NPBFX review

Choosing the right forex broker is a crucial step for any trader – we break each broker down to critical criteria to help you choose the best for your needs. In our NPBFX review, you’ll find everything you need to know about this broker. 

Founded in 1996, NPBFX has provided traders with reliable services for decades, positioning itself as a trusted name in the industry. In this comprehensive breakdown, we’ll highlight its key features, including trading platforms, customer support, and account types to help you find the answer to all your questions. 

TL;DR

• NPBFX offers competitive trading conditions with spreads from 0.4 pips and leverages up to 1:1000, depending on the account type. 
• The broker provides MetaTrader 4 platform and social trading options through ZuluTrade.
• NPBFX lacks major regulatory oversight, which may be a concern for some traders. 
• The broker offers a variety of tradable assets including Forex, stocks, indices, and cryptocurrencies but its offering can be further expanded. 
• NPBFX has mixed user reviews, with praise for trading conditions but some reported withdrawal issues 

Criteria Breakdown

These criteria will help you accurately assess this broker’s performance compared to other players in the market and industry standard. Moreover, they highlight several features that might represent a deal breaker for you, depending on your trading style and investment goals. 

Keeping the same checklist, comparing different brokers will be an easier job. They cover everything from regulations to assets offered, trading platforms, and customer support, giving you a glimpse of what it’s like to invest your cash with NPBFX. 

NPBFX: What It’s Best Known For 

Competitive Trading Conditions and Social Trading Options

NPBFX began operations in 1996 providing foreign exchange market services to the Russian Nefteprombank. In 2016, it changed its scope to become an international universal STP brokerage company serving global clients. 

This broker serves individual clients with classic trading strategies, those interested in scalping and high-frequency trading, high-volume traders who value liquidity, institutional clients, and investors with special needs. 

With various account types available, investors can access spreads as low as 0.4 pips for maximum profit opportunities. This broker also offers NPB Invest—a platform dedicated for copy trading and social trading with ZuluTrade. 

The leverage can be up to 1:1000, multiplying profits and losses if you aren’t careful. As a result, it’s always a good idea to research your position before choosing an account to commit. 

As a member of the Financial Commission, NPBFX can cover investors with a compensation of up to €20,000. However, although almost all investment strategies are allowed, the lack of top-tier regulatory supervision can leave many investors skeptical. 

Features

Let’s dig a little deeper below the surface to understand what NPBFX offers and the kind of clients it serves. These highlighted features will give you an idea of the expected user experience when you choose NPBFX as your broker. 

MetaTrader 4

MetaTrader 4 is a proven trading platform known for its versatility and reliability. It offers several helpful tools including charting, automated trading, and market analysis, helping you place and execute orders for maximum profits. 

Think of this platform as your trading Swiss Army knife—packing multiple tools into one, and allowing traders to adapt to different market conditions with ease. 

Although it might lack some advanced tools, many investors prefer MT4 because it’s user-friendly and simple to use. This trading platform is also available as a mobile app for Android and iOS devices. 

Account Types

Are you a seasoned expert trader or trying trading for the first time? Don’t worry because NPBFX offers a range of account types, catering to different experience levels and trading needs. 

Traders can select from three options: Master, Expert, and VIP accounts based on their investment goals, budget, and risk tolerance. 

The Master account is perfect for beginners, allowing you to start trading with just a $10 deposit. It offers essential features without being too overwhelming. 

Want to access more trading opportunities? The Expert account offers higher leverage with more advanced tools for experienced traders. 

If you’re a high-volume trader, the VIP account will be an excellent choice. It offers personalized services and even more competitive trading conditions for traders with special investment needs. 

Such flexibility allows all traders and investors to choose the level that meets their trading goals, without locking anyone into a one-size-fits-all plan.

All account types allow order automation with the help of expert advisors. You can also set up a demo account to learn more about trading with NPBFX. Additionally, swap-free accounts are available for those interested in trading without enduring interest. 

Lightning-Fast Order Execution

NPBFX claims to have order execution speeds between 50-70 milliseconds—faster than you can say “buy” or “sell”! This near-instant execution can make all the difference in fast-moving markets, where a few milliseconds can impact your trade outcome.

For active traders, especially the ones interested in scalping, hedging, and day trading, execution speeds are critical. Faster trades mean better chances of hitting the price you want, minimizing slippage, and maximizing your potential profits. So, why waste seconds when NPBFX can offer one of the fastest executions on the market?

Social and Copy Trading

Not sure about your trading skills? NPB Invest is a special feature that allows you to copy the moves of successful investors, for a calculated risk and guaranteed result. 

But that’s not all. As an expert trader, NPBFX enables passive income opportunities when other investors copy your trading moves. 

For traders who love the social aspect of trading, NPBFX has integrated social trading options. You can follow successful traders, copy their strategies, and interact with a community of like-minded individuals—all without leaving your couch thanks to the ZuluTrade integration. ZuluTrade is also available as a mobile app. 

Social trading helps beginners learn by observing seasoned traders, while also offering experts a platform to share their success. It’s a win-win situation that creates a collaborative environment in an otherwise individualistic market.

Pros 

So, what makes NPBFX special? Here are some of its key advantages. 

Competitive Spreads and Leverage

VIP account spreads can be as low as 0.4 pips, which is way less than the industry average. This number increases to 0.6 pips with the Expert account and 0.8 pips with the Master account. Nevertheless, it’s still below other brokers. 

The reduced trading costs represent a lucrative opportunity for traders on a tight budget, like beginners. They also offer better market liquidity and reduce risk exposure. 

Leverage is 1:200 but increases to 1:1000 with the Master account. This leverage range allows for more flexibility in trading larger positions and balances potential returns with a reasonable risk level. However, practicing proper risk management techniques is essential, especially if you attempt to fully utilize your leverage with the Master account. 

Fast Order Execution

NPBFX creates favorable trading conditions with fast order execution times. With most orders executed within 50 to 70 ms, there’s no room for missing an opportunity.

Fast execution speeds guarantee better price accuracy and reduce slippage. They also facilitate the work of scalpers who aim to profit from small price movements. However, you should be careful with the inherent risk of high-frequency trading. 

Flexible Trading Strategies  

This is probably one of my favorite NPBFX features. Unlike other brokers that control what traders can and can’t do, this trading platform offers maximum flexibility. Whether you’re interested in HFT, scalping, hedging, social trading, or copy trading, NPBFX won’t disappoint you. 

So, what does this mean for you?

NPBFX allows you to access the market, regardless of your budget, investment goals, and risk tolerance. It offers favorable trading conditions for every trader. So, you can grow, change your strategies, and adjust your investment goals, and still find what works for you. 

Social and Copy Trading Options  

Social trading and copy trading represent an excellent opportunity for beginner and seasoned investors. 

Beginners can follow in the footsteps of expert traders with copy trading, for low-risk investments and high profit potentials. At the same time, if you enable others to copy your trading moves, you’ll make money every time they do. Think of a passive income stream when you’re taking a trading break—wouldn’t that be amazing?

Social trading takes it up a notch by connecting you to a dedicated community of trading enthusiasts. You can learn about the latest news, share investment opinions, engage in educational discussions, and more, helping you become a better trader. 

Cons

Now, it’s time to talk about NPBFX’s drawbacks. You should consider them while weighing the pros. 

Lack of Major Regulatory Oversight  

NPBFX is a member of the Financial Commission—a Tier 3 body, but that’s it. None of the top-tier regulators n’t regulate it and the Financial Commission doesn’t always support traders. 

Yes, according to this commission, there’s a negative balance protection and investors can be covered with compensation of up to €20,000. However, there’s no guarantee that you’ll ever receive it. In other words, if something goes wrong, you’ll probably be on your own. 

Limited Platform Options  

NPBFX offers MT4 to its clients. It doesn’t offer MT5, which provides more advanced charting tools, in-depth analysis, and additional cool features. 

As your trading and investment goals change, MT4 will be unsatisfactory, as it offers basic features. MT4 is mainly for forex trading, while MT5 is a multi-asset platform. Moreover, MT5 provides more order types for complex market conditions, maximizing traders’ profit potential. 

Limited Educational Resources  

Although NPBFX offers some educational resources, many believe they aren’t up to industry standards. The website provides access to an educational hub that covers about 60 trading strategies, which is way less than what other brokers offer. 

Users can access articles, webinars, and some tutorials, but there are no interactive courses. However, some traders benefit from the social and copy trading options available as they learn about the ins and outs of trading by interacting with other investors. 

Mixed User Reviews

Generally speaking, users have mixed reviews regarding NPBFX’s customer support. There’s no live chat option, and you can either email or fill out a form and wait for your reply. 

The platform offers multilingual support in 8 languages, but it’s not available on the weekends. So, again in case of an emergency, you’ll be on your own. Moreover, some users reported glitches with withdrawal transactions that led to delays, although most of them got handled later. 

Criteria Evaluation

Now, let’s go back to our evaluation criteria. In this section of our comprehensive NPBFX review, we dissect this platform’s performance compared to industry standards and other brokers. 

Regulation and Security: 3/5  

This is an area for improvement, as NPBFX lacks regulation by Tier-1 regulatory bodies. Although it’s a member of Category A of the Financial Commission, this isn’t enough to offset the high risks of trading as it’s classified as a Tier-3 body, which is the lowest level of protection. 

The platform offers negative balance protection and clients’ compensation, but the lack of regulatory oversight shouldn’t be ignored as it increases the risk of fraud. And you don’t want to lose your hard-earned money, do you?

Trading Conditions: 4/5 

Let’s say this loud and clear: NPBFX offers one of the best trading conditions in the industry with maximum flexibility, regardless of your trading needs and investment goals. Whether you’re into day trading, hedging, scalping, HFT, or good old position trading, NPBFX has got you. 

The competitive spreads and different leverage options based on account types address the needs of various investors. If you’re a beginner or an expert trader, you’ll have access to favorable trading conditions that will help you achieve your investment goals. 

Trading Platforms: 3/5  

With only MT4 available for traders and investors who work with NPBFX, some will be left unsatisfied missing out on advanced trading tools. MT4 has a limited target audience as it’s mainly designed for forex trading. MT5, on the other hand, is more comprehensive. 

Moreover, with MT5, you’ll be better equipped to face the changing market conditions. So, if you need advanced tools and order types, NPBFX might not work for you. 

Asset Range: 3/5  

NPBFX offers about 100 tradable assets, including 40 currency pairs, indices, ETFs, shares, and commodities like energy and precious metals. 

So, while this can be an interesting offering for beginner investors, it might leave more experienced traders unsatisfied. With the lack of more assets and financial instruments like bonds, traders won’t be able to diversify their portfolios. Moreover, this will tempt some traders to seek another alternative. 

Customer Support: 3/5  

Customer support is offered in eight languages, but it’s only available 24/5. There’s no live chat option for emergencies, so you should either send an email or fill in a query form. 

Some customers reported seamless transactions with NPBFX. However, the lack of immediate response was a big turn-off to many users. 

Educational Resources: 2/5  

Many clients weren’t satisfied with the range and nature of educational resources on NPBFX. It provides access to some articles and webinars, but they address basic trading strategies. 

One of the biggest green flags in trading is a platform that allows you to grow. However, if you want access to advanced educational tools like interactive courses or specialized tactics and strategies, NPBFX won’t be the right one for you. 

It’s somehow designed for traders who can manage things on their own. So, if you need some guidance, other alternatives might suit you better. 

Deposit/Withdrawal Options: 4/5  

Traders can fund their accounts using different credit cards and electronic wallets. Bank transfers are also accepted, and there’s no deposit fee. The same applies to withdrawal transactions. 

While most brokers charge a withdrawal fee, NPBFX doesn’t, although currency conversion fees might apply. Additionally, some payment methods will charge fees reflected in your funds, like bank transfers and WebMoney. 

Some clients faced withdrawal delays that eventually got handled but stressed them big time before their issues were resolved. 

User Reviews: 3/5 

Overall, people had mixed reviews regarding their experience with NPBFX, but this is almost the case with every broker out there. It’s hard to find a trading platform that everyone swears by. However, NPBFX can be an excellent broker if you’re interested in flexible trading conditions and fast execution speeds with tight spreads. 

On the downside, the MT4 interface leaves some advanced options neglected. Moreover, beginner investors might feel lost with the lack of in-depth educational resources and a rather confusing interface. 

Community Reviews and Expert Recommendations

Always believe the people. What do traders think of NPBFX? How do they describe their experience using it?

Robyn Brown praised the forex trading conditions on TrustPilot in his review, “I’ve been trading with NPBFX for almost three years now, and they’ve been amazing! Their platform is super reliable, which is perfect for how I trade, whether it’s Forex, commodities, or crypto. The market insights they provide have helped me make smart decisions. And seriously, the crypto trading conditions are some of the best I’ve seen. NPBFX is a broker that grows with you as a trader.”

Another user on Forex Peace Army explained that they had to change their review after the company handled a withdrawal issue, “I wanted to update a previous bad review because I’ve been able to withdraw money at the end of the day. As they are from Russia, they faced some difficulties in handling it, but the withdrawal came quite late, but it came so I can’t complain.”

On the other hand, some clients had some negative comments to share. One user on Forex Peace Army explained, “NPBFX is a fair broker. They paid me well. But based on my experience with them, I don’t think it’s a good broker for news traders.”

So what do experts say about this broker? They mostly agree with users’ comments. Yes, NPBFX offers good trading conditions to some traders, but not to all. Delays in withdrawal transactions are sometimes caused by factors that the company has no control over, but they try to respond to complaints as fast as they can. Sometimes their best is not enough. 

Moreover, experts agree that while this platform offers flexibility and tight spreads, it might not be the perfect choice for beginners. 

NPBFX Pricing

NPBFX charges no commission and it doesn’t charge an inactivity fee. The Master account has a minimum deposit requirement of $10 but the VIP account increases the deposit to $50,000. Withdrawal and deposit fees might apply to some payment methods, but there are plenty of options to choose from. 

So, how does this platform make money? It profits from spreads with average pips corresponding to the market average. However, in some cases, you might be able to secure a good deal with an incredibly tight spread if you’re lucky. 

Alternatives to NPBFX

As mentioned, NPBFX might not be the perfect choice for every trader. Here are some other alternatives to consider. 

eToro

For those interested in social and copy trading, nothing beats eToro. However, beware of the higher trading fees as they might not work for every investor. Our eToro review discusses the pros and cons of this broker. 

FIBO Group

FIBO Group is a broker that grants access to various asset classes with MT4, MT5, and cTrader platforms for an enhanced trading experience. However, it doesn’t provide beginner investors with enough educational resources and the higher-than-average spreads can be an obstacle to many. See our FIBO Group review for more information. 

Forex.com US

Forex.com US is specifically designed to meet the needs of US clients with decent execution and performance analytics. However, stop-loss orders aren’t always guaranteed. You can learn more about this platform by reading our forex.com review. 

To access the right Forex.com based on your location – here’s a list of links that will take you to the right place: 

• Forex.com UK
• Forex.com Canada
• Forex.com ROW
• Forex.com LatAm
• Forex.com MENA

Multibank Group

Multibank Group offers a solid trading environment with low deposit requirements and competitive spreads. However, its regulatory status and customer support might not always meet traders’ expectations. Our Multibank Group review details this broker. 

Final Thoughts

From tight spreads to social trading, competitive spreads, and lucrative leverage, this broker sounds like a good choice to many. And did we mention its fast execution speed and flexible trading conditions?

However, some areas of improvement still exist and they might deter some potential users. For starters, the lack of a top-tier regulatory oversight is concerning. MetaTrader 4 is a solid platform to have available, but it lacks the additional features you might need as your trading needs change. Moreover, customer support and educational resources could use some work. 

So, is NPBFX the right broker?

Only you can answer this question. With our in-depth NPBFX review, you can do this successfully. If you’re interested in tight spreads, flexible trading conditions, and fast execution times, it will be a good choice. 

Nevertheless, if you’re new to trading and prefer to work with a broker with major regulatory oversight, you should look elsewhere. 

At TopBrokers, you’ll find all the information you need about the industry’s biggest players. 

Our goal is to provide you with unbiased comprehensive information to help you make the best choice for your trading journey. Whether you’re looking for basic forex terms or trend trading strategies, we’ve got you covered. 

As always, take your time and do your research – powered by TopBrokers,  you’ll soon find a broker that aligns with your trading goals.