NPB Markets (ex NPBFX) Review 2026

Highlights of NPB Markets

Spread fromEURUSD0.1pips

Trading Assets

Forex Precious Metals Energy Carriers Indices Stocks ETF Cryptocurrency

Trading Platforms

MetaTrader 4

4.2/5

More DetailsRegisterTrading CFDs carries high risks. You may lose all invested funds

About NPB Markets

Founded in 2016

Countries of registration:

Regulators:

MISA

4.2/5

More Details

RegisterTrading CFDs carries high risks. You may lose all invested funds

Countries of registration:

Regulators:

MISA

Trading Assets

Forex Precious Metals Energy Carriers Indices Stocks ETF Cryptocurrency

Trading Platforms

MetaTrader 4

compare NPB Markets trading accounts

NPB Markets (ex NPBFX) is an international broker that has been operating since 1996 and is regulated by the MISA.

The broker caters to both novice and experienced traders through its educational programs, variety of account types, and range of trading instruments. Numerous positive user reviews attest to the reliability and professionalism of NPB Markets.

Pros and Cons of NPB Markets

NPB Markets reviews

NPB Markets Broker Overview

Nefteprombank is a joint-stock commercial bank that has been in existence since 1992. It obtained a brokerage license in 1996. Through NPB Markets (NEFTEPROMBANKFX), a trader can access the Forex market using STP/NDD technology (Straight-through processing / Non-Dealing Desk).

NPB Markets Review Summary

All ratings presented in this review have been assigned by our unique methodology, which you can study by following the link: Broker Evaluation Methodology. We strive to provide the most objective and comprehensive assessment of each aspect of the broker's operations to help you make an informed choice. Please continue reading to learn more about NPB Markets and why we give it such a rating.

Legal Entity	Regulator
NMarkets Limited NMarkets Limited	MISA MISA

Broker NPB Markets has specific client protection measures and a regulatory structure.

NPB Markets is regulated and operates under the jurisdiction of NMarkets Limited, a company registered in the island of Moheli (part of the Union of Comoros). This means that the laws of these countries regulate the company.

In addition, NPB Markets is a member of The Financial Commission, an independent international organization for dispute resolution. This protects the company's clients, as The Financial Commission ensures quick and professional resolution of disputes between the broker and trader. The compensation fund of this organization can pay compensations up to 20,000 euros per claim if the company refuses to comply with the decision of The Financial Commission.

However, it should be noted that the Union of Comoros are generally considered offshore zones, and some people may see this as a risk since regulatory standards in such countries may not be as strict as, for example, in Europe or the USA.

The account opening process with the NPB Markets broker appears simple and convenient. Registration on the website is done in a few steps and requires a minimum of information. Access to the personal account is granted after email and phone verification. Verification is necessary for funds withdrawal, a standard procedure for most brokers.

Registration

The NPB Markets registration form requires the following information:

• first and last name;
• email address;
• phone number with the country code.

The user must also accept the broker’s terms of service. After registration, access to the personal account area is provided, where users can create a live, demo, or signal account, upload documents, and choose a deposit method.

Verification

NPB Markets requires two types of documents for verification:

1. Proof of identity — a passport, ID card, or another acceptable document with a photograph. The copy must clearly show the holder’s name, date of birth, signature, issue date, and expiry date. The document must remain valid for at least six months.
2. Proof of address — a bank statement, utility bill, or another document showing the user’s full name and residential address. It should normally have been issued within the last three months. An address stated directly in a passport may be accepted as an exception.

Users should upload high-quality color photographs or scanned copies. The verification status and comments on rejected documents are displayed in the personal account area. For example, the broker may request another upload if the document has expired or the information is difficult to read.

Account base currency

NPB Markets trading accounts are available in three base currencies:

• US dollar — USD;
• euro — EUR;
• Russian ruble — RUB.

Choosing a suitable currency can reduce conversion costs when depositing and withdrawing funds. For example, users who fund their account with a USD-denominated card or a cryptocurrency wallet will generally find it more convenient to open an account in USD.

Once an account has been created, its base currency usually cannot be changed. A new trading account must be opened to use another currency.

Minimum deposit

The minimum deposit depends on the trading account type:

Among the account types offered by NPB Markets, some options meet the needs of both beginners and experienced traders and those who want to invest or copy the trades of successful traders. The trading conditions, including minimum deposits, spreads, and leverage, are overall very competitive.

Trading Accounts

For Forex trading, NPB Markets broker offers 4 trading accounts.

Automated trading is possible through the connection of expert advisors and the installation of trading robots on the platform. The company itself does not particularly emphasize this approach.

Who are the trading accounts suitable for?

• Master. Designed for beginner traders and those starting with a small deposit.
• Zero. Suitable for active traders and scalpers who prioritize spreads from 0 points and are prepared to pay a commission per lot.
• Expert. Intended for experienced traders working with substantial capital.
• VIP. Designed for professional traders and investors with large deposits.
• Standard Cent. Suitable for beginners who want to learn trading on a cent account without risking significant amounts.

Cent Accounts

Cent Accounts are one of the trading accounts offered by the broker NPB Markets. They are primarily intended for novice traders who want to gain practical experience in Forex trading without significant risks.

The main advantage of cent accounts is that all transactions are conducted in cents, not dollars or euros. This allows the trader to manage larger volumes of funds without significant investments while still getting a realistic understanding of Forex trading.

On the other hand, profits on these accounts are also measured in cents, so they are unsuitable for those looking to make a significant profit quickly. However, they are perfect for novice traders who want to learn to trade without substantial financial risks.

Demo Account

Before starting actual trading, you can practice on a demo account. As with most real Forex brokers, it can be registered an unlimited number of times directly in the terminal. The second option is to create it through the personal account area.

There are 4 types of demo accounts available:

• Demo Master
• Demo Expert
• Demo VIP
• Demo Standard Cent

All demo accounts are equivalent to trading accounts in terms of performance.

Swap Free Account

A Swap-free or Islamic account is a trading account without swaps. The Swap Free service is provided to clients who cannot use swap operations due to religious beliefs.

To open an Islamic account:

1. open a regular trading account in your area;
2. send a request to client.trading@npbfx.com with the subject line 'Activation of Swap Free service' and the message: "I, (state: Last Name First Name), request the activation of the Swap Free service for my trading account (state: trading account number).";
3. receive confirmation of the conversion of your trading account to Swap-Free terms.

Copy Trading Accounts

Signal accounts offered by the broker NPB Markets:

Accounts for copying trades of successful traders are designed for those who want to trade in financial markets but lack the experience, time, or skills for independent analysis and making trading decisions. This can also be useful for diversifying their trading strategy or increasing their profitability.

Copying trades of successful traders allows clients to automatically copy the operations performed by professional traders and profit when they profit. Thus, even inexperienced traders can benefit from the knowledge and experience of professionals.

These accounts are suitable for a wide range of investors, from beginners who want to start trading without the need to learn the complex aspects of financial markets to experienced traders who wish to diversify their strategies and increase their profitability.

Contests

Regularly, there are demo account contests, such as "Traders' Battle," where the prize pool is 2500 US dollars, and a special prize is an iPhone 14 Pro. To win an award, one must place in the top 10.

Registration for contests and requests for promotions are done through the personal account or via phone and online operators.

NPB Markets offers a balanced commission system, making it attractive for traders of various levels. The broker's spreads are competitive in the market.

At the same time, it is worth noting that NPB Markets does not charge an inactivity fee or withdrawal fees (only the payment providers' fees apply).

Spreads and Swaps

The level of spreads offered by NPB Markets is in the average range in the market. However, swaps are somewhat higher than those of most competitors.

Below are the average spreads and swaps of the broker for major currency pairs on the Master account.

Trading commission

There is no separate trading commission on the Master, Expert, and VIP accounts, as trading costs are included in the spread. On the Zero account, NPB Markets charges a commission starting from $8 per lot.

This is a high rate: on ECN accounts, many brokers charge an average of around $3–3.5 per lot per side. Therefore, the Zero account may be less cost-effective for scalpers and active traders who place a large number of trades.

Other Commissions

It is worth noting that NPB Markets has several advantages regarding other commissions. Thus, the company does not charge an inactivity fee nor for withdrawals (payment systems charge), which is an essential plus in favor of NPB Markets.

Cashback

NPB Markets offers a unique opportunity for cashback on trading. By funding a trading account with at least 100 dollars, 100 euros, or 5000 rubles, a trader can receive payments to the account for each completed transaction. The cashback amount can reach up to 60% of the spread, equivalent to $7 per lot.

The advantage of this program is that the cashback is fully available for withdrawal and trading without any restrictions. The maximum payout is $10,000 monthly, and the minimum trade volume is just 0.01 lots.

It is important to note that cashback is credited only to Master type trading accounts. This offer allows traders to optimize their commission costs and increase their income.

Account funding and withdrawal options at NPB Markets are represented by a wide range of methods, including bank cards, electronic wallets, cryptocurrencies, and bank transfers. This provides traders with multiple options depending on their personal preferences and needs.

However, it is essential to consider the high commission charged by payment systems for withdrawals and the potentially long processing time for withdrawal requests.

How to Fund Your Account

Account funding occurs after you have registered your account. Therefore, first, you need to select "Trading Account" in the left column of your area, then decide which type of account suits you. The terminal can be downloaded either before or after this.

All funding methods are available only after the client has passed verification, i.e., confirmed their identity and address with the appropriate documents.

Account Funding Methods

Payment System	Currencies	Deposit Fee	Operation Limit
WebMoney	USDEUR	9%	from 10 USD
Skrill	USD	0%	from 10 USD
Neteller	RUBUSDEUR	0%	from 10 USD
Volet	USDEURRUB	0%	from 20 USD
Swift	USDEUR	0%	from 300 to 50000 USD
SEPA	EUR	0%	from 10 EUR
Visa	USDEURRUB	0%	from 10 USD
Mastercard	USDEURRUB	0%	from 10 USD

Cryptocurrency	Blockchain	Deposit Fee	Operation Limit
USDT (Tether)	TRC20	0%	from 10 USD
USDT (Tether)	ERC20	0%	from 10 USD
USDT (Tether)	BEP20	0%	from 10 USD
USDT (Tether)	Polygon	0%	from 10 USD
USDC (USD Coin)	TRC20	0%	from 10 USD
USDC (USD Coin)	ERC20	0%	from 10 USD
USDC (USD Coin)	BEP20	0%	from 10 USD
USDC (USD Coin)	Polygon	0%	from 10 USD
BTC (Bitcoin)	BTC	0%	from 10 USD
ETH (Ethereum)	ERC20	0%	from 10 USD
LTC (Litecoin)	LTC	0%	from 150 USD
XRP (Ripple)	XRP	0%	from 30 USD
ZEC (Zcash)	ZEC	0%	from 90 USD

NPB Markets compensates for the commissions of all payment systems.

How to Withdraw Funds

Almost the same methods are used for withdrawing funds. Any transactions with money in the account are possible only after user verification. Withdrawals are made in the personal area.

Withdrawal Methods

Payment System	Currencies	Withdrawal Fee	Operation Limit
WebMoney	USDEUR	9% limitscommission limits	—
Skrill	USD	4.9%+ 0.32 USD limitscommission limits	—
Neteller	USDEURRUB	4.9%+ 0.29 USD	from 2 USDfrom 2 EURfrom 200 RUB
Volet	USDEURRUB	3.5%	from 10 USD
SEPA	EUR	0%+ 10 EUR	from 500 to 40000 EUR
Swift	USDEUR	3%+ 30 USD limitscommission limits	from 500 to 50000 USDfrom 500 to 40000 EUR
Visa	USDEURRUB	5%+ 7 USD limitscommission limits	from 10 to 1000 USDfrom 10 to 1000 EURfrom 150 to 75000 RUB
Mastercard	USDEURRUB	5%+ 7 USD limitscommission limits	from 10 to 1000 USDfrom 10 to 1000 EURfrom 150 to 75000 RUB

Cryptocurrency	Blockchain	Withdrawal Fee	Operation Limit
USDT (Tether)	TRC20	0.5%	from 30 USD
USDT (Tether)	ERC20	0.5%	from 30 USD
USDT (Tether)	BEP20	0.5%	from 30 USD
USDT (Tether)	Polygon	0.5%	from 30 USD
USDT (Tether)	TRC20	0.5%	from 30 USD
USDT (Tether)	ERC20	0.5%	from 30 USD
USDT (Tether)	BEP20	0.5%	from 30 USD
USDT (Tether)	Polygon	0.5%	from 30 USD
BTC (Bitcoin)	BTC	0%	from 50 USD
ETH (Ethereum)	ERC20	0.5%	from 60 USD
LTC (Litecoin)	LTC	0.5%	from 35 USD
XRP (Ripple)	XRP	0.5%	from 30 USD
ZEC (Zcash)	ZEC	0.5%	from 30 USD

For the first withdrawal, the company covers the payment system's commission. For the second and subsequent withdrawals, the commissions of payment providers apply, as indicated in the table above.

Funds sent by bank transfer should arrive within 5 business days. Funds sent by electronic wallet should arrive within 14 business days. The client can contact the company to investigate the transfer if they do not come.

NPB Markets offers a sufficiently broad range of trading instruments, including Forex, CFDs on metals, energy carriers, indices, stocks, ETFs, and cryptocurrencies. However, some brokers may offer even more instruments and markets.

For comparison, NPB Markets offers over 100 instruments, while RoboForex offers over 12,000 CFDs.

What Markets are available?

Forex

Traders have a choice of 38 currency pairs.

CFDs

CFDs, or Contracts for Difference, are also available in a wide selection at NPB Markets:

• metals (gold and silver);
• energy carriers (Brent and WTI crude oil, natural gas);
• 11 stock indices, including the S&P500;
• 64 stocks and ETFs from the NYSE and NASDAQ;
• 5 cryptocurrencies (BTC, ETH, BCH, LTC, XRP).

Margin Requirements

Let's consider the leverage for different groups of trading instruments.

NPB Markets offers its users highly rated high-quality trading platforms. The leading platform, MetaTrader 4, is widely recognized in the industry for its reliability, extensive functionality, and customization capabilities. Many traders are familiar with this platform, which eases the adaptation process.

NPB Markets also offers a copy trading platform, NPB Invest, which represents an additional opportunity for investors. The service allows investors to copy the trades of successful traders, which can be particularly useful for beginners.

MetaTrader 4

NPB Markets offers its clients the world's most popular trading platform - MetaTrader 4 (MT4).

Advantages of Trading on MT4

• Ability to hedge open positions.
• Instant execution of trades with access to the interbank foreign exchange market (STP/NDD technology).
• There are no freeze levels and the ability to set/change orders within the spread.
• The instant Execution method allows setting a maximum deviation from the requested price and trade without rejections and requotes.
• Real-time financial news feed from Dow Jones Newswires.
• Ability to conduct automatic trading using trading robots.

Which OS is MetaTrader 4 available for?

• Windows
• MacOS
• iOS
• Android
• Web-terminal

You can download the MT4 platform for free on the official NPB Markets website or in the NPB Markets personal account area.

NPB Invest

For investors, NPB Markets has made a convenient service for copying trades of successful traders - NPB Invest.

How does NPB Invest work?

1. Register and fund your signal account in the NPB Markets personal area.
2. Go to the NPB Invest platform and register as a "Strategy Follower."
3. On NPB Invest, link your signal account with NPB Markets.
4. Select traders, build a portfolio, and start earning.

How to choose a successful trader?

The trader's rating can help you in choosing a trader.

Do not rush to copy trades, first familiarize yourself with the trader's strategy. Understanding how they trade, what drawdowns they allow, and what instruments they use is essential. The trader's profile has quite a few indicators for analyzing their trading.

NPB Markets offers extensive analytical tools, including news updates, signals based on technical analysis, and even direct chat with analysts.

Here is the complete list of materials and services available on the NPB Markets analytical portal:

• forecasts for currency pairs, metals, and commodities (daily);
• economic calendar, trading schedule, holiday calendar;
• interest rates and dates for registry fixation;
• news feed from Dow Jones;
• direct chat with analysts;
• signals for all trading instruments based on technical analysis;
• charts of historical volatility and Pivot points;
• Fibonacci levels calculator;
• trader's calculator;
• currency converter and currency heatmap;
• correlation coefficient calculator;
• weekly video reviews.

Access to the portal is available only to registered clients.

Clients can choose programs and types of education that interest them - in-person and distance courses, lectures, video materials, and literature.

Educational Materials

Available to clients are:

1. The electronic textbook 'A Beginner's Guide to Trading on Forex' (free on the analytical portal), which reveals the 'secrets' of fundamental and technical analysis, provides an understanding of the basics of risk management and the psychological characteristics of the trader profession.
2. Video courses:

• fundamentals of technical and fundamental analysis;
• currencies and pricing;
• charts – support/resistance levels, trends;
• patterns in technical analysis;
• timeframes, types of orders, trading period;
• technical analysis indicators;
• trading psychology and risk management.

NPB Markets offers a variety of communication channels and client support. Technical support is available five days a week, 24 hours a day, from Sunday to Friday, allowing clients to seek help anytime.

Additionally, clients can contact their manager, whose details are provided in the welcome email after registering a personal account. This indicates the broker's personalized approach to customer service.

An online consultant service is also available, where clients can get answers to common questions or leave their contact details for further communication with a personal manager.

For specific inquiries, clients can use email: for payment-related issues and support for cardholders, the address is client.payments@npbfx.com, and for questions related to trading operations, - client.trading@npbfx.com.

For direct communication with technical support by phone, the number +44 800 069-84-70 is available.

NPB Markets Alternatives

Looking for NPB Markets alternatives? Compare key features of NPB Markets against its competitors.

Broker	Seacrest Markets	Grand Capital	NPB Markets	JustMarkets	ThinkMarkets
Rating	4.1/5	4/5	4.2/5	4.1/5	4/5
Minimum deposit	50 USD 50 EUR 50 GBP	10 USD	10 USD 10 EUR 500 RUB	1 USD	1 USD
Spread	from 0.1 points	from 0.4 points	from 0.1 points	from 0 points	from 0 points
Trading platforms	MetaTrader 5	MetaTrader 4 WebTrader MetaTrader 5	MetaTrader 4	MetaTrader 4 MetaTrader 5	MetaTrader 4 MetaTrader 5 ThinkTrader
Reviews	Seacrest Markets review	Grand Capital review		JustMarkets review	ThinkMarkets review
Broker comparison	NPB Markets vs Seacrest Markets	NPB Markets vs Grand Capital		NPB Markets vs JustMarkets	NPB Markets vs ThinkMarkets

If you want to compare NPB Markets with other forex brokers in more detail, go to the Forex Brokers Comparison page.

Conclusion

NPB Markets is suitable for novice and experienced traders, thanks to its extensive educational program, various account types, and set of trading instruments. The broker is particularly noteworthy for those who value quality technical analysis and a diversity of trading instruments.

Despite certain drawbacks, NPB Markets provides quality service and can be used by most traders.

FAQ

Is NPB Markets legit?

Yes, NPB Markets is a legitimate broker. It has been operating since 1996 and is regulated by the Mwali International Services Authority (MISA).

Which country is NPB Markets from?

NPB Markets is headquartered in Bar, Montenegro.

Is NPB Markets an ECN broker?

No, NPB Markets operates as an STP (Straight Through Processing) broker, not an ECN broker.

How does NPB Markets make money?

NPB Markets makes money through spreads and commissions on trades.

Is NPB Markets good for beginners?

Yes, NPB Markets is suitable for beginners due to its educational programs, demo accounts, and user-friendly trading platforms.

Does NPB Markets offer a demo account?

Yes, NPB Markets offers a demo account for traders to practice and familiarize themselves with the trading platform before committing real funds.

How can I open an account with NPB Markets?

You can open an account with NPB Markets by visiting their website, filling out the registration form, and submitting the required identification documents.

How can I delete my NPB Markets account?

To delete your NPB Markets account, you need to contact their customer support team, who will guide you through the process.

What is the minimum deposit for NPB Markets?

The minimum deposit for NPB Markets is $10.

What is the maximum leverage on NPB Markets?

The maximum leverage offered by NPB Markets is 1:1000.

How do I deposit funds in an NPB Markets account?

You can deposit funds in your NPB Markets account using various methods, including bank transfers, credit/debit cards, cryptocurrencies, and electronic payment systems.

How do I withdraw money from NPB Markets?

To withdraw money from NPB Markets, you need to log in to your account, navigate to the withdrawal section, and choose your preferred withdrawal method. Follow the on-screen instructions to complete the process.

Does NPB Markets provide VPS?

No, NPB Markets does not provide VPS (Virtual Private Server) services.

Is NPB Markets suitable for scalping?

Yes, NPB Markets is suitable for scalping as it allows this trading strategy.

Is NPB Markets suitable for auto-trading?

Yes, NPB Markets supports auto-trading and provides access to various trading platforms compatible with automated trading systems.

Is NPB Markets suitable for hedging?

Yes, NPB Markets is suitable for hedging and allows traders to use this strategy.

Is NPB Markets suitable for spread betting?

No, NPB Markets does not offer spread betting services.