NPBFX HeadlinesMetaTrader 4MarketsSpreads & CommissionLeverageMobile AppPaymentsDemo AccountNPBFX BonusesRegulation ReviewAdditional FeaturesTrading AccountsBenefitsDrawbacksTrading HoursCustomer SupportSecurityVerdictAccepted CountriesAlternatives to NPBFXFAQ
NPBFX is a global broker specialising in forex and commodities trading. The broker uses STP/NDD technology for ultra-fast executions, ensuring fair market prices from the best liquidity providers. Our NPBFX review covers how to register for a live account, the MetaTrader 4 platform, minimum deposits and welcome bonuses. Find out whether to sign up today.
NPBFX Headlines
Founded 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. Users benefit from a decent range of investing tools, social trading and a choice of three live accounts. NPBFX is regulated by the international Financial Commission.
MetaTrader 4
MetaTrader 4 (MT4) is available to all live account holders. A top-tier trading platform, clients get dozens of drawing and analytical tools, along with interactive charts across 9 timeframes. Expert advisors allow for automated trading while live economic news is published on the platform. MT4 also utilises the broker’s STP/NDD technology and accepts hedging.
MetaTrader 4
The user-friendly platform can be downloaded to desktop and mobile devices. The MT4 terminal is also available as a webtrader.
Markets
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
Spreads & Commission
The broker does not charge trading commissions. Instead, NPBFX makes its money through the spread. Spreads are competitive, particularly with 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.
Note, overnight swap rates are charged on positions held overnight.
Leverage
Leverage varies by account type. The greatest leverage levels are available on the Master account at 1:1000 while 1:200 is offered with Expert and 1:100 with VIP. These are high ratios and mean traders can employ a range of strategies. The only downside is that high leverage does increase risk exposure. As a result, we’d recommend caution, especially for beginners.
Mobile App
The MT4 mobile app is offered as a free download for Apple (iOS) and Android (APK) devices. The powerful mobile application hosts a range of charts and indicators to suit various price analysis techniques. Total account management is also available, from instant deposits to withdrawal requests. Sign-up offers and ongoing promos are also extended to mobile traders.
MetaTrader 4 mobile
Payments
Deposits
Minimum deposit requirements vary by account type. The lowest deposit of $10/€10/₽500 is required to open the Master live account, making it accessible for beginners. Accepted deposit currencies include USD, EUR, or RUB. There are no deposit fees and traders can fund accounts using multiple payment solutions, including:
Bank wire transfer – instant
Credit/debit cards including Visa – instant
E-Wallets including Skrill and Neteller – instant
International bank wire transfer – 1 to 3 business days
Withdrawals
The first withdrawal from your NPBFX account is free. Subsequent transactions are subject to variable fees, such as a 2.5% + $7.50 charge for credit and debit cards. This is expensive and a real drawback, especially for traders looking for low-cost providers.
Withdrawal timelines are fairly standard, taking up to several days to receive profits. Speak to the broker’s customer support team should you encounter any withdrawal problems.
Demo Account
NPBFX offers a demo account with access to virtual funds and real market prices. This is a good way to become familiar with the trading platform, test strategies risk-free, and view live spreads. The broker also offers a battle contest on the demo account – a competition for traders of all abilities to build skills and earn funds for live accounts.
NPBFX Bonuses
NPBFX offers a decent suite of bonuses and promos. A cashback reward of 60% up to $7 per lot is available following a $100 deposit. Cashback can be withdrawn and is capped at $10,000 per month. There is also a loyalty programme with a host of rewards, including a $100 bonus following 100 traded lots. Prizes are staggered with watches, phones and even cars available for those that trade in high volumes. Additionally, there is a compensation scheme for traders that lose their first deposit – up to half of your initial deposit can be redeemed.
Visit the broker’s website to review full promotion terms and conditions.
Regulation Review
NPBFX is licensed with the Financial Commission. This is an external dispute resolution (EDR) body. Whilst welcome news, the broker is not regulated by highly reputable agencies like the CySEC. Still, client funds are held in segregated accounts and a compensation fund up to €20,000 is available.
Additional Features
The NPBFX website offers extensive support features via the analytics portal. Tools include one-to-one analyst support, a review of strategies, weekly webinar videos, calculators and historical data. These are great resources, especially for new traders.
NPBFX also offers ZuluTrade – one of the largest social trading communities. Clients can follow thousands of traders, exchanging ideas and investing tips. Signal providers are available in almost all markets and countries allowing for trading around the clock. ZuluTrade can be downloaded to mobile devices and the platform ranks signal providers so it’s easy for users to decide who to follow.
ZuluTrade copy trading
Trading Accounts
NPBFX offers three account types:
Master – $10 minimum deposit, 1:1000 leverage, spreads from 0.8 pips, minimum trade size 0.01
Expert – $5,000 minimum deposit, 1:200 leverage, spreads from 0.6 pips, minimum trade size 1.0
VIP – $50,000 minimum deposit, 1:100 leverage, spreads from 0.4 pips, minimum trade size 1.0
All accounts have access to the MT4 trading platform, the full range of instruments and swap-free trading.
Benefits
Demo account
STP/NDD technology
$10 minimum deposit
Industry recognised MT4
Cashback rewards scheme
24/5 multilingual customer service
Drawbacks
Withdrawal fees
Limited regulatory oversight
Not available to traders in the US and Canada
Trading Hours
NPBFX follows standard market hours. For forex, that’s typically 24/5 Monday through to Friday while cryptos can be traded over the weekend. The broker’s website and trading platform are open to users 24/7.
Customer Support
NPBFX offers multilingual customer support in 8 languages, available 24/5 Monday to Friday:
Live chat
Online feedback form
Email – info@npbfx.com
Telephone – +44 800 069-84-70
Office Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent, and the Grenadines
A comprehensive FAQ page is also available on the broker’s website.
Security
The MT4 platform assures the highest security standards including high-tech encryptions, secure logins, data privacy and additional authentication options. The personal office on the broker’s website is also password protected. Additionally, NPBFX uses established and trusted payment solutions, from Malaysian wire transfers to Skrill and Neteller.
Verdict
NPBFX offers trading services for investors of all abilities and experience. The broker provides a leading social trading platform in ZuluTrade, alongside the popular MT4 solution. STP technology and a range of educational tools are also available. Unfortunately, our review was less impressed with limited regulatory oversight and the withdrawal fees. As a result, there are other online brokers we’d recommend exploring.
Accepted Countries
NPBFX accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use NPBFX from United States, Canada.
Alternatives to NPBFX
If you are looking for alternatives to NPBFX we have compiled a list of the top 5 brokers that are similar to NPBFX below. This list of brokers like NPBFX is in order of similarity and only includes companies that accept traders from your location.
RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
Global Prime – Global Prime is a multi-regulated trading broker offering 100+ markets.
FAQ
Is NPBFX regulated?
NPBFX is licensed with the Financial Commission – an international dispute body. It’s good to know traders have a recourse option should they run into withdrawal problems, but oversight from a regulatory body such as the FCA would be reassuring.
What trading platforms does NPBFX offer?
MetaTrader 4 is offered by NPBFX as its main trading platform. The broker also offers social trading via ZuluTrade. Both are available as desktop and mobile applications.
What should I do if I have a withdrawal problem at NPBFX?
Should you run into payment issues, speak to the broker’s customer support team. If problems persist, see the NPBFX resolution centre.
What deposit options does NPBFX offer?
NPBFX accepts the following payment methods; credit/debits cards, e-wallets, Fasapay, WebMoney and wire transfer. Deposits start from $10 and there are zero fees.
Does NPBFX offer a demo account?
Yes, NPBFX offers a demo account with access to virtual funds and the MT4 platform. There are also battle contests with real cash up for grabs. You can sign up on the broker’s homepage.