Founded in 1992 as a commercial banking institution focusing on stocks and oil, Nefteprombank has been dealing in Forex since 1996. Granted a licence by the Bank of Russia and offering online trading since 2006, this brokerage is now one of the largest currency exchange portals in the world.
Indeed, thanks to its unique position as an established banking institution, Nefteprombank has been able to establish strong relationships with the world’s top banks. This connection with many of the FX market’s top currency providers means that members can get the best rates possible. Moreover, because Nefteprombank pulls its prices straight from the live market it means users get the most accurate prices with very little slippage.
To ensure the safety of all its customers and their respective funds, Nefteprombank is a member of Russia’s State Deposit Insurance System which guarantees trader’s account balances in the event of a company crash.
Nefteprominvest.com’s Special FX:
This online broker cites a number of benefits of trading through its platform with some of the main points being:
High quality market data: Nefteprombank customers will benefit from the best technical information thanks to DJ FOREX a news flow application which attaches to NPB Trader.
Encryption: The site’s trading terminal, NPB Trader, is fully which means traders can move funds without having to visit the bank’s offices.
Support: Nefteprombank has a customer service team on hand 24 hours a day during the week and users can contact a dealer or technical advisors at any time between Monday and Saturday.
No commission charges: Nefteprombank does not charge any transaction fees and will also pay all necessary taxes for its members.
Through the power of MetaTrader 4 or the site’s own NPB Trader, users can access the foreign exchange market and benefit from the following account conditions:
Minimum account size = $80
Minimum position size = 0.1 lot
Fixed spreads from 3 pips on major currency pairs.
Scalping and Expert advisors encouraged on all Nefteprombank accounts.
Leverage = 1:100
Digits quoted after the comma = 5
Margin call level = 30%
Number of currency pairs available = 20
All account holders are also offered the following account features: Hedging, overnight interest rates (swaps), pending orders, One-Cancels-Other (OCO) orders, trailing stops, in-chart and automated trading.