NPB

LoukiaCharilaou

1-2 years

Does NPB offer a demo account?

WikiFX Reply

NPB does not offer a demo account, which is a critical tool for traders who want to practice and refine their strategies before committing real funds. Since NPB does not focus on forex trading or active investment, there is no option to open a demo account for testing their systems. For me, the absence of a demo account makes NPB unsuitable for anyone interested in learning trading or testing their strategies without risk.

Broker Issues

NPB

Leverage

Instruments

Account

Platform

08-12

United States

Chris hagerman

1-2 years

How long does a withdrawal take at NPB?

WikiFX Reply

NPB's withdrawal process, particularly for international wire transfers, can be slow. The withdrawal fee for international wire transfers is ¥7,500, and the process could take several business days to complete. As someone who needs to move funds quickly, this delay would be a major inconvenience for me. Additionally, the high withdrawal fees make it less attractive for anyone who regularly needs to access their funds from a trading account. If quick withdrawals are a priority, NPB’s system would not be ideal, especially when I compare it to brokers with faster and cheaper withdrawal processes.

Broker Issues

NPB

Withdrawal

Deposit

08-10

United States

Nali5689

1-2 years

What is the minimum deposit for opening an account at NPB?

WikiFX Reply

North Pacific Bank does not provide information on a minimum deposit requirement for its accounts, as it focuses on personal banking services rather than trading services. The minimum deposit for savings accounts or investment trusts is likely to vary based on the product. However, since NPB does not cater to active traders or forex accounts, I would not expect a minimum deposit related to trading. If I were looking for forex trading services, NPB would not meet my needs, as they do not offer trading accounts with specific deposit requirements.

Broker Issues

NPB

Withdrawal

Deposit

07-20

United States

ryad22

1-2 years

What is the spread for currency exchange with NPB?

WikiFX Reply

NPB’s currency exchange spreads are relatively wide compared to what I would expect from a dedicated forex broker. For example, the spread on USD/JPY is 2 pips, and on EUR/JPY, it’s 3 pips. These spreads are significant when compared to other brokers that offer narrower spreads, especially for active traders like me who depend on low transaction costs. Additionally, since NPB does not provide a trading platform with npb login for active traders, the platform is geared more toward banking and investment trusts, where spreads are typically higher. The lack of competitive pricing in the forex market would make me look elsewhere for a broker with tighter spreads and better overall pricing for active trading.

Broker Issues

NPB

Fees and Spreads

07-13

United States