
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
"OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots."
- DayTrading Review Team
- Instruments: Spot, futures, perpetual swaps, options
- Regulator: VARA
- Platforms: AlgoTrader
- Minimum Deposit: 10 USDT
- Minimum Trade: Variable
Pros
- Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
- OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority
- There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage
Cons
- The firm offers limited regulatory oversight, though this is common among crypto brokers
- The quality of customer support was inconsistent based on testing
- The broker's platform and features may be complex for novices
#4 - SuperForex
Why We Chose SuperForex
Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.
"SuperForex will suit experienced traders looking for high leverage rates and premium membership packages. The broker also continues to stand out for its wide selection of beginner-friendly accounts, although the lack of top-tier regulation is a notable drawback."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Cryptos, Commodities
- Regulator: IFSC
- Platforms: MT4
- Minimum Deposit: $1
- Minimum Trade: 0.01 Lots
- Leverage: 1:2000
Pros
- SuperForex offers an auto-reset balance program, which prevents trading accounts from dropping below zero
- SuperForex is accessible for beginners, with minimum deposits from $1, a choice of fixed or variable spreads, and access to copy trading
- Various accessible payment methods are supported, including crypto, with zero fees and fast processing times
Cons
- The Belize IFSC is not considered a top-tier regulatory provider, so clients may receive fewer financial safeguards
- The 0.5-pip minimum spreads in the standard ECN accounts are not as tight as some of the cheapest ECN brokers, such as Pepperstone
#5 - Grand Capital
Why We Chose Grand Capital
Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.
"Grand Capital is a good broker for traders familiar with MetaTrader plus passive investors interested in copy trading and LAMM solutions. On the downside, the broker's regulatory credentials lag behind competitors."
- DayTrading Review Team
- Instruments: CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options
- Regulator: FinaCom
- Platforms: MT4, MT5
- Minimum Deposit: $10
- Minimum Trade: 0.01 Lots
- Leverage: 1:500
Pros
- High leverage up to 1:500
- Accessible minimum deposit starting from $10
- Demo competitions with cash prizes
Cons
- Basic education and market research
- High spreads on some assets
- Limited regulatory oversight
How RUB Accounts Work
A RUB trading account means you deposit, hold, and trade in the Russian ruble. This is often referred to as an account base currency or the money that your account is denominated in. All returns, losses and fees are processed in your chosen account currency.
Brokers with RUB accounts may appeal to Russian traders looking to manage their investing activity in their local currency. RUB accounts also offer benefits to investors looking to speculate on the economic prospects of the country along with gas and oil following the 2022 Russia-Ukraine war.
You can normally select RUB as your account currency at the registration stage. Also, you do not have to deposit into your account in Russian rubles – most brokers can convert your capital at the current exchange rate, along with any additional fees.
RUB Currency Explained
The Russian ruble is the monetary unit of Russia (formerly the Soviet Union) and Belarus. The currency dates back to the 13th century and it’s the second-oldest currency still in circulation, behind the British pound. Following the dissolution of the Soviet Union in 1992, redenomination saw the old ruble replaced at a rate of 1,000 to 1 in 1998.
More recently, the value of the RUB plunged after Russia began its invasion of Ukraine in February 2022. This led to a 32% decrease in the value of the ruble, trading at a rate of 120 RUB per 1 USD by March 2022. As a result, several forex brokers, including Forex.com, FXOpen and Alpari, suspended RUB trading indefinitely.
The Russian ruble is a free-floating currency, so its value is driven by market supply and demand. The currency has a significant reliance on tracked global commodity prices due to its dependence on oil, gas and natural resources exports. It is not a heavily traded currency, ranking 18th worldwide and accounting for around 1% of the daily forex market turnover.
The Central Bank of the Russian Federation has exclusive authority to issue banknotes and coins in Russia. In 2017, it was broadcast that the Bank of Russia would issue a Central Bank Digital Currency (CDBC), with a successful prototype completed in 2021 and plans to roll it out to wider society in the pipeline.
Benefits Of Brokers With RUB Accounts
- Forecasting – As the RUB is heavily reliant on commodity exports, the currency’s value is arguably easier to forecast for savvy gas and oil traders. This can also help investors looking to trade forex pairs that include the Russian ruble.
- Customer Support – Brokers with RUB trading accounts typically provide support in the Russian language. Assistance in a native language can be helpful, particularly when traders need guidance on deposit issues or account queries.
- Payment Methods – RUB accounts normally work seamlessly with local deposit and withdrawal solutions such as the Mir card payment system and Sberbank wire transfers.
- Easy Access – Russian investors can use brokers with RUB accounts to access major international markets, such as US stocks and major forex pairs. Brokers accepting the currency also make online trading easier without the need for currency conversions to the USD, EUR or GBP, for example.
- Regulation – Brokers with RUB accounts are more likely to be regulated by a local financial watchdog, such as the Federal Commission on Securities Market (FCSM). The financial agency aims to improve the corporate governance of companies, align them to international financial reporting standards, and prevent the manipulation and misuse of insider information.
How To Check A Broker Offers A RUB Account
Brokers with RUB trading accounts do not always make it clear on their websites. Take a look at the deposits and withdrawal area first as brokerages tend to list accepted currencies by payment method here. Another good indicator is to check whether local payment methods are accepted. Alternatively, you may be able to find this information via the new account registration page.
If it’s still unclear, reach out to the prospective broker’s customer service team. Live chat services are usually the most responsive.
Comparing Brokers With RUB Accounts
Once you’ve identified brokers with RUB trading accounts, there are a few factors to consider before opening a live profile:
- Trading Assets – Access to financial markets and instruments will vary between brokers with RUB accounts. Check the list of assets available to retail clients. This could include forex pairs with the Russian ruble as the quote or base currency, alongside local company stocks or gas and oil.
- Accessibility & Regulation – Ensure the brokerage is regulated by a reputable financial institution. 2022 sanctions have prohibited many international brokers from offering the purchase of securities in Russian companies or forex pairs including the ruble. JustForex, for example, terminated all relationships with clients in Russia and Belarus in March 2022.
- Trading Terminals – The best brokers with RUB accounts offer industry-recognised trading platforms such as MetaTrader 4 and MetaTrader 5. Also look out for advanced facilities such as copy trading services or strategy builders.
- Customer Service – The top brokers with RUB accounts will provide trustworthy and responsive customer support options. This may include a live chat service or a free local telephone number, available 24 hours a day, 7 days a week.
- Educational Resources – Access to learning materials such as video content, step-by-step tutorials and beginner-friendly articles are a great addition to a trading environment. Whether you are a complete beginner or novice day trader, there is always more to learn.
- Demo Account Services – Paper trading accounts are a great way to test the tools on offer before committing to a live account and depositing personal funds. You can put new strategies to the test, in a risk-free, virtual environment. It is also a great way to learn platform features and tools, particularly with proprietary software.
Final Word On Brokers With RUB Accounts
Brokers with RUB accounts are popular with investors from Russia as well as those interested in actively trading the currency or associated local export commodities. Look for brokerages with top-tier regulation, educational resources, advanced trading tools and responsive customer service support. We have compiled a list of the best brokers with RUB accounts.
FAQs
What Are Brokers With Ruble Trading Accounts?
Brokers with RUB accounts offer live trading profiles with the Russian ruble (RUB) as the base currency. This means all account administration, profits and losses, trading charges and fees, are published in rubles.
Why Are Brokers With RUB Trading Accounts Popular?
There are several benefits to traders using brokers with RUB accounts. Trading platforms often provide easy access to global markets and straightforward deposits and withdrawals with local payment methods. Additionally, day traders may be able to avoid costly exchange rate fees when trading in a local currency.
How Do I Open A RUB Trading Account?
Once you have identified a broker with a RUB trading account, complete the online registration form. Sign-up requirements often entail a name, email address and contact phone number. Additional KYC compliance may be required including supplying personal identification documents.
How Can I Tell If A Broker Offers A RUB Trading Account?
Most online brokers display their account denominations in their deposits and withdrawals section/cashier portal. If the information is not clear on the website, speak to the customer services team.
How Should I Compare RUB Trading Accounts?
There are various considerations when comparing brokers with RUB accounts. Factors to review include regulatory oversight, trading platform options, and the range of assets, such as forex pairs with the RUB, plus energies like oil and gas. Beginners may also want to look at educational materials, access to leverage, and sign-up bonuses.