Tekhnobank
Bank “Technobank”
Bank “Technobank” is a major financial institution in Belarus that also provides brokerage services. It is a licensed intermediary in the Forex market, dealing with futures, CFD contracts, stock indices, ETF funds, and currencies. The company’s main advantages include no requotes, tight spreads, balance protection, over 2000 trading instruments, the use of a leading trading platform, and extensive experience.
Bank “Technobank” was established in 1994 in Belarus and is registered in the Unified State Register of Legal Entities and Individual Entrepreneurs. The company provides a full range of licenses and certificates, as well as contact information, including the main office address, phone numbers, email, and an online feedback form.
Trading Opportunities of Bank “Technobank”
The bank offers a wide range of trading products, including currency pairs in the Forex market, futures on various assets, CFDs on stocks and ETF funds. Spreads range from 0.00002 to 226 points, leverage from 1:33 to 1:100, rollover from 0 to 28 days. Clients can choose from the following types of accounts:
- Techno Start. For beginner traders with instant trade execution, an STP account, access to a variety of assets, leverage up to 1:100, low spreads, automated trading, and the xStation trading platform. Recommended deposit – $50.
- Techno Standard. Extended access to CFD and ETF stocks, over 2300 assets, reduced spread for euro/dollar, 0.08% commission. Recommended deposit – $500.
- Techno PRO. High-level service with market execution, low spreads, and commissions. Recommended deposit – $1500.
- Techno Invest. For investors, providing access to CFD and ETF stocks, leverage up to 1:1, over 1900 assets, and trading on xStation. Recommended deposit – $10,000.
Deposit and Withdrawal of Funds
Clients can fund their accounts via bank transfer, credit card payment, or through the “Raschet” system (ERIP). The bank does not charge fees for deposits. Withdrawals are made via bank transfer without bank fees. The average processing time for a withdrawal request is up to 2 business days.
Conclusion
Bank “Technobank” is a reliable partner with years of experience in the market. The company emphasizes its legality and licensing. It is recommended to consult experts in the field of financial services when choosing a broker to minimize risks and ensure the security of your financial assets.
My experience with Tekhnobank was extremely disappointing and frustrating. The customer service was unresponsive and unhelpful, often leaving me waiting for hours or even days just to receive a response to my queries. Moreover, the fees and charges were exorbitantly high with numerous hidden costs that were not explained upfront. The platform is also outdated and not user friendly, resulting in a cumbersome user experience. Overall, I find Tekhnobank’s services to be unsatisfactory and would not recommend it to anyone.