NPBFX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- The Financial Commission
- 2010
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- The Financial Commission
- 2010
Our Evaluation of NPBFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
NPBFX is one of the top brokers in the financial market with the TU Overall Score of 8.12 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by NPBFX clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
NPBFX is a universal broker providing services on off-exchange financial markets. Trading conditions are suitable for traders with any level of knowledge and opportunities. Investors have access to ZuluTrade social trading.
Brief Look at NPBFX
NPBFX has been providing brokerage services since 1996. The company initially operated on behalf of NeftePromBank under a license issued by the Bank of Russia. After being rebranded in 2016, the broker refused the license of the Russian regulator and became a member of the Financial Commission, an independent international organization involved in resolving financial disputes with insurance coverage of €20,000 per trader. Today, NPBFX is a broker with an impeccable reputation, operating on the STP/ECN model, which rules out conflicts of interest. The company’s portfolio includes offers for almost every type of client: private traders using traditional strategies, algorithmic traders and scalpers, businesses and funds, and traders who prefer passive investing.
- The broker provides traders with best market prices supported by liquidity from Tier 1 banks and ECN systems, such as Integral, Currenex, and Hotspot;
- Membership in the Financial Commission provides up to EUR 20,000 insurance coverage on deposits of traders;
- social trading with access to the independent ZuluTrade platform;
- Loyal trading conditions. Minimum deposit is $10 with leverage up to 1:1000;
- all strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all types of accounts.
- compared to other brokers, the speed of copying trades on ZuluTrade is not the fastest;
- no MT5 trading platform, which has unique advantages over MT4;
- There are no licenses from regulators. The broker is a member of the Financial Commission, which does not always support traders and is not authorized to recover fines imposed on brokers;
- no cent accounts.
TU Expert Advice
Financial expert and analyst at Traders Union
After being rebranded in 2016, NPBFX set on development of two areas, namely improving data processing technology and social trading. Thanks to direct access to ECN platforms, such as Integral and Currenex, traders have instant order execution with tight spreads during rapid increase in volatility and liquidity compression. Speed of order execution, recorded in MT4 by means of script, is 50-70 ms while market average is 100-130 ms. Therefore, NPBFX is perfect for scalping, high-frequency algorithmic trading, and fundamental volatility trading, including short-squeeze.
Social trading has developed into a long-term partnership of the broker with the independent social trading platform ZuluTrade. Thanks to integration of technologies of NPBFX and Zulu traders can copy trades of thousands of traders, who are clients of different brokers from over 180 countries globally, with delay of several milliseconds. By using free ZuluTrade toolkit you can develop a comprehensive risk management system, which can limit possible losses in case of force majeure.
NPBFX is a broker for novice traders and professionals. For novice traders there is an account type with a $10 deposit which is the best for intraday strategies. Professional traders can work on the Expert account using advisors. The broker deserves a positive score according to user reviews, therefore the company is in TU Top 20 brokers.
- You are in the market for a platform with a low entry requirement and favorable conditions right from the start. To open a genuine Master account with NPBFX, a mere $10 deposit is enough. On this account, you can engage in trading with spreads starting at 0.8 pips and no fees. The full range of assets and leverage up to 1:1000 are immediately accessible.
- You highly value in-depth analytics and the opportunity to receive personalized recommendations. The broker's website offers separate news feeds for various asset categories with expert summaries, in addition to the economic calendar, trader's glossary, and other standard tools. There is also an analytical portal equipped with indicators. Each client of the broker can directly communicate with NPBFX's leading analysts in a chat.
- You are at the initial stages of your trading journey and require high-quality basic education. Apart from the FAQs and articles available on the website, there are no specialized educational materials tailored for beginners.
NPBFX Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4 |
|---|---|
| 📊 Accounts: | Demo, Master, Expert, VIP |
| 💰 Account currency: | USD, EUR |
| 💵 Replenishment / Withdrawal: | Visa, Mastercard, Webmoney, FasaPay, AdvCash, Skrill, Ngan Luong, Neteller, as well as other local payment systems, SEPA, SWIFT, Local Bank Transfer for SEA (for IDR, MYR, VND, THB), and cryptocurrencies. Payment methods differ depending on the jurisdiction. Complete list is available in the user account upon registration. |
| 🚀 Minimum deposit: | 10 USD, 10 EUR |
| ⚖️ Leverage: | up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Spread: | From 0.4-0.8 pips (subject to the account type) |
| 🔧 Instruments: | Currencies, gold, silver, oil, natural gas, stocks, ETFs, and cryptocurrencies. |
| 💹 Margin Call / Stop Out: | No/30 |
| 🏛 Liquidity provider: | N/a |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Instant execution, market execution |
| ⭐ Trading features: | It is allowed to place orders within the spread; Islamic accounts are available. |
| 🎁 Contests and bonuses: | YES |
NPBFX broker's trading conditions are optimally suited for all categories of clients. Novice traders can open an account with a minimum deposit of $10, while professional traders can use STP or ECN accounts. The leverage is different for each type of account.
The broker offers classic MetaTrader 4, which is the best for working with customized indicators, scripts, and advisors. The servers of the company are located in the Equinix NY4 data center in New York, which has direct access to the world's largest liquidity providers. Thanks to this technology, the clients of NeftePromBank benefit from a high speed of order execution with minimal delays.
All NPBFX accounts have a narrow floating spread. It starts with 0.8 pips on the Master account, 0.6 pips on the Expert account, and 0.4 pips on the VIP account. Traders can use scalping, hedging, and position locking on all types of accounts. Among other benefits, advisors and robots are allowed. Traders from Muslim countries can use a Swap Free account.
NPBFX clients who prefer social trading can connect to the popular ZuluTrade platform and copy trades at an average speed of 200-500 ms. Also there is an alternative social trading platform AutoTrade by MyFxBook, a partner of the broker. As passive income options, the broker offers 2 types of referral programs with a high amount of remuneration for referred clients. There is also access to the Dow Jones newsfeed.
NPBFX Key Parameters Evaluation
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Trading Account Opening
Start working with NPBFX by registering for free on the website of the Traders Union rebate service, which will allow you to receive future partial spread compensation. Follow the referral link to the broker's website and open a live trading account. To do this, follow the steps below.
Click the "Register" button (the other option is to go to the trading conditions page and click the "Open account" button).
Enter your personal data, including your email address and phone number, where the confirmation codes will be sent. Access to the user account will be granted after entering the above details into the registration form. To use the full functionality of the user account, you need to pass verification.
The NPBFX user account includes the following features:
There are also many other useful functions and features, including:
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managing referral programs and viewing statistics, management of promotions
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personal profile configuration (uploading documents for verification, etc.)
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access to the analytical portal and reviews of trading strategies;
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offer (client agreement).
Regulation and Safety
The broker is a permanent member of the Financial Commission, an independent international organization for the settlement of Forex disputes.
Advantages
- Insurance coverage by the Financial Commission is 20,000 euros
- Segregated accounts
- The broker's reputation is supported by the reputation of the bank
Disadvantages
- The Financial Commission does not have tools to recover fines imposed on the broker. Moreover, the Commission does not always decide in favor of traders
Commissions & Fees
1. Declared spreads depend on the asset type. For example, if the declared spread on the Master account is from 0.8 pips, for non-major currency pairs it is over 1.6 pips. The exact spread can be found in the specification only.
2. On the Zero account with zero spreads the declared fee of $8 is for currency pairs only. On other assets it can exceed $15-$20.
3. Deposit fee is charged for bank transfers. The 0% withdrawal fee applies only to the first transaction.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Master | from $8 | Yes |
| Expert | from $6 | Yes |
| VIP | from $4 | Yes |
| Zero | from $8 | Yes |
Also, the comparative analysis of NPBFX’s fees to those of other brokers was conducted. The EUR/USD pair was taken as a basic asset, as well as average spread per full standard lot on all account types.
| Broker | Average commission | Level |
|---|---|---|
|
$6 | |
|
$1 | |
|
$8.5 |
Account Types
NPBFX provides four accounts for different types of traders: beginners, professionals, and institutional market participants. Their difference is in the spread and the minimum deposit.
Account types:
A demoaccount is also provided to help users discoverthe platform's functionality, trading opportunities, and strategy development.
Deposit and Withdrawal
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NPBFX provides instant deposit and withdrawal of funds upon the trader's request. There is no limit on the number of requests.
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The following deposit and withdrawal methods are available: Visa, MasterCard, Webmoney, FasaPay, Skrill, AdvCash, Ngan Luong, Neteller, as well as other local payment systems, SEPA, SWIFT, Local Bank Transfer for SEA (for IDR, MYR, VND, THB), and cryptocurrencies. To learn the available payment methods for your region, register with the broker and go to a deposit tab in your user account.
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Withdrawal of the first amount is free (the fee is covered by the broker). The fee for subsequent withdrawals is determined by the payment system.
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The fee amount for the next withdrawal is subject to the payment system and your jurisdiction. All fees are available in the Trading/Documents/Tariffs in the deposit and withdrawal section.
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Withdrawal period is 1-3 days.
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Withdrawal and deposit currencies: EUR, USD.
Investment Options
NPBFX is a broker that will appeal to both active traders and passive investors (or those who work withboth options). NPBFX's passive trading opportunities are represented by a trade copying service with access to the international ZuluTrade platform. As an alternative, NPBFX offers copy trading on the AutoTrade platform by MyFxBook. The broker's partner program offers two options for cooperation, with partner rewardshigher than the market average.
ZuluTrade and NPBFX — copying trades on an international platform
ZuluTrade is an independent international platform that provides access to a database of traders, whose trades can be copied. The platform provides a variety of options for traders to manage their accounts, set different terms for copying trades, and build investment portfolios with varying levels of risk and strategy types. Portfolios can be used both for passive earnings and to engage other investors.
Pros of ZuluTrade:
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availability of the ZuluGuard mechanism, which protects the investor's deposit from high-risk strategies such as the use of Martingale coefficients.
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signal providers are traders from all regions. Users can trade 24/7.
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NPBFX ensures that orders are executed automatically and quickly.
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Modeling tool. You can simulate potential profit and loss of your strategy taking into account several scenarios of the situation development even before connecting to their accounts.
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Automated risk management. This is automated lot distribution among several traders depending on their trading performance with instant shutdown, if strategy’s statistical parameters set by investors are exceeded.
This is how social trading works: an investor connects to the account of a trader, whose trades are automatically copied to the investor's account. In the case of a profitable trade, the trader receives commission, which is deducted from the investor's income. The terms of copying (percentage of the trader's position volume, fixed or full volume, and risk level) are set by investors through their user accounts.
Copy trading on AutoTrade by MyFxBook
AutoTrade by MyFxBook is an automated trading platform providing for automatic copying of trading signals of traders by investors. It differs from ZuluTrade in more simplified functionality for inexperienced investors. Platform’s users get access to MyFxBook’s analytical tools aimed at deep trading statistics analysis.
Advantages of AutoTrade:
Strict approach to compiling the rating of traders. Losing and demo accounts do not participate in this rating. If traders become unprofitable and try to adjust the strategy by increasing position volume, they are removed from the rating;
Opportunity to use demo accounts for training;
Minimum additional tools. Novice investors only need to understand the mechanism for setting copying parameters. They need neither additional software, nor VPS server;
Real trading statistics of traders, which can be checked by investors using the investor password.
AutoTrade is a copy trading service for novice traders who want to become signal providers over time.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
NPBFX referral program
The broker offers the following types of partnership programs:
Revenue Share. This program provides for rewards for referral’s regular trading. The more and the longer referrals trade, the more the partner earns. The reward amount is up to $19 per one standard lot;
CPA (Cost Per Action). This program provides for one-time reward for referral’s verification and deposit. The reward is up to $900 for each referred trader.
Advantages of NPBFX referral programs include high remuneration rates, additional benefits, and special individual terms for regional representatives.
Useful Tools
In addition to trading and social trading platforms, you can find free auxiliary tools on the NPBFX website. They can be used for additional analysis or for development of trading systems.
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Analytical portal. This is an analytical application where you can find daily reviews of basic trading assets, macro- and microeconomic statistics, and access to a live chat with analysts. The access is possible only upon registration.
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Trading signals. The broker provides signals for over 20 assets, including oil, stock indices, and metals. Forecasts are prepared for different time frames ranging from M1 to D1 according to fundamental analysis and basic indicators of technical analysis, such as moving averages, oscillators, and channel indicators. Signals are available in the user account upon registration.
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Trader’s calculator. This is a tool that allows you to calculate the cost of a pip, swap, margin, and potential profit/loss based on input data. It is available on the broker's website for free.
Customer Support
NPBFX support service is available 24/5.
Advantages
- Fast response to any client queries
- Multilingual support
Disadvantages
- Is not available on weekends
There are several ways to contact customer support:
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directly by the toll-free phone numbers indicated on the website;
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by email;
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by chat on the broker's website (provided that the managers are online);
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using the feedback form.
Customer support is reachable from the broker's website or user account.
Contacts
| Foundation date | 2010 |
|---|---|
| Registration address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines |
| Regulation | The Financial Commission |
| Official site | npbfx.com |
| Contacts |
info@npbfx.com
client.payments@npbfx.com - on payment issues
client.trading@npbfx.com - on trading issues.
+44 800 069-84-70
|
Education
The section on the NPBFX website is a powerful analytical and educational tool where professionals can find a wealth of interesting materials.
A demo account allows users to put their newly acquired knowledge into practice.
Comparison of NPBFX with other Brokers
| NPBFX | RoboForex | Pocket Option | Exness | Forex4you | FxGlory | |
| Trading platform |
MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5 | MT4, MobileTrading, MT5 |
| Min deposit | $10 | $10 | $5 | $10 | No | $1 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:10 to 1:2000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 8.00% |
| Spread | From 0.4 points | From 0 points | From 1.2 point | From 1 point | From 0.1 points | From 2 points |
| Level of margin call / stop out |
No / 30% | 60% / 40% | 30% / 50% | No / 60% | 100% / 20% | 20% / 10% |
| Execution of orders | Instant Execution, Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | Yes | No |
Detailed review of NPBFX
NPBFX positions itself as an ECN/STP broker with direct access to major Tier 1 liquidity providers and to ECN platforms. This means that traders’ positions on Master/Expert accounts are routed straight to liquidity providers which offer better prices due to big trading volumes. Trades on the Zero account are routed directly to ECN networks where orders are executed due to counter volumes of traders. Therefore, speed of order execution is 50-70 milliseconds, while market average is 100-130 ms.
NPBFX is a bank broker for those who value reliability
A competitive advantage of NPBFX is a good combination of active trading and investment on a single platform. Each client can register on social trading platforms such as ZuluTrade and AutoTrade. Zulu is a more advanced option with various additional tools for risk management and building investment portfolios from traders’ strategies. AutoTrade is a simplified option with good analytics. Moreover, there is the MQL5.community copy trading service, which provides for connection to traders’ signals directly from MT4.
Trading assets include currency pairs with exotics, stocks, ETFs, over 10 CFDs on indices, and cryptocurrency pairs.The pool of assets is expanding, and therefore, traders can find something interesting for themselves.
Useful services offered by NPBFX:
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ZuluTrade. Due to the partnership of NPBFX with this independent social trading platform you can copy trades of professional traders who are clients of other brokers.
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AutoTrade. This is a simple copy trading service for novice traders by MyFxBook. This option is for those who want not only copy trades, but also learn to analyze trading statistics and become a professional trader.
Advantages:
20,000 euros in an insurance fund for each client; payments are guaranteed by the Financial Commission, an independent financial organization;
narrow market spreads — within 0.8-1.2 pips;
reliability guaranteed by the reputation of one of the largest banks in Russia.
There are no strategy restrictions — hedging, locking, algorithmic trading, scalping, and high-frequency trading (HFT) are all supported.
User Satisfaction