What is FXPro's NBP(Negative Balance Protection)? It means Unlimited Profit & Limited Loss
FXPro makes sure that its traders & investors are protected from exceeded losses.
You may have already heard of the word “NBP” somewhere on the internet while searching through online FX brokers’ websites.
NBP stands for Negative Balance Protection.
and it is a very important option for traders & investors when choosing a FX broker.
NBP protects you
This NBP, Negative Balance Protection simply protects traders from exceeded losses.
It works like this:
- You start trading FX & CFDs.
- You lose more than you had in the live account.
- Now the account balance is negative(minus).
- NBP will nullify the Negative Balance and fix it to 0.
This way, traders would never lose more than they deposit.
Who covers the “exceeded loss”?
Many Online FX Brokers support this NBP, but some doesn’t.
So you may want to confirm whether your broker supports it or not, so you can avoid the worst situation with your broker.
The cost of “NBP” is covered by the each broker.
In case of FXPro, FXPro may pay for your exceeded loss and fix the balance to 0, so you can start trading again with a fresh start.
NBP is still a small advantage which FXPro has among many. Check out more about FXPro, the broker with over a half million live trading accounts!
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