Compare Weltrade vs NPBFX
What is Weltrade? What is NPBFX?
Weltrade is an online broker that was founded in 2006 and provides access to 38 currency pairs, gold, silver, and oil trading. Weltrade uses the STP/NDD model, which means that it does not have any conflict of interest with its clients and transfers their orders to the interbank market. Weltrade is regulated by the Financial Services Authority of Saint Vincent and the Grenadines.
NPBFX is an online broker that is a trading name of NMarkets Limited, a company incorporated in the Island of Moheli, Comoros Union. NPBFX also provides access to 38 currency pairs, gold, silver, and oil trading, and uses the STP/NDD model. NPBFX is regulated by the International Financial Services Commission of Belize.
Weltrade vs NPBFX Regulation Comparison
Weltrade is regulated by the Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG), which is a self-regulatory organization that does not have any legal power to enforce its rules or protect clients’ funds. The FSA SVG does not require brokers to hold a minimum capital, segregate clients’ funds, participate in a compensation scheme, or report their transactions.
NPBFX is regulated by the International Financial Services Commission of Belize (IFSC), which is a governmental body that has some legal authority to issue licenses and impose sanctions on brokers. However, the IFSC is also considered a lenient regulator that does not have high standards for brokers’ financial stability, transparency, or customer protection. The IFSC requires brokers to hold a minimum capital of $500,000, but it does not mandate them to segregate clients’ funds, participate in a compensation scheme, or report their transactions.
Weltrade vs NPBFX Trading Assets Comparison
Both Weltrade and NPBFX offer the same range of trading assets, which are 38 currency pairs, gold (XAUUSD), silver (XAGUSD), and oil (Brent and WTI). However, they may have different spreads, swaps, commissions, and margin requirements for each asset.
Weltrade vs NPBFX Trading Fees Comparison
Both Weltrade and NPBFX charge variable spreads on their trading instruments, which depend on the market conditions and liquidity. However, their spreads may differ depending on the account type and platform you choose. Weltrade’s average spreads on EUR/USD are around 0.8 pips on its Master account and 1.5 pips on its Pro account, while NPBFX’s average spreads on EUR/USD are around 0.6 pips on its Master account and 1.4 pips on its Expert account.
Neither Weltrade nor NPBFX charge any commissions on their trading accounts, except for their ECN accounts. Weltrade’s ECN account charges a commission of $8 per lot round turn, while NPBFX’s ECN account charges a commission of $10 per lot round turn.
Both Weltrade and NPBFX charge swap fees for holding positions overnight, which are calculated based on the interest rate differential between the two currencies involved. However, their swap rates may vary depending on the asset and direction of the trade. You can check their swap rates on their websites or platforms for more details.
Weltrade vs NPBFX Account Types Comparison
- Both Weltrade and NPBFX offer four types of trading accounts: Micro, Premium (Pro for Weltrade and Expert for NPBFX), ZuluTrade (for social trading), and ECN (for direct market access). However, they have different features and requirements for each account type. Here are some of the main differences:
- Minimum deposit: Weltrade’s minimum deposit for all accounts is $25, while NPBFX’s minimum deposit for Micro and Premium accounts is $10, for ZuluTrade account is $50, and for ECN account is $500.
- Maximum leverage: Weltrade’s maximum leverage for all accounts is 1:1000 (except for ZuluTrade account which is 1:500), while NPBFX’s maximum leverage for Micro and Premium accounts is 1:1000, for ZuluTrade account is 1:200, and for ECN account is 1:200.
- Minimum lot size: Weltrade’s minimum lot size for all accounts is 0.01, while NPBFX’s minimum lot size for Micro account is 0.01, for Premium and ZuluTrade accounts is 0.1, and for ECN account is 0.01.
- Execution type: Weltrade’s execution type for all accounts is market execution, while NPBFX’s execution type for Micro and Premium accounts is instant execution, and for ZuluTrade and ECN accounts is market execution.
Weltrade vs NPBFX Deposit Options Comparison
- Both Weltrade and NPBFX offer a variety of deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, WebMoney, etc.), and cryptocurrencies (Bitcoin, Ethereum, etc.). However, they may have different fees, processing times, and limits for each option. You can check their payment methods on their websites for more details.
- Both Weltrade and NPBFX do not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur some fees from the banks involved. However, they may have different minimum and maximum amounts for deposits or withdrawals depending on the option you choose. For example, Weltrade’s minimum deposit amount for bank wire transfer is $200, while NPBFX’s minimum deposit amount for bank wire transfer is $100.
- Both Weltrade and NPBFX process deposits instantly or within a few hours, except for bank wire transfers which may take up to 3-5 business days. However, they may have different processing times for withdrawals depending on the option you choose. For example, Weltrade processes withdrawals within 30 minutes or up to 3 business days, while NPBFX processes withdrawals within 24 hours or up to 5 business days.
Weltrade vs NPBFX Trading Platforms Comparison
- Both Weltrade and NPBFX use MetaTrader 4 as their main trading platform, which is a popular and user-friendly platform that offers advanced charting tools, indicators, expert advisors, automated trading, and mobile trading. However, they may have different versions and settings for their MT4 platforms depending on the account type and platform you choose. You can download their MT4 platforms from their websites or platforms .
- In addition to MT4, Weltrade also offers MetaTrader 5 as an alternative trading platform, which is a newer and more advanced version of MT4 that offers more instruments, order types, execution modes, timeframes, indicators, and analytical tools. However, MT5 is only available for Weltrade’s ECN account. You can download Weltrade’s MT5 platform from its website or platform.
- In addition to MT4, NPBFX also offers a web-based trading platform called WebTerminal, which allows you to trade directly from your browser without downloading or installing any software. WebTerminal has a simple and intuitive interface that offers basic charting tools, indicators, order types, and execution modes. However, WebTerminal does not support automated trading or mobile trading. You can access NPBFX’s WebTerminal from its website or platform.
Weltrade vs NPBFX Analytical Tools Comparison
- Both Weltrade and NPBFX offer various analytical tools to help their clients make informed trading decisions. Some of the common tools they offer are:
- Economic calendar: A tool that shows the dates and times of important economic events and indicators that may affect the market movements.
- Market news: A tool that provides the latest news and updates on the global markets and financial events.
- Trading signals: A tool that provides buy or sell recommendations based on technical analysis or expert opinions.
- Trading calculator: A tool that helps you calculate the margin, profit/loss, swap, pip value, and commission for your trades.
- Chat with experts: A tool that allows you to communicate with professional traders and analysts who can answer your questions and give you advice.
- However, they may also have some different tools that are unique to their services. For example:
- Weltrade offers a tool called Spinner, which is a game that allows you to spin a wheel and win up to $1000 bonus for trading after each deposit.
- NPBFX offers a tool called Trader’s Waypoints (TWP), which is a loyalty program that allows you to earn points for your trading activity and exchange them for cash rewards or prizes.
Weltrade vs NPBFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each broker has its own advantages and disadvantages.
Ultimately, the best broker for you is the one that meets your expectations and requirements. You may want to test both brokers with their demo accounts before making your final decision.
