NPBFX is a forex broker company in the United Kingdom.
Finding a reputable NPBFX review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth review regarding NPBFX to help you make an informed decision before opening your account or trading on their platform.
A Forex broker like NPBFX provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.
Forex broker services can also be provided for institutional clients and large companies such as investment banks.
NPBFX was established in 1996 and is an STP/NDD broker that acts as an intermediary between clients and liquidity providers. This provides instant execution of orders at actual market prices.
The company was first called Nefteprombank but was rebranded as NPBFX in 2016.
NPBFXs service portfolio is fit for individual traders with “classic” trading strategies; algorithmic traders; “scalpers”; traders who need the liquidity for larger trading volumes; institutional and corporate clients; or traders with individual needs.
NPBFX provides its financial services under the IFSC / 60/342 / TS / 15 license by the International Financial Services Commission of the Belize government, an international independent organization for the settlement of disputes in the financial markets between broker and trader.
NPBFX holds the A category status of this committee which ensures additional protection and access to the Compensation Fund up to $ 20 000 per customer.
NPBFX serves clients from all over the world and operates in accordance with international standards of good financial business.
MetaTrader 4 and its mobile versions are used as trading platforms and traders may use most of the convenient methods for depositing and withdrawing funds, like e-wallets, credit cards, interbank transfers, and more.
Awards and Recognition
In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the companys reputation. Such awards are usually mentioned with pride on the company website.
NPBFX claims that it was recognized as the best STP broker for 2017, 2018, and 2019 by the IAFT Awards.
NPBFX Accounts
A forex account is a trading account held by a trader with a company like NPBFX, that is issued with the primary purpose of trading through its platforms.
Usually, the number and type of accounts that a trader can open with a broker company differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.
Accounts usually differ in the way spreads or commissions are applied, what minimum deposit is needed to open that type of account, and certain services or advantages that account holders may get access to.
In the case of Muslim customers, special Islamic accounts, that is swap-free accounts, are offered that mirror the other account types but operate in accordance with Shariah law.
