Is it really possible to make money on Forex? Let's take a $100 test drive

This question is the most common among those people who heard about Forex for the first time.

Our answer is unequivocal: yes, it's possible to make money on Forex! And to prove our point, we'll conduct a real test drive on a live trading account.

The proven brokerage company NPBFX (NEFTEPROMBANKFX), which is our long-standing and reliable partner, will help us with this.

We will start trading with a small amount - $100, which is what many beginning traders start with.

Once you gain more experience and your trading strategy produces a steady increase in profits, you can increase your deposit amount several times over.

A few words about the necessary trading conditions

If you're also planning to start trading with a small amount on a live account, you need to carefully consider your broker's selection and their trading conditions. Here's what to consider:

• Minimum deposit. Not all brokers that offer interbank trading will allow you to open accounts with just a few hundred dollars. This significant factor can immediately eliminate several companies from your list.
• Maximum leverage. To be able to trade comfortably with more than one trade open, leverage of at least 1:500 is required. This way, the margin deposit per trade won't consume a large portion of your available funds.
• Minimum trading lot. This is another important trading account parameter to consider. If, for example, you have a leverage of 1:100 and a minimum trading lot of 0.1, you may simply not have enough collateral to open a trading position. You'll have to either increase your deposit significantly or find a different broker.

Fortunately, we did not encounter the difficulties described above, as the NPBFX brokerage company has a real Standard Cent .

The only difference from a standard account is that the account balance is displayed in cents, making it ideal for trading small amounts. The account leverage is 1:1000, and the minimum trading lot is 0.01, allowing you to implement any trading strategy.

Test-drive trading on the Standard Cent from NPBFX

We won't go into detail about how we opened an account, funded it, and so on. Anyone can find out how by visiting the broker's official website. Let's just say that we encountered no problems with this either.

The broker freely serves clients from Russia, and all financial transactions can be made using bank cards.

To ensure the test drive was as objective as possible, we decided to use an automated trading system (ATS), or more simply, a robot, for trading. What will this offer us? Firstly, we'll be able to trade around the clock, which is unlikely to be possible with manual trading. Humans need time to rest. This way, we'll be able to test trading across all trading sessions—Asian, European, American, and others. Secondly, we'll be able to work with various trading instruments without having to monitor them 24/7. Thirdly, trading robots are an excellent way to test the execution of trading orders provided by a broker.

talk about the ATS itself – Bio II . This is a proprietary system that we found freely available online. The robot can trade any currency instrument and on any timeframe. We decided to test it on the minute (M1) timeframe to see if we could make money through scalping.

This is the fastest strategy for making money and testing your broker, although it is quite risky. The robot will use standard settings, with a floating Take Profit level from 0.5 to 4.5 pips. Six currency pairs are simultaneously used: EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF, and AUDUSD. We'll share our results below.

NPBFX trading account test results

Let's start by saying that we were able to confirm our statement from the opening lines of the article – it's possible to make money on Forex! Over three days of trading, our account profit was 0.324%. While some might say that's not much, it's important to remember that we configured the trading robot's parameters for maximum security, adhering to all money management guidelines.

The total risk, with six trades open simultaneously, did not exceed 3% of the deposit. Multiplying these profit figures by 247 business days yields an annual profit of 26.6% . This is already a good profit, practically passive income. You set up the robot once, and it trades and generates profits for the entire year. Bank currency deposits are unlikely to rival such profits. Below is a screenshot from the "Account History" section.

The second thing I'd like to highlight is the excellent speed of client order execution. NPBFX itself states on its official website that the company's servers are located in one of the best data centers, Equinix NY (New York), which is also home to 49 major exchanges, including the NYSE. We can fully confirm this information based on our own experience, based on ping and order execution speeds. On average, execution at NPBFX is 500-1300 ms . For clarity, we'll provide order data from the MT4 log.

1. Opening a buy USDJPY with order modification

The order opening speed, with subsequent automatic TP level modification, taking into account the current spread, was 736 ms (0.73 seconds) . The buy order itself opened in just 535 ms .

2. Opening a buy USDCAD with order modification

The order opening speed, with subsequent automatic modification of the TP level, taking into account the current spread, was 1654 ms (1.65 seconds) . The initial buy order opened in 1214 ms , slightly exceeding the one-second time limit.

3. Opening a buy AUD USD trade with order modification

This order, including modifications, opened in 712 ms (0.71 sec) . The actual buy order itself took only 523 ms . It's worth noting that all trades were opened during high market volatility.

During our test drive, we had no complaints about the MT4 terminal, opening trades, or locking in profits using Take Profit orders. We also experienced no connection interruptions with the server. It's safe to say that NPBFX broker handles all strategies without issue, including scalping robots. As we noted above, these automated trading systems allow us to objectively test the performance of any brokerage company. It's no secret that some brokers cancel such short-term trades. We encountered no such issues with NPBFX; all trades were fully secured.

Conclusions

As you can see, you can earn money trading Forex regularly, five days a week. You can trade either manually or using a trading robot. In the former case, you'll need to take a trading training course and gain experience trading on a demo or cent account.

In the second case, you can buy a good proprietary ATS or simply download a robot from the internet. To trade with it, you'll only need to master the basics of trading, as well as familiarize yourself with the technical aspects of MT4 and the EA's settings. Another advantage of robot trading is that it requires minimal time, unlike manual trading.

As for profit, it all depends on how much you're willing to risk with your own funds. You can trade with a small lot, as we did, and the profit will be moderate. However, if you increase the lot size, risking 100% of your capital, you can earn 300-500% per annum from trading. In our opinion, the optimal balance is somewhere in the middle: for example, risking 20-25% of your deposit. This will allow you to earn 100-150% per annum quite safely.

Choosing a broker for effective trading is also crucial. It determines not only the speed of your trades' execution but also the overall feasibility of your trading strategy. It also ensures smooth and prompt payment of your profits. To avoid such difficulties, we recommend trading with NPBFX.

The company has been providing brokerage services since 1996, providing clients worldwide with direct access to interbank liquidity. The company's lightning-fast, straight-through processing of client orders (STP/NDD) completely eliminates conflicts of interest and allows for the use of any trading strategy. You can become a client of NPBFX (NEFTEPROMBANKFX) by registering on the company's official website.