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

Brokers With RUB Accounts Comparison
Broker Minimum Deposit Instruments Platforms Visit
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Web Platform, Mobile App Visit
ForexTB logo
$250 CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies WebTrader, MT4, TradingCentral Visit
OKX logo
10 USDT Spot, futures, perpetual swaps, options AlgoTrader Visit
Grand Capital logo
$10 CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options MT4, MT5 Visit
Videforex logo
$250 Binary Options, CFDs, Forex, Indices, Commodities, Crypto TradingView Visit
Finq.com logo
$100 Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs MT4, TradingCentral Visit
Binarium logo
$5 Forex, Stocks, Cryptos Own Visit
Bybit logo
$0 Cryptos, Futures MT4, TradingView Visit
HYCM logo
$20 CFDs, Forex, Stocks, Indices, Commodities, ETFs HYCM Trader, MT4, MT5, TradingCentral Visit
FXOpen logo
- Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares MT4, MT5, TradingView Visit
Expert Option logo
$10 Options, Stocks, Commodities, Forex, Crypto, Futures, Expert Option Web Platform Visit
Zacks Trade logo
$2500 Stocks, ETFs, Cryptos, Options, Bonds Own Visit
World Forex logo
$1 Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts MT4, MT5 Visit
RaceOption logo
$250 Binary Options, CFDs TradingView 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

#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)

#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

#4 - 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

#5 - Videforex

Why We Chose Videforex

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

- DayTrading Review Team
  • Instruments: Binary Options, CFDs, Forex, Indices, Commodities, Crypto
  • Platforms: TradingView
  • Minimum Deposit: $250
  • Minimum Trade: $0.01
  • Leverage: 1:500

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

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:

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.

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.