NPBFX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of NPBFX trading signals. You will learn what kinds of trading signals NPBFX offers and what the conditions for using them are.
NPBFX Trading Signals
Copy trading signals
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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy Trading Signals
Copy trading signals allow traders to automatically replicate the trades of successful investors. By following experienced traders, beginners can gain exposure to professional strategies, while advanced traders can diversify their portfolios. -
Trading Central Signals
Generated by the Trading Central platform, these signals provide technical analysis and actionable insights based on market trends, patterns, and key levels. They cater to traders seeking a professional edge in decision-making. -
Signals (Alerts)
Forex Alerts are direct notifications sent to traders about potential trading opportunities. These signals can be based on technical indicators, fundamental analysis, or market movements, helping traders act quickly on profitable setups. -
TradingView Signals
These signals are derived from indicators and tools available on the TradingView platform. Brokers integrated with TradingView offer users access to custom alerts and community-driven insights, making it ideal for chart enthusiasts. -
Autochartist Signals
Autochartist generates automated signals by identifying chart patterns, Fibonacci levels, and key price movements. It’s a valuable tool for traders looking for technical setups without manual charting. -
Trading Bots (Expert Advisors)
Trading bots or EAs are automated systems that execute trades based on pre-programmed strategies. They allow traders to capitalize on opportunities without continuous monitoring of the markets.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Short introduction of 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, RUB |
| 🚀 Minimum deposit: | 10 USD, 10 EUR, 500 RUB |
| ⚖️ 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 |
NPBFX Pros and Cons
👍 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.
Conclusion
Based on the results of the analysis of the NPBFX trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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.