Open Broker

Otkritie Broker is a well-known entity with mixed reviews. For instance, on investotzyvy.com, it has a rating of 2 out of 5 stars, with the service noting attempts at reputation manipulation, which were unsuccessful.

A recent review highlighted numerous drawbacks of the company, labeling investment with them as a huge mistake. The reviewer warned that Otkritie Broker fails to deliver on its promises. He recounted losing $100 initially and then only receiving $140 of the remaining deposit, with an additional $300 being inaccessible for withdrawal.

Another individual was enticed by a certain Egor Mikhailovich, who praised Otkritie Broker and assisted in making an initial deposit. Trusting his advice, the person invested $1,400 but was unable to withdraw it. Support consistently ignored his queries, and emails also went unanswered.

On financer.com, several reviews were posted. One user experienced trouble closing an ETF position for two consecutive days. The bank claimed it was due to a holiday in the U.S., halting market operations. However, it turned out that the holiday was four days away.

A reviewer mentioned that Otkritie Broker unknowingly enrolled his wife in a brokerage tariff, deducting a percentage from the deposit each month, resulting in a loss of 30,000 rubles in six months. The reviewer only became aware of this debt when notified about the use of a paid service.

Numerous reviews on brokers-rating.ru echo similar sentiments. Traders warn about unexplained disappearances of funds from accounts. They also highlight the scarcity of Otkritie Broker’s offices and the poor performance of its technical support, which is often unresponsive.

Numerous former clients of Otkritie Broker are dissatisfied that in March 2022, their securities were silently transferred to the non-trading NSD, rendering them unsellable for over four months. There are widespread complaints about the inefficiency of Otkritie Broker’s offices.

For assistance in forcing Otkritie Broker to process fund withdrawals, clients are advised to file complaints with Rating Forex. Lawyers offer immediate and free assistance in such cases, working to recover funds from the broker, even in complex situations.

Cooperation terms

Otkritie Broker offers traders and investors the ability to trade in stocks, bonds, funds, ETFs, precious metals, currencies, futures, and indices. They provide ready-made solutions like their own funds and Individual Investment Account (IIA) strategies.

To invest with Otkritie Broker, one can choose from four tariffs:

1. “All-inclusive”: Stocks and bonds from 0.08% per transaction.
2. “Investment”: Stocks and bonds from 0.05%. Reduced commissions for positions over ₽130,000, for investors with a capital of ₽5 million.
3. “Premium”: Stocks and bonds from 0.005% to 0.05% per transaction. Monthly service cost of ₽150, for capitals over ₽5 million.
4. “Speculative”: Stocks and bonds from 0.012% to 0.043% per transaction.

Most accounts are designed for traders with large turnovers or substantial initial capital. Beginners have two options: the “All-inclusive” and IIA, but they incur the highest fees. However, IIA offers tax refunds or tax deductions.

How do they deceive people?

Otkritie Broker, a legal brokerage firm, has avoided outright scams but faces major issues. Key problems include ineffective customer support, requiring in-person office visits for online services, leading to significant dissatisfaction. Their support team often gives misleading excuses, such as blaming U.S. holidays for trading issues. Management pressures staff to sell unnecessary, expensive options, causing customer complaints.