Score

1.52 /10
Danger

NCC Bank

Bangladesh

5-10 years

Suspicious Regulatory License

High potential risk

B

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Score

Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

NCC Bank · Company summary
NCC Bank Review Summary
Founded 1985
Registered Country/Region Bangladesh
Regulation No Regulation
Products & Services 128 Branches, 149 ATM, Car Loan, Home Improvement Loan, House Building Finance, Marriage Loan, Youngstar Banking, Personal Loan, Health Loan, Professional Loan
Customer Support Phone: 09666700008
PABX: 8802-223381903-4, 8802-223383981-3
Fax: 8802-223386290
Email: info@nccbank.com.bd
Address: 13/1 - 13/2, Toyenbee Circular Road, Motijheel C/A, Dhaka - 1000, Bangladesh

What is NCC Bank?

NCC Bank is an unregulated commercial bank headquartered in Bangladesh. Established in 1985, it operates with a network of 128 branches and 149 ATMs across the country, providing banking services to individuals, businesses, and institutions. The bank offers a wide range of financial products and services, including car loans, home improvement loans, house building finance, marriage loans, personal loans, health loans, and professional loans.

Additionally, NCC Bank provides specialized banking services for young adults through its Youngstar Banking program.

NCC Bank's homepage

Pros & Cons

Pros Cons
  • Multiple Products and Services
  • No Regulation
  • Multiple Customer Support Channels

Pros:

  • Multiple Products and Services: The platform offers diverse products, including 28 Branches, 149 ATM, Car Loan, Home Improvement Loan, House Building Finance, Marriage Loan, Youngstar Banking, Personal Loan, Health Loan, and Professional Loan, catering to various trading needs and experience levels.

  • Multiple Customer Support Channels: NCC Bank provides various customer support channels including phone, email, fax, and address, enhancing accessibility and assistance for clients.

Cons:

  • No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.

Is NCC Bank Legit or a Scam?

NCC Bank currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.

No license

Products & Services

NCC Bank boasts an extensive array of financial products and services designed to meet the diverse needs of its customers. With 128 branches and 149 ATMs conveniently located across its network, the bank ensures accessibility and convenience for its clientele. NCC Bank offers tailored solutions such as car loans, home improvement loans, and house building finance.

Additionally, the bank provides specialized loans to support major life events like marriages, as well as exclusive banking services for young adults through its Youngstar Banking program. Moreover, NCC Bank caters to personal financial needs with offerings such as personal loans, health loans, and professional loans.

Products & Services
Products & Services

Customer Service

NCC Bank provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

  • Phone: 09666700008

  • PABX: 8802-223381903-4, 8802-223383981-3

  • Fax: 8802-223386290

  • Email:info@nccbank.com.bd

  • Address: 13/1 - 13/2, Toyenbee Circular Road, Motijheel C/A, Dhaka - 1000, Bangladesh

Conclusion

In conclusion, NCC Bank offers a comprehensive range of financial products and services to cater to the diverse needs of its customers with a comprehensive and accessible customer support network, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.

Frequently Asked Questions (FAQs)

Question 1: Is NCC Bank regulated?
Answer 1: No. It has been verified that this broker currently has no valid regulation.
Question 2: What products and services does NCC Bank offer?
Answer 2: It offers 128 Branches, 149 ATM, Car Loan, Home Improvement Loan, House Building Finance, Marriage Loan, Youngstar Banking, Personal Loan, Health Loan, and Professional Loan.
Question 3: Is NCC Bank a good broker for beginners?
Answer 3: No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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