NPBFX

Important Note: Customer feedback is essential to us. We have received some concerns about this broker, so we recommend conducting thorough research before considering this company for your needs.

AspectDetails
broker popularity top broker high popularity best reviews benchmark
Leverage1:1000
Minimum Deposit$10
Year Established1996
RegulationThe Financial Commission
Payment methodsbank wire, VISA, MasterCard, FasaPay, local bank deposits, local bank transfers, Maestro, Neteller, Ngan Luong
Publicly Traded
Employees<25
Type of BrokerForex Broker
MT4
MT5
Trading AssetsForex, Spot Metals, CF
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★ 1.9
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Transparent Trading Conditions: NPBFX provides clear and transparent trading conditions, including account types, leverage options, and allowed trading strategies.
  • Social Trading Opportunities: The integration with ZuluTrade and AutoTrade by MyFxBook allows traders to engage in social trading, replicating the trades of experienced investors.
  • Financial Commission Membership: Being a member of the Financial Commission enhances the broker’s reliability, with insurance coverage of up to €20,000 per trader.
  • Universality and Client Portfolio: It caters to a diverse range of clients, including private traders, algorithmic traders, scalpers, businesses, and funds.
  • Educational and Analytical Tools: The broker offers a comprehensive set of tools, including an Analytical Portal, trading signals, a trader’s calculator, and educational materials.
  • Investment Programs and Passive Income: NPBFX offers investment programs like ZuluTrade and AutoTrade, providing opportunities for passive income.
Cons
  • Limited Social Trading Speed: The speed of copying trades on ZuluTrade is highlighted as not the fastest compared to other brokers.
  • No MT5 Platform: NPBFX does not offer the MT5 trading platform, missing out on the unique advantages it has over MT4.
  • Regulatory Licenses: The broker operates as a member of the Financial Commission but does not possess licenses from traditional financial regulators.
  • No Cent Accounts: It does not offer Cent accounts, which may limit options for traders with smaller capital.

Introduction

Navigating the vast landscape of online trading platforms can be overwhelming, especially when seeking the best conditions and reliability.

Established in 1996, NPBFX operates as a universal broker in off-exchange financial markets.

Originally affiliated with NeftePromBank, the broker rebranded in 2016 and is now a member of the Financial Commission, providing an insurance coverage of €20,000 per trader.

Key Features

1. Comprehensive Trading Opportunities

NPBFX, with a Brokfolio Score of 1.91/10, positions itself as a broker offering diverse trading opportunities.

The broker caters to traders with varying levels of experience and preferences, providing an array of account types and trading conditions suitable for different strategies.

2. STP/ECN Model with No Conflict of Interest

One of its standout features is the broker’s adherence to the STP/ECN model.

By operating as a Straight Through Processing (STP) and Electronic Communication Network (ECN) broker, NPBFX ensures a direct route for traders’ orders to liquidity providers.

This setup eliminates conflicts of interest and provides traders with competitive pricing and rapid order execution.

3. Social Trading with ZuluTrade

NPBFX enhances the trading experience through social trading via the ZuluTrade platform.

This feature allows traders to automatically replicate the trades of professional traders from around the world.

The ZuluGuard mechanism further protects investors’ deposits by mitigating risks associated with high-risk trading strategies.

4. Membership in the Financial Commission

With a history dating back to 1996, NPBFX has evolved and established itself as a reputable broker.

The decision to become a member of the Financial Commission, an independent international organization, adds an extra layer of security for traders.

The Financial Commission provides insurance coverage of up to €20,000 per trader, contributing to the broker’s reliability.

5. Universality and Client Portfolio

NPBFX positions itself as a universal broker, catering to a wide range of clients.

From private traders employing traditional strategies to algorithmic traders, scalpers, businesses, and funds, its portfolio covers the spectrum of trading preferences.

This universality is a key feature that allows traders to find suitable conditions regardless of their trading style.

6. Transparent Trading Conditions

The broker provides transparent trading conditions, outlining essential details for traders.

From account currencies, minimum deposits, and leverage options to spread values and allowed trading strategies, NPBFX ensures that traders have clear insights into what they can expect when choosing the broker.

7. Analytical and Educational Tools

NPBFX goes beyond just being a trading platform; it offers a comprehensive set of analytical and educational tools.

The Analytical Portal provides daily reviews of basic trading assets, macro- and microeconomic statistics, and a live chat with analysts.

Additionally, the broker offers trading signals, a trader’s calculator, and educational materials, empowering traders with valuable resources to make informed decisions.

8. Competitive Referral Program

Their referral program stands out with its Revenue Share and CPA options.

Partners can benefit from higher-than-average remuneration rates, providing an additional income stream for those who refer traders to the platform.

The program’s flexibility and rewards contribute to the broker’s appeal among its existing user base.

9. Integration with Leading Trading Platforms

NPBFX integrates with the widely acclaimed MetaTrader 4 (MT4) platform, offering a user-friendly interface and a suite of tools for traders.

The broker’s servers are strategically located in the Equinix NY4 data center in New York, ensuring direct access to major liquidity providers and high-speed order execution.

10. Social Trading Alternatives: AutoTrade by MyFxBook

In addition to ZuluTrade, NPBFX offers an alternative social trading platform—AutoTrade by MyFxBook.

This platform provides automated copying of trading signals and is designed with simplicity, making it suitable for novice investors looking to enter the world of copy trading.

11. Investment Programs and Passive Income Opportunities

NPBFX caters to both active and passive traders.

The broker’s investment programs include ZuluTrade and AutoTrade, allowing traders to engage in copy trading and automated strategies.

These programs offer various options for risk management and portfolio building, enabling users to generate passive income.

12. Multilingual Customer Support

While customer support availability is limited to weekdays, NPBFX ensures a fast response to client queries.

The multilingual support team adds another layer of accessibility for traders, providing assistance in different languages.

13. Secure and Instant Fund Transactions

The broker facilitates instant deposit and withdrawal of funds, responding promptly to traders’ requests.

The absence of limits on the number of withdrawal requests and the first withdrawal being free contribute to a user-friendly financial experience.

14. Educational Resources and Trader Support

The broker’s commitment to trader education is evident through its extensive educational section.

Traders can access courses, workshops, webinars, and trading strategies to enhance their skills.

The inclusion of a demo account allows users to practice and apply their knowledge in a risk-free environment.

15. Competitive Fee Structure and Analysis

Brokfolio experts have meticulously analyzed NPBFX’s fee structure, including spreads, withdrawal commissions, and average commission levels.

The broker’s transparent approach ensures that traders fully understand the costs associated with their trading activities.

In conclusion, NPBFX’s key features encompass a broad spectrum of offerings, focusing on transparency, reliability, and the provision of tools and programs to cater to the diverse needs of traders.

Expert Review

After a thorough evaluation, a Brokfolio expert, does not recommend NPBFX based on positive client reviews and the broker’s commitment to client satisfaction.

It excels in offering diverse services catering to traders of all levels.

Investment Programs and Trading Options

NPBFX caters to both active traders and passive investors.

With many investment programs, including ZuluTrade and AutoTrade by MyFxBook, the broker facilitates copy trading and automatic copying of trading signals.

Referral Program

The broker offers a lucrative referral program, including Revenue Share and CPA (Cost Per Action) options.

Partners can enjoy high remuneration rates and special terms for regional representatives.

Trading Conditions for Users

  • Minimum Deposit: $10.
  • Leverage: 1:100-1:200/1:1000.
  • Support: 24/5.

NPBFX accommodates various types of traders with different account types and leverages.

The broker supports the classic MetaTrader 4 platform, offering optimal conditions for traders.

Comparison with Other Brokers

A comparative analysis with other brokers, including RoboForex, Exness, Tickmill, AAFX, and IC Markets, showcases NPBFX’s competitive edge in terms of minimum deposit, leverage, and spread.

Commissions & Fees

Brokfolio experts have analyzed NPBFX’s trading conditions, revealing insights into declared spreads, withdrawal commissions, and average commission levels.

The broker’s fee structure is competitive, providing options for traders based on their preferences.

Review of the Personal Cabinet

Starting with NPBFX is straightforward.

By registering through the Brokfolio rebate service, traders can access various features, including account statistics, signal account creation, and more.

Security (Protection for Investors)

As a member of the Financial Commission, the company offers insurance coverage of 20,000 euros, ensuring a secure trading environment.

However, traders should be aware of the Commission’s limitations in recovering fines imposed on the broker.

Withdrawal Options and Fees

NPBFX facilitates instant deposit and withdrawal of funds, with the first withdrawal being free.

Subsequent withdrawals may incur fees, depending on the payment system and jurisdiction.

Customer Support Service

With 24/5 availability, its customer support offers a fast response to client queries.

While multilingual support is advantageous, the unavailability on weekends might be a drawback for some traders.

Conclusion

In conclusion, NPBFX stands out as a reliable and competitive broker, offering diverse trading options, a secure environment, and favorable conditions for traders of all levels.

While there are some minor drawbacks, the overall package positions NPBFX as a worthy choice for traders seeking a comprehensive trading experience.

FAQ – Frequently Asked Questions

Is the broker regulated?
NPBFX operates as a member of the Financial Commission but does not hold regulatory licenses from traditional financial regulators.
What is the minimum deposit?
The minimum deposit varies based on the account type, starting from $10 for the Master account.
Does it offer the MT5 platform?
No, NPBFX currently does not provide the MT5 trading platform.
Are there any restrictions on trading strategies?
No, NPBFX supports a wide range of trading strategies, including scalping, hedging, and algorithmic trading.
What is the speed of trade copying on ZuluTrade?
Trade copying speed on ZuluTrade may not be the fastest compared to other brokers.
How long has NPBFX been in operation?
The broker has been providing brokerage services since 1996.
What is the leverage offered?
Leverage ranges from 1:100 to 1:200/1:1000, depending on the account type and trader’s jurisdiction.
Does the broker provide educational resources?
Yes, NPBFX offers educational resources, including courses, workshops, webinars, and trading strategies.
How does the ZuluTrade platform enhance trading?
ZuluTrade allows traders to replicate the trades of professional traders globally, providing additional risk management tools.
What are the advantages of its referral program?
The referral program offers Revenue Share and CPA options with higher-than-average remuneration rates for partners.

Resources

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Last updated: July 5, 2024