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    Noor Capital Review – Is Noor Capital a Reliable Broker?

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    Is Noor Capital Legit or a Scam?

    Noor Capital is a UAE-based brokerage firm established in 2005. While they hold licenses from two reputable UAE regulators, they lack licenses from Tier 1 regulators like the FCA or BaFin when operating outside the UAE. This raises concerns about the level of protection offered to clients in other jurisdictions.

    Additionally, negative customer reviews highlight issues with customer service and withdrawal procedures, further raising red flags.

    While not definitively a scam, Noor Capital presents significant risks due to a lack of Tier 1 regulation, potentially problematic practices, and potentially dangerous trading conditions.

    What is Noor Capital?

    Noor Capital is an online brokerage firm offering a variety of financial instruments, including forex, commodities, indices, shares, and cryptocurrencies. They provide access to two trading platforms: the industry-standard MetaTrader 4 and their web-based platform.

    Noor Capital Details

    Broker Status:

    Regulated Scam Broker

    Broker Regulation:

    DED Abu Dhabi, SCA

    Scammers Websites:

    noorcapital.ae

    Operating Status:

    Active Forex Trading Scam

    Blacklisted as a Scam by:

    N/A

    Broker Owner:

    Noor Capital P.S.C.

    Headquarters Country:

    UAE

    Foundation Year:

    2005

    Trading Platforms:

    MT4, WebTrader

    Mobile Trading:

    Available

    Minimum Deposit:

    N/A

    Deposit Bonus:

    N/A

    Crypto Trading:

    Available – Only 4 coins

    CFD Trading:

    Yes, you can trade CFDs

    Trading Instruments:

    Forex, commodities, indices, shares

    Maximum Leverage:

    1:500

    Islamic Account:

    Available

    Demo Account:

    Yes

    Accepts US Clients:

    US traders are not accepted

    Our verdict:

    Don’t Invest in This Scam Broker!

    Deposits and Withdrawals

    Noor Capital accepts deposits and withdrawals via credit/debit cards and wire transfers. However, withdrawals must be processed through the same method used for deposit, and no processing times are clearly communicated, raising concerns about potential delays.

    Account Types

    Noor Capital offers five account types, with better conditions offered for higher initial deposits. These include the Standard, Premium, VIP, Institutional, and Multi-model Investment Account (MAM/PAMM).

    Red Flags and Warning Signs

    Several red flags raise concerns about using Noor Capital:

    • Lack of Tier 1 regulation outside the UAE: This means clients may have limited recourse in case of disputes.
    • Negative customer reviews: Complaints about customer service and withdrawal procedures raise concerns about the company’s practices.
    • High leverage (up to 1:500): This can be extremely risky for inexperienced traders and lead to significant losses.
    • Unclear withdrawal processing times: Lack of transparency regarding withdrawal processing times can be concerning.
    • Floating spreads around 2 pips: This might be higher than spreads other brokers offer.

    Customer Complaints and Negative Reviews

    Noor Capital has received negative reviews online, with customers citing issues with customer service and withdrawal procedures. While these reviews shouldn’t be taken as definitive proof of wrongdoing, they highlight potential areas of concern.

    Got Scammed by Noor Capital? We Help Victims!

    If you believe Noor Capital has scammed you, it’s crucial to seek legal advice and report the incident to the relevant authorities. This can help protect yourself and potentially recover your funds.

    Remember, this information is for educational purposes only and should not be taken as financial advice. Always conduct thorough research and due diligence before investing with any broker.

    If you’ve experienced financial losses with companies like TranzactCardHeroFX, or QxBroker, please report it using the form below.

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      Kenneth Williamson

      Kenneth Williamson

      Kenneth Williamson serves as the primary news writer at BCA, bringing his expertise in online marketing to produce high-quality industry coverage. His unwavering commitment to helping individuals and businesses succeed in the digital realm is evident in his writing. Additionally, Kenneth provides top-notch technical SEO and copywriting services to businesses of all sizes.

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