NPBFX is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
NPBFX is also a member of The Financial Commission (FinaCom), an independent organization that resolutes disputes.
NPBFX group 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.|
|6 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple.|
|2 Metal Spot CFDs||Based on Gold and Silver.|
|3 Energy Spot CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
NPBFX is a global FX & CFD broker established all the way back in 1996, and currently based out of the classic offshore jurisdiction Saint Vincent and the Grenadines. As is usual in Saint Vincent and the Grenadines, NPBFX is not regulated by any government agency. Instead, the broker 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 Saint Vincent and the Grenadines, 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 what is undeniably a smaller selection of assets than most other brokers we have reviewed here on FX-List. This selection includes roughly 30 FX pairs, a handful of cryptocurrency pairs, as well as commodity CFDs based on gold, silver, oil, and natural gas. NPBFX does, in other words, not offer trading in any shares, nor any stock indices, which is unusual for CFD & forex brokers these days.
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:
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 limited. For those traders who just stick with major FX pairs anyway, however, 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.