NPBFX Review 2023 Detailed Information about NPBFX Forex Broker
Whilst welcome news, the broker is not regulated by highly reputable agencies like the CySEC. Still, client funds are held in segregated accounts and a compensation fund up to €20,000 is available. Withdrawal timelines are fairly standard, taking up to several days to receive profits. Speak to the broker’s customer support team should you encounter any withdrawal problems. Subsequent transactions are subject to variable fees, such as a 2.5% + $7.50 charge for credit and debit cards. This is expensive and a real drawback, especially for traders looking for low-cost providers.
They seem to have some kind of license from the Financial Commission, however, this isn’t enough to cover the territories it trades in. NPBFX claims to offer trading in Belize, Russia, and other areas and has an office in Belize and the UK. It also says it has a license from the financial authorities in Belize, but nothing about holding a license from the FCA of the UK. In fact, we checked the FCA site and couldn’t find any mention of NPBFX. Forex.Academy is a free news and research website, offering educational information to those who are interested in Forex trading.
The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. He has advised that he has put some funny money funds in the equivalent of a demo account that can not be withdrawn as its “funny money”. Anyway, they offer very good services , but their support is non-existent. Your dedicated agent helps a lot, but they do not have any information. Margin is the amount of collateral to cover any credit risks that may arise during your trading operations.
The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. I just become victim of this broker, I have live account deposit with real money 500$ and did trading with the usual technique, do not trade balance or hedging. Suddenly my profit was cancelled by NPBFX unilaterally without any evidence that my style trading was violate their rules. We just getting details from fort and we dont not responsable about you balance at fort so regading you fund we only give you bonus and try to convice you make deposit trade with our broker. Thats all, fort tell you that you balance already transfer with our broker, but we didn’t receive any balance from fort we just get details from their.
We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. The forex trading platform provided by NPBFX is the software to carry out trades. Some brokers provide only one trading platform whereas others offer several. Withdrawal options are lengthly in terms of selection, and the customer service is consistent, friendly and professional.
He cares about customers and the services provided by him are very good. Withdrawals are as fast as possible, except in the case of a bonus for review. They have a support department that helps customers at all times. I preferred teletrade reviews here are consistently positive, there are very few bad and negative responses. Although there are fairly simple trading conditions, there is nothing special and original, but the stability of the structure satisfied me. According to the commissions, everything is acceptable, I was pleased with the efficiency with the execution, and the withdrawal in just a couple of days.
Is NPBFX Safe?
Alternatively, there is a handy FAQ page on the website to answer any basic questions or queries you might have as a potential client. The only promotional scheme that NPBFX offer is a one-time deposit bonus . It was not particularly clear to find this info on the website, but the live chat agent gave assistance promptly with the provision of information on this scheme.
NPBFX offers trading in leading financial instruments as well as copy trading. Trading with them for few months only, but I am very satisfied with service they provide. Excellent promotions, fast deposits and withdrawals without commission, and good and tight spreads and fast execution.
NPBFX is licensed and regulated by multiple leading international governing bodies, allowing NPBFX clients to trade with financial security. NPBFX is licensed with the Financial Commission – an international dispute body. It’s good to know traders have a recourse option should they run into withdrawal problems, but oversight from a regulatory body such as the FCA would be reassuring. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
🆓 What is the NPBFX minimum deposit?
Probably not, as NPBFX does not offer an Islamic trading account as far as we know. Yes, most likely, as we gave NPBFX a trust score of 50% in this review. The main negative factor in this score is that NPBFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either.
Spreads are competitive, particularly with the Expert and VIP accounts, with average spreads of 1.0 pips and 0.8 pips on major forex pairs, respectively. In contrast, the standard Master account offers average spreads of 1.2 pips on majors, such as the EUR/USD. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.
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- For forex, that’s typically 24/5 Monday through to Friday while cryptos can be traded over the weekend.
- All accounts have access to the MT4 trading platform, the full range of instruments and swap-free trading.
- NPBFX has a customer-focused service model, fast and high-quality transaction processing, a compensation fund, a high-quality analytical portal, and offers the best trading platforms on the market.
This minimum deposit amount required for Standard Account registration will depend on the payment system chosen. Yes, NPBFX offers a demo account with access to virtual funds and the MT4 platform. There are also battle contests with real cash up for grabs. A cashback reward of 60% up to $7 per lot is available following a $100 deposit.
NPBFX Deposit and Withdrawal
However, it’s important to note that npbfx review always carries a risk and no strategy or tool can guarantee success. Traders should always understand the risks involved and invest only what they can afford to lose. To open your NPBFX account, navigate to the website and select the option to open an account.
Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies.
The company was first called Nefteprombank but was rebranded as NPBFX in 2016. Finding a reputable NPBFX review locally or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Visit the broker’s website to review full promotion terms and conditions. With NPBFX’s Compensation of Loss promotion, you can receive compensation for losses you incurred earlier in trading! The winners of the first round «27 years of NPBFX» lucky draw! Dear clients and participants of «NPBFX is turning 27» Promotion!
Red Flags that NPBFX Could Be a Scam Broker
Movements in the price of foreign exchange and commodities are very unpredictable, hence NPBFX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa. Since the broker has been in the industry for such a long time and their regulation is sound, customers should have peace of mind when it comes to the security of their funds. NPBFX offers a floating spread from 0.8 pips on the Master Account, 0.6 pips on the Expert Account, and 0.4 pips on the VIP Account.
It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin. NPBFX offers leveraged trading on leading cryptos against the USD. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
The withdrawal process is very very long, probably because I’m from EU. However, you guys should aware your customers of the situation. In accordance with our research, NPBFX is a broker licensed and regulated by the SVGFSA and FC.
You can check individually with the customer support team also. NPBFX does offer a demo account, which is good to use as part of a practice and training exercise, and of course, to backtest the trading conditions offered, which should reflect precisely on the live account. The only thing a demo does not take into account is things like slippage.
Cashback can be withdrawn and is capped at $10,000 per month. There is also a loyalty programme with a host of rewards, https://forexhero.info/ a $100 bonus following 100 traded lots. Prizes are staggered with watches, phones and even cars available for those that trade in high volumes. Additionally, there is a compensation scheme for traders that lose their first deposit – up to half of your initial deposit can be redeemed.
NPBFX does offer a free demo trading accountfor beginners to practiceforex trading in a 100% risk-free environment. The NPBFX demo account does not have a specific expiry date. Pepperstone – Pepperstone offers spread betting and CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5, cTrader and TradingView platforms. Spreads in the Expert and VIP accounts, with average spreads of 1.0 pips and 0.8 pips on major forex pairs, respectively.
The NPBFX brokerage house uses two business models in its operation, which allows avoiding the conflict of interests between client and the broker. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. There is no need to deposit more funds when I already have sufficient funds to trade.
If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc. NPBFX is a global broker specialising in forex and commodities trading. The broker uses STP/NDD technology for ultra-fast executions, ensuring fair market prices from the best liquidity providers. Our NPBFX review covers how to register for a live account, the MetaTrader 4 platform, minimum deposits and welcome bonuses.