NCM

NCM 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 Cons

Is 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.

What Can I Trade on NCM?

NCM offers 5 types of products: Forex (FX), Gold & Silver, Oil & Gas, Agriculture, and CFDs on Shares and Indices.

Account Type

NCM offers two types of accounts: the Variable Execution account and the Plus Leverage account. It also offers risk-free demo accounts.

Leverage

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.

Deposit and Withdrawal

NCM supports payments via Kuwait e-wallet (Knet), Visa MasterCard, UAE Debit Card (Visa MasterCard), NAPS, and Benefit.