Being a direct division of “Nefteprombank”, NPBFX lets customers trade different currency pairs, gold, and natural gas. It is a commission-free broker compatible with MT4, ZuluTrade, and iPhone Trader.

NPBFX is by its nature a direct division of “Nefteprombank”, a well-known Joint Stock Oil-Industrial Investment Commercial Bank in Moscow, Russia. The broker works on the trans-border currency market since 1996, but in 2016 it appeared under the new brand. The company’s performance is regulated by IFSC in Belize.

Being a member of the Financial Commission, NPBFX offers users a rich choice of trading opportunities. Here, one can merchandize over 35 currency pairs, precious metals, and natural gas. It’s interesting to note that this website is aimed at individual market experts, while legal entities obtain brokerage services from “Nefteprombank”. The software is aimed, first of all, on Russian-speaking clients, though it is actively used in other parts of the Globe.

What Is Good and What Is Bad about the Platform?

The service has a variety of advantages:

  • It offers users competitive spreads;
  • The period of order handling is only 60 MS;
  • There is a $20 non-deposit bonus;
  • The system allows scalping;
  • There are no fees for transactions;
  • You can open a free demo-account to check the opportunities of the website;
  • With this service, one can trade via MT4, Myfxbook AutoTrade, and ZuluTrade;
  • The website supports all methods of money withdrawal and depositing;
  • The customer service works in 7 languages, including Indonesian and Malay;
  • NPBFX is also compatible with MT4 for Mac, iPhone Trader and Mobile Trader.

Nevertheless, some features of this solution are far from ideal:

  • The system is regulated by IFSC only; it doesn’t fall under any other jurisdictions;
  • It offers a limited number of currency pairs and trading opportunities;
  • There is low leverage (from 1:1000 to 1:200) in this ecosystem;
  • It’s an offshore platform with single regulation.

Accounts and Trading Conditions

On the website of NPBFX, one can select one of the three pricing plans:

Master. The minimum deposit size for this account type is $10 or 500 RUB. The smallest trade volume is 1,000 units of the base currency, while the leverage rate is 1:1000.

Expert. Here, the spread is from 0.6 pips, the smallest deposit is $5,000, and the trade volume starts from 100,000 units.

VIP. In this pricing plan, you can start trading with 3,000,000 RUB on your account. The leverage for VIP clients amounts to 1:200.

For all the accounts, the broker offers automated dealing with the help of Expert Advisors, scalping and high-frequency trading. The orders are processed instantly, without hidden fees and charges. Withdrawals are handled within 24 hours. The website provides a variety of payment options, including credit cards, Neteller, WebMoney, Skrill, and so on. All the expenses associated with money transfers are covered by the broker.

There is also an Analytical Section in the platform with live dealing examples, educational classes and seminars. Besides, you’ll find a variety of trading signals for ten technical indices.

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