NCM Investment Review 2024

Quick Links

• Our Review Method

• What is NCM Investment?

• NCM Investment Pros and Cons

• Is NCM Investment Safe or a Scam?

• Leverage

• Account Types

• How to Open an NCM Investment Live Account?

• Trading Instruments

• NCM Investment Fees

• Spreads

• Deposits and Withdrawals

• Trading Platform

• Customer Support

• Education

• Conclusion

Our Review Method ▲

In conducting this review, we employed a comprehensive methodology, comparing NCM Investment against over 1000 brokers on various parameters including licensing, market range, user experience, fees, customer support, and trading platforms. This in-depth analysis is designed to provide potential traders with a clear understanding of NCM Investment's offerings, enabling them to make informed decisions.

What is NCM Investment? ▲

NCM Investment, previously known as Noor Capital Markets or Noorcm, is an online Forex trading entity offering a wide array of financial trading services to a broad spectrum of clients, including both individual and institutional investors. The brokerage's offerings encompass Forex, Gold & Silver, Oil & Gas, Agriculture, in addition to CFDs on Shares and Indices. Founded in 2009 in Kuwait, our findings reveal that the broker has since secured licenses and adheres to regulations from multiple financial authorities, such as the CMA in Kuwait, Labuan FSA in Malaysia, SCA in the UAE, CMB in Turkey, and JSC in Jordan. NCM Investment stands out as a reputable Forex and CFD broker within the Middle East, presenting competitive and transparent trading solutions to traders of all skill levels, a varied selection of sought-after market assets, and leveraging the globally acclaimed MetaTrader platforms.

NCM Investment Pros and Cons ▲

Pros

• Offers renowned MT4 and MT5 trading platforms, ensuring efficient trade execution.

• Provides both fixed and variable spreads, catering to diverse trading preferences.

• Features SwapFree accounts tailored for Muslim traders.

• Includes a comprehensive learning Academy, making the service suitable for novice traders.

Cons

• Trading conditions may vary by entity.

• Lacks 24/7 customer support, potentially inconveniencing some traders.

• Absence of toptier regulatory oversight, suggesting possible deviations from stringent regulatory standards.

• Limited global availability, necessitating verification of account opening eligibility with the broker.

Is NCM Investment Safe or a Scam? ▲

NCM Investment is indeed a safe choice for traders. It is recognized as a trustworthy Forex trading broker within the MENA region, operating under the regulatory oversight of the Capital Markets Authority (CMA) in Kuwait, alongside holding additional licenses. These regulatory entities impose strict regulations and guidelines, ensuring the broker's secure operation.

Is NCM Investment Legit?

Yes, NCM Investment is a legitimate and regulated broker, albeit not under top-tier regulatory bodies, as it is based in other regions. Adherence to the regulatory standards set by the CMA boosts traders' confidence and safety when trading with this broker. Our assessed NCM Investment Trust Score stands at 7.0 out of 10, reflecting its commendable reputation and services. However, it is noteworthy that trading services are accessible through offshore entities as well.

How Are You Protected?

NCM Investment prioritizes the security of its clients' funds, ensuring their segregation from the company's operational funds. This means that traders' capital is stored separately and not utilized for the broker's operational expenses. Although NCM Investment does not adhere to the stringent measures mandated by leading regulators, it has implemented certain protocols to safeguard funds. Nonetheless, the level of fund safety may differ across various jurisdictions where the broker operates.

Leverage ▲

Leverage is a pivotal trading tool that grants Forex traders the opportunity to participate in the market with minimal capital while achieving increased market exposure. It's crucial to grasp the functioning of leverage and its possible outcomes, as it can amplify both profits and losses. Under the regulations of CMA, Labuan FSA, SCA, CMB, and JSC, traders in the MENA region can access leverage up to 1:100 for major currency pairs with NCM Investment. This level of leverage is considered high, especially when compared to the 1:30 limit imposed by many popular regulatory authorities globally.

Account Types ▲

In our comprehensive assessment of NCM Investment, we discovered that traders have the option to choose between two distinct account types: Variable Execution and Plus Leverage. For newcomers to the trading scene, a Demo account is available at no cost, offering a safe environment for practicing trading techniques and executing trial trades to fine-tune strategies. Catering to the needs of Muslim clients, the broker also provides Swap-Free and Islamic accounts, ensuring adherence to Shariah law.

How to Open an NCM Investment Live Account? ▲

Establishing an account with NCM Investment is a straightforward and swift process, typically completed within minutes. To initiate the process, navigate to the "Open Real Account" page, fill in the requisite personal details (such as name, email, and phone number), and proceed to verify your identity by uploading the necessary documentation (proof of residence, identification, etc.). An electronic quiz assessing your trading experience is also part of the process. Following the activation and verification of your account, you can then proceed to make a deposit.

Trading Instruments ▲

NCM Investment grants access to a broad spectrum of popular markets for its clientele, including Forex, Commodities, Precious Metals, Energy, Agriculture, CFDs on Shares, and Indices. The Forex market, in particular, is highlighted for its global recognition, high liquidity, and competitive spreads. However, it's important to note that the availability of trading instruments might differ across different entities of the broker. It is, therefore, advisable to conduct thorough research to gain a full understanding of the diverse range of trading instruments offered. The selection of trading instruments at NCM Investment has received a score of 3.9 out of 5, reflecting a solid range but also indicating that some popular asset classes are missing, suggesting potential traders to explore other brokers as well.

NCM Investment Fees ▲

NCM Investment is known for its competitive pricing structure for trading products, emphasizing transparency by avoiding hidden charges. Nevertheless, traders should be aware that certain fees related to deposits and withdrawals might be applicable, which tend to vary based on the chosen funding method and the client's country of registration. After extensive testing and comparison with over 1000 other brokers, NCM Investment's fees have been assessed as average, with a score of 3.8 out of 5. This rating reflects a balance between competitive pricing and the presence of some charges that traders need to consider.

Spreads ▲

Through our evaluation, we found that NCM Investment offers both fixed and floating spreads, with the EUR/USD currency pair exhibiting an average spread of 2 pips, marginally above the industry norm. The broker's spread offerings for all major currency pairs and other widely traded instruments are notably competitive. However, trading conditions, including spreads, may vary across different entities of the broker. As a result, it's crucial for traders to investigate the specific spread conditions applicable to them. NCM Investment's spreads have been rated as average, achieving a score of 3.6 out of 5 in our comparative analysis. While the Forex spreads were found to be slightly higher, spreads for other trading instruments remain competitive within the market.

Deposits and Withdrawals ▲

Clients opting for NCM Investment have the ability to fund their trading accounts using the KNET credit/debit card option. It's essential to note that the specifics surrounding funding methods, including requirements and limitations, can vary depending on the financial institution and the client's geographic location.

NCM Investment's funding methods have been evaluated as positive, earning a score of 3.5 out of 5. The associated fees are competitively low, and clients have the advantage of choosing from various account-based currencies.

• Key insights into NCM Investment's funding methods include:

Pros

• Competitive fees

• Variety of accountbased currencies

Cons

• Variations in requirements based on location and financial institution

NCM Investment's minimum deposit requirement to open a live trading account is $500 for Plus Leverage accounts. This initial deposit amount is in line with industry standards.

The withdrawal process at NCM Investment is designed to be smooth and swift, ensuring traders can access their funds with ease. However, the timeline for fund availability can vary based on the chosen payment provider.

To withdraw funds from NCM Investment, the steps are as follows:

1. Log in to your account

2. Navigate to 'Withdraw Funds' from the menu

3. Specify the amount to withdraw

4. Select your preferred withdrawal method

5. Fill out the electronic request form with the required information

6. Review and confirm the withdrawal details before submitting

7. Monitor the status of your withdrawal through your account dashboard

Trading Platform ▲

NCM Investment provides its traders with the choice of the widely acclaimed MetaTrader 4 and MetaTrader 5 platforms. These platforms are accessible across both desktop and mobile devices, allowing traders the flexibility to stay connected with market movements and execute trades from anywhere.

Known for their intuitive interface, extensive features, and ability to support automated trading strategies, the MetaTrader platforms facilitate a confident trading experience. Traders can engage at their preferred pace, backed by professional trading tools.

The platform offering by NCM Investment is rated positively, receiving a score of 4.3 out of 5. This rating is based on a comparison with over 1000 brokers, highlighting the broker's commendable provision of the MT4 and MT5 platforms.

Trading Tools

NCM Investment furnishes traders with a suite of advanced trading tools. These include sophisticated charting capabilities, an economic calendar, and an array of technical indicators. Furthermore, the platforms support automated trading through the use of Expert Advisors (EAs) and algorithmic strategies.

Customer Support ▲

NCM Investment extends 24/6 customer support accessible via Live Chat, Email, Phone, and Social Media. The support team comprises experienced trading specialists equipped to assist with a variety of issues ranging from technical glitches to market analysis, operational inquiries, and more.

The broker's customer support has been assessed as strong, obtaining a score of 4.0 out of 5. This evaluation is based on the promptness and expertise of the responses received during our review period.

Education ▲

Lastly, NCM Investment hosts the NoorCM Academy, an exceptional educational resource. Traders have access to a broad spectrum of educational materials, including webinars, workshops, research and analysis tools, an economic calendar, market news, E-Books, and more. These resources aim to bolster traders' knowledge base and enhance their decision-making skills.

The educational offerings from NCM Investment achieve a rating of 4.0 out of 5, reflecting the high quality of materials and research available. These resources cater effectively to both novice traders and those looking to refine their trading strategies.

Conclusion ▲

Conclusively, NCM Investment is distinguished as a reliable online Forex broker, particularly noted for its strong presence in the Middle East. Through its multiple regulations and licenses, the broker has cemented its reputation as a dependable and trustworthy option within the MENA region. Traders are offered competitive and transparent trading solutions, underscored by the reputable MetaTrader platforms.

Despite its merits, potential limitations include varying trading conditions across different entities and a limited selection of popular trading instruments. Nevertheless, the provision of Swap-Free accounts for Muslim traders and the comprehensive educational resources of the NoorCM Academy enrich the broker's appeal.

While NCM Investment stands as a credible choice for traders at all levels, it's advisable to conduct extensive research to determine if the broker aligns with your specific trading requirements, considering the possible variations in conditions.

• According to our analysis and financial expert insights, NCM Investment is best suited for:

• Traders within the MENA region

• CFD and currency trading enthusiasts

• Users of the MT4 and MT5 platforms

• Beginner traders

• Advanced traders

• Institutional clients

• Muslim traders seeking SwapFree accounts

• Those interested in market making execution

• Individuals seeking competitive fees and spreads

• Clients looking for White Label solutions

• Traders interested in EA/Auto trading

• Users seeking highquality trading tools and educational materials