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 3074)
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.
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.
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