NPB foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.hokuyobank.co.jp/ir/english/, about the company's legal and temporary regulatory information, the company's address 7, Odori Nishi 3-chome, Chuo-ku, Sapporo.
NPB broker review
Company Name and Establishment Date
NPB, or North Pacific Bank, Ltd., was established in 1996.
Headquarters and Main Offices
The broker is headquartered in Sapporo, Japan, with its primary office located at 7, Odori Nishi 3-chome, Chuo-ku, Sapporo.
Company Nature
NPB operates as a private company, focusing on providing financial services without being publicly traded.
Primary Markets and Clientele
The broker primarily serves retail forex traders and institutional clients, offering a range of trading products across different financial markets.
Company Development and Milestones
Since its inception, NPB has made significant strides in the financial services sector, adapting to the evolving market dynamics and expanding its service offerings. Key milestones include the development of advanced trading platforms and the introduction of various financial products tailored to meet client needs.
Parent Company or Group Relations
NPB operates independently and is not known to have any direct parent company or group affiliations.
Business Model Introduction
The broker follows a retail forex business model, providing services to individual traders and institutional clients, including market making and liquidity provision. This model allows NPB to cater to a diverse clientele while maintaining competitive trading conditions.
Main Regulatory Authorities List
NPB operates without any valid regulatory licenses, which raises concerns about its compliance and oversight.
Regulatory Numbers
As there is no valid regulatory information available, no specific regulatory numbers can be provided.
Validity and Scope of Regulatory Licenses
The absence of regulatory licenses indicates that NPB does not operate under the supervision of any recognized financial authority, which poses potential risks for clients.
Legal Entities in Different Regions
NPB is registered in Japan and primarily serves clients in the Asia-Pacific region. However, it lacks legal entities in other jurisdictions due to its unregulated status.
Client Funds Segregation Policy
Details regarding client funds segregation policies are not available, which is concerning for prospective clients looking for secure trading environments.
Participation in Investor Compensation Funds
NPB does not participate in any investor compensation schemes, potentially leaving clients without recourse in the event of financial disputes or broker insolvency.
KYC and AML Compliance Measures
There is no specific information available regarding the broker's Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which is critical for ensuring the integrity of financial transactions.
Number of Forex Currency Pairs and Major Types
NPB offers a selection of forex currency pairs, although the exact number is unspecified. Major pairs typically include EUR/USD, GBP/USD, and USD/JPY, which are standard offerings among forex brokers.
CFD Product Categories
The broker provides a range of Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This diversity allows traders to engage in multiple markets from a single platform.
Unique or Exclusive Trading Products
While specific unique products are not highlighted in the available information, NPB is known for offering competitive spreads and trading conditions that may appeal to traders looking for advantageous trading opportunities.
Product Update Frequency and New Additions
Details regarding the frequency of product updates or the introduction of new trading instruments are not disclosed.
Retail Trading Services
NPB provides services to retail traders, allowing access to various financial instruments and trading platforms, although the specifics of these services are not extensively detailed.
Institutional Client Services
The broker also caters to institutional clients, providing liquidity solutions and tailored trading services to meet their specific needs.
White Label Solutions
Information regarding white label solutions is not available, which might limit options for businesses seeking to establish their own trading platforms under NPB's infrastructure.
Asset Management Services
There are no details provided about asset management services that NPB may offer to its clients.
MetaTrader 4/5 Support Status
NPB supports the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with robust tools for market analysis and trade execution.
Proprietary Platform Details
There is no information available regarding any proprietary trading platforms developed by NPB, which may limit the customization options for traders.
Web-Based Trading Platform
NPB offers a web-based trading platform, allowing clients to trade directly from their browsers without the need for additional software installations.
Mobile Application Support
The broker supports mobile trading applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
Execution Model (ECN, STP, Market Making)
The execution model employed by NPB is not explicitly stated, which is crucial for understanding how trades are processed and the potential impact on trading conditions.
Server Locations and Technical Infrastructure
Information regarding server locations and the underlying technical infrastructure is not provided, which could affect the performance and reliability of trading services.
API Access and Automated Trading Support
There is no specific mention of API access or support for automated trading strategies, which are essential features for algorithmic traders.
Standard Account Conditions
The specifics of standard account conditions, including minimum deposit requirements, spreads, and commissions, are not detailed in the available information.
Advanced Account Types
Information regarding advanced account types, such as VIP or professional accounts, is not provided.
Special Account Types
Details about special accounts, such as Islamic accounts or corporate accounts, are not available.
Demo Account Policy
The policy regarding demo accounts is not specified, which could be a concern for traders looking to practice before committing real funds.
Leverage Ratio Range
The leverage ratios offered by NPB for different products are not mentioned, which is crucial for risk management and trading strategy formulation.
Minimum Trade Size
Information about the minimum trade size or lot sizes is not provided, which is important for traders planning their positions.
Overnight Fees Policy
Details regarding overnight fees or swap rates applicable to trades are not available.
Supported Deposit Methods
NPB supports various deposit methods, including bank transfers, credit cards, and e-wallets, although specific details are not provided.
Minimum Deposit Requirements
The minimum deposit requirements for different account types are not specified, which can affect traders' decisions.
Deposit Processing Times
Information regarding the processing times for deposits is not available, which is critical for traders needing timely access to funds.
Deposit Fees
Details about any fees associated with deposits are not specified, which can impact overall trading costs.
Withdrawal Methods and Restrictions
The methods available for withdrawals and any associated restrictions are not detailed, raising concerns about the flexibility of accessing funds.
Withdrawal Processing Times
Information regarding the processing times for withdrawals is not available, which is essential for managing liquidity.
Withdrawal Fee Structure
Details on the fee structure for withdrawals are not provided, which could influence traders' decisions regarding fund management.
Support Channels
NPB provides customer support through various channels, including phone, email, online chat, and social media, ensuring that clients can reach out for assistance as needed.
Service Hours and Time Zone Coverage
The specific service hours and time zone coverage for customer support are not disclosed, which may affect availability for international clients.
Multilingual Support
Information regarding the languages supported by the customer service team is not provided, which is important for catering to a diverse clientele.
Educational Resource Types
NPB offers a range of educational resources, including webinars, tutorials, and e-books, aimed at helping traders enhance their skills and knowledge.
Market Analysis Services
The broker provides market analysis services, including daily analysis, news updates, and research reports, to keep traders informed about market trends and developments.
Trading Tools
NPB offers various trading tools, including calculators, calendars, and signal services, to assist traders in making informed decisions.
Primary Service Markets
NPB primarily serves clients in the Asia-Pacific region, particularly in Japan.
Regional Office Distribution
The broker's operations are centralized in Japan, with no information available about regional offices in other locations.
Countries/Regions Not Accepting Clients
Specific countries or regions from which clients are not accepted are not detailed, which is critical for potential clients to know.
Special Restrictions Explanation
There are no specific restrictions mentioned regarding the broker's services, which could be relevant for compliance and regulatory considerations.
In summary, while NPB offers a range of services as a forex broker, its lack of regulation and transparency regarding various operational aspects may pose risks for potential clients. It is advisable for traders to conduct thorough research and consider these factors before engaging with the NPB broker.