Tekhnobank
Information about Technobank
Belarusian bank Technobank with over twenty years of history provides a wide range of services as a forex broker. The head office is located in Minsk, UNP 100706562. Thanks to the new tax code of Belarus, the bank offers its clients an exemption from income tax until 2020. The validity period of this preferential offer expires in a short period of time.
Bank broker offers:
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Absence of requotes. The use of advanced technologies allows for prompt execution of each order at the optimal market price.
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Attractive spreads. The “TechnoPro” account offers advantageous spreads starting from 0 points.
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No negative balance. The bank adheres to European standards, guaranteeing that the trader will not lose more than their margin collateral.
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Over 1500 financial instruments. Trading is carried out without intermediaries using over-the-counter instruments such as currencies, stocks, indices, and other assets.
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Fast order execution. The award-winning investment platform of Technobank – xStation5 ensures fast and reliable execution of trading orders at desired prices.
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XOH Trader application. The mobile application and desktop version allow managing orders from any device in just a few clicks.
Techno Invest
For investors preferring trading on international stock markets, Technobank offers the Techno Invest account. This option is focused on using technologies, and investments are made through the xStation5 platform. Commissions do not exceed 0.8%, with a minimum commission of 8 US dollars.
Over 1500 financial instruments are offered, including stocks and ETFs. The minimum deposit is the cost of one share (25-50 dollars). The absence of margin leverage helps reduce risks. Position rollover to the next day is done without additional commissions. The bank guarantees regular dividend payments, at least such a statement is made on the official website.
Conclusions
Despite the tempting offers of the company, Technobank is not among the leading financial institutions even in Belarus, let alone in global rankings. This could lead to rapid deterioration of conditions for clients in case of market turbulence.