Broker Tinkoff Investments sent out letters to its clients stating that new tariffs for margin trading will come into effect on March 9.
For some items, tariffs will almost double, a reader who is a client of the bank told Znak.com.
Margin trading is when an investor trades with borrowed money or borrows securities from a broker.
The changes will not affect only uncovered positions up to 5 thousand rubles – the commission on them remains free.
Commission on uncovered positions up to 50 thousand rubles will increase from 30 to 45 rubles per day. From 50 to 100 thousand rubles – from 50 to 90 rubles per day. From 300 to 500 thousand rubles – from 230 to 400 rubles per day. From 500 thousand to 1 million rubles, the commission will increase from 425 to 780 rubles per day. And for positions from 2 to 5 million rubles – from 2 thousand to 3.5 thousand rubles.
“It’s called bank looting,” said a Znak.com reader who asked not to be named. “Everything is clear about the situation in the country. SWIFT is turned off, payment systems do not work, people cannot withdraw the entire amount at once from banks, the Moscow Exchange does not work. Against the background of this horror, Tinkoff, who did not fall under the sanctions, rushed to make money. They put all their credit obligations on customers and decided to increase them even more.”
The Tinkoff press service clarified that margin trading rates directly depend on the level of the key rate. “The latest increase in the key rate has led to an increase in rates for clients, including margin trading,” the bank added. When asked if the bank expects an outflow of customers against the backdrop of this decision, they did not answer.
On February 24, Russia launched a military special operation in Ukraine. After that, the countries of the West and Europe imposed sanctions on the banking sector of Russia. On February 28, the Central Bank of the Russian Federation raised the key rate to 20% per annum in order to increase the attractiveness of ruble deposits and stop the outflow of deposits from banks.
