NCM Spreads, leverage, minimum deposit Revealed

WikiFX | 2026-04-20 23:39

Abstract：　　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.

NCM Review Summary
Founded	1993
Registered Country/Region	Kuwait
Regulation	FCA, SCA, LFSA
Market Instruments	Forex (FX), Gold & Silver, Oil & Gas, Agriculture, and CFDs on Shares and Indices
Demo Account	✅
Leverage	Up to 1:100
Trading Platform	MT5
Minimum Deposit	3,000 USD
Customer Support	24/6 support
	Live chat
	Tel: Kuwait：+965 181 3888 UAE：+971 4319 9630 Jordan：+962 6562 2404 Turkey：+90 2122 80 6666
	Email: cs@ncminvest.com

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

Pros	Cons
Regulated well	Limited information on fees
5 types of trading instruments	High minimum deposit
Demo accounts available
Long operation time

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.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
United Kingdom	FCA	NCM FINANCIAL UK LTD	Institution Forex	1000594
United Arab Emirates	SCA	NCM FINANCIAL SERVICES L.L.C	Retail Forex	20200000158
Malaysia	Labuan FSA	NCM Investment for Money Broking Ltd.	Straight Through Processing (STP)	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.

Tradable Instruments	Supported
Forex	✔
Gold & Silver	✔
Oil & Gas	✔
Agriculture	✔
CFDs on shares	✔
CFDs on indices	✔
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

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

Account Type	Variable Execution	Plus Leverage
Minimum Deposit	3,000 USD
Leverage	1:100	Dynamic
Spread	Variable
Trading Products	Forex, Indices, Commodities, Energies, Agriculture	Only Currencies
Execution Type	Market
Stop - Out	10%, 20% or less	20% or less
Swap Charges	Free Swap on Majors

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.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows 7/8.1/10, Apple and Android devices	Experienced traders
MT4	❌	/	Beginners