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.
The registration form will ask for basic personal information, such as your name, email address, and phone number. You will also need to select the account type you prefer, depending on your trading expertise level and investment goals. To make your life easier, NPBFX offers a wide range of payment methods for both deposits and withdrawals. You can choose from trusted options like Visa and MasterCard or opt for e-wallets like Neteller and Skrill.
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. The services on the website are provided and regulated by NMarkets Limited.NPBFX (NEFTEPROMBANKFX) is providing customer service since 1996. In addition, the broker offers segregated accounts, meaning client funds are kept separate from the broker’s funds. This adds an extra layer of security to the trading process and helps to prevent any potential conflicts of interest. To provide payment processing services, NM Financial Solutions Limited was established as a partner company that processes payments only from credit and debit cards.
Also, all NPBFX accounts have a narrow floating spread, starting at just 0.8 pips on the Master account, 0.6 on the Expert account, and 0.4 on the VIP account. Plus, traders can use scalping, hedging, and position locking on all types of accounts. The company was awarded the winner in the nomination “Best STP Broker 2019” at the International Association of Forex Traders (IAFT). 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. Whilst welcome news, the broker is not regulated by highly reputable agencies like the CySEC.
The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Please read NPBFX Reviews below and share your live trading experiences with this broker. With NPBFX’s Compensation of Loss promotion, you can receive compensation for losses you incurred earlier in trading! NPBFX makes trading convenient for its clients by offering various trading denominations. Traders can select their preferred denomination among the United States Dollar (USD), Euro (EUR), and Russian Ruble (RUB) based on their needs and preferences.
Once you do that, you will be redirected to a page where you need to fill out a short registration form. It’s also worth noting that the broker’s reputation is supported by the reputation of the bank, which further adds to its credibility and trustworthiness. NPBFX is not only dedicated to providing top-notch trading services but it is also committed to protecting the interests of its clients. However, it’s worth noting that NPBFX doesn’t offer its services to residents of Canada and the United States.
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. 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.
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Still, client funds are held in segregated accounts and a compensation fund up to €20,000 is available. 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.
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NPBFX accepts the following payment methods; credit/debits cards, e-wallets, Fasapay, WebMoney and wire transfer. The user-friendly platform can be downloaded to desktop and mobile devices. NPBFX achieves this by being a permanent member of the Financial Commission. Furthermore, NPBFX provides insurance coverage of up to 20,000 euros through the Financial Commission, giving clients added peace of mind. A comprehensive FAQ page is also available on the broker’s website. 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.
https://forexhero.info/ 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. Compare the markets and instruments offered by NPBFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Visit the broker’s website to review full promotion terms and conditions. This website is using a security service to protect itself from online attacks.
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. Its demo account gives technical educational resources and offers a risk-free way to try your hand at forex trading and gain valuable experience.
However, some negative reviews mentioned difficulties in withdrawing funds and trading issues, which are worth considering before making a decision. 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. npbfx offers trading in leading financial instruments as well as copy trading.
NPBFX is also a member of The Financial Commission, an international organization that resolves disputes in the international financial services sector. Yes, NPBFX offers a demo account with access to virtual funds and the MT4 platform. 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. Additionally, NPBFX provides access to its analytical portal containing descriptions and analyses of over 60 trading strategies for nine different timeframes.
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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 is an excellent choice for investing in the forex market.
All accounts have access to the MT4 trading platform, the full range of instruments and swap-free trading. 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.
These trading strategies are based on signals from 23 different technical indicators, covering all global trading sessions. MetaTrader 4 is offered by NPBFX as its main trading platform. Customers who gave positive reviews mentioned NPBFX’s attentive customer support and quick fund withdrawal process, which are crucial factors in choosing a reliable Forex broker. NPBFX is a top-notch brokerage firm in the Forex market with over two decades of experience, as stated in numerous NPBFX broker reviews. The company, formerly known as Nefteprombank, rebranded to NPBFX on January 1st, 2016. It uses a unique blend of two business models, Market Maker, and Brokerage, to ensure that there are no conflicts of interest between the clients and the broker.
With a demo account, you can learn how to use the trading platform, gain experience making deals, and test trading strategies using real market prices. 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.