NPBFX Review | Is It Worth Trading Here or Is It a Well-Disguised Scam?

The world of trading attracts the attention of many. However, it’s no wonder that people are often wary of dealing with new companies that have only been around for a couple of years. Let us introduce you to NPBFX, a Forex broker that has been successfully operating for more than two decades. What is the secret of its popularity? Is it worth trading on this platform today or is it a well-disguised scam? To draw a conclusion, we will check the terms of cooperation and reviews about the broker.

Highlights

First Impression of Npbfx.com

NPBFX puts considerable emphasis on their official website, making sure it looks presentable. The information is conveniently laid out, with all the necessary documents and contact details readily available. The design of the platform is aesthetically pleasing, featuring carefully crafted elements and promotional banners that aim to entice users.

The website is conveniently translated into multiple languages. The main menu offers various sections where users can explore the broker’s offerings, delve into the details of their partnership program, and get some information about the company itself.

The homepage prominently displays real-time quotes and spreads for different instruments, accompanied by a user-friendly trader calculator. You can also find the latest news from NPBFX and discover the available account funding methods.

Partnership and Bonuses

NPBFX offers a partner program that provides different options for participants.

1. Referral Rewards: Under this program, the referring partner can earn up to $19 for each trade made by the referred client. This means that the more active the referral is in their trading activities, the higher the potential reward for the referring partner.
2. One-Time Payment. Alternatively, partners can opt for a one-time payment for each new client they bring in. In this case, the referring partner can expect compensation up to $900 for successfully attracting a new client to the broker.

Account Opening on Npbfx.com

To create an account, you will need to fill out a brief questionnaire that requires the following information:

• Full name
• Email address
• Phone number

During the registration process, NPBFX will send verification codes to the provided email address and phone number to ensure the accuracy and security of the account. Additionally, you will be required to agree to the terms of service and review the risk disclosure notice.

Once registered, you will have access to a personal account dashboard where you can perform various actions, including:

• Account funding
• Real trading
• Demo account
• Profile settings
• Verification
• Transaction history
• Withdrawal requests.

Verification

All clients of NPBFX are required to undergo a verification process, which involves providing certain documents. You can provide a scanned copy or a high-quality photo of your passport, national ID card, or driver’s license. These documents should clearly display your full name, date of birth, and a recent photograph. Also, you will need to provide proof of your residential address. Accepted documents typically include a utility bill, a bank statement with your residential address, or an official government document such as a tax statement or residence certificate.

Trading Software

NPBFX offers the widely recognized MetaTrader 4 platform for trading. The terminal provides multiple options for accessing and using its features. Users can choose to download the desktop version on their PC, install the mobile app for trading on the go, or simply access the web-based version.

MetaTrader 4 offers a user-friendly interface that allows for seamless trade execution with just a few clicks. Traders can access a variety of financial instruments and trade them with ease. The platform also supports the use of trading advisors (Expert Advisors) for automated trading strategies. Additionally, the Instant Execution method guarantees fast and reliable order execution. As for the own NPBFX platform, it is not as popular and has fewer features

How Can I Trade With NPBFX?

The company offers brokerage services to traders in the Forex and CFD markets.

All Info About Accounts

NPBFX provides three types of accounts, including a cent account and a demo account, tailored to different categories of traders.

1. The first type requires a minimum deposit of 10 euros/dollars, with a minimum lot size of 0.01. Traders can access leverage of up to 1:1000, and the spreads start at 0.8 pips (averaging around 1.2).
2. The second type requires a minimum deposit of 5,000 euros/dollars, with a minimum lot size of 1.0. The spreads start at 0.6 pips.
3. The third type requires a deposit of at least 50,000 euros/dollars, offering leverage of up to 1:200 and a minimum lot size of 1. The spreads start at 0.4 pips.

There are no commissions for opening trades across all account types. Clients are allowed to engage in scalping and short-term trading strategies. Additionally, NPBFX provides the opportunity for copy trading through ZuluTrade, a social trading platform that allows traders to replicate the trades of other investors. They also offer their own proprietary platform, NPB Invest, which enables clients to copy the trades of successful traders or become trade managers themselves.

Market Analysis and Education With Npbfx.com

As part of its analytical services, the company offers:

1. Daily reviews and forecasts.
2. Trading signals.
3. Analyst chat.
4. Up-to-date calendars and convenient trader calculators.

All these analytical services are accessible to clients free of charge directly from their personal accounts. However, it is important to note that while NPBFX provides these services, they cannot guarantee the accuracy or reliability of the forecasts, especially of the trading signals.

Deposit, Withdrawal, and Fees

NPBFX offers multiple options for depositing and withdrawing funds, including:

• Credit/debit cards
• Electronic payment systems
• Wire transfers

It’s important to note that while NPBFX does not charge fees for most deposit and withdrawal methods, fees may be applicable for withdrawals via wire transfer. Additionally, it’s worth considering that the customer’s bank may also impose its own commission or fees for these transactions.

How Can I Contact It?

NPBFX provides standard communication methods for reaching customer support. These include a single international phone number, a couple of email addresses, and a live chat feature on their website. However, it’s worth noting that getting through to their support team can sometimes be challenging. Customers may experience delays or difficulties in receiving timely responses to their inquiries.

Another aspect to consider is that not all employees of NPBFX are proficient in English. This language barrier can occasionally lead to miscommunications or difficulties in fully understanding and addressing customer concerns.

Is NPBFX Dangerous?

You might have initially thought that this broker is wonderful and worth collaborating with, but hold your conclusions. We are now ready to unveil the truth.

How Long Does The Broker Work?

Certainly, it’s rare to find brokers in the industry that have been operating since 1996. However, you know what? NPBFX is not one of them either. Domain verification reveals that it was only registered in 2014. Moreover, the company was only incorporated in St. Vincent and the Grenadines in 2018.

How Is NPBFX Regulated?

In reality, NPBFX operates without proper regulation. You may argue and mention its license from the Comoros Union. However, it’s essential to understand the nature of this jurisdiction. It’s highly unlikely that a regulator from a mini-state with a population of 800,000 can guarantee the necessary security for your transactions and dealings with the broker. As for the other legal aspects, the regulator in St. Vincent and the Grenadines does not license or oversee online brokers. Once again, NPBFX falls short in this regard. Lastly, the so-called Financial Commission is merely a self-regulatory organization. Not only can membership be obtained through a fee, but it also frequently resolves disputes not in favor of traders.

Frequently Asked Questions (FAQ)

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Expert Opinion

It’s worth noting an intriguing fact about NPBFX: it once enjoyed considerable popularity in Russia. However, even there, the regulatory question remained unresolved. To my knowledge, the country’s main regulator, the Central Bank of Russia, blocked their website and added it to their blacklist. It seems that NPBFX decided to set its sights on new horizons after that. Well, talk about a change of scenery!