📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

NPBFX Account Types

NPBFX Account Types

 

 

 

Overall Rating

4.7/5

Rated #256 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

IFSC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

38

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

NPBFX offers three types of trading account, namely the Master Account, the Expert account and the VIP Account.

Finding a reputable list of NPBFX account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

NPBFX Overview

NPBFX has specialized in providing trading services on the Forex and money market since 1996. Until 2016 the service of private traders and corporate customers was carried out through the Bank of Russia (JSC «Nefteprombank»).

At the beginning of 2016 after re-branding, the service of private customers was transferred to NPBFX. The service of corporate customers still continues through Bank.

Between 1996 and 2006 the company carried out mainly an HNWI / UHNWI customer service segment.

In 2006 a new online trading platform was presented named NPBTrader that was connected with liquidity providers through a proprietary bridge.

Thus, NPBFX Company became one of the first to offer innovative software and hardware via STP/NDD technology that excludes the conflict of interest.

In 2011 the company began to serve customers through the trading platform Meta Trader 4. This platform is connected to a liquidity aggregator that allows customers to make a transaction on Tier 1 banks.

The service portfolio of NPBFX contains proposals for a variety of clients, including:

  • individual traders with classic trading strategies;
  • algorithmic traders, HFT-traders, scalpers;
  • traders who need the liquidity for large trading volume;
  • institutional clients and partners: brokerage companies, hedge funds, and corporate clients;
  • traders with individual needs.

 

In 2016, NPBFX has given Category A status from the Financial Commission, and the broker’s compensation fund was increased to 20,000 EUR per customer.

NPBFX serves clients from different regions of the world and operates in accordance with international standards of good business in financial services.

 

NPBFX Account Types

NPBFX offers three account types with a wide array of trading features, as well as an Islamic account and a demo account.

 

NPBFX Account Features

 

Master Account

  • Access to MetaTrader 4 trading platform for PC, iOS, and Android as well as NPBFX Trader
  • Spreads from 0.8 pips (average 1.2 pips)
  • 38 currency pairs, silver, gold, natural gas, and oil
  • No commission
  • Currencies available: US Dollar, Euro or Ruble
  • Minimum deposit: $10, 10 Euros or 500 Rubles
  • Minimum trade volume: 0.01
  • The minimum change in trade volume: 0.01
  • Leverage: 1:200
  • Swap-free available
  • Instant trade execution

 

Expert Account

  • Access to MetaTrader 4 trading platform for PC, iOS, and Android as well as NPBFX Trader
  • Spreads from 0.6 pips (average 1.0 pips)
  • 38 currency pairs, silver, gold, natural gas, and oil
  • No commission
  • Currencies available: US Dollar, Euro or Ruble
  • Minimum deposit: $5000, 5000 Euros or 300,000 Rubles
  • Minimum trade volume: 1.0
  • The minimum change in trade volume: 0.1
  • Leverage: 1:100
  • Swap-free available
  • Instant trade execution
  • No restrictions on Stop/Limit
  • Expert Advisors Allowed
  • Scalping and HFT allowed
  • Hedging allowed
  • Telephone dealing allowed

 

VIP Account

  • Access to MetaTrader 4 trading platform for PC, iOS, and Android as well as NPBFX Trader
  • Spreads from 0.4 pips (average 0.8 pips)
  • 38 currency pairs, silver, gold, natural gas, and oil
  • No commission
  • Currencies available: US Dollar, Euro or Ruble
  • Minimum deposit: $50,000, 50,000 Euros or 3,000,000 Rubles
  • Minimum trade volume: 1.0
  • The minimum change in trade volume: 0.1
  • Leverage: 1:100
  • Swap-free available
  • Instant trade execution
  • No restrictions on Stop/Limit
  • Expert Advisors Allowed
  • Scalping and HFT allowed
  • Hedging allowed
  • Telephone dealing allowed
  • Dow Jones news feed available
  • 24/5 customer and technical support available
  • Stop out level: under 30%

 

NPBFX Demo Account

The company offers its clients the opportunity to open an unlimited number of accounts of different types and with different deposit currencies.

This makes it easy to run a demo alongside your live trading account, and practice demo strategies that can later be applied in real-time.

Trading on an NPBFX demo account allows you to:

  • trade on the Forex without risk of losing real money;
  • learn the trading platform and gain experience of making deals;
  • test trading strategies using real market prices;
  • read the terms of service, check prices and spreads.

 

The broker also allows traders to participate in contests on demo accounts. The contests on demo accounts are perfect for all categories of traders and allow you to build up trading skills without risking real money.

 

Overall Rating

4.7/5

Rated #256 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

IFSC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

38

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

NPBFX Islamic Account

The Islamic account will have the same spreads as the standard accounts. Opening an Islamic account consists of the following steps:

1. Open a trading account using the Sign in/Register option in the Personal cabinet.
2. Send an email [email protected] with the subject «Activation of the Free Swap account» and text of the letters: I, (your full name), want to activate the Swap-free option for my account (your trading account)
3. Get confirmation of activation of a Swap Free account*.

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Traders who are interested in registering for an Islamic account must contact NPBFX’s customer support to verify the details of the account as conditions may have changed from the time of writing.

These changes are as per the broker’s discretion and/or changes in market conditions.

 

Pros and Cons

✔️ PROS ❌ CONS
Islamic Account available

No extra charges on the Islamic account

Easy account opening process

Tight spreads

Commission-free trading

Low trading fees

Decent leverage

MetaTrader available

Lax regulation

Limited trading platforms

 

You might also like: NPBFX Minimum Deposit

You might also like: NPBFX Demo Account

You might also like: NPBFX Fees and Spreads

You might also like: NPBFX Sign up Bonus

You might also like: NPBFX Islamic Account

 

 

NPBFX at a Glance

Broker’s Name NPBFX
Headquartered Kingstown, St Vincent, and the Grenadines
Year Founded 1996
Regulating Authorities The Financial Commission
Countries not accepted for trade United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts Yes
Maximum Leverage 1:200
Minimum Deposit $10
Deposit Options
  • Visa
  • Mastercard
  • WebMoney
  • Qiwi Wallet
  • Yandex Money
  • FasaPay
  • Skrill
  • Neteller
  • Payoma
  • Bank Wire Transfer
Withdrawal Options
  • Visa
  • Mastercard
  • WebMoney
  • Qiwi Wallet
  • Yandex Money
  • FasaPay
  • Skrill
  • Neteller
  • Payoma
  • Bank Wire Transfer
Platform Types MetaTrader 4
OS Compatibility Windows, Mobile, Web, iPhone, iPad

PC and Mac OS, mobile for Android and IOS

Tradable Assets
  • Forex
  • Indexes
  • Shares and ETFs
  • Energies
  • Cryptocurrencies
Languages supported on Website English, Indonesian, Malaysian, Vietnamese, French
Customer Support Languages English, Indonesian, Malaysian, Vietnamese, French
Customer Service Hours 24/5

 

FAQ’s

 

Trading Environement

 

How many instruments can I trade with NPBFX?

NPBFX offers the following assets to trade:

  • Forex
  • Indexes
  • Shares and ETFs
  • Energies
  • Cryptocurrencies

 

Which platforms are supported by NPBFX?

MetaTrader 4

 

Does NPBFX offer leverage?

Yes, leverage is provided on the various accounts as follows:

  • Master account: maximum leverage of 1:200
  • Expert Account: maximum leverage of 1:100
  • VIP Account: maximum leverage of 1:100

 

What spreads can I expect with NPBFX?

  • Master Account: Spreads from 0.8 pips (average 1.2 pips)
  • Expert Account: Spreads from 0.6 pips (average 1.0 pips)
  • VIP Account: Spreads from 0.4 pips (average 0.8 pips)

 

Apart from offering these very competitive, tight spreads, the broker also does not charge commission on any of these accounts.

 

Does NPBFX charge commission?

No, the broker does not charge commissions on any of its trading accounts.

 

Are there additional charges on the Islamic account?

No

 

Is NPBFX regulated?

Yes, NPBFX is regulated. This means NPBFX is supervised by and is checked for conduct by the Financial Commission (EDR) regulatory bodies.

 

Is NPBFX a recommended forex trading broker for experts and beginners?

Yes. NPBFX caters to both beginners and experts.

 

What is the overall rating out of 10 for NPBFX?

7/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does NPBFX offer a demo account?

Yes.

 

For how long is the demo account valid?

The demo account from NPBFX is available for an unlimited period of time but will expire after 14 days of inactivity

 

Does NPBFX offer the option of an Islamic Account?

Yes

 

Which live trading accounts does NPBFX offer?

NPBFX offers three types of trading account, namely the Master Account, the Expert account, and the VIP Account.

 

What are the available deposit currencies for a live trading account?

The broker has a limited number of deposit currencies, which consist of the following:

  • USD
    EUR
    RUB
  • WMZ
    WME
    WMR
  • VND
  • IDR
  • MYR
  • THB

 

Deposits and Withdrawals

 

What is the minimum deposit for NPBFX?

$10

 

How do I make a deposit and withdrawal with NPBFX?

NPBFX has a good variety of popular deposit methods, which consist of the following:

  • Visa
  • Mastercard
  • WebMoney
  • Qiwi Wallet
  • Yandex Money
  • FasaPay
  • Skrill
  • Neteller
  • Payoma
  • Bank Wire Transfer

 

Does NPBFX charge withdrawal fees?

NPBFX does not charge any withdrawal fees. Some banks or payment providers, however, may charge transaction fees according to their fee schedule.

Any such fees derived from the payment methods including any exchange fees (due to currency conversion), are not covered by NPBFX and the broker is not liable to such reimbursement.

 

How long does it take to make a withdrawal?

E-payments are typically instant or within ten minutes, while credit cards and bank wire transfers can take up to three business days, depending on your location.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.