Ruble account on Forex.

Many traders, after starting Forex trading, have a question: in which currency is it better to open an account?

Most brokers usually offer three options to choose from - dollars, euros or rubles; you can only choose the right one on an individual basis.

Depending on how you fund your account and which instruments you use in trading.

Otherwise, you will face additional costs when exchanging currency or simply inconvenience in trading, and that is why it is so important to choose the correct account currency for yourself. And internal exchange on the broker’s website always occurs at a rather unfavorable rate.

It seems to most traders that the best option would be to replenish the deposit in rubles, it would seem no hassle, make a transfer from a bank card or simply send a transfer and the money is in your account.

But unfortunately, not all brokers have ruble accounts, which means you deliberately limit the choice of partners for trading. In addition, when replenishing rubles, many Forex brokerage companies charge an additional commission; the reason for such measures is unknown, but it is a fact.

A ruble account allows you to carry out transactions by calculating profits and losses in rubles, this approach is only convenient if you use the currency pair USD/RUB and EUR/RUB, otherwise it is quite unpleasant to immediately observe several hundred losses in the form of a spread after opening a transaction.

And finally, trading the ruble on Forex is not such a simple matter; in addition to the high spread, there are a lot of other nuances.