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 6 best brokers that offer accounts with RUB as the base currency:
-
1
Videforex20% to 200% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$250$0.011:500Binary Options, CFDs, Forex, Indices, Commodities, CryptoTradingViewSkrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB -
2
InstaTrade
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10.011:1000BVI FSCFISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, FuturesInstaTrade Gear, MT4Visa, Mastercard, Wire Transfer, Credit Card, Debit Card, Bitcoin Payments, Ethereum PaymentsUSD, EUR, RUB -
3
Binarium
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$5$1Forex, Stocks, CryptosOwnQIWI, Yandex Money, Bitcoin Payments, Neteller, WebMoney, Wire Transfer, Visa, Mastercard, Credit Card, Debit CardUSD, EUR, AUD, RUB -
4
Zacks Trade
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$2500$3FINRAStocks, ETFs, Cryptos, Options, BondsOwnWire Transfer, ACH Transfer, ChequeUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF -
5
World Forex100% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10.01 Lots1:1000SVGFSAForex, CFD Stocks, Metals, Energies, Cryptos, Digital ContractsMT4, MT5Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, VoletUSD, EUR, RUB -
6
RaceOption20% - 200% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$250$0.011:500Binary Options, CFDsTradingViewCredit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum PaymentsUSD, EUR, GBP, AUD, RUB
Here is a short overview of each broker's pros and cons
- 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.
- InstaTrade - InstaTrade, based in the British Virgin Islands, is an online broker specializing in fixed income structured products and active trading through CFDs. Its zero-spread accounts, excellent research notably through InstaTrade TV, and access to the popular MT4 alongside its own web-accessible InstaTrade Gear, make it an attractive option for short-term traders at every level.
- Binarium - Binarium is an established international broker offering binary options trading on diverse markets including stocks, indices, forex, commodities and cryptocurrencies. Traders can start trading with as little as $1 and earn payouts up to 80% of their stake.
- Zacks Trade - Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.
- World Forex - World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
- RaceOption - RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
Brokers With RUB Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms |
|---|---|---|---|
|
|
$250 | Binary Options, CFDs, Forex, Indices, Commodities, Crypto | TradingView |
|
|
$1 | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures | InstaTrade Gear, MT4 |
|
|
$5 | Forex, Stocks, Cryptos | Own |
|
|
$2500 | Stocks, ETFs, Cryptos, Options, Bonds | Own |
|
|
$1 | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | MT4, MT5 |
|
|
$250 | Binary Options, CFDs | TradingView |
Videforex
"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "
Videforex Quick Facts
| Bonus Offer | 20% to 200% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, CFDs, Forex, Indices, Commodities, Crypto |
| Platforms | TradingView |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, AUD, RUB |
Pros
- Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
- Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
- Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
Cons
- The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
- Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
- The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
InstaTrade
"Although InstaTrade offers active trading on a comprehensive platform, it stands out with its fairly unique Fixed Income Structured Product (FISP), providing passive investment opportunities with up to 50% returns in 6 months if conditions are met. "
Christian Harris, Reviewer
InstaTrade Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures |
| Regulator | BVI FSC |
| Platforms | InstaTrade Gear, MT4 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, RUB |
Pros
- InstaTrade delivers an excellent suite of charting tools for day traders with its web trader comprising 250+ indicators, 11 chart types and a user-friendly design.
- VPS hosting caters to algo trading strategies with a dedicated physical server providing rapid execution speeds as low as 9 milliseconds.
- InstaTrade TV, consisting of video interviews and valuable market insights spanning equities, cryptos and more, helps identify opportunities and inform short-term trades.
Cons
- Profits are only guaranteed in the FISP if investors do not reach the 50% profit level and attract other users with a total sum of $4 for each dollar in compensation.
- InstaTrade is registered in the offshore jurisdiction of the British Virgin Islands, resulting in limited regulatory safeguards for retail investors.
- Marketing of the FISP, especially phrasing around the “guarantee of profitability” and the “elimination of risks of trading on financial markets” raises concerns.
Binarium
"Binarium has been designed with simplicity in mind, featuring a fast, fully digital sign-up process and an intuitive platform and app with 4 chart types and 12 indicators. With binaries spanning 5 minutes to 3 months, it caters to short- and medium-term traders."
Binarium Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Forex, Stocks, Cryptos |
| Platforms | Own |
| Minimum Deposit | $5 |
| Minimum Trade | $1 |
| Account Currencies | USD, EUR, AUD, RUB |
Pros
- The $10,000 demo account, deposit-doubling welcome bonus, smooth sign-up, and 24/7 support make for an attractive onboarding experience.
- Binarium claims to segregate client funds with EU banks, meaning traders’ money should not be misused and providing an important layer of protection, which is especially relevant given its offshore status.
- Binarium has the best education centre we’ve seen amongst binary options brands, complete with information on core topics like trading basics and account options, plus professional video guides to using the platform.
Cons
- Despite being operational since 2012, Binarium is an unregulated broker with limited transparency on its website, raising safety concerns and potentially putting your capital at risk.
- Payouts of up to 80% are on the low side of binary options platforms based on our evaluations, which may deter traders looking for the possible best returns, though you can get back up to 15% of losing trades.
- Binarium has some way to go to match the investment offering of binary firms like Quotex, with a particularly weak selection of around 20 currencies and 3 cryptocurrencies.
Zacks Trade
"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Tobias Robinson, Reviewer
Zacks Trade Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Stocks, ETFs, Cryptos, Options, Bonds |
| Regulator | FINRA |
| Platforms | Own |
| Minimum Deposit | $2500 |
| Minimum Trade | $3 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF |
Pros
- Customizable proprietary trading platform and mobile app
- Regulated by FINRA with access to the Securities Investor Protection Corporation
- Demo account
Cons
- No MT4 or MT5 platform integration
- Shortcomings regarding platform loading times and technical glitches
- No forex, commodities or futures trading
World Forex
"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."
World Forex Quick Facts
| Bonus Offer | 100% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Regulator | SVGFSA |
| Platforms | MT4, MT5 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, RUB |
Pros
- VPS hosting
- Copy trading solution
- Several different account types with varied pricing structures
Cons
- No negative balance protection
- Withdrawal fees apply
- Weak regulation
RaceOption
"RaceOption will appeal to investors looking for a feature-rich binary options trading experience with regular contests, account-based perks, and copy trading. The catch is its unregulated status, with little to zero investor protections available based on our investigations."
RaceOption Quick Facts
| Bonus Offer | 20% - 200% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, CFDs |
| Platforms | TradingView |
| Minimum Deposit | $250 |
| Minimum Trade | $0.01 |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, AUD, RUB |
Pros
- RaceOption makes account funding a breeze with fee-free and near-instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour.
- Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives based on our evaluations, and increasing potential returns, while the first 3 trades are risk-free in Silver and Gold accounts.
- RaceOption is in the less than 1% of brokers that offers video chat, available 24/7 in multiple languages, although the knowledge of agents about trading and regulatory issues needs improvement from our direct experience.
Cons
- RaceOption is one of the only brokers not to offer a demo account, which when considered alongside the absence of education, makes this broker a poor choice for beginners.
- While still affordable for many retail investors, the $250 minimum deposit raises the entry barrier, especially compared to Deriv and World Forex who are designed for budget traders.
- RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues.
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.