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Nefteprombank review

On-line since: 2006
Country of origin: Russian Federation
Regulation: Department No.2 of the Moscow Main Territorial Administration of the Bank of Russia, BIC: 044585000
Payment options: wire transfer
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:100
Spreads: floating from 1.8 pips

About the company:

Nefteprombank renders brokerage services on Forex since 1996. It stands for Joint Stock Oil-Industrial Investment Commercial Bank and forms a part of ZAO Nefteprombank.
The broker provides its client with the opportunity to trade currencies via the internet through MetaTrader 4 trading platform. All deals are delivered on Forex trough the major global banks and financial institutions. The clients of Nefteprombank can take advantage of automated trading with the use of advisors and experts with any strategy and frequency of making deals.

Nefteprombank 7/10 (votes 3074)
Author of Nefteprombank: Raoerr | Date 2018-12-19
I quit using Nefteprombank last week, this broker is totally sucks. During the last month FOMC Statement I had open two trade on eur/usd and usd/cad pairs suddenly my platform started to freeze with note no connection. After 45 minutes later, when I was able to login my platform and I was surprised that I lost $198. Instantly, I informed that customer support but they did not agreed to adjust this losses. No reason to stay with this broker.
Author of Nefteprombank: Hermanfx | Date 2018-10-09
I was able to open an account with Nefteprombank thanks to their low minimum deposit of $100. However, I am wanting to close my account now because the platform constantly freezes. In the end, I always lose my trades. There are also times when it doesn't properly execute my stop loss even though it already hit the price. I tried scalping in the hope that I might earn some profits even though it may be small. But that is not possible with this broker because of the unstable platform and the delay in the execution. My current balance is already below my capital and I don't wanna lose any more money especially when it's clearly not just because of my lack of experience but because of this terrible broker.
Author of Nefteprombank: pipbengnebeng | Date 2017-11-24
I not recommended Nefteprombank after I trade with them for 3 month. 3 month ago, I join them because their minimum account size only $100 and the platform they use can be access by mobile phone. But after some trading, I feel there are many problems I faced. Besides, so many requirements that must be fulfilled client as well as the spreads that floating from 1.8 pips. I am very disappointing. I hope they improve the system and fixed the spreads.
Author of Nefteprombank: NeoFX | Date 2017-10-24
trading with Nefteprombank is not a reliable broker because I just lost my capital 100 USD because of the server not stable. It happened when I try to closed my profit position but then they can’t execute my order to close the position make me lost my patient with them after I try to login using mobile phone it’s also can’t close the position. It takes an hour to stable again but it’s too late already because price already reverse and stop out activated. When I made a report to their support team, they ask me to make a report to their finance department and when I follow their instruction, finance department told me to contact support team. They are not professional at all and I feel so disappointed with them. Overall Nefteprombank is not a good broker.
Author of Nefteprombank: Fred | Date 2017-09-27
I opened a Master account with NPBFX a year ago, becuase I could see that EAs are allowed and scalping too. Also spreads on majors like EUR/USD are quite tight from 0.8 - 2.0, I faced some requotes and freeze during my trades, and there were times that the platform was not working properly. I wish they offered more deposits options so we would have more possibilities to transfer the money.
Author of Nefteprombank: Baldagi | Date 2017-08-07
Their minimum deposit is very high so i found them not too good to begin with a starter like me. My friend is one of their client and he was forcing me to open an account with them but i am not convinced because of the reviews I have read online and I don't think i would be able to open an account with them because when i inquire to their CS they are very rude. I have found a great broker in InstaForex! the minimum deposit is just $1 and their cs are nice so i am going to open an account with them :)
Author of Nefteprombank: fxmumangna | Date 2017-07-17
It’s nice to trading in Nefteprombank because in my opinion they are reliable broker and it is recommended broker. My experience with them has been of total satisfaction and during this time they have fast withdrawal and very nice support, and good trading platform. Their trading platform that stable to use and the execution also fast so that I can execute my order without any problem even in the weekend. Usually it takes within 3 to 5 hours to complete the transaction. I like their minimum account size which start from $100 and then I can generate profit average 300-500 USD in a month. Every traders should have opened account with them.
Author of Nefteprombank: Santiago | Date 2017-06-28
This broker provoked me a lot of losses since the beginning. I started with a deposit of $150 and traded with EURUSD. Mi first trades were average, but I got profits at least, around $300 in one month. But the problem arose when I deposit more money and started to use another pairs, such as USDJPY and USDCAD. The trading platform became very unstable and it closed by itself without any reason. My orders were not respected neither. My requests for withdrawal were ignored and I had to send several emails in order to receive a reply. After 3 months, I closed the account with only $50 to withdraw. Definitely, it's not a good option.
Author of Nefteprombank: Rodia | Date 2017-06-08
I have been with Nefteprombank for 7 months now, and I must say that trading on their platform has been worth it, most especially this broker allows me to use Expert advisors which has really helped me in making profits on Nefteprombank platform. And so far, deposit and withdrawals have been fast and easy for me.
Author of Nefteprombank: ThapaDxn ‏ | Date 2017-05-09
I started trading with Nefteprombank after having very bad experience with several brokers. From 2 two months now I am trading on live account with them with $250 and still I did not get any problems. Orders are always very fast to fill, no slippage. In 2 months my live account is up 50% using EA's and manual strategies. Three days ago I withdraw $150 through wire transfer and I got my money within same day. Fantastic broker. You may also try this broker. I am sure you will not regret.
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