Nefteprombank or commonly known as NPBFX is an online broker that offers Forex trading services and Contract For Differences (CFDs) worldwide. The company was established in 1996 and is regulated by the International Financial Services Commission (IFSC).
NPBFX was one of the very first brokers in the trading industry to offer an innovative technology called Straight Through Processing (STP) and No Dealing Desk (NDD).
NPBFX started to use MetaTrader 4 in 2011. This platform enables clients to make transactions with tier one global investment banks such as JPMorgan, Goldman Sachs, Citibank, and Morgan Stanley.
NPBFX’s Trading Conditions
There are many advantages in choosing NPBFX.
NPBFX has been working in the Forex industry since 1996. This broker earned its deserved reputation as a trustworthy and long-established brokerage service. It boasts of excellent customer service and makes use of various Forextechnology including STP and NDD.
All transactions are based on fair market prices and there is no conflict of interest. It offers high quality and fast transaction process thanks to its advanced hardware and software technology
All trading strategies are accepted by this broker and always available including algorithmic trading and High-frequency trading (HFT).
As a member of the Financial Commission, NPBFX customers could gain benefit from its compensation fund worth $20,000 per client.
In addition to this, NPBFX has a multilingual portal with exclusive videos and analytical materials as well as efficient tools for forecasting market prices.
It has also partnered with MetaQuotes to offer MetaTrader 4.
NPBFX also allows for free deposits and withdrawals through a various range of methods such as MasterCard, WebMoney, Skrill, Yandex, Visa, SWIFT, QIWI, Maestro, Neteller, and Fasa Pay.
The firm makes its support team available 24/5 every week to different clients all around the world from 22:00 GMT on Sunday to 21:00 GMT on Friday
Other transactions could be scheduled through NPBFX’s phone dealing services or via trading terminals.
NPBFX’s Available Account Types
It is easy to register inany NPBFX’s trading accounts. This broker offers three different account types to choose from to accommodate the trader’s needs. Each account type has its own impressive features.
NPBFXMaster Account
The minimum deposit for this account is at $10, 10 Euros, or 500 Rubles
It spreads start from 0.8 pips (average 1.2 pips), the minimum trade volume is at 0.01, and the leverage is at 1:200. As financial instruments, the firm offers 38 currency pairs, silver, gold, natural gas, and oil. The currencies available for funding accounts are the US Dollar, Euro, and Ruble.
Swap-free accounts are also available and no restrictions are made on Stop/Limit order.
Expert Advisors are also provided by NPBFX through this account as well as Scalping and Hedging.
The Stop out level is under 30%.
NPBFXExpert Account
The minimum deposit for this account is at $5000, 5000 Euros, or 300,000 Rubles.
This account gives access to MetaTrader 4 trading platform for PC, iOS, and Android as well as NPBFX Trader. As financial instruments, the firm offers 38 currency pairs, silver, gold, natural gas, and oil. The currencies available for deposit are the US Dollar, Euro, and Ruble
Swap-free accounts are also available and no restrictions are made on Stop/Limit order.
It spreads start from 0.6 pips (average 1.0 pips), the minimum trade volume is at 1.0, and the leverage is at 1:100.
The Stop out level: is held under 30%
NPBFXVIP Account
Much like the other two accounts, this account gives access to MetaTrader 4 trading platform for PC, iOS, and Android as well as NPBFX Trader. As financial instruments, the firm offers 38 currency pairs, silver, gold, natural gas, and oil. The currencies available for deposit are the US Dollar, Euro, and Ruble
Swap-free accounts are also available and no restrictions are made on Stop/Limit order.
It spreads start from 0.4 pips (average 0.8 pips), the minimum trade volume is at 1.0, and the leverage is at 1:100. And similar to the previous account, the minimum trade volume for the NPBFXVIP Account is at 1.0, and the leverage is at 1:100.
Expert Advisors are also provided by NPBFX through this account as well as Scalping, HFT, and Hedging.
Like the other accounts, the Stop out level is held under 30%.
Demo Account
NPBFX also offers its potential clients the opportunity to open a demo account that is free of charge which would allow them to try out the broker’s trading platform and services.
Conclusion
NPBFX is an online Forex and CFD broker established in 1996. This broker works with clients of all kinds from different parts of the world including individual traders who have their own trading strategies. It also accepts scalpers, HTF traders, algorithmic traders, and high volume traders. NPBFX caters institutional clients including corporate clients, hedge fund operators, and other brokerage companies.