General Information& Regulation
NBH Markets (NBHM) LLC is a precious metals, indices and forex broker backed by physical gold. It is one of several global companies that sits under the National Bullion House Group established in Dubai, alongside NBH Markets EU Limited. Formerly known as NBH Markets Ltd, NBH Markets LLC was established in 2018 in Cyprus, under the regulation of Cyprus Securities and Exchange Commission, with registration number 208/13.
Market Instruments
Traders can trade over 60 different markets from a single account, with CFD trading on forex, cash indices and precious metals available. The widest offering is forex, with 44 major and minor pairs offered. Additionally, customers can trade popular cash indices such as DE30cash and precious metals (gold and silver).
NBH Markets Minimum Deposit
Three account options available are on NBH Markets platform, namely Standard (with a minimum deposit of $500), Pro (with a minimum deposit of $25,000) and Elite account (with a minimum deposit of $50,000). The initial requirement of 500 USD for open an account is fairly higher than sector industry.
NBH Markets Leverage
Since NBH Markets is registered in Cyprus, the maximum leverage is up to 1:30 for retail clients according to EMSA regulation, while the professional traders can apply higher leverage.
Spreads & Commissions
The spreads available and commission charged varies depending on the account type, though all spreads are floating. The spreads are more competitive for the Pro and Elite accounts, however these come with higher minimum deposits so may not be accessible for some trader. Spreads start at a minimum of 1.6 pips for the Standard account, reducing to a minimum of 0.2 pips and 0.0 pips for the Pro and Elite accounts respectively. No commission fees are charged for trades using the Standard account, but customers will be charged $2.5 per $100,000 traded with the Pro account and $20 per $1 million traded with the Elite account.
NBH Markets Trading Platforms
NBHM offers the popular MT4 forex trading platform, which provides an impressive range of indicators, analytical functions and highly customisable charts. The interactive charting has 9 timeframes ranging from minute to monthly. Additionally, 30 built-in indicators and 2,000 free custom indicators enable market analysis of varying complexity. 24 analytical objects allow for trend detection and price forecasting. NBH Markets also provides the multi-asset platform MetaTrader 5, which is the successor to the popular MT4. MT5 boasts 8 additional built-in indicators and a further 12 timeframes. Additional functionality includes one-click trading and an economic calendar delivering macroeconomic news. MT4 and MT5 are available for desktop download or can be accessed using the cloud network and mobile app.
Deposit & Withdrawal
NBHM accepts deposits using Mastercard and Visa, eWallets and wire transfers. There are no deposit fees for card payments and wire transfers, however transaction fees are charged for several of the eWallet providers: ADV cash 0.3%, Fasapay 0.75%, Globe pay 4%, and Pay Trust 3%. Same day withdrawals are available for all methods except wire transfer which takes 3-5 working days depending on the bank. A minimum withdrawal of 5USD applies to all withdrawals. Commission fees apply for some online eWallet withdrawal methods: Skrill 1.5%, Neteller 2.5%, Globe Pay 1.5% and Pay Trust 1.8%.
Trading Hours
NBHM trading session hours are in line with forex which is 24/5. However, the broker advises that metals have different trading hours and therefore customers should contact NBHM for details of specific markets
Customer Support
NBHM has a dedicated support team that provides a 24/6 response service including a live chat option, available by clicking on the chat logo in the bottom right-hand corner of the website.
