NPBFX was founded in 1996 as a trading service provider in foreign exchange and money markets. It was initially established as Nefteprombank until it was rebranded as NPBFX in 2016. It claims to be the first broker to offer innovative hardware and software through STP/NDD technology.
NPBFX Regulation and Security
When this broker was first introduced as Nefteprombank in 1996, it was licensed under the Bank of Russia. When it was renamed as NPBFX in 2016, it became the trading brand of NMarkets Limited. Its headquarters are situated in Saint Vincent and the Grenadines.
NPBFX is licensed to operate and regulated under the provisions of the International Financial Services Commission in Belize. In 2016, it was granted the membership status Category A by The Financial Commission, an international organization that operates independently in settling disputes between financial service providers, especially brokerage firms in the field of forex trading. This membership entitled each client of NPBFX a compensation fund of up to 20,000 EUR as protection against the risks and potential fraudulent activities that come with trading.
NPBFX currently has loyal clients from all over the world, operating under international laws and standards as demanded of a financial service provider. However, this broker does not accept clients from Canada and the United States of America.
NPBFX MT4 Platform
NPBFX only offers one platform, the MetaTrader4. This is a widely-known electronic trading and analytical platform that specializes in foreign exchange. It has some of the best tools and indicators available in the market, as well as great functionality and user-friendly interface. MT4 allows traders to check on multiple charts and explore various strategies of any complexity.
Some of the advantages of the MetaTrader4 platform offered by NPBFX include fast execution of any financial transactions through the STP/NDD technology (Straight Through Processing/ No Dealing Desk technology). MT4 also provides Expert Advisors and permits the use of Hedging or locking of open positions. The trader can also set orders within the spread easily and check for daily financial news updates taken from the Dow Jones Newswires in real time.
NPBFX Account Types
NPBFX offers three types of accounts, namely: Master, Expert, and VIP. Below are some of the specifications of each account.
- Master: spreads begin at 0.8 pips and average at 1.8 pips. The minimum deposit is 10 US dollars with a leverage of 1:1000. The minimum trade volume is 0.01 per lot and offers swap-free trading. Has access to 38 currency pairs, metals like gold and silver, and natural gas. Uses STP technology, EAs, and Scalping.
- Expert: spreads begin at 0.6 pips with an average of 1.0 pip. Can trade 38 currency pairs, metals, and oil. Requires a minimum deposit of 5,000 USD and a leverage of 1:200. The minimum trade volume is 0.01 per lot. It also uses STP technology and offers EAs, Scalping, and swap-free trading.
- VIP: spreads begin at 0.4 pips that average at 0.8 pips. The leverage is 1:200 with a minimum deposit of 50,000 USD. The minimum trade volume is 0.01 per lot and can trade 38 currency pairs, metals, and oil, including natural gas. It also uses STP technology and provides access to Expert Advisors, swap-free trading, and Scalping.
NPBFX Research and Education
NPBFX offers a free demo account for all potential clients to utilize. It uses virtual money and maximizes each client’s trading capacity in foreign exchange. With the demo account, you can practice forex trading risk-free as well as gather additional experience. You can also test complex strategies using real price movements in the market.
NPBFX also provides forex analytics, including an analytical portal that provides exclusive analytical materials and price prediction tools for different financial markets. It includes a daily review and forecast of the currencies, metals, and CFDs markets. It also has weekly video analysis, trading signals, and an economic calendar. There is also a free consultation with NPBFX’s financial analyst.
On the official website of NPBFX, you can view different trading strategies once you log into the analytical portal. This includes over 60 strategies for 9 different timeframes, such as scalping and long-term investment periods. There are also 23 technical indicators that cover all global trading sessions.
NPBFX Final Review
NPBFX is one of the longest running brokerage firms in the industry. It has acquired a respectable regulatory status from the International Financial Services Commission in Belize and a Category A membership from The Financial Commission. When it comes to security, NPBFX is trustworthy in safekeeping the funds of their clients and even signed up for The Compensation Fund, which entitles each client up to 20,000 EUR for protection.
It has a wide range of research and educational materials through a community of its clients that share different strategies. Its MT4 platform also offers great functionality when combined with the trading conditions offered by NPBFX. Its trading costs are not expensive, starting with a minimum deposit of $10. This proves that NPBFX is the broker of all traders, both novice and professionals.