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NPBFX Review
NPBFX now trades as NPB Markets from Saint Vincent and the Grenadines, and Russia's central bank lists the firm on its own market warning register.
Min Deposit
$10
Spreads From
0.4 pips
Max Leverage
1:1000
Platforms
MetaTrader 4, NPBFX Trader
Pros
- Active in the forex market since 1996 with a long trading history
- Live accounts can be opened with a low ten dollar minimum deposit
- Offers MetaTrader 4 plus its own branded NPBFX Trader platform
- Member of the Financial Commission with Category A dispute status
- Supports many local payment methods used across Russia and the CIS
Cons
- Listed on the Bank of Russia warning list for illegal market activity
- Not licensed by any major regulator such as the FCA, ASIC, or CySEC
- Saint Vincent registration is only a company listing, not real oversight
- 2026 reviewers report long withdrawal delays and blocked payout methods
- Brand and web address changed recently, which can confuse old clients
NPBFX began in 1996 as the forex arm of Russian bank Nefteprombank. Russia cancelled Nefteprombank's banking license in 2021, but the trading brand kept running under a separate offshore company. It has since renamed itself NPB Markets, with its website moved from npbfx.com to nmarkets.org.
Nmarkets Limited runs the business today, registered in Saint Vincent and the Grenadines as company 24454 IBC 2018. That is only a company listing, not real trading supervision. It also holds an offshore Mwali license in Comoros. No major regulator such as the FCA, ASIC, or CySEC has licensed this broker, and the Bank of Russia keeps it on its own warning list, updated in July 2026.
A live account starts at ten dollars, using MetaTrader 4 or the broker's NPBFX Trader app, with spreads from around 0.4 pips. Reviews from 2026 show real trading activity, but several describe long withdrawal delays and payment methods that got switched off. This is a high risk broker, not a mainstream regulated one.
Min. Deposit
USD 10
Max Leverage
1:1000
Spreads From
0.4 pips
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
