Cifra Broker
Cifra Broker is a Bank of Russia-licensed Moscow-based investment company offering brokerage, depository, and fund services to Russian retail, qualified, and professional investors via its Tradernet platform, mobile apps, and QUIK terminal.
- Company typePrivate
- Founded2010
- HeadquartersMoscow, Russia
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Cifra Broker does
Cifra Broker (ООО «Цифра брокер») is a Moscow-based investment company founded in 2011, licensed by the Bank of Russia for broker, dealer, depository, and securities management activities, and a member of NAUFOR. The company provides a multi-product brokerage platform targeting primarily Russian retail investors, with additional service tiers for qualified and professional/institutional clients. Its core offering spans brokerage and depository services, Individual Investment Accounts (IIS) with tax benefits, mutual fund products (including the closed-end ZPIF 'Fund VDO of Developing Russian Companies' and a Primary Placements Fund), and a Brokerage Savings D-Account yielding up to 10.24% annually.
Trading and account access are delivered through a proprietary web platform (Tradernet), official iOS/Android mobile applications, and the QUIK professional terminal (v12.5.0, provided by ARQA Technologies), with a reported onboarding flow under five minutes via remote verification. For qualified investors, Cifra Broker distributes currency-denominated bonds through the Astana International Exchange (AIX) via Freedom Finance SPC Ltd, forward contracts on 100+ foreign stocks, ruble savings via REPO (11.85%-13.15%), and USD fixed-income placements (3.65%-5.85%). The company also operates a premium 'Cifra Private' tier offering personalized trading plans and a Cifra Broker Academy educational platform.
The business model is multi-stream: tiered per-trade commissions (0%-0.12% depending on monthly turnover and tariff), a 675 RUB/month 'All Inclusive' subscription, D-account float income, investment advisory fees, and fund management/spread economics on the proprietary closed-end funds. Distribution is digital-first direct-to-consumer via website and mobile, with no field-sales enterprise motion. Infrastructure partners include Moscow Exchange, the National Settlement Depository (NRD), ARQA Technologies (QUIK), and Vostok-Zapad Management Company for fund administration. ISO/IEC 27001:2013 and ISO/IEC 27701:2019 certifications support information security and privacy positioning.
Cifra Broker firmographics
Firmographics- Name
- Cifra Broker
- Legal name
- ООО «Цифра брокер»
- Website
- https://cifra-broker.ru
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Cifra Broker is a Bank of Russia-licensed Moscow-based investment company offering brokerage, depository, and fund services to Russian retail, qualified, and professional investors via its Tradernet platform, mobile apps, and QUIK terminal.
- Ownership category
- akta.pro rank
Cifra Broker industry classification
Industry- Product category
- Retail Brokerage
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Fixed Income Brokerage (Bonds) (FSAEACAJ)
Keywords
Where Cifra Broker is headquartered
LocationHeadquarters
- HQ city
- Moscow
- HQ country
- Russia
- HQ region
- Europe
Offices1 record
Markets served
Cifra Broker business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Brokerage Commission: Transaction-based commissions charged as percentage of trade value, with tiered rates from 0% to 0.12% depending on monthly turnover and selected tariff plan
- Subscription Fees: Monthly subscription fee of 675 RUB for 'All Inclusive' tariff plan providing access to premium services and reduced commission rates
- Investment Advisory: Investment consulting services providing market analytics, trading strategies, and personalized investment recommendations
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Tariff - For self-directed investors |
| Transaction based/ take rate | Pay-as-you-go | Consultation Tariff - With strategy assistance |
| Subscription | Monthly | All Inclusive Tariff - For active traders |
| Transaction based/ take rate | Pay-as-you-go | Turnover-based Commission Tiers |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Cifra Broker product offering
Product offeringCore offering
Cifra Broker is a Russian licensed investment company providing brokerage, depository, and asset management services to individual and qualified investors. It enables trading of stocks, bonds, mutual funds, currencies, and derivatives through its proprietary Tradernet web platform, mobile applications, and the QUIK professional terminal. The company also offers Individual Investment Accounts (IIS) with tax benefits, closed-end investment funds, currency bonds via AIX, and investment advisory services.
Product overview
Cifra Broker operates as an investment company offering a multi-product brokerage platform. The core offering consists of brokerage and depository services with multiple account types (standard brokerage, IIS individual investment accounts, and the D-savings account earning up to 10.24%). For qualified investors, the company provides specialized products including currency bonds on AIX exchange (up to 10% yield), forward contracts on 100+ foreign stocks, ruble savings products via REPO (11.85%-13.15%), and fixed income in USD (3.65%-5.85%). The investment fund suite includes two closed-end funds: the Primary Placements Fund (IPO-bound securities) and the Fund of High-Yield Bonds for Developing Russian Companies (NAV 1.04 billion rubles). Trading access is provided through the proprietary Tradernet web platform, a downloadable QUIK professional terminal (version 12.5.0), and mobile apps for iOS/Android. Value-added services include investment consulting, analytical publications (market reviews, investment ideas, dividend calendars), and the Cifra Broker Academy for investor education.
Differentiator
Problem solved
Functional benefit
Brands
- Цифра Private: Premium private banking service offering personalized financial development path with audit, individual trading plan, and professional support
- Tradernet
- Брокерский накопительный D-счёт
Products and services
- Brokerage Services (Брокерское обслуживание) Core brokerage service enabling trading of stocks, bonds, mutual funds, currencies, and derivatives on Russian and international exchanges for retail and qualified investors.
- Depository Services (Депозитарное обслуживание) Custody and depository services for securities holdings and management, providing safe-keeping and settlement of securities for clients.
- Individual Investment Account - IIS (ИИС) Individual investment account with tax benefits for Russian residents investing in various asset classes including stocks, bonds, and funds.
- Cifra Private (Цифра Private) Premium private banking service providing audit, individual trading plans, and professional support for high-net-worth clients seeking personalized investment management.
- Brokerage Savings D-Account (Брокерский накопительный D-счёт) Savings account tied to brokerage relationship with interest rate up to 10.24% annual yield, daily capitalization, and no penalty for early withdrawal of accumulated interest.
- Investment Advisory (Инвестиционное консультирование) Investment consulting services providing analytical data, market analysis, investment strategies, and individual investment solutions for clients seeking guided investment decisions.
- Currency Bonds (Валютные облигации) Foreign currency-denominated bonds traded on Astana International Exchange (AIX), including Freedom Finance SPC Ltd bonds in USD, EUR, and CNY with coupon yields up to 10% annually, for qualified investors.
- Forward Contracts on Securities (Форвардные контракты на ценные бумаги) Settlement forward contracts enabling investment in foreign securities without direct purchase, with 100+ foreign stocks available and dividend premium payments for qualified investors.
- Ruble Savings Product via REPO (Сберегательный продукт в рублях) Ruble-denominated savings product executed via REPO transactions with rates from 11.85% to 13.15% depending on term and amount, minimum 1 million rubles, for qualified investors.
- Fixed Income in Currency (Фиксированный доход в валюте) Currency placement offering income in US dollars with full principal return, rates from 3.65% to 5.85% depending on term and amount, minimum $1,000, for qualified investors.
- Closed-End High-Yield Bonds Fund (ЗПИФ Фонд ВДО развивающихся российских компаний) Closed-ended fund investing in high-yield bonds of Russian companies with quarterly income distributions, NAV of 1,035.36 million rubles, managed in partnership with Vostok-Zapad Management Company.
- Closed-End Primary Placements Fund (ЗПИФ Фонд первичных размещений) Closed-ended fund providing ready-made portfolio of IPO-bound securities accessible to all investor categories, offering exposure to primary market offerings.
- Tradernet Trading Platform (Торговая платформа) Proprietary web-based trading platform for online securities, currency, and fund trading with real-time quotes, order execution, and account management capabilities.
- QUIK Trading Terminal Professional desktop trading terminal by ARQA Technologies supporting technical analysis, multiple order types, chart printing, and data export to external programs, for experienced traders.
- Cifra Broker Mobile Application Official mobile application for iOS and Android enabling brokerage account management, currency purchase, trading of forwards and currency bonds, accessible from any device.
Quantifiable outcome
- Brokerage savings account rate up to 10.24% annual
- +2 more outcomes
Companies that use Cifra Broker
Customer profileSegments3 records
Ideal customer profiles3 records
Cifra Broker technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Cifra Broker partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Freedom Finance SPC LtdcoreCurrency bond issuer providing access to Astana International Exchange (AIX). Bonds available in USD, EUR, and CNY with coupon yields up to 10% annual. Guaranteed by Freedom Holding Corp. Enables qualified investors to access international fixed income products.
- Freedom Holding CorpminorAmerican private company providing independent guarantee for Freedom Finance SPC Ltd currency bonds. Guarantor for bond repayment obligations.
- Management Company Vostok-Zapad (Управляющая компания «Восток-Запад»)coreAsset management company managing ZPIF 'Fund VDO of developing Russian companies'. Provides fund administration, NAV calculation, and investment management services. License No. 21-000-1-00749 for investment fund management.
- Moscow Exchange (ПАО Московская Биржа)corePrimary exchange venue for securities trading, providing market access, clearing, and settlement infrastructure. Fund units traded on Moscow Exchange with market price determination through organized trading.
- Astana International Exchange (AIX)coreInternational exchange providing access to currency bond trading. Located in Kazakhstan, enables trading of bonds in USD, EUR, and CNY for Russian qualified investors.
- Non-Credit Settlement Organization JSC NRD (НКО АО НРД)coreNational Settlement Depository providing clearing and settlement services for Russian ruble transactions. Client account details provided for professional client fund transfers.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Cifra Broker competitors and assessment
Company assessmentDirect peers
- Alfa Capital: Russian investment company within Alfa Group offering brokerage, asset management, and mutual funds to retail and qualified investors. Competes directly with Cifra Broker's diversified product suite.
- Finam (BCS Broker / Finam Holdings): Long-standing Russian retail and professional broker with MOEX access, investment advisory, mutual funds, and QUIK/Transaq terminals — direct head-to-head competitor across Cifra Broker's core brokerage, advisory, and fund products.
- T-Bank Investments (Tinkoff Investments): Leading Russian digital-first retail broker, embedded inside T-Bank (formerly Tinkoff). Directly competes for the same self-directed Russian retail investor with mobile-first trading, IIS accounts, and multi-asset access on MOEX.
- Freedom Finance (Freedom Holding): Originally a Russian/CIS broker now headquartered in the US; operates through AIX and CIS exchanges with currency bond products. Cifra Broker actually distributes Freedom Finance SPC currency bonds, making it both a partner and a structural competitor in qualified-investor currency bond distribution.
Broad incumbents
- Otkritie Broker: Brokerage subsidiary of Otkritie FC Bank offering retail brokerage, mutual funds, and qualified-investor products on MOEX. Directly comparable product mix and target customer profile to Cifra Broker.
- Interactive Brokers: Global multi-asset retail and institutional broker. Comparable in multi-exchange access (Cifra Broker uses AIX; IB offers 150+ markets globally) and professional trading tools; not a direct competitor in Russia but the benchmark for multi-market retail brokerage globally.
- VTB Broker: Brokerage arm of VTB, another top-3 Russian bank. Competes across the full retail and qualified-investor stack with the cost-of-capital advantage of a state-owned bank parent.
- SberCIB (Sberbank Investment Banking): Brokerage and investment-banking arm of Sberbank, the largest Russian bank. Massive captive retail deposit base and SberInvestor app make it the dominant incumbent Cifra Broker competes against across retail brokerage and IIS products.
Emerging players
- Robinhood Markets: Mobile-first, zero-commission retail broker. Useful comparable for Cifra Broker's digital onboarding, mobile UX, and self-serve PLG motion, though Robinhood does not serve the Russian market.
Others
- ARQA Technologies (QUIK): Vendor of the QUIK professional trading terminal that Cifra Broker distributes to its professional clients. Treated as an ecosystem/technology peer — comparable as a critical infrastructure provider rather than a competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
Cifra Broker social profiles
Digital presenceCifra Broker compliance and trust
Trust signalCompliance6 records
Cifra Broker financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cifra Broker leadership team
Management profileNumber of profiles
Cifra Broker subsidiaries and ownership
Company hierarchySubsidiaries2 records
Cifra Broker funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cifra Broker M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cifra Broker
What does Cifra Broker do?
Cifra Broker is a Russian licensed investment company providing brokerage, depository, and asset management services to individual and qualified investors. It enables trading of stocks, bonds, mutual funds, currencies, and derivatives through its proprietary Tradernet web platform, mobile applications, and the QUIK professional terminal. The company also offers Individual Investment Accounts (IIS) with tax benefits, closed-end investment funds, currency bonds via AIX, and investment advisory services.
Is Cifra Broker a public or private company?
Cifra Broker is a private company. It is classified as unknown and is currently operating.
When was Cifra Broker founded?
Cifra Broker was founded in 2010. It employs 1,001 to 5,000 people.
Where is Cifra Broker based?
Cifra Broker is headquartered in Moscow, Russia, in the Europe region.
How does Cifra Broker make money?
Three revenue lines are on record. Brokerage Commission is the primary driver. The others are subscription Fees and investment Advisory.
Who are Cifra Broker's main competitors?
Direct peers on record are Alfa Capital, Finam (BCS Broker / Finam Holdings), T-Bank Investments (Tinkoff Investments) and Freedom Finance (Freedom Holding). Broad incumbents are Otkritie Broker, Interactive Brokers, VTB Broker and SberCIB (Sberbank Investment Banking). Robinhood Markets is listed as an emerging player. ARQA Technologies (QUIK) is listed as an others.
Does Cifra Broker have an API?
No public API is recorded for Cifra Broker.
What industry is Cifra Broker in?
Cifra Broker's product category is Retail Brokerage. Its primary akta.pro industry code is FSAEACAJ, Fixed Income Brokerage (Bonds). Its NAICS code is 5231 and its SIC code is 6211.