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NCE Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.xnce.com/..., the company's legitimate regulatory information SeychellesFSARetail Forex License, AustraliaASICAppointed Representative(AR) to enhance the security of the company's address House Of Francis, Office 301(D), lle Du Port Mahe, Seychelles

NCE Forex Broker

Basic Information

Registered Region
Seychelles
Operating Period
--
Company Name
NCE SC Limited
Abbreviation
NCE
Company employee
--
Customer Service Email Address
support@xnce.com
Company Website
Company address
House Of Francis, Office 301(D), lle Du Port Mahe, Seychelles
Keywords
5-10 years
Regulated in Seychelles
Retail Forex License
MT5 Full License
Global Business
High potential risk
Offshore Regulated

Company profile

NCE Review Summary Founde2007Registered CountrySeychellesRegulationOffshore regulated by FSAMarket InstrumentsForex, commodities, indices, shares, cryptosDemo Account✅LeverageUp to 1:1000EUR/USD SpreadFloating from 0 pipsTrading PlatformMT5Minimum Deposit$200Customer SupportEmai: support@xnce.com; live chat; contact formRegional RestrictionsIran, North Korea, Syria, Sudan, Gambia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, the United States, Japan and Hong KongNCE Information NCE operates under the trading name NCE SC Limited, focusing on forex, commodities, indices, shares, and cryptos trading. However, its status as FSA (The Seychelles Financial Services Authority) offshore raises significant credibility concerns for traders. Caution is advised due to regulatory flags that can impact reliability and investor protection.Pros & ConsProsConsWide range of instrumentsFSA offshore regulationMetaTrader 5(MT5) platform supportRestricted areasDemo accountHigh minimum depositFund segregationNo deposit/withdrawal feesIs NCE Legit? When considering the safety of a brokerage like NCEor any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: NCE operates under the Seychelles Financial Services Authority (FSA) offshore with license number SD112.Regulated CountryRegulatorRegulatory StatusRegulated EntityLicense TypeLicense NumberSeychelles Financial Services Authority (FSA)Offshore RegulatedNCE SC LimitedRetail Forex LicenseSD112User feedback: NCE has been flagged for withdrawal issues in an exposures on WikiFX, questioning the broker's reliability. This serves as a warning for anyone considering their services, urging utmost caution due to potential issues with fund withdrawals.Security measures: At NCE, client funds are securely segregated from company assets, held in accounts with globally recognized financial institutions. In the end, choosing whether or not to engage in trading with NCEis an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.Market Instruments NCE offers a comprehensive selection of over 80 financial instruments across various asset categories.Tradable InstrumentsSupported Forex✔Commodities✔Indices✔Cryptocurrencies✔Shares✔ETFs❌Bonds❌Mutual Funds❌ In the Forex market, traders can engage with a vast array of global currencies, tapping into the world's largest financial market for extensive trading possibilities and currency pairings. The Metals category allows investors to trade in precious metals like gold and silver, benefiting from their unique market dynamics and safe-haven appeal during economic uncertainties. The Energies market encompasses commodities such as oil and natural gas, providing strategic avenues for investment in vital energy resources. Indices offer a window into global economic performance through stock indices, allowing traders to capture the pulse of major economies and diversify their portfolios accordingly. Investing in the Shares market enables participation in leading global companies, facilitating portfolio growth through equity investments. Furthermore, NCE supports trading in cryptocurrencies, unlocking opportunities in the volatile yet promising digital asset market, where innovative technologies and market trends drive investor interest and potential returns.Account TypesDemo Account NCE provides a demo account that allows you to try out the financial markets without the risk of losing money.Live Account NCE offers a total of 3 account types: Standard Accountm Raw Spread Account and VIP Account. The minimum deposit to open the Raw Spread Account and the Standard Account is $200. The threshold to open the VIP Account is $5000.Account TypeMinimum DepositRaw Spread$200Standard $200VIP $5,000Leverage When it comes to leverage, NCE enables its clients to use the maximum trading leverage up to 1:1000, which is greater than the levels regarded appropriate by any regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada. The company offers leverage ranges from 1000:1 for account equities between 0 to $999.99, gradually reducing to 100:1 for balances exceeding $20,000 for Forex, Metals, and Oil trading.Account Equity RangeLeverage Limit$0 - $999.991000:1$1000 - $4999.99800:1$5000 - $9999.99500:1$10000 - $20000200:1$20000 and above100:1 Cryptocurrency trading maintains fixed leverage ratios, with major pairs like BTCUSD and ETHUSD offering leverage up to 100:1, while smaller altcoins like MANAUSD and MATICUSD are leveraged at 10:1.SymbolsFixed LeverageBTCUSD, ETHUSD, LTCUSD100:1BCHUSD, XRPUSD, ADAUSD, EOSUSD, DOTUSD, DOGEUSD, LINKUSD20:1MANAUSD, SANDUSD, MATICUSD, AXSUSD10:1 Indices such as US30 and UK100 provide leverage up to 100:1, reflecting global market volatility and investor demand.SymbolsFixed LeverageUS30, US100, US500, UK100, China50, HongKong50, AU200, Japan225100:1 Shares trading offers a conservative approach with a fixed leverage of 20:1 across all listed stocks, ensuring stability and risk management in equity investments.SymbolsFixed LeverageAll Shares20:1 Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.Spreads & Commissions NCE offers competitive trading conditions with flexible spread and commission options across its account types:Account TypeSpreadCommissionRaw SpreadFloating from 0 pips$3.8/lotStandardFloating, not specified❌VIP$2/lot In the Raw Spread Account, traders benefit from floating spreads starting as low as 0 pips, providing tight pricing on Forex, metals, and other assets. Additionally, this account type charges a commission of $3.8 per lot traded, which is cost-effective for more active traders. For the Standard Account, no commission is applied, making it ideal for traders looking to avoid additional transaction costs while still benefiting from floating spreads designed to optimize trading profitability. On the other hand, the VIP Account offers enhanced trading conditions with a commission of $2 per lot, paired with floating spreads.Trading Platform NCE provides traders with the popular MetaTrader 5 (MT5) trading platform which is avaialbel on desktop, web and mobile devices. MT5 is a popular and widely recognized trading platform known for its user-friendly interface and robust features. It provides traders with access to a range of financial instruments, including Forex, indices, commodities, and more. MT5 offers advanced charting capabilities, technical analysis tools, customizable indicators, and the ability to automate trading strategies using Expert Advisors (EAs). Traders can also execute trades, manage orders, and monitor market conditions in real-time using MT5.FIX API NCE's FIX API offers tailored trading solutions across the market spectrum. It provides customized options for individual traders, enhances efficiency for asset managers and hedge funds, and enables automatic exchange and currency hedging for brokers and companies. With competitive pricing for institutional partners, this versatile API caters to diverse trading needs, from personalized strategies to large-scale operations.Trading Tools At NCE, traders benefit from access to a comprehensive Economic Calendar that highlights crucial economic events and indicators affecting global financial markets. This tool enables traders to stay informed about key announcements such as central bank decisions, economic data releases (like GDP reports and employment figures), and geopolitical events that can influence market sentiment and asset prices.Social Trading At NCE, social trading serves as a dynamic platform that bridges the gap between experienced investors (managers) and less seasoned traders, fostering a collaborative environment for learning and profit. This innovative feature allows novice traders to follow and emulate the strategies of successful investors, gaining insights into their trading decisions and techniques. Users can observe real-time trading activities, access performance metrics, and directly interact with managers to understand market trends and refine their own strategies. Beyond individual learning, NCE's social trading enhances community engagement by creating a supportive network where traders can share insights, discuss market developments, and collaborate on investment ideas. This interactive approach not only democratizes access to trading expertise but also encourages knowledge-sharing and mutual growth among participants.Deposits & Withdrawals NCE supports two main payment methods: UnionPay and bank transfers in USD, EUR, GBP, and PLN. These methods ensure flexibility for traders to fund their accounts and withdraw funds efficiently. The platform requires a minimum deposit of $100, with no commissions charged on deposits or withdrawals. Deposits are processed instantly, while withdrawals are typically completed within 1 working day.Customer Service NCE provides customer service primarily through email: support@ncemarkets.com, live chat, and a contact form.Q&A Is NCE regulated? NCE is currently offshore regulated by the Seychelles Financial Services Authority (FSA) with license no.SD112. Is NCE a good broker for beginners? Yes, NCE offers a a user-friendly platform and social trading function. Beginners can open a risk-free demo account first to test. Does NCE offer industry-leading MT4 & MT5? Yes, NCE provides access to MetaTrader 5 (MT5) on web, Windows and mobile devices. What is the minimum deposit NCE requires? The minimum deposit required by NCE is $100, but a minimum deposit to open an account is $200. Does NCE offer demo accounts? Yes. Are there any restricted areas for NCE's services? Yes, NCE SC Limited does not offer services to residents of certain jurisdictions including Iran, North Korea, Syria, Sudan, Gambia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, the United States, Japan, and Hong Kong.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Rating Index

UnionPay

Minimum Deposit
100

ETH

Minimum Deposit
100
How to login to NCE?
NCE Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially when it comes to creating and managing your accounts. This guide provides a comprehensive overview of the NCE platform, focusing on the registration, acco

  

NCE Forex Broker - Complete Information Guide

  

1. Broker Overview

  NCE, officially known as NCE SC Limited, was founded in 2021 and is headquartered in Claremont, Perth, Australia. This broker operates as a private entity, focusing primarily on retail forex trading, and has developed a client base that includes both individual traders and institutional clients. Over the past few years, NCE has aimed to establish itself in the forex market by offering a range of trading products and services.

  NCE's development has been marked by several milestones, including the launch of its trading platform and the introduction of various account types to cater to different trading needs. The broker has positioned itself to serve a global market, although it has faced challenges in terms of regulatory compliance and customer trust.

  The business model of NCE revolves around retail forex trading, offering leverage and a variety of trading instruments. The broker has sought to differentiate itself by promoting low trading costs and fast execution speeds, appealing to both novice and experienced traders.

  

2. Regulation and Compliance Information

  NCE operates under the regulatory oversight of the Seychelles Financial Services Authority (FSA), holding a retail forex license with the license number SD112. However, it is important to note that the regulatory status of NCE has raised concerns due to complaints regarding withdrawal issues and the cancellation of its Australian license.

  The broker's regulatory framework includes:

  • Regulatory Bodies: Seychelles FSA
  • License Number: SD112
  • License Validity and Scope: This license allows NCE to operate as a forex broker, but the offshore nature of the regulation may limit investor protection.
  • Legal Entities in Different Regions: NCE SC Limited is registered in Seychelles, and it has previously claimed to be regulated in Australia.
  • Client Funds Segregation Policy: NCE states that client funds are kept in segregated accounts, although the effectiveness of this policy has been questioned by users.
  • Investor Compensation Fund Participation: There is no clear indication that NCE participates in any investor compensation schemes, which raises concerns for potential investors.
  • KYC and AML Compliance Measures: NCE claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, but the effectiveness of these measures is often scrutinized.

  

3. Trading Products and Services

  NCE offers a diverse range of trading products and services, catering to various trading preferences. The broker provides access to over 80 financial instruments, including:

  • Forex Currency Pairs: NCE supports a wide array of currency pairs, allowing traders to engage in the global forex market.
  • CFD Products: The broker offers Contracts for Difference (CFDs) on various asset classes, including:
  • Indices: Major global indices are available for trading.
  • Commodities: Traders can access commodities such as gold and oil.
  • Stocks: A selection of shares from leading companies is offered.
  • Cryptocurrencies: NCE also supports trading in popular cryptocurrencies, catering to the growing demand for digital assets.

  NCE frequently updates its product offerings to keep pace with market trends, although the specifics of new product introductions are not always clearly communicated to clients. The broker focuses on providing retail trading services, with an emphasis on competitive pricing and fast execution.

  

4. Trading Platform and Technology

  NCE provides access to the widely recognized MetaTrader 5 (MT5) trading platform, which is available on desktop, web, and mobile devices. This platform is known for its user-friendly interface and advanced trading features, including:

  • Charting Tools: Comprehensive charting capabilities for technical analysis.
  • Customizable Indicators: Traders can utilize various indicators to enhance their trading strategies.
  • Expert Advisors (EAs): The platform supports automated trading through EAs, allowing for algorithmic trading strategies.

  In addition to MT5, NCE may offer proprietary trading solutions, although specific details about these platforms are less documented. The execution model primarily follows a Market Making approach, which can influence the trading experience.

  The broker's servers are reportedly based in the United States, ensuring a stable and efficient trading environment. NCE also offers API access for automated trading solutions, catering to institutional clients and advanced traders.

  

5. Account Types and Trading Conditions

  NCE offers several account types to cater to different trading preferences, including:

  • Standard Account: Requires a minimum deposit of $200, with floating spreads and no commission.
  • Raw Spread Account: Also requires a minimum deposit of $200, offering tight spreads starting from 0 pips but incurs a commission of $3.8 per lot.
  • VIP Account: Designed for high-volume traders, this account requires a minimum deposit of $5,000 and offers lower commissions of $2 per lot.

  NCE provides a demo account for traders to practice without risking real funds. The leverage offered by NCE can be as high as 1:1000, which is significantly higher than most regulated brokers, posing potential risks for inexperienced traders.

  The minimum trade size is typically set at 0.01 lots, and overnight fees are applied based on the positions held, although specific rates may vary.

  

6. Fund Management

  NCE supports various deposit methods, including:

  • Bank Transfers
  • Credit Cards
  • E-Wallets (specific options are not detailed)

  The minimum deposit requirement varies by account type, with the standard and raw spread accounts starting at $200. Deposits are generally processed instantly, while withdrawals are typically completed within 1 working day.

  NCE does not charge fees for deposits or withdrawals, but users have reported issues with withdrawal processing times, raising concerns about the broker's reliability in fund management.

  

7. Customer Support and Educational Resources

  NCE provides customer support through multiple channels, including:

  • Email: support@ncefx.com
  • Phone: +852 56100908
  • Live Chat: Available on the website

  The broker's support team operates primarily in English, with limited coverage for other languages. Customer service is available during standard business hours, although users have reported long wait times for responses.

  NCE also offers educational resources, including webinars, tutorials, and market analysis to help traders improve their skills. The market analysis includes daily updates and research reports to keep traders informed about market trends.

  

8. Regional Coverage and Restrictions

  NCE primarily serves clients in Australia and other international markets. However, it has specific restrictions and does not accept clients from certain jurisdictions, including:

  • United States
  • Japan
  • North Korea
  • Iran
  • Syria

  These restrictions are in place to comply with international regulations and to mitigate risks associated with operating in high-risk regions.

  In conclusion, while NCE offers a range of trading products and services, potential clients should carefully consider the regulatory environment and customer feedback before engaging with the broker.

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Latest Reviews

FX2742813621

FX2742813621

Hong Kong

On December 17, 2024, I deposited $5000 into the nce platform. Later, due to fund turnover, I applied to withdraw $3000 on December 19. The platform has been refusing to process it, not replying to emails, asking customers to wait, and even requesting video recordings. Until now, after half a year, my withdrawal has not been processed. They claim it is in the review stage. It's a black platform.

Exposure

07-10

FX2637531442

FX2637531442

Hong Kong

Ordering is very smooth, have been doing it for almost 3 years, very satisfied!

Positive

06-20

小泥巴

小泥巴

Hong Kong

At 2:30 am on April 11, the platform went offline preventing me from closing positions. I wasn't able to close my losing short position nor open a long one. After waiting for over 20 minutes, I needed to rest and couldn't keep an eye on the trades. When I woke up, I had a margin call. This platform also went offline for about 40 minutes on the evening of April 10. This dishonest platform offers no compensation. Is it normal for a platform to lag and prevent normal operation?

Exposure

04-21

NCE Forex Broker has an overall rating of 4.63, Regulatory Index 3.92, License Index 3.92, Business Index 7.22, Software Index 8.97 Risk Control Index 0.00.