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NPBFX Broker Review 2024

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NPBFX Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:NPBFX
Founded:Belize
Min Deposit:10
Max Leverage:1000
Headquarter:Belize City
US Accepted:
About
NPBFX is a well-known Forex and CFDs broker based in Balize. This broker has been offering trading services since 1996 and has a maximum leverage of 1:1000 in various markets, including currencies, precious metals, and energies.
Contact
Blake Building, Belize City, BZ
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Tight spreads from 0.4 pips
Up to 1:1000 leverage
24/5 customer support
Low minimum deposit for Master account
Cons
No tier-1 regulation
High minimum deposit for Expert and VIP accounts
Limited choice of trading platforms

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.

NPBFX Broker Review
NPBFX Forex and CFD broker review for traders

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.

NPBFX accounts
NPBFX offers 3 different account types

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:

  1. Visit the NPBFX website: Navigate to the official NPBFX website at "nmarkets.org" and click on the "Register" button.
  2. Fill out the registration form: Enter first and last name, email, and phone number.
NPBFX sign-up
Enter your personal information to register in NPBFX broker
  1. Enter verification code: Enter the verification codes sent to your email address and phone number.
  2. 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
NPBFX MT4 trading platform
NPBFX offers trading services through MetaTrader 4 trading platform

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)
NPBFX deposit and withdrawal methods
NPBFX offers various deposit and withdrawal methods

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.
NPBFX loyalty program
NPBFX offers valuable prizes for loyal customers
  • 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 Broker Restricted Countries
NPBFX doesn't offer trading services to U.S. and Canadian citizens

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

NPBFX broker trust score in ForexPeaceArmy

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.

FAQs

Is NPBFX regulated by top-tier broker?

No, NPBFX is not regulated by top-tier authorities.

Does NPBFX offer MetaTrader 5?

No, NPBFX currently only offers MetaTrader 4 as its main trading platform.

Can I use Expert Advisors (EAs) with NPBFX?

Yes, NPBFX supports the use of Expert Advisors on its MetaTrader 4 platform.

What leverage does NPBFX offer?

NPBFX offers leverage up to 1:1000 on its Master account and up to 1:200 on Expert and VIP accounts.

What is the minimum deposit in NPBFX broker?

The minimu deposit in NPBFX broker is $10.

What are the available markets in NPBFX broker?

NPBFX offers trading services for various instruments, including currency pairs, gold, silver, and natural gas.

How can I contact NPBFX customer support?

NPBFX provides various supporting channels, including phone, email, and live chat.

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