NPBFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1 47

Find Your Broker We helped new traders to find their path. Long history – NPBFX have been working in the Forex industry since 1996 and so have earned a deserved reputation as a trustworthy, long-established brokerage service. This broker was not featured in our 2023 Broker Review Audit.

Please read NPBFX Reviews below and share your live trading experiences with this broker. NPBFX warns that margin trading involves the potential for profit as well as the risk of loss. NPBFX warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors. NPBFX provides the extremely popular MetaTrader 4 platform through which trades can be executed.

NPBFX offers MetaTrader 4, one of the most widely used electronic trading and analytical platforms used for trading in Forex markets. MetaTrader 4 offers the most advanced professional functionality for trading, control over a trading account, analysis of price charts, and trading strategy development. NPBFX offers Islamic swap-free trading on all trading account levels. NPBFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. When we researched NPBFX based on some of our client complaints about this broker, we ran into some contradictory information.

• Thus, all orders are executed in the shortest time and stick closely to the current market prices.
• The clients of Nefteprombank broker may use a demo account in order to gain an additional experience in trading on the FX market and to polish their trading strategies.
• MetaTrader 4The user-friendly platform can be downloaded to desktop and mobile devices.
• What bonus the only funds in my account are the original funds from Fort FS.

In terms of features offered to traders, NPBFX has Demo Accounts, Social Trading, Signals and Auto Trading but is missing Islamic Accounts. They disabled my account because I made profits.If you love yourself, stay away from this scam broker because they only want to see a losing trader. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Established in 1996, NPBFX Limited has been in business for over 15 years. NPBFX is registered in Saint Vincent and Grenadines, not subject to any regulation at this stage.

It is easy to register for one of NPBFX’s trading accounts online. There are three account types to choose from to accommodate the needs of various kinds of investor and each has its own impressive features. The website is very clearly set out and outlines deposit methods available very clearly. The deposit methods offered by NBPFX are Skrill, Neteller, Bank Wire and also Visa/Master Card. Bank Cards, local bank transfer, and Wire Transfers are the only ones that come with a fee by the bank, while all other methods do not incur any fees from the broker.

TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. As with a bank, to register a forex trading account with NPBFX for the first time, you will be required to go through a basic “know your customer” process. Navigate to NPBFX website and select the option to “Register” an account.

NPBFX Deposit and withdrawal

A forex account at NPBFX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged. Very bad broker and Liars.I traded their 20$ bonus and I finished every and all terms… But they made me wait for 30 minutes without dealing my problems, and 30 minutes later, they just returned to tell me that they already send me an email. NPBFX offers the well known MetaTrader 4 platform and they also offer their own NPBFX Trader Platform.

In contrast, the standard Master account offers average spreads of 1.2 pips on majors, such as the EUR/USD pair. NPBFX does not charge any trade commission fees, on any of the 3 account types, which is definitely a bonus in itself for clients. In regards to the swap fees, they are specific to the pairs you are trading, which can be calculated accordingly and taking into consideration trade volume also. All relative information can be found on the website itself. According to the website, they have been providing trading and forex services since 1996, so we can safely assume this broker is well equipped to provide a more than satisfactory service to its clients. MetaTrader 4 is offered by NPBFX as its main trading platform.

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The minimum deposit amount required to register an NPBFX Professional live trading account is $10 USD. 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.

I guess the only way to get my npbfx review back will be to call my bank and open a chargeback. I’ve reached out to their customer service, I spoke with a Russian agent that does not speak English and very rude. The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Open an account with NPBFX, make a deposit, and start getting cashback for ever closed trade!

Regulation Review

It’s been months now, and I’m still waiting for my payout. Its’s a terrible service, I stopped using the service as soon as I notice I’m able to make withdrawals from my trades on benarmstrong-trades. Com, but either way, I would not recommend npbfx to anyone. They will take your money but will not fulfill their responsibilities. NPBFX offers a world-class social trading platform with immediate order execution.

If you are looking for a classic platform, then you are definitely here. When choosing an intermediary for exchange trading, pay attention to the service life, ratings, licenses, expert assessments. However, the broker is regulated by the SVGFSA and FC which does not provide as strong protection to traders as 1st tier regulatory bodies . Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with NPBFX. The agreement clearly states in black and white that Fort FS will transfer the balances of my trading accounts and open orders to the NPBFX broker.

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If I can give you an advise, run far away from these scammers, there are lot of trusted brokers around. I wanted to update a previous bad review because I’ve been able to withdraw money at the end of the day. As they are from Russia, they faced some difficulties to handle it, but the withdrawal came, quite late, but it came so I can’t complain. Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be made through the same avenues as deposits, but this may differ from one broker to the next. The trader will receive a confirmation email to verify the account with the necessary login details.

No matter which account type you opt for, you will not be charged trade commissions, and all accounts also have the same access to the same markets. The minimum deposit requirements vary, which we will go into shortly. The Nefteprombank Forex broker offers its customers a wide range of high-quality and actual analytics. The clients of Nefteprombank broker may use a demo account in order to gain an additional experience in trading on the FX market and to polish their trading strategies. We inform you that unfortunately, due to financial difficulties FortFS ceased to provide services and stopped operations.

Overall, in comparison to brokers of similar standing, their spreads appear to be competitive. Employees of the Company have many years of experience and professional skills of successful customer service on FOREX in banks and brokerage companies. NPBFX does offer a Sign-Up Bonus of $20, a Welcome bonus, or the advantage/profits of a no-deposit bonus with first-time sign-up or account registration. NPBFX does periodic offers competitions and profitable events. NPBFX was established in 1996 and is an STP/NDD broker that acts as an intermediary between clients and liquidity providers.

Ethereum is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best. It goes against our guidelines to offer incentives for reviews.

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. NPBFX is not a licensed or regulated broker even though it states offers that look good to be true. NPBFX claims it is a trading name of NMarkets Limited, a company regulated by the Saint Vincent and the Grenadines Financial Services Authority with company number IBC 2018.

Complete all information requested and select register where a trader will be taken to a secondary window that provides a Captcha form. The trader verifies all the details entered and it sends for registration. See our list of brokers that accept PayPal for alternatives. The Financial Commission with a compensation fund of up to € 20’000 for each client. Albeit successful process, the withdrawal is unavailable.

Broker Complaint Registry’s mission is to assist victims of online scams. Leads may be provided to third-party vendors that offer compensation in return. Traders can use these tools and resources to help manage their risk, and also get access to educational material and other resources.

It should be noted that the https://forexhero.info/ Forex broker is an ideal choice for carrying out an automated trading according to the specified algorithms. Scalpers and users, preferring using expert advisors in their business, often choose this brokerage company. The Nefteprombank Forex broker attracts the best liquidity providers to ensure quick and high-quality order executions. Thus, all orders are executed in the shortest time and stick closely to the current market prices. The company NPBFX can offer individual conditions and lower spreads for users with large trading volume. Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.

Licensed by the IFSC, this broker was one of the first in the industry to offer innovative STP/NDD technology which eradicated conflict of interest. Since 2011, NPBFX has been serving its clients through the MetaTrader 4 trading platform which is connected to a liquidity aggregator which enables clients to make its transactions with Tier 1 banks. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.

By the way, I think their personal area interface could be better. Anyway, it’s still a good and fair broker.Did not have any problems with them. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Taking into account that NPBFX is not regulated, there is a disclaimer at the footer of the website stating regional restrictions include not providing services for Canada and United States residents. Be sure to check if your country allows the use of such services, before signing up.

NPBFX accepts the following payment methods; credit/debits cards, e-wallets, Fasapay, WebMoney and wire transfer. Claim your profile to access Trustpilot’s free business tools and connect with customers. Sign up for NPBFX’s Loyalty Program and start getting not only profits from your trading, but also gifts for all of your trades! Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. I strongly advise all traders to stay away from NPBFX, on first sight it looks like trust worthy broker, but it is not.