Broker BCS allowed clients to buy dollars, euros and UAE dirhams on the over-the-counter market, RBC Investments found. Previously, users could only sell these coins due to US sanctions against BCS Bank.
Author:
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“The auction is underway. You can buy and sell currencies over the counter, but not through an IIS (individual investment account – RB.RU). In an IIS you can only sell currency if it is in your account,” the BCS call center operator told the publication.
He noted that currency purchased in the over-the-counter market can only be withdrawn to an account at BCS Bank. For the basic “Investor” tariff, no commission is charged for currency transfer to BCS Bank, except for the withdrawal of yuan (1% of the amount).
There is no remuneration for the broker for the purchase of currency by a client, but for the sale it is 0.3% of the transaction. For storing more than 1,000 dollars and 1,000 euros in an account, a 1% monthly commission is charged.
BCS launched over-the-counter trading in dollars, euros and dirhams in early October 2024. Trading became unavailable to clients after the US Treasury Department listed BCS Bank along with other Russian banks. of SDN sanctions in November.
In December, the BCS allowed its clients to sell currencies purchased on the over-the-counter market.
Author:
Bogdan Muzychenko
Source: RB

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