Otkritie Broker

What Otkritie Broker does

Otkritie Broker LTD is a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under License #294/16, issued on January 28, 2016. The company operates from Limassol, Cyprus, as a wholly-owned subsidiary of Otkritie Financial Corporation (Public Joint-Stock Company), one of Russia's ten largest financial institutions by assets. It primarily serves Russian-speaking investors seeking European-regulated access to international financial markets.

The company's product offering spans three core services — Investment Advisory, Brokerage Services, and Asset Management — delivered through two tariff plans: a Trader plan ($0.01 per share for US market securities) and an Investor plan (0.24% of trade turnover for eurobonds and structured notes). Trading is facilitated through the QUIK desktop terminal and PocketQuik mobile application, with a voice-order desk (10:00-23:00 Moscow time) and SFTP-based secure document exchange for instruments not available in the terminal. Client assets are custodied at Euroclear and the Depository Trust Company (DTC), enabling access to US and international securities markets. GTM is sales-led and advisory-driven, with direct phone support, email channels, and a client portal.

Revenue is generated primarily through transaction-based commissions ($0.01/share and 0.24% of turnover) plus subscription and terminal fees (e.g., QUIK at $12/month if portfolio value is below $2,000, PocketQuik at $150 one-time plus $15/month). The company has been subject to recurring CySEC regulatory scrutiny over Russian ownership influence, with the sole Director Igor Gutinskiy barred from management duties since 2023 and the ban extended through April 2027.

Name

Otkritie Broker

Legal name

OTKRITIE BROKER LTD

Website

https://open-broker.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Otkritie Broker LTD is a CySEC-regulated Cyprus Investment Firm and wholly-owned subsidiary of Otkritie Financial Corporation that provides Russian-speaking investors with European-regulated brokerage, advisory, and asset management services across global markets through the QUIK and PocketQuik terminals.

Ownership category

akta.pro rank

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage Commissions - US Market: Commission-based revenue from active traders executing transactions in the US market. Traders pay $0.01 per share for stocks, bonds, and currency trades.
2. Brokerage Commissions - Eurobonds and Structured Notes: Commission-based revenue from investors transacting with eurobonds and structured notes. Investors pay 0.24% from trade turnover.
3. Terminal Fees: Monthly fees for QUIK and PocketQuik trading terminals. QUIK is free for portfolios over $2000, otherwise $12/month. PocketQuik is $150 one-time plus $15/month.
4. Non-Standard Order Fees: Commission of $5 per order for submitting orders via voice or paper (alternative to QUIK terminal).

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Otkritie Broker LTD is a Cyprus-licensed (CySEC) European broker providing individual investors with access to global financial markets. Its core offering comprises three services: Investment Advisory (personal financial advice), Brokerage Services (execution of securities transactions on US and international markets), and Asset Management (professional discretionary portfolio management). Clients access these via the QUIK desktop terminal, PocketQuik mobile app, and a voice order desk for off-terminal transactions.

Product overview

Otkritie Broker LTD is a licensed European broker registered in Cyprus, operating under CySEC License No. 294/16. The company is a 100% subsidiary of Otkritie Financial Corporation (Public Joint-Stock Company), one of Russia's ten largest financial institutions by assets. The product offering consists of three core services: Investment Advisory Services (personal financial advisory), Brokerage Services (access to international markets), and Asset Management (professional portfolio management). These services are delivered through two tariff plans: Trader ($0.01/share for US market) and Investor (0.24% turnover for Eurobonds and structured notes). Trading is facilitated via QUIK Terminal (desktop) and PocketQuik (mobile), with voice order capability available for off-terminal transactions. Client assets are held in global depositories Euroclear and DTC, providing direct access to a wide range of global markets and trading instruments, primarily serving Russian-language clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Advisory Services Personal financial advisory services providing individualized investment consultation to help clients define and pursue their investment goals. Targeted at private clients seeking a personal advisor within a regulated European broker.
• Brokerage Services Execution of securities transactions on global markets, including stocks, ETFs, bonds and currencies on US exchanges, plus eurobonds and structured notes. Provides individual investors with full access to international markets through a European-regulated broker.
• Asset Management Professional discretionary management of securities portfolios by a dedicated manager from Otkritie Broker Cyprus. Suited to clients who prefer active, professional management of their investments rather than self-directed trading.
• QUIK Terminal

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• EuroclearcoreTechnology or IntegrationGlobal depository where client assets are custodied. Euroclear is one of the world's largest securities depositories, providing secure settlement and asset servicing infrastructure.
• DTC (Depository Trust Company)coreTechnology or IntegrationUS-based depository where client assets are custodied. DTC provides clearing and settlement services for US securities markets, enabling access to American stock exchanges.
• QUIK Trading SystemcoreTechnology or IntegrationTrading terminal software provider used for market access. The QUIK terminal enables viewing quotations and executing transactions with securities on international markets.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Interactive Brokers: Global multi-asset broker offering US equities, fixed income, and structured products to retail and institutional clients. Comparable as a direct competitor for international securities access, but materially larger and broader in product scope.
• Saxo Bank: Denmark-headquartered multi-asset broker offering equities, fixed income, FX, and structured products globally. Comparable as an international multi-asset broker competing for the same Russian-speaking cross-border investor segment.

Direct peers

• T-Investments (Tinkoff Investments): Digital brokerage arm of T-Bank (formerly Tinkoff), one of Russia's largest retail brokers offering equities, bonds, and structured products. Comparable in retail/brokerage product set but materially larger and Russia-domiciled.
• BCS Financial Group: Russian brokerage and investment group providing access to Russian and international securities markets. Comparable in product scope and CIS-focused client base, though domiciled in Russia rather than Cyprus.
• Finam: Russian broker providing trading in Russian and international securities, asset management, and investment advisory. Comparable in service mix and Russian-speaking client focus; primarily Russia-domiciled.
• ATON: Russian investment group providing brokerage, asset management, and investment advisory to institutional and HNW Russian clients. Closely comparable in target segment, product mix (Russian/Eurobond focus), and distribution model.
• Exante: Cyprus-regulated multi-asset broker offering equities, bonds, ETFs, and derivatives globally, with a strong historical focus on CIS and Russian-speaking clients. Most direct comparable in domicile, regulatory model, and target client base.
• Libertex Group: Cyprus-based multi-asset broker serving retail and professional clients across Europe and CIS with equities, FX, and CFDs. Comparable in Cyprus domicile, European regulation, and CIS/Russian-speaking client focus.
• Just2Trade: Cyprus-based online broker with historic focus on Russian-speaking clients, providing access to US equities and international markets. Closely comparable in regulatory model (CySEC) and Russian-language service orientation.
• Freedom Holding Corp / Freedom Finance: US-listed brokerage group with significant CIS and Russian-speaking client franchise offering equities, fixed income, and research. Direct comparable in niche specialization, cross-border access, and Russian-language service.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/OtkritieBrokerLTD
• LinkedInlinkedin.com/company/otkritie-broker-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Otkritie Broker