Noor Capital broker is owned by Noor Capital P.S.C, based in the United Arab Emirates. It is one of the rare brokers that are offering their services with adequate licensing. The company exists since 2005.
Since UAE regulatory bodies are very strict, we will check that first in our detailed Noor Capital review.
In addition, we recommend reading our reviews about brokers PrimeFin, Axiance and Athens Market.
|Broker status:||Regulated Broker|
|Regulated by:||SCA Abu Dhabi, DED Abu Dhabi|
|Owned by:||Noor Capital P.S.C|
|Supported Platforms:||Web trader / MT4|
|Cryptocurrencies:||Yes – BTC, ETH, LTC|
|Types of Assets:||Forex, Commodities, Indices, Shares, Cryptocurrencies|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Is Noor Capital a Regulated Broker?
Noor Capital is licensed by two entities. Both are highly trusted in UAE. Those are the Department of Economic Development (DED) and the Securities and Commodities Authority (SCA).
However, since they are providing services outside of the UAE, they should have a license from any Tier 1 regulator like FCA (the UK) and BaFin (Germany). Unfortunately, they don’t have it.
Transparency was not the key thing in Noor Capital’s presentation. However, they have a license from a reputable regulator. Trading conditions and withdrawal policies are blurry.
Reasons for Using a Regulated Broker for Trading
Reasons for choosing a regulated broker are numerous. You have some protection from their regulators if the company disappears.
Regulated brokers provide clear trading conditions, and with Tier 1 regulation you have leverage that is not dangerous. Unfortunately, Noor Capital has leverage that goes up to 1:500, which is allowed according to their regulators.
We were expecting something more advanced. But the availability of Web Trader and Meta Trader 4 is enough. Even though MT4 is only available for Forex trading we find it as a good option. However, if you want to switch between assets and check multiple option,s you will have to check two different platforms.
MetaTrader 4 Mobile
MT4 is a trading standard for most Forex traders. It offers very good trading tools, indicators and advanced features. Besides that, it’s available for any mobile device whether Android or iOS. The app is very optimized, has a very fast response and it’s user-friendly.
Metatrader 4 Desktop
If you are a fan of big toys and big monitors, the desktop version is a great option for you. You can download it on any PC, and it doesn’t have some hard requirements. Check the MT4 website for download. Or you can download it from the broker’s website.
Metatrader 4 WebTrader
Web trader is basically the same as the desktop version, but there is no download required. You can use your login credentials and in the blink of an eye, you are ready for trading.
However, everything depends there on your internet connection and the browser that you are using. Choose your options wisely.
Metatrader 4 Mac
Many successful traders switch in later stages to Apple devices. For influencing purposes. Many love to record themselves, therefore to present themselves as successful they need to have Mac. So, for those who love Apple don’t worry, MT4 has an option for those devices as well.
What Financial Instruments Does Noor Capital Include?
The broker offers a very solid group of financial assets. Starting from:
- Forex – USD/JPY, EUR/SGD, GBP/NOK
- Commodities – oil, natural gas, gold
- Indices – Dow Jones, FTSE100, AU200
- Shares – Apple, Microsoft, Tesla
- Cryptocurrencies (only 4) – BTX, ETH, LTC, XRP
Just have in mind that Forex is available on MT4, while other CFD assets are available on Web trader. Since maximum leverage goes up to 1:500, be careful trading those assets.
Noor Capital Service Countries
According to Noor Capital reviews, they are working with clients from:
- United Arab Emirates
Unfortunately, many clients are complaining about customer services and withdrawal procedures. There could be some issues, but those are just allegations based on reviews. However, we always recommend clients look for trading companies based in their own country with domestic regulations.
Noor Capital Types of Accounts – An Overview
The broker offers 5 different account types starting with:
- Multi-model Investment Account
Of course, the more you invest the better are conditions. As a result of adding more funds, clients decide to go with MAM or PAMM trading models where the broker is trading with the combined funds of many traders. Based on the amount deposited, profits are split between investors.
Noor Capital Free Demo Account
Another good thing is that this broker offers a demo account. However, you will realize very quickly why a leverage of 1:500 is very dangerous. With regulations like FCA, BaFin or ASIC none of these would be allowed. So, before depositing and risking any of the funds, you can check a demo account.
Noor Capital Partnership – IB Program
The whole program is all about becoming an affiliate of Noor Capital trading. They offer certain rewards and full assistance for the process.
However, you are transferring the focus from trading to looking for other clients. If you are making enough money through trading, there is no reason to bother looking for clients for the broker.
Noor Capital Deposit and Withdrawal Policies
The company accepts two different payment options – cards and wire transfers. As for a withdrawal, you need to complete it with the method that you used for a deposit. After requesting a payout, the request goes for a review and unfortunately there is no processing time mentioned.
This is a big failure from the regulated company to leave such an important thing unknown.
Noor Capital Terms and Conditions
As for trading conditions they are speculative. Some FCA-regulated companies offer spreads lower than 1 pip. However, this broker offers floating spreads around 2 pips. On top of that, leverage is extremely high and dangerous.
What Should I Do If I Have Noor Capital Problem?
If you look for any Noor Capital reviews you will see that people share their thoughts first. Do the same thing, that’s the way how to make a bigger picture. On top of that, you can always contact the regulator responsible for that brokerage company.
Our expert team can give you advice on your first steps, so don’t feel ashamed to get back to us!
What Is Noor Capital?
NooR Capital is a domestically regulated broker from UAE offering its FX and CFD trading
services since 2005.
Is Noor Capital a Regulated Broker?
Yes. They have provided information about licenses from the DED of Abu Dhabi and SCA of the United Arab Emirates.
Is Noor Capital Available in the United States or the UK?
This broker only provides services to UK clients but not US. Besides that, they are trading with clients from Turkey.
Does Noor Capital Offer a Demo Account?
Yes. A demo account is available with this broker. However, virtual funds are not reliable because you are not learning to trade properly. Better try on a micro account, but unfortunately, you will have to check that with another broker.
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