Compare NPBFX vs MTrading
What is NPBFX? What is MTrading?
NPBFX is a forex broker that has been providing brokerage services on the forex market since 1996. NPBFX offers 38 currency pairs, gold, silver, and oil trading with STP/NDD technology and no conflict of interest with clients. NPBFX is a member of The Financial Commission, an international organization for dispute resolution on the financial market.
MTrading is a forex and CFD broker that offers trading on commodities, cryptocurrencies, indices, and stocks with low spreads, fast execution, negative balance protection, and instant withdrawals. MTrading also provides copy trading, partnership programs, and deposit bonuses. MTrading is regulated by the International Financial Services Commission (IFSC) of Belize.
NPBFX vs MTrading Regulation Comparison
Both NPBFX and MTrading are regulated by reputable authorities in their respective jurisdictions. NPBFX is regulated by the laws of the Comoros Union and Saint Vincent and the Grenadines, while MTrading is regulated by the laws of Belize. Both brokers are also members of The Financial Commission, which provides an independent and impartial dispute resolution service for traders.
However, neither NPBFX nor MTrading are authorized to offer their services in some countries, such as Canada, Japan, USA, and Australia. Therefore, traders should check the availability of the brokers in their region before opening an account.
NPBFX vs MTrading Trading Assets Comparison
Both NPBFX and MTrading offer a variety of trading instruments for traders to choose from. NPBFX offers 38 currency pairs, gold (XAUUSD), silver (XAGUSD), and oil (Brent and WTI). MTrading offers more than 100 instruments, including commodities (gold, silver, oil, natural gas, etc.), cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.), indices (Dow Jones, NASDAQ, S&P 500, etc.), and stocks (Apple, Amazon, Facebook, etc.).
Therefore, MTrading has a wider range of trading assets than NPBFX, which may appeal to traders who want to diversify their portfolio and trade on different markets.
NPBFX vs MTrading Trading Fees Comparison
Both NPBFX and MTrading charge competitive fees for their trading services. NPBFX charges variable spreads from 0.4 pips on major currency pairs and commissions from $4 per lot on some account types. MTrading charges variable spreads from 0 pips on major currency pairs and commissions from $3 per lot on some account types.
Both brokers also charge swap fees for holding positions overnight and may charge inactivity fees for dormant accounts. However, neither broker charges deposit or withdrawal fees for most payment methods.
NPBFX vs MTrading Account Types Comparison
Both NPBFX and MTrading offer different account types for different levels of traders. NPBFX offers four account types: Master (minimum deposit $10), Expert (minimum deposit $5,000), VIP (minimum deposit $50,000), and Crypto (minimum deposit $10). MTrading offers three account types: Standard (minimum deposit $100), Pro (minimum deposit $500), and ECN (minimum deposit $1,000).
The main differences between the account types are the spreads, commissions, leverage, minimum trade size, and available instruments. For example, the Master account on NPBFX has no commissions but higher spreads than the Expert account. The Standard account on MTrading has no commissions but higher spreads than the Pro account.
Therefore, both NPBFX and MTrading have flexible account options for traders who want to choose the best conditions for their trading style and budget.
NPBFX vs MTrading Deposit Options Comparison
Both NPBFX and MTrading offer convenient and secure methods for depositing and withdrawing funds. NPBFX accepts bank cards (Visa/Mastercard), e-wallets (Skrill/Neteller), bank transfers (SWIFT), local banks (Vietnam), and cryptocurrencies (Bitcoin/Ethereum). MTrading accepts bank cards (Visa/Mastercard), e-wallets (Skrill/Neteller), bank transfers (SWIFT), local banks (Vietnam/Thailand/Indonesia/Malaysia), and other methods.
Both brokers process deposits instantly and withdrawals within 24 hours for most payment methods. Neither broker charges fees for deposits or withdrawals, except for bank transfers, which may incur fees from the banks. Both brokers also require verification of identity and address before processing withdrawals.
NPBFX vs MTrading Trading Platforms Comparison
Both NPBFX and MTrading use the MetaTrader 4 (MT4) platform as their main trading platform. MT4 is a popular and user-friendly platform that supports multiple languages, charting tools, indicators, expert advisors, and automated trading. MT4 is available as a desktop application, a web browser version, and a mobile app for iOS and Android devices.
Both brokers also provide additional tools and features to enhance the trading experience on MT4. For example, NPBFX offers a VPS service, a personal manager, and a chat with an expert. MTrading offers a copy trading platform, a trading calculator, and a mobile app for Android devices.
NPBFX vs MTrading Analytical Tools Comparison
Both NPBFX and MTrading provide various analytical tools and resources to help traders make informed trading decisions. NPBFX offers a portal with market news, economic calendar, technical analysis, trading signals, webinars, and educational articles. MTrading offers a blog with market news, economic calendar, technical analysis, trading signals, webinars, and educational videos.
Both brokers also provide customer support via live chat, phone, and email in multiple languages, including Vietnamese. The support team is available 24/5 to assist traders with any issues or questions they may have.
NPBFX vs MTrading. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences and goals. However, here are some possible factors that you may consider when choosing between NPBFX and MTrading:
- Trading assets: If you want to trade a wider range of instruments, such as cryptocurrencies, indices, and stocks, you may prefer MTrading, as they offer more than 100 instruments. If you only want to trade forex, gold, silver, and oil, you may find NPBFX sufficient, as they offer 38 currency pairs and these commodities.
- Trading fees: If you want to save on trading costs, you may compare the spreads and commissions of the account types offered by both brokers. Generally, lower spreads and commissions mean lower trading costs, but they may also require higher minimum deposits or have other conditions. You may also check the swap fees and inactivity fees of both brokers to avoid paying extra charges.
- Account types: If you want to choose the best account type for your trading style and budget, you may compare the features and requirements of the account types offered by both brokers. For example, if you want to trade with high leverage, you may prefer NPBFX, as they offer up to 1:1000 leverage on some account types. If you want to trade with low minimum deposits, you may prefer MTrading, as they offer accounts from $100.
- Payment options: If you want to fund your account and withdraw your profits easily and quickly, you may compare the payment methods and processing times of both brokers. Both brokers offer a variety of payment options, such as bank cards, e-wallets, bank transfers, local banks, and cryptocurrencies. However, some payment methods may not be available in your region or may incur fees from the banks.
- Trading platforms: If you want to access the markets from any device and use various trading strategies, you may compare the trading platforms and tools offered by both brokers. Both brokers use MetaTrader 4 (MT4) as their main trading platform, which is a popular and user-friendly platform that supports multiple languages, charting tools, indicators, expert advisors, and automated trading. However, both brokers also offer additional features and services on MT4, such as VPS service, personal manager, chat with an expert, copy trading platform, trading calculator, and mobile app.
- Analytical tools: If you want to stay updated on the market trends and learn new skills, you may compare the analytical tools and resources offered by both brokers. Both brokers provide various tools and resources, such as market news, economic calendar, technical analysis, trading signals, webinars, and educational materials. However, some tools and resources may be more relevant or useful for your trading needs than others.
These are some of the main factors that you may consider when choosing between NPBFX and MTrading. Ultimately, the best way to decide which broker is better for you is to try their services yourself. You can visit their websites for more information or open a demo account to test their services .
