NPBFX Review 2025
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Updated:
Reason to avoid: Offshore license
Listed Date: January 9, 2024
Top 3 Forex Brokers
Beware NPBFX is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: Offshore license
Listed Date: January 9, 2024
Beware NPBFX is a Non-Regulated Broker. It is NOT SAFE to trade
No, NPBFX cannot be considered a reliable option for investment. The broker does not hold any top-tier license. NPBFX is a trading name of NMarkets Limited.
However, both of the registrations are offshore, which means signing with NPBFX carries inherent risks due to the absence of rigorous regulations and supervision. For secure and risk-free trading it is essential to choose brokers with top-tier CySEC, ASIC, and FCA licenses, as robust regulatory oversight plays a vital role in establishing a highly secure trading environment, thus reducing the likelihood of financial losses and other possible complications.
🏢 Registered in | the Saint Vincent and the Grenadines |
🗺️ Type of License | Offshore license |
🛡️ Is NPBFX safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
NPBFX (NEFTEPROMBANK FOREX) has been offering brokerage services in the Forex market since 1996. They provide quotes for 38 currency pairs, along with gold (XAUUSD), silver (XAGUSD), and oil Brent (XBRUSD) & WTI (XTIUSD). NPBFX operates on a broker model, acting as an intermediary between clients and liquidity providers in the interbank foreign exchange market. The company allows customers to employ a wide range of trading strategies without limitations, from traditional trading approaches to high-frequency trading (HFT) and algorithmic trading. NPBFX offers its clients high leverage up to 1:500, copy-trading ZuluTrade, 24/5 customer support in 8 languages, and MetaTrader 4 and its mobile version available on Android, iPhone, or iPad.
Upon closer research, we were able to reveal important points about NPBFX that will help clients make informed decisions:
After conducting our research, we have identified significant concerns regarding the reliability of NPBFX and its compliance with regulatory standards. As a result, we cannot provide a positive rating for NPBFX.
Ranking | NPBFX | Go Markets | Trading 212 |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Instruments | Education |
Due to safety concerns associated with NPBFX, we strongly recommend considering alternative options that offer stringent regulations and improved trading conditions. Below is a list of reputable brokers that provide reliable choices and a secure trading environment for your consideration:
The minimum initial deposit of the broker is 10 USD, 10 EUR, or 500 RUB, depending on the chosen account currency. NPBFX offers several methods for traders to deposit and withdraw funds, including VISA, MasterCard, WebMoney, Wire Transfer, etc.
The broker offers three account types: Master, Expert, and VIP. The account types differ by their features and conditions:
Based on the information we have gathered about NPBFX, this broker does present attractive offerings, including tight spreads and high-leverage options. Nevertheless, there are substantial concerns surrounding the broker’s trustworthiness and credibility. Despite the appealing features and opportunities offered, the fact that NPBFX is registered in an offshore jurisdiction raises significant concerns, and traders are advised to exercise caution when considering this broker.
We strongly recommend traders consider brokers with licenses from reputable authorities such as FCA, ASIC, or CySEC. Numerous regulated brokers offer excellent terms and conditions that align with top-tier regulations, providing a risk-free trading environment. Some noteworthy options include Eightcap, HFM, and FP Markets.
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