Bettestal Necker Forex Trading NPBFX Review 2023 Key Welcome Bonus & Social Trading Details

NPBFX Review 2023 Key Welcome Bonus & Social Trading Details

npbfx review

The main negative factor in this score is that NPBFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers. The only promotional scheme that NPBFX offer is a one-time deposit bonus (first deposit made). It was not particularly clear to find this info on the website, but the live chat agent gave assistance promptly with the provision of information on this scheme.

The user-friendly platform can be downloaded to desktop and mobile devices. 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. The broker also supports popular payment systems such as FasaPay, Yandex, Qiwi, and WebMoney, ensuring that you can easily fund your account or withdraw your profits in a way that suits you best. 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.

npbfx review

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. NPBFX is an offshore broker similar to AxenTrade, which we reviewed earlier. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice. Companies providing online trading services without a license cannot provide their clients with any sort of protection. 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.

Founded in 1996, NPBFX Limited has been in business for over 15 years. With a presence in multiple continents and offices in the UK, Belize and Russia, the broker acts as an intermediary between clients and liquidity providers. Users benefit from a decent range of investing tools, social trading and a choice of three live accounts. NPBFX broker offers instant deposit and withdrawal of funds upon request, with no limits on the number of requests you can make.

NPBFX swaps All swaps NPBFX

All these measures and many more point to the fact that NPBFX isn’t a scam but a legitimate brokerage firm. 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 npbfx review 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. Overall, NPBFX is a trustworthy broker that places a high priority on protecting your assets and personal information.

Here are the most important terms to remember when it comes to NPBFX. The goal is to help you understand what the broker can provide you as a trader and to give you helpful information. I’ll examine NPBFX’s advantages and drawbacks in addition to its features.With that said, let’s get started and see what NPBFX has to offer. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker. In terms of features offered to traders, NPBFX has Demo Accounts, Social Trading, Signals and Auto Trading but is missing Islamic Accounts.

A guide to the best no deposit bonus in 2020 and how to get it – Forex News Now

A guide to the best no deposit bonus in 2020 and how to get it.

Posted: Thu, 05 Mar 2020 10:10:28 GMT [source]

However, some negative reviews mentioned difficulties in withdrawing funds and trading issues, which are worth considering before making a decision. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Please read NPBFX Reviews below and share your live trading experiences with this broker.

The Company aims to take a leading position in the industry and meet the needs of the most demanding types of customers. It goes against our guidelines to offer incentives for reviews. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

Does NPBFX offer a demo account?

You can access your account whenever it’s convenient for you thanks to the trading platforms’ availability on both desktop and mobile devices. Withdrawal options are lengthly in terms of selection, and the customer service is consistent, friendly and professional. NPBFX does not charge any trade commission fees, on any of the 3 account types, which is definitely a bonus in itself for clients.

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 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. 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.

How to calculate number of pips in forex?

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Compare the markets and instruments offered by NPBFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

  • You can access your account whenever it’s convenient for you thanks to the trading platforms’ availability on both desktop and mobile devices.
  • Good and great brokerHe cares about customers and the services provided by him are very good.
  • As a result, there are other online brokers we’d recommend exploring.
  • The most recent information indicates that NPBFX, with its registration in Belize, possesses the legal licenses required to offer financial services in that jurisdiction.
  • A red flag that we noticed is NPBFX is withholding vital information to users.

NPBFX is a reputable brokerage firm that provides traders with diverse trading instruments (which include currency pairs, precious metals, commodities, and indices). With access to these various financial markets, you can broaden your investment portfolios and take advantage of new trading opportunities. Alternatively, there is a handy FAQ page on the website to answer any basic questions or queries you might have as a potential client. 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.

You should consider whether you can afford to take the high risk of losing your money. NPBFX does offer a demo account, which is good to use as part of a practice and training exercise, and of course, to backtest the trading conditions offered, which should reflect precisely on the live account. The only thing a demo does not take into account is things like slippage. 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.

Trading Hours

The deposit methods offered by NBPFX are Skrill, Neteller, Bank Wire (a very large variety of which you can see on the website) 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. The deposit requirement is also a good gauge to indicate the level of expertise a trader must go for when choosing the account type most suitable for them.

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. Yes, NPBFX offers a demo account with access to virtual funds and the MT4 platform. For forex, that’s typically 24/5 Monday through to Friday while cryptos can be traded over the weekend. The broker’s website and trading platform are open to users 24/7.

The minimum deposit requirements vary, which we will go into shortly. The NPBFX company specialises in offering Forex trading services and was established as long ago as 1996. 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.

The broker uses STP/NDD technology for ultra-fast executions, ensuring fair market prices from the best liquidity providers. Our NPBFX review covers how to register for a live account, the MetaTrader 4 platform, minimum deposits and welcome bonuses. As highlighted in NPBFX reviews, traders worldwide trust NPBFX for its adherence to international standards of good business in financial services. Its use of STP technology ensures that clients’ deals are directly routed to the interbank market, resulting in faster execution times and more favorable pricing. In addition to offering many types of trading accounts, NPBFX also offers competitive spreads, making it a popular choice for users looking to reduce trading costs. You can take advantage of a more favorable pricing structure thanks to NPBFX’s competitive spreads, which may enable you to make more money on each trade.

npbfx review

There is a comparison table for all 3 account types displayed on the website, clearly set out with each account specifications to help potential clients decide which account is most suitable. All 3 accounts have access to both MT4 trading platform as well as this broker’s very own customized platform, namely NPBFX Trader. 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 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.

Trade over three-dozen currencies with competitive floating spreads. NPBFX could go bankrupt from one day to another since there are no banking information about this broker. In this review, we will describe why your funds are not safe with NPBFX. A comprehensive FAQ page is also available on the broker’s website.

  • The broker employs advanced security measures to safeguard its trading platforms and infrastructure against cyber threats.
  • Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY.
  • NPBFX is a multiple award-winning broker that gives traders access to Forex, CFDs, ETFs, indices, shares, commodities, cryptocurrencies.
  • Additionally, NPBFX provides access to its analytical portal containing descriptions and analyses of over 60 trading strategies for nine different timeframes.

Those such drawbacks with this broker include not only the relatively weak regulatory body but also the absence of segregated accounts. There is an overwhelming number of brokers out there, with many offering similar trading terms – including minimal deposit requirements, maximum leverage, and currency pair accessibility. Between 74-89% of retail investor accounts lose money when trading CFDs.

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. Its demo account gives technical educational resources and offers a risk-free way to try your hand at forex trading and gain valuable experience. 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 is a global broker specialising in forex and commodities trading.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post