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

by Kevin Berry
  1/5   Reviews: 1
NPBFX - logo

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.


🏛️ Country Saint Vincent and The Grenadines
⚠️ Regulation
🖥️ Website
  • https://www.npbfx.com/en/
  • https://www.npbfxofficial.com/
🎲 Demo Account Yes
⏳ Start Time 2014
💲 Minimum Deposit $10
⚖️ Minimum and Maximum Leverage 1:200-1:400
⚙️ Trading Platform MT4, NPBFX Trader
📨 E-mail info@npbfx.com
📞 Phone +44 800 069-84-70

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.

NPBFX - website

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.


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.

  • Convenient uploading form.
  • The broker does not specify how long the verification of documents will take.

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

Features NPBFX Geratsu  RannForex
Demo Account ✔️ ✔️
Mobile App ✔️ ✔️
Own Development ✔️

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.

  • Low minimum deposit
  • Copy trading.
  • High leverage.

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.

Features NPBFX Mitrade Geratsu
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ❌️️ ❌️️ ✔️
Deposit Fee ❌️️ ❌️️ ❌️️
Withdrawal Fee ❌️️ ✔️ ❌️️

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.

  • Full contacts.
  • No ground office.

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.

NPBFX - domain info

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.

Legal data check

Features NPBFX Fusion Markets Mitrade
European Zone ✔️
Asian Zone ✔️
American Zone
African Zone ✔️
Offshore ✔️ ✔️

Frequently Asked Questions (FAQ)

How to Trade With NPBFX?

You need to register an account, to complete the verification process, and then you can proceed to deposit funds.

Is NPBFX Legit?

NPBFX is considered a legitimate company. However, it is important to note that they either cannot or choose not to obtain proper licenses for their operations.

How Risky Is It?

Trading with NPBFX involves certain risks due to its lack of substantial licenses and registration in offshore jurisdictions. The broker operates without the oversight and regulatory framework that is expected from reputable companies.
Kevin Berry
Ask question
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!

You may also like

NPBFX rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
Leave a review

The level of trust
Quick withdrawal of funds
Efficiency of technical support

1 review about NPBFX

Colleen May 30, 2023 - 10:40
Hello to everyone reading this review. I won't categorize NPBFX as a good or bad broker. Instead, I will share my own experience with NPBFX, and you can draw your own conclusions.
The level of trust
Efficiency of technical support

I made my initial deposit on May 15, 2020, amounting to 1000 euros. While I hadn’t lost the entire deposit, I topped it up by another 1000 euros. It seemed to me that a trader I had paid (not affiliated with NPBFX) was the one who caused me to lose the first deposit. The second time, I deposited 750 euros into my account and started working with a trader from the company named Vladislav Lisov. Unfortunately, this second account also burned out. I thought that the account size was too small to withstand the drawdown. Interestingly, on this second account, Vladislav immediately put my account into negative balance with the first trade, confessing later that he miscalculated the lot size.
In October, Vladislav called me and suggested investing a significant sum of money in Morgan Stanley bank stocks. He claimed there was minimal risk and assured me that stock prices would definitely rise, and so on. The stocks did indeed rise, but he advised me to not only buy 15 lots of stocks, but also 8 lots of different indexes. As a result, due to a margin call, 12 lots of stocks and indexes were closed, and I had to deposit money twice more. When the broker noticed that I was gradually recovering from the drawdown and increasing my deposit, they strongly recommended that I use a robo-advisor. However, after installing this robot, within 2 days, it wiped out all my funds down to the last penny, which amounted to around 22,000 euros at that time. When I filed a complaint with customer support, they responded that they were not responsible for their recommendations. I am convinced that the robot they installed for me was controlled by them, and they used it to open and close around 20 positions within a minute.
After this experience, I learned that they haven’t had a license to provide brokerage services since 2016. In short, they are undoubtedly a scam, and they will not allow you to earn money. I am fully confident that they are fraudsters whose sole purpose is to extract as much money as possible from you and then vanish successfully.


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy