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NPBFX Fees and Spreads

NPBFX Fees and Spreads

 

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

 

NBPFX spreads start from 0.4 pips, NPBFX does not charge commissions on any of its trading accounts. NPDFX doesn’t charge any account fees, while deposits and withdrawals are also free of charge.

NPBFX also charges an inactive fee.

Finding a reputable list about NPBFX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

The NPBFX spread list is as follows:

  • 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.

 

Additional Trading Fees

 

NPBFX does charge a daily rollover fee, also referred to as overnight fees, or swap fees.

Swap charges refer to the difference in interest rates of the currency pair when holding positions open overnight.

These is also known as rollover charges. This varies according to the difference in interest rates of the base currency against the quote currency. Therefore, traders should note the following:

1) SWAP is charged at 22:00 (Greenwich Mean Time) based on the above-mentioned swap rates.

2) SWAP is credited or deducted in MetaTrader4 without reopening of positions.

3) Above mentioned SWAP rates are indicated for one business day rollover.

4) When the rollover is carried over several days, weekends or holidays SWAP is multiplied accordingly. For example on Wednesday* at 22:00 GMT when a rollover is carried over weekends (Friday to Monday) SWAP amount is tripled.

5) A temporary lack of liquidity in the market is possible during 20:55 to 21:10 GMT due to an interbank rollover, which may entail a significant increase in the spread.

 

Also, lack of liquidity can be observed during the opening of trading sessions on the interbank market on Sunday from 22:00 to 23:00 GMT and in the closing period from 20:00 to 20:55 GMT on Friday. It is necessary to consider this feature when planning to trade.

For detailed information for each currency pair and for the formula used in the calculation please see the broker’s Trading Accounts webpage.

Islamic traders are offered the option of signing up for an Islamic account, also called a swap-free account, on which these charges will not be incurred.

 

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

 

Broker Fees

Traders also need to ensure that they verify additional broker fees which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

NPBFX does offer spread betting services, so spread betting fees will apply. Traders should check these specifications with the broker’s support team.

 

Pros and Cons

✔️ PROS ❌ CONS
Tight spreads

Commission-free trading

No deposit fees

Limited withdrawal fees (only charged on bank transfers)

Low minimum deposit

Islamic account available

Lax regulation

 

You might also like: NPBFX Minimum Deposit

You might also like: NPBFX Demo Account

You might also like: NPBFX Sign up Bonus

You might also like: NPBFX Account types

You might also like: NPBFX Islamic Account

 

FAQ’s

 

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.

 

Is NPBFX regulated?

Yes, NPBFX is regulated. This means NPBFX are 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 for both beginners and experts.

 

What is the overall rating out of 10 for NPBFX?

7/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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