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NCM -

Score

7.54 /10
Good

NCM

Kuwait

5-10 years

Regulated in United Kingdom

Institution Forex License

MT5 Full License

Medium potential risk

https://www.ncminvest.com

Influence

C

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index7.02

Business Index7.36

Risk Management Index8.90

Software Index8.71

License Index7.02

Open Account
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

NCM Investment

Company Abbreviation

NCM

Platform registered country and region

Kuwait

Company website

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Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2025-07-18
  • The United KingdomFCA (Regulatory number: 1000594) Institution Forex License (MM) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Data Source WikiFX Data provide
Updated: 2025-07-18
NCM · Company summary
NCM Review Summary
Founded1993
Registered Country/RegionKuwait
RegulationFCA, SCA, LFSA
Market InstrumentsForex (FX), Gold & Silver, Oil & Gas, Agriculture, and CFDs on Shares and Indices
Demo Account✅
LeverageUp to 1:100
Trading PlatformMT5
Minimum Deposit3,000 USD
Customer Support24/6 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.

NCM Information

Pros and Cons

ProsCons
Regulated wellLimited information on fees
5 types of trading instrumentsHigh 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 CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
United KingdomFCANCM FINANCIAL UK LTDInstitution Forex1000594
United Arab EmiratesSCANCM FINANCIAL SERVICES L.L.CRetail Forex20200000158
MalaysiaLabuan FSANCM Investment for Money Broking Ltd.Straight Through Processing (STP)MB/22/0092
license
license
license

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 InstrumentsSupported
Forex✔
Gold & Silver✔
Oil & Gas✔
Agriculture✔
CFDs on shares✔
CFDs on indices✔
Cryptos❌
Bonds❌
Options❌
ETFs❌
products

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 TypeVariable ExecutionPlus Leverage
Minimum Deposit3,000 USD
Leverage1:100Dynamic
SpreadVariable
Trading ProductsForex, Indices, Commodities, Energies, AgricultureOnly Currencies
Execution TypeMarket
Stop - Out10%, 20% or less20% or less
Swap ChargesFree Swap on Majors
Account Type

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 PlatformSupportedAvailable DevicesSuitable for
MT5✔Windows 7/8.1/10, Apple and Android devicesExperienced traders
MT4❌/Beginners
Trading Platform

Deposit and Withdrawal

NCM supports payments via Kuwait e-wallet (Knet), Visa MasterCard, UAE Debit Card (Visa MasterCard), NAPS, and Benefit.

Deposit and Withdrawal

User Reviews

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User comment

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Comments

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FX1595065549
more than one year
NCM appears to be a deceptive platform, offering what seems like a favorable trading environment but ultimately preying on customers' deposits. Unfortunately, without any prior notification, they impose restrictions on users, hindering the ability to place orders. The platform's lack of transparency and sudden limitations make it challenging for customers to engage in normal trading activities.
NCM appears to be a deceptive platform, offering what seems like a favorable trading environment but ultimately preying on customers' deposits. Unfortunately, without any prior notification, they impose restrictions on users, hindering the ability to place orders. The platform's lack of transparency and sudden limitations make it challenging for customers to engage in normal trading activities.
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2024-01-10 17:11
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