Forex Broker

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 3075)
Author of Nefteprombank: Akash | Date 2021-07-29
Nefteprombank broker has the worst execution service on their MT4 platforms. I can't deal in a Prime account with Nefteprombank broker, as I got huge slippage and they charge huge spread. I wasn't able to make any profits and I've lost $230. So I want to close my account withdrawn the rest of the investment from the Nefteprombank broker.
Author of Nefteprombank: Mara | Date 2021-05-19
After about half a year of trading at Nefteprombank, I was able to earn back a hundred percent of my capital already. I did not expect it but it became possible because of the smooth trading transactions at this broker's platform. The spread, although floating, remains at a low amount as well.
Author of Nefteprombank: Dermawan | Date 2020-12-02
I will add to my deposit. Because yesterday I am getting profit from my trading activities, I thought of getting even bigger profits than before. Their service is very satisfying. Besides, they always help me to solve my problems immediately whenever I need even in the night. And the spreads are very low from 2 pips and there are many payment options I can use to make a deposit or take my profit. Within one and a half month I earned $900. I withdrawal of profit to Wire Transfer, money came in 5 hours.
Author of Nefteprombank: Tonny | Date 2020-06-29
I checked my account, balance of deposit was only $220, another $80 was deducted as a brokers fees. I can't trade normally at all, very bad execution speed. This broker is awful. Execution is very slow and it makes you loose money, orders are not executed properly. They always play against you. Commissions are very high.
Author of Nefteprombank: Keisha | Date 2020-04-24
I did not last for too long at Nefteprombank. I opened an account with them because they claimed that trading activities at their company would be smooth-flowing. I tried their demo account, and indeed, I had a great experience. However, it was very different when I started a live account. The real platform was shaky and terrible. Orders were not executed well and the platform would often crash. Because of that, I soon closed my account.
Author of Nefteprombank: Senirra | Date 2020-03-24
Sometimes take profit are not triggered because of this spread and I have to close manually or set the breakeven settings. For 3 days, they cost me $150 by closing my position at a critical lows, then by the time I logged back on the rebound was over and my I couldn't buy back in. They manipulated the margin and spreads on you and auto close your trades making it almost impossible to profit in long run. They never give my money. Please, stay away from them, because your money is not safe from this company.
Author of Nefteprombank: Ashley | Date 2019-12-19
I opened an account Nefteprom Bank the past month and I now consider closing it. I deposited $1000 and lost $700 because their platform has delay in execution. The average speed isn't as written in the website 0.5 sec for Pro account but instead 2 seconds. I tried to trade commodities like metals Gold and pairs EUR/USD, USD/CAD, USD/JPY. I had problems since day one, and called support team, but they refuse to acknowledge this problem.I requested to withdraw the rest of my money and I will close the account.
Author of Nefteprombank: Revenzo | Date 2019-10-22
Is this broker good? Their website is too simple and lacks information. At first glance, you would not be interested with the broker. I only visited the website of Nefteprombank because one of their representative reached out to me via email (which I don't understand how they got my details). They offered to train me with trading so I don't have to worry if I don't have enough knowledge. But the problem is I don't feel confident enough to trust this broker.
Author of Nefteprombank: Darwina | Date 2019-09-16
When I first time know Nefteprombank, I give my high expectations for this broker but all of that was lost immediately after joined with them. I see the good reviews on their website. But the real is not the same with that reviews. I lost $500 during the trading. Their server suddenly not conneting. I contacted them already but no reply from them. I never do my trading here again. Dissapointed with this broker.
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.
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