The trading conditions, including minimum deposits, spreads, and leverage, are overall very competitive. NPBFX is suitable for novice and experienced traders, thanks to its extensive educational program, various account types, and set of trading instruments. The broker is particularly noteworthy for those who value quality technical analysis and a diversity of trading instruments. This can also be useful for diversifying their trading strategy or increasing their profitability. NPBFX also offers a copy trading platform, NPB Invest, which represents an additional opportunity for investors.
Thus, the company does not charge an inactivity fee nor for withdrawals (payment systems charge), which is an essential plus in favor of NPBFX. NPBFX offers a balanced commission system, making it attractive for traders of various levels. A Swap-free or Islamic account is a trading account without swaps.
Commissions
Yes, NPBFX is suitable for beginners due to its educational programs, demo accounts, and user-friendly trading platforms. NPBFX offers its users highly rated high-quality trading platforms. The leading platform, MetaTrader 4, is widely recognized in the industry for its reliability, extensive functionality, and customization capabilities. Many traders are familiar with this platform, which eases the adaptation process. The broker caters to both novice and experienced traders through its educational programs, variety of account types, and range of trading instruments. Numerous positive user reviews attest to the reliability and professionalism of NPBFX.
- The account opening process with the NPBFX broker appears simple and convenient.
- Automated trading is possible through the connection of expert advisors and the installation of trading robots on the platform.
- Nefteprombank is a joint-stock commercial bank that has been in existence since 1992.
- However, it is essential to consider the high commission charged by payment systems for withdrawals and the potentially long processing time for withdrawal requests.
- Clients can choose programs and types of education that interest them – in-person and distance courses, lectures, video materials, and literature.
Account Types
Yes, NPBFX offers a demo account for traders to practice and familiarize themselves with the trading platform before committing real funds. It is important to note that cashback is credited only to Master type trading accounts. This offer allows traders to optimize their commission costs and increase their income.
How to choose a successful trader?
- Technical support is available five days a week, 24 hours a day, from Sunday to Friday, allowing clients to seek help anytime.
- The Swap Free service is provided to clients who cannot use swap operations due to religious beliefs.
- NPBFX offers its users highly rated high-quality trading platforms.
Let’s consider the leverage for different groups of trading instruments. Therefore, first, you need to select «Trading Account» in the left column of your area, then decide which type of account suits you. Automated npbfx trading is possible through the connection of expert advisors and the installation of trading robots on the platform. However, to withdraw funds from your account, you must complete identity and address verification by uploading documents to the website.
NPBFX reviews
Despite certain drawbacks, NPBFX provides quality service and can be used by most traders. If you want to compare NPBFX with other forex brokers in more detail, go to the Forex Brokers Comparison page. You can download the MT4 platform for free on the official NPBFX website or in the NPBFX personal account area. Funds sent by electronic wallet should arrive within 14 business days. The client can contact the company to investigate the transfer if they do not come.
Registration on the website is done in a few steps and requires a minimum of information. Access to the personal account is granted after email and phone verification. Verification is necessary for funds withdrawal, a standard procedure for most brokers. Additionally, clients can contact their manager, whose details are provided in the welcome email after registering a personal account. This indicates the broker’s personalized approach to customer service.
Trading Platforms
Copying trades of successful traders allows clients to automatically copy the operations performed by professional traders and profit when they profit. Thus, even inexperienced traders can benefit from the knowledge and experience of professionals. All demo accounts are equivalent to trading accounts in terms of performance. The account opening process with the NPBFX broker appears simple and convenient.
Before starting actual trading, you can practice on a demo account. As with most real Forex brokers, it can be registered an unlimited number of times directly in the terminal. The second option is to create it through the personal account area. Account funding and withdrawal options at NPBFX are represented by a wide range of methods, including bank cards, electronic wallets, cryptocurrencies, and bank transfers. This provides traders with multiple options depending on their personal preferences and needs. By funding a trading account with at least 100 dollars, 100 euros, or 5000 rubles, a trader can receive payments to the account for each completed transaction.
This allows the trader to manage larger volumes of funds without significant investments while still getting a realistic understanding of Forex trading. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.