What Account Types and Fees Does NPB Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Access to a wide range of markets, educational resources, and user-friendly platform. |
Ideal for traders just starting or with limited capital. |
| Professional Account |
Experienced traders and institutions |
Higher leverage, lower spreads, and advanced trading tools. |
Requires proof of trading experience or volume. |
| Corporate Account |
Corporate clients and institutions |
Customizable trading solutions, dedicated account management. |
Requires corporate documentation and higher initial deposit. |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading conditions. |
Available to all traders who adhere to Islamic finance principles. |
| Demo Account |
All traders for practice |
Risk-free trading environment with virtual funds. |
Perfect for testing strategies and the platform without financial risk. |
Account Opening Process
To open an account with NPB, you will need to follow a structured process:
1. Personal Information Submission: Fill out the application form providing personal details including your name, address, and contact information.
2. Employment and Financial Information: Disclose your employment status, income level, and trading experience to help assess your trading profile.
3. Identity Verification: Submit necessary documentation such as a government-issued ID and proof of address (e.g., utility bill).
4. Account Flexibility: Once your account is set up, you have the option to upgrade to a professional account later if you meet the qualifications based on trading volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs. |
| Forex (GBP/USD) |
1.2 |
$0 (ECN: $3.5/lot) |
Competitive pricing for popular pairs. |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varied spreads based on stock liquidity. |
| CFDs (Indices) |
0.5% |
$3 per lot |
Competitive rates on major indices. |
| CFDs (Commodities) |
1.0% |
$2 per lot |
Flexible trading on various commodities. |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility. |
Other Fees
In addition to trading fees, NPB applies other costs that traders should be aware of:
– Deposit/Withdrawal Fees: Generally free for standard methods; may vary with certain payment options.
– Inactivity Fees: A fee may apply if the account remains inactive for an extended period.
– Platform Usage Fees: No fees for using the trading platform; all access is included.
– Overnight Interest: Swap rates apply for positions held overnight, which vary based on the asset.
– Currency Conversion Fees: Charges may apply when trading in currencies different from your account’s base currency.
