NCE Information
NCE operates under the trading name NCE SC Limited, focusing on forex, commodities, indices, shares, and cryptos trading. However, its status as FSA (The Seychelles Financial Services Authority) offshore raises significant credibility concerns for traders. Caution is advised due to regulatory flags that can impact reliability and investor protection.
Pros & Cons
Is NCE Legit?
When considering the safety of a brokerage like NCEor any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: NCE operates under the Seychelles Financial Services Authority (FSA) offshore with license number SD112.
- User feedback: NCE has been flagged for withdrawal issues in an exposures on WikiFX, questioning the broker's reliability. This serves as a warning for anyone considering their services, urging utmost caution due to potential issues with fund withdrawals.
- Security measures: At NCE, client funds are securely segregated from company assets, held in accounts with globally recognized financial institutions.
In the end, choosing whether or not to engage in trading with NCEis an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
NCE offers a comprehensive selection of over 80 financial instruments across various asset categories.
In the
Forex market, traders can engage with a vast array of global currencies, tapping into the world's largest financial market for extensive trading possibilities and currency pairings.
The Metals category allows investors to trade in precious metals like gold and silver, benefiting from their unique market dynamics and safe-haven appeal during economic uncertainties.
The Energies market encompasses commodities such as oil and natural gas, providing strategic avenues for investment in vital energy resources.
Indices offer a window into global economic performance through stock indices, allowing traders to capture the pulse of major economies and diversify their portfolios accordingly.
Investing in the Shares market enables participation in leading global companies, facilitating portfolio growth through equity investments.
Furthermore, NCE supports trading in cryptocurrencies, unlocking opportunities in the volatile yet promising digital asset market, where innovative technologies and market trends drive investor interest and potential returns.
Account Types
NCE provides a demo account that allows you to try out the financial markets without the risk of losing money.
NCE offers a total of 3 account types: Standard Accountm Raw Spread Account and VIP Account. The minimum deposit to open the Raw Spread Account and the Standard Account is $200. The threshold to open the VIP Account is $5000.
Leverage
When it comes to leverage, NCE enables its clients to use the maximum trading leverage up to 1:1000, which is greater than the levels regarded appropriate by any regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
The company offers leverage ranges from 1000:1 for account equities between 0 to $999.99, gradually reducing to 100:1 for balances exceeding $20,000 for Forex, Metals, and Oil trading.
Cryptocurrency trading maintains fixed leverage ratios, with major pairs like BTCUSD and ETHUSD offering leverage up to 100:1, while smaller altcoins like MANAUSD and MATICUSD are leveraged at 10:1.
Indices such as US30 and UK100 provide leverage up to 100:1, reflecting global market volatility and investor demand.
Shares trading offers a conservative approach with a fixed leverage of 20:1 across all listed stocks, ensuring stability and risk management in equity investments.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Spreads & Commissions
NCE offers competitive trading conditions with flexible spread and commission options across its account types:
In the Raw Spread Account, traders benefit from floating spreads starting as low as 0 pips, providing tight pricing on Forex, metals, and other assets. Additionally, this account type charges a commission of $3.8 per lot traded, which is cost-effective for more active traders.
For the Standard Account, no commission is applied, making it ideal for traders looking to avoid additional transaction costs while still benefiting from floating spreads designed to optimize trading profitability.
On the other hand, the VIP Account offers enhanced trading conditions with a commission of $2 per lot, paired with floating spreads.
Trading Platform
NCE provides traders with the popular MetaTrader 5 (MT5) trading platform which is avaialbel on desktop, web and mobile devices. MT5 is a popular and widely recognized trading platform known for its user-friendly interface and robust features. It provides traders with access to a range of financial instruments, including Forex, indices, commodities, and more. MT5 offers advanced charting capabilities, technical analysis tools, customizable indicators, and the ability to automate trading strategies using Expert Advisors (EAs). Traders can also execute trades, manage orders, and monitor market conditions in real-time using MT5.
FIX API
NCE's FIX API offers tailored trading solutions across the market spectrum. It provides customized options for individual traders, enhances efficiency for asset managers and hedge funds, and enables automatic exchange and currency hedging for brokers and companies. With competitive pricing for institutional partners, this versatile API caters to diverse trading needs, from personalized strategies to large-scale operations.
Trading Tools
At NCE, traders benefit from access to a comprehensive Economic Calendar that highlights crucial economic events and indicators affecting global financial markets. This tool enables traders to stay informed about key announcements such as central bank decisions, economic data releases (like GDP reports and employment figures), and geopolitical events that can influence market sentiment and asset prices.
Social Trading
At NCE, social trading serves as a dynamic platform that bridges the gap between experienced investors (managers) and less seasoned traders, fostering a collaborative environment for learning and profit. This innovative feature allows novice traders to follow and emulate the strategies of successful investors, gaining insights into their trading decisions and techniques. Users can observe real-time trading activities, access performance metrics, and directly interact with managers to understand market trends and refine their own strategies.
Beyond individual learning, NCE's social trading enhances community engagement by creating a supportive network where traders can share insights, discuss market developments, and collaborate on investment ideas. This interactive approach not only democratizes access to trading expertise but also encourages knowledge-sharing and mutual growth among participants.
Deposits & Withdrawals
NCE supports two main payment methods: UnionPay and bank transfers in USD, EUR, GBP, and PLN.
These methods ensure flexibility for traders to fund their accounts and withdraw funds efficiently. The platform requires a minimum deposit of $100, with no commissions charged on deposits or withdrawals.
Deposits are processed instantly, while withdrawals are typically completed within 1 working day.
Customer Service
NCE provides customer service primarily through email: support@ncemarkets.com, live chat, and a contact form.
Q&A
Is NCE regulated?
NCE is currently offshore regulated by the Seychelles Financial Services Authority (FSA) with license no.SD112.
Is NCE a good broker for beginners?
Yes, NCE offers a a user-friendly platform and social trading function. Beginners can open a risk-free demo account first to test.
Does NCE offer industry-leading MT4 & MT5?
Yes, NCE provides access to MetaTrader 5 (MT5) on web, Windows and mobile devices.
What is the minimum deposit NCE requires?
The minimum deposit required by NCE is $100, but a minimum deposit to open an account is $200.
Does NCE offer demo accounts?
Yes.
Are there any restricted areas for NCE's services?
Yes, NCE SC Limited does not offer services to residents of certain jurisdictions including Iran, North Korea, Syria, Sudan, Gambia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, the United States, Japan, and Hong Kong.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
2024-09-07 15:51
