NPBFX is a forex broker site that was founded in 1996 and is based in Saint Vincent and the Grenadines. Being a forex broker, it is able to connect traders around the globe to different trading platforms where they can execute their trade upon depositing some funds to their trading account.
NPBFX is well regulated by different financial watchdogs across the globe thus making it safe for traders. Some of the financial watchdogs is SVGFSA(Saint Vincent and Grenadines Financial Service Authority). NPBFX does not allow traders from USA to use its platform.
DEPOSIT AND WITHDRAWAL METHOD
NPBFX provides several ways of depositing and withdrawing funds in their platform. Some of them are neteller, skrill,, visa card, webmoney, QIWI and yandex money. Deposit can take up to several minutes while withdrawal takes several hours or up to 24 hours to some . Traders can deposit as little as $10 to their trading account.
In NPBFX platform, there is one trading platforms being offered to traders. That is MT4. Traders can use both webtrader as well as they can download the app to their computer or their mobile devices.
CATEGORY OF ACCOUNTS
In NPBFX platform, there are three categories of standard accounts being offered. There is Master, Expert and VIP. The different between the three is the minimum fund that a trader can deposit as well as the minimum lot size that traders can open . In Master account , traders can deposit a minimum of $10 as well as they can open minimum lot size of 0.01 lot while in expert and VIP, the minimum to deposit and trade is $5000 and $50,000 as well as 1 lot respectively.
This is the transaction cost that is being charged by brokers whenever a trader opens a certain position. It is the difference between the buy and sell. In NPBFX, there will be a 0.8 and 1.2 pip charged whenever a position is being opened for master account while for expert and VIP, it will be 0.6pip, 1pip and 0.4 and 0.8 pip.
MINIMUM LOT SIZE
In forex trading, lot is the amount to be executed by a trader. 1 lot is equivalent to 100,000 units in forex trading. The minimum lot size for both the master, expert and VIP account that a trader can open in npbfx is 0.01 and 0.1 lot respectively.
This is the borrowing ratio that gives the trader the power to open positions. The maximum leverage that a trader can use in NPBFX is 1:1000. That is, if the trader has $100 in their account, then he/she can be in a position of opening a position size of up to $100,000 if he chooses to use the leverage of 1:1000.
OPENING A TRADING ACCOUNT
Now that you have an idea about NPBFX broker, it is time to open a trading account with them. You can simply follow the link from below and open an account and make sure to upload the required documents in order for your account to be verified;