NPBFX – review of forex broker review from a famous bank

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NPBFX � services for traders

✅ This Trading Platform is available in Russia

Overview of reliable forex brokers: NPBFX

A huge number of brokerage companies, which began to open en masse over the past decades, falls into the category of ambiguous events. On the one hand, new actors in the global financial market are compelled to compete for the “place in the sun” of all participants in online trading. Competition pushes brokers to search for the most interesting and promising offers for their potential customers. What does this give? Healthy competition helps to form a civilized market of services, in which the price of goods is formed under the influence of understandable factors. But there is also the other side of the medal. This situation allows fraudsters and adventurers to quietly join the ranks of decent brokers and freely deceive their customers. Therefore, acquaintance with the main participants of online commerce is the most reliable way to create your own database of companies you can work with. This review describes the main features and principles of the famous broker � NPBFX. If after reading the material presented, each user makes a reasoned (!) Choice (to cooperate with the company or not), then the author’s goal is achieved.

Key parameters characterizing NPBFX

One of the features of the presented trading platform is the fact that it has been working in the Forex market since 1996 on behalf of the well-known Bank of the Russian Federation. The main indicators of the company in the period 1996-2006:

● NPBFX works with the license of JSC “Nefteprombank” (banking permits included a broker, up to 2020).

● Despite legal affiliation to the banking sector, the firm specializes in providing broker services.

● The main clients of the company were representatives of the HNWI / UHNWI segment, that is, the most wealthy legal entities and individuals.

● The company was one of the first among retail brokers implementing STP / NDD technologies, which exclude conflict between the parties to the transaction.

In 2020, the administration introduces the application developed for financial market participants such as NPBFX and the MetaTrader 4 platform. The latter is connected to a liquidity aggregator and provides an opportunity to withdraw customer transactions to Tier 1 financial institutions.

� In 2020, the considered brand (more precisely, the sector serving private individuals) falls under the control of NPBFX Limited, with registration in the state of Belize. In the same year, the submitted trading platform receives the status of a member of the Financial Commission of category A, with the amount of compensation for each client of the company increased to $ 20 thousand.

Security of NPBFX

Before registering with NPBFX login, every potential user should carefully study this site. Find out what the company promises and how the company fulfills its obligations, clarify with which currencies and assets it works, read reviews of real analysts about it, etc.

And to begin this procedure, best of all, with the security of users of the presented service.

● Age of the firm. As mentioned above, the broker has been working in the Forex market since 1996.

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● High-quality new equipment is not only focused on the speed of transactions, but also on the protection of the trader’s financial / personal information.

● Working on the STP / NDD technology, the broker withdraws money to powerful (financially) liquidity providers. This allows you to cover the losses of some participants in the trading process, the money of other customers. In addition, each trader will receive what he was promised.

● Even on the basis of the information already outlined, there is no doubt that NPBFX is interested in the well-being of its traders (the higher their income, the greater the company�s turnover and the broker�s income).

● The company has a regulator and documentation issued by it.

● Availability of a compensation fund.

● 24-hour NPBFX support works 5 days a week (except weekends). The high professionalism of its employees, allows to solve almost any problems of resource clients.

Naturally, everyone who wants to work on the presented site is interested in the question, what weaknesses of the service can cause serious troubles for the trader? Fortunately, there are few such negative moments. These include:

● Lack of segregated accounts.

● A rather “weak” regulator.

● Registration in Belize and the absence of representatives in most modern business centers are perceived by many users as a serious problem. Indeed, according to many traders, it “slows down” the development of the platform.

Registrars of NPBFX

According to the latest data, today NPBFX with registration in Belize has the official license of this country, which gives the right to provide financial services. This is the IFSC (International Financial Services Commission). Of course, this is not an advanced institution that forces the “opening of the gate” of almost any service. But for beginners, IFSC in combination with guaranteed $ 20,000 (compensation to cover the company�s debts, in case of force majeure situations), is a serious incentive to register an account on this web site and work there quietly.

Training on NPBFX

What educational materials does the site administration offer for beginners or experienced traders who do not have professional education? In this case, if the lover of online trading is not too lazy, he will find all the necessary information that will allow him to earn money, regardless of the influence of external factors.

● Video trading courses.

● General information about the financial market.

● Electronic financial books.

● Special trading.

● Section �Questions and Answers�.

● Courses and seminars.

● Examples of trading strategies.

● Analysis of your own mistakes.

But the most important among all the listed stages is, of course, a demo account specially created for NPBFX. With the help of virtual money you get the opportunity to enter into transactions, win / lose on their transactions, and in the complex � to approach the level of a serious trader.

Rules and mandatory working conditions on the NPBFX trading platform

Experienced traders, briefly examining the general characteristics of the presented trading platform, often ask how well the reviews made by analysts about NPBFX correspond to reality? In this case, you can see all these nuances in practice.

Each new user gets the right to open the following accounts:

1. Master. Deposit from 500 rub. / 10 $. Leverage � 1: 200. Spreads from 0.8 points.

2. Expert. A deposit of $ 5000 (ruble at the exchange rate). Leverage � 1: 100. Spread from 0.6.

3. VIP. Deposit 50 thousand. $ / 3 million Russian rubles. Spread from 0.4. Leverage � 1: 100.

Trading Terms of NPBFX

● The minimum deposit is $ 10.

● Rate � from 0.01.

● Currency bills � the euro, the Russian ruble and the US dollar.

● Affiliate program � functioning.

● Trust management � is.

● Spread � from 0.4.

� How to deposit / withdraw money from NPBFX

Studying some reviews about NPBFX, you can find angry evidence that a normal broker / trader needs 1-2 ways to deposit or withdraw funds. Of course, everyone has the right to their own views, but in this case such a move would be a serious mistake. In one country, we all know it well, for a short period of time many e-wallets have been banned. So, these clients will be cut off forever from their broker? You must admit that this is complete discrimination (although a more crude word is appropriate in its meaning).

For the input or withdrawal of funds, the presented service offers the following options:

● Bank transfers.

● Debit or credit plastic cards of Visa / MasterCard or Maestro systems.

Liquid assets and trading instruments of NPBFX

To work on the presented resource, not only traditional currency pairs are used, but CFD contracts for currency, metals, raw materials, etc. Whatever the situation on the global financial market, the broker’s customers will always find an interesting offer that will help them to significantly improve their financial position.

NPBFX Review – Is www.npbfx.com scam or good forex broker?

Trading accounts and conditions

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Master $10 0.01 lot 1:200 1.2 pips
Expert $5000 1 lot 1:100 1 pips
VIP $50 000 1 lot 1:100 0.8 pips

NPBFX has three types of real trading accounts, with a deposit starting from $10 for the Master account, plus a free demo account for testing purposes. The broker offers trading in 38 forex pairs, as well as in gold, silver and oil.

The Company. Security of Funds

Company Country Regulation
Nefteprombank Belize IFSC

NPBFX is the forex brokerage brand of the Russian commercial bank Nefteprombank ( Нефтепромбанк ). The bank itself is licensed by Russia’s Central bank, while the brokerage is regulated by Belize’s International Financial Services Commission (IFSC). It also holds a license from the self-regulatory organization Financial Commission (FinaCom) and is a member of a compensation scheme covering up to $20 000 of client funds. NPBFX, however, does not have a forex broker license from the Bank of Russia.

The broker is mainly targeting Russian-speaking clients, but its website also has versions in Vietnamese, Malay and Indonesian.

Trading platform

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.

MT4 is the most popular trading platform offered by most forex brokers across the world. It has multiple functions and tools and is fairly easy to use.

ZuluTrade is one of the oldest social and copy trading platforms with thousands of signal providers and traders.

AutoTrade was launched in the beginning of 2020 by MyFxBook, a UK-based provider of forex analytical tools and trading community portal. It is a platform, specialized in copy trading, also called auto/mirror trading, as well as copying signals.

As an automated social trade copying service, MyFxBook�s AutoTrade enables traders to track, compare, analyze and share their trading strategies. Unlike other auto trading platforms like eToro and Ayondo, Myfxbook doesn�t act as a broker itself and traders need to register with one of their partner brokers in order to use the platform.

Methods of payment

NPBFX accepts client deposits through bank transfers and debit and credit cards. Also available are the online electronic payment systems Skrill, Neteller, FasaPay, WebMoney, Qiwi Wallet and Yandex Money.

Conclusion

Despite being regulated in an offshore zone, it seems NPBFX is a fairly stable and reputable broker that has been on the market for quite a while. Its trading conditions are not bad either and it does not charge commission. The broker also allows scalping, which could be a major draw for some traders and has several trading platforms.

Pros Cons
Low deposit Offshore
Several trading platforms Low leverage
Broker Advantages

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XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it�s EU-regulated and there�s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it�s regulated in the UK, offers Metatrader 4 (MT4) and cTrader � where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

NPBFX – review of forex broker review from a famous bank

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Broker is a member of the Financial Commission

Social trading via ZuluTrade platform

Wide range of research materials

Broker Info

Company Name: NPBFX

Regulation: CB RF

Year established: 1996

Broker Services

EURUSD spread: from 0.4

Funding methods: Bank cards, EPS, Bank wire transfer

Platform Info

Trading platform: MT4

Mobile trading: iOS, Android

NPBFX Review

The company offers its services since 1996. NPBX allows traders to buy and sell FX currency pairs as well as several CFDs. This Forex platform is a member of the Financial commission, which is a kind of a regulator providing traders with a higher level of guarantees.

Main trading conditions and tools

There are three types of trading accounts including Master, Expert, and VIP. The minimum deposit is 10USD/EUR. The maximum leverage amount is 1:200. The minimum order amount is 0.01 lot. Before you start trading using your real money, you can try a demo version of the platform to practice your skills and a strategy.

As for the deposit/withdrawal features, you can fund your account by using bank cards, wire transfer, digital payment methods like Webmoney, Qiwi, Neteller Skrill and many others. Withdrawal should be done to the same account you have deposited from. There is no way to fund your account with cryptocurrency.

Trading platforms

NPBFX offers only Metatraders for the clients, but with the wide range of its varieties including the web terminal and mobile version. This trading platform offers the following benefits:

  1. Instant execution due to the STP/NDD technology.
  2. Max deviation feature allows traders to indicate the maximum possible deviation of the current market price from the price you want.
  3. No freeze levels.
  4. Locking and hedging your positions.
  5. Algorithmic trading.
  6. Dow Jones news wire.

Metatrader offers also a wide range of tools for market analysis. You can find here many useful indicators as well as some important graphic tools like lines, trend lines, Fibonacci, etc.

Training and research

If you have heard something about Forex trading but never opened a single market order, you need some knowledge to begin. NPBFX offers a wide range of training materials which will help you to improve your skills and get the basics of trading.

Here you can find some articles and videos for the very beginners, different types of trading strategies, seminars, and webinars. There is also an electronic manual on Forex trading. What are the topics? They are standard and include basic knowledge about the markets, analysis methods, trading strategies, psychology as well as money and risk management. As it was mentioned above, once you are ready, you can try the demo account before risking your own money.

The research section is rich in information and offers different types of reviews, trading signals, news, video reviews, some useful tools like economic calendars and quotes, etc.

Pros and Cons

The benefits of trading with NPBFX are the following:

  1. The broker has a long history.
  2. It is a member of the Financial Commission.
  3. The company offers a rich training program.
  4. There is a demo account for the newcomers.
  5. Wide range of research materials.
  6. Social trading via ZuluTrade platform.

As for the disadvantages, they are the following:

  1. No official regulation from any famous watchdog.
  2. NPBFX offers only one trading platform.

The website has a user-friendly interface and it is easy to browse. You can reach any page you want in a couple of clicks.

Testimonials

We have found many opinions on the broker on different web sites. Some of them are positive, but there are negative ones. Please leave your comment to help the others understand whether this broker is worth their attention or not.

To finalize this review it is to mention that the broker offers several features for all types of traders and investors. You can do it on your own or use a Zulutrade platform offering the opportunity to skilled traders to give you signals.

Broker is a member of the Financial Commission

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