The company offers its services since 1996. NPBX allows traders to buy and sell FX currency pairs as well as several CFDs. This Forex platform is a member of the Financial commission, which is a kind of a regulator providing traders with a higher level of guarantees.
Main trading conditions and tools
There are three types of trading accounts including Master, Expert, and VIP. The minimum deposit is 10USD/EUR. The maximum leverage amount is 1:200. The minimum order amount is 0.01 lot. Before you start trading using your real money, you can try a demo version of the platform to practice your skills and a strategy.
As for the deposit/withdrawal features, you can fund your account by using bank cards, wire transfer, digital payment methods like Webmoney, Qiwi, Neteller Skrill and many others. Withdrawal should be done to the same account you have deposited from. There is no way to fund your account with cryptocurrency.
NPBFX offers only Metatraders for the clients, but with the wide range of its varieties including the web terminal and mobile version. This trading platform offers the following benefits:
- Instant execution due to the STP/NDD technology.
- Max deviation feature allows traders to indicate the maximum possible deviation of the current market price from the price you want.
- No freeze levels.
- Locking and hedging your positions.
- Algorithmic trading.
- Dow Jones news wire.
Metatrader offers also a wide range of tools for market analysis. You can find here many useful indicators as well as some important graphic tools like lines, trend lines, Fibonacci, etc.
Training and research
If you have heard something about Forex trading but never opened a single market order, you need some knowledge to begin. NPBFX offers a wide range of training materials which will help you to improve your skills and get the basics of trading.
Here you can find some articles and videos for the very beginners, different types of trading strategies, seminars, and webinars. There is also an electronic manual on Forex trading. What are the topics? They are standard and include basic knowledge about the markets, analysis methods, trading strategies, psychology as well as money and risk management. As it was mentioned above, once you are ready, you can try the demo account before risking your own money.
The research section is rich in information and offers different types of reviews, trading signals, news, video reviews, some useful tools like economic calendars and quotes, etc.
Pros and Cons
The benefits of trading with NPBFX are the following:
- The broker has a long history.
- It is a member of the Financial Commission.
- The company offers a rich training program.
- There is a demo account for the newcomers.
- Wide range of research materials.
- Social trading via ZuluTrade platform.
As for the disadvantages, they are the following:
- No official regulation from any famous watchdog.
- NPBFX offers only one trading platform.
The website has a user-friendly interface and it is easy to browse. You can reach any page you want in a couple of clicks.
We have found many opinions on the broker on different web sites. Some of them are positive, but there are negative ones. Please leave your comment to help the others understand whether this broker is worth their attention or not.
To finalize this review it is to mention that the broker offers several features for all types of traders and investors. You can do it on your own or use a Zulutrade platform offering the opportunity to skilled traders to give you signals.
Broker is a member of the Financial Commission
Social trading via ZuluTrade platform
Wide range of research materials