In 2016, a new product was created by Tinkoff Bank - Brokerage Account. It enables clients of the institution to invest in shares of foreign and domestic companies, making only one click.
Overview of a brokerage account at Tinkoff Bank
On the main page of the account, the investor can see the following tabs:
- "Portfolio".
- "Developments".
- "About the account."
- "Actions".
By going to the "Portfolio" section, you can familiarize yourself with the current state of all currencies and shares that belong to the investor.
Section "Events" displays the cash flow on the account. Each action is shown with a new line. After a click is made on the selected line, all details and details of the transaction are opened before the owner of the brokerage account at Tinkoff Bank. This makes it possible to find out at what time and for what amount these or those securities were purchased or sold.
In the section entitled “Actions”, the broker can replenish the account with a debit card, withdraw funds to it, and also convert currency. The last section is called “About Account”. There is nothing interesting in it. In this tab, the client can view the details of his account. Also, in the "About Account" section, information about the selected tariff is displayed.
Easy account creation
You can hear a lot of good words about the bank. Became the reason for the positive reviews and brokerage account at Tinkoff. From the very first minute of acquaintance with this product, the client can independently verify the quality of the services provided.
One of the main advantages of opening a brokerage account at Tinkoff Bank is its simplicity. Everyone knows that this institution has no branches. An application for creating an account is left on the organization’s website. Within a few hours, a representative of Tinkoff Bank will contact the person and discuss all the terms of the contract.
In the event that the investor is not a client of the bank, then together with all the documents necessary for opening a brokerage account, he will be provided with a debit card of the institution. The procedure for processing all documents takes about three days.
Easy to use product
Another reason for the positive feedback about the brokerage account at Tinkoff Bank is the simplicity of the purchase and sale of foreign currency and securities. To work with the product, you do not need to install any additional software on your computer. All actions are carried out on the bank's website.
To buy stocks, currency or bonds, you need to click on the "Investments" tab. In this tab there is a subsection called “Overview”, where the client is invited to make an investment in the largest companies of the Russian Federation. You can purchase shares of such large players in the stock market as Rosneft, Gazprom, Sberbank, etc.
By choosing a company, the investor activates the possibility of acquiring its shares. In case of doubt about whether to buy shares of a company, the client is given the opportunity to get acquainted with the opinions of world experts. To do this, open the "Forecast" section. In this tab, the owner of the brokerage account at Tinkoff Bank can familiarize with forecasts on changes in the prices of shares of companies, as well as learn recommendations regarding the appropriateness of their purchase.
Stocks and bonds
In order to switch to stocks or bonds, you must first return to the "Investments" section. In the Bonds tab, a broker can buy the least risky securities of large companies of the Russian Federation. But we must remember that such securities have a low level of profitability.
In the “Promotions” tab, the investor has the opportunity to purchase any that are for sale. It can be shares of both Russian and foreign companies. There is a search line in this section, which greatly facilitates the process of searching for options interesting to the owner of the brokerage account.
You can write the name of any company in the search bar and purchase its shares, guided by your own intuition or analysts' forecasts. After the customer has purchased them, he can sell them immediately as the price of them has risen, or wait until their value rises even more.
In the event that the broker decided to hold the shares for a long period of time, he may receive dividends, since he is a shareholder. This approach to working with stocks can bring large returns. For example, Tinkoff Bank shares have tripled over the past year.
Speculating on shares, that is, buying and selling immediately after their appreciation, it should be remembered that the increase should be at least 198 rubles in order to cover the size of the commission for transactions with purchase / sale.
Commission
For Tinkoff brokerage account owners, the tariffs provided by the bank are the same for all that can be purchased through this product. The size of the commission is 0.3 percent of the amount of the transaction. The minimum size is 99 rubles.
A big plus of the service, according to users, is the complete absence of any fee for servicing a depository bank. There is no additional charge for replenishing an account. If the client wishes to deposit currency into his account, then he needs to use the Tinkoff Black card.
When making transactions in foreign currency, the size of the commission is calculated on the basis of the rate established by the Central Bank of the Russian Federation as of the day before the transaction.
Foreign currency purchase
The owners of the brokerage account of Tinkoff Bank have the opportunity to purchase the currency of any country. The advantage of buying through this service is the ability to cheaply withdraw to the institution's currency card.
As already noted, when executing a transaction, a commission is charged in the amount of 0.3 percent of the transaction amount, however, even taking into account such costs, buying a currency through a brokerage account can be more profitable than converting using online banking. But the difference in rates is not always in favor of a brokerage account. There are situations when it is more profitable to convert money in Tinkoff Internet banking than to buy currency using a brokerage account.
The minimum currency that can be purchased on the exchange is one thousand conventional units. Tinkoff Investments provide an opportunity to buy smaller amounts, but you need to remember about the commission. Currency conversion of less than 33 thousand rubles is pointless, because in this case the size of the commission will be 99 rubles, which is more than 0.3 percent.
Not always true advertising
The banner flaunts on the main page, which displays very high profits that can be obtained by buying shares of various companies. But you should not focus on what could have happened if the shares were bought in a certain period.
For example, you can take a large company Rosneft. At the beginning of 2017, its yield was more than 60 percent. Now she has sunk substantially. However, it should be noted that Tinkoff Bank warns its brokers that even if the shares of the company brought in large profits in the past, this does not give any guarantees that they will remain profitable in the future.
Customer as a lender
Another disadvantage of owning a brokerage account at Tinkoff Bank, according to service customers, is that BCS broker is the right to use the funds, the company together with which the bank opened the Tinkoff Investments platform. In documents, by default there is a checkmark that the client agrees to this. He cannot refuse this item.
“BCS broker” has all rights to use the client’s money. This means that in the event of the bankruptcy of this broker, the latter will be forced to return his money and securities in the bankruptcy procedure, which is almost unrealistic.
Limitations
Another drawback is the limit on the withdrawal of money. No more than two million rubles can be withdrawn per day. In currency, you can withdraw to the card from the account 15 thousand euros or dollars. You can also request an urgent translation. Its size cannot exceed 75 percent of the total amount of funds that are on the brokerage account of a bank client. In the event that it is necessary to withdraw a large amount of money, the operation may take two days.
Tinkoff does not provide an opportunity to submit an application for the purchase of shares with its price. This limitation applies to the automatic sale of shares, when it begins to incur losses due to a decrease in its value. Also, the broker does not see supply and demand for the security he has chosen. This can also create some inconvenience to the client.