General Information
Established in 1996, NPBFX Limited has been in business for over 15 years. With a presence in multiple continents and offices in the UK, Belize and Russia, the broker acts as an intermediary between clients and liquidity providers. NPBFX is registered in Saint Vincent and Grenadines, not subject to any regulation at this stage.
Regulation
NPBFX is an offshore forex broker regulated in Comoros by the Mwali International Services Authority (MISA).
- Regulatory Status: Offshore Regulated
- License Type: Retail Forex License
- Regulated By: Mwali International Services Authority (MISA), Comoros
- License No.: T2022137
Pros and Cons
Market Instruments
NPBFX offers leveraged trading in a range of financial markets:
- Forex – 38 global currency pairs with dynamic market spreads
- Indices – Trade on 11 major stock exchanges, including the S&P and Dax
- Shares & ETFs – Invest in a long list of shares in major international companies
- Energies – Buy and sell oil against the US Dollar
- Cryptos – Trade 5 leading cryptocurrencies
Minimum Deposit
NPBFX offers three trading accounts in total: Master, Expert, and VIP accounts. The basic requirements to start a basic account, or the Master account is 10 USD/ 10 EUR/ 500 RUB.
NPBFX provides traders with a diverse range of account types to cater to different trading preferences and experience levels. These three-tiered trading account options, known as Master, Expert, and VIP, offer varying features and conditions to suit the individual needs of traders. Additionally, NPBFX also offers a demo account for those who want to practice their trading skills without risking real capital.
Master Account:
The Master Account is designed for traders who seek the highest level of leverage and a flexible trading environment. With leverage up to 1:1000, traders can control larger positions relative to their capital. This account type suits traders who are comfortable with higher risk and are looking to maximize their potential returns. The minimum deposit requirement for the Master Account is $10 USD, making it accessible to a wide range of traders. This account is ideal for those who prefer market execution and automated trading using Expert Advisors.
Expert Account:
The Expert Account strikes a balance between leverage and risk. It offers leverage up to 1:200, making it suitable for traders who want a reasonable level of leverage without the extremes of the Master Account. The minimum deposit requirement for the Expert Account is $5,000 USD, providing a more substantial trading capital compared to the Master Account. Traders can also engage in automated trading with Expert Advisors and enjoy the benefits of scalping and high-frequency trading.
VIP Account:
The VIP Account is tailored for experienced and high-net-worth traders who prioritize risk management and stability. It offers leverage up to 1:200, similar to the Expert Account, but with a more significant minimum deposit requirement of $50,000 USD. This account type is ideal for those who prefer market execution and appreciate the advantages of scalping and high-frequency trading. VIP account holders can enjoy the support of the DowJones news feed and benefit from telephone dealing services.
Demo Account:
NPBFX also provides traders with a Demo Account, which serves as a risk-free environment for practicing and testing trading strategies. Traders can access virtual funds and experience real market conditions without the fear of losing real money. This account type is invaluable for beginners who want to gain confidence and learn the ropes of trading before transitioning to live accounts.
Leverage
Trading leverage varies depending on particular trading accounts. The maximum leverage level offered by NPBFX is up to 1000:1 for forex trading. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
NPBFX offers varying levels of leverage depending on the type of trading account. Here's a description of the leverage offered by NPBFX:
- Master Account: Leverage up to 1:1000.
- Expert Account: Leverage up to 1:200.
- VIP Account: Leverage up to 1:200.
Leverage allows traders to control larger positions with a relatively small amount of capital. In the case of NPBFX, traders with a Master Account can access the highest leverage, up to 1:1000, which means they can control a position size up to 1000 times the amount of their capital. Expert and VIP account holders have slightly lower leverage, up to 1:200.
It's important to note that while high leverage can amplify potential profits, it also significantly increases the risk of losses. Traders should use leverage cautiously and implement appropriate risk management strategies to protect their capital. Different account types offer different leverage levels to cater to the varying risk tolerance and experience levels of traders.
Spreads & Commissions
NPBFX does not charge trading commissions. Instead, NPBFX makes its money through the spread. Spreads in the Expert and VIP accounts, with average spreads of 1.0 pips and 0.8 pips on major forex pairs, respectively. In contrast, the standard Master account offers average spreads of 1.2 pips on majors, such as the EUR/USD pair.
Trading Platform Available
When it comes to trading platforms, NPBFX offers its clients three trading platforms: MetaTrader 4 (MT4) as an application for desktop, web and mobile devices, the social/copy trading platform ZuluTrade and the automated trading platform Myfxbook AutoTrade.
MetaTrader 4 (MT4) is a renowned trading platform known for its robust features and user-friendly interface. MT4 charts display Bid quotes, representing the market price at which assets can be sold. Traders can customize charts, add indicators, and access real-time and historical data across various timeframes. MT4 offers one-click trading, a vast indicator library, compatibility with multiple devices, and supports algorithmic trading through Expert Advisors (EAs). Security measures protect data and transactions. In summary, MT4 provides a versatile platform for traders to analyze price movements and execute trades efficiently.
Deposit & Withdrawal
Deposit Methods:
- Credit Cards: NPBFX likely accepts deposits via credit cards. Traders can fund their trading accounts using major credit cards, making it a convenient and widely used payment method.
- Electronic Wallets: Electronic wallets, such as PayPal, Skrill, or Neteller, are often accepted by brokers like NPBFX. These digital payment methods offer quick and secure transactions for depositing funds into trading accounts.
- Interbank Transfer (SWIFT): NPBFX may facilitate deposits through interbank transfers using the SWIFT system. This method is suitable for larger deposits and international transactions, making it accessible to traders worldwide.
Withdrawal Methods:
Withdrawals from NPBFX accounts are typically processed through the same methods used for deposits. Here's how withdrawals are generally handled:
- Credit Cards: Profits and remaining balances can be withdrawn back to the credit card used for the deposit. This is a common practice for traders who deposited funds via credit card.
- Electronic Wallets: For traders who deposited using electronic wallets, withdrawals are often processed to the same wallet account. This offers a convenient and swift way to access funds.
- Interbank Transfer (SWIFT): Larger withdrawals or international transfers may be facilitated through interbank transfers using the SWIFT system. This method ensures secure and efficient fund transfers to the trader's designated bank account.
It's important to note that while NPBFX does not charge commissions for deposit and withdrawal transactions, there may be fees associated with certain payment methods. Additionally, the time it takes for withdrawals to be processed can vary depending on the chosen method and the broker's processing times.
Customer Service
NPBFX offers multiple ways for traders to access customer support:
- Personal Manager: Upon registering a Personal Office, traders receive a personal manager's contact details for personalized assistance.
- Online Consultant: An online chat service allows traders to ask questions and receive quick answers to common queries or request feedback from a personal manager.
- Email Support: NPBFX provides dedicated email addresses for payment-related inquiries (client.payments@npbfx.com) and trade-related questions (client.trading@npbfx.com).
- Phone Support: Traders can access 24/7 international customer support and make phone deals by calling +44 800 069-84-70.
These diverse support channels ensure traders can get assistance with various aspects of their trading experience, from general inquiries to specific trade and payment-related issues.
Educational Resources
The education section on a broker's platform is a crucial resource for traders looking to enhance their skills and knowledge. It typically includes a demo account for practice and information on various trading strategies. However, limited educational content can be a challenge, as it may not cover a wide range of topics or cater to different skill levels. To improve this section, brokers should consider expanding content, personalizing it for different traders, providing regular updates, and offering live webinars for real-time insights and interaction. A robust education section benefits traders by equipping them with the knowledge to make informed decisions and benefits the broker by fostering trader competence.
FAQs
What market instruments can I trade with NPBFX?
NPBFX offers 38 currency pairs, gold, silver, oil, and natural gas for trading.
What types of trading accounts does NPBFX provide?
NPBFX offers three account types: Master, Expert, and VIP, each with varying features and conditions. There is also a demo account available for practice.
What leverage levels are offered by NPBFX?
The leverage levels vary based on the account type. The Master Account offers leverage up to 1:1000, the Expert Account up to 1:200, and the VIP Account up to 1:200.
How can I contact NPBFX's customer support?
You can contact NPBFX's customer support through personal managers, online consultants, email support, or a 24/7 international phone support line at +44 800 069-84-70.
Paul_Octopus
Russia
Trading was done without my participation. I asked for the IP addresses from which the trading was conducted, and the dancing began. In general, they provided some random IP addresses from which supposedly I traded before. But they cannot confirm this, supposedly citing that they are not obligated to do so.
Exposure
2024-09-20
Juan Miguel
Philippines
There is a Arbitrage Telegram group posting some clients profits. I put my money to 4 of it’s broker - Grand Capital, NPBFX, MTrading and Onfin. They blown my account. Don’t invest!
Exposure
2024-08-23
Hesham
Egypt
I contacted customer service and they did not respond. They made me lose my mind and they did not respond to my requests.
Exposure
2024-03-22
Mohamed 9456
Egypt
Is there a real broker and broker in Egypt, or is it a scam, and there is no broker in Egypt for the Russian company NPBFX? I have been banned from all private groups, but the accounts are still open, even though I only asked someone to convince me of the price slippage that occurred at a time that was not the time of opening the platform. I will be compensated even for this price slippage. And all that is important to them is the deposit. How is Borker contacting a client to make a deposit while he is in the margin of an account without any right at a time when the margin took place an hour before the platform opened during summer time in Egypt, and MT4 was supposed to open the platform at 23.5, but it opened at 22.5 a full hour before. You are the margins, and my rights did not come from Broker or the company NPBFX. And the account number in the image is in the negative, along with the timing and date of the margining... Please reach the message to the main Russian company at its headquarters in Russia, given that I opened the company’s website and it has no agents in Egypt, so that no one else falls victim to these fraudsters. If my vision is correct, the financial, international and legal authorities must prosecute these people. They were fraudsters... Thank you to everyone who established justice.
Exposure
2023-11-06
Mohamed 9456
Egypt
The second time, a severe incident occurred from an incompetent company at a time that was not the time of opening the platform. And a price slippage occurred. The time was 22.5 GMT and the platform was opened in summer time. The Egyptian time difference is two hours and the platform opened at the beginning of the opening Sunday at 1.5 and the time difference was 3 hours. Winter time now and it happened. A price slippage led to a margin and zeroing of the account to negative, and no compensation was made. Fraud.
Exposure
2023-11-06
Mohamed 9456
Egypt
On 8/10/2023, a price slippage occurred, which led to the account being weighted negatively at 22.5 GMT 10.5. And the market opening time on summer Sundays is 1.5 Egypt time. Despite the difference between the usual summer time of 11.5 Egypt time and Greenwich Mean Time of 1.5, which is the market entry time of 1.5 Egypt time. I cannot find an explanation for what happened with you in the pictures in the comments.
Exposure
2023-11-02
FX1289934120
Indonesia
Albeit successful process, the withdrawal is unavailable.
Exposure
2020-07-21
FX7170037772
Indonesia
Trusted platform, I won the demo trading battle contest at NPBFX with a balance of $1000 and an iPhone that was converted into a balance of $1000 and has been fully paid. I am very happy to be able to collaborate with NPBFX. And I would like to say "THANK YOU NPBFX'🙏🙏🙏
Positive
04-05
OCEAN2658
Vietnam
I like this exchange because it has good support and very low transaction fees. Deposits and withdrawals are fast, ok 👍
Positive
03-09
FX1628451509
Indonesia
I like using this broker because I have participated in contests and won. Withdrawals are also easy and very understandable, and the assistants who help are all good and respond quickly. This broker can be trusted. Success always😀
Positive
03-04
FX1536716328
Vietnam
I am trading at NPBFX, I feel okay. Fast deposit and withdrawal, with support.
Positive
02-19
FX2006516048
Kuwait
A very reliable and excellent company with credibility in everything 🌼🌼
Positive
02-04
FX4155325459
Netherlands
An excellent broker provided me with a service that I did not find with any other broker, which is the Forex trading robot. These are the trading robot results after the first week. I am grateful to know this company.
Positive
01-19
FX2444896701
Egypt
I have seen the strongest bonus offers from this company and I have also seen an excellent spread percentage. I want everyone to really try this company. 👆
Positive
01-19
KareemGabr
Egypt
Excellent broker literally, especially technical support. From my personal experience, I have achieved very good results and profits within this broker thanks to their services and follow-up.
Positive
01-09
shika6034
Egypt
I have been with npbfx for over a year and their technical support service is excellent because they constantly communicate with me, which encouraged me to continue with them. Not all companies provide continuous support, and without their assistance, I would not have succeeded in trading. The services they provide are outstanding. The deposit and withdrawal methods are simple and fast, so I recommend them to everyone.
Positive
01-08
magdeko
Egypt
A respectable company and the technical support is also very good, and there were no problems either in depositing or withdrawing my funds.
Positive
01-08
FX2081574526
Egypt
Great technical support and good spreads, trading on a well-known MT4 platform. Withdrawal and depositing are easy and all withdrawal and deposit methods are available. I also withdrew more than $5000.
Positive
01-08
mariomaa
Egypt
I have been trading through the company for a year and a half, and I have been following and supported by technical support. I have also been recommended a service provided by them, which is the automated trading robot. I have deposited approximately 20,000 dollars and withdrawn 23,000 dollars, and I still have capital for trading.
Positive
01-08
donia
Egypt
The best broker I have dealt with so far, excellent technical support, good spreads, and trading on a well-known platform MT4. They have multiple services alongside trading that help you achieve profits, and withdrawal and depositing are easy. They offer all withdrawal and deposit methods, and I have been able to withdraw multiple times, multiplying my capital. It is an excellent broker that I recommend to my friends and everyone I know.
Positive
01-08