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NCM Investment

Kuwait|2-5 years|
Suspicious Scope of Business|High potential risk|

https://www.noorcmtest.com/

Website

Rating Index

Contact

+965 2225 3888
cs@ncminvest.com
https://www.noorcmtest.com/
Mezzanine Floor, Dar Al Awadi Tower Ahmad Al Jaber Street Sharq, Kuwait

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

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+965 2225 3888

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Broker Information

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Company Name

NCM investment

Abbreviation

NCM Investment

Platform registered country and region

Kuwait

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Warning: Low score, please stay away!
Previous Detection : 2024-11-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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NCM Investment · WikiFX Survey

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NCM Investment · Company Summary

Aspect Information
Company Name NCM Investment
Registered Country/Area Kuwait
Years 2-5 years
Regulation Unregulated
Market Instruments Forex, Gold & Silver, Oil & Gas, Agriculture, US Indices, and CFDs on Share and Indices
Account Types Standard, Standard Market, Standard Variable, and Plus
Minimum Deposit 500$
Maximum Leverage 1:100
Spreads Fixed and Variable
Trading Platforms MT4/5
Demo Account Yes
Customer Support Phone (Kuwait Headquater +965-2225 3888, UAE +971 4 319 9630, Turkey +90-212280 6666, and Jordan +9626 5622404) and Ticket
Deposit & Withdrawal Knet, Credit Cards, UAE Debit Card, NAPS, and Benefit
Educational Resources Academy, Market News, and Economic Caldendar

Overview of NCM Investment

NCM Investment, based in Kuwait and operating for 2-5 years, offers a range of market instruments including Forex, Gold & Silver, Oil & Gas, Agriculture, US Indices, and CFDs on Share and Indices. Despite being unregulated, the company provides account types such as Standard, Standard Market, Standard Variable, and Plus, with a minimum deposit requirement of $500 and a maximum leverage of 1:100.

Traders can choose between fixed and variable spreads while utilizing popular trading platforms like MT4/5, supported by a demo account for practice. Customer support is accessible via phone through various regional headquarters, including Kuwait, UAE, Turkey, and Jordan, as well as through a ticketing system.

Deposit and withdrawal options include Knet, Credit Cards, UAE Debit Card, NAPS, and Benefit. NCM Investment also offers educational resources such as an Academy, Market News, and an Economic Calendar to assist traders in making informed decisions.

Overview of NCM Investment

Regulatory Status

NCM Investment operates as an unregulated trading platform.

Unregulated financial institutions are not subject to oversight and regulations imposed by regulatory authorities. This absence of regulation means that investors may not have access to protections such as insurance on deposits, compensation schemes, or dispute resolution mechanisms in case of financial losses or disputes.

Pros and Cons

Pros Cons
A range of market instruments Lack of regulation
Multiple account types available Higher risk of fraud
Demo account option Relatively higher minimum deposit
Accessible customer support Operational and reputation risk
Educational resources available Legal uncertainty

Pros:

  1. A range of market instruments: NCM Investment offers a range of market instruments including Forex, Gold & Silver, Oil & Gas, Agriculture, US Indices, and CFDs on Share and Indices. This variety provides traders with multiple opportunities to diversify their portfolios and explore different markets.

  2. Multiple account types available: The availability of multiple account types, such as Standard, Standard Market, Standard Variable, and Plus, allows traders to choose an account that best suits their trading preferences and objectives.

  3. Demo account option: NCM Investment provides a demo account option, enabling traders to practice trading strategies and familiarize themselves with the platform's features without risking real money. This can be beneficial for novice traders looking to gain experience in a risk-free environment.

  4. Accessible customer support: NCM Investment offers accessible customer support through phone lines in various regional headquarters, including Kuwait, UAE, Turkey, and Jordan, as well as through a ticketing system. This ensures that traders can easily seek assistance and resolve any issues they may encounter.

  5. Educational resources available: NCM Investment provides educational resources such as an Academy, Market News, and an Economic Calendar. These resources can help traders enhance their knowledge and skills, enabling them to make more informed trading decisions.

Cons:

  1. Lack of regulation: One significant drawback of NCM Investment is its lack of regulation. Operating as an unregulated financial institution exposes traders to various risks, including limited investor protection, higher risk of fraud, and legal uncertainty.

  2. Higher risk of fraud: Without regulatory oversight, there is an increased risk of fraudulent activities within unregulated financial institutions. Traders may be vulnerable to deceptive practices, mismanagement of funds, or other fraudulent schemes.

  3. Relatively higher minimum deposit: NCM Investment requires a minimum deposit of $500, which may be considered relatively higher compared to some other brokers in the industry.

  4. Operational and reputation risk: Unregulated financial institutions may face operational challenges and reputational risks due to the lack of governance structures, risk management protocols, and internal controls. This could lead to financial instability or damage to the company's reputation.

  5. Legal uncertainty: Operating without regulation can create legal uncertainty for both NCM Investment and its clients. Without clear regulatory guidance and oversight, legal disputes or regulatory enforcement actions may arise, leading to costly litigation, fines, or other penalties.

Market Instruments

NCM Investment provides a range of market instruments for traders to explore, including:

Forex: Also known as foreign exchange or currency trading, Forex allows traders to speculate on the exchange rates between different currency pairs, such as EUR/USD or GBP/JPY. It's one of the largest and most liquid financial markets globally, offering opportunities for profit through buying and selling currency pairs.

Gold & Silver: Precious metals like gold and silver are popular commodities for trading due to their intrinsic value and historical significance. Traders can speculate on the price movements of gold and silver, taking advantage of their safe-haven status during times of economic uncertainty or inflation.

Oil & Gas: Trading in oil and gas commodities involves speculating on the price movements of crude oil, natural gas, and other related products. These commodities play a crucial role in the global economy and are influenced by factors such as supply and demand dynamics, geopolitical events, and macroeconomic trends.

Agriculture: Agricultural commodities include crops like wheat, corn, soybeans, and coffee, among others. Trading in agricultural commodities allows investors to take positions on the prices of these essential goods, which are influenced by factors such as weather conditions, crop reports, and global demand trends.

US Indices: Indices such as the S&P 500, Dow Jones Industrial Average, and NASDAQ Composite represent baskets of stocks from various sectors of the US economy. Trading in US indices enables investors to gain exposure to the overall performance of the US stock market and capitalize on broad market trends.

CFDs on Share and Indices: Contract for Difference (CFD) trading allows investors to speculate on the price movements of individual stocks or entire indices without owning the underlying assets. CFDs offer flexibility and leverage, enabling traders to potentially profit from both rising and falling markets.

Market Instruments

Account Types

NCM Investment offers a variety of account types tailored to meet the needs of traders.

The Standard account features fixed spreads, a leverage ratio of 1:100, and a minimum deposit requirement of $1000.

Similarly, the Standard Market account also offers fixed spreads, a leverage ratio of 1:100, and a minimum deposit of $1000.

For traders seeking flexibility, the Standard Variable account provides variable spreads while maintaining the same leverage ratio of 1:100 and a minimum deposit of $1000.

Additionally, the Plus account offers fixed spreads with a dynamic leverage option and a lower minimum deposit requirement of $500.

Account Type Spread Leverage Minimum Deposit
Standard Fixed 100 $1,000
Standard Market Fixed 100 $1,000
Standard Variable Variable 100 $1,000
Plus Fixed Dynamic $500
Account Types

How to Open an Account?

Opening an account with NCM Investment is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

  1. Visit the NCM Investment website and click “Open Account.”

How to Open an Account?
  1. Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

  2. Fund your account: NCM Investment offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

  3. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

  4. Start trading: Once your account is verified, you're ready to explore the NCM Investment trading platform and start making trades.

How to Open an Account?

Leverage

With leverage of 1:100, traders can control a larger position size relative to their initial investment. This means that even small price movements in the market can result in substantial profits, as gains are multiplied by the leverage ratio.

Trading Platform

NCM Investment provides traders with access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their user-friendly interfaces and powerful features. These platforms allow traders to analyze markets and execute trades effortlessly, regardless of their experience level.

MT4/5 offer advanced charting tools, enabling traders to analyze price movements and market trends effectively. They also support automated trading through Expert Advisors (EAs) and custom indicators, making it easier for traders to implement and test their strategies.

With various order types available, including market orders and stop orders, traders can manage their trades efficiently and implement risk management strategies. The platforms provide real-time market data, news updates, and economic calendars, keeping traders informed about market developments.

Mobile trading is possible with MT4/5 mobile apps, allowing traders to access their accounts and trade from anywhere. These platforms support trading across multiple assets, including Forex, commodities, indices, and CFDs, all within a secure environment.

Trading Platform

Deposit & Withdrawal

NCM Investment offers a variety of convenient deposit and withdrawal methods for the needs of its clients. These methods include Knet, Credit Cards, UAE Debit Card, NAPS (National Automated Payment System), and Benefit.

  1. Knet: Knet is a popular payment method in Kuwait, allowing clients to securely transfer funds directly from their bank accounts to their trading accounts with NCM Investment. This method offers fast and convenient transactions for Kuwait-based clients.

  2. Credit Cards: NCM Investment accepts credit card payments, providing clients with a convenient way to deposit funds into their trading accounts. Clients can use major credit cards such as Visa and Mastercard for instant deposits, enabling quick access to trading capital.

  3. UAE Debit Card: For clients based in the UAE, NCM Investment accepts debit card payments, allowing them to transfer funds directly from their bank accounts to their trading accounts. This method offers a secure and hassle-free way to deposit funds without the need for a credit card.

  4. NAPS (National Automated Payment System): NAPS is a payment system commonly used in certain regions, providing clients with a reliable and efficient way to transfer funds electronically. Clients can use NAPS to deposit funds into their trading accounts with ease.

  5. Benefit: Benefit is a payment network widely used in Bahrain, offering clients a convenient way to transfer funds to their trading accounts with NCM Investment. Clients can initiate deposits through the Benefit network, ensuring secure and timely transactions.

Deposit & Withdrawal

Customer Support

NCM Investment offers convenient customer support options, including phone support and a ticketing system, to assist traders with their inquiries and concerns.

Traders can reach out to customer support representatives via phone using dedicated hotline numbers for different regions. These hotline numbers include Kuwait headquarters number (+965-2225 3888), the UAE number (+971 4 319 9630), Turkey number (+90-212280 6666), and Jordan number (+9626 5622404). By providing regional hotline numbers, NCM Investment ensures that traders can easily access assistance tailored to their specific location, facilitating prompt and efficient communication with customer support representatives.

Additionally, NCM Investment offers a ticketing system for customer support, allowing traders to submit their queries or issues electronically. Through the ticketing system, traders can log their inquiries and receive timely responses from the customer support team. This ticketing system streamlines the support process, ensuring that all inquiries are addressed promptly and efficiently, enhancing the overall customer experience.

Customer Support

Educational Resources

NCM Investment offers a range of educational resources designed to empower traders with knowledge and insights to enhance their trading skills and decision-making.

  1. Academy: The Academy section provides traders with comprehensive educational materials, including tutorials, articles, videos, and webinars covering various aspects of trading. These resources cover topics such as technical analysis, fundamental analysis, risk management, trading psychology, and more. Whether traders are beginners looking to learn the basics or experienced traders seeking to deepen their knowledge, the Academy offers valuable resources to support their learning journey.

  2. Market News: NCM Investment provides timely market news updates to keep traders informed about the latest developments in financial markets. Through the Market News section, traders can access breaking news, market analysis, economic indicators, geopolitical events, and other factors influencing market movements. Staying up-to-date with relevant news and events is crucial for making informed trading decisions, and the Market News section serves as a valuable resource for traders to stay informed about market trends and opportunities.

  3. Economic Calendar: The Economic Calendar feature provides traders with a schedule of upcoming economic events, including key economic indicators, central bank announcements, and other important events that may impact financial markets. Traders can use the Economic Calendar to plan their trading strategies around significant market-moving events, understand their potential impact on various asset classes, and make informed trading decisions based on anticipated market volatility. By staying abreast of economic events, traders can better navigate market fluctuations and capitalize on trading opportunities.

Educational Resources

Conclusion

In conclusion, NCM Investment offers a wide range of market options, various account types, a demo account, accessible support, and educational resources, making it appealing for traders.

However, it lacks regulation, which brings risks like fraud and legal uncertainty. Also, its relatively high minimum deposit may deter some traders. Therefore, while it has benefits, traders should be cautious about these drawbacks before using NCM Investment.

FAQs

Q: What types of market instruments does NCM Investment offer?

A: NCM Investment offers a range of market instruments, including Forex, Gold & Silver, Oil & Gas, Agriculture, US Indices, and CFDs on Share and Indices.

Q: Does NCM Investment provide different types of trading accounts?

A: Yes, NCM Investment offers multiple account types, such as Standard, Standard Market, Standard Variable, and Plus, allowing traders to choose the account that best suits their needs.

Q: Is there a demo account option available for traders?

A: Yes, NCM Investment provides a demo account option, allowing traders to practice trading strategies and explore the platform's features without risking real money.

Q: How can I contact customer support at NCM Investment?

A: You can contact NCM Investment's customer support team through phone lines in various regional headquarters, including Kuwait, UAE, Turkey, and Jordan, as well as through a ticketing system.

Q: What deposit and withdrawal methods does NCM Investment accept?

A: NCM Investment accepts various deposit and withdrawal methods, including Knet, Credit Cards, UAE Debit Card, NAPS, and Benefit.

Q: What is the minimum deposit requirement to open an account with NCM Investment?

A: The minimum deposit requirement to open an account with NCM Investment is $500.

Q: Does NCM Investment provide educational resources for traders?

A: Yes, NCM Investment offers educational resources such as an Academy, Market News, and an Economic Calendar to help traders enhance their knowledge and skills.

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