Founded in 1996, NPBFX is a forex and CFD broker that offers its services to retail, corporate and institutional partners. They provide their clients with the MT4 platform, which is available for web, desktop, and mobile devices. NPBFX clients can trade over 45 assets across multiple asset classes including forex, metals, cryptocurrency, commodities, and more.
The broker uses the straight-through processing (STP) brokerage model and has No Dealing Desk (NDD). They have won several industry awards for their brokerage services, including the Best STP Broker 2019 at the IAFT awards for three consecutive years.
NPBFX Review Introduction
In this NPBFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including NPBFX.
NPBFX Platforms & Tools
NPBFX provides clients with the popular MT4 trading platform. The platform is stable, fast, rugged, and flexible. It has a fully customizable interface and ‘market watch’ window, which displays the real-time live quotes of all trading instruments. MT4 is available as a WebTrader that runs directly on most modern web browsers and is compatible with all operating systems and devices.
MT4 can also be downloaded as a desktop application for Windows and Mac computers and a mobile trading app for iOS and Android devices. The mobile trading app supports trading on the go, provided there is an internet connection. The broker also provides other useful trading tools, such as Social Trading, Forex Signals, Weekly Video Reviews, Economic Calendar, Trading Calculators, News and Analytics, and more.
NPBFX Research & Education
The broker provides a good selection of educational materials, which can be accessed from the ‘Analytical portal’ of their personal office. They include MT4 platform tutorials, a glossary of over 350 terms with detailed explanations, eBooks, video lessons, and more.
NPBFX Trading Accounts
The following account types are available with NPBFX:
- Micro Account: The minimum deposit is $10, and the spreads start from 0.8 pips but average 1.2 pip.
- Expert Account: $5000 is required to open this type of account, and the maximum leverage is 1:200. The spreads start from 0.6 pips and averages 1.0 pip.
- VIP Account: This is the flagship account for professional clients. The minimum opening balance is $50,000, while the maximum leverage is 1:200. The spreads start from 0.4 pips but average 0.8 pip.
Swap-free Muslim friendly accounts are available, after opening any of the accounts above. There is also the demo accounts, which are risk-free and used for virtual trading.
NPBFX Account Funding
NPBFX offers multiple payment options including bank wire transfer, credit/debit cards, local bank transfer, electronic payment methods, and more. The transaction fees and the processing time may vary with the payment method used.
NPBFX Customer Service
The broker offers a multilingual customer support desk, which is available 24/5 and can be reached via instant web chat, email, telephone, or by filling the feedback form.
NPBFX is the brokerage brand of NMarkets Limited, a company incorporated in Saint Vincent and the Grenadines (SVG). It is regulated by the country’s Financial Services Authority (SVGFSA). The license number is 24454 IBC 2018.
NPBFX Review Summary
NPBFX is an STP broker that has been around for more than 20 years. They offer competitive spreads, reliable trade execution speeds, and multiple payment options, with a required minimum deposit of $10. The broker provides traders with the MT4 platform and a good selection of educational materials.
It is worth mentioning that some of the trading products and services in this NPBFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the NPBFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.