NPBFX – Account Types

NPBFX offers 3 live trading accounts, a Master account, VIP account, and Expert account. NPBFX also offers a Demo account where traders can learn the basics of Forex trading and an Islamic Swap-Free account.

NPBFX At a Glance

Overall Rating

• 3.6/5

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Min Deposit

USD 10

Regulators

IFSC

Trading Platform

MT4, ZuluTrade, Myfxbook, AutoTrade

Crypto

Yes

Total Pairs

38

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our NPBFX below.

NPBFX Account Types – 10 key point quick overview:

1. NPBFX At a Glance
2. NPBFX Overview
3. NPBFX Account Types
4. NPBFX Account Features
5. NPBFX Demo Account
6. NPBFX Islamic Account
7. NPBFX Customer Reviews
8. NPBFX Pros and cons
9. NPBFX Conclusion
10. Frequently Asked Questions

NPBFX Overview

NPBFX is an NDD and STP broker that is headquartered in Saint Vincent and the Grenadines, with respective regulations through the Financial Services Authority (SVG FSA). NPBFX has been in operation since 1996 and offers traders from around the world with the trade in a variety of financial instruments.

There are more than 200,000 registered clients from around the world and NPBFX is well-known for using a Straight-Through Processing and No-Dealing Desk brokerage model, and all price quotes are obtained from a range of Liquidity Providers (LPs) such as large tier-1 banks including Deutsche Bank, Citi, BNP Paribas, and several others.

NPBFX’s unique model ensures that there is no conflict of interest and profits are made from slightly marked-up spreads. All client orders are route to LPs for fast, reliable execution of trades at the best possible bid/ask prices.

NPBFX uses high-tech, innovative trading software as well as hardware to provide traders with the best conditions, and a safe trading environment. NPBFX uses Equinix servers which are in New York, ensuring that traders can expect minimal slippage and no requotes.

NPBFX has won several industry awards over the past few years in several categories, from Best STP Broker to Best Execution Broker. NPBFX is a member of the Financial Commission (FinaCom), an organization that resolves disputes between brokers and their clients.

If traders have any issue with the way in which NPBFX operates, they can take their case to FinaCom where, if they win the case, the client can be compensated up to a maximum of €20,000 (343 906 ZAR) per case.

While NPBFX provides trading services and solutions to traders from around the world, it is important to note that traders from Canada and the United States are not accepted. Some of the products and services offered by NPBFX may not be available to all traders as result of legal restrictions.

NPBFX Account Types

NPBFX offers traders with a choice in three different account types. Each of these accounts caters for a different level of trader and has unique trading conditions. The account types offered by NPBFX are:

• Master Account
• Expert Account
• VIP Account

In addition to the live trading accounts offered, NPBFX also offers Muslim traders with the option of converting any of these three live trading accounts into a Swap-free or Islamic Account.

Traders can also open a demo account with NPBFX to practice trading, test strategies, or explore what NPBFX offers.

NPBFX Account Features

Master Account

This is the entry-level account that NPBFX offers traders, and it has the following features:

• Minimum deposit of $10 (146 ZAR) to open the account
• Access to MetaTrader 4 on all devices, ZuluTrade, and Myfxbook AutoTrade
• Spreads on EUR/USD starting from 0.8 pips with spreads averaging 1.2 pips.
• Access to all tradable instruments
• Commission-free trading
• USD, EUR, or RUB as the base account currency and deposit currency
• Leverage up to 1:1000
• The option to convert the account to an Islamic Account
• Market or Instant execution
• Automatic trading with the use of Expert Advisors (EAs)
• Hedging and telephone dealing allowed
• Access to the DowJones newsfeed
• Access to 24/5 customer support
• Access to all funding methods
• Stop-out level of less than 30%

Expert Account

The Expert Account is the next step up and is tailormade for more advanced traders who need tighter spreads and additional benefits to add a competitive edge to their trading. The features that traders can expect on this account are as follows:

• Minimum deposit of $5,000 (72 883 ZAR) to open the account
• Access to MetaTrader 4 on all devices, ZuluTrade, and Myfxbook AutoTrade Spreads on EUR/USD starting from 0.6 pips with spreads averaging 1 pip
• Access to all tradable instruments
• Commission-free trading
• USD, EUR, or RUB as the base account currency and deposit currency
• Leverage up to 1:200
• The option to convert the account to an Islamic Account
• Market or Instant execution
• Automatic trading with the use of Expert Advisors (EAs)
• Hedging and telephone dealing allowed
• Access to the DowJones newsfeed
• Access to 24/5 customer support
• Access to all funding methods
• Stop-out level of less than 30%

VIP Account

This account is the flagship account reserved for professional clients and high-volume traders. The features of this account are:

• Minimum deposit of $50,000 (728 839 ZAR) to open the account
• Access to MetaTrader 4 on all devices, ZuluTrade, and Myfxbook AutoTrade
• Spreads on EUR/USD starting from 0.4 pips with spreads averaging 0.8 pips
• Access to all tradable instruments
• Commission-free trading
• USD, EUR, or RUB as the base account currency and deposit currency
• Leverage up to 1:200
• The option to convert the account to an Islamic Account
• Market or Instant execution
• Automatic trading with the use of Expert Advisors (EAs)
• Hedging and telephone dealing allowed
• Access to the DowJones newsfeed
• Access to 24/5 customer support
• Access to all funding methods
• Stop-out level of less than 30%

NPBFX Demo Account

The demo account that NPBFX offers traders serves multiple purposes and it is a vital part of any broker’s offering to traders. NPBFX requires that traders register on the official website and once complete, traders can use the demo account through MetaTrader 4.

Beginner traders can use the demo account to practice their trading, allowing them to gain experience and skill. More advanced traders can use the account to develop and test their trading strategies before they launch them in a live trading environment.

NPBFX Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who 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.

NPBFX offers Muslim traders the freedom to convert any of the three live trading accounts into an Islamic Account, exempting them from overnight fees and ensuring that they are compliant with Sharia Law.

NPBFX  Customer Reviews

Good, but VERY, VERY long withdrawal process

I’m updating this review from 1 to 4 stars.

The withdrawal process is very very long, probably because I’m from EU. However, you guys should aware your customers of the situation.

Anyway, they offer very good services (crypto deposit), but their support is non-existent. Your dedicated agent helps a lot, but they do not have any information.

Future broker

A broker with a bright future

Profit No, MC Yess

Maybe that’s one of the principles or motto at NPBFX. Never trade on NPBFX.
You profit a lot, but definitely will not be paid. NPBFX has prepared its flagship weapon. I trade with the usual technique, do not trade balance or hedging. But they thought I had committed an offense. They don’t like clients making big profits. They are too sneaky and underhanded for a novice client like me. It is very clear they are brokers. Again, never trade on NPBFX if you want your profit to be safe.

NPBFX Pros and cons

NPBFX Conclusion

Overall, NPBFX offers 3 live trading accounts, a Master account, VIP account, and Expert account. Grand Capital also offers a Demo account where traders can learn the basics of Forex trading and an Islamic Swap-Free account.

You might also like: NPBFX Demo Account

You might also like: NPBFX Fees and Spreads

You might also like: NPBFX Islamic Account

You might also like: NPBFX Minimum Deposit

You might also like: NPBFX Sign up Bonus

Overall Rating

• 3.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

IFSC

Trading Platform

MT4, ZuluTrade, Myfxbook, AutoTrade

Crypto

Yes

Total Pairs

38

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Frequently Asked Questions

Does NPBFX offer leverage?

Yes, NPBFX offers leverage up to a maximum of 1:1000.

Does NPBFX offer an Islamic Account?

Yes, NPBFX offers an Islamic Account option on all live trading accounts.

Which live trading accounts does NPBFX offer?

• Master Account
• Expert Account, and
• VIP Account

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

Yes, NPBFX is recommended for both beginners and experts.

Does NPBFX offer a demo account?

Yes, NPBFX offers a demo account.