NPBFX review: Is it a legit or scam forex broker?

As I am in a situation I object to I will take a very aggressive approach to obtain the return of the small amount of my funds including litigation if necessary. If that did not happen then your need to discuss it with Fort FS – reverse what ever bonus you have put in my account and get the funds from Fort FS. I wanted to update a previous bad review because I’ve been able to withdraw money at the end of the day.

This is very clear and its is a balance that I can with draw from your firm at any time whilst it is not being used as a margin in trading. I have had lawyers contact me in the past couple of months offering their services against unscrupulous brokers. Please advise why the NPBFX broker states that you have not transferred my funds. Alternatively as you still have them you need to return them to me.

21% bonus to deposit

npbfx to New Year 2021 trading account and receive an e-ticket with a unique number for each $500 invested by January 21st. For example, for a USD 500 deposit you will receive 1 e-ticket, and for a USD 5’000 deposit you will receive 10 e-tickets participating in the lucky draw. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. NPBFX is licensed and regulated by multiple leading international governing bodies, allowing NPBFX clients to trade with financial security.

They have a support department that helps https://forexhero.info/ at all times. Until 2016 company worked with private traders and corporate clients on behalf of a bank licensed by the Bank of Russia (JSC “Nefteprombank”). This account can be opened with a minimum deposit of 10 USD/ 10 EUR/ 500 RUB and the minimum trade volume is 0,01 . NPBFX does offer a Sign-Up Bonus of $20, a Welcome bonus, or the advantage/profits of a no-deposit bonus with first-time sign-up or account registration. NPBFX does periodic offers competitions and profitable events.

I will give both of you one last opportunity to explain where my funds are. If they have not been transferred to the NPBFX broker then you need to return them to me. I set out below my correspondence with the NPBFX broker – and the some correspondence from Fort Financial Services a broker that closed down.

Trade and earn

Employees of the Company have many years of experience and professional skills of successful customer service on FOREX in banks and brokerage companies. NPBFX is a member of The Financial Commission, an international organization that resolves disputes in the field of financial services in the international currency market. We work with clients on financial markets since 1996, providing only the highest quality service.

To open your NPBFX account, navigate to the website and select the option to open an account. The company was first called Nefteprombank but was rebranded as NPBFX in 2016. Finding a reputable NPBFX review locally or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Broker Complaint Registry’s mission is to assist victims of online scams.

Equity or stock indices can represent a specific set of the largest companies of a nation or a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. That does not sound right I understood that the balance of my funds in Fort FS was to be transferred to your company. You can see by the correspondence below that the Nurasyima the representative from NPBFX broker I have corresponded with has told me that your company has not forwarded the balance of my funds to the NPBFX brokerage. Can you please advise which party is lying is it Fort FS of the NPBFX brokerage that is lying.

Lucky draw among clients with New Year 2021 account

Traders should always understand the risks involved and invest only what they can afford to lose. NPBFX warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors. NPBFX serves clients from all over the world and operates in accordance with international standards of good financial business. I highlight in yellow the key sentence which states that the balance I have at FortFS will be transferred to your firm.

Restored account balance will be available for trading without any restrictions. There is only one reason why I agreed to the transfer – I received no correspondence from FortFS other than this e-mail and there website was locked off and they would not reply to my requests for information. In other words they did not leave me with any choice but to agree to the transfer of funds to your to your firm. As I have no choice I was coerced into a situation that I objected to from the start. This makes me very angry as I would have just preferred that my funds were returned to me – but they did not do that.

Thats all, fort tell you that you balance already transfer with our broker, but we didn’t receive any balance from fort we just get details from their. And again i tell we dont not responsable about you balance. NPBFX provides three different account types, Master account, Expert account, VIP account, Islamic, Swap-Free, and Risk-Free Demo account options. The minimum deposit amount required to register an NPBFX Professional live trading account is $10 USD. Offering trading in the UK but not having an FCA license is a serious problem.

If I can give you an advise, run far away from these scammers, there are lot of trusted brokers around. I’ve reached out to their customer service, I spoke with a Russian agent that does not speak English and very rude. Please read NPBFX Reviews below and share your live trading experiences with this broker. Verify personal data and pass the verification of personal account manager over the phone. Only available for new clients who previously never acquire any bonus. Regulation by The Financial Commission with a compensation fund of up to € 20’000 per client.

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Anyway, they offer very good services , but their support is non-existent. Your dedicated agent helps a lot, but they do not have any information. NPBFX does charge deposit fees and withdrawal fees vary according to the payment method.

• I stated at the outset that I was not interested in the bonuses you offered and only interested in my balance of funds at Fort FS going to your company.
• Any information, as well as analytical materials posted on this site are general recommendations.
• If they have not been transferred to the NPBFX broker then you need to return them to me.
• Partner company NM Financial Solutions Limited established the partnership agreement with NMarkets Limited to serve as payment processing company and provides content and operates the business.
• They have a support department that helps customers at all times.

Leads may be provided to third-party vendors that offer compensation in return. Stay away from NPBFX, you profit will never pay by this poor broker. Bonuses are generally not able to be withdrawn, therefore I have no need for them as your due diligence with Fort FS will show that I have not traded for the last nine months or so and don’t intend to in the short term. I guess the only way to get my deposit back will be to call my bank and open a chargeback. The Company aims to take a leading position in the industry and meet the needs of the most demanding types of customers.

I have not traded with NPBFX – but you will see by the correspondence either Fort FS or NPBFX are not telling me the truth – still don’t know what the answer is – still can’t locate my funds. To be able to withdraw $200, one must achieve a trading volume of 200 lots. Claim your profile to access Trustpilot’s free business tools and connect with customers. New Year’s terms of the loyalty program and bonus funds are available all year round.

And the acceleration of swaps up to 1500 on forex pairs is just holidays. Well, the fiasco is unknown by whose decision the broker withdrew his bonuses. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Traders can use these tools and resources to help manage their risk, and also get access to educational material and other resources. However, it’s important to note that trading always carries a risk and no strategy or tool can guarantee success.

It is always possible to sustain a loss of some or all of an initial investment. VIP Account – Spread starts from 0,4 pips and averages at 0,8 pips. Expert Account – Spread starts from 0,6 pips with an average of 1,0 pips. Master Account – Spread starts from 0,8 pips with an average of 1,2 pips. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best.

As they are from Russia, they faced some difficulties to handle it, but the withdrawal came, quite late, but it came so I can’t complain. Partner company NM Financial Solutions Limited established the partnership agreement with NMarkets Limited to serve as payment processing company and provides content and operates the business. Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.

This minimum deposit amount required for Standard Account registration will depend on the payment system chosen. NPBFX was established in 1996 and is an STP/NDD broker that acts as an intermediary between clients and liquidity providers. This provides instant execution of orders at actual market prices.

Account balance will be available for withdrawal, if within 30 days after its restoration, the trading account has been deposited with an amount of at least 25% of the restored balance. I stated at the outset that I was not interested in the bonuses you offered and only interested in my balance of funds at Fort FS going to your company. He has advised that he has put some funny money funds in the equivalent of a demo account that can not be withdrawn as its “funny money”. The agreement that I entered into clearly states that the balance of my account would be transferred to the NPBFX brokerage, yet the manager at that brokerage states that you did not send them the funds from my account.

Whether this type of activity is suitable for him, given his financial capabilities, experience in the field of investment, risk appetite and other factors. Any information, as well as analytical materials posted on this site are general recommendations. They should only be used with due regard for your personal financial situation and investment goals. Convenient ways to deposit and withdraw funds with zero commission. Forex, metals, oil, stock indices, stocks and cryptocurrencies with instant execution on Equinix NY4 servers, New York. The withdrawal process is very very long, probably because I’m from EU.

Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.