Brokers  /  NCM

NCM

Low riskForex / CFD broker
Kuwait · 5-10 years · since 2019-04-19 · NCM Investment
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Independent ratingshow third parties score this broker
WikiFX6.3/10
Trustpilot/5
Forex Peace Army/5
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No sign that NCM actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
16
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): FCA
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints1812%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameNCM Investment
Headquarters Kuwait
Founded2019-04-19
Years operating5-10 years
Employees0
Official websitencminvest.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsForex | Indices | Commodities | Energies | Agriculture
Registered address
Mezzanine Floor, Dar Al Awadi Tower Ahmad Al Jaber Street Sharq, Kuwait

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
CMAForex Trading License (EP)20200000158United Arab EmiratesRegulated
FCAInst Market Making (MM)1000594United KingdomRegulated

Account types · 2

AccountMax leverageMin. depositMin. spreadCommissionEA
Account 11:1003000$----
Account 2--3000$----

Review analysis AI

NCM is a registered broker with regulated status in the UAE and UK, but the FCA license is restricted to institutional market making, limiting retail safeguards. The high minimum deposit and lack of transparent public information pose risks. Overall, the broker presents a low-risk profile based on regulatory standing, but caution is warranted due to information gaps.

Best for
  • Experienced traders with larger capital
  • Traders seeking CMA-regulated broker
  • Multi-asset traders using MT5
Not for
  • Beginners or traders with small deposits
  • Traders seeking low minimum investment
  • Retail traders relying on FCA protection
Period:

Real user reviews

Where NCM operates

Active across 8 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇹🇷 Turkey
🇰🇼 Kuwait
🇮🇳 India
🇲🇦 Morocco
🇦🇪 United Arab Emirates Licensed
🇻🇳 Vietnam
🇪🇬 Egypt
🇩🇪 Germany
🇬🇧 United Kingdom Licensed
🇭🇰 Hong Kong 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About NCM

Overview

NCM is a multi-asset brokerage firm registered in Kuwait and operating under the domain noorcm.com. Founded in April 2019, the broker provides trading services across forex, indices, commodities, energies, and agriculture. The company is headquartered at Mezzanine Floor, Dar Al Awadi Tower, Ahmad Al Jaber Street, Sharq, Kuwait.

While NCM presents itself as a global broker, independent public information about its operations outside of regulatory filings is limited. The firm maintains a social media presence on Facebook, Instagram, LinkedIn, and YouTube, but detailed marketing materials or platform descriptions are scarce in independently verifiable sources. This lack of transparent public data is a factor traders should consider when evaluating the broker.

Regulation & Licensing

NCM holds two regulatory licenses according to our records. It is regulated by the Dubai Financial Services Authority's Commodities Market Authority (CMA) in the United Arab Emirates under a Forex Trading License (EP) with a status of 'Regulated'. Additionally, it is authorized by the UK Financial Conduct Authority (FCA) for Institutional Market Making (MM), also listed as 'Regulated'. These credentials suggest a degree of oversight in two jurisdictions.

  • CMA (UAE): Forex Trading License (EP) – Regulated
  • FCA (UK): Institutional Market Making (MM) – Regulated

However, the FCA license is limited to institutional market making, not retail client services. This distinction is important: retail traders dealing with NCM may not benefit from FCA protections. The CMA license, while active, pertains to a foreign exchange trading license category that may involve specific regulatory requirements. Traders are advised to verify the exact scope of these licenses with the respective authorities before committing funds.

Account Types

NCM offers two account tiers, both requiring a minimum deposit of $3,000, which is relatively high compared to industry standards. The first account provides a maximum leverage of 1:100, while the second account does not specify a leverage limit in our records, suggesting it may be customizable or subject to different terms. The high entry barrier positions NCM as a broker targeting more capitalized traders rather than beginners.

  • Account 1: Minimum deposit $3,000, Maximum leverage 1:100
  • Account 2: Minimum deposit $3,000, Maximum leverage not specified

Beyond these figures, detailed fee structures, spreads, and commission models are not publicly available in verified sources. Traders interested in NCM should request full account terms directly from the broker and compare them with other regulated firms.

Trading Instruments

NCM offers a range of asset classes including forex, indices, commodities, energies, and agriculture. This covers major currency pairs, stock indices, precious metals, energy futures, and soft commodities, providing a reasonably diversified product suite. The broker's focus on agriculture alongside traditional CFDs suggests an intent to serve traders interested in niche markets.

However, the exact number of instruments, contract specifications, and margin requirements are not documented in the records we hold. Traders should confirm the available instruments and trading conditions through the broker's official channels or a demo account before live trading.

Platform & Tools

According to our known facts, NCM uses the MetaTrader 5 (MT5) platform, a widely recognized trading terminal known for its advanced charting, algorithmic trading, and multi-asset support. MT5 is a standard choice for forex and CFD brokers, offering both desktop and mobile versions. The use of MT5 suggests NCM prioritizes a professional trading environment.

No additional proprietary platforms or third-party tools are listed in our records. The broker's social media presence indicates active engagement, but educational resources, research tools, and demo account availability remain unverified. Potential clients should test the platform's functionality and execution quality through a trial account.

Conclusion

NCM is a Kuwait‑based broker regulated by the CMA and FCA, with a product range covering forex, indices, commodities, energies, and agriculture. It offers two account types on the MT5 platform, both requiring a $3,000 minimum deposit. While its regulatory status in the UAE and UK provides some reassurance, the FCA license is limited to institutional clients, and public information about the broker's operations is sparse.

For traders considering NCM, due diligence is essential. The high minimum deposit and lack of transparent fee data mean that only experienced, well‑capitalized traders should proceed. Verifying the broker's regulatory standing and testing its services with a small deposit or demo account is strongly recommended before committing larger sums.

Overview compiled by FXCanary from regulatory records and public data. full NCM review