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NCR Trading Review: is it a Scam?

NCR Trading Review: is it a Scam?

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NCR Trading (Ncrtrading.com) review is here after users asked us to investigate the signal provider. They make a promise to members that users will be able to copy and paste all trades. Users will use their smartphones and start profiting on the go. It sounds exciting, and we had to investigate further and find out more on this platform. They claim to have a signal success rate of around 85 percent, which is acceptable in the industry.

NCR Trading Review

About NCR Trading

The homepage looks professional, and they have made it possible for users to understand the information. In terms of navigation, the website is easy to navigate, which makes users learn more in a short time. On their Instagram page, this is where the plot twists as we have the full profile. The page does not have any images of the people behind it. It has a person who is covered in a mask, which is strange. The identity is hidden from viewers in plain sight, which is baffling.

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NCR Trading is openly defying regulatory rules that state a signal provider must be transparent. They fail to name where their offices are, which is a bit disturbing. Without full information on the signal provider, it leaves users hanging. Transparency is crucial when it comes to online trading. And this is the reason why users have to be careful with such signal providers. They appear professional but at the same time, hide their identity. And this is why we have to caution investors on this signal provider.

Assets and services offered by the signal provider

They claim to offer forex signals but don’t delve deeper into the type available. No one knows for sure whether they provide major or minor currency pairs. It would have been ideal if they mentioned on their homepage the available currencies. And this is another problem as users have to sign up first before getting the full information. Other services the platform claims to offer include premium analysis and high profitability set up. They also claim to be focused on providing long term signals.

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Business owner

As we mentioned earlier, NCR Trading is silent on who the actual developers are. On their Telegram and chat page, Henry de Boussac is the person behind the support. No one knows for sure who Henry is as there is no social media platform with his profile. The image does not match any users who go by the same name. And this could mean that the developers are using a random name as their support staff. It is usually a bad sign when such things happen, as this is probably a hoax.

Comments from users

NCR Trading Features

The platform has gone ahead and posted what seems to be satisfied with comments from users. There is no way of verifying the feedback from the posts. Most online trading forums have no chatter or mention of this platform. And this could mean that the industry has not received the signal provider with open hands. For those who have used the signal provider, kindly leave a comment and your experience. It is the only way to know for sure how the signal provider fairs in the trading world.

Domain details

After looking at the domain details, a pattern has emerged in regards to their online presence. The website went live on 5th March 2019 and had been having changes over the past five years. Yes, you got it right, five years. The platform has changed its hosting and registrar for over five years. It means that the platform was operating under a different name for some time. We have yet to establish the other products the site worked on. It proves that the platform is not telling the truth in regards to their previous works.

Features of NCR Trading

NCRTrading is a forex signal provider that offers an undisclosed trading strategy. The platform provides signal frequencies two to five times a day. It is a high number, and we question the accuracy of these signals. They also fail to mention the pairs available on the signals. Users get these signals via Telegram and can also get free premium trading signals. Before committing any funds with this platform, kindly confirm that the free signals are accurate. It is the only way to trust the accuracy provided by the developers.

License and Registration of NCR Trading

With no jurisdiction mentioned on the platform, NCR Trading is NOT licensed anywhere. They fail to give users any information concerning their compliance status. And this means that the platform has no permit to offer any trading products or services. It leaves users at a disadvantage as the platform does not offer any money-back guarantees. Once you deposit funds with the platform, there is no guarantee of recovering it. And this is why it is best to deal with licensed online products and services.

We checked with various regulatory bodies to confirm whether the platform is licensed. None of the regulators have heard of this platform. Regulators in Europe, such as CySEC and FCA, want to question the people behind this platform. It appears investors from the two regions have already signed up with the platform. Without a valid license, it means the platform does not offer any securities. Any deposits made don’t get insurance cover as expected with a licensed platform.

Pros and Cons of NCR Trading

Available packages

NCR Trading Packages

NCR Trading is furnishing users with two packages to choose from. The two packages include Basic and Premium. For Basic account holders, they don’t pay for it and receive two to five signals a day. Before signing up with the free account, ask yourself why the package is unrestrained. The premium package goes for $12.49 per month and offers three to seven signals per day. When it comes to the accuracy of these signals, we are sure they don’t match the quoted percentage.

Contact and support

Expect no quick response from their contact page as Henry seems to be a robot. We tried sending messages to Henry, and the response time was questionable. The platform seems to be heading in a downfall as they leave no direct contact. There is no telephone number that traders can use to contact support. One should expect that a signal provider is available throughout the day. Without the support team, users are left on their own to figure out any settings. And this is another problem with the platform.

Results and strategy of the signal provider

When it comes to their strategy, the platform remains silent on this. They fail to disclose their trading strategy, which spells doom for investors. Real trading service providers do disclose their approaches to users. They have provided a myfxbook trading result, which is frequently updated. For this part, we are glad that the platform is open when it comes to their results. Users have to check the results and decide whether the signal provider is worth it.

Scam or Legit NCR Trading

NCR Trading is a signal provider with the right intention but wrong execution. They fail to offer transparency, which is a massive deal to traders. For this reason, we won’t recommend the use of this platform. For those who want to test the platform out, kindly start with the Basic package. It will give you insight into how the platform works. Use the signals for a month and share your experience with us in the comment section.

Bottom line

Due to the rising complaints against anonymous platforms, we won’t recommend this signal provider.

The best option when it comes to online trading is choosing proven trading tools. Go for affordable forex trading robots that have been tested by experts. These tools have the backing of the trading community due to the safety they offer. Your investment is safe with a reliable robot that has years of trading experience.

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One Reply to “NCR Trading Review: is it a Scam?”

  1. NCR Trading copie tout ses trades sur M15 SIGNALS, donc si vous voulez avoir les mêmes signaux 10 minutes plus tôt c’est chez M15Signals

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