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NPBFX

8.2
Total score

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Broker NPBFX  has been providing brokerage services to clients since 1996. Until 2016, the company operated under the brand of NeftepromBank with a license from the Bank of Russia. As a result of the rebranding in 2016, NPBFX relinquished its license from the Russian regulator and joined the independent international organization Financial Commission. The Financial Commission is in charge of resolving financial disputes and has a compensation fund of up to 20,000 euros per trader.

Today NPBFX is a broker with an impeccable reputation, operating under the STP/ECN model, which eliminates conflicts of interest. The company’s portfolio covers a wide range of clients: private traders with classic strategies, algorithmic traders and scalpers, legal entities and funds, as well as traders who prefer passive trading.

  • Account currency

    USD, EUR, RUB

  • Minimum deposit

    10 USD, 10 EUR, 500 RUB

  • Leverage

    1:100-1:200/1:1000 (depending on account type and trader's jurisdiction)

  • Spread

    From 0.4-0.8 points (depending on the type of account)

  • Instruments

    Currencies, gold, silver, oil, gas, stocks, ETFs, cryptocurrencies

  • Margin call / Stop out

    no/30

Pros

  • Competitive market prices: NPBFX offers traders the best market prices backed by the liquidity of Tier 1 banks and leading ECN systems (Integral, Currenex, Hotspot).
  • Protection of clients' interests: Participation in the Financial Commission provides traders with a guarantee of payment of up to €20,000 per claim.
  • Social Trading: The ability to use ZuluTrade's independent platform for social trading.
  • Favorable trading conditions: Minimum deposit from 10 USD and leverage up to 1:200/1:1000 make trading affordable and flexible.
  • Support for various strategies: NPBFX welcomes the use of all trading strategies including scalping, hedging/locking and algorithmic high frequency trading on all account types.

Minuses

  • Trade Copying Speed: Compared to other brokers, NPBFX does not have the fastest trade copying speed on the ZuluTrade platform.
  • No MT5 platform: The broker does not offer the MT5 trading platform, which has unique advantages over MT4.
  • Lack of regulatory license: NPBFX is not licensed by traditional financial regulators. The company is a member of the independent organization Financial Commission, which does not always protect traders' interests and does not have the authority to enforce fines from brokers.

Customer geography

  • Montenegro
    26.24%
  • Kazakhstan
    25.94%
  • Russia
    17.99%
  • Ukraine
    7.35%
  • France
    1%
  • Latvia
    0.97%
  • Algeria
    0.9%
  • Singapore
    0.8%
  • South Africa
    0.8%
  • Germany
    0.3%
  • Others
    8.71%

Expert evaluation

James Anderson
Financial analyst, exper

In 2016, following its rebranding, NPBFX broker NPBFX focused on two key areas: improving data processing technologies and developing social trading. With direct access to Integral and Currenex ECN networks, traders can enjoy instant order processing speed and tight spreads, even in high volatility and tight liquidity conditions. Order execution on the MT4 platform takes only 50-70ms, which is significantly faster than the average market time of 100-300ms. This makes NPBFX an excellent choice for scalping, high-frequency algorithmic trading and trading on news.

Social trading with NPBFX is realized through a long-term partnership with the ZuluTrade platform. This integration allows to copy trades of thousands of traders from more than 180 countries with minimal delay. ZuluTrade’s free tools help you create effective risk management systems to protect against potential losses.

NPBFX is suitable for both beginners and professionals. Beginner traders are offered an account with a deposit from 10 USD, which is ideal for intraday strategies. For professionals, an Expert account is available with conditions optimal for the use of trading advisors. Traders praise NPBFX for its reliability and quality of services.

Analysis

8.2
Overall score
7.9
Order execution
8.5
Investment instruments
8.3
Withdrawal speed
8.1
Customer support performance
7.8
Number of instruments
8.6
Trading platform
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Ribeit

NPBFX broker offers its clients a unique opportunity to receive rebates of up to 60% of each trade. This program is designed to reduce trading costs and increase trading profitability, which makes it attractive for both beginners and experienced traders.

Main advantages of NPBFX rebate

  1. High rebate percentage: Traders can receive up to 60% of each trade, which significantly reduces overall trading costs.
  2. Accessibility for all clients: Registration in the rebate program is available to both new and already registered clients of the broker.
  3. Free of charge: Participation in the program does not require additional commissions or fees.

Terms and peculiarities of the rebate

  • Payouts: Clients can receive up to $7 per lot. The maximum monthly payout is $10,000.
  • Real Money: All payouts are made with real money that can be withdrawn immediately, not bonus funds.
  • Minimum volume of trades: Rebates are credited for all trades over 0.01 lots.
  • Variety of instruments: The program covers trades in currencies, energy, cryptocurrencies and indices.
  • No restrictions on strategies: Traders can use any strategies and trading methods without restrictions.
  • Monthly payments: Funds are credited to the account once a month, within 10 days after the end of the billing month.
  • Master accounts support: Only Master accounts can be connected to the program.

How to join the NPBFX rebate program

Connecting to NPBFX’s rebate program is simple and affordable:

  1. Online Registration: Create an account on the official NPBFX website.
  2. Master Account Opening: Open a Master account and deposit $100 or more.
  3. Send Request: Send a request to info@npbfx.com with your account number.
  4. Confirmation from NPBFX: After confirmation from the broker, all new trades on your account will be included in the rebate program.

Trading conditions

NPBFX broker offers optimal trading conditions for all categories of clients. For beginners there is an account with a starting deposit of only 10 USD, while professional traders can take advantage of STP/ECN accounts with different levels of leverage adapted to each type of account.

Trading platform and infrastructure

NPBFX uses the classic MetaTrader 4 platform, which is ideal for working with custom indicators, scripts and Expert Advisors. The company’s servers are located in the Equinix NY4 data center (New York), providing direct access to the world’s largest liquidity providers. This allows NPBFX clients to receive high speed order execution with minimal delays.

Spreads and trading conditions

All NPBFX accounts have a narrow floating spread:

  • Master account: spreads start from 0.8 pips.
  • Expert account: spreads start from 0.6 pips.
  • VIP account: spreads start from 0.4 pips.

All account types support scalping, hedging and locking positions. Traders can use Expert Advisors and robots to automate trading. There is a special Swap Free account for Muslims, which complies with Shariah requirements.

Social trading and affiliate programs

Clients who prefer social trading can connect to the popular ZuluTrade platform, which allows copying trades with an average speed of 200-500 ms. Alternatively, the AutoTrade social trading platform from the analytical portal MyFxBook is offered.

For passive income NPBFX offers two types of affiliate programs with high rewards for attracting new clients. Partners are given access to the Dow Jones news feed, which helps them stay up-to-date with the latest developments in the financial markets.

NPBFX trading conditions are designed to meet the needs of both novice and professional traders. High speed of order execution, tight spreads, flexibility in using different strategies and a wide range of platforms make NPBFX an attractive choice for all categories of traders. Affiliate programs and support for social trading provide additional opportunities to generate income and optimize the trading process.

  • Trading platform

    МТ4

  • Accounts

    Demo, Master, Expert, VIP

  • Account currency

    USD, EUR, RUB

  • Deposit/withdrawal

    Visa, Mastercard, Webmoney, QIWI, FasaPay, AdvCash, YooMoney, Skrill, Ngan Luong, Neteller and other local payment systems, SEPA, SWIFT, Local Bank Transfer for SEA (for IDR, MYR, VND, THB, RUB currencies), cryptocurrencies. The options of payment methods may vary depending on the jurisdiction, the full list can be seen in myAlpari after registration

  • Minimum deposit

    10 USD, 10 EUR, 500 RUB

  • Leverage

    1:100-1:200/1:1000 (depending on account type and trader's jurisdiction)

  • PAMM accounts

    no

  • Minimum order

    From 0.01-1

  • Spread

    From 0.4-0.8 points (depending on the type of account)

  • Instruments

    Currencies, gold, silver, oil, gas, stocks, ETFs, cryptocurrencies

  • Margin call / Stop out

    no/30

  • Liquidity provider

    no data

  • Mobile trading

    yes

  • Affiliate program

    yes

  • Order execution

    Instant Execution, Market Execution

  • Trading features

    It is allowed to set orders inside the spread. There are Islamic accounts

  • Contests and bonuses

    yes

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Commissions

The analysts conducted a detailed analysis of NPBFX trading conditions to identify explicit and hidden commissions. As a result of the research, the following conclusions were made:

Spreads

  1. Dependence of spread on asset type: The stated spread varies depending on the asset. For example, on the Master account, with a stated minimum spread of 0.8 pips for currency pairs not categorized as “majors”, the spread can be more than 1.6 pips. Exact spread values can be found in the specification on the official website.

Fees on accounts

  1. Zero account commission : For Zero account with zero spread the stated commission of 8 USD applies only to currency pairs. For other assets the commission can be 15-20 USD, which should be taken into account when planning your trading.

Deposit and withdrawal fees

  1. Deposit : Deposits via bank transfers are subject to a fee.
  2. Withdrawal: There is no withdrawal fee for the first transaction only. Subsequent transactions may incur additional fees.

Although NPBFX offers competitive trading conditions, it is important for traders to consider asset type spreads and potential fees associated with deposits and withdrawals. A thorough review of the specifications and terms and conditions will help avoid unexpected costs and optimize your trading strategy.

Account type
Spread / commission
Withdrawal fee
Master
from 8$
Yes
Expert
from 6$
Yes
VIP
from 4$
Yes
Zero
from 8$
Yes

Broker Overview

NPBFX positions itself as an ECN/STP broker providing direct access to major Tier-1 liquidity providers and ECN platforms. This ensures fast order execution speeds and better prices due to the high volume of trades. Traders can expect trades to be executed within 50-70 milliseconds, which is much faster than the market average (100-300 ms).

Technology and trading platforms

NPBFX uses the MetaTrader 4 (MT4) platform, which is ideal for working with custom indicators, scripts and Expert Advisors. The company’s servers are located in the Equinix NY4 (New York) data center, which ensures minimal latency and direct access to the world’s largest liquidity providers.

Types of accounts

The broker offers four types of accounts, each of which is designed for different groups of traders:

  • Master: Classic STP account for beginners with minimum deposit from 10 USD, spread from 0.8 pips (average – 1.2 pips) and leverage up to 1:200/1:1000 depending on jurisdiction. The minimum transaction volume is 0.01 lots.
  • Expert: Account for professionals and algorithmic trading with minimum deposit from 5000 USD, spread from 0.6 points (average – 1 point) and leverage up to 1:100/1:200. The minimum transaction volume is 1 lot.
  • Zero: ECN account for professional traders with a minimum deposit of 1500 USD. There is no spread, but a fixed commission of 8-10 USD per lot for currency pairs and up to 20 USD for other assets is charged.
  • VIP: Account for institutional investors with minimum deposit from 50 000 USD, spread from 0.4 pips (average – 0.8 pips) and leverage up to 1:200. The minimum transaction volume is 1 lot.

A demo account is available to familiarize yourself with the platform functionality and practice strategies.

Trading assets and strategies

NPBFX provides a wide range of trading assets, including currency pairs (including exotic ones), stocks, ETFs, CFDs on indices and cryptocurrency pairs. The broker supports all popular trading strategies: scalping, hedging, locking, algorithmic and high-frequency trading (HFT).

Social trading and affiliate programs

NPBFX offers social trading opportunities through MyFxBook’s ZuluTrade and AutoTrade platforms.

  • ZuluTrade: A social trading platform with advanced tools to manage risk and create investment portfolios from strategies of different traders.
  • AutoTrade: A simplified platform for beginner traders to copy trades and learn to analyze trading statistics.

Clients can also connect to MQL5 community signals directly from the MT4 platform.

Useful services and tools

Various tools and services for traders are available on the NPBFX website:

  • Analytical portal: Daily reviews of trading assets, macro and microeconomic statistics, access to chat with an analyst.
  • Trading Signals: Forecasts for more than 20 assets, including oil, stock indices and metals. Available in your personal cabinet after registration.
  • Trader’s Calculator: Tool for calculating pip value, swaps, margin and potential profit/loss.

Bonuses and loyalty programs

NPBFX offers various bonuses and loyalty programs:

  • Loyalty program: Gifts for fixed volume of closed trades.
  • Cashback: Refund of up to 60% of the spread on Master account with a deposit of 100 USD or more.
  • Loss Reimbursement: Compensation of up to 50% of funds on losing trades if certain conditions are met. The promotion is held periodically and has a limited validity period.

NPBFX offers competitive trading conditions and a wide range of services, including social trading, bonus programs and useful analysis tools. With high order execution standards and a variety of trading assets, NPBFX is suitable for both beginners and experienced traders.

Advantages

  • Insurance fund for each client claim - 20,000 euros: Each client claim is protected by an insurance fund of up to 20,000 euros. Payouts are guaranteed by the independent financial organization Financial Commission, which provides additional security and protection for traders.
  • Narrow market spreads - between 0.8 and 1.2 pips: NPBFX offers competitive spreads ranging from 0.8 to 1.2 pips. This allows traders to reduce trading costs and increase potential profits.
  • Reliability guaranteed by the reputation of one of the largest banks in Russia: NPBFX maintains a high level of reliability and trust due to its reputation based on many years of experience in cooperation with one of the largest banks in Russia.
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NPBFX personal account overview 

Follow these steps to open a live trading account on the NPBFX broker website:

Step 1: Registration

  1. Click the “Register” button on the main page of the site. The second option is to go to the trading conditions page and click the “Open an account” button.

Step 2: Enter personal data

  1. Enter your personal information, including your e-mail address and phone number.
  2. Receive confirmation codes to the contact details provided and enter them into the registration form.
  3. After that you will be granted access to your personal cabinet. To fully utilize the functionality of the cabinet, you need to pass verification by uploading the necessary documents.

Step 3: My Account

The following functions are available in the NPBFX personal cabinet:

  1. Financial operations: Depositing and withdrawing funds, viewing account statistics.
  2. Trading accounts: Opening a signal account (demo account for copying trades).
  3. Affiliate Programs: Manage affiliate programs and view statistics.
  4. Promotions: Manage promotions.
  5. Personal profile : Adjust personal profile, upload documents for verification.
  6. Analytics: Access to analytical portal and reviews of trading strategies.
  7. Offer: Client agreement and other important documents.

Opening a live trading account with NPBFX is a simple process that provides access to a wide range of features and tools for successful trading. Follow the above steps to get started with one of the reliable brokers in the market.

Answers to questions

  • What types of trading accounts does NPBFX offer?

  • What trading platforms are available for NPBFX clients

  • What is the speed of order execution at NPBFX

  • What are the terms and conditions of NPBFX's rebate program

  • What security measures does NPBFX provide for its clients

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