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No Regulation
Score
1.51 /10
Danger
Belgazprombank
Influence
A
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Website
Score
Regulatory Index0.00
Business Index7.01
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-22
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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WikiFX Data provideUpdated: 2024-09-22
Established in 1990, Belgazprombank offers bank services including opening and maintaining of bank accounts, currency exchange transactions, issuing of bank guarantees and so on. Though it has been authorized to operate banking, it is not regulated well.
Pros and Cons
| Pros | Cons |
| Various banking services | Unregulated |
| Social media presence | Web trading feature not available |
| Clear fee schedule | |
| Long-standing operations |
Is Belgazprombank Legit?
No. 8 issued by the National Bank of the Republic of Belarus on 23.02.2024 empowering Belorussian-Russian Belgazprombank Joint Stock to perform the banking operations. However, Belgazprombank is not regulated. As a result, while the bank has more operational freedom, it also carries higher risks.
What Can I Trade on Belgazprombank?
At Belgazprombank, you can engage in a variety of financial trading and depository activities.
Trade Finance and Documentary Business:
- Letters of Credit: Belgazprombank offers issuance, advising, and confirmation of letters of credit, with or without coverage.
- Irrevocable Reimbursement Undertakings (IRUs): The bank provides issuance of IRUs, which are commitments to reimburse the amount covered under a letter of credit.
- Bank Guarantees: The bank issues and advises on bank guarantees.
- Post-Financing and Discounting: You can access post-financing or discounting services for documentary letters of credit.
- Trade-Related Loans: The bank provides loans specifically related to trade activities.
- Trade Financing with ECA Coverage: Trade financing options are available under the coverage of Export Credit Agencies (ECAs) and international development banks.
- Custom Transactions: Other trade-related transactions can be arranged as permitted by applicable legislation upon request.
Belgazprombank Fees
Belgazprombank charges fees and commissions for banks and non-banking credit and financial institutions. You can download the file to learn about specific fee item. Besides, the key fee items have been presented in a table:
| Service Category | Fee | |
| Account Maintenance Fees | ||
| Statement and Credit Notification Issuance | Extra statement and credit notification upon request | BYN 20.00 per item |
| Temporary Statement Issuance | Issuance of temporary statement upon request | BYN 20.00 per item |
| Bank Transfers | ||
| Foreign Currency Transfers | ||
| Interbank Transfers (MT2XX) | USD 10.00 | |
| Customer Transfers (MT103) | Through Nostro account in Belarusian bank | USD 7.00 |
| Through Nostro account in foreign bank: | ||
| USD | USD 20.00 | |
| RUB | RUB 600.00 | |
| EUR | EUR 25.00 | |
| Other currencies: | 0.1%, minimum USD 20.00, maximum USD 75.00 | |
| Cash Withdrawals | ||
| Foreign Exchange Purchase | Foreign exchange purchase at Belarus Currency and Stock Exchange based on separate agreement | 2% of the application amount |
| Custody Services | ||
| Securities Account Opening | For issuers | BYN 50.00 |
| Residents | BYN 40.00 | |
| Non-residents | BYN 180.00 | |
| Issuers Securities Credit Entry | Without providing a compliant electronic list of holders | BYN 4.00 per shareholder, minimum BYN 50.00 |
| With providing a compliant electronic list of holders | BYN 2.00 per shareholder, minimum BYN 30.00 | |
| Custody Service Subscription for Bonds | Per issue (monthly or part of a month) | BYN 20.00 |
| Securities Registration in Central Storage | Per issue or part of an issue | BYN 25.00 |
| Securities Account Storage Fees | Residents | BYN 15.00 |
| Non-residents | BYN 35.00 | |
| Transfer of Securities Between Accounts | Residents | BYN 15.00 per item |
| Non-residents | BYN 35.00 per item | |
| Delivery transfer | ||
| Residents | BYN 20.00 per item | |
| Non-residents | BYN 50.00 per item | |
| Freezing Securities for Trading in Belarus Currency and Stock Exchange | ||
| Residents | BYN 20.00 per item | |
| Non-residents | BYN 50.00 per item | |
| Registration Preparation (securities registered with multiple custodians) | BYN 25.00 | |
| Calculation of Income (dividends, interest) | BYN 90.00 | |
| Payment of Income (dividends, interest) | BYN 40.00 plus BYN 5.00 per item | |
| Redemption of 1 Security | BYN 20.00 | |
| Termination of Custody Agreement | (Due to change of custodian) | BYN 550.00 |
Trading Platform
Belgazprombank offers BGPB Mobile app. With this app, you can access various banking services right from your smartphone. Whether you need to make payments, transfer funds, or apply for a term deposit, BGPB Mobile has you covered.
Besides, on their app, you can view your card and deposit balances, block or unblock your cards, and set up notifications for each transaction made with your card. The app is available to both customers of Belgazprombank and holders of payment cards from other banks in Belarus. Lastly, the app can be downloaded for free on Android, iOS, and Huawei devices.
Customer Service
Belgazprombank offers phone, email, fax and social media including Twitter, Facebook, Instagram, YouTube and Telegram. However, fees for a call may be charged by phone providers in accordance with tariffs.
| Contact Options | Details |
| Phone | + 375 17 229 15 38 / +375 17 218 36 55 / 120 / (44)76-66-120 / (33)66-66-120 / (25)66-66-120 |
| media@bgpb.by / fi@bgpb.by | |
| Fax | (+375 17) 369 45 25 |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | Twitter, Facebook, Instagram, YouTube and Telegram |
| Supported Language | English and Russian |
| Website Language | English and Russian |
| Physical Address | 220121, Minsk, 60/2 Pritytsky Str |
The Bottom Line
In conclusion, Belgazprombank offers financial trading and depository activities. It utilize the mobile app, BGPB Mobile app to serve their traders. These services are suitable for individual and corporate to choose their preferential services.
FAQs
Is Belgazprombank safe?
No. It is not regulated well.
Is Belgazprombank good for day trading?
No.
Is there a fee for using BGPB mobile?
The use and installation of the application is completely free and does not contain any paid subscriptions or monthly fees for use.
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