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NPBFX is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
NPBFX is also a member of The Financial Commission (FinaCom), an independent organization that resolutes disputes.
NPBFX accepts clients from all over the world, excluding USA and Canada.
Forex broker offers the following underlying assets for trading.
| 35+ Currency Pairs | Based on major and minor world currencies. |
| 5 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple. |
| 13 Indice CFDs | Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 60+ Stock CFDs | Based on shares of leading US companies. |
NPBFX is a global FX & CFD broker established all the way back in 1996, and currently based out of the classic offshore jurisdiction the Comoros Union (Mwali). As is usual in the Comoros Union, NPBFX is regulated by the MISA government agency. The broker also has chosen to join the private regulatory organization known as The Financial Commission (FinaCom), which can handle certain disputes between brokers and their clients.
Thanks to the lack of government regulation of forex brokers in the Comoros Union, NPBFX is able to offer significantly higher trading leverage than its counterparts in most other countries. This leverage currently goes as high as 1:1,000 on the most liquid trading instruments on NPBFX, which is among the highest in the industry.
In terms of trading instruments, NPBFX offers a fairly standard selection of assets as most other brokers we have reviewed here on FX-List. This selection includes roughly 30 FX pairs, 10 indices, 60 shares, a handful of cryptocurrency pairs, as well as commodity CFDs based on gold, silver, oil, and natural gas. It is worth mentioning that NPBFX started to offer trading in indices and stocks relatively not long time ago. They didn't offer them until 2020.
When it comes to trading platforms, NPBFX has chosen to rely fully on the classic MetaTrader 4 (MT4) platform, which a large majority of forex traders are already familiar with. This makes it easy for anyone to transition from other brokers and over to NPBFX, while still giving clients access to pretty much every analysis tool imaginable.
As far as account types goes, NPBFX offers the choice between four different options, in addition to a free demo account:
– Master Account
– Expert Account
– VIP Account
– Swap-free Account
Among these account types, the VIP account naturally offers the better deal, with spreads from just 0.4 pips. However, with a minimum deposit of USD 50,000, the account is only available for the very few who can afford it. A more suitable choice for most average traders would probably be the Master Account, which is available for a minimum deposit of just USD 10. This account comes with spreads of 0.8 pips on the most liquid FX pairs, which is not too bad for this type of broker.
Trading accounts can easily be funded with a range of payment methods, including Visa and MasterCard/Maestro, bank wire transfer, as well as a large number of e-wallets such as Skrill, Neteller, WebMoney, FasaPay, Ngan Luong, and others. In addition, local bank transfers are accepted for some Southeast Asian countries, including Thailand, Malaysia, Vietnam, and Indonesia.
Lastly, NPBFX's customer support can be reached Monday - Friday, 24 hours a day via a UK-registered phone number, as well as via email and online live chat.
On a final note, we should say that NPBFX appears to be a pretty good choice for an MT4 broker, although the selection of trading assets is somewhat mediocre. For those traders who mostly stick with major FX pairs anyway, NPBFX can definitely offer everything necessary, including very high trading leverage. We also appreciate the fact that this broker offers 24-hour customer support via phone, although we really believe that is something all serious forex brokers should offer at a minimum.
