Services

Exchange	Instruments
North America
AMEX, USA American Stock Exchange NASDAQ, USA National Association of Securities Dealers Automated Quotation NYSE, USA New York Stock Exchange	ETFs, Stocks
	ETFs, Stocks, Warrants
TSX , Canada Toronto Stock Exchange	ETFs, Stocks
CME, USA  Chicago Mercantile Exchange	Futures
	Futures, Future Options, Options
CBOE, USA Chicago Mercantile Exchange	Futures, Future Options
MEXI, Mexico  Mexican Stock Exchange	ETFs, Stocks
ICE Futures US	Futures
	Futures, Future Options
Europe
LSE , UK London Stock Exchange	ETFs, Stocks
XETRA, Germany Exchange Electronic Trading of Deutsche Börse	ETFs, Stocks
NYSE EURONEXT, SBVM, Belgium, NYSE EURONEXT, Netherlands	ETFs, Stocks
VSE, Austria  Vienna Stock Exchange	Stocks
BVME, Italy  Borsa Italiana	Stocks
BM, Spain  Bolsa de Madrid	ETFs, Stocks
SWX, Switzerland  Swiss Exchange	ETFs, Stocks
SFB, Sweden  Swedish Stock Exchange	ETFs, Stocks
OMXNO, Norway  Nasdaq OMX	Stocks
Eurex European Exchange of Derivatives	Futures
	Futures, Future Options, Options
ICE , UK Intercontinental Exchange	Futures
	Futures, Future Options
Asia/Pacific
SEHK (HKEX)  Hong Kong Stock Exchange	ETFs, Stocks
	ETFs, Stocks, Futures, Options
TSEJ, Japan  Tokyo Stock Exchange TSEJ	ETFs, Stocks, Futures, Future Options, Options
SGX, Singapore  Singapore Exchange (SGX)	Stocks, Futures, Future Options
KSE, Korea  Korea Stock Exchange (KSE)	Futures, Options
ASX, Australia  Australian Stock Exchange	ETFs, Stocks, Options
Russia
MOEX, Russia  Moscow Exchange	Stocks, Futures, Future Options, Options, Bonds, Precious Metals, FX

List of available instruments may vary and is set up individually.

KIT Finance Europe clients can use the voice order service to execute transactions on any trading platform throughout the trading session. Voice orders are accepted 9:30 – 18:30 TLN on working days. For the purposes of your identification and acceptance of the respective voice order, the broker must be provided with the following information:

• Client number.
• Password from the table of voice passwords.
• Order details.

To submit voice orders, please use the contacts of the Brokerage Department.

Detailed process of order placement and execution is described in Terms and Conditions for rendering of investment services

Margin trading is available for portfolios with liquid securities and/or positive cash balances. The maximum purchasing power for trading on margin is determined by portfolio value and initial/maintenance margins.

The main principle is that margin trades can only be done if the portfolio value exceeds the initial margin.

Portfolio value = market value of liquid securities + positive cash balances (RUB, USD, EUR) – liabilities (short sales, negative cash balances)

Initial margin = sum of liquid securities’ market values times their initial risk rate

Maintenance margin = sum of liquid securities’ market values times their minimum risk rate

The initial and minimum risk rates for each security are given in the Liquid securities list.

The system will reevaluate the portfolio value and initial margin at the order price when an order is submitted.

If portfolio value is above the initial margin, the order will be accepted by the system.

If portfolio value is below the initial margin, the order will be rejected by the system.

The portfolio value and initial/maintenance margins are recalculated real-time to take into account the changes in security prices. If a client trades with leverage, i.e. borrows funds to purchase securities or sells securities lent by the broker, the client should monitor the portfolio value against the initial and maintenance margins. The client is advised that the portfolio value should not fall below the initial margin, in which case the positions should be reduced or more cash deposited on the account.

If portfolio value is below the maintenance margin, broker will close the positions under a margin-call.

For examples and more detailed explanation please check the presentation

A cryptocurrency (or crypto currency) is a digital asset that uses cryptography for security, the process of converting legible information into an almost uncrackable code, to track purchases and transfers. Cryptocurrencies make it easier to transfer funds between two parties in a transaction; these transfers are facilitated through the use of public and private keys for security purposes.

These fund transfers are done with minimal processing fees, allowing users to avoid the steep fees charged by most banks and financial institutions for wire transfers.

The first cryptocurrency to attract the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the mysterious pseudonym Satoshi Nakamoto, whose true identity has yet to be verified.

Bitcoin (BTC) 
Bitcoin is a decentralized peer-to-peer digital currency that is powered by its users with no central authority or intermediaries. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, also known as "miners," are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network.

Bitcoin Cash (BCH) 

Bitcoin Cash was created on August 1, 2017, when Bitcoin, arguably the most popular cryptocurrency in the world, split into two directions in an event know as a ‘hard fork.’ Anyone who held Bitcoin before the split was entitled to the same number of Bitcoin Cash tokens, in essence, creating a 2-1 split. The symbol for Bitcoin Cash is BCH.

The initiative was headed by a small group of mostly China-based Bitcoin miners who refused to support a major software upgrade aimed at speeding up transactions on the bitcoin network.

Ethereum (ETH) 

Ethereum is a digital currency developed on an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications that run smart contracts. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer.

Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. While the bitcoin blockchain is used to track ownership of digital currency (Bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.

Ethereum Classic (ETC) 

Ethereum Classic is not a new cryptocurrency, but instead a split from an existing cryptocurrency, Ethereum. The split occurred after The DAO, a decentralized autonomous organization based on Ethereum, got hacked in June 2016, and $50 million worth of its funds were stolen. Because The DAO was crowdfunded, this event has resulted in a large number of people losing their stakes. After several weeks of heated debate, the community has decided to conduct a "hard fork" of Ethereum's Blockchain in order to "code" the stolen money back to its owners. 

Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications, such as average block time, size and reward.

Dash (DASH) 

Dash is an open source, peer-to-peer cryptocurrency that offers all the same features as Bitcoin but has additional, advanced capabilities, including instant transactions, private transactions and decentralized governance. Dash was originally released as XCoin on January 18, 2014, before changing its name to Darkcoin the following month. Finally, in March 2015, Darkcoin was rebranded as Dash. Unlike Bitcoin's single-tier network, where all jobs on the network are performed by miners, Dash utilizes a two-tier network.

Ripple (XRP) 

Ripple is the name of a payment network and the payment protocol which powers it. It was developed and released in 2012 by a company of the same name, in order to enable "secure, instant and nearly free global financial transactions". It is built on principles similar to those of Bitcoin, so many people consider it a cryptocurrency. However, unlike Bitcoin, the source code of Ripple's technology is owned privately by the company, which means that it cannot be verified by any outsider. Ripple is a very popular network: many banks across the world use it as the basis for their own settlement infrastructure.

Litecoin (LTC) 

Litecoin is a peer-to-peer cryptocurrency and open source software project. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was created during October 2011 by Charles Lee, formerly a Google engineer.

While inspired by, and in most ways technically nearly identical to Bitcoin, Litecoin has some code improvements over Bitcoin such as the adoption of Segregated Witness (SegWit), which increases block size limits on a blockchain, and the Lightning Network which enables bi-directional payment channels.

Zcash (ZEC) 

Zcash (ZEC) is a cryptocurrency whose main feature is its anonymity. It uses blockchain technology which keeps certain elements of each transaction private such as the identity of the sender, recipient and amount sent. Users have the ability to determine how much privacy they wish to assign to each Zcash transaction they make. Like many cryptocurrencies, the concept behind Zcash borrows heavily from Bitcoin, right down to the number of coins minted – 21 million.

Learn more about risks

Learn more information about transactions on the sale and purchase of cryptocurrency

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