Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

NPBFX Review

4.05
20 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

NPBFX general information

Founded in: 1996 year
Headquarters:
Russia
Offices in the country: Belize, United Kingdom, Russia
Minimum Deposit: 10 $
Website: www.npbfx.com
Website languages: English, Russian
Execution model:
NDD, STP
Deposit currency: USD, EUR, RUB
Support languages: English, Russian
Regulated by: FSC Belize (Belize)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, STP accounts, VIP accounts
Autotrading: Zulutrade
Affiliate program: 1

NPBFX Forex broker description

Pros

  • Membership in the Financial Commission provides up to €20,000 in insurance coverage on traders' deposits.

  • NPBFX offers social trading with access to the independent ZuluTrade platform, which allows traders to follow and copy the trades of experienced traders.

  • All trading strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all accounts.

  • The minimum deposit amount required is relatively low, making it accessible to many traders.

  • The broker operates on both NDD and STP broker models, which means that traders have access to a range of liquidity providers, resulting in better pricing.

Cons

  • NPBFX does not offer the MT5 trading platform, which has unique advantages over the MT4.

  • NPBFX does not provide cent accounts, which may make it difficult for traders with small trading capital to get started.

  • The verification process to open an account with NPBFX can be complicated and time-consuming, which may deter some traders.

  • US and Canadian clients are not accepted by NPBFX, which may be disappointing for some traders in those regions.



Unique Selling Points

  • Innovative Technology usage: The broker uses high-tech software and hardware complex to ensure fast transaction processing, with a liquidity aggregator and bridge for closing deals. This allows clients to make transactions at the most favorable rates in the interbank market with minimum processing time.

  • Several Promotions and Incentives: NPBFX offers its clients a range of promotions and incentives. For instance, the "Compensation of loss" promotion allows clients to receive compensation for losses incurred earlier in trading by sending a statement (Profits and Losses Report) from their real trading account. Additionally, clients can get up to 60% cashback from every closed trade, with cashback fully available for withdrawal and trading.

  • Offers Trade Transfer: NPBFX provides the opportunity to transfer any open trades and trading account balance from other companies with an additional up to 30% to the number of funds on the trading account.

  • Affiliate Commission: If you're interested in earning commissions by referring new clients to NPBFX, the broker's partnership program allows you to do just that, with commissions from trading turnover of the attracted customer of up to $19 per lot or a one-time payment per client's deposit of up to $900 per deposit.


Introduction

NPBFX is a top-notch brokerage firm in the Forex market with over two decades of experience, as stated in numerous NPBFX broker reviews. The company, formerly known as Nefteprombank, rebranded to NPBFX on January 1st, 2016. It uses a unique blend of two business models, Market Maker, and Brokerage, to ensure that there are no conflicts of interest between the clients and the broker.

NPBFX has earned its reputation for credibility by licensing from the International Financial Services Commission of Belize, which has the most stringent standards for its members, as noted in many NPBFX reviews. 

Furthermore, the company is a member of The Financial Commission, an organization that promotes transparency and ethical behavior in the financial industry, proving its commitment to upholding high standards.

As highlighted in NPBFX reviews, traders worldwide trust NPBFX for its adherence to international standards of good business in financial services. Its use of STP technology ensures that clients' deals are directly routed to the interbank market, resulting in faster execution times and more favorable pricing.


Supported Countries

With a global reach, NPBFX serves a wide range of countries, including the Russian Federation, Montenegro, Ukraine, Kazakhstan, Belarus, Indonesia, Uzbekistan, South Africa, Singapore, Malaysia, Comoros Union, Saint Vincent and the Grenadines, British Virgin Islands, China, most of the EU, Hong Kong, India, Spain, Thailand, Turkey, United Arab Emirates, and the United Kingdom.

However, it's worth noting that NPBFX doesn't offer its services to residents of Canada and the United States. This is due to trade restrictions and regulations.


Customer Service Rating

When it comes to NPBFX broker review on TrustPilot, the platform has received 7 reviews with an average score of 3.2 out of 5 stars. 

Customers who gave positive reviews mentioned NPBFX's attentive customer support and quick fund withdrawal process, which are crucial factors in choosing a reliable Forex broker. 

However, some negative reviews mentioned difficulties in withdrawing funds and trading issues, which are worth considering before making a decision.


NPBFX Trading Platforms

NPBFX offers its clients the MetaTrader 4 trading platform.

  • MetaTrader 4 MT4: This is one of the most widely used electronic trading platforms in the world, offering advanced functionality for trading, controlling trading accounts, analyzing price charts, and developing trading strategies. With MetaTrader 4 on NPBFX, you can enjoy fully automated instant transactions with STP/NDD technology and no rejections or requotes. You can also lock open positions and trade with expert advisors for automated trading. The platform also features a real-time financial news tape from Dow Jones Newswires. For those looking for social trading options, NPBFX offers two great platforms - ZuluTrade and Myfxbook AutoTrade:

  • ZuluTrade: This leading online and mobile social trading platform enables users to follow and copy trades of successful traders ranked by ZuluRank, a proprietary performance evaluation algorithm. You can fully manage your trades with an array of advanced options, including customizing all trade parameters, choosing lot size, and managing trading times. With thousands of talented traders from 192 countries, you can connect with the ZuluTrade community through the website and mobile applications.

  • Myfxbook AutoTrade: This is one of the most advanced mirror trading platforms available, with a sophisticated and intuitive web interface. It is designed to be the most innovative, feature-rich, and user-friendly platform for mirror trading. AutoTrade provides the best systems, helping you build a successful portfolio. You can enjoy access to signal providers with proven track records, real data with accurate statistics, and automated trade mirroring completely. This platform also incentivizes signal providers only for profitable trades, aligning your interests with theirs.


Type of Trading Accounts on NPBFX

NPBFX offers flexibility in its account types. The Forex Broker provides traders access to three types of trading accounts: VIP, Master, and Expert. Each account type offers its unique features and benefits, so traders can choose the one that suits their needs the most:

  • Master Account: This account type is available on MetaTrader 4, MetaTrader 4 for iPhone/iPad, and NPBFX Trader. The spread for the EURUSD pair starts at just 0.8 pips, and the account allows for trading in 38 currency pairs, gold, silver, oil, and natural gas. There are no commission fees; the minimum deposit is just 10 USD, 10 EUR, or 500 RUB. With leverage of up to 1:1000 and the ability to trade using automated advisors (Expert Advisors), scalping, and high-frequency trading, the Master account is a great option for those who want to get started with forex trading.

  • Expert Account: This may be a better fit for more experienced traders. It also allows trading with a slightly lower spread starting at 0.6 pips. The minimum deposit is higher at 5,000 USD, 5,000 EUR, or 300,000 RUB. Still, this account also offers leverage of up to 1:200 and the same ability to trade using automated advisors, scalping, and high-frequency trading.

  • VIP account: This account is designed for the most advanced traders. It comes with a spread starting at just 0.4 pips and offers the same trading instruments as the other two accounts. The minimum deposit for this account is higher at 50,000 USD, 50,000 EUR, or 3,000,000 RUB, but it also comes with a leverage of up to 1:200.


Trading Denominations on NPBFX 

NPBFX makes trading convenient for its clients by offering various trading denominations. Traders can select their preferred denomination among the United States Dollar (USD), Euro (EUR), and Russian Ruble (RUB) based on their needs and preferences. 


Company Structure

NPBFX is owned by NMarkets Limited, a company incorporated on the Island of Moheli, Comoros Union. The laws of that country fully regulate the platform, and it operates under the registered license number T2022137. 

The company also has a partner company called NMarkets Limited, which is based in Saint Vincent and the Grenadines and is also fully regulated by the Financial Services Authority with company number 24454 IBC 2018.

To provide payment processing services, NM Financial Solutions Limited was established as a partner company that processes payments only from credit and debit cards. NPBFX is also a member of The Financial Commission, an international organization that resolves disputes in the international financial services sector.

With advanced server technologies and direct connectivity to the world's largest liquidity providers, NPBFX can offer high-performance results and provide high-speed and minimum-delay connections for customers' transactions. The company was awarded the winner in the nomination "Best STP Broker 2019" at the International Association of Forex Traders (IAFT).


NPBFX Licenses and Regulatory Compliance

NPBFX strives to provide a secure and regulated trading environment. In addition to being a member of The Financial Commission, NPBFX is regulated by two prominent regulatory bodies: the International Financial Services Commission (IFSC) in Belize and the Financial Services Authority in Saint Vincent and the Grenadines (SVGFSA). This ensures that NPBFX operates under strict guidelines and adheres to high standards of professionalism and transparency.

  • IFSC (Belize) license №IFSC/60/342/TS/15

  • SVGFSA with company number 24454 IBC 2018.


NPBFX Customer Protection

NPBFX is not only dedicated to providing top-notch trading services but it is also committed to protecting the interests of its clients.

NPBFX achieves this by being a permanent member of the Financial Commission. Furthermore, NPBFX provides insurance coverage of up to 20,000 euros through the Financial Commission, giving clients added peace of mind.

In addition, the broker offers segregated accounts, meaning client funds are kept separate from the broker's funds. This adds an extra layer of security to the trading process and helps to prevent any potential conflicts of interest. 

It's also worth noting that the broker's reputation is supported by the reputation of the bank, which further adds to its credibility and trustworthiness.


Trading Information

Whether you're a novice or an experienced trader, NPBFX offers trading conditions that are optimally suited to your needs. For those just starting, you can open an account with a minimum deposit of only $10. NPBFX doesn't charge commissions on trades, offering an extremely profitable trading environment with its tight spreads.

Also, all NPBFX accounts have a narrow floating spread, starting at just 0.8 pips on the Master account, 0.6 on the Expert account, and 0.4 on the VIP account. Plus, traders can use scalping, hedging, and position locking on all types of accounts.

Muslim traders can also take advantage of a Swap Free account. And for those who prefer social trading, NPBFX clients can connect to the popular ZuluTrade platform and copy trades at an average speed of 200-500 ms.


Tradable Instruments

At NPBFX, traders can access a wide range of tradable assets catering to different trading styles and preferences. Here are some of the assets you can trade with NPBFX:

  • Forex

  • Metals

  • Energies

  • Indices

  • Shares

  • ETFS

  • Cryptocurrency


NPBFX Leverage

NPBFX offers a variable leverage option that ranges from 1:1000, 1:200, and 1:200, depending on the instrument being traded and on what account. For instance, the VIP account comes with specific leverage options on certain instruments such as Forex (1:200), Gold & Silver (1:100), and Crypto (1:2). The maximum leverage offered is 1:1000.


Deposits and Withdrawals

NPBFX broker offers instant deposit and withdrawal of funds upon request, with no limits on the number of requests you can make. Plus, with a minimum deposit requirement of just 10 USD, trading with NPBFX is accessible to traders of all levels.

To make your life easier, NPBFX offers a wide range of payment methods for both deposits and withdrawals. You can choose from trusted options like Visa and MasterCard or opt for e-wallets like Neteller and Skrill. 

The broker also supports popular payment systems such as FasaPay, Yandex, Qiwi, and WebMoney, ensuring that you can easily fund your account or withdraw your profits in a way that suits you best.

Deposit

Deposit Method

Deposit Currency

Transaction Fee

Visa

USD, EUR, RUB

0%

MasterCard

USD, EUR, RUB

0%

WebMoney

USD, EUR

9%

QIWI Wallet    

RUB    

0%

Yandex.Money

RUB

0%

FasaPay

USD

0%

Skrill

USD

0%

NETELLER

USD, EUR, RUB

0%

Bank transfer (SWIFT)    

USD, EUR    

Commission of the bank

Bank transfer (SEPA)

EUR

Commission of the bank

Local Transfer

Local currency     

0%

Local Bank Transfer for SEA

 Local currency

Additional bank charges may apply depending on your bank


Withdrawals

Withdrawal Option

Withdrawal Currency

Transaction Fee

Visa

USD, EUR, RUB    

0%

MasterCard

USD, EUR, RUB

0%

WebMoney

USD, EUR    

9%

 QIWI Wallet        

RUB

0%

Yandex.Money

RUB

0%

FasaPay

USD

0%

Skrill

USD

0%

NETELLER

USD, EUR, RUB    

0%

Bank transfer (SWIFT)

USD, EUR    

3%

Bank transfer (SEPA)

EUR

10 EUR

Local Transfer 

Local Currency

0%

Local Bank Transfer for SEA

Local Currency

0%


NPBFX Trading Education and Training

NPBFX provides you with trading avenues. Its demo account gives technical educational resources and offers a risk-free way to try your hand at forex trading and gain valuable experience. With a demo account, you can learn how to use the trading platform, gain experience making deals, and test trading strategies using real market prices.

Additionally, NPBFX provides access to its analytical portal containing descriptions and analyses of over 60 trading strategies for nine different timeframes. This ranges from scalping to long-term investment periods. These trading strategies are based on signals from 23 different technical indicators, covering all global trading sessions.


FAQs

Is NPBFX a Scam?

NPBFX is a legitimate forex broker that is regulated by two reputable financial authorities: IFSC in Belize and SVGFSA in St. Vincent and the Grenadines. Furthermore, NPBFX takes customer protection very seriously. 

The broker offers segregated accounts, which ensures that clients' funds are kept separate from the company's operating funds. All these measures and many more point to the fact that NPBFX isn't a scam but a legitimate brokerage firm.

How do I open an NPBFX trading account?

Opening an NPBFX trading account is a quick and easy process. To get started, visit the NPBFX website and click on the "Open Account" button. Once you do that, you will be redirected to a page where you need to fill out a short registration form.

The registration form will ask for basic personal information, such as your name, email address, and phone number. You will also need to select the account type you prefer, depending on your trading expertise level and investment goals.

After completing the form, you must verify your email address and phone number. Once your account is verified, you can fund your trading account and start trading on the NPBFX platform.


Conclusion

NPBFX is an excellent choice for investing in the forex market. In this NPBFX broker review, we have learned that the brokerage firm offers a wide range of trading instruments, including Forex, Metals, Energies, Indices, Shares, ETFs, and Cryptocurrencies, making it a one-stop-shop for traders.

Opening a trading account with NPBFX is easy, with clients needing to provide their details, choose an account type, make a deposit, and start trading. The broker provides clients with a robust trading platform, competitive spreads, and leverages ranging from 1:2 to 1:1000. This makes the process hassle-free and user-friendly.

Overall, NPBFX is a reliable and trustworthy forex broker that provides a suitable trading environment for novice and experienced traders. Its reputation, competitive trading conditions, and comprehensive educational resources make it an excellent choice for anyone looking to invest in the forex market.

Trading accounts of NPBFX

  • Master
  • Expert
  • VIP
Minimum Deposit : 10 $
Deposit currency :
USD - US Dollar
EUR - Euro
RUB - Russian Ruble
Trading instruments:
Forex1:200
Metals1:50
Stop Out:
20 %
Minimum position size:
0.01 лотов
Maximum position size:
50 лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
5 characters
Locked Margin level:
50 %
Speed ​​of execution:
0.1 sec.
Commission:
Not
Phone trading:
Yes
Minimum Deposit : 10000 $
Deposit currency :
USD - US Dollar
EUR - Euro
RUB - Russian Ruble
Trading instruments:
Forex1:100
Metals1:25
Stop Out:
20 %
Minimum position size:
1 лотов
Maximum position size:
50 лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
5 characters
Locked Margin level:
50 %
Speed ​​of execution:
0.1 sec.
Commission:
Not
Phone trading:
Yes
Minimum Deposit : 100000 $
Deposit currency :
USD - US Dollar
EUR - Euro
RUB - Russian Ruble
Trading instruments:
Forex1:100
Metals1:25
Stop Out:
20 %
Minimum position size:
1 лотов
Maximum position size:
50 лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
5 characters
Locked Margin level:
50 %
Speed ​​of execution:
0.1 sec.
Commission:
Not
Phone trading:
Yes

Monitoring of NPBFX's Master account

NPBFX spreads All spreads NPBFX

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Live spread

N/AN/AN/AN/AN/AN/AN/AN/A
Average spread
for the past
30 days
Average spreadInterval:
N/AN/AN/AN/AN/AN/AN/AN/A

NPBFX quotes All quotes NPBFX

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Ask
N/AN/AN/AN/AN/AN/AN/AN/A
Offers
N/AN/AN/AN/AN/AN/AN/AN/A

NPBFX swaps All swaps NPBFX

EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Long
00000000
Short
00000000

Contacts of NPBFX

Представительство
Россия , МоскваВспольный переулок, 19
show on the map
8 800 333-30-70Горячая линияЛокальный телефон

Recent customer reviews of NPBFX

Christopher Fleming 30 January 2023

Advantages: low minimum deposit, so it's a great option for novice traders analytical material is actually good

Disadvantages: none

Comment: working with this broker is actually worth it, and I haven't had any problems with that. I haven't managed to find any disadvantages, even though I've been with this broker for almost a year. analytical material there is great, and minimum deposit is low enough for novice traders to enter the forex market. so if you hesitate about choosing this broker, I highly recommend you give it a try, you won't be disappointed.

Comment
Add a COMMENT
Leon Joyce 01 December 2022

Advantages: Control by multiple regulators No fees for account replenishment and bank transfers

Disadvantages: Did not find any

Comment: I preferred teletrade reviews here are consistently positive, there are very few bad and negative responses. Although there are fairly simple trading conditions, there is nothing special and original, but the stability of the structure satisfied me. According to the commissions, everything is acceptable, I was pleased with the efficiency with the execution, and the withdrawal in just a couple of days. If you are looking for a classic platform, then you are definitely here. When choosing an intermediary for exchange trading, pay attention to the service life, ratings, licenses, expert assessments.

Comment
Add a COMMENT
Mason Baker 07 October 2022

Advantages: none

Disadvantages: intrusiveness and impudence of an employee of the company

Comment: This is a nightmare! Emotions are overwhelming.
It all started with the fact that I had a "lure" in my mailing list -a book that was supposed to eliminate my financial illiteracy. Moreover, the letter came from a quite decent website dealing with the sale of books. And so I foolishly downloaded it. Called almost every day, doing... oh, the horror of 6-8 calls at a time. And even after I wrote, refused, she continues to bother me. And although there were no calls today, I am sure that this is not the end...
And he does it very brazenly, using prohibited psychological techniques. For example, belittling your personal dignity. The feeling from the conversation was that since I downloaded this brochure, I owe them now!
Nowadays it is very important to read everything as carefully as possible. Not to leave even your e-mail unnecessarily (not to mention the phone ...)
I probably ran into such an intrusive office for the first time.

Comment
Add a COMMENT

NPBFX news & press-releases

All news NPBFX
09 MARCH, 2024
Changes of trading schedule due to the transition to summer time in 2024

Dear Clients! NPBFX notifies about changes in the trading schedule due to the transition to summer time in the USA on Sunday, March 10, 2024, and in the EU on Sunday, March 31, 2024. Trading schedule from March 10, 2024: — Fo ...

Read more
06 MARCH, 2024
The schedule of service on February 19, 2024 (Holidays in the USA)

Dear Clients! NPBFX notifies about changes in the trading schedule due to the holidays in the USA on February 19, 2024 — XAUUSD, XAGUSD (gold and silver): 19 February — early close at 19:30 GMT; — XTIUSD, XNGUSD (oil WTI, nat ...

Read more
06 MARCH, 2024
The schedule of service on February 12 and 13, 2024 (Holidays in the Hong Kong)

Dear Clients! NPBFX notifies about changes in the trading schedule due to the holidays in the Hong Kong on February 12 and 13, 2024 — Index HSI50: 12 February — break in trading, 13 February — break in trading. All other fina ...

Read more

NPBFX bonuses, contests and promotions

All bonuses, promotions, contests NPBFX
Offer type : Promotions(until 31.12.2021)
Compensation of Loss - NPBFX

With NPBFX’s Compensation of Loss promotion, you can receive compensation for losses you incurred earlier in trading! This lessens your worry s ...

Offer type : Promotions(until 31.12.2021)
Loyalty Program - NPBFX

Sign up for NPBFX’s Loyalty Program and start getting not only profits from your trading, but also gifts for all of your trades! You heard that ...

Offer type : Promotions(until 31.12.2021)
Cashback From Every Trade - NPBFX

Open an account with NPBFX, make a deposit, and start getting cashback for ever closed trade! Trade more to earn more cashback! Don’t miss this ...


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.