NCM Forex Broker

NCM Review SummaryFounded1993Registered Country/RegionKuwaitRegulationFCA, SCA, LFSAMarket InstrumentsForex (FX), Gold & Silver, Oil & Gas, Agriculture, and CFDs on Shares and IndicesDemo Account✅LeverageUp to 1:100Trading PlatformMT5Minimum Deposit3,000 USDCustomer Support24/6 supportLive chatTel:Kuwait：+965 181 3888UAE：+971 4319 9630Jordan：+962 6562 2404Turkey：+90 2122 80 6666Email: cs@ncminvest.comNCM Information NCM is a multi-asset broker founded in 1993 and headquartered in Kuwait, regulated by the FCA, SCA, and Labuan FSA. It offers five types of trading instruments, including forex, precious metals, energy, agriculture, and stock index CFDs on the MT5 platform. However, it has a high account opening requirement (USD 3,000) and limited transparency on fees.Pros and ConsProsConsRegulated wellLimited information on fees5 types of trading instrumentsHigh minimum depositDemo accounts availableLong operation timeIs NCM Legit? NCM holds three valid financial licenses: an Institution Forex License issued by the UK Financial Conduct Authority (FCA) with license number 1000594, a Retail Forex License issued by the Securities and Commodities Authority (SCA) of the United Arab Emirates with license number 20200000158, and a Straight Through Processing (STP) license issued by the Labuan Financial Services Authority (Labuan FSA) in Malaysia with license number MB/22/0092.Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberUnited KingdomFCANCM FINANCIAL UK LTDInstitution Forex1000594United Arab EmiratesSCANCM FINANCIAL SERVICES L.L.CRetail Forex20200000158MalaysiaLabuan FSANCM Investment for Money Broking Ltd.Straight Through Processing (STP)MB/22/0092What Can I Trade on NCM? NCM offers 5 types of products: Forex (FX), Gold & Silver, Oil & Gas, Agriculture, and CFDs on Shares and Indices.Tradable InstrumentsSupportedForex✔Gold & Silver✔Oil & Gas✔Agriculture✔CFDs on shares✔CFDs on indices✔Cryptos❌Bonds❌Options❌ETFs❌Account Type NCM offers two types of accounts: the Variable Execution account and the Plus Leverage account. It also offers risk-free demo accounts.Account TypeVariable ExecutionPlus LeverageMinimum Deposit3,000 USDLeverage1:100DynamicSpreadVariableTrading ProductsForex, Indices, Commodities, Energies, AgricultureOnly CurrenciesExecution TypeMarketStop - Out10%, 20% or less20% or lessSwap ChargesFree Swap on MajorsLeverage The Variable Execution account offers fixed leverage of 1:100, while the Plus Leverage account provides dynamic leverage based on trading conditions.Trading Platform NCM supports the MT5 trading platform, which is available on Windows 7/8.1/10, Apple, and Android devices, and is suitable for all types of traders.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Windows 7/8.1/10, Apple and Android devicesExperienced tradersMT4❌/BeginnersDeposit and Withdrawal NCM supports payments via Kuwait e-wallet (Knet), Visa MasterCard, UAE Debit Card (Visa MasterCard), NAPS, and Benefit.