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NPBFX Review & Opinions: Is it reliable and safe in 2024?

3.7 / 5

NPBFX has been in forex market since 1996. Currently, it is one of the few organizations that uses a special business model of transferring all transactions to the interbank market through STP/NDD systems. This option avoids conflict of interests with clients.

General Information

From the first day of its foundation, the broker has been striving for leading positions in domestic and international market providing traders with high quality services. The company’s activities in forex comply with international standards of work. Until 2016, the broker provided services to private and corporate investors on behalf of the Russian bank Nefteprombank. Currently, the company continues to cooperate with corporate clients.

Services for private investors were transferred to NMarkets Limited, an international company incorporated in Saint Vincent and the Grenadines. It provides favorable conditions for investors of all levels using a variety of trading strategies, from scalping to long-term trading. Trading is carried out through one of the most common online platforms – MetaTrader 4 – a program with a variety of analytics, social trading and training.

Advantages and Disadvantages

More than 100 trading instruments including currency, crypto, energies, indexes, shares and CFDs.

Minimum deposit of $10

Demo account for beginners.

Islamic accounts without commission.

Broker service model – the company’s earnings are formed from trading turnover.

Instant execution of transactions – traders can open and close transactions at the most profitable quotes.

Ability to use any trading strategies.

Professional analytics – access to a special service is provided, which contains a large amount of thematic materials, video reviews and effective tools for forecasting market trends.

Deposits without commission almost regardless of the chosen method.

24/5 technical support.

Investment services and copy-trading such as ZuluTrade, MyDigitrade or NPB Invest.

Access to liquidity of the foreign exchange markets through STP.

Promotions, contests, special offers that are valid for customers on an ongoing basis: Gifts for transactions, Cashback up to 60%, Compensation of losses, Account transfer, etc.

No European license.

Only one program for trading – MetaTrader 4.

Withdraw funds without commission only once.

Trading Conditions

Conditions offered by the broker are designed for investors working with traditional strategies, algorithmic traders, scalpers. Clients interested in liquidity for large trading volumes can also use the services of a broker. In addition existing conditions are relevant for institutional traders and NPBFX partners, including other financial companies, hedge funds, corporate clients, as well as investors with personal needs.

Users have 38 currency pairs, wide range of CFD, shares and indexes as well as energies and crypto. For all groups of trading instruments, the broker provides accurate information, including the minimum size of spreads. There is a detailed breakdown of the margin requirements for each individual instrument. Spreads – from 0.4 pips. The starting lot is 0.01. Leverage – up to 1:1000. Trader can choose execution type by himself from Market Execution and Instant Execution. It is allowed to open transactions within the spread (there is no “freeze”). Scalping and high-frequency trading are supported.

Trading platform

Clients are provided with access to MetaTrader 4, a popular trading and analytical platform used by many companies. MT4 has a wide functionality, which is quite enough for successful trading, risk management, analysis and strategic planning.

Advantages of the platform are: quick execution in automatic mode, hedging of open transactions, trading with minimal risk due to the recommendations of Expert Advisors. Also, traders can use the current feed of financial news online.

Trading Platform

There are three account types for clients.

Master – initial deposit – $10 / 10 euro / 500 rubles, leverage – 1:1000, minimum lot – 0.01, minimum transaction step – 0.01. Execution types supported – Market Execution, Instant Execution. No commission is charged for transactions.

Expert – initial deposit – 5 000 USD / 5 000 euro / 300 000 rubles, leverage – 1:200, minimum lot – 1.0, minimum transaction step – 0.1. Execution types supported – Market Execution, Instant Execution. No commission is charged for transactions.

VIP – initial deposit – 50 000 USD / 50 000 euro / 3 000 000 rubles, leverage – 1:200, minimum lot – 1.0, minimum transaction step – 0.1. Execution types supported – Market Execution, Instant Execution. No commission is charged for transactions.

Opening an Account and Withdrawal of Funds

Clients can open account in the section “Open account”. After indicating chosen account type in the registration window, you need to specify personal data such as: valid e-mail and mobile phone number. Upon completion of registration every client is given access to his personal account. The account becomes active only after minimum deposit specified in the terms of service was made.

There are several ways to make a deposit. Bank cards: Visa, MasterCard and Maestro. Electronic payment services: WebMoney, Qiwi, Yandex.Money,, FasaPay, Skrill, NETELLER, Payoma, NganLuong. You can also deposit funds using a local online banking transfer available depending on your country of residence. There is no deposit fee.

Withdrawal is possible to the cards of the specified systems, electronic payment systems or through online banking. Commission for the first operation – 0%. Subsequent transactions are performed on a paid basis. Bank transfer is possible with commission of 50 usd / 50 EUR + 1%.

Demo Account

Everyone can get a demo account with access to virtual money. With its help, you can open positions on various assets at current market quotes without the risk of financial losses. Demo account allows users to learn and practice trading, master trading platform and its capabilities, test strategies using up-to-date quotes, familiarize with the terms of service, observe spreads and quotes.

Mobile Trading

MetaTrader 4 trading terminal is available on Android and iOS mobile devices. To be able to trade from anywhere in the world you need to download the appropriate application in the Play Market or AppStore. The programs are completely free.

Trader Training

There are several training programs and analysis in special section on the company’s website. Courses and seminars are designed for both beginners and experienced traders looking to improve their skills. NPBFX cooperates with leading training centers to develop several training programs. Materials can be used by all categories of investors.

Trading video courses are the fastest way to learn how to work in the market. In the free analytical portal of the company, 10 thematic video courses are openly available.

Electronic Tutorial for inexperienced traders to study the “Beginner’s Guide to Forex Trading”. The book includes the following sections: Fundamentals of Trading, Fundamental Analysis, Technical Analysis, Trading Psychology, Risk Management.

In addition to all above the broker offers full training for various trading strategies. At the moment, there are training materials for more than 60 trading systems. The list of systems includes tools for scalping, medium and long-term trading. Signals from strategies are received based on technical analysis indicators (23 in total) on 9 trading timeframes and during all world sessions.

Trading Strategies

MT4 terminal allows traders to apply a variety of trading strategies, including scalping and HFT trading. You can create your own strategies based on studying market trends, use social trading or a expert advisor.

Social trading at NPBFX is represented by the ZuluTrade, Mydigitrade and NPBInvest. Users are given access to the traders’ database to copy the operations of the most successful of them. The list of investors is sorted based on the efficiency algorithm. With platforms traders can manage their accounts without any restrictions. Access to additional features is provided. For example, to the ZuluGuard option in ZuluTrade, which protects against copying high-risk trades.

In addition, Swap Free account (Islamic account) is available to investors, i.e. access to the account without performing the “swap” operation in case of the transfer of existing positions to a future day. The service applies to traders who cannot apply swap transactions based on religious principles.

Moreover, individual analytical support is available in the analytic portal. Direct communication with experts is open on weekdays.

Regulation and Dispute Resolution

NPBFX is a full member of The Financial Commission. This structure provides professional resolution of conflicts arising between brokers and investors. It guarantees full customer protection and promises payments from the compensation fund. All traders who use the services of NPBFX are subject to protection. Payments are made if the broker refuses to comply with the decision of this structure. The maximum amount of compensation for one claim is 20 000 EUR.

Should I Trade with NPBFX?

The broker has been on the market for over 20 years, has an international license and has a high level of reliability. Trading conditions are suitable for both beginners and experienced investors. Any strategy can be effectively used, there are no restrictions for achieving a positive result. There is support for a variety of payment services for deposit and withdrawing profits. Newbies and experienced investors have the opportunity to gain and expand knowledge, learn to trade in the market through special video tutorials, programs, e-books and consultations with the company’s experts.

Clients os the company can get additional source of income through an affiliate program. The essence of the offer is to attract new clients to the company for long-term trading. Commission is calculated from the trading turnover of the attracted user, as well as in the form of one-time payments from a new client’s deposit or for each registration of a potential trader.

The company has several drawbacks, but they are insignificant and generally do not affect the quality of service, which is confirmed by numerous user reviews. NPBFX can be recommended to traders in forex, since it has an excellent reputation and favorable terms of cooperation.

Reviews on NPBFX

Comments about NPBFX
( 7 )
User rating: 4.4 / 5

Comments: 7

  1. avatar

    This broker is a scam if only I had read about them before going into trade with them. ???? they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail
    Email: harperjamesplatform at gmail . com


  2. avatar
    Diana Duncan

    It’s exceptionally hard to believe that this business was founded with the intention of causing customers and investors to lose money and regret their decisions. I was very foolish to have joined this fraud, and I first lost some money as a result. However, with the assistance of experts from Cp-investigation (.) com I was refunded and advised to be wary of most investing firms out there.


  3. avatar
    Stacy Thompson

    Coinfx is a big scam, I paid a huge amount with nothing in return, as they promised %100 payout.They tricked me, into putting my hard earned money with hope to get something in return, they didn’t allow me to make withdrawal. All they wanted is to steal my money. But I went ahead and file a refund case against them to recover my money with the help of a recovery expert, which I’m I contacted (rogermartin860@ gmailcom) and his team, who restored my money back, you can reach him out for help also,I guess am not the only victim many people might need this information.


  4. avatar
    Luke cane

    Approximately three months ago I got a text from the support. I started depositing money to them using their Al system to trade by myself but the system kept requesting for more funds while they was trading everyday the amount yield good value in my account. Today I have reached the system about withdrawing my money but not responding. Until I came across a recovery specialist called Gavin ray he took up the case and recovered my asset from the platform get intouch with him on mail gavinray78 gmail com


  5. avatar


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  6. avatar
    Jay Doris


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  7. avatar

    I read so many stories about bitcoin loss to scams. I will like to start by saying the agencies responsible for bitcoin security has really done nothing to help locate stolen or lost coins. In my situation my MacBook was hacked by someone that had access to my emails, i immediately contacted blockchain and they only wasted my time, after which i worked towards getting help else where, i was referred to consult a bitcoin expert who helped track and retrieved my 3.3 btc, for an agreed fee. I was more than grateful, Thankful i didn’t fall victim and would like to recommend ( MORRIS GRAY 830 @ G maiL . COM )….


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