We do not charge a fee for maintaining the account.
An ID card or passport and your bank account statement are required to open a business account. The document must not be older than 3 months. It is also important that all photos show all 4 corners of the document.
You can open 3 different types of accounts on the platform:
Account verification consists of several steps.
Yes, it is possible to set up a free demo account that has a virtual capital of $100,000. This allows you to test our platform and your trading strategies in the real markets in a safe and secure environment without any risk.
The minimum deposit into a Private Brokers trading account is EUR 500.
Contact us at support@privatebrokers.eu. You can then arrange a personal meeting with us at our address Trnavská cesta 74/A.
The fee for the execution of trades, a detailed breakdown can be found here.
Yes, cancellation of your account is free of any fees.
Yes, you must record income from capital markets in the other income box on your tax return. Only the net profit is taxed, less the surcharge.
Capital gains derived from exchange-traded investments are not taxable in the Slovak Republic from 1 January 2016 if the position in the investment is held for more than one year. Dividend income is subject to the normal tax regime, as is capital gains arising from investments held for less than one year. The taxation of income from each investment depends on the particular circumstances of each client.
Private Brokers is a trademark owned and operated by HABERL Wealth Management, o.c.p., a.s., which is a licensed securities dealer regulated by the National Bank of Slovakia.
We are a regulated financial institution and our clients' funds are protected by the Investment Guarantee Fund up to EUR 100,000 in the case of client deposits and EUR 20,000 in the case of already invested funds. However, the Guarantee Fund does not cover losses resulting from a decline in the value of an investment due to market developments.
With Private Brokers it is possible to trade a range of instruments including stocks, commodities, currency pairs, indices or cryptocurrencies.
Yes, the Private Brokers platform has an app that can be downloaded for both Android devices via Google Play and iOS devices via the AppStore.
You can deposit money by bank transfer through your bank or Revolut.
Yes, it is possible to create several investment accounts in the Private Brokers platform and each of them has its own client ID.
Demo account cannot be converted to a real account. You need to create a new, real account and you will have 2 different types of accounts.
When you open an account, you choose the currency in which the account will be held. Once the account is created, you cannot change the currency. If you want to change the currency, you need to create a new account where you can choose a different currency. Once set up, you can easily transfer funds from one account to another. However, it may not be necessary to change the currency of the account. We recommend that you open an account in the currency in which you plan to send funds. This is because purchases on the stock exchange are made at the bank's mid exchange rate and therefore there is no currency conversion.
In the client area in the top right corner you will find a menu with a link to your profile. Here you will find the "Banking Information" section in which you click on the edit button.
Cancellation or change of bank account must be reported to support@privatebrokers.sk
A new credit card must be provided and the change must be addressed at support@privatebrokers.sk
You can cancel your account directly in the platform (full cancellation procedure can be found here) or by sending a request to support@privatebrokers.eu
The order to withdraw your funds from your Private Brokers trading account takes place immediately and the money is usually credited to your bank account within 3 days.
The funds are credited to your trading account usually by the next business day and are ready for use in the trading platform the very next day.
Log in to your account at this link. In your account interface you will see your demo and real accounts on the main screen. Next to each you have a "go & trade" button, once you click the button you will proceed to the trading platform interface. Here the world of trading awaits you.
CFDs, or contracts for difference, are financial derivatives that allow you to speculate on price changes of underlying assets without the need to own them directly. This type of trading allows you to profit from both rising and falling prices of assets such as shares, commodities or indices by 'going long' (expecting the price to rise) or 'going short' (expecting the price to fall). Leverage can allow you to make higher profits, but it also increases the risk of loss, so it is important to consider your investment strategy properly and familiarise yourself with how CFDs work before you start trading.
Yes, you need to have notifications turned on in our app on your phone or tablet.
Yes, on our platform you have the possibility to trade cryptocurrencies via CFDs (contracts for difference). This means that you are not directly buying the cryptocurrencies themselves, but a contract that reflects their current market price. This way of trading allows you to speculate on the rise or fall of the price of a cryptocurrency without the need to own it directly. Trading CFDs offers flexibility and the opportunity for returns, provided you correctly predict market movements, but it is important to be aware of the risks involved.
Yes, the trading platform will show you the main data that will affect the market on a given day.
For each instrument, you can also view the price development in the past.
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Any investment involves the risk of loss. The occurrence of loss is influenced by a number of factors that allow risk to be classified in relation to each type of financial instrument, you should consider and understand all risks before investing.
Financial contracts for difference are complex financial instruments. They are associated with a high risk of rapid financial losses due to leverage. Almost 80% of investors' accounts experience financial losses when trading financial contracts for difference. Before trading financial contracts for difference, you should understand how financial contracts for difference work and should consider whether you can afford to take the high risk of suffering financial losses.
The Privatebrokers brand is operated by HABERL Wealth Management, o.c.p., a.s., with its registered office at Trnavská cesta 74/A, 821 02 Bratislava, Slovak Republic, which is authorised by the National Bank of Slovakia.
Financial contracts for difference are complex financial instruments. They are associated with a high risk of rapid financial losses due to leverage. Almost 80% of investors' accounts experience financial losses when trading financial contracts for difference. Before trading financial contracts for difference, you should understand how financial contracts for difference work and should consider whether you can afford to take the high risk of suffering financial losses.
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