NCE Information
NCE operates under the trading name NCE SC Limited, focusing on forex, commodities, indices, shares, and cryptos trading. However, its status as FSA (The Seychelles Financial Services Authority) offshore raises significant credibility concerns for traders. Caution is advised due to regulatory flags that can impact reliability and investor protection.
Pros & Cons
Is NCE Legit?
When considering the safety of a brokerage like NCEor any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: NCE operates under the Seychelles Financial Services Authority (FSA) offshore with license number SD112.
- User feedback: NCE has been flagged for withdrawal issues in an exposures on WikiFX, questioning the broker's reliability. This serves as a warning for anyone considering their services, urging utmost caution due to potential issues with fund withdrawals.
- Security measures: At NCE, client funds are securely segregated from company assets, held in accounts with globally recognized financial institutions.
In the end, choosing whether or not to engage in trading with NCEis an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
NCE offers a comprehensive selection of over 80 financial instruments across various asset categories.
In the
Forex market, traders can engage with a vast array of global currencies, tapping into the world's largest financial market for extensive trading possibilities and currency pairings.
The Metals category allows investors to trade in precious metals like gold and silver, benefiting from their unique market dynamics and safe-haven appeal during economic uncertainties.
The Energies market encompasses commodities such as oil and natural gas, providing strategic avenues for investment in vital energy resources.
Indices offer a window into global economic performance through stock indices, allowing traders to capture the pulse of major economies and diversify their portfolios accordingly.
Investing in the Shares market enables participation in leading global companies, facilitating portfolio growth through equity investments.
Furthermore, NCE supports trading in cryptocurrencies, unlocking opportunities in the volatile yet promising digital asset market, where innovative technologies and market trends drive investor interest and potential returns.
Account Types
NCE provides a demo account that allows you to try out the financial markets without the risk of losing money.
NCE offers a total of 3 account types: Standard Accountm Raw Spread Account and VIP Account. The minimum deposit to open the Raw Spread Account and the Standard Account is $200. The threshold to open the VIP Account is $5000.
Leverage
When it comes to leverage, NCE enables its clients to use the maximum trading leverage up to 1:1000, which is greater than the levels regarded appropriate by any regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
The company offers leverage ranges from 1000:1 for account equities between 0 to $999.99, gradually reducing to 100:1 for balances exceeding $20,000 for Forex, Metals, and Oil trading.
Cryptocurrency trading maintains fixed leverage ratios, with major pairs like BTCUSD and ETHUSD offering leverage up to 100:1, while smaller altcoins like MANAUSD and MATICUSD are leveraged at 10:1.
Indices such as US30 and UK100 provide leverage up to 100:1, reflecting global market volatility and investor demand.
Shares trading offers a conservative approach with a fixed leverage of 20:1 across all listed stocks, ensuring stability and risk management in equity investments.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Spreads & Commissions
NCE offers competitive trading conditions with flexible spread and commission options across its account types:
In the Raw Spread Account, traders benefit from floating spreads starting as low as 0 pips, providing tight pricing on Forex, metals, and other assets. Additionally, this account type charges a commission of $3.8 per lot traded, which is cost-effective for more active traders.
For the Standard Account, no commission is applied, making it ideal for traders looking to avoid additional transaction costs while still benefiting from floating spreads designed to optimize trading profitability.
On the other hand, the VIP Account offers enhanced trading conditions with a commission of $2 per lot, paired with floating spreads.
Trading Platform
NCE provides traders with the popular MetaTrader 5 (MT5) trading platform which is avaialbel on desktop, web and mobile devices. MT5 is a popular and widely recognized trading platform known for its user-friendly interface and robust features. It provides traders with access to a range of financial instruments, including Forex, indices, commodities, and more. MT5 offers advanced charting capabilities, technical analysis tools, customizable indicators, and the ability to automate trading strategies using Expert Advisors (EAs). Traders can also execute trades, manage orders, and monitor market conditions in real-time using MT5.
FIX API
NCE's FIX API offers tailored trading solutions across the market spectrum. It provides customized options for individual traders, enhances efficiency for asset managers and hedge funds, and enables automatic exchange and currency hedging for brokers and companies. With competitive pricing for institutional partners, this versatile API caters to diverse trading needs, from personalized strategies to large-scale operations.
Trading Tools
At NCE, traders benefit from access to a comprehensive Economic Calendar that highlights crucial economic events and indicators affecting global financial markets. This tool enables traders to stay informed about key announcements such as central bank decisions, economic data releases (like GDP reports and employment figures), and geopolitical events that can influence market sentiment and asset prices.
Social Trading
At NCE, social trading serves as a dynamic platform that bridges the gap between experienced investors (managers) and less seasoned traders, fostering a collaborative environment for learning and profit. This innovative feature allows novice traders to follow and emulate the strategies of successful investors, gaining insights into their trading decisions and techniques. Users can observe real-time trading activities, access performance metrics, and directly interact with managers to understand market trends and refine their own strategies.
Beyond individual learning, NCE's social trading enhances community engagement by creating a supportive network where traders can share insights, discuss market developments, and collaborate on investment ideas. This interactive approach not only democratizes access to trading expertise but also encourages knowledge-sharing and mutual growth among participants.
Deposits & Withdrawals
NCE supports two main payment methods: UnionPay and bank transfers in USD, EUR, GBP, and PLN.
These methods ensure flexibility for traders to fund their accounts and withdraw funds efficiently. The platform requires a minimum deposit of $100, with no commissions charged on deposits or withdrawals.
Deposits are processed instantly, while withdrawals are typically completed within 1 working day.
Customer Service
NCE provides customer service primarily through email: support@ncemarkets.com, live chat, and a contact form.
Q&A
Is NCE regulated?
NCE is currently offshore regulated by the Seychelles Financial Services Authority (FSA) with license no.SD112.
Is NCE a good broker for beginners?
Yes, NCE offers a a user-friendly platform and social trading function. Beginners can open a risk-free demo account first to test.
Does NCE offer industry-leading MT4 & MT5?
Yes, NCE provides access to MetaTrader 5 (MT5) on web, Windows and mobile devices.
What is the minimum deposit NCE requires?
The minimum deposit required by NCE is $100, but a minimum deposit to open an account is $200.
Does NCE offer demo accounts?
Yes.
Are there any restricted areas for NCE's services?
Yes, NCE SC Limited does not offer services to residents of certain jurisdictions including Iran, North Korea, Syria, Sudan, Gambia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, the United States, Japan, and Hong Kong.
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.
小泥巴
Hong Kong
At 2:30 am on April 11, the platform went offline preventing me from closing positions. I wasn't able to close my losing short position nor open a long one. After waiting for over 20 minutes, I needed to rest and couldn't keep an eye on the trades. When I woke up, I had a margin call. This platform also went offline for about 40 minutes on the evening of April 10. This dishonest platform offers no compensation. Is it normal for a platform to lag and prevent normal operation?
Exposure
04-21
FX1732296051
Hong Kong
I made my first deposit of $10,000 on November 28, 2014, and after completing KYC verification, I made my first withdrawal of $7,000 on December 19, 2024. On December 24, 2024, I attempted a second withdrawal of $9,000 and faced nearly unreasonable demands to provide various documents, even including the source of USDT funds. The USDT I used was not from exchanges like Binance but from an earlier platform called i-token. 1. Previous withdrawals were already verified and completed. 2. What kind of reasonable documentation is required? Your emails have not clarified this. 3. Since previous withdrawals were completed without issue, indicating no problem with KYC, why is there a request for KYC again later? Can I assume that because I have made profits, you are deliberately refusing to process my withdrawals?
Exposure
02-11
FX1160613797
Singapore
Absolutely do not deposit or trade with NCE. It's impossible to withdraw your principal. I have already contacted several victims within the country who are unable to withdraw their funds, and we have reported this to the police for handling.
Exposure
01-20
FX2637531442
Hong Kong
Ordering is very smooth, have been doing it for almost 3 years, very satisfied!
Positive
Three days ago
NCE萌萌
United States
Good user experience
Positive
03-06
FX1160613797
Singapore
Withdrawal not processed for three months, unable to log into the backend, suspecting a potential exit scam. Everyone, please be cautious.
Exposure
2024-12-31
FX4477504712
Hong Kong
The sales manager said that U-deposit and U-withdrawal were allowed, but later when withdrawing funds, it was said that it did not meet the requirements for U-withdrawal and could only be withdrawn through UnionPay! Later, the customer manager could not be contacted at all, and the customer service on the official website was always unhelpful, just shrink the responsibility and never solving problems. It's a scam platform, they cheat even with 200 U!!! Everyone, be careful!
Exposure
2024-12-11
NCE萌萌
United States
NCE has been used for two or three years without any problems
Positive
2024-11-27
FX1160613797
Hong Kong
On August 24, 2024, I was introduced to open an account with NCE and deposited $15,100. The market conditions were favorable at the time, and I made some profit. On September 12, when I wanted to withdraw some of the money, customer service required various video verifications. I have submitted these four times; after the last submission on November 11, my backend and MT4 account were immediately blocked. I suspect the platform is planning to abscond.
Exposure
2024-11-18
汇者剑客
Hong Kong
Cannot withdraw funds on the NCE platform. The customer service keeps asking me to wait. I deposited $6,800 on August 19th and made a trading profit of $911.45. After submitting the withdrawal, I received a notification of processing the withdrawal and provided detailed information. Later, the platform requested a hand-held ID card and video. I completed the facial recognition and video verification as requested by customer service, but I have not received the withdrawal processing. Emails sent have gone unanswered. I contacted the official customer service, and they said communication needs to be done through email. After unsuccessful attempts, I can only seek help from you.
Exposure
2024-10-30
FX2317123942
Taiwan
I have been using this platform for a long time and have hardly encountered any problems. Compared to other platforms, the speed of deposit and withdrawal in the trading environment is indeed good👍
Positive
2024-09-07
GGOR135
Taiwan
I have used several well-known brands before, such as TMXX and IX, etc. But in terms of the environment, NCE is better. The main reason is that it is convenient for depositing and fast for withdrawing. I can deposit with Alipay and it only takes me 5 minutes to complete. Good things should be promoted. I hope to continue working hard.
Positive
2024-09-06
FX4106047568
Taiwan
There should be no problem. It's working well now. I hope to continue to persist. A platform that grows bigger, better, and lasts longer!
Positive
2024-09-05
金主浮沉
Taiwan
After using the platform for more than 3 years, I have withdrawn money more than ten times without any issues. There have been both profits and losses. Among the platforms I have used, it is considered good. I can give a positive review. I hope the platform can have stable development and more activities.
Positive
2024-09-05
汇者剑客
Hong Kong
I opened an account at NCE on August 19, 2024. The trading account number is 603309. The website for account opening is https://ncetrader.com/cn/. I successfully verified and deposited funds on the same day, and made a profit of over $900 in trading. I made a withdrawal the next day. I also added a business manager to prepare for agency opening and received an email stating that they have received and processed my multiple withdrawal requests and provided detailed information. However, I have not received the platform remittance directly. For several days, I have been contacting customer service every day, but the previous responsive customer service has become perfunctory now. I have sent multiple emails to the official email address, but there has been no response except for a reply asking for patience and waiting for processing.
Exposure
2024-08-27
henry11
Australia
I've been using NCE for a while now, and honestly, it's been pretty smooth. The spreads are tight and I love how quick the MetaTrader 5 platform is
Positive
2024-06-21
交易者11
Hong Kong
It has been more than a month, and they keep passing the responsibility around. After earning $900 on a $1000 principal, they refuse to release the funds. It seems to be a platform where you can only deposit but cannot withdraw.
Exposure
2024-05-01
音信
Hong Kong
I used the NCE platform, and it is different from the market data. The spread is huge and the slippage is serious. I hope everyone will not use this kind of offshore platform. NCE used to be a black platform, and it is still the same now, laundering money.
Exposure
2024-07-14
每日交易
Hong Kong
The account has been frozen and cannot be logged. Customer service says it's not their responsibility. I contacted the person who helped me open the account, but he ignored me.
Exposure
2024-04-15
交易者11
Hong Kong
Deposited 1,000, earned 900, and could not withdraw the principal for various reasons. A black platform that can only deposit but not withdraw money. I contacted customer service, who asked me to contact an agent, and the agent asked me to contact customer service, shirking responsibility. The video authentication fails no matter what. Be careful with this black platform where you can only deposit but not withdraw money.
Exposure
2024-04-13
不戒色和尚
Hong Kong
I don’t know the legality of the platform. As long as it is a profitable account, withdrawals will be restricted and require various re-verifications. After that, there were various reasons, such as verifying IP, browser, and face recognition. Finally, they said that it was in process...it took 2 months to get the withdrawal!
Exposure
2023-10-24
weioo
Hong Kong
TRI is an unscrupulous dealing desk and has now run away. It merges with nce. They canceled user accounts at will, the "teachers" are all fake, and now the group chat has been disbanded.
Exposure
2023-09-11
乘914
Hong Kong
For two-way orders, available balance is still more than 80 US dollars, and then spread widens, resulting in liquidation and forced liquidation. At the beginning, customer service said that deposit was not enough. I reminded that it was enough, and then they said that I would give feedback.
Exposure
2023-07-05