Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||currency pairs, gold, silver, crude oil, natural gas, and CFDs|
|Account Type||Cent, Standard and ECN|
|Spread||Vary on the account type|
|Commission||Vary on the account type|
|Deposit & Withdrawal Method||VISA, MasterCard, Maestro, WebMoney, QIWI Wallet, Skrill, NETELLER, Wire Transfer|
NPBFX, the trading name of NPBFX Limited, is an online trading service provider registered in Belize, specializing in financial derivatives such as stock index, metal, commodities, CFD price difference contracts and foreign exchange margin trading.
As for regulation, it has been verified that NPBFX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.40/10. Please be aware of the risk.
Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Traders can trade more than 60 popular financial instruments through NPBFX, mainly currency pairs, gold, silver, crude oil, natural gas, and CFDs.
NPBFX offers three different trading account types: the Cent (with a minimum deposit of $10), the Standard (with a minimum deposit of $10), and the ECN accounts (with a minimum deposit of $1,000). The initial deposit requirement of $10 seems reasonable for most traders to get started.
When it comes to the trading leverage, NPBFX offers floating leverage, with the maximum leverage for forex trading up to 1:1000, maximum leverage for Gold trading at 1:200, and the leverage for Silver/Energy/Indices up to 1:200. Due to heavy investment losses, inexperienced traders are advised not to use too high trading leverage.
Spreads & Commissions
The spreads on the Cent account are the same as the Standard account, with a minimum spread on EUR/USD pairs from 1.7 pips, with no commission charged for forex trading. While the EURUSD spread starts from 0 pips, there will be $6 charged per lot on every ECN transaction.
NPBFX has been providing traders with the MT4 trading platform since 2011. The PBFX MT4 platform provides a useful analytical tool. Each financial product can choose nine time periods of quotation, providing detailed dynamic quotation analysis. More than 50 indicator tools can help simplify traders' analysis so that they can clearly analyze the current market situation, and determine whether to rise or oscillate. As well as different periods to determine whether to buy or sell. In addition, traders can manage different financial products in this way. This is a real-time trading system that makes it easy to use.
Deposit & Withdrawal
NPBFX supports traders to deposit and withdraw funds through various methods, mainly VISA, MasterCard, Maestro, WebMoney, QIWI Wallet, Skrill, NETELLER, and Wire Transfer. A bank transfer fee of 100 Euros will be charged.
The NPBFX customer service support can be reached through email: firstname.lastname@example.org. Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines.
Pros & Cons
|• Multiple trading assets, account types and funding options||• No regulation|
|• Low minimum deposit ($10)|
|• MT4 supported|
Frequently Asked Questions (FAQs)
|Q 1:||Is NPBFX regulated？|
|A 1:||No. It has been verified that NPBFX currently has no valid regulation.|
|Q 2:||Does NPBFX offer the industry-standard MT4 & MT5？|
|A 2:||Yes. NPBFX offers MT4.|
|Q 3:||What is the minimum deposit for NPBFX？|
|A 3:||The minimum initial deposit to open an account is $10.|
|Q 4:||Is NPBFX a good broker for beginners？|
|A 4:||No. NPBFX is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations. Take care!|