Tinkoff brokerage account - all conditions for novice investors

Tinkoff brokerage account - what is it?

It seems to a novice investor that understanding the terminology and investment conditions will be incredibly difficult. In fact, there is nothing difficult here. Tinkoff Bank offers clients simple and understandable investment tools.

First, let's understand what a brokerage account is and how it works. A person himself cannot trade on the stock exchange. For this, he needs an intermediary who has a license from the Central Bank to carry out financial transactions.

A bank, for example, Tinkoff, becomes such an intermediary. In this scheme, the bank will be called a broker, and its client will be called an investor. The interaction between the investor, broker and exchange is carried out according to the following scheme:

The broker transmits to the stock exchange an order from the investor to buy or sell a particular share of the company. To do this, the investor opens a brokerage account with the bank. It is needed so that the client can give instructions to the broker and pay for the purchase of shares.

The brokerage account receives dividends on shares and coupons on bonds in dollars and rubles. Taxes on profits are also automatically paid from it.

Management fee

This is a traditional story for any mutual fund; in this situation, the development of events is unacceptable, since there is not a word about this in the application. And people who have not previously worked with such tools simply will not find the information. It turns out that the brokerage company will live off your funds from the profit commission; if the market grows, you will pay 10% on the profit, and no one has canceled the 13% personal income tax. All in all, the tool is not cheap. Dividends are reinvested; they are not paid in this case.

The obvious advantage in this case is the low denomination, which means that the instrument can be used as a jar for coins. For small amounts of dollars/euro, you can look for an instrument, but they are still expensive.

Brokerage company Tinkoff: history and what the company offers

Tinkoff Bank is currently the third bank in the country in terms of sales of banking products to the population. This is a completely online project. The company does not have its own branches.

Tinkoff Bank was founded in 2006 by Russian entrepreneur Oleg Tinkov. The businessman decided to try a remote banking model in Russia. Over time, it turned out that this innovative solution was successful.

In 2007, the bank began issuing credit cards, and in 2009, Tinkoff debit cards. The company abandoned Visa plastic cards, focusing on cooperation with the MasterCard system.

In 2021, Tinkoff Bank launched an investment program. His clients were able to buy and sell securities and receive income from the difference in stock and currency prices. Now this is one of the leading areas of the company.

To carry out investment activities at Tinkoff, you must issue a debit card. The most popular debit card was Tinkoff Black with the opportunity to receive cashback on any purchases.

How to open a brokerage account at Tinkoff

No funds are needed to open a brokerage account with Tinkoff Bank - it is done free of charge. Anyone can open such an account with Tinkoff. The main thing is to meet three conditions:

• age 18 or more;
• citizenship of the Russian Federation;
• having a permanent residence permit in the Russian Federation.

The following algorithm of actions depends on whether the person is a client of Tinkoff Bank and whether he has a debit card.

I have a Tinkoff debit card

In this case, opening a brokerage account with Tinkoff Bank will be extremely simple. You can sign documents online, that is, without visiting a bank office.

To open an account you need:

1. Leave a request on the Tinkoff website by filling out the following fields: full name, phone number. To do this, you will also need a passport and email address. You can also download the Tinkoff Investments mobile application and fill out an application there.
2. Sign the application to open an account by inserting the code from the SMS into the field.

When the invoice is ready, Tinkoff will inform the client about this by sending an SMS to their phone number and an email.

No Tinkoff debit card

If there is no Tinkoff debit card, the bank will issue a Tinkoff Black card for the client. With its help, you can replenish your brokerage account and withdraw money from it free of charge and at any time. In this case, you will need to sign the account opening agreement in person.

A bank representative will deliver the Tinkoff Black card and documents to the specified address at a time convenient for the client.

To open a brokerage account with Tinkoff you must:

1. Fill out an application on the bank’s website or in the Tinkoff Investments online application.
2. Sign the application with the code from SMS.

After opening an account, the bank will also notify the client about this by sending an SMS and an email.

Important! If the Tinkoff Black card has not yet been delivered, and the brokerage account has already been opened, you can start trading shares on the stock exchange. To do this, you need to top up your account from a card of any bank. You can only withdraw funds from your account to a Tinkoff Black card.

Investments Premium

A premium account expands the user's investment capabilities:

• a personal manager works with the investor, who is ready to advise on investments at any time via chat;
• access to over-the-counter financial instruments and securities of world exchanges;
• access to a simple analytics service: market reviews, company reports, investment ideas;
• Tinkoff premium card as a gift (which includes concierge service, free insurance for the whole family and access to Lounge Key business lounges.

The premium service algorithm consists of several stages:

• filling out a questionnaire: answering 10 questions about goals, attitude to risk and investment experience;
• determining the type of investment portfolio that will suit the client;
• formation of an investment portfolio taking into account interests and desired currencies;
• assistance in obtaining the status of a qualified investor for access to world exchanges.

Terms and rates

The next step after opening a brokerage account is choosing the appropriate tariff. The bank provides three tariffs for investors: “Investor”, “Trader”, “Premium”. Working conditions and commission sizes differ between them.

Tariff "Investor"

Suitable for beginner investors, those who plan to trade less than 116,000 rubles per month. Users of this tariff pay a commission of 0.3% of the transaction amount or 10 rubles per contract for transactions with futures.

Everything else is free: opening, closing and maintaining an account, depositing and withdrawing funds, depository services.

Tariff "Trader"

Suitable for advanced investors, those who plan to trade on the stock exchange using large sums. The commission for transactions in the “Trader” tariff is 0.05% and 0.025% before the exchange closes if the daily turnover exceeds 200,000 rubles.

The commission for futures transactions is as follows:

• 5 rubles per contract if the exchange fee for it is less than 5 rubles;
• 10 rubles per contract if the exchange fee on it is equal to or more than 5 rubles.

Servicing an account in the tariff will cost 290 rubles per month. It will be free in the following cases:

• if the client does not trade on the exchange;
• if the user has a Tinkoff Premium card;
• if the turnover of transactions on the stock exchange for the last billing period was more than 5 million rubles;
• if there is more than 2 million rubles in the brokerage account.

Opening and closing an account, as well as depositing and withdrawing funds will be free.

Premium tariff

This is a tariff for large investments. The commission for transactions there is 0.025%. Account maintenance for users will cost 3,000 rubles monthly.

This price includes round-the-clock support from a personal manager and consultations with bank analysts who help you decide on the choice of investment direction.

If the portfolio amount is from 1 million to 3 million rubles, then the account maintenance fee will be 990 rubles. If the amount on the account exceeds 3 million rubles, then it will be serviced free of charge.

You can change the tariff in your personal account on the company’s website or in the mobile application.

Real reviews

The situation with reviews from users of brokerage services is quite favorable. The number of positive or neutral comments outnumbers the number of negative reviews. However, with the feedback from the organization’s employees, things are a little worse.

Next, I will talk about general trends in the work of a broker, on which people from different sides of the relationship most often express their opinions.

Traders

Investors for the most part like the trading terminals, interface and analytical support provided by the brokerage agent. However, traders also point to high levels of overall trading costs and technical glitches in the brokerage terminal or online application.

Clients

The brokerage line of Tinkoff Bank does not involve fiduciary asset management, so the clients are independent traders. The situation according to their reviews was described above.

Employees

Employees of financial institutions are often dissatisfied with working conditions and wages. Many point to legal loopholes in contracts under which a company fires its employees without proper justification.

How to use a brokerage account at Tinkoff

In the Tinkoff Investments service you can buy and sell currency, shares and bonds of Russian and foreign companies. To do this you need to master a few simple functions.

Top up your account

You can top up your brokerage account for free using a Tinkoff Bank debit card in any currency, or another card from any bank in rubles.

If the client has a Tinkoff debit card, then there is no need to replenish the brokerage account at all. When a transaction is completed, the bank will automatically transfer money from the debit card to the brokerage account and debit it instantly.

It is important to understand that without replenishing a brokerage account it will not be possible to buy shares or bonds on the stock exchange. It also receives money from the sale of securities. These funds can then be withdrawn to any suitable card.

Buy shares

Before purchasing shares, you can familiarize yourself with their full list in the “Shares” section on the bank’s website or in the mobile application. Here you can easily set up a filter that sorts stocks by industry, profitability and currency.

If it is difficult to immediately decide on the choice of stocks, you can use the services of a built-in robo-advisor. After this, you can proceed to purchasing securities.

Important! It is worth considering that trading on the exchange takes place only during working hours, which are determined by the exchange itself. Weekends and holidays are excluded from this time.

The process of purchasing securities looks like this:

1. Authorization on the website or mobile application.
2. Selection of stocks and bonds. You can only buy shares in lots. One lot can contain 1 share, or 2, or 10, or 100 or more. Bonds and ETFs can be purchased one at a time.
3. Selecting the number of lots of shares.
4. Confirmation of the purchase of shares and bonds with a code from SMS.

The price of securities on the stock exchange can change frequently - even every second. Therefore, in order not to cancel the transaction due to price fluctuations, on the purchase page the share price will be higher by 0.3%.

Buy currency

You can buy currency in the Tinkoff Investments service in the mobile application and on the bank’s website. In the mobile application at the bottom of the screen you need to select the “What to buy” section and go to the “Currency” tab. This can be done on the bank’s website in the “Investments” section. Here you need to select the “Catalog” menu and click the “Currency” button.

You can buy currency in the Tinkoff Investments service:

• dollars;
• Euro;
• yuan;
• Hong Kong dollars;
• yen;
• liras;
• francs;
• pounds.

Important! The exchange rate on the stock exchange is always more favorable than in the bank.

Sell ​​shares

In order to sell shares or bonds of companies from your portfolio, you need to select them and click on the “Sell” button. Money from the sale of securities is credited to a multi-currency brokerage account.

Withdraw money

Money from a brokerage account can be withdrawn at any time without commissions and without any restrictions to a Tinkoff debit card or Tinkoff Black multicurrency card. But you can only withdraw rubles, dollars and euros. If there is any other currency on the account, you must first sell it on the exchange, and then withdraw funds.

Share price

One of the main features of Tinkoff Capital exchange-traded mutual funds (it is also the main advantage) is the negligible size of the share. Judge for yourself: the initial cost of a ruble fund share is only 5 rubles, and the dollar and euro fund is 6 cents (eurocents). Now, of course, when trading is underway, the price of the share increases - but still the entry threshold is negligible. The Russian market has truly never seen anything like this. Investments are available from literally 5 rubles.

By the way, it is necessary to take into account how the cost of a share of the “eternal portfolio” develops. It is determined as the result of dividing the value of the fund’s net assets (i.e., the entire capital of the mutual fund) by the number of shares. The number of shares is unchanged, but the NAV is growing as new investors flow in, as well as the rise in price of the “components” of the fund’s portfolio.

At this price (with a spread, of course) the shares are sold by the market maker. And private investors can place orders for sale/purchase at their own price - due to this, the price depth is formed.

Useful services from broker Tinkoff Bank

The Tinkoff Investments service has several useful features that make the investment process as convenient and simple as possible.

Mobile app

The Tinkoff Investments mobile application for devices on Android and iOS operating systems helps to conduct investment activities even in the absence of a computer - through a mobile phone.

You can download the program on the bank’s website or download it to your phone using the QR code indicated on it. The application allows you not only to carry out transactions for the sale and purchase of valuable shares, but also to receive online advice on investing.

Robo-advisor

A robo-advisor or robo-advisor is a special built-in function that helps investors decide on the choice of stocks and bonds to buy and sell. You can use it for free.

The function is activated after going to the “What to buy” tab. Based on the user’s data, the electronic advisor will create a portfolio of suitable securities for him.

Technical support

On the Tinkoff Bank website or mobile application, you can contact service specialists and get advice on all issues of interest regarding investing. You can do this by calling the bank's toll-free number or writing an email to the service.

Answers on questions

How long does it take to open a brokerage account with Tinkoff?

A brokerage account with Tinkoff opens within 5-30 minutes. If the application is sent after 7 pm Moscow time or on a weekend, the account will be opened immediately on the first working day.

Do I need to pay a commission to Tinkoff Bank for servicing a brokerage account if I don’t buy or sell anything?

No no need. The bank does not charge an account maintenance fee if the client does not trade on the exchange. For the “Investor” tariff, no commission is charged even if transactions are completed.

Will I have to pay taxes on investment income?

Yes, you will have to pay taxes on investment profits: 13% and 15% if the annual income exceeds 5 million rubles. Tax on dividends and coupons is written off immediately. The money is credited to the account minus tax. And the tax on the sale of stocks and bonds is withheld when withdrawing money to the card during the year.

What if I want to buy shares of a company, but their price does not suit me yet. How not to miss a decline in the price of a company's securities?

In this case, you can leave a request to Tinkoff Bank, where you should indicate the desired price for the company’s shares. As soon as the price of the organization’s securities reaches the value specified in the application, the broker will buy them.

How can you pay for shares of a foreign company if they are sold in dollars?

You can pay for dollar shares in three ways: using a Tinkoff ruble debit card, a Tinkoff multicurrency debit card, and purchasing currency on the exchange. In the first case, the conversion of rubles into dollars occurs automatically at the bank rate.

Margin trading

This is a commercial trading option that allows you to make transactions not only with your own money and securities. You can borrow them from the Tinkoff broker, and then return them, leaving dividends for yourself. Trading in “long” and “short” modes is provided. In the first case, the client can participate in short or long-term operations. At the moment, only long margin trading is available at Tinkoff , but in the future a person will be able to play “short-term”.

This is a way to carry out trading operations on the stock market, where you can increase your finances through food from other investors.

Start investing with Tinkoff

Briefly about the main thing

Rapidly growing inflation and the instability of the economic situation in the country today are forcing people to look for more reliable ways to preserve and increase capital.

One of these methods was investing in company securities. Tinkoff Bank offers a convenient and simple service for beginners and advanced investors who want to receive a stable high income.

In order to start investing with Tinkoff Bank, you need to open a brokerage account with it, choose a tariff plan and start buying and selling shares, bonds and currencies. Using the filter, you can sort securities in order of their value, profitability, and industry sector.

A special built-in function – a robo-advisor – will help you decide on the choice of stocks and bonds in the service. You can carry out transactions both from your computer and from your mobile phone.

Sincerely, Elena Lenskaya specially for the proudalenku.ru project

Robo investment advisor

The robot advisor program forms the client’s investment portfolio. The advisor selects suitable stocks and bonds, distributing investments among various businesses and industries. Based on the questionnaire data, the algorithm:

• determines the type of preference;
• selects assets for purchase in the specified amounts and currency;
• uses analysts' advice and forecasts for specific securities when forming the best offer;
• with an investment of $600 or 30,000 rubles. takes into account other criteria when offering shares (or other instruments):
  “High potential”;
• "Growing;
• "With constant dividends."