Overview of NCM
NCM Investment, headquartered in Kuwait and established in 2009, operates as an unregulated brokerage firm. It offers a diverse range of market instruments including Forex, Gold & Silver, Oil & Gas, Agriculture, and CFDs on Shares and Indices. The company provides two account types, Variable Execution and Plus Leverage, with a minimum deposit requirement of $3,000. Traders can leverage up to 1:500 for Forex trading, while spreads remain variable.
NCM's trading platforms, NCM INVESTMENT, support both MT4 and MT5, and it offers a demo account for practice. The brokerage ensures robust customer support through various channels including email, phone, live chat, WhatsApp, and social media. Deposits and withdrawals can be made using Visa, Mastercard, NAPS, and UAE Debit Card. Additionally, NCM offers educational resources such as an Academy, Market News, and Economic Calendar to empower traders with knowledge and insights for informed decision-making.
Pros and Cons
Pros:
Diverse range of market instruments: NCM offers a diverse selection of market instruments including Forex, Gold & Silver, Oil & Gas, Agriculture, and CFDs on Shares and Indices. This variety allows traders to access different asset classes and diversify their investment portfolios.
MT4 and MT5 trading platforms: NCM provides access to both MT4 and MT5 trading platforms, which are widely recognized for their advanced features, user-friendly interface, and extensive customization options.
High leverage up to 1:500 for Forex: The availability of high leverage, particularly up to 1:500 for Forex trading, enables traders to amplify their potential profits with a relatively small initial investment. This can be advantageous for experienced traders who understand the risks involved and employ proper risk management strategies.
Multiple customer support channels: NCM offers multiple channels for customer support, including email, phone, live chat, WhatsApp, and social media. This ensures that traders can easily reach out for assistance or clarification on any trading-related queries or issues they encounter.
Educational resources available: NCM provides educational resources such as an Academy, Market News, and Economic Calendar to empower traders with knowledge and insights. These resources can help traders enhance their trading skills, stay updated with market developments, and make more informed trading decisions.
Cons:
Lack of regulatory oversight: One of the main drawbacks of NCM is the lack of regulatory oversight. Without regulation from a reputable financial authority, there are concerns regarding the security of traders' funds and the integrity of the trading environment.
Minimum deposit requirement of $3,000: NCM imposes a relatively high minimum deposit requirement of $3,000 for opening a trading account. This could be a barrier to entry for some traders, especially those with limited capital or who are new to trading.
Variable spreads lead to unpredictability: While NCM offers variable spreads, which can be advantageous during certain market conditions, they also lead to unpredictability in trading costs. Traders experience wider spreads during times of high volatility, potentially impacting their trading profitability.
Regulatory Status
NCM's lack of specific regulatory licenses raise concerns for some traders, regulated brokers typically operate under the supervision of reputable financial authorities, which enforce strict guidelines and standards to protect investors.
Traders should weigh the potential risks and benefits associated with trading with an unregulated broker and consider their individual preferences and risk tolerance levels when making informed decisions about their investments.
Market Instruments
NCM offers a diverse range of investment products for various market segments.
These include Forex, the largest and most liquid market globally, where currencies are bought and sold. Precious metals like Gold & Silver are also available for trading, providing a hedge against economic uncertainties.
Additionally, Oil & Gas commodities, vital for the global economy, and agricultural products such as coffee, sugar, and wheat are offered for investment.
For those interested in stock market speculation, Contracts for Difference (CFDs) on Shares and Indices provide opportunities to capitalize on price movements without owning the underlying assets.
Account Types
NCM offers two distinct account types: Variable Execution and Plus Leverage.
The Variable Execution account features variable execution and leverage, satisfying traders interested in Forex, Indices, Commodities, Energies, and Agriculture markets. With a minimum deposit of $3000, it allows hedging, offers free swap charges for majors, and employs a market execution type with a stop out option of 10%, 20% or less. The platform support is provided through NCM INVESTMENT (MT5) with 24/6 helpdesk assistance.
On the other hand, the Plus Leverage account maintains variable execution with dynamic leverage, focusing solely on major currency pairs. It shares the same minimum deposit requirement of $3000 and offers similar benefits such as hedging, free swap charges on majors, market execution, and 24/6 helpdesk support through NCM INVESTMENT (MT5).
How to Open an Account？
You can open a real trading account with NCM in a few simple steps:
Go to the NCM Investment website. https://www.ncminvest.com/openaccount/en
Click on the “Open Real Account” button. This will take you to a form where you can enter your personal information.
Fill out the registration form. You will need to provide your name, email address, phone number, and country of residence.
Verify your contact details by confirming the OTP (One Time Password).
You will then receive your Portfolio Login details and a system wizard will walk you through to fill in more information.
Once your details are verified, you will receive a copy of the agreement via email. You will need to print it, sign it and send them to NCM Investment.
After NCM Investment receives your signed agreement, they will send you your trading system login details via email.
You can then fund your account and start trading.
Leverage
NCM provides a maximum leverage that varies based on the account type and the financial instrument being traded. For example, for Forex trading, the maximum leverage could be up to 1:500, while for other instruments like commodities or indices, it might be lower.
Spreads & Commissions
NCM employs a model with variable spreads, meaning that the difference between the buy and sell prices can vary according to market conditions. This flexibility allows for adjustments in response to market volatility and liquidity.
As for commissions, NCM does not explicitly mention any additional charges. This implies that the brokerage might not impose extra commissions on top of the spreads.
Trading Platform
NCM provides traders with a robust and user-friendly trading platform known as NCM INVESTMENT, powered by MT4 (MetaTrader 4) and MT5 (MetaTrader 5).MT4 and MT5 are widely acclaimed platforms known for their advanced trading capabilities and comprehensive features.
NCM's trading platform offers a range of tools and functionalities designed to enhance the trading experience. Traders can access real-time market data, perform technical analysis using various charting tools and indicators, and execute trades swiftly and efficiently. The platform supports multiple order types, allowing traders to implement various trading strategies with ease.
Deposit & Withdrawal
NCM offers various convenient payment methods for depositing funds, including Visa, Mastercard, NAPS, and UAE Debit Card. Notably, there are no deposit fees when using credit cards, providing a cost-effective option for funding trading accounts.
Additionally, NCM mentions “Free Swap on Majors” for both accounts, indicating that there are no swap fees for holding positions overnight on major currency pairs.
Customer Support
NCM offers several beneficial customer support through various channels, including email, phone, live chat, and social media.
Traders can reach out to the support team via email at info@ncminvest.com or through phone numbers specific to their region, including Kuwait, UAE, Jordan, and Turkey. Live chat options and WhatsApp are also available for immediate assistance.
Additionally, traders can connect with NCM on social media platforms for updates and inquiries.
Educational Resources
NCM provides a range of educational resources to empower traders with knowledge and insights to make informed decisions.
The Academy offers structured learning materials, including tutorials, articles, and videos covering various aspects of trading, from basics to advanced strategies.
Traders can stay updated with the latest market developments and trends through the Market News section, which delivers timely analysis and commentary on global financial markets.
Additionally, the Economic Calendar helps traders track key economic events and indicators, enabling them to anticipate market movements and plan their trading activities effectively.
Conclusion
In conclusion, NCM Investment offers a comprehensive platform for traders seeking diverse market opportunities and educational resources.
Despite its unregulated status and relatively high minimum deposit requirement, NCM provides access to a wide range of market instruments, robust trading platforms, and multiple customer support channels. The availability of high leverage for Forex trading and educational resources further enhance the trading experience.
FAQs
Question: What types of trading accounts does NCM Investment offer？
Answer: NCM Investment provides traders with two distinct account types, each satisfying different trading preferences and styles.
Question: How can I deposit funds into my NCM Investment account？
Answer: Funding your NCM Investment account is easy and convenient, with various payment methods available including Visa, Mastercard, NAPS, and UAE Debit Card.
Question: What leverage options are available for Forex trading with NCM Investment？
Answer: NCM Investment offers flexible leverage options for Forex trading, allowing traders to amplify their potential profits with leverage of up to 1:500.
Question: Is NCM Investment regulated by any financial authorities？
Answer: NCM Investment operates as an unregulated brokerage firm, which raise concerns for some traders regarding investor protection and security of funds.
Question: Does NCM Investment offer educational resources for traders？
Answer: Yes, NCM Investment provides a range of educational resources including an Academy, Market News, and Economic Calendar.
2024-01-10 17:11
