Tekhnobank
**About Technobank**
Technobank, a Belarusian financial institution with a robust two-decade legacy, offers a diverse array of services as a forex broker. Situated in Minsk with the registration number UNP 100706562, Technobank stands out for its adherence to the new tax regulations in Belarus, granting clients an income tax exemption until 2020. This exclusive tax benefit, however, is set to expire imminently.
Brokerage Services
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Requote-free environment: Leveraging cutting-edge technologies, Technobank ensures swift order execution at the most favorable market rates.
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Competitive spreads: The “TechnoPro” account features attractive spreads starting from just 0 points.
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No negative balance protection: Following European standards, Technobank safeguards traders from losing more than their margin collateral.
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Diverse financial instruments: With over 1500 instruments such as currencies, stocks, and indices, Technobank facilitates direct trading without intermediaries.
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Rapid order processing: The acclaimed xStation5 investment platform guarantees prompt and reliable order execution at desired prices.
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XOH Trader app: The user-friendly mobile app and desktop version empower clients to manage orders seamlessly from any device with just a few clicks.
Techno Invest
Targeting investors keen on international stock markets, Technobank presents the Techno Invest account, designed for tech-savvy traders using the xStation5 platform. Commissions are capped at 0.8%, with a minimum commission of 8 US dollars.
Featuring over 1500 financial instruments, including stocks and ETFs, this account requires a minimum deposit equivalent to the cost of one share (ranging from 25 to 50 dollars). By eschewing margin leverage, Technobank helps mitigate risks, and rollover to the next trading day comes free of additional charges. The bank purportedly assures regular dividend payouts, as per its official statements.
Final Thoughts
Despite the alluring perks proffered by Technobank, it does not command a significant presence even within the Belarusian financial landscape, let alone globally. This lack of prominence may render the bank vulnerable to altering conditions during market fluctuations, potentially impacting clients adversely.
This review has been prepared by the specialists at ExpertsReview.