Noor Capital (Noorcapital.ae) is a fair Forex broker licensed by the Central Bank of the UAE. NoorCapital is offering users in the gulf region with a financial investment strategy matching the needs of traders. They offer a broad array of financial investment capabilities such as financial administration and advisory. Members we contacted have hailed the broker as the best in the region. Read this detailed NOOR CAPITAL review for more.
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To understand more about this broker we headed to their homepage. With a clear and user-friendly website, members are in capable hands. Website has all avenues covered and navigating through the website is easy. In case you need any questions, live chat support is there to help you. They offer their services to any and all qualified investors as well as institutions. Members can have access to various asset classes. And with a very friendly account manager, investors are in capable hands.
Another interesting fact with Noor Capital is their partnership program. They offer a hybrid investment structure which is a good fit in the gulf markets. Program dictates affiliates to protect funds in a safe and secure environment. Joining their affiliate programs requires users to empower traders with Noor trading tools. Customers also enjoy seasonal promotional tools associated with this broker. All in all, Noor Capital is making sure they offer fair and stable trading conditions.
Noor Capital PSC is the company behind this website and is regulated by the Central Bank of UAE. They offer consultancy and financial investment to anyone willing to sign up. They hope to put integrity and quality service to traders across the globe. Noor Capital is promising to create a financial strategy that reflects a trader’s personality. All seems to be okay with their mission and vision except one thing. We still don’t know who is running this website, there’s a clear anonymity.
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Scrolling at the website, we headed to the chairman’s message page. Why has he/she failed to mention their names? Is it odd the chairman doesn’t mention his real name at the end of his speech? Their level of anonymity is a huge red flag especially to other traders in other regions. Anonymity is always a thorn for European and other traders not from the gulf region.
When it comes to their licensing, no one can refute their licensing claims. Noor Capital PSC is licensed and registered by the Central Bank of UAE. Does this mean the broker should be trusted? As a rule of thumb, we only recommend brokers associated with known regulatory bodies. Having a license from Central Bank is one thing, offering real trading services is another. Make sure to sign up with brokers licensed by EU and other well-known regulatory bodies. The Central Bank of UAE does not cut it.
To be safe, use brokers regulated by ASIC, COSNOB, CySEC, FCA, FSA, NFA, and SEC. These are institutions which only give the green light to entities which follow strict guidelines. Sadly, NoorCapital is not offering ample trading service but more of an investment platform. There are a lot of unclear statements with this broker which makes us question their motive. Why is this broker not having proper security features on their website? Not even the most basic security software to protect their website.
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Noor Capital PSC is a joint stock company which follows trading laws under the UAE. You can get the registration details under the Department of Economic Development in Abu Dhabi. What we mean is your funds are safe with this broker. Thanks to strict regulatory requirements, NoorCapital has managed to get a trading license.
To start as off, they have MT4 platform which is the best in the trading world. Apart from having a solid platform, traders can get over 46 currency pairs to trade with. You can also get plenty of CFDs and precious metals to trade with. Crypto coins are also on offer such as Bitcoin, Etherium, Litecoin, and Ripple. Their MT4 platform has advanced features such as advanced charting tools. They offer leverage which is as high as 1:500. It ensures traders reduce investment risks involved.
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As much as we like brokers who offer enticing features, we also have to be realistic. EUR/USD spread floated about 2 pips. Spreads are considered a bargain when they start below 1.5 pips. It would seem this broker is targeting a certain type of traders. And this is what makes us have second thoughts with brokers in the gulf region.
Noor Capital fails to inform users which type of payment methods traders use. How can a broker who has a valid trading license miss such crucial information? And this is another red flag we have to raise. These are clearly wrong methods to deposit funds. At all times, investors should know available depository and withdrawal channels used. How often are withdrawals sent out to investors? Lack of such information is a red flag.
Yes, funds are safe with this broker since they are insured by the Central bank. Does this mean you should open an account with them? No, open an account with regulatory bodies mentioned above.
Sadly, this is not a broker we would recommend to our readers. They fail to have crucial information which is a letdown. Stay away from these brokers and sign up with recommended brokers.
To trade safely ensure you sign up with brokers regulated by ASIC, COSNOB, CySEC, FCA, NFA, and SEC.
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Wishing all investors a safe and successful trading experience.
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