NPBFX: accounts, costs and legal scope

The FAQ instead describes maximum leverage of 1:200 for Master and 1:100 for Expert/VIP. Those older figures differ from the current account table. A client should obtain the actual account setting and relevant instrument margin rather than rely on one headline.[6]

The current website excludes residents of Canada and the United States. Availability elsewhere remains subject to the actual onboarding route and local restrictions.[2]

Funding and withdrawal checks can require identity and source-of-payment evidence after an account has opened. The non-trading rules allow withdrawal cancellation if requested information is not supplied within ten business days.[10]

View full spreads & trading costs

The specification also includes share and ETF CFDs.[7]

The client agreement is execution-only, with NMarkets and the customer acting as principals; transactions do not provide delivery of the referenced assets. Its STP-style marketing therefore should not be read as proof that the broker is never the counterparty.[8]

Account spreads are variable and the published figures exclude any overnight financing. The specification applies swaps at 22:00 GMT, normally with Wednesday triple charging; EUR/RUB and USD/RUB use Thursday. Share/ETF ex-dividend adjustments can credit long positions and debit shorts.[7]

The swap-free page advertises no replacement overnight fee for qualifying clients with religious requirements. It lists selected FX pairs plus gold and silver, requires email activation and reserves the right to refuse the service. It does not make every CFD swap-free.[21]

Trading terms §8 permits ending swap-free status for arbitrage or unfair use and recovering previously uncharged negative swaps. That retrospective charge can materially change the advertised overnight economics.[9]

Phone orders require account number, full name and codeword, then the dealer’s identity/readiness confirmation. Trading terms accept platform or telephone instructions; other channels are not authorised.[9]

Buy/sell limits and stops are documented; slippage remains possible. A trailing stop depends on the client terminal running. EA permission does not mean the broker hosts the algorithm after the client terminal disconnects.[9]

The MT4 page promotes desktop expert advisers, hedging and analytical tools. The account page also links iOS and Android access. No public broker API specification with separate read, trade and withdrawal permissions was established.[13]

The website lists SEPA at €10, while its linked tariff PDF gives 3% plus €30 with a €500 minimum. This is a material unresolved fee difference. The website also advertises cards, bank transfers and electronic/local methods, whose country availability varies.[12]

The tariff permits company/payment-agent conversion rates. Using a withdrawal route different from the deposit route can add charges, including a possible 3.5%; method-specific currency conversion is separate from the headline withdrawal fee.[11]

A withdrawal cannot exceed free margin after applicable charges. The non-trading rules allow up to five working days in the queue before the payment agent processes it. Payments must use the client’s own account; verification and bank arrival can extend the overall interval.[10]

The Comoros central bank’s 8 December 2025 notice rejects MISA’s financial-licensing authority and reserves that authority to the central bank. It does not name NPBFX; the warning limits how the broker’s MISA claim should be interpreted.[20]

The Bank of Russia’s official indexed warning names Nmarkets Limited, NPBFX and NPB Markets for signs of illegal professional securities-market participation. This is a Russia-specific regulatory warning; direct access to the entry was restricted during this review.[22]

NPBInvest and MyDigiTrade are promoted from the current site. The NPBInvest link reached a separate platform portal. Publicly accessible materials did not establish current subscription fees, the effect of disconnecting on existing positions or who must close them; these terms should be obtained before activating copying.[1]

The FAQ states that the broker is not a tax agent. Account records and local tax reporting remain distinct; a complete public specification for downloadable tax reports, realised-profit treatment and export formats was not established.[6]

The npbfx.com route redirected to nmarkets.org during research. Current documents name NMarkets Limited. The published transfer promotion concerns moving from another broker; it is not evidence of a dated internal entity migration or a documented transfer of every existing account.[16]

The client agreement permits assignment to another entity with effect ten business days after deemed notice, and amendments can take effect on website publication without individual notice. These contractual powers do not establish that a particular transfer has occurred.[8]

Before comparing this offer by spread alone, reconcile the three published leverage presentations, the 30% versus 60% liquidation thresholds, and the website/PDF SEPA fee difference. These are specific document conflicts; no account was opened to determine which settings are applied operationally.[4]