NBH Markets Review
100% up to $2020 on first deposit non-EU clients
|Headquarters||First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines formerly known as NBH Markets LTD with former Company No. 24834 IBC 2018 and is a White Label of NBH Markets EU Ltd, a company registered in Cyprus and regulated by CySEC with authorization No. 208/13. The payments for NBH Markets LLC are processed by NBH Services Ltd with registered address at 12 Chrysanthou Mylona, Harmonia Building 1, 1st Floor, Office 15, 3030 Limassol, Cyprus|
|Support Types||Phone, Live Chat, Email: [email protected]|
|Trading Platform||MetaTrader 4, MetaTrader 5|
|Minimum 1st Deposit||$100|
|Minimum Account Size||none|
|Minimum Trade Amount||0.01 microlot|
|Maximum Trade Amount||50 lots|
|Bonus||100% up to $2020 on first deposit non-EU clients|
|Payout||Within 2 working days|
|Leverage||1:1 up to 1:30 for EU clients, 1:1 up to 1:500 for professional and non-EU clients|
|Spread||from 0.0 pips on Elite, 0.2 pips on Pro, 1.6 pips on Standard|
|Free Demo Account||Open Demo|
|Regulation||NBH Markets LLC, a company registered in St. Vincent and the Grenadines with Company No. 241 LLC 2020 with registered address at First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines formerly known as NBH Markets LTD with former Company No. 24834 IBC 2018 and is a White Label of NBH Markets EU Ltd, a company registered in Cyprus and regulated by CySEC with authorization No. 208/13.|
|Fee Info||NBH Markets has a zero-withdrawal fee policy|
|Commission Info||$2,50 per side 100k on Standard Account, $1 per side 100k on Pro Account|
|Account Types||Demo Account, Standard Account, Pro Account, Elite Account, Islamic Account/Swap-Free Account|
|Deposit Methods||debit and credit cards, bank wire transfer and e-wallets like Paypal, Neteller, Skrill, WebMoney, Globepay, Fasapay and Unionpay.|
|Withdrawal Methods||debit and credit cards, bank wire transfer and e-wallets like Paypal, Neteller, Skrill, WebMoney, Globepay, Fasapay and Unionpay.|
|Trading Methods||All trading strategies allowed, including EAs, Hedging and Scalping|
|Number of Assets||60+|
|Types of Assets||NBH Markets offers more than 60 different financial instruments and assets to trade on. These tradable assets include more than 44 forex pairs and CFD trading on 6 indicies, 3 energy markets and 2 types of precious metals.|
|Trading Currency||Over 44 forex pairs, including major, minor and exotic pairs|
|US Traders Allowed|
NBH Markets is a very new broker with a unique twist and in this NBH Markets review 2020 we are going to look at all the pros and cons of trading with this broker.
NBH Markets Ltd. is registered and based in St. Vincent and the Grenadines. Although that particular company isn’t regulated, it operates as a white label of NBH Markets EU Ltd which is registered in Cyprus and is fully licensed by the Cyprus Securities and Exchange Commission (CySEC).
NBHM has quite an impressive past when we’re talking gold trading and investing. And now comes also the most important, unique part of this broker: this broker offers full gold-backed stability by the National Bullion House.
This broker offers leverage up to 1:500 for professional clients or clients trading via it’s St. Vincent and Grenadines branch and up to 1:30 for EU clients trading via NBH Markets EU Ltd.
NBH Markets offers three different account types: Standard, Pro and Elite which can be funded with either Euros or Dollars. All accounts can trade commission-free using either MetaTrader 4 or Metatrader 5. Don’t know the difference between MT4 and MT5? Read our article:
Is my Money safe at NBH Markets?
Like we stated before, NBH Markets Ltd is registered as International Business Company in St. Vincent and the Grenadines. and isn’t licensed by it’s self but operates as a white label of NBH Markets EU Ltd which is registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Just like most other brokers, NBH Markets segregates client funds from their own corporate accounts at top tier-1 banks . Client funds are covered up to a massive 5,000,000 Euro by Lloyds Insurance and both the trading platform as website are protected by a vast array of cybersecurity measures. We can say that NBH Markets is way more secure (especially regarding cybersecurity) than the average broker.
Please note that NBH Markets doesn’t take traders or investors from the United States, Iran, Cuba, Sudan, Syria and North Korea.
NBH Markets Tradable Assets and Financial Instruments
NBH Markets offers more than 60 different financial instruments and assets to trade on. These tradable assets include more than 44 forex pairs and CFD trading on 6 indicies, 3 energy markets and 2 types of precious metals. More detailed information on what you all can trade on NBH Markets can be found on their website and trading platform at all times.
Trading fees and commissions like spreads and overnight funding (swap) rates vary depending on the asset traded and type of account. For example, spreads start from 1.6 pips on standard accounts, 0.2 pips on pro accounts and just 0 pips on elite accounts, as stated on the broker’s website.
NBH Markets Account Types
At first glance you would think that there are three account types available at NBH Markets. But the truth is that there are five different account types available at this broker ranging from beginner to advanced trader. The accounts available are Standard Account, Pro Account, Elite Account, Islamic or swap-free Account and Demo Trading Account.
NBH Markets Standard Account
The NBH Markets Standard Account requires just a minimum deposit of $100 to open. Although the spreads are a little bit higher than the other accounts, leverage up to 1:500 is available and trading without any commissions.
NBH Markets Pro Account
The NBH Markets Pro Account is for somewhat more seasoned traders and requires quite a larger first deposit to open $5,000. On the other hand, spreads are extremely low on this type of account, starting from just 0.2 pips. Leverage is again possible all the way up to 1:500. This type of account does pay commission however, of $2,50 per 1 side, per 100k units traded.
NBH Markets Elite Account
The NBH Markets Elite Account requires a minimum deposit of $25,000 or more and traders can access spreads from 0 pips and only pay commission of $1 per side, per 100k units traded.
Below you can find all the account details in an overview. Click the overview to be taken to the corresponding website page.
NBH Markets Deposit and Withdrawal Options
NBH Markets offers a wide array of ways clients can deposit or withdraw funds to and from their account. Think of debit and credit cards, bank wire transfer and e-wallets like Paypal, Neteller, Skrill, WebMoney, Globepay, Fasapay and Unionpay.
The broker also has a so called ‘Zero Withdrawal Fees Policy,’ which means, obviously, that NBH Markets doesn’t charge any withdrawal fees. To deposit money into your NBH Markets account simply login and click ‘Deposits‘ on the left side of your screen.
NBH Markets Web and Desktop Trading Platforms
Traders using NBH Markets can trade on MetaTrader 4 or MetaTrader 5 or both. The MetaTrader 4 desktop version got quite some features, including but not limited to:
– One-click trading options
– The use of pending orders
– up to 30 technical trading indicators
– 9 different timeframes
NBH Markets Mobile Trading Platforms
Traders at NBH Markets can also trade on MetaTrader 4 using their mobile trading app for both Android and iOS devices. These trading apps can both be downloaded in their respective app stores or via the NBH Markets website under the ‘Client Portal Area.’
Using MetaTrader 4 from within the mobile trading app gives traders and investors the following features:
– 3 different types of charting possibilities: Candlesticks, bars and lines
– 9 different timeframes ranging from one minute to one month
– Wide range of different technical indicators to use
– Ability to execute trades directly from within the app
Apart from these features, the NBH Markets mobile trading app also offers users functions like live quotes, charts, a real-time news feed, economic calendar and many more. For institutional algorithmic traders NBH Markets offers a FIX API for Windows desktop, Android and iOS operating systems as well. To gain access to the FIX API clients have to contact the support team.
NBH Markets Commissions and Spreads
What you end up paying at NBH Markets varies a lot from the asset class(es) you trade the most and the type of trading account you hold with them. Spreads and swaps of individual markets also change constantly. Like we outlined before, you can expect to pay anything between 0.2 and 1.6 pips, depending on account type chosen. For more information about NBH Markets LIVE spreads and swap rates you can check out this page on their website.
NBH Markets Review – Bonuses and Promotions
NBH Markets has several bonuses and promotions going on at all times but these are for non-EU clients only as per regulation:
– Pro Account: This promotion means you can be upgraded to PRO account from just a regular $100 deposit.
– Gold: Every 3 months someone wins a bar of gold (1kg), cash equivalent or BMW 5 series.
– Black Friday: 100% deposit bonus up to $500.
– Education Gift pack: This Supreme Gift Pack is suitable for beginners, intermediate and advanced traders alike and includes 10 extensive video courses, 17 video tutorials on how to use the trading platforms and a beginner’s guide to financial markets eBook.
NBH Markets Customer Support
NBH Markets offers 9 am – 5 pm (EU time), Monday to Friday support via Live Chat, Phone, Email and a Web Contact Callback Form in multiple languages including English, Hindi, Arabic, Greek, Spanish, Latvian, Russian and Romanian. From testing, the Live Chat function is very useful as the Customer Support Agent was very helpful and responded within just a few minutes.
NBH Markets Trading Experience and Review Conclusion
NBH Markets is a new broker but is suitable for both beginner and advanced traders because the low minimum deposit of just $100. The low spreads charged of 0 to 1.6 pips are very competitive with other top brokers and the fact that withdrawals can be made in gold and the broker is gold-backed give it a truly unique touch. The broker’s zero-fee deposit and withdrawal policy is also quite nice. The only disadvantage is that there’s not to much assets to trade on NBH Markets, just about 70. This can feel a little bit small compared to an FxPro or Plus500 where one can trade thousands of assets. The offered FIX API however, can be very interesting for institutional traders and the high leverage up to 1:500 makes us think NBH Markets is more focused towards experienced traders and investors than complete beginners.
Do you trade at NBH Markets? Let us know what you think about this broker in the Visitor Review section. Don’t have a NBH Markets account yet? Visit their website or sign up for a free demo account to test out their platform.
- Commission-free accounts available
- Option to choose between MetaTrader 4 and MetaTrader 5
- High leverage up to 1:500 for offshore and professional clients
- Forex, Indices, Precious Metals and Energy Markets available
- Zero fees on deposits
- All accounts are only available in USD
- The minimum bank wire transfer amount is $25,000
There is no review.