NCM Investment Review: Is ncminvest.com Legit? - Topedgefx.com

NCM Investment Review: Is ncminvest.com Legit?

Welcome to NCM Investment review.

NCM Investment is a Forex, commodities, Precious metals and CFDs broker based in Kuwait.

The company is operating from this domain, ncminvest.com and claiming that they’re regulated by multiple financial watchdogs.

They offer multiple trading accounts with various features to attract traders.

However, the minimum deposit is $500, which is a bit high considering that most Forex brokers are now allowing traders to deposit at least $50.

NCM Investment broker claims to have a presence in UAE, Turkey and Jordan as well. They list all addresses of the 4 locations where they operate from.

NCM Investment review Trade in Forex  CFDs  Energies and Metals

Their official website ncminvest.com is quite professional and many traders would be tempted to sign up for trading.

However, this broker is also an off-shore based operation.

eGenerally, off-shore brokers are feared and traders prefer using brokers who are well-established and are regulated by financial watchdogs like FCA, CySec and the rest.

Read this NCM Investment review to find out whether or not this broker is worthwhile trading with.

NCM Investment Review: ncminvest.com overview

NCM Investment claims that it has 2 licenses from the Capital market Authority in Kuwait.

In addition to that, the broker claims to have entered into subsidiary with Amwal International Investment Company.

Anwal International is owned and operated by Shuaa Capital UAE which is purported to be one of the most reputable GCC investment Company in the region.

Therefore, it appears as if NCM Investment does not hold its two licenses directly from the financial regulator but is instead working under the umbrella of its subsidiaries.

The broker claims to offer the best trading conditions, transparency and competitive pricing.

These proclamations are hard to verify unless we actually sign up for a demo or live account and see for ourselves whether pricing is competitive as claimed.

Here are details of the broker’s trading account types:

[tabs][tab title=”Standard”]Minimum deposit: $1,000

Leverage: 1:100

Spread: Fixed

Product: Forex | Indices | Commodities | Energies | Agriculture

Execution: Instant

Hedging: Allowed

Swap Charges: Free swap on majors

Platform: NCM INVESTMENT – MT4

Support: 24/6

[/tab] [tab title=”Standard Market”]

Minimum deposit: $1,000

Leverage: 1:100

Spread: Fixed

Product: Forex | Indices | Commodities | Energies | Agriculture

Execution: Market

Hedging: Allowed

Swap Charges: Free swap on majors

Platform: NCM INVESTMENT – MT4

Support: 24/6

[/tab] [tab title=”Standard Variable”]

Minimum deposit: $1,000

Leverage: 1:100

Spread: Fixed

Product: Forex | Indices | Commodities | Energies | Agriculture

Execution: Market

Hedging: Allowed

Swap Charges: Free swap on majors

Platform: NCM INVESTMENT – MT4

Support: 24/6

[/tab] [tab title=”Plus”]

Minimum deposit: $500

Leverage: 1:100

Spread: Fixed

Product: Only Forex currencies

Execution: Instant

Hedging: Allowed

Swap Charges: Free swap on majors

Platform: NCM INVESTMENT – MT4

Support: 24/6

[/tab][/tabs]

It’s good that NCM Investment broker is offering MT4 trading account.

In terms of spreads, the broker says their account types offer both fixed and variable. We’ve not tested their live accounts yet.

So there’s no way to know how much they charge in their fixed and variable spreads account.

But it would be good if ncminvest listed the average figures in advance since most Forex brokers either publish live spreads on their website or list the numbers for traders to see.

While NCM Investment appears to be a premium broker offering outstanding services, the minimum deposit is still very high and may lock out new traders who don’t want to invest a lot.

And of course the broker is offering the popular MT4 trading platform for desktop and mobile devices.

MT4 is popular because nearly all brokers offer it. It’s integrated with a lot of indicators (for those who trade with technical analysis) and is compatible with all expert advisors.

By the way, NCM Investment also claims that they’re accept trading with Forex EAs. What they’ve not told us is whether or not they accept scalping.

Brokers such as Intera don’t accept scalping because they’re shady.

Since NCM Investment presents itself like a premium operation, we don’t suspect that they may be prohibiting scalping in any way.

The other seemingly good thing with this broker is that they offer a wide range of trading instruments which also include US Indices, Oil and Gas among other tradeable assets.

Regulatory concerns

While ncminvest.com claims that they’re regulated by multiple financial watchdogs in the Middle East, we still feel that this regulation is ambiguous.

We would like to know the reason why NCM Investment is not holding a license directly from the financial regulator and secondly, this is an offshore broker and many traders may not trust this regulator fully.

It’s important to trade with a properly regulated broker.

Any broker that is regulated with a renowned financial watchdog is worth trading with if trading conditions are acceptable.

On the other hand, brokers in the middle East sometimes tend to be shady and this fear is something that can make traders not opt to use the services of NCM Investment.

Conclusion

We’re seated on the fence when it comes to making a decision as to whether or not one should use the services of NCM Investment.

We would love to read customer feedback regarding this broker in order to come to a good conclusion.

Therefore, at the moment, we’re only recommending these brokers for trading. If you have any experience with this broker, please use the comment section below.

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