NCM Investment Review 1
NCM Investment's website looks a bit outdated. And this company does not have any regulatory license, so I dare not invest rashly.
NCM Investment Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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NCM Investment's website looks a bit outdated. And this company does not have any regulatory license, so I dare not invest rashly.
NCM Investment has garnered attention in the forex trading community, particularly in the MENA region. This broker, established in 2009, offers a variety of trading services across multiple financial markets. However, while it presents itself as a reliable option, user experiences and expert analyses indicate a mix of strengths and weaknesses. Key features include a minimum deposit requirement of $500, access to popular trading platforms like MT4 and MT5, and a range of tradable assets including forex, commodities, and CFDs.
Note: Its essential to consider that trading conditions may vary across different regulatory entities under NCM Investment. Our review methodology involved analyzing various sources to ensure fairness and accuracy in presenting the broker's features.
Category | Rating (out of 10) |
---|---|
Account Conditions | 7.0 |
Tools and Resources | 8.0 |
Customer Service and Support | 6.5 |
Trading Setup (Experience) | 7.5 |
Trustworthiness | 7.0 |
User Experience | 6.0 |
How We Rated the Broker: Our ratings are based on comprehensive research and user feedback from various credible sources.
NCM Investment, formerly known as Noor Capital Markets, is headquartered in Kuwait and operates under several regulatory bodies, including the Capital Markets Authority (CMA) in Kuwait and the Labuan Financial Services Authority (Labuan FSA) in Malaysia. The broker provides access to both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely recognized for their user-friendly interfaces and robust trading capabilities. Traders can access a diverse range of assets, including forex pairs, commodities, indices, and CFDs on shares.
Regulated Regions: NCM Investment is regulated in multiple jurisdictions, including Kuwait, Malaysia, the UAE, Turkey, and Jordan. However, the level of regulation varies, with some entities offering more robust protections than others.
Deposit/Withdrawal Currencies: The broker primarily operates in USD, but also accepts deposits in KWD and other currencies depending on the client's location.
Minimum Deposit: The minimum deposit to open an account is $500, which some users find high compared to other brokers that allow lower initial investments.
Bonuses/Promotions: There are no significant bonuses or promotions mentioned in the sources reviewed, which may limit the appeal for new traders looking for incentives.
Tradable Asset Classes: NCM Investment offers a range of trading instruments, including over 55 forex pairs, commodities like gold and oil, and various CFDs. However, some reviews suggest that the selection may not be as extensive as offered by other brokers.
Costs (Spreads, Fees, Commissions): The average spread for the EUR/USD pair is around 2 pips, which is slightly higher than some competitors. NCM Investment does not charge deposit or withdrawal fees, which adds to its attractiveness.
Leverage: The maximum leverage offered is 1:100, which is considered relatively high compared to many regulated brokers that cap leverage at lower levels for retail clients.
Allowed Trading Platforms: NCM Investment supports both MT4 and MT5 platforms, which are favored by traders for their advanced features and capabilities.
Restricted Regions: While NCM Investment operates in a wide range of countries, specific restrictions apply, and potential clients should verify their eligibility before attempting to open an account.
Available Customer Support Languages: Customer support is available in several languages, including English, Arabic, and Turkish, catering to its diverse user base.
Category | Rating (out of 10) |
---|---|
Account Conditions | 7.0 |
Tools and Resources | 8.0 |
Customer Service and Support | 6.5 |
Trading Setup (Experience) | 7.5 |
Trustworthiness | 7.0 |
User Experience | 6.0 |
Account Conditions: The minimum deposit requirement of $500 is considered high by some traders, especially beginners. However, the broker offers different account types, which may suit various trading strategies and preferences.
Tools and Resources: NCM Investment provides traders with access to educational resources and analytical tools, enhancing their trading experience. The presence of a demo account allows new traders to practice without financial risk.
Customer Service and Support: While customer support is available via multiple channels, including phone and email, some users have reported slow response times. The lack of 24/7 support could be a drawback for traders requiring immediate assistance.
Trading Setup (Experience): The trading experience is generally positive, with the availability of popular platforms like MT4 and MT5. However, some reviews indicate that the spreads might be higher than average during volatile market conditions.
Trustworthiness: NCM Investment is regulated in various jurisdictions, which adds a layer of security for traders. However, the absence of top-tier regulatory oversight may raise concerns for some users.
User Experience: Overall user feedback is mixed, with some praising the broker's services while others express concerns about the high minimum deposit and customer support responsiveness.
In conclusion, the NCM Investment review reveals a broker that offers a solid trading platform and a variety of assets but comes with certain limitations, particularly regarding customer support and minimum deposit requirements. Prospective traders should weigh these factors carefully to determine if NCM Investment aligns with their trading goals and risk tolerance.