NPBFX Review

Overall, NPBFX can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. NPBFX has an overall trust score of 70 out of 99. NPBFX offers 40+ cross currencies which include metals and oil.

NPBFX At a Glance

Overall Rating

• 3.6/5

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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

Choose your quick section of our NPBFX below.

NPBFX review – 20 key point quick overview:

1. NPBFX At a Glance
2. NPBFX Overview
3. NPBFX Safety and Security
4. NPBFX Sign-Up Bonus
5. NPBFX Minimum Deposit
6. NPBFX Demo Account
7. NPBFX Leverage
8. NPBFX Accounts
9. NPBFX Market instruments
10. NPBFX Fees, Spreads & Commissions
11. NPBFX Deposit and withdrawal
12. NPBFX Trading platforms
13. NPBFX Best Countries by Traders
14. NPBFX Current Popularity Trend
15. NPBFX vs Exness vs XM – a Comparison
16. NPBFX Customer Reviews
17. NPBFX Pros and cons
18. NPBFX Conclusion
19. NPBFX Disclaimer
20. Frequently Asked Questions

NPBFX Overview

According to research in South Africa, NPBFX is an online brokerage that is headquartered in London, England. The broker was founded in 1996 and was rebranded in 2016 in order to offer its services to the world.

The broker claims that its main selling points are that it has been on the market for more than two decades in offering comprehensive solutions and services.

NPBFX has a customer-focused service model, fast and high-quality transaction processing, a compensation fund, a high-quality analytical portal, and offers the best trading platforms on the market.

NPBFX Safety and Security

One of the best benchmarks to measure the safety of a broker like NPBFX is to establish which regulating authorities are watchdogs over its actions.

NPBFX is regulated by the Belize International Financial Services Commission (IFSC).

NPBFX Sign-Up Bonus

NPBFX does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.

NPBFX Minimum Deposit

The minimum deposit amount required to register an NPBFX trading account is $10. This minimum deposit is equivalent to R160 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

NPBFX Demo Account

NPBFX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The NPBFX demo account does not have a specific expiry date.

NPBFX Leverage

Leverage is a facility that enables you to get much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

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.

NPBFX offers a maximum leverage ratio of 1:1000.

NPBFX Accounts

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.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

Often, the number and type of accounts that a trader can open with a broker differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.

NPBFX offers the following types of accounts:

• Master Account – This account is aimed at beginner traders and has a maximum leverage of 1:1000, a minimum deposit requirement of 10 USD, and a floating spread that begins at 0.8 pips.
• Expert Account – This account is aimed at experienced traders and has a maximum leverage of up to 1:200, a minimum deposit requirement of 5000 USD, and a floating spread that begins at 0.6 pips.
• VIP Account – This account is aimed at expert traders and has a maximum leverage of up to 1:200, a minimum deposit requirement of 50,000 USD, and a floating spread that begins at 0.4 pips.

How to open an NPBFX account

1.  Step 1 – Register an account

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.

2.  Step 2 – Complete the registration

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.

3.  Step 3 –  Account verification

The trader will receive a confirmation email to verify the account with the necessary login details.

NPBFX Market instruments

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.

Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

NPBFX offers the following from the above:

• 38 currency pairs
• Precious metals
• Oils, and
• Natural Gases

NPBFX Fees, Spreads & Commissions

Cost depends on different factors, like spread and margins, and NPBFX clients may also experience different fee structures according to their country or place of residence.

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.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the position’s size (volume), and the leverage applied to your trading account.

NPBFX does not charge commissions on trades and offers an extremely profitable trading environment with their tight spreads.

NPBFX offers a floating spread from 0.8 pips on the Master Account, 0.6 pips on the Expert Account, and 0.4 pips on the VIP Account.

NPBFX Deposit and withdrawal

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.

NPBFX requires a minimum deposit of 10 USD and offers the following payment methods for deposits and withdrawals:

• Visa
• MasterCard
• Bank Transfer
• Neteller
• Skrill
• FasaPay
• Yandex
• Qiwi, and
• WebMoney

NPBFX Trading platforms

The forex trading platform provided by NPBFX is the software to carry out trades. Some brokers provide only one trading platform whereas others offer several.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

NPBFX provides the extremely popular MetaTrader 4 platform through which trades can be executed.

NPBFX Best Countries by Traders

NPBFX Current Popularity Trend

According to Google Trends, here is an overview of how frequently the search term – “NPBFX” is entered into Google’s search engine over a given period of time.

NPBFX vs Exness vs XM – a Comparison

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 can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads.

NPBFX has an overall trust score of 70 out of 99. NPBFX offers a world-class social trading platform with immediate order execution.

NPBFX can be described as a broker which offers a profitable trading environment by offering some competitively tight spreads.

Since the broker has been in the industry for such a long time and their regulation is sound, customers should have peace of mind when it comes to the security of their funds.

The broker offers scalping which could be to the advantage of numerous traders and NFBFX could benefit greatly by offering a few more tradable assets.

NPBFX Disclaimer

NPBFX warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors.

Before deciding to trade with NPBFX, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

NPBFX warns that margin trading involves the potential for profit as well as the risk of loss.

Movements in the price of foreign exchange and commodities are very unpredictable, hence NPBFX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

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Frequently Asked Questions

Can South Africans open a NPBFX account?

Yes, South Africans can open a NPBFX account.

What is the overall rating out of 10 for NPBFX?

The overall score rating for NPBFX is 7/10.

Is NPBFX regulated?

Yes, NPBFX is regulated by the Belize International Financial Services Commission (IFSC).

What is the minimum deposit for NPBFX?

The minimum amount to deposit when opening an account is $10 USD / R160 ZAR

What type of forex broker is NPBFX?

NPBFX is a STP (Straigh through processing) broker.