TOP 5 best brokers in Russia 2022 for investment and trading.

It's no secret that the success of investing on the stock exchange largely depends on the brokerage company you work with. A good broker helps you avoid wasting extra time and money, competently compiling your investor portfolio and adjusting it depending on the market situation. Moreover, a broker must meet subjective criteria to at least be pleasant to work with. After all, you have one goal - to earn money .

The broker's task is to increase the investor's financial well-being

The outcome of your investment will depend on which brokerage company you choose. Therefore, the first step on the path to success is to study and compare different brokers and choose the best one.

Before delving into the topic, let's understand the definition - what does a broker mean?

A broker is an intermediary for concluding financial transactions. The broker helps private and corporate clients profitably invest money in one or another valuable asset, which will increase in price in the future and, thereby, bring profit to the investor. For his work, the broker receives a commission , which constitutes his earnings.

A stock broker is an intermediary for concluding transactions in the stock market.

When thinking about an intermediary, the question immediately arises: which broker is better - Russian or foreign? Many people mistakenly think that the main thing when choosing a broker is the tariff. In fact, there are many more important points that are worth paying attention to.

To make your life easier and save you from wandering around the websites of foreign and Russian brokers, we at investonomic.ru have compiled a rating of the best companies in 2022, as well as a list of criteria on how to independently find a proven and reliable broker. Comparing the most popular foreign and domestic brokers will help you choose the best partner for investing in the international and Russian stock market. ✅

The best Russian brokers

The first question from almost anyone who is just entering the investment market is: when there are so many brokers, which one should you choose?

Let's start the ranking of the very best with the best domestic brokers. This list is also not small: on the Moscow Exchange website alone, dozens of brokerage companies offer intermediary services in the stock market.

And only a comparison of the working conditions of different sites will help you choose the best offer.

Below you will find a table of the Top 10 brokers in Russia . In compiling this top, we focused on factual information about the broker (number of active clients, volume of client transactions), as well as user ratings and reviews.

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Brokers rating by commission

Brokers charge a commission for intermediary services, and it is from the commission their main income comes. Every broker is interested in the client trading more and more often, so he tries to offer favorable conditions in order to retain the client. ✅

As a rule, the commission amount for top brokers is a fraction of a percent of the transaction amount and depends on the volume and frequency of transactions.

The top ten brokers with the minimum commission are as follows:

Sberbank

The Sberbank mobile application is installed in almost every smartphone, so it is not surprising that 237 thousand Russians chose this particular broker.

Passive investor

For novice investors, the “Independent” tariff is most suitable (link to tariffs). There are no fees for account maintenance and depository services, and the transaction commission is 0.06% (+0.01% of the Moscow Exchange commission). Thus, an inactive investor will pay 70 ₽ per month.

Novice trader

If a trader chooses the same tariff (the conditions of the “Investment” tariff are much worse, which is compensated by investment recommendations and the availability of special offers), then his expenses will be 1,400 rubles per month (or 70 rubles per trading day).

Rating of brokers by turnover

An important parameter when choosing a broker is monthly turnover According to the Moscow Exchange, monthly trading turnover on the site is:

VTB

VTB is actively developing, it already has 216,008 clients, and its commissions are among the lowest (link to tariffs).

Passive investor

The “My Online” tariff will suit him, under the terms of which he will only need to pay a commission for transactions of 0.05% (+0.01% for the Moscow Exchange). Our investor's expenses will be 60 rubles.

Novice trader

A trader can choose the “Investor Standard” tariff with a monthly service fee of 150 ₽ and a transaction commission of 0.0413% (+0.01% for the Moscow Exchange). Expenses for a trading day will be 51.3 ₽, and for a month - 1176 ₽ (1026 + 150). However, the service fee can be reduced to 105 rubles if you purchase a lot of VTB shares, the price of which in February 2022 is 400 rubles.

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Rating by number of clients

An important indicator of the performance of a brokerage company is the number of clients that the broker managed to attract. And the more clients a broker has and the more money they have, the greater the volume of transactions and, accordingly, the broker’s earnings.

Active clients on the exchange are those who have made at least one transaction within a month.

According to the Moscow Exchange, the number of active clients per month on the sites was:

Criterias of choice

I will briefly discuss the criteria for selecting a brokerage company that guided me when compiling the review.

• Reliability

I associate it with the presence of a license from the Bank of Russia and with the history of the company. In order to save time, I do not look at the list of licensed intermediaries on the official website of the Central Bank, but immediately go to the website of the Moscow Exchange. There is a list of professional participants. Without a license you will not be allowed to trade.

• Moscow Exchange rating

I study at the same time as the first point. I will write more in a separate section of the article.

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• Tariffs and conditions

Here you can’t do without visiting the company’s website. Unfortunately, the interface of many of them leaves much to be desired. Especially regarding the description of tariff plans. Sometimes it is necessary to call an employee to clarify details.

• Availability of tools

Not everyone gives access to the St. Petersburg Exchange. For example, Sberbank and PSB do not do this. And in Tinkoff Investments you may not find some mutual investment funds from Sberbank. Customers say that these tools are added upon request in chat.

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• Trading platform

Many large brokers not only provide access to the QUIK platform, well-known among traders, but also develop their own programs for computers and mobile phones. For example, Sberbank has so far limited itself to only QUIK and the Sberbank Investor mobile trading platform, which is not very convenient. And the Tinkoff Investments application is praised by many beginners for its simplicity.

• Technical support and feedback

I studied a lot of reviews about working with different brokerage companies. For some people, high-quality technical support and the presence of a chat in the application are mandatory selection conditions. But I think that this applies to active traders who play on rising or falling quotes and make several transactions a day. As a long-term investor, in 3 years of trading on the stock exchange, I only needed to contact my broker once, when I decided to transfer the IIS to another intermediary.

The first 4 points can be studied by any novice investor on their own, and the remaining two can be studied based on customer reviews. Sometimes the broker gives you the opportunity to test the trading platform on a demo account. For example, I did this at Finam.

How to choose a broker yourself

For independent trading in the stock market, finding a broker is the most important step.

But how to check a broker and find the one who offers the best conditions?

Don’t worry: below you will find instructions with the main criteria that a good broker meets. Moreover, for different investors these criteria have different priorities. Some people focus on commissions rather than on the broker’s position in the market. For some, it is critical to be able to open an account remotely and not have to go to a broker’s office, etc. ✅

License

A licensed and regulated broker provides peace of mind. The absence of a license means the absence of any guarantees.

Also, when choosing a broker, pay attention to the jurisdiction in which he operates. The presence of an authoritative regulator will, if not completely insure against risks, then at least reduce them. Large brokers work with serious regulators, such as US, UK, MiFID, and not in offshore zones.

Please note: to work in foreign markets, Russian brokers must have a legal entity abroad.

Market position

High market positions are an objective indicator of the quality and reliability of a broker. The main parameters are: the amount of share capital, trading turnover per day/month/year, active clients, open transactions in the system, etc.

Ratings and current statistics are open information. It can be viewed, for example, on the website of the Moscow Exchange.

Broker commissions

Brokers make money from commissions from transactions. Therefore, in order to attract clients, especially large ones, the broker offers tariff plans with different commission conditions.

As a rule, depositing and withdrawing funds occurs without commissions. Ideally, there should be many input and output methods.

Also, some brokers may charge higher commissions if the account is below a certain amount.

In addition to the brokerage commission, additional fees may apply. Sometimes brokers charge a separate fee for depository services, since assets purchased on the exchange are stored in the depository, which also builds money. Some brokers may have free account maintenance.

Availability

Before choosing a broker, decide on the main tool, since different brokers have different tools in their arsenal.

For many, the threshold cost is critical, and then you need to look for brokers who offer to open an account with a minimum amount. If you have 30,000 euros to invest, then there is room to roam. And with a more modest initial capital, you need to look for other options.

Selecting Tools

Some companies do not have access to American stocks, others do not have access to certain ETFs, and still others do not have access to some bonds. But there are also those who have everything (or almost everything).

A large number of markets and a wide selection of financial instruments indicate the quality of the broker. Even if you are not interested in a particular asset now, in the future, as your portfolio grows, you will be pleased with the variety of instruments.