NPBFX – review of forex broker review from a famous bank

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NPBFX – services for traders

вњ… This Trading Platform is available in Czechia

Overview of reliable forex brokers: NPBFX

A huge number of brokerage companies, which began to open en masse over the past decades, falls into the category of ambiguous events. On the one hand, new actors in the global financial market are compelled to compete for the “place in the sun” of all participants in online trading. Competition pushes brokers to search for the most interesting and promising offers for their potential customers. What does this give? Healthy competition helps to form a civilized market of services, in which the price of goods is formed under the influence of understandable factors. But there is also the other side of the medal. This situation allows fraudsters and adventurers to quietly join the ranks of decent brokers and freely deceive their customers. Therefore, acquaintance with the main participants of online commerce is the most reliable way to create your own database of companies you can work with. This review describes the main features and principles of the famous broker – NPBFX. If after reading the material presented, each user makes a reasoned (!) Choice (to cooperate with the company or not), then the author’s goal is achieved.

Key parameters characterizing NPBFX

One of the features of the presented trading platform is the fact that it has been working in the Forex market since 1996 on behalf of the well-known Bank of the Russian Federation. The main indicators of the company in the period 1996-2006:

● NPBFX works with the license of JSC “Nefteprombank” (banking permits included a broker, up to 2020).

в—Џ Despite legal affiliation to the banking sector, the firm specializes in providing broker services.

в—Џ The main clients of the company were representatives of the HNWI / UHNWI segment, that is, the most wealthy legal entities and individuals.

в—Џ The company was one of the first among retail brokers implementing STP / NDD technologies, which exclude conflict between the parties to the transaction.

In 2020, the administration introduces the application developed for financial market participants such as NPBFX and the MetaTrader 4 platform. The latter is connected to a liquidity aggregator and provides an opportunity to withdraw customer transactions to Tier 1 financial institutions.

В In 2020, the considered brand (more precisely, the sector serving private individuals) falls under the control of NPBFX Limited, with registration in the state of Belize. In the same year, the submitted trading platform receives the status of a member of the Financial Commission of category A, with the amount of compensation for each client of the company increased to $ 20 thousand.

Security of NPBFX

Before registering with NPBFX login, every potential user should carefully study this site. Find out what the company promises and how the company fulfills its obligations, clarify with which currencies and assets it works, read reviews of real analysts about it, etc.

And to begin this procedure, best of all, with the security of users of the presented service.

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в—Џ Age of the firm. As mentioned above, the broker has been working in the Forex market since 1996.

● High-quality new equipment is not only focused on the speed of transactions, but also on the protection of the trader’s financial / personal information.

в—Џ Working on the STP / NDD technology, the broker withdraws money to powerful (financially) liquidity providers. This allows you to cover the losses of some participants in the trading process, the money of other customers. In addition, each trader will receive what he was promised.

в—Џ Even on the basis of the information already outlined, there is no doubt that NPBFX is interested in the well-being of its traders (the higher their income, the greater the company’s turnover and the broker’s income).

в—Џ The company has a regulator and documentation issued by it.

в—Џ Availability of a compensation fund.

в—Џ 24-hour NPBFX support works 5 days a week (except weekends). The high professionalism of its employees, allows to solve almost any problems of resource clients.

Naturally, everyone who wants to work on the presented site is interested in the question, what weaknesses of the service can cause serious troubles for the trader? Fortunately, there are few such negative moments. These include:

в—Џ Lack of segregated accounts.

● A rather “weak” regulator.

● Registration in Belize and the absence of representatives in most modern business centers are perceived by many users as a serious problem. Indeed, according to many traders, it “slows down” the development of the platform.

Registrars of NPBFX

According to the latest data, today NPBFX with registration in Belize has the official license of this country, which gives the right to provide financial services. This is the IFSC (International Financial Services Commission). Of course, this is not an advanced institution that forces the “opening of the gate” of almost any service. But for beginners, IFSC in combination with guaranteed $ 20,000 (compensation to cover the company’s debts, in case of force majeure situations), is a serious incentive to register an account on this web site and work there quietly.

Training on NPBFX

What educational materials does the site administration offer for beginners or experienced traders who do not have professional education? In this case, if the lover of online trading is not too lazy, he will find all the necessary information that will allow him to earn money, regardless of the influence of external factors.

в—Џ Video trading courses.

в—Џ General information about the financial market.

в—Џ Electronic financial books.

в—Џ Special trading.

в—Џ Section “Questions and Answers”.

в—Џ Courses and seminars.

в—Џ Examples of trading strategies.

в—Џ Analysis of your own mistakes.

But the most important among all the listed stages is, of course, a demo account specially created for NPBFX. With the help of virtual money you get the opportunity to enter into transactions, win / lose on their transactions, and in the complex – to approach the level of a serious trader.

Rules and mandatory working conditions on the NPBFX trading platform

Experienced traders, briefly examining the general characteristics of the presented trading platform, often ask how well the reviews made by analysts about NPBFX correspond to reality? In this case, you can see all these nuances in practice.

Each new user gets the right to open the following accounts:

1. Master. Deposit from 500 rub. / 10 $. Leverage – 1: 200. Spreads from 0.8 points.

2. Expert. A deposit of $ 5000 (ruble at the exchange rate). Leverage – 1: 100. Spread from 0.6.

3. VIP. Deposit 50 thousand. $ / 3 million Russian rubles. Spread from 0.4. Leverage – 1: 100.

Trading Terms of NPBFX

в—Џ The minimum deposit is $ 10.

в—Џ Rate – from 0.01.

в—Џ Currency bills – the euro, the Russian ruble and the US dollar.

в—Џ Affiliate program – functioning.

в—Џ Trust management – is.

в—Џ Spread – from 0.4.

В How to deposit / withdraw money from NPBFX

Studying some reviews about NPBFX, you can find angry evidence that a normal broker / trader needs 1-2 ways to deposit or withdraw funds. Of course, everyone has the right to their own views, but in this case such a move would be a serious mistake. In one country, we all know it well, for a short period of time many e-wallets have been banned. So, these clients will be cut off forever from their broker? You must admit that this is complete discrimination (although a more crude word is appropriate in its meaning).

For the input or withdrawal of funds, the presented service offers the following options:

в—Џ Bank transfers.

в—Џ Debit or credit plastic cards of Visa / MasterCard or Maestro systems.

Liquid assets and trading instruments of NPBFX

To work on the presented resource, not only traditional currency pairs are used, but CFD contracts for currency, metals, raw materials, etc. Whatever the situation on the global financial market, the broker’s customers will always find an interesting offer that will help them to significantly improve their financial position.

NPBFX Broker Review

NPBFX is the forex broker created by Russian commercial bank Nefteprombank. This broker is regulated by Belize’s International Financial Services Commission (IFSC). However, this broker is not regulated in forex terms so it does not have any trading or broker license. The NPBFX broker is targeting mainly Russian customers. Read our review to see if this broker is a scam!

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

NPBFX Special features

NPBFX offers three account types to that they make sure that every trading level is accommodated to suit the need of the trader.

Master Account

  • Min. Deposit – 10 USD/10 EUR/500 RUB
  • Trading Platform – MetaTrader 4
  • Spread – from 0,8 pips (average 1,2 pips)
  • Instruments – 38 currency pairs, gold, silver, oil, and natural gas
  • Deposit Currency – United States Dollar (USD), Euro (EUR), Russian Ruble (RUB)
  • Leverage – 1:1000
  • Swap-free – Yes
  • Customer Support – Yes

Expert Account

  • Min. Deposit – 5, 000 USD/5, 000 EUR/5, 000 RUB
  • Trading Platform – MetaTrader 4
  • Spread – from 0,6 pips (average 1,0 pips)
  • Instruments – 38 currency pairs, gold, silver, oil, and natural gas
  • Deposit Currency – United States Dollar (USD), Euro (EUR), Russian Ruble (RUB)
  • Leverage – 1:200
  • Swap-free – Yes
  • Customer Support – Yes

VIP Account

  • Min. Deposit – 50, 000 USD/50, 000 EUR/3, 000, 000 RUB
  • Trading Platform – MetaTrader 4
  • Spread – from 0,4 pips (average 0,8 pips)
  • Instruments – 38 currency pairs, gold, silver, oil, and natural gas
  • Deposit Currency – United States Dollar (USD), Euro (EUR), Russian Ruble (RUB)
  • Leverage – 1:200
  • Swap-free – Yes
  • Customer Support – Yes

Demo Account

With NPBFX broker traders are allowed to open a demo account. With a demo account, traders can make deal with real currency pairs using real market prices. This way, every trader can experience real market prices while making deals. Also, every trader can test trading strategies and gain experience of trading directly on the market.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

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NPBFX Trading software

NPBFX broker offers to its clients three different platforms:

MetaTrader4

This platform is one of the most used platforms for trading in the forex market. This platform is equipped with innovative settings, controls for your trading account, different analysis of price charts and trading strategy development. Every day more and more traders use this platform and consider it the best software to use for trading.

ZuluTrade

According to NPBFX broker, ZuluTrade is the world leading and mobile Social Trading platform. ZuluTrade platform enables traders to follow the successful traders and their trades at any moment. That means that every trader can find most profitable traders at the moment and copy their trades. This software is a complicated algorithm system which analyzes a big number of different factors that are needed for a successful trade.

Myfxbook Autotrade

This autotrading system allows every trader to copy trading from other users with an innovative and sophisticated web interface. As this broker claims, this user-friendly platform created for mirror trading will help traders to progress faster and make winning trades during the process.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

NPBFX Support information

This broker uses several ways you can contact and ask for a help. The first, and certainly the most desirable is – live chat. Agents who are ready to help you at any time certainly mean a lot in difficult situations. Working hours for this broker are listed on its website and they claim that support office is open Mon-Fri – 24 hours a day.

Also, all traders can contact customer support team directly at [email protected] If that is not enough, traders can use feedback form listed on the contact form tab part of the website or call directly number listed on their website: +44 800 069-84-70

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Between 74-89 % of retail investor accounts lose money when trading CFDs

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With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

NPBFX Payment Methods

NPBFX accepts client deposits through bank transfers and debit and credit cards.

Also, for traders are available the online electronic payment systems like Skrill, Neteller, FasaPay, WebMoney, Qiwi Wallet and Yandex Money.

We could not find any more info about the banking methods so we advise every trader to check more detailed information directly with a broker because of the possible hidden fees.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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NPBFX – review of forex broker review from a famous bank

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Broker is a member of the Financial Commission

Social trading via ZuluTrade platform

Wide range of research materials

Broker Info

Company Name: NPBFX

Regulation: CB RF

Year established: 1996

Broker Services

EURUSD spread: from 0.4

Funding methods: Bank cards, EPS, Bank wire transfer

Platform Info

Trading platform: MT4

Mobile trading: iOS, Android

NPBFX Review

The company offers its services since 1996. NPBX allows traders to buy and sell FX currency pairs as well as several CFDs. This Forex platform is a member of the Financial commission, which is a kind of a regulator providing traders with a higher level of guarantees.

Main trading conditions and tools

There are three types of trading accounts including Master, Expert, and VIP. The minimum deposit is 10USD/EUR. The maximum leverage amount is 1:200. The minimum order amount is 0.01 lot. Before you start trading using your real money, you can try a demo version of the platform to practice your skills and a strategy.

As for the deposit/withdrawal features, you can fund your account by using bank cards, wire transfer, digital payment methods like Webmoney, Qiwi, Neteller Skrill and many others. Withdrawal should be done to the same account you have deposited from. There is no way to fund your account with cryptocurrency.

Trading platforms

NPBFX offers only Metatraders for the clients, but with the wide range of its varieties including the web terminal and mobile version. This trading platform offers the following benefits:

  1. Instant execution due to the STP/NDD technology.
  2. Max deviation feature allows traders to indicate the maximum possible deviation of the current market price from the price you want.
  3. No freeze levels.
  4. Locking and hedging your positions.
  5. Algorithmic trading.
  6. Dow Jones news wire.

Metatrader offers also a wide range of tools for market analysis. You can find here many useful indicators as well as some important graphic tools like lines, trend lines, Fibonacci, etc.

Training and research

If you have heard something about Forex trading but never opened a single market order, you need some knowledge to begin. NPBFX offers a wide range of training materials which will help you to improve your skills and get the basics of trading.

Here you can find some articles and videos for the very beginners, different types of trading strategies, seminars, and webinars. There is also an electronic manual on Forex trading. What are the topics? They are standard and include basic knowledge about the markets, analysis methods, trading strategies, psychology as well as money and risk management. As it was mentioned above, once you are ready, you can try the demo account before risking your own money.

The research section is rich in information and offers different types of reviews, trading signals, news, video reviews, some useful tools like economic calendars and quotes, etc.

Pros and Cons

The benefits of trading with NPBFX are the following:

  1. The broker has a long history.
  2. It is a member of the Financial Commission.
  3. The company offers a rich training program.
  4. There is a demo account for the newcomers.
  5. Wide range of research materials.
  6. Social trading via ZuluTrade platform.

As for the disadvantages, they are the following:

  1. No official regulation from any famous watchdog.
  2. NPBFX offers only one trading platform.

The website has a user-friendly interface and it is easy to browse. You can reach any page you want in a couple of clicks.

Testimonials

We have found many opinions on the broker on different web sites. Some of them are positive, but there are negative ones. Please leave your comment to help the others understand whether this broker is worth their attention or not.

To finalize this review it is to mention that the broker offers several features for all types of traders and investors. You can do it on your own or use a Zulutrade platform offering the opportunity to skilled traders to give you signals.

Broker is a member of the Financial Commission

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