Lazy Investor Blog > Stock Exchange
Sometimes interesting and competitive terms of service are offered by far from the largest brokers. In the shadow of the giants, companies that also have something to offer may be invisible. In this review I will share my review of the Uralsib banking broker.
Broker Uralsib was created in 2006. The number of its active clients is about 1 thousand people. (at the time of writing - 14th place in Russia), and the monthly turnover on the stock market is less than 4 billion rubles. (22nd place). Such modest indicators are difficult to explain against the backdrop of already quite a long period of work on the exchange market. Especially considering that in some respects Uralsib has the most favorable conditions among Russian brokers.
About the broker
| Name | LLC "URALSIB Broker" |
| Year of foundation | 1990 |
| Regulator and license | License for brokerage activities number 045-12732-100000 dated December 8, 2009, issued by the Central Bank of the Russian Federation License to carry out depository activities number 045-11682-000100 dated October 21, 2008, issued by the Central Bank of the Russian Federation License for dealer activities number 045-12734-100000 dated December 8, 2009, issued by the Central Bank of the Russian Federation License of a professional participant in the securities market to carry out securities management activities No. 045-06475-001000 dated March 5, 2003, issued by the Federal Securities Commission of Russia License to carry out activities for managing investment funds, mutual investment funds and non-state pension funds No. 21-000-1-00037 dated July 14, 2000, issued by the Federal Commission for the Securities Market of Russia |
| Requisites | BIC 044525787 R/S 40701810600540000026 C/S 30101810100000000787 TIN 7702526358 Gearbox 770401001 |
| Reliability rating | Expert RA: A+ “stable” (according to Russian gradation) ACRA: ВВВ - “stable” (according to Russian gradation) Fitch Ratings: B+ “stable” |
| Trading platforms | Stock, derivatives and foreign exchange sections of the Moscow Exchange Foreign securities market OTC market |
| Trading platform | QUIK / PocketQUIK |
| Minimum deposit | No limits |
| Authorized capital | RUB 36,013,469,735.70 |
| Head office address | 119048, Moscow, st. Efremova, 8 |
| Official site | https://www.uralsibenter.ru/ |
| Hotline number | +7 |
| Free demo account | Eat |
| Minimum commission | 0.0212% – stock market, subject to a turnover of 10 million rubles. in a day 0.2 rubles/contract with an amount in the account over 500 thousand rubles. – derivatives market 0.00600% – currency with a turnover of over 200 million rubles. |
| Rating | 4.5 out of 5 |
Mutual funds from Uralsib Management Company
The Uralsib management company has been operating on the market since 1996. Its main areas of activity: pension programs, mutual funds, trust management. Currently, the offer for private investors includes 10 open-ended funds. The minimum amount to start investing both through a management company and through agents is 1000 rubles. Conditions for purchasing and redeeming shares:
| Purchase | ||||||||
| Through the management company | Through agents | |||||||
| Purchase amount | Surcharge | Purchase amount | Surcharge | |||||
| Less than 3 million rubles. | 0,5% | Less than 3 million rubles. | 0,5% | |||||
| 3 or more million rubles. | 0% | 3 or more million rubles. | 0% | |||||
| Redemption | ||||||||
| Through the management company | Through agents | |||||||
| Sum | Tenure period | Discount | Sum | Tenure period | Discount | |||
| Less than 3 million rubles. | ≤ 731 days | 3% | Less than 3 million rubles. | ≤ 731 days | 3% | |||
| >731 days | 0% | >731 days | 0% | |||||
| 3 or more million rubles. | ≤ 731 days | 0,5% | 3 or more million rubles. | ≤ 731 days | 3% | |||
| >731 days | 0% | >731 days | 0% | |||||
For each fund, in addition to the portfolio composition, profitability and general description, its manager is indicated with a brief biography. Such information is rare and strengthens trust in the company. Additionally, at the time of writing, all funds had positive total returns, which is also uncommon.
As an example, let’s look at the leader of the rating – the mutual fund “Growth Shares”. Its peculiarity is that it invests in both Russian and foreign securities without reference to stock indices. Here's what the distribution of his funds looks like now:
The strategy is based on the purchase of securities, including the second tier, with the greatest growth potential. The description states that the portfolio composition is optimized daily. The fund's return over the entire period of its existence (from the beginning of 2000 to the present day) is on average 20% per annum. This is a unique indicator for the Russian market. But other funds generally show good returns. Let’s use the mutual fund portfolio constructor on the website of Uralsib Management Company – uralsib-am.ru. There are 2 modes: automatic and independent.
The automatic one asks you to answer several questions that reveal the psychological qualities of the investor. Based on the answers, the algorithm creates a portfolio. Its disadvantage is that in practice there are rarely more than 3 mutual funds in a portfolio, and the logic of their selection is not very clear. In manual mode, the user can select any of the available mutual funds and indicate its share in the portfolio. But you have to go through the options, since no auxiliary tools are provided. Here is an example of a portfolio selected this way:
I also recommend reading:
Eternal portfolio from Tinkoff Capital: investor review
Tinkoff offers investors an Eternal Portfolio, my opinion on it
As you can see, this is just an illustration and not an optimized solution. Nevertheless, the result turns out to be quite good. We get a fairly smooth return graph, averaging 15% per annum:
Uralsib's portfolio constructor is a convenient service, but it clearly lacks mathematical tools for more advanced users.
Brief history of the broker and awards
Uralsib Capital is part of the group of companies of the UralSib financial corporation. The holding itself began its history in 1993 as a financial organization consulting and providing investment services for the Lukoil company.
Further, the corporation increased in size and actively carried out mergers and acquisitions. Now it is one of the largest banking structures in the country. At the end of 2015, the group managed to participate in an economic recovery program organized by the Deposit Insurance Agency.
In the field of brokerage, the Uralsib Capital organization does not have any distinctive awards.
Alternatives
Uralsib Capital's competitors on the stock market are large Russian banks, Tinkoff, Sberbank, Promsvyazbank, as well as other financial organizations.
Reliable Russian brokers
| Name | Rating | pros | Minuses |
| Finam | 8/10 | The most reliable | Commissions |
| Opening | 7/10 | Low commissions | Imposing services |
| BKS | 7/10 | The most technologically advanced | Imposing services |
| Kit-Finance | 6.5/10 | Low commissions | Outdated software and user interface |
Broker Products
In addition to the main brokerage activities, which involve independent online trading, Uralsib Capital provides a whole range of products. Clients have access to analytical materials, demo accounts, trust investment management, individual investment accounts (IIA), structured products, etc.
Structured Products
Uralsib Capital is ready to offer investors investments in ETFs or their own mutual funds (UIF). From the current list, you can pay attention to the following products (see table).
| Name of mutual fund | Description |
| Open Investment Fund "URALSIB Natural Resources" | A portfolio of securities of Russian and foreign issuers, from the oil and gas industry. |
| Open Investment Fund "URALSIB Global Innovations" | A diversified portfolio of technology stocks around the world. |
| Open investment fund "URALSIB First" | Investments in the most liquid and large Russian chips. |
| Open Investment Fund "URALSIB Global Shares" | Investments in shares of promising American issuers. |
| Open investment fund "URALSIB Professional" | One of the most balanced portfolios, which includes shares and bonds of companies with wide diversification across sectors |
| Open Investment Fund "URALSIB Growth Shares" | Investments in shares of dynamically developing businesses, both in Russia and in the world. |
| Open Investment Fund "URALSIB Global Bonds" | Reliable bonds issued mainly by governments and major corporations |
| Open investment fund "URALSIB Conservative" | Fund with ruble bonds of the largest Russian issuers |
Uralsib Capital does not set a minimum entry threshold for investing in mutual funds; buy a share worth about 1 thousand rubles. Any client can, which will provide him with a wide level of diversification for a penny investment.
IPO
Uralsib Capital allows qualified investors to participate in primary and secondary offerings.
More
Uralsib Capital provides its clients with materials on analytics and evaluation of exchange-traded instruments, and publishes small summaries on the situation on world markets. Additionally, it offers services of non-state pension funds, trading in precious metals, and investment coins.
Personal investment recommendations and trust asset management are available. Uralsib Capital can provide professional participants with an expanded selection of investment instruments and special conditions for brokerage services.
QUIK program features
For individuals, a special QUIK program is provided free of charge. You can install it on any personal device running Android, iOS, or a personal computer operating system.
KVIC is a kind of analogue of a workplace that is used by stock traders. It provides the following user needs:
- Conduct trading operations (trade securities);
- Place orders (both for current execution and for a given value);
- Receive complete information about the current state of the client portfolio. You will always have access to data on the margin resources used. And also about the currently available funds that can be used to open new positions;
- The built-in programming language allows you to create automated operating algorithms.
- An individual has the opportunity to communicate via SMS with the administrator (URALSIB Capital broker employees are always ready to answer questions if necessary), as well as with other users.
Install the KVIC program on your personal device and trading operations on your brokerage account will be available to you
Installing the program is quite simple, and the intuitive interface makes the first steps in getting to know the program easier and makes it easier to work with a brokerage account.
Working with a broker
Interaction with the brokerage direction occurs with the participation of the banking structure. True, the procedure for opening an account is a little non-standard. I'll talk about this a little later.
To buy Uralsib Capital mutual funds, you do not have to open a special account, just register in your personal account.
Registration on the official website
To register and create a personal account on the official website of Uralsib Capital, you will need an active record on “Gosuslugi”: all data about the investor is automatically synchronized with this service. If there is no active account on this portal, then you can enter your passport and contact details manually, but then you will still have to confirm them when visiting the office.
Instructions for opening an account
This is where interesting metamorphoses begin. To open an account, Uralsib Capital first offers to download and install a trading terminal. Through it, the client enters all the data, and only then signs a completed agreement for brokerage services.
In addition, the company will offer the investor to open a bank account in order to subsequently make transactions for money transfers between banking and brokerage structures.
Demo account
To get a demo version of an account with Uralsib Capital, just download the terminal and enter standard identification data, after which the investor receives fictitious access, completely similar to real exchange trading.
Account replenishment and withdrawal of funds
Replenishment of a brokerage account with Uralsib Capital occurs through bank transfers using a current account opened previously. Internal deposit and withdrawal operations are carried out using non-trading orders in the Quik brokerage platform.
Technical support
If you have any questions, you can contact Uralsib Capital's unified customer support service. After registering your personal account, an online chat with company specialists also becomes available. This is a fairly convenient and quick way to get the necessary information.
Real reviews
It is a rare situation when the number of positive reviews sharply exceeds the negative rhetoric. But this is exactly the case here.
Traders
With the exception of some minor technical issues, most traders are completely satisfied with Uralsib Capital. This is a very good sign.
Clients
We can say that on average, clients who are not active traders, but use one-time brokerage services or additional products, are overwhelmingly satisfied with the services provided to them.
Employees
A look at the financial corporation from the inside through employee reviews shows that there are certain problems in the working conditions in the organization.
What is the best way to trade: on your own or through professionals?
If you have experience in trading, you can independently create and implement an investment portfolio. Investors entering the stock market for the first time should read reviews from professionals and educational materials.
If you don't want to take the time to invest or don't have the relevant experience, turn your finances over to qualified professionals. The best option is to open an IIS in the manager.
The amount of the retained commission for the services provided is calculated personally.
We recommend the article: Online application for a URALSIB debit card.
