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Tekhnobank Companions with XTB, Enters Belarus’ OTC FX Market

Tekhnobank OJSC introduced at the moment that it has entered into the over-the-counter (OTC) overseas trade (foreign exchange) sector of the Republic of Belarus with the assistance of XTB Group, a Polish foreign exchange large, by launching a brand new service for making transactions on the OTC foreign exchange market.

This service, which is offered for Tekhnobank’s personal purchasers, was launched this month, the assertion mentioned. The specialised software program is offered by way of the next URL, make investments.tb.by, and relies on XTB’s xStation5 buying and selling platform, which is without doubt one of the most superior on the Belarus market.

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By partnering with XTB, by the brand new service, purchasers have entry to greater than 1,600 OTC monetary devices and spreads from zero pips. Through the use of the xStation5 buying and selling platform, Tekhnobank’s purchasers may profit from its dependable execution utilizing the STP mannequin, monetary evaluation, present quotes, technical evaluation and extra.

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The brand new service additionally contains damaging steadiness safety. This observe, while needed within the European Union because of regulation from the European Securities and Markets Authority, is just not required in Belarus.

Commenting on the brand new service, the Tekhnobank OJSC Operations Director Igor Fut mentioned (translated): “Cooperation with Tekhnobank will enable prospects to get an expert instrument for performing operations with derivatives in a handy format of distant upkeep, high-quality, financially dependable and high-speed service.”

“We have now a most job – to alter the prevailing stereotype of the OTC Foreign exchange market and provide our purchasers options that transcend the boundaries of short-term high-risk operations. The method of registering, creating and replenishing an account to connect with the buying and selling platform is straightforward and doesn’t require a go to to the financial institution – the consumer identification process takes place remotely within the Digital Consumer Private Account (vlk.tb.by) service based mostly on passport information and doc photographs.“

Tekhnobank was an early member of the Belarusian FX market

Tekhnobank was the second financial institution in Belarus to develop into accredited by the nation’s foreign exchange market regulator, after MTBank entered the market in July 2016 with Dukascopy financial institution. Tekhnobank has 13 branches in Minsk and regional centres all through Belarus.

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