Is NPBFX Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with NPBFX try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether NPBFX is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker NPBFX
NPBFX is a long-standing broker offering competitive spreads starting from 0.4 pips and leverage up to 1:1000. Traders can access a variety of markets including Forex, oil, stocks, and indices. Account types range from beginner-friendly Master account to more advanced options like Expert and VIP accounts.
NPBFX has fast order execution speeds (50-70 ms), making it suitable for scalping and high-frequency trading. Moreover, the broker explicitly indicates that these approaches are welcomed. However, clients should note that the only available trading platform is MetaTrader 4.
NPBFX doesn't hold licenses from major regulators, but the broker is a member of the Financial Commission, offering some level of deposit insurance and dispute resolution.
| 💰 Account currency: | USD, EUR |
|---|---|
| 🚀 Minimum deposit: | 10 USD, 10 EUR |
| ⚖️ Leverage: | up to 1:1000 |
| 💱 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 |
Pros and cons of NPBFX
👍 Advantages of trading with NPBFX:
•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.
👎 Disadvantages of NPBFX:
•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.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is NPBFX Regulated? Broker’s license
Security (Protection for Investors)
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
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by NPBFX, which you can see below.
TU experts analyzed trading conditions of the broker . The results are as follows:
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 |
Brokers that are similar to NPBFX
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of NPBFX conditions with its closest competitors.
Comparison of NPBFX with other Brokers
| NPBFX | RoboForex | Pocket Option | Exness | FreshForex | 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 |
MT4, MobileTrading, MT5 |
Min deposit |
$10 |
$10 |
$5 |
$10 |
No |
$1 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
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 points |
From 2 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
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 |
$30 |
No |
Cent accounts |
No |
Yes |
No |
No |
Yes |
No |
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.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
FreshForex is a reliable Forex broker providing a standard set of trading tools. The company is a good option for traders of all levels, from beginner to professional traders. It is mid-range in terms of size and number of registered traders and they are reliable based on our research and analysis.
FxGlory is a universal broker for active trading that is likely to be interesting for European traders.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.