NPBFX, established in 1996 in Belize, is a well-known Forex and CFDs broker that offers trading services to traders worldwide. This award-winning broker (over 20 awards) has offices in the U.K., Russia, and Belize.
In this article, we will review NPBFX broker features, exploring its pros and cons to help you decide whether this broker suits your needs.
Company Information & Regulation of NPBFX broker
NPBFX, short for NEFTEPROMBANK FOREX, has been actively providing trading services for over 2 decades. This broker has low-tier regulations, including SVG FSA and The Financial Commission.
This puts traders at risk since low-tier regulatory authorities have different supervision and regular audits than Tier 1 authorities such as FCA, SEC, ASIC, and CySEC.
NPBFX Broker Summary of Specifications
Let's take a closer look at the key features that make NPBFX stand out:
Broker | NPBFX |
Account Types | Master, Expert, VIP |
Regulating Authorities | SVG FSA, The International Commission |
Based Currencies | USD, EUR, RUB |
Minimum Deposit | $10 |
Deposit Methods | Visa/ MasterCard, Webmoney, Skrill, Neteler, Yandex Money, Qiwi Wallet, Bank Wired |
Withdrawal Methods | Visa/ MasterCard, Webmoney, Skrill, Neteler, Fasapay, Yandex Money, Qiwi Wallet, Bank Wired |
Minimum Order | 0.01 |
Maximum Leverage | 1:1000 |
Investment Options | Auto Trade, Copy Trading |
Trading Platforms & Apps | MT4, NPBFX Trader |
Markets | Forex, gold, oil, silver, natural gas |
Spread | From 0.4 pips |
Commission | No |
Orders Execution | Instant, Market execution |
Margin Call/Stop Out | No/ 30% |
Trading Features | Demo account |
Affiliate Program | Yes |
Bonus & Promotions | Yes |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live chat, email, phone |
Customer Support Hours | 24/5 |
NPBFX Account Types
NPBFX offers 3 main account types to suit different trading styles and experience levels. These include:
Account Type | Master | Expert | VIP |
Spread | Floating from 0,8 pips | Floating from 0,6 pips | Floating from 0,4 pips |
Commission | No | No | No |
Maximum leverage | 1:1000 | 1:200 | 1:200 |
Minimum deposit | $10 | $5,000 | $50,000 |
Trading Platform | MT4, NPBFX Trader | MT4, NPBFX Trader | MT4, NPBFX Trader |
Additional account features:
- Islamic/Swap-free options available for all account types
- Demo account for practice trading
The tiered account structure allows traders to choose the best fit for their trading style and capital, with improved conditions as the account level increases.
Advantages and Disadvantages of NPBFX Broker
Let's weigh the pros and cons of trading with NPBFX:
Advantages | Disadvantages |
Low minimum deposit for Master account | High minimum deposit for Expert and VIP accounts |
Up to 1:1000 leverage | Limited choice of trading platforms |
Tight spreads from 0.4 pips | No tier-1 regulation |
24/5 customer support |
Sign-Up & Verification Guide in NPBFX
Getting started with NPBFX is a straightforward process. Here's a step-by-step guide:
- Visit the NPBFX website: Navigate to the official NPBFX website at "nmarkets.org" and click on the "Register" button.
- Fill out the registration form: Enter first and last name, email, and phone number.
- Enter verification code: Enter the verification codes sent to your email address and phone number.
- Upload verification documents: Submit proof of identity (e.g., passport) and proof of address (e.g., utility bill).
Remember, the verification process is crucial for maintaining a secure trading environment and complying with anti-money laundering regulations.
NPBFX Broker Trading Platforms
NPBFX provides access to the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface and powerful features, including:
- 30+ built-in technical indicators
- Custom indicator support
- Expert Advisors (EAs) for automated trading
- One-click trading
- Multiple chart types and 9 timeframes
Links:
NPBFX also has a propriety platform for iOS and Android users called NPBFX Trader, which lets you deposit money and trade instruments on your mobile phone.
NPBFX broker Spreads and Commissions
NPBFX offers competitive spreads and a commission-free trading model:
Account Type | Spread | Commission |
Master | from 0,8 pips (average 1,2 pips) | No |
Expert | from 0,6 pips (average 1,0 pips) | No |
VIP | from 0,4 pips (average 0,8 pips) | No |
The spread varies depending on market conditions and account type, with VIP accounts enjoying the tightest spreads. This pricing structure allows traders to potentially reduce their trading costs, especially for high-volume traders.
NPBFX Broker Deposit & Withdrawal
NPBFX offers a variety of deposit and withdrawal options to cater to global clients, including:
- Bank Wire Transfer
- Credit/Debit Cards (Visa, MasterCard)
- E-wallets (Skrill, Neteller, WebMoney)
Key points:
- No deposit fees charged by NPBFX
- Minimum deposit: $10 (Master account)
NPBFX aims to provide fast and commission-free deposit and withdrawal options. However, some users have reported issues with slow withdrawal processing, which is an area the broker should address to improve client satisfaction.
NPBFX Copy Trading & Investment Options
NPBFX provides copy trading services through MetaTrader 4. Traders can use expert advisors to copy successful strategies and increase their win rate.
Traders can also use NPB invest to copy profitable traders. They can filter traders based on age, top growth, average profit per month, max drawdown, and profitability rate and choose what suites their needs.
NPBFX Broker Tradable Markets & Symbols Overview
NPBFX offers a diverse range of tradable instruments:
- Forex: 38 currency pairs, including majors, minors, and exotics
- Metals: Gold and Silver
- Commodities: Oil and Natural Gas
NPBFX tradable instruments are limited compared to other famous brokers.
NPBFX broker Bonuses and Promotions
NPBFX offers several attractive bonuses and promotions:
- Cashback bonus: Earn up to 60% cashback from spread (up to 7$ per lot)
- Loss Compensation: Receive compensation for previous trading losses, up to 50% of your initial deposit.
- Transfer Bonus: Get a 30% bonus on funds transferred from other brokers.
- Trading Competitions: Participate in regular contests on both demo and real accounts for a chance to win prizes.
These promotions can significantly enhance trading profitability and provide additional incentives for new and existing clients.
NPBFX Broker Support
NPBFX provides customer support through various channels:
- Live Chat: available on the website
- Email Support: client.trading@npbfx.com
- Phone Support: +44 800 069-84-70
- Personal Manager: Register a Personal Office and get advice from a personal manager
- Online consultant: Ask your questions from an online consultant
While NPBFX strives to offer quality support, some users have reported issues with response times and resolution of complex problems. The broker should focus on improving these aspects to enhance overall customer satisfaction.
NPBFX Broker Restricted Countries
NPBFX doesn't allow U.S. and Canadian traders to trade on its platform. it's common for brokers to restrict services in certain jurisdictions due to regulatory requirements. Traders should check with NPBFX directly or consult the broker's terms and conditions to confirm service availability in their country of residence.
NPBFX Trust Scores & Reviews
NPBFX has received mixed reviews and trust scores from traders:
Source | Score | Links |
Trustpilot | 3.7 | NPBFX broker trust score in Trustpilot |
ForexPeaceArmy | 2.33 |
Potential clients should conduct thorough research and consider their individual trading needs before choosing NPBFX as their broker.
NPBFX Broker Education
NPBFX offers a special educational resource to support traders called the NPBFX Analytical Portal. This broker offers exclusive tools and insights for financial markets, providing daily reviews and forecasts on currencies, metals, and CFDs, along with trading signals derived from 10 indicators with a consensus forecast.
Users also benefit from weekly video reviews, training materials, trader calendars, calculators, interest rates, and historical volatility data. Additionally, an online chat feature allows direct communication with analysts.
Traders can use these resources to make informed, professional-level decisions. Signing up grants unlimited access to all the portal's analytical tools.
Trading Finder Expert Suggestion
NPBFX (NEFTEPROMBANK FOREX) has established itself as a famous Forex and CFDs broker since 1996. This broker enables traders to buy and sell various instruments, including currencies, metals, and energies.
NPBFX various deposit and withdraw methods combined with wide range of account types, make this broker standout. However, On the other-hand not having regulatory licenses from major authorities such as FCA, ASIC, or CySEC is a major downside for this platform.
Ultimately, choosing a broker depends on your trading needs. always check different broker before opening an account in them.
