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.

The ruble account allows transactions with calculating profit and losses also in rubles, this approach is convenient only if you use the USD/RUB and EUR/RUB currency pair, in the other case it is quite unpleasant to immediately open the transaction to observe several hundreds of loss in the form of a spread.

And finally the ruble trade itself on Forex is not such a simple thing, except for a high spread there is a lot of other nuances.