NCM

NCM is a multi-asset brokerage firm registered in Kuwait and operating under the official domain noorcm.com. The firm was established in April 2019 and is headquartered in Kuwait City. It presents itself as a broker catering to retail traders who seek access to leveraged forex and CFD markets.

The company’s registered address is the Mezzanine Floor of Dar Al Awadi Tower on Ahmad Al Jaber Street in Sharq, Kuwait. Despite its relatively recent founding, NCM claims regulatory oversight from two major financial authorities: the UAE’s Capital Market Authority (CMA) and the UK’s Financial Conduct Authority (FCA). These licences – a Forex Trading License (EP) from the CMA and an Inst Market Making (MM) license from the FCA – are stated as active on the public registers.

NCM is regulated by the UAE Capital Market Authority under a Forex Trading License (EP), which authorises the firm to conduct forex brokerage activities in the United Arab Emirates. Additionally, it holds an Institutional Market Making (MM) license from the UK Financial Conduct Authority, indicating permission to engage in market-making operations within the United Kingdom.

It is important to note that while these regulatory credentials appear in our records, independent verification of their current standing is recommended. The FCA licence, in particular, covers institutional-level activities rather than retail client protection schemes such as the Financial Services Compensation Scheme (FSCS). Retail traders should exercise caution and confirm the scope of regulatory coverage.

NCM offers two account types, both requiring a minimum deposit of $3,000 – which is relatively high compared to many retail brokers that offer accounts with deposits as low as $100 or $500. The first account type provides a maximum leverage of 1:100, while the second account type does not have a specified leverage limit in our records (denoted as '--').

The high entry barrier suggests NCM may be targeting more experienced or capital-rich traders rather than beginners. The leverage offered is moderate, in line with many regulated brokers globally, and is especially conservative when compared to offshore peers that may offer up to 1:500 or higher.

According to our records, NCM provides trading across five asset classes: Forex, Indices, Commodities, Energies, and Agriculture. This range offers traders exposure to major markets, including currency pairs, stock indices, precious metals, energy products like oil and gas, and agricultural commodities such as wheat or coffee.

The broker’s platform offering is not explicitly detailed in the available data, but typical platforms for a broker of this profile would include MetaTrader 5 (MT5). Social media presence is noted on Facebook, Instagram, LinkedIn, and YouTube, which suggests active marketing efforts.

The minimum deposit of $3,000 is a key feature that distinguishes NCM from many competitors. This threshold may be a barrier for retail traders with smaller capital. The broker’s fee structure – including spreads, commissions, and withdrawal charges – is not transparent in the public information FXCanary has access to.

Limited transparency around fees is a common concern among offshore and regulated brokers alike. Traders are advised to review the official website or contact NCM directly for a detailed breakdown of costs before opening an account. The lack of such information in independent sources is a cautionary sign.

NCM maintains profiles on multiple social media platforms, including Facebook, Instagram, LinkedIn, and YouTube. This indicates an effort to engage with potential clients and build a brand presence. However, the content and reach of these channels have not been independently assessed.

The company description from aggregated industry data suggests a founding year of 1993, which contradicts our records showing a 2019 incorporation. This inconsistency may stem from a different entity being referenced or from inaccurate data aggregation. Traders should rely on the official registration date for factual accuracy.

NCM appears as a regulated broker with a relatively new establishment. While its regulatory licences in the UAE and UK are positive indicators, the high minimum deposit and lack of fee transparency warrant a measured approach. Independent online information about NCM is limited, which is typical for newer brokers not yet widely reviewed.

FXCanary’s Scam Risk Score of 16/100 places NCM in the ‘Low Risk’ category. This score reflects the presence of regulation and a moderate risk profile based on available data. However, traders are encouraged to conduct their own due diligence, particularly concerning fee structures and the precise scope of regulatory protection.