NCE

NCE Information

NCE is an online broker that was founded in 2007. It is registered and regulated in Seychelles by the Seychelles Financial Services Authority (FSA). The platform offers a diverse range of market instruments, including forex, commodities, indices, shares, and cryptocurrencies. Traders can utilize the popular MetaTrader 5 (MT5) platform.

Key features for traders include a demo account, high leverage of up to 1:5000, and competitive spreads, with EUR/USD floating from 0 pips. The minimum deposit required to start trading is $10. Customer support is accessible via email, live chat, and a contact form.

Pros & Cons

Is NCE Legit?

NCE is regulated by the Seychelles Financial Services Authority (FSA). It holds a Derivatives Trading License (EP) with license number SD112, issued in the jurisdiction of Seychelles.

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

• Demo Account

NCE provides a demo account that allows you to try out the financial markets without the risk of losing money.

• Live Account

NCE offers a total of four account types: Basic Account, Plus Account, Royal Account, and Raw Account. The minimum deposit required to open a Plus Account, Royal Account, and Raw Account is USD 3,000, USD 20,000, and USD 1,500 respectively.

Leverage

NCE applies a dynamic leverage system based on liquidity-adjusted leverage rules.

Leverage is automatically adjusted according to your actual open trading volume (the total lots of all open positions). The calculation is tiered, meaning different leverage levels apply to different volume ranges.

As your trading volume increases, leverage is gradually reduced step by step. It is not reduced suddenly due to account equity growth, which helps lower the risk of forced liquidation caused by insufficient margin.

The default leverage at NCE is 1:5000, which applies to forex and precious metals trading.

If this level exceeds your risk tolerance, you may request leverage adjustments to 1:1000, 1:500, 1:200, or 1:100.

Leverage for other instruments:

• Crude oil: fixed at 1:200
• Cryptocurrencies and indices: fixed at 1:100

Spreads & Commissions

NCE offers trading conditions across its different account types, with flexible spread and commission structures:

Based on a consistency principle, NCE defines one “point” as the last decimal place of a quoted price, regardless of how many decimal digits the instrument has.

In terms of spread competitiveness:

• The Royal Account offers lower spreads than the Plus Account
• The Plus Account offers lower spreads than the Basic Account
• The Raw Account provides the lowest spreads overall

However, for the Raw Account, trading forex and precious metals incurs a commission of $3.5 per lot per side. As a result, the total trading cost of the Raw Account typically falls between the Plus Account and the Basic Account, depending on trading volume and strategy.

If you would like to quickly review the spreads and swap rates for all account types and instruments, you can check the official file here:

https://xnce.com/uploads/swap.xlsx

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 stablecoin payments (USDT/USDC).

These methods allow traders to fund their accounts flexibly and withdraw funds efficiently. The platform requires a minimum deposit of $10, and no fees are charged for either deposits or withdrawals.

Deposits are processed instantly.

UnionPay withdrawals are typically completed within 15 minutes, while stablecoin withdrawals are usually completed within 10 minutes.

Customer Service

NCE provides customer support through multiple channels, including email, Live Chat, social media platforms, and an online contact form.

For email enquiries, users may contact different departments depending on the type of request:

• support@xnce.com – General enquiries
• finance@xnce.com – Funds-related enquiries
• trading@xnce.com – Trading enquiries
• it@xnce.com – Technical support
• partners@xnce.com – IB cooperation enquiries
• backoffice@xnce.com – Account-related enquiries
• marketing@xnce.com – Marketing partnership enquiries
• mlegal@xnce.com – Legal affairs
• coo@xnce.com – COO contact channel

In addition to email support, the broker also provides Live Chat assistance, an online contact form, and communication through social media channels, allowing users to choose different ways to reach the support team depending on their needs.

Q&A

Is NCE regulated?

NCE is currently regulated by the Seychelles Financial Services Authority (FSA).

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 $10, 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.