Best RBK Money Brokers 2024
RBK Money is a payment acceptance service provider with over five million users. It offers a selection of online and in-person transaction methods, a user-friendly checkout experience, and anti-fraud monitoring. Our review will examine the main aspects of the RBK Money service for traders, including its open-source API, payment methods, currency options, and gateway security. We also list the best brokers that accept RBK Money deposits in 2024.
Best RBK Money Brokers
From our testing, these are the highest-rated brokers that offer RBK Money payments:
RBK Money Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage | Visit |
|---|---|---|---|---|---|
|
$10 | CFDs, Forex, Indices, Shares, Energies, Metals, Cryptocurrencies, Binary Options | MT4, MT5 | 1:500 | Visit |
#1 - 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
- Six accounts to suit different trading styles and strategies
- GC Invest platform for copy trading
Cons
- Limited regulatory oversight
- Basic education and market research
- High spreads on some assets
What Is RBK Money?
The RBK Money brand was founded in Russia and incorporates the following companies: RBK Money Holdings Limited, RBK Money Limited, and Direct Payments Limited. The latter is regulated by the Financial Conduct Authority (FCA) in the UK as an Authorised Payment Institution. RBK Money is also partnered with a firm licensed by the Russian Central Bank.
The company provides several integration routes to active payment gateways into websites and also offers transaction links for businesses that are not online. The gateway has a microservice architecture with an open-source API and blockchain platform. Full documentation is available for developers on the firm’s website and through a public repository on Github.
Pros Of Trading With RBK Money
Card Binding
RBK uses card binding, which allows traders to check out rapidly by securely retaining card details for future transactions. The cards of the following payment systems are accepted by this provider:
- MasterCard and MasterCard Maestro
- Visa and Visa Electron
- American Express
- China UnionPay
- Diners Club
- MIR
- JCB
Availability
The company provides its services to 40,000 businesses across 60 countries, so it may be available with your preferred broker. Moreover, the firm provides its services to many high-profile business clients such as Hermes, Sony, and TUI, which points to its reliability.
Cons Of Trading With RBK Money
Limited Transaction Routes
RBK.money offers a variety of bank cards for trading payments, alongside Apple Pay, Samsung Pay, and Google Pay. The firm also advertises mobile commerce, online banking, cryptocurrency, and POS lending. However, some methods are not available to all users. The firm also does not support PayPal. These limitations may restrict the flexibility many traders require to transfer and receive funds.
Limited Currencies
The main settlement currency of RBK is rubles, as the majority of its client base is Russian companies, though euros and US dollars are also available. This restricted range of accepted tender may make the provider unsuitable for many traders that use other major currencies, such as pound sterling or Japanese yen.
In addition, the 2022 Russia-Ukraine war may have an impact of the availability of RBK Money to investors overseas.
No Wallet
Although the firm previously offered an RBK Money wallet, registration for this product ceased in October 2017 and support stopped completely in August 2018. Fortunately, customers can still extract funds from their wallets by contacting help@rbk.money with a withdrawal request.
Speed
Several online reviews point to the high speed of RBK Money transactions. However, the processing of deposit and withdrawal payments is also contingent upon your broker and issuing bank. As such, the time to receive or place funds could be a number of days depending on the entities involved. Traders can find processing times on broker websites or our reviews.
Security
The company safeguards client funds using an automated anti-fraud system and the Wallarm applications protection platform. Servers are monitored in real-time to detect and prevent attacks, and RBK.money’s systems comply with the PCI DSS 3.0 level 1 safety standard.
The firm uses secure sockets layer (SSL) encryption and a TLS protocol is followed for the transmission of data between the user and website. The 3D secure feature on payment cards is also supported by this provider.
In addition, RBK Money is a member of the BugBounty program, an initiative that rewards individuals for reporting website bugs and security vulnerabilities directly to the firm.
How To Deposit Using RBK Money
Traders can make deposits or request withdrawals via RBK Money, if it is offered, by heading to the payments page of their brokers’ website. Clients can select a payment method and make the transaction, subject to any deposit or withdrawal limits enforced by the online brokerage.
Investors should also be aware that some brokers have additional ID verification steps in place, especially for withdrawals, and should retain identifying documentation as necessary.
Fees
The rates that RBK charge to brokers and other business clients depends on turnover, and the payment methods that are requested. Brokers with larger turnover volumes are subject to lower rates, and companies yielding more than $30,000 monthly can expect to pay around 2% for the service.
There are direct no fees for traders – it is the broker/business owner that is charged for the payment service. However, brokers may still pass on some of these costs to their clients for deposits or withdrawals. Prospective traders should check this when deciding on a brokerage to sign up with. Our reviews also detail payment fees.
Is RBK Money Good For Day Trading?
RBK Money provides payment services to clients across 60 countries, offering a card binding feature for traders and an open-source API alongside dedicated security systems to detect fraudulent transactions. Yet despite these benefits, some traders may be put off by the limited number of payment methods and currencies available, and by the absence of an integrated wallet.
See our list of brokers that accept RBK.money deposits in 2024.
FAQ
Is RBK Money Legitimate?
RBK Money is a legitimate payments provider and receives positive online reviews. It is also regulated by the Financial Conduct Authority (FCA) in the UK and by the Russian Central Bank.
Is RBK Money Safe To Use In My Trading Account?
This firm uses a range of technologies to ensure the security of investments, including an automated anti-fraud system, the Wallarm applications protection platform, secure sockets layer (SSL) encryption, and a TLS protocol for data transmission. It also supports 3D-secure for card payments and is a member of the BugBounty program.
Is It Cheap To Deposit To My Trading Account With RBK Money?
Traders are not subject to fees from this provider – the broker is charged for the service. However, some online brokers may take processing fees for deposits and withdrawals independently of the payment provider to cover their costs.