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Best Day Trading Platforms and Brokers in Russia 2024

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Written By
Jemma Grist
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
» Jemma Grist Profile Page
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Edited By
James Barra
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Edited By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
» James Barra Profile Page
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Fact Checked By
William Berg
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
» William Berg Profile Page
Updated
Oct 4, 2024

As the 11th largest global export economy with vast reserves of natural resources, such as oil and natural gas, Russia offers ample short-term trading opportunities.

If you’re interested in trading currency pairs containing the volatile Russian ruble (RUB), energy commodities, or stocks listed on the Moscow Exchange (MOEX), you need an online broker.

The Central Bank of the Russian Federation (CBR) regulates local brokers, but residents can also register with overseas firms as long as they adhere to Russian laws and tax requirements.

We’ve shortlisted the best day trading platforms in Russia. Every broker accepts Russian traders and many support popular payment methods in the country, such as WebMoney and Yandex Money.

Top 10 Platforms For Day Trading In Russia

Our hands-on tests indicate the following 10 platforms stand out from the crowd for Russian day traders:

Click a broker for details
  1. 1
    IC Markets
    Ratings
    4.6 / 5
    4 / 5
    3.5 / 5
    4.6 / 5
    4 / 5
    4.5 / 5
    4 / 5
    3.5 / 5
    3.1 / 5
    4.2 / 5
    $200
    0.01 Lots
    1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
    ASIC, CySEC, FSA, CMA
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
    MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
    PayPal, Skrill, Neteller, Visa, UnionPay, Wire Transfer, Rapid Transfer, Mastercard, POLi, BPAY, Credit Card, Klarna, Swift, SafeCharge
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
    Go To IC Markets
  2. 2
    Deriv
    Ratings
    3.5 / 5
    4 / 5
    4.8 / 5
    3.3 / 5
    4.5 / 5
    3.8 / 5
    2.5 / 5
    3.8 / 5
    4.2 / 5
    4.5 / 5
    $5
    0.01 Lots
    1:1000
    MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
    CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs
    Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
    Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash, Przelewy24, Bitcoin Payments
    USD, EUR, GBP
    Go To Deriv
  3. 3
    XM
    $30 No Deposit Bonus When You Register A Real Account
    Ratings
    3.8 / 5
    4.3 / 5
    4 / 5
    3.8 / 5
    3.3 / 5
    4 / 5
    4.3 / 5
    4.3 / 5
    4.7 / 5
    3.9 / 5
    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, IFSC
    CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
    MT4, MT5, TradingCentral
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, JPY
    Go To XM
  4. 4
    eToro
    51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
    Ratings
    4.8 / 5
    4.2 / 5
    4.5 / 5
    3 / 5
    4 / 5
    3.5 / 5
    4.5 / 5
    4.5 / 5
    4.8 / 5
    4 / 5
    $100
    $10
    FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF
    CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
    eToro Web, CopyTrader, TradingCentral
    Visa, Skrill, Neteller, Wire Transfer, Rapid Transfer, Swift, Debit Card, iDeal, Klarna, Sofort, Trustly, Przelewy24
    USD, EUR, GBP
    Go To eToro
  5. 5
    FOREX.com
    20% Welcome Bonus Up To $5000
    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5
    $100
    0.01 Lots
    1:400
    NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA
    Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
    Go To FOREX.com
  6. 6
    InstaForex
    Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
    All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
    Ratings
    4 / 5
    3.9 / 5
    4.2 / 5
    4 / 5
    3.9 / 5
    3.7 / 5
    3.5 / 5
    3.6 / 5
    3.6 / 5
    3.6 / 5
    $1
    0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
    1:1000
    BVI FSC
    Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
    MT4, MT5
    Skrill, Mastercard, Visa, Neteller, Wire Transfer, Przelewy24, Giropay, Rapid Transfer
    USD, EUR, GBP, PLN, CZK
    Go To InstaForex
  7. 7
    BlackBull
    Ratings
    3.8 / 5
    4.3 / 5
    4 / 5
    3.8 / 5
    4.5 / 5
    4 / 5
    4 / 5
    4.3 / 5
    3.7 / 5
    3.7 / 5
    $0
    0.01 Lots
    1:500
    FMA, FSA
    CFDs, Stocks, Indices, Commodities, Futures, Crypto
    BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
    Neteller, Skrill, Visa, UnionPay, FasaPay, Mastercard, Credit Card, Bitcoin Payments, Debit Card, Boleto, Wire Transfer, Airtm, Ethereum Payments
    USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
    Go To BlackBull
  8. 8
    Vantage
    50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
    Ratings
    4.6 / 5
    4.5 / 5
    4.5 / 5
    4.4 / 5
    4.3 / 5
    4.4 / 5
    4 / 5
    4 / 5
    3.6 / 5
    3.9 / 5
    $50
    0.01 Lots
    1:500
    FCA, ASIC, FSCA, VFSC
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
    ProTrader, MT4, MT5, TradingView, DupliTrade
    Skrill, BPAY, JCB Card, AstroPay, Visa, Swift, Neteller, Wire Transfer, Credit Card, Debit Card, UnionPay, FasaPay, Sticpay, Bitwallet, Volet
    USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
    Go To Vantage
  9. 9
    FxPro
    Ratings
    4.4 / 5
    3.8 / 5
    4 / 5
    4 / 5
    4.3 / 5
    4 / 5
    4 / 5
    4 / 5
    4.7 / 5
    4.3 / 5
    $100
    0.01 Lots
    1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
    FCA, CySEC, FSCA, SCB, FSA
    CFDs, Forex, Stocks, Indices, Commodities, Futures
    FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
    Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Maestro, Mastercard, Visa, Google Wallet, Bitcoin Payments, Ethereum Payments
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN
    Go To FxPro
  10. 10
    FXCC
    100% First Deposit Bonus Up To $2000
    Ratings
    3.3 / 5
    3.5 / 5
    3 / 5
    4 / 5
    3.3 / 5
    4.3 / 5
    2 / 5
    2.5 / 5
    4.8 / 5
    4.4 / 5
    $0
    0.01 Lots
    1:500
    CySEC
    CFDs, Forex, Indices, Commodities, Crypto
    MT4
    Skrill, Neteller, Rapid Transfer, Sofort, Paysafecard, Visa, Bitcoin Payments, Credit Card, Debit Card, Mastercard, Wire Transfer, UnionPay, Ethereum Payments, Netbanx Asia, Boleto
    USD, EUR, GBP
    Go To FXCC

Here is a short overview of each broker's pros and cons

  1. IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
  2. Deriv - Established in 1999, Deriv is an innovative broker now serving over 2.5 million global clients. The firm offers CFDs, multipliers and more recently accumulators, alongside its proprietary derived products which can't be found elsewhere, providing flexible short-term trading opportunities.
  3. XM - XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It’s also highly regulated, including by ASIC and CySEC and offers a comprehensive MetaTrader experience.
  4. eToro - eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 51% of retail CFD accounts lose money.
  5. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
  6. InstaForex - InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.
  7. BlackBull - BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 26,000 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
  8. Vantage - Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
  9. FxPro - Established in 2006, FxPro has emerged as a trusted non-dealing desk (NDD) broker offering trading on over 2,100 markets to more than 2 million clients worldwide. It has scooped over 100 industry awards and counting for its competitive conditions for active traders.
  10. FXCC - FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.

Best Day Trading Platforms and Brokers in Russia 2024 Comparison

Best Day Trading Platforms and Brokers in Russia 2024 Comparison
Broker Minimum Deposit Markets Platforms Leverage
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Deriv logo
$5 CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView 1:1000
XM logo
$5 CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies MT4, MT5, TradingCentral 1:1000
eToro logo
$100 CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs eToro Web, CopyTrader, TradingCentral -
FOREX.com logo
$100 Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:400
InstaForex logo
$1 Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures MT4, MT5 1:1000
BlackBull logo
$0 CFDs, Stocks, Indices, Commodities, Futures, Crypto BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist 1:500
Vantage logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds ProTrader, MT4, MT5, TradingView, DupliTrade 1:500
FxPro logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Futures FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500

IC Markets

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

Christian Harris, Reviewer

IC Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
RegulatorASIC, CySEC, FSA, CMA
PlatformsMT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
  • As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.

Cons

  • While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
Visit IC Markets
IC Markets Review

Deriv

"Deriv is ideal for active traders seeking alternative and unique ways to speculate on global financial markets, from multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours."

Christian Harris, Reviewer

Deriv Quick Facts

Demo AccountYes
InstrumentsCFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs
RegulatorMFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
PlatformsDeriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP

Pros

  • After integrating TradingView and adding MT5 web trader, Deriv now offers a first-class selection of charting tools across desktop, web and mobile devices.
  • Although response times trail alternatives in our personal experience, Deriv offers 24/7 support and is one of the few brokers to offer WhatsApp assistance.
  • Deriv stands out with its innovative products, from multipliers and derived indices to its addition of accumulator options, providing exclusive short-term trading opportunities.

Cons

  • While the Academy launched in 2021 is a step in the right direction, there is limited education on advanced trading topics for seasoned traders and no live webinars to upskill new traders.
  • Although there’s a basic blog, there's little in terms of technical analysis or market reports which could help active traders identify potential opportunities.
  • Apart from the MFSA in the EU, Deriv lacks top-tier regulatory credentials, reducing the level of safeguards like access to investor compensation.
Visit Deriv
Deriv Review

XM

"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."

Christian Harris, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
RegulatorASIC, CySEC, DFSA, IFSC
PlatformsMT4, MT5, TradingCentral
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, JPY

Pros

  • XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
  • XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
  • XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.

Cons

  • While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
  • XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
  • Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
Visit XM
XM Review

eToro

"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."

Christian Harris, Reviewer

eToro Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
RegulatorFCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF
PlatformseToro Web, CopyTrader, TradingCentral
Minimum Deposit$100
Minimum Trade$10
Account CurrenciesUSD, EUR, GBP

Pros

  • Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators
  • There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
  • eToro has finally introduced EUR and GBP accounts, cutting conversion fees and providing a trading experience more tailored to local needs

Cons

  • There are limited contact methods aside from the in-platform live chat
  • The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software
  • Traders will face currency conversion fees for account denominations other than USD
Visit eToro
eToro Review

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus Offer20% Welcome Bonus Up To $5000
Demo AccountYes
InstrumentsForex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto
RegulatorNFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:400
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
  • There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.

Cons

  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
Visit FOREX.com
FOREX.com Review

InstaForex

"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."

William Berg, Reviewer

InstaForex Quick Facts

Bonus OfferChoose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Demo AccountYes
InstrumentsCurrencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
RegulatorBVI FSC
PlatformsMT4, MT5
Minimum Deposit$1
Minimum Trade0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, PLN, CZK

Pros

  • The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources
  • The broker is accessible for beginners, with low minimum deposits and zero-commission trading available.
  • InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types

Cons

  • The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
  • Customer support is available only in EN, CZ, PL, and SK.
  • The broker provides trading instruments only in the form of CFDs.
Visit InstaForex
InstaForex Review

BlackBull

"After improving its trading infrastructure with Equinix servers in New York, London, and Tokyo, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing."

Christian Harris, Reviewer

BlackBull Quick Facts

Demo AccountYes
InstrumentsCFDs, Stocks, Indices, Commodities, Futures, Crypto
RegulatorFMA, FSA
PlatformsBlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD

Pros

  • BlackBull offers every ingredient for day traders; fast execution speeds of <100ms, leverage up to 1:500, and tight spreads from 0.0 pips.
  • BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
  • With three ECN-powered accounts (Standard, Prime, and Institutional), BlackBull accommodates beginners, experienced traders, and professionals, offering flexibility based on trading needs and capital.

Cons

  • Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
  • BlackBull lacks a proprietary platform, relying on MetaTrader, cTrader and TradingView. While these are excellent, other brokers' exclusive platforms, notably eToro’s, often have unique features for beginner traders.
  • Despite a growing selection of 26,000+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
Visit BlackBull
BlackBull Review

Vantage

"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."

Jemma Grist, Reviewer

Vantage Quick Facts

Bonus Offer50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
RegulatorFCA, ASIC, FSCA, VFSC
PlatformsProTrader, MT4, MT5, TradingView, DupliTrade
Minimum Deposit$50
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN

Pros

  • There’s an excellent suite of day trading software, including the award-winning platforms MT4 and MT5
  • Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook
  • It’s quick and easy to open a live account – taking less than 5 minutes

Cons

  • A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
  • Unfortunately, cryptos are only available for Australian clients
  • It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
Visit Vantage
Vantage Review

FxPro

"FxPro is a stellar option for day traders, sporting exceptionally fast execution speeds under 12ms, competitive fees that were lowered in 2022, and terrific charting platforms in MT4, MT5, cTrader and FxPro Edge."

Christian Harris, Reviewer

FxPro Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Futures
RegulatorFCA, CySEC, FSCA, SCB, FSA
PlatformsFxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN

Pros

  • FxPro's Wallet is a standout feature that allows traders to manage funds securely. By segregating unused funds from active trading accounts, the Wallet provides additional protection and convenience.
  • FxPro operates under a 'No Dealing Desk' (NDD) model, ensuring fast and transparent order execution, often under 12 milliseconds, ideal for short-term trading strategies.
  • FxPro offers four reliable charting platforms, notably the intuitive FxPro Edge, with over 50 indicators, 7 chart types and 15 chart timeframes.

Cons

  • While FxPro provides 24/5 customer support through multiple channels that performed well during testing, it lacks 24/7 availability, which can disadvantage traders needing assistance outside traditional market hours.
  • There are no passive investment tools like copy trading or interest paid on cash. While active traders may not miss these, competitors like eToro catering to active and passive investors have more comprehensive offerings.
  • Despite a growing Knowledge Hub and a $10M funded demo account, FxPro is geared towards advanced traders, with beginners potentially finding the account and fee structure complex.
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FxPro Review

FXCC

"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "

Jemma Grist, Reviewer

FXCC Quick Facts

Bonus Offer100% First Deposit Bonus Up To $2000
Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Crypto
RegulatorCySEC
PlatformsMT4
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP

Pros

  • FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
  • The free education section, including the 'Traders Corner' blog, offers a large selection of materials that will serve all experience levels
  • Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers

Cons

  • Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView
  • High withdrawal fees may catch out unsuspecting traders, including a significant $45 charge for bank wire payments
  • While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks
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FXCC Review

Methodology

To identify the best day trading platforms in Russia, we sifted through our library of 216 online brokers and honed in on all those that accept Russian traders.

We then ranked the remaining platforms by their overall rating, combining 100+ data points and insights from our hands-on tests.

  • We only selected brokers that accept Russian day traders.
  • We assigned each broker a trust score.
  • We prioritized brokers with a wide range of markets.
  • We favored brokers with competitive day trading fees.
  • We checked for reliable, user-friendly charting platforms.
  • We focused on brokers with clear leverage and margin.
  • We investigated each broker’s order execution.
  • We examined each broker’s account funding.

DayTrading.com broker testing methodology overview

How To Choose A Day Trading Broker In Russia

Based on our research, there are several key factors to consider when choosing a broker for day trading:

Trust

Choosing a trustworthy broker with a clean track record should help give you peace of mind when depositing Russian rubles.

Importantly, it can help to protect you from trading scams, such as the notorious forex market fraud reported by The Moscow Times, whereby over 1000 victims lost more than 1 billion rubles.

The Central Bank of the Russian Federation (CBR) regulates online trading, although the CBR doesn’t actively license many online brokers, especially compared to regulators in other major financial centers.

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If you opt for an overseas broker, choose one regulated by a ‘green tier’ authority in line with our Regulation & Trust Rating. These regulators offer the highest level of protection for retail traders and are proactive in investigating unfair trading practices.
  • XM maintains its position as a highly trusted day trading platform, with multiple licenses including two ‘green tier’ authorizations with the ASIC (Australia) and CySEC (Cyprus). It also boasts a long history since 2009.

Market Coverage

The best day trading brokers offer a range of financial markets so that you can explore diverse opportunities.

Russian traders, in particular, may be interested in currency pairs containing the Russian ruble (RUB) such as USD/RUB, or equities listed on the Moscow Exchange (MOEX), like Sberbank and Lukoil. That said, our tests show these aren’t widely available at online brokers.

As one of the largest export economies in the world, key commodities like crude oil, gasoline and coal may also be attractive investments.

Infographic showing popular day trading markets in Russia

  • eToro offers more tradable Russian assets than most alternatives we’ve evaluated, including the USD/RUB currency pair, the VanEck Vectors Russia ETF and a selection of Russian stocks including Sberbank and Lukoil, among thousands of other global markets.

Day Trading Fees

Securing competitive trading fees will help you protect profit margins when making frequent daily transactions.

During our evaluations, we examine key costs like spreads and commissions, as well as fees on payments, for example transferring Russiam rubles to an account denominated in another currency.

We then assess these against other aspects of the broker’s service, such as analysis tools or education resources. For example, Russian traders may value access to daily forex market analysis on the USD/RUB, or live economic updates from the CBR.

  • IC Markets continues to deliver superior pricing, including spreads from 4 on the USD/RUB pair and from 0.020 on crude oil. It’s also got a superb economic calendar that I really rate, allowing you to filter by Russian market events.

Charting Platforms

The best brokers offer powerful charting tools for technical analysis.

Day traders typically use industry favorites, MetaTrader 4 and MetaTrader 5, though many have become accustomed to using more attractive options like TradingView in recent years.

TradingView offers the full package for me. The cleverly integrated workspace allows me to identify and analyze short-term trading opportunities seamlessly.

There’s also a useful forex screener where I could search for RUB pairs, as well as a built-in news feed, market events, trade ideas, and technical summaries.

author image
Jemma Grist
Author
TradingView platform showing forex screener and USD/RUB trade ideas
TradingView – USD/RUB chart
  • Blackbull Markets offers a charting platform for everyone, including MT4, MT5, cTrader and TradingView. There’s also a superb range of additional features, notably social and copy trading via Myfxbook and ZuluTrade which may appeal to up-and-coming traders.

Leverage & Margin

It’s important to choose a broker with clear margin requirements so that you understand the potential gains and losses of your leveraged positions upfront.

Leverage allows you to maximize the value of your trades by only putting down a deposit that’s within your budget. This means you can boost your potential profits, but it can also dramatically increase losses.

Let’s say I want to speculate on Lukoil shares using leverage of 1:5 and an initial margin of 5000 RUB. This means the value of my position would be magnified to 25,000 RUB (5 x 5000 RUB).

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Losses can be heavy when using leverage, so employ risk management tools such as stop-loss orders.
  • Deriv is a top pick for experienced day traders seeking high leverage up to 1:1000. Alternatively, aspiring traders can explore the broker’s multipliers which offer a less risky way to maximize your day trades, available up to x30.

Execution Quality

Fast-paced day trading strategies require optimum execution conditions, especially if you’re trading volatile markets like crude oil.

We investigate key execution criteria during our tests, including speeds (ideally less than 100 milliseconds) and the rate at which trades are filled.

We also consider latency (whether there is any time delay between trade receipt and execution) and slippage (whether there is any difference between the requested price and filled price).

  • FxPro remains one of the fastest brokers we’ve tested, with most orders being filled in under 13 milliseconds. We also love the broker’s proprietary trading app, complete with an integrated calendar and push notifications on market volatility – perfect for trading volatile Russian markets.

Account Funding

Choose a day trading platform with an appropriate first deposit requirement for your budget. Our research shows you will typically need up to 250 USD (approximately 2,2605 RUB) though many brokers go much lower.

It’s also worth opting for a broker that offers locally supported payment methods or RUB accounts, if available, which can help you avoid conversion fees and keep processing times down.

Research by Global Finance shows that WebMoney is one of the most popular e-wallets in Russia, whilst card payments via UnionPay have become prominent in recent years.

  • Vantage only requires $50 to get started, making it accessible for budget traders. It also offers a range of free deposit methods, including UnionPay, offering convenient account funding for active Russian traders.

FAQ

Who Regulates Day Trading Platforms In Russia?

The Central Bank of the Russian Federation (CBR) regulates online trading in Russia, though day traders can also register with international firms.

If you do opt for an overseas trading platform, make sure you adhere to CBR regulations and tax rules from the Federal Tax Service of Russia.

Which Is The Best Broker That Accepts Day Traders In Russia?

Refer to our list of the best day trading platforms in Russia to find an option that works for you.

For example, eToro is a great option if you’re looking for Russian markets, while Vantage is accessible for beginners and offers convenient funding via UnionPay.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com