Compare NPBFX vs FXOpen
What is NPBFX? What is FXOpen?
NPBFX is a forex broker that has been providing brokerage services on the forex market since 1996. FXOpen is a forex broker that was founded in 2003 and offers trading on various financial instruments, such as forex, stocks, crypto, and CFDs.
NPBFX vs FXOpen Regulation Comparison
NPBFX is regulated by the Financial Commission, an independent organization that resolves disputes in the financial markets. FXOpen is regulated by several authorities, such as the FSC of the British Virgin Islands, the FCA of the United Kingdom, the ASIC of Australia, and the CySEC of Cyprus.
NPBFX vs FXOpen Trading Assets Comparison
NPBFX offers trading on 38 currency pairs, gold, silver, and crypto CFDs. FXOpen offers trading on more than 50 currency pairs, gold, silver, crypto CFDs, oil CFDs, stocks CFDs, indexes CFDs, energies CFDs, and more.
NPBFX vs FXOpen Trading Fees Comparison
NPBFX charges variable spreads and commissions from 1.5 units per lot. FXOpen also charges variable spreads and commissions from 1.5 units per lot. The exact amount of spreads and commissions may vary depending on the market conditions and the account type.
NPBFX vs FXOpen Account Types Comparison
NPBFX offers three types of accounts: Master (minimum deposit $10), Expert (minimum deposit $5000), and VIP (minimum deposit $50000). FXOpen offers four types of accounts: Micro (minimum deposit $1), STP (minimum deposit $10), ECN (minimum deposit $100), and Crypto (minimum deposit $10).
NPBFX vs FXOpen Deposit Options Comparison
NPBFX supports various payment methods, such as WebMoney, Skrill, wire transfer, credit/debit cards, YooMoney, Neteller, QIWI, local bank transfer, and FasaPay. FXOpen also supports various payment methods, such as wire transfer, credit/debit cards, FasaPay, crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney, and AdvCash.
NPBFX vs FXOpen Trading Platforms Comparison
NPBFX uses MetaTrader 4 as its trading platform. FXOpen uses MetaTrader 4, MetaTrader 5, TickTrader, and TradingView as its trading platforms.
NPBFX vs FXOpen Analytical Tools Comparison
NPBFX provides analytical tools such as a portal with market news and analysis, trading signals from Trading Central, a trader’s calculator, and a chat with experts. FXOpen provides analytical tools such as market news and analysis from Claws & Horns and Dow Jones Newswires, economic calendar from FXStreet and Investing.com, technical analysis from Trading Central and Autochartist.
NPBFX vs FXOpen. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- Regulation: FXOpen has more regulatory licenses than NPBFX, which may indicate a higher level of trustworthiness and security for your funds. However, NPBFX is also a member of the Financial Commission, which provides compensation and dispute resolution services for traders .
- Trading Assets: FXOpen offers a wider range of trading instruments than NPBFX, which may give you more opportunities and diversification options. However, NPBFX also covers the most popular and liquid markets, such as forex, gold, silver, and crypto .
- Trading Fees: Both brokers charge similar spreads and commissions, which are variable and depend on the market conditions and the account type. However, you may also want to check other fees, such as swap rates, withdrawal fees, inactivity fees, etc., which may vary between brokers .
- Account Types: Both brokers offer different account types to suit different trading styles and needs. However, FXOpen has lower minimum deposit requirements than NPBFX, which may be more accessible and affordable for beginners or small traders .
- Deposit and Withdrawal Options: Both brokers support various payment methods, which may offer convenience and flexibility for your transactions. However, you may want to check the availability, speed, and cost of each method in your country or region .
- Trading Platforms: Both brokers use MetaTrader 4 as their main trading platform, which is a popular and reliable software for forex trading. However, FXOpen also offers other platforms, such as MetaTrader 5, TickTrader, and TradingView, which may have different features and functionalities .
- Analytical Tools: Both brokers provide analytical tools to help you with your trading decisions and strategies. However, FXOpen has more sources and providers of market news, analysis, technical indicators, and signals than NPBFX .
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open demo accounts with both brokers and test their services and features without risking any real money. You can also read reviews and feedback from other traders who have used these brokers before.
