Noor Capital UK 2025 Review: Everything You Need to Know
Noor Capital UK is a well-established forex and CFD broker that has been operational since 2005. It is regulated by the Central Bank of the UAE and the Department of Economic Development in Abu Dhabi, which adds a layer of credibility. However, user reviews present a mixed picture, with some praising its trading conditions while others raise concerns about customer service and withdrawal processes.
Note: It's essential to consider that Noor Capital operates in different jurisdictions, which may affect the services and regulations applicable to clients in various regions.
Ratings Overview
We assess brokers based on user feedback, expert opinions, and regulatory standards.
Broker Overview
Founded in 2005, Noor Capital UK is based in Abu Dhabi and is regulated by the Securities and Commodities Authority (SCA) and the Department of Economic Development (DED). The broker offers trading via the MetaTrader 5 (MT5) platform and provides access to various asset classes, including forex, commodities, indices, and equities. However, it lacks a Tier 1 regulatory license, which may limit its appeal to traders in more strictly regulated areas like the EU or UK.
Detailed Breakdown
Regulated Areas/Regions:
Noor Capital is primarily regulated in the UAE, specifically by the SCA and DED. It does not have a license to operate in the EU or UK, which is a significant consideration for potential clients from these regions.
Deposit/Withdrawal Currencies:
The broker accepts deposits and withdrawals in USD and AED. However, it does not support popular cryptocurrencies, which may limit options for some traders.
Minimum Deposit:
Information regarding the minimum deposit requirement is inconsistent across sources, with some stating it is unspecified, raising concerns about transparency.
Bonuses/Promotions:
Currently, Noor Capital does not offer any bonuses or promotional offers, which may be a drawback for traders looking for incentives.
Tradeable Asset Classes:
Noor Capital offers a range of trading instruments, including over 60 forex pairs, commodities like gold and silver, indices such as the S&P 500, and various equities. However, there are no cryptocurrency trading options available.
Costs (Spreads, Fees, Commissions):
The spreads start from 2 pips for major currency pairs like EUR/USD, which is higher than the industry average of about 1-1.5 pips. The broker charges commissions based on trading volume, with lower rates for higher volumes, making it more favorable for high-volume traders.
Leverage:
Noor Capital offers leverage of up to 1:100, which is relatively low compared to other brokers that provide leverage as high as 1:500. This lower leverage might appeal to risk-averse traders, but it could deter those looking to maximize their potential returns.
Allowed Trading Platforms:
The primary trading platform offered is MetaTrader 5 (MT5), which supports various trading features. However, some users have expressed disappointment that the broker does not offer MetaTrader 4 (MT4), which remains popular among many traders.
Restricted Regions:
Noor Capital does not provide services to clients in the EU, UK, or the US, which could limit its accessibility for many potential traders.
Available Customer Service Languages:
Customer support is available in English and Arabic, which caters to its primary user base in the UAE. However, the support is limited to 24/5 availability, which may leave clients without assistance over the weekend.
Repeated Ratings Overview
Detailed Breakdown of Ratings
Account Conditions (6/10):
Noor Capital offers tiered accounts based on trading volume, which may benefit active traders. However, the lack of transparency regarding minimum deposits is a concern.
Tools and Resources (5/10):
The broker provides basic tools like an economic calendar and trading signals, but the educational resources are limited compared to other brokers.
Customer Service and Support (5/10):
Customer service has received mixed reviews, with some users experiencing delays in withdrawal processing and a lack of support during weekends.
Trading Experience (6/10):
The overall trading experience is average, with competitive spreads for high-volume traders, but some users have reported issues with execution speed and price transparency.
Trustworthiness (6/10):
While Noor Capital is regulated, the lack of a Tier 1 license and some negative user experiences raise questions about its overall trustworthiness.
User Experience (5/10):
User experiences vary widely, with some praising the platform's usability while others cite issues with withdrawals and account management.
In conclusion, Noor Capital UK presents a mixed picture for potential traders. While it has the advantage of being a regulated broker in the UAE, the lack of a Tier 1 license, coupled with some negative user experiences, suggests that traders should exercise caution. As always, conducting thorough research and understanding the risks involved in trading is crucial.
