NPBFX Review 2024

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

2.5 / 5
NPBFX is #108 in our CFD broker rankings.
$10
MT4
Forex, CFDs, ETFs, indices, shares, commodities, cryptocurrencies
Financial Commission
USD, EUR, RUB
Wire Transfer, Visa, Mastercard, Credit Card, Skrill, Neteller, FasaPay, WebMoney

Awards

  • Best STP Broker 2019 - IAFT Awards
  • Best Broker CIS 2018 - IAFT Awards
  • Best STP Broker 2017 - IAFT Awards
  • Best Execution 2017 - China Forex Expo
  • Best STP Broker 2016 - IAFT Awards

NPBFX Review

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. Find out whether to sign up today.

NPBFX Headlines

Founded in 1996, NPBFX Limited has been in business for over 15 years. With a presence in multiple continents and offices in the UK, Belize and Russia, the broker acts as an intermediary between clients and liquidity providers. Users benefit from a decent range of investing tools, social trading and a choice of three live accounts. NPBFX is regulated by the international Financial Commission.

MetaTrader 4

MetaTrader 4 (MT4) is available to all live account holders. A top-tier trading platform, clients get dozens of drawing and analytical tools, along with interactive charts across 9 timeframes. Expert advisors allow for automated trading while live economic news is published on the platform. MT4 also utilises the broker’s STP/NDD technology and accepts hedging.

NPBFX trading platform
MetaTrader 4

The user-friendly platform can be downloaded to desktop and mobile devices. The MT4 terminal is also available as a webtrader.

Markets

NPBFX offers leveraged trading in a range of financial markets:

Spreads & Commission

The broker does not charge trading commissions. Instead, NPBFX makes its money through the spread. 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.

Note, overnight swap rates are charged on positions held overnight.

Leverage

Leverage varies by account type. The greatest leverage levels are available on the Master account at 1:1000 while 1:200 is offered with Expert and 1:100 with VIP. These are high ratios and mean traders can employ a range of strategies. The only downside is that high leverage does increase risk exposure. As a result, we’d recommend caution, especially for beginners.

Mobile App

The MT4 mobile app is offered as a free download for Apple (iOS) and Android (APK) devices. The powerful mobile application hosts a range of charts and indicators to suit various price analysis techniques. Total account management is also available, from instant deposits to withdrawal requests. Sign-up offers and ongoing promos are also extended to mobile traders.

NPBFX app
MetaTrader 4 mobile

Payments

Deposits

Minimum deposit requirements vary by account type. The lowest deposit of $10/€10/₽500 is required to open the Master live account, making it accessible for beginners. Accepted deposit currencies include USD, EUR, or RUB. There are no deposit fees and traders can fund accounts using multiple payment solutions, including:

Withdrawals

The first withdrawal from your NPBFX account is free. 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.

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.

Demo Account

NPBFX offers a demo account with access to virtual funds and real market prices. This is a good way to become familiar with the trading platform, test strategies risk-free, and view live spreads. The broker also offers a battle contest on the demo account – a competition for traders of all abilities to build skills and earn funds for live accounts.

NPBFX Bonuses

NPBFX offers a decent suite of bonuses and promos. A cashback reward of 60% up to $7 per lot is available following a $100 deposit. Cashback can be withdrawn and is capped at $10,000 per month. There is also a loyalty programme with a host of rewards, including 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.

Visit the broker’s website to review full promotion terms and conditions.

Regulation Review

NPBFX is licensed with the Financial Commission. This is an external dispute resolution (EDR) body. 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.

Additional Features

The NPBFX website offers extensive support features via the analytics portal. Tools include one-to-one analyst support, a review of strategies, weekly webinar videos, calculators and historical data. These are great resources, especially for new traders.

NPBFX also offers ZuluTrade – one of the largest social trading communities. Clients can follow thousands of traders, exchanging ideas and investing tips. Signal providers are available in almost all markets and countries allowing for trading around the clock. ZuluTrade can be downloaded to mobile devices and the platform ranks signal providers so it’s easy for users to decide who to follow.

NPBFX ZuluTrade
ZuluTrade copy trading

Trading Accounts

NPBFX offers three account types:

All accounts have access to the MT4 trading platform, the full range of instruments and swap-free trading.

Benefits

Drawbacks

Trading Hours

NPBFX follows standard market hours. For forex, that’s typically 24/5 Monday through to Friday while cryptos can be traded over the weekend. The broker’s website and trading platform are open to users 24/7.

Customer Support

NPBFX offers multilingual customer support in 8 languages, available 24/5 Monday to Friday:

A comprehensive FAQ page is also available on the broker’s website.

Security

The MT4 platform assures the highest security standards including high-tech encryptions, secure logins, data privacy and additional authentication options. The personal office on the broker’s website is also password protected. Additionally, NPBFX uses established and trusted payment solutions, from Malaysian wire transfers to Skrill and Neteller.

Verdict

NPBFX offers trading services for investors of all abilities and experience. The broker provides a leading social trading platform in ZuluTrade, alongside the popular MT4 solution. STP technology and a range of educational tools are also available. Unfortunately, our review was less impressed with limited regulatory oversight and the withdrawal fees. As a result, there are other online brokers we’d recommend exploring.

Top 3 Alternatives to NPBFX

Compare NPBFX with the top 3 similar brokers that accept traders from your location.

  1. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

  2. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  3. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

NPBFX Comparison Table

Compare NPBFX With Similar Brokers
NPBFX World Forex IG Interactive Brokers
Rating 2.5 4 4.4 4.3
Markets Forex, CFDs, ETFs, indices, shares, commodities, cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Demo Account Yes Yes Yes Yes
Minimum Deposit $10 $1 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots $100
Regulators Financial Commission SVGFSA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
Bonus Cashback Rewards 100% Deposit Bonus
Education No No Yes Yes
Platforms MT4 MT4, MT5 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Leverage 1:1000 1:1000 1:30 (Retail), 1:250 (Pro) 1:50
Payment Methods 8 10 6 6
Visit Visit Visit Visit
Review World Forex
Review
IG
Review
Interactive Brokers
Review

Compare Trading Instruments

Compare the markets and instruments offered by NPBFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare NPBFX Trading Instruments
NPBFX World Forex IG Interactive Brokers
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes No
Gold Yes Yes Yes Yes
Copper No No Yes No
Silver Yes Yes Yes No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No No Yes Yes
Options No No Yes Yes
ETFs No No Yes Yes
Bonds No No Yes Yes
Warrants No No Yes Yes
Spreadbetting No No Yes No
Volatility Index No No Yes No

NPBFX vs Other Brokers

Compare NPBFX with any other broker by selecting the other broker below.

 

Customer Reviews

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FAQ

Is NPBFX regulated?

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.

What trading platforms does NPBFX offer?

MetaTrader 4 is offered by NPBFX as its main trading platform. The broker also offers social trading via ZuluTrade. Both are available as desktop and mobile applications.

What should I do if I have a withdrawal problem at NPBFX?

Should you run into payment issues, speak to the broker’s customer support team. If problems persist, see the NPBFX resolution centre.

What deposit options does NPBFX offer?

NPBFX accepts the following payment methods; credit/debits cards, e-wallets, Fasapay, WebMoney and wire transfer. Deposits start from $10 and there are zero fees.

Does NPBFX offer a demo account?

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. You can sign up on the broker’s homepage.