Broker NPBFX
It is no secret to all Russian citizens that a new law on the regulation of Forex markets came into force and many leading brokers had to curtail their activities and re-register in so-called offshore zones.
Yes, no matter how strange it may sound, the new law has driven the market even further into the shadows, since unfavorable trading conditions prescribed by the legislator make all Russian brokers uncompetitive.
So, starting from January 1, the largest Russian banking broker Nefteprombank stopped providing services to private clients, namely individuals, and began working only with legal entities (companies, funds).
According to Nefteprombank, NPBFX is its main partner, or more precisely, part of the team from Nefteprombank are the founders of this company and use the bank’s advanced technologies, maintaining the quality of service at such a high level.
Simply put, NPBFX is Nefteprombank, which has changed its registration. As confirmation, I suggest that you familiarize yourself with the response of the Nefteprombank support service to a completely logical question about the similarities between the two brokers:
NPBFX provides its clients with three account types, namely Master, Expert, Vip.
Each of these accounts primarily differs in minimum deposit requirements as well as trading conditions. So, to open a Master account the minimum deposit is 10 dollars, for Expert accounts it is 10 thousand dollars, and for Vip it is from 100 thousand dollars.
After the company was re-registered, trading conditions and commissions became much more profitable.
Thus, the maximum leverage for the Master account type is 1 to 200, and for Expert and Vip 1 to 100. Thanks to the use of STP technology, each transaction goes to a liquidity provider, which provides an incredibly low floating spread.
So, for clients with the Master account type, the spread on the EUR/USD currency pair is only 1.1 points, for Expert accounts, the spread is from 0.9 points, and for clients with large capital, the spread is 0.7 points.
More detailed specifications of currency pairs can be found in the corresponding section. Trading platforms
The brokerage company at this stage provides access to financial markets through the Meta Trader 4 trading platform, as well as its versions for Android tablets and iOS.
Soon the company promises to renew the beloved trading platform for Nefteprombank clients, NPBFX Trader. Client safety.
Licenses and guarantees NPBFX is the holder of licenses from two regulatory organizations, namely at the place of registration by the International Financial Commission for Financial Services of the State of Belize and the no less well-known guarantor The Financial Commission.
Actually, both of these guarantors are simply obliged to resolve controversial issues between the client and the broker if they arise.
It is also worth noting that The Financial Commission is forming a fund, under the terms of which five thousand dollars are allocated to resolve one controversial situation, which will allow resolving almost any controversial issues between a broker and a trader. Replenishment and withdrawal of funds
At this stage, NPBFX provides the opportunity to replenish and withdraw funds only using Visa and Master Card without any commission. Soon, according to the broker, it will be possible to replenish and withdraw your funds through such electronic payment systems as WebMoney, Neteller, Yandex Money, QIWI Wallet.
It is worth noting that the maximum amount for withdrawal per day today for dollar cards is no more than 5 thousand dollars, and for ruble cards no more than 60 thousand rubles.
By the way, the first withdrawal of funds to the card occurs without commission, which is not the case with many other companies. Competitions and promotions
The brokerage company NPBFX is currently holding one long-term competition called “Predict the exchange rate and win an iPhone 6s!” The essence of the competition is to guess the approximate exchange rate for the euro/dollar currency pair on June 1. The company has formed five prize places.
All funds won in the competition are available for withdrawal without any restrictions on the lots traded.
Approaching the final phase of our review, it can be noted that after re-registration, NPBFX began to increase its rating positions at a rapid pace due to improved service and trading conditions.
NPBFX company website