Nefteprombank Review 2020

Nefteprombank Rated 3/5
Nefteprombank have a low rating. We recommend you look at one of their alternative brokers.
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Nefteprombank Guide

Nefteprombank are an online broker founded in 2008 offering Forex trading trading, Social trading trading, and trading.

Nefteprombank are a global broker and have multiple offices around the world including a head office in Russia.

Nefteprombank have a listed stock symbol. This means that Nefteprombank have publically listed and you can officially buy shares in Nefteprombank on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Nefteprombank we break down the pros and cons. What Nefteprombank are able to offer, what countries Nefteprombank are available in. Who Nefteprombank are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Nefteprombank

  • Regulated by: Unregulated
  • Headquarters Country : Russia
  • Foundation year 2008
  • Min Deposit : 100
  • Used by over 10,000 traders
  • Nefteprombank is not available in the following countries :
Open Nefteprombank's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Nefteprombank

With this review we hope to help you see if Nefteprombank is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Nefteprombank that will help you get off to a good start in the world of online trading.

Nefteprombank Review Table of Contents

Nefteprombank what you should know

Nefteprombank offer three ways to trade: Forex trading, Social trading, .

With Nefteprombank you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Nefteprombank platform.

Nefteprombank are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Nefteprombank safe?

When choosing a broker like Nefteprombank the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years Nefteprombank have a head office in Russia.

Nefteprombank is regulated. This means Nefteprombank are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Nefteprombank, this will be honored. If Nefteprombank violate any regulatory rules their regulated status could be stripped.

Any payments funded to Nefteprombank accounts by traders are held in a segregated bank account.

For added security Nefteprombank use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Nefteprombank. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Nefteprombank

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker nefteprombank XTB eToro Pepperstone
Year Established 2008 2002 2006 2010
Head Office Russia Poland Cyprus, UK Australia
Regulation Unregulated Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes No Yes
Guaranteed Stop Loss Yes No No
Learn More Visit Nefteprombank Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Nefteprombank Pros and Cons

What we like about Nefteprombank

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Unregulated
  • Min. deposit from $100

What we don't like about Nefteprombank

Nefteprombank Financial Regulation and Supervision in more detail

Nefteprombank are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Nefteprombank that are not regulated yet appear to be legitimate.

Nefteprombank maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Nefteprombank you are not guarenteed help in a difficult situation.

  • Unregulated

Nefteprombank General Fees

  • Nefteprombank withdrawal fees varies on payment method
  • Nefteprombank does charge inactivity fees
  • Nefteprombank does charge deposit fees
Broker nefteprombank XTB eToro Pepperstone
Min Deposit 100 0 200 200
Withdrawl Fees varies varies Yes No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes No Yes

Nefteprombank Commissions

  • Nefteprombank does charge commission on CFD instruments.

What can you trade with Nefteprombank?

You can trade a wide variety of instruments with Nefteprombank over 172 instruments infact.

If you are looking at trading currency pairs Nefteprombank offer over currency pairs.

Compare Nefteprombank with XTB and eToro below.

Your capital is at risk

Broker nefteprombank XTB eToro Pepperstone
Instruments Available 172 1,500 100 100
Platforms iPhone,iOS,Mac,iPad,Android,WEB MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Nefteprombank Visit XTB Visit eToro Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Nefteprombank Visit XTB Visit eToro Visit Pepperstone
Commodities Offered 0 21 0 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit Nefteprombank Visit XTB Visit eToro Visit Pepperstone
Stocks Offered 1696 957 60
UK Shares Yes Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on Nefteprombank web platforms and other applications

Nefteprombank offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An Nefteprombank IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Nefteprombank also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See nefteprombank's platforms

Nefteprombank Trading benefits :

  • Allows hedging
  • Offers STP
  • Low min deposit

Nefteprombank Trading Accounts Offered :

  • Standard account
  • ECN account
  • STP account
  • Managed account
  • Islamic account

Can I try Nefteprombank before I buy?

Nefteprombank offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Nefteprombank withdrawl and funding methods.

Nefteprombank offer the below funding payment methods. learn more about Nefteprombank

  • PayPal
Broker nefteprombank XTB eToro Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with Nefteprombank?

When opening a trading account with Nefteprombank, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Nefteprombank trading platforms here.

Performing trades with Nefteprombank

Nefteprombank allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Nefteprombank allow you to execute a maxium trade of varies. As Nefteprombank offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Nefteprombank

To trade effectively with Nefteprombank, it's important to get a have a good understanding of the XTB trading tools and the markets.

Nefteprombank offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Nefteprombank.

Take time to look around the Nefteprombank platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Nefteprombank

Nefteprombank support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Nefteprombank have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Nefteprombank less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Nefteprombank

We tested the Nefteprombank live chat and it works well. We sent messages to Nefteprombank livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with Nefteprombank support in multiple languages in multiple countries. Nefteprombank where able to resolve our customer issues.

Email Support at Nefteprombank

We sent several emails to Nefteprombank and answer times overall were excellent. The fastest response from Nefteprombank was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Nefteprombank, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Nefteprombank.

Phone Support at Nefteprombank

We called Nefteprombank and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Nefteprombank phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Nefteprombank team by calling in varying languages. Nefteprombank made an effort to make sure our queries were answered.

Overall the phone support from Nefteprombank was okay.

See how Nefteprombank Support Compares Against Other Brokers

Broker nefteprombank XTB eToro Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, and Italian English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Nefteprombank Visit XTB Visit eToro Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Nefteprombank

As Nefteprombank is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Nefteprombank's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Nefteprombank you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.nefteprom.com/ on 12th August 2018.

Is Nefteprombank A Good Broker?

We spent over 3 months examining Nefteprombank in depth. Although we found some very useful aspects of the Nefteprombank platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Nefteprombank broker.

  • Nefteprombank have a good track record of offering Forex trading, Social trading, .
  • Nefteprombank has a history of over 27 years.
  • Nefteprombank has a reasonable sized client support call center of at least 10.
  • Nefteprombank are regulated by Unregulated. This means Nefteprombank fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Nefteprombank have regulation from a Tier 1 reputable country.
  • Nefteprombank has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Nefteprombank have an international presence in multiple countries. This includes local Nefteprombank seminars and training.
  • Nefteprombank are able to hire people from various locations in the world who can better communicate in your local language.

Nefteprombank Risk Disclaimer

Your capital is at risk

Nefteprombank not quite right?

Check out these Nefteprombank Alternatives

We have spent years researching the best alternatives to Nefteprombank. Click the links below to learn more.

If you feel some of the above Nefteprombank are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Nefteprombank alternatives below.

Related Nefteprombank Comparisons

If you would like to see how Nefteprombank stands up against other brokers you can read some of our Nefteprombank comparisons below. We compare side by side some of our top rated Nefteprombank versus comparisons. Read some indepth Nefteprombank VS pages below.

NEFTEPROMBANK Frequently Asked Questions

Can I try Nefteprombank before I buy?

Nefteprombank do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Nefteprombank accept?

Nefteprombank offer the following funding payment methodsPayPal, among other payment methods.
Learn more here

Your capital is at risk

Is Nefteprombank safe?

While Nefteprombank may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to Nefteprombank accounts by traders are held in a segregated bank account. For added security Nefteprombank use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Nefteprombank trading good?

While Nefteprombank may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.Nefteprombank is used by over Nefteprombank active traders. Nefteprombank offers Forex trading trading, Social trading trading, and trading. Minimum deposit with Nefteprombank is mindeposit.

Is Nefteprombank trading Legit?

Nefteprombank was founded in Russia in 2008. Nefteprombank has been facilitating trade on the financial markets for over 12 years. Nefteprombank offers clients Forex trading trading, Social trading trading, and trading. All funds deposited to Nefteprombank are held in segregated tier 1 bank accounts for security. Nefteprombank is not regulated. Although this doesnt mean Nefteprombank are awful, we recommend trading with regulated brokers.

Is Nefteprombank a good broker?

Nefteprombank is not regulated by a top tier financial regulator. While many traders may still find trading with Nefteprombank useful, we recommend only trading with a broker that has regulation.Nefteprombank allows Forex trading trading, Social trading trading, and trading.

Is Nefteprombank trustworthy broker?

While having many plus points because Nefteprombank is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for Nefteprombank?

The minimum deposit to trade with Nefteprombank is 100.

How long do Nefteprombank withdrawals take?

Withdrawing money from Nefteprombank processing time varies but averages 2-5 days.

Is Nefteprombank regulated?

Nefteprombank is not regulated by a top tier financial regulator.

Is Nefteprombank a market maker?

Nefteprombank is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with Nefteprombank?

When opening a trading account with Nefteprombank, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Nefteprombank trading platforms here.

Is my money safe with Nefteprombank?

Nefteprombank is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Nefteprombank is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Nefteprombank, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Nefteprombank a con?

While we would noy say that Nefteprombank is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with Nefteprombank?

Although traders have had great success with Nefteprombank. Trading on the financial markets with Nefteprombank is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Nefteprombank have fees?

Nefteprombank withdrawal fees varies on payment method. Nefteprombank does charge inactivity fees. Nefteprombank does charge deposit fees.

When was Nefteprombank founded?

Nefteprombank was founded in 2008.

How many people use Nefteprombank?

Nefteprombank is used by over 10000 registered traders.

What is Nefteprombank Headquarters country?

Nefteprombank has its head quarters office in Russia.

Does Nefteprombank offer negative balance protection?

Nefteprombank does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Nefteprombank offer guaranteed stop loss?

Nefteprombank does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does Nefteprombank allow scalping?

Nefteprombank does not offer scalping.

Does Nefteprombank allow hedging?

Nefteprombank offers hedging.

Does Nefteprombank offer CFD trading?

Nefteprombank does not offer CFD trading.

Does Nefteprombank offer STP?

Nefteprombank offers STP trading.

How many people use Nefteprombank?

Nefteprombank is used by over 10000 traders.

Is Nefteprombank an ECN broker?

Nefteprombank offers ECN trading.

Does Nefteprombank offer a demo account?

Nefteprombank does not offer demo account.

Does Nefteprombank offer an Islamic account?

Nefteprombank offers a Islamic accounts.

What are the funding methods for Nefteprombank?

Nefteprombank accept the following funding methods : PayPal,

Nefteprombank review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Nefteprombank brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Nefteprombank review written by Mark Hansen of Comparebrokers.co