NPBFX (NEFTEPROMBANK FOREX) is a Forex broker based in the Island of Moheli. It provides 3 primary trading accounts, including Master, Expert, and VIP.
These accounts allow traders to buy and sell 38 currency pairs, gold, silver, oil, and natural gas, with spreads as low as 0.4 pips.
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.
The NPBFX Financial Commission membership offers a compensation fund of €20.000 per complaint.
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.
Due to this offshore regulatory status and reports of poor customer support and withdrawal delays, NPBFX poses a higher risk profile than brokers under more stringent supervision.
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 Financial 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 |
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 |
The tiered account structure allows traders to choose the best fit for their trading strategy and capital, with improved conditions as the account level increases. Additional account features:
- Islamic/Swap-free options available for all account types
- Demo account for practice trading
Advantages and Disadvantages of NPBFX Broker
Let's weigh the pros and cons of trading with NPBFX:
Advantages | Disadvantages |
Low minimum deposit for the 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
The NPBFX registration is a streamlined, three-phase procedure that enables traders to access over 40 trading instruments in Forex, commodities, and crypto markets. You’ll just need to submit your personal details and verify both your email and mobile number to activate the dashboard.
#1 Visit the Official NPBFX Website
Go to the NPBFX homepage and click the “Register” button to initiate the process.
#2 Input Personal Details
Provide your personal information on the application form, including:
- First and last name
- Email address
- Phone number
These credentials must be unique and not previously used on the platform.
#3 Confirm Contact Information
NPBFX will send out two OTP codes—one to your mobile and the other to your inbox. Enter them within the given time limit and press “Confirm” to finalize your registration.
#4 Complete NPBFX Verification
Log in to the broker's client area and upload verification documents under the "KYC" menu:
- Proof of Identity: Passport or Driving license
- Proof of Address: Utility bill or Bank statement
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:
TradingFinder has developed various MT4 indicators that are available for free.
NPBFX also has a proprietary 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. Key points on NPBFX fee structure:
- There is no mention of inactivity or maintenance fees;
- However, withdrawal-related complaints are common, suggesting hidden or practical cost barriers for some clients.
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 and MasterCard
- E-wallets: Skrill, Neteller, and WebMoney
Key points:
- No deposit fees charged by NPBFX
- Minimum deposit: $10 (Master account)
NPBFX aims to provide fast and commission-free deposit and withdrawal options. However, some users have reported issues with slow withdrawal processing, which is an area the broker should address to improve client satisfaction.
NPBFX Copy Trading & Investment Options
NPBFX provides copy trading services through MetaTrader 4. Traders can use expert advisors to copy successful strategies and increase their win rate.
Traders can also use NPB invest to copy profitable traders. They can filter traders based on age, top growth, average profit per month, max drawdown, and profitability rate and choose what suites their needs.
NPBFX Broker Tradable Markets & Symbols Overview
NPBFX offers a diverse range of tradable instruments:
- Forex: 38 currency pairs, including majors, minors, and exotics
- Metals: Gold and Silver
- Commodities: Oil and Natural Gas
The broker does not currently offer cryptocurrency or stock CFDs, limiting its appeal for traders seeking broad asset diversification.
NPBFX broker Bonuses and Promotions
NPBFX offers several attractive bonuses and promotions:
- Cashback bonus: Earn up to 60% cashback from spread (up to 7$ 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.
In order to get compensation of loss bonus follow these steps:
- Open Personal Office with NPBFX broker;
- Discuss the compensation amount with the personal manager, referencing the details from your trading account statement;
- Deposit at least $100;
- Compensation funds will be credited to your account automatically.
These promotions can significantly enhance trading profitability and provide additional incentives for new and existing clients.
NPBFX Broker Support
NPBFX provides multilingual customer support five days a week (24/5), available in eight languages.
- 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 the 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:
Trustpilot | 3.7 out of 5 |
2.33 out of 5 |
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.
You can also check TradingFinder's Forex education section for additional resources.
NPBFX Comparison Table
The table below compares NPBFX features with other popular brokers:
Parameter | NPBFX Broker | |||
Regulation | SVG FSA | FCA, FSCA, CySEC, SCB | FSA, CySEC, ASIC | CySEC |
Minimum Spread | From 0.4 pips | From 0.0 pips | 0.0 Pips | From 0.0 points |
Commission | $0.0 | From $0 | Average $1.5 | Classic $0 ECN from $5 |
Minimum Deposit | $10 | $100 | $200 | $50 |
Maximum Leverage | 1:1000 | 1:500 | 1:500 | 1:30 |
Trading Platforms | MT4, NPBFX Trader | MT4, MT5, cTrader, Web Trader, Mobile App | Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile | MetaTrader 4, MetaTrader 5, Mobile App |
Account Types | Master, Expert, VIP | Standard, Pro, Raw+, Elite | Standard, Raw Spread, Islamic | Classic, ECN, Demo |
Islamic Account | Yes | Yes | Yes | No |
Number of Tradable Assets | 40+ | 2,100+ | 2,250+ | 100+ |
| Trade Execution | Instant, Market | Market, Instant | Market | Market |
TradingFinder Expert Suggestion
NPBFX strives to provide quality trading services, with 8 deposit and withdrawal methods, up to a 60% cashback bonus from spreads, and $0 trading commission.
On the other hand, not having regulatory licenses from major authorities such as FCA, ASIC, or CySEC and a low Trustpilot rating (3.7/5) are important points traders need to consider.