This NPBFX review highlights the broker’s regulatory status, execution infrastructure, asset range, and trading conditions. Established in 1996, NPBFX operates as a non-dealing desk broker offering forex and CFD trading via MetaTrader 4 and a proprietary web platform, with a strong focus on institutional-grade liquidity and STP execution.

Regulation and Safety

NPBFX is regulated by the Financial Services Commission (FSC) of Mauritius under license number C119023888. It previously operated in Russia under CRFIN but now focuses internationally through its Mauritius-licensed entity.

Client safety measures include:

• Segregated accounts with Tier-1 banking partners
• Negative balance protection
• AML/KYC procedures in line with international compliance

As an offshore entity, NPBFX does not offer investor compensation schemes like FSCS or ICF.

Execution Model and Trading Platforms

NPBFX operates a true STP (Straight Through Processing) model with no dealing desk involvement. Client orders are routed directly to liquidity providers without conflict of interest.

Supported platforms include:

• MetaTrader 4 (desktop, mobile, web)
• NPBFX Personal Account Web Terminal (lightweight proprietary web-based trading interface)

Execution is optimized via direct connection to banks and ECNs, with support for EAs and scalping strategies.

Markets and Instruments

NPBFX offers more than 100 CFD instruments across five asset classes:

• Forex – 38+ major and minor currency pairs
• Metals – Gold and silver
• Indices – US30, DAX30, FTSE100
• Oil – WTI, Brent
• Cryptocurrencies – BTC/USD, ETH/USD, LTC/USD, BCH/USD

Accounts, Spreads and Leverage

NPBFX provides three account types tailored to different trader profiles:

• Master Account: Minimum deposit $10, spreads from 0.8 pips, no commission
• Expert Account: Minimum deposit $5,000, spreads from 0.4 pips, $8 per lot commission
• VIP Account: Minimum deposit $50,000, raw spreads, custom commission structure

Other trading conditions:

• Leverage up to 1:1000 (based on account size and region)
• Stop-out level: 20%
• Islamic (swap-free) accounts available

Funding and Base Currencies

NPBFX supports a wide range of funding methods and local currencies:

• Bank wire transfers
• Credit/debit cards
• Skrill, Neteller, Perfect Money
• Crypto deposits – BTC, USDT
• Local payment providers for CIS and Asia

Supported base currencies include USD, EUR, and RUB. Most deposits are instant, and withdrawals are processed within 1–2 business days.

Client Protections and Features

Despite being offshore-regulated, NPBFX offers the following client protections:

• Segregated funds and internal audits
• Negative balance protection on all accounts
• SSL encryption and secure client portal
• Order execution reports and trade history transparency

Additional features include daily analytics, autochartist tools, and a free VPS for qualified clients.

Institutional and Retail Offering

NPBFX serves both retail and institutional clients:

• Retail – MT4 and web platforms, low deposit barriers
• Institutional – Liquidity aggregation, FIX API, white-label and IB programs

The broker also offers partner programs with revenue-sharing and marketing support.

Pros

• True STP model with no dealing desk
• High leverage up to 1:1000
• MT4 and proprietary web platform
• Crypto, FX, and indices CFDs available
• Low minimum deposit and multiple account options

Cons

• No Tier-1 regulation (offshore only)
• MT5 platform not supported
• Education materials are limited in scope
• Limited number of tradable instruments compared to larger brokers

Frequently Asked Questions

Is NPBFX regulated?

Yes, NPBFX is regulated by the Financial Services Commission (FSC) of Mauritius under license C119023888.

What trading platforms does NPBFX offer?

NPBFX provides MetaTrader 4 and a proprietary browser-based platform called Personal Account Web Terminal.

What is the minimum deposit to open an account?

The minimum deposit is just $10 for the Master Account.

Does NPBFX offer cryptocurrency trading?

Yes, traders can access crypto CFDs including BTC/USD and ETH/USD.

Are institutional services available?

Yes, NPBFX offers FIX API, white-label solutions, and liquidity aggregation for institutional clients.