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NCE
Suspected Fraud
Suspected Fraud

NCE

🇨🇳
  • Forex
  • Broker
1-2 years
Website

Current Rating

1.26

Industry Tier

E

Profile

NCE is an online forex broker specializing in forex, precious metals, crude oil, cryptocurrencies, indices, and stock trading. Details about NCE's registration and establishment date are unclear. Moreover, NCE is the predecessor of ANC (Australian National Coin Exchange PTY LTD), a fraudulent forex broker whose official website is now inaccessible. NCE's official website is https://www.ncetrader.com/, which only offers support in Chinese.

Corporate and Regulatory Information of NCE:

NCE's official website does not disclose any specific information about the company's registration, including the registration address and related details. Simultaneously, the platform does not provide valid regulatory information, suggesting that NCE may not be regulated. According to domain registration data, NCE's website domain was registered on July 22, 2023.

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Account Opening Process at NCE:

  • Visit NCE's official homepage
  • Click the registration button
  • Fill in the necessary information, including name, country, phone number, and email, etc.
  • Complete the registration process following the page's instructions.
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Market Tools at NCE:

NCE offers its users a wide range of market tools, including forex, precious metals, crude oil, cryptocurrencies, indices, and stocks.

Forex: Traders can choose from 16 currency pairs, including major pairs (such as EUR/USD, GBP/USD) as well as minor and exotic pairs.

Precious Metals: NCE offers its clients the opportunity to delve into this important economic and industrial sector, including rare precious metals valued for their scarcity, beauty, and resistance to corrosion.

Crude Oil: Another significant service offered by NCE. Crude oil, as a basic raw material and key energy source, has prices influenced by supply and demand, geopolitical factors, etc., providing traders with opportunities for fluctuating trades.

Moreover, NCE supports cryptocurrency trading, a digital or virtual currency secured by cryptography ensuring secure transactions and controlling the creation of new units for supply manageability. Thus, NCE provides a diverse market selection, enabling flexible and diversified trading according to individual investment preferences and market conditions.

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Accounts at NCE:

NCE offers two types of accounts for its users: demo accounts and raw spread accounts.

Demo Account: A demo account allows you to experience the financial markets without any risk of loss, providing traders with opportunities to learn and practice.

Raw Spread Account: The minimum deposit for opening a raw spread account is $200, making it relatively accessible. However, lesser capital might reduce loss risk but could also impact profit potential, so accounts with a smaller initial deposit may find the trading conditions to be relatively poor. Investors should weigh the risks and potential returns when choosing account types to meet their investment objectives.

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Leverage, Spread, and Commission at NCE:

NCE offers its clients flexible trading conditions, including choices in leverage, spreads, and commissions.

In terms of leverage, NCE allows clients to use up to 1:1000 maximum leverage, offering significant trading potential but also presenting potential risks for inexperienced investors. Particularly in Europe and Australia, the maximum leverage for major currencies is 1:30, while it is 1:50 in the USA and Canada. For beginners, it is advised to maintain smaller leverage, not exceeding 1:10, to mitigate potential loss risks.

Spreads and commissions depend on the selected account type. In a standard account, the average spread for EUR/USD starts from 1.6 pips with no commission charges. Meanwhile, the Raw Spread account offers ultra-low raw spreads but comes with a commission starting from $3.8 per lot.

Traders should choose appropriate leverage and account types based on their risk tolerance and experience level to ensure the best trading experience.

Trading Platforms at NCE:

NCE offers the MetaTrader 4 (MT4) trading platform to traders for Windows, Mac, iOS, Android, and Linux devices. MT4 is renowned for its user-friendly interface and powerful features, providing access to a wide range of financial tools, including forex, indices, and commodities.

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Deposits and Withdrawals at NCE:

NCE accepts deposits and withdrawals via USDT and local bank transfers. The broker does not charge any fees for deposits or withdrawals under $20,000. For amounts exceeding $20,000, a minimal fee is charged through the secure ERC-20 chain.

Customer Support at NCE:

NCE only offers customer support through email (support@ncemarkets.com) and official website messages.

Conclusion:

NCE's official website does not disclose detailed corporate registration and regulatory information. Furthermore, the leverage of up to 1:1000 offers a potential high-risk trading environment, especially for inexperienced investors, potentially leading to devastating losses. Although NCE offers demo accounts for learning and practice, beginners may find the trading conditions of its low-threshold raw spread account relatively poor. Customer support is provided only through email and website messages, lacking real-time communication channels. The absence of regulatory information may increase investors' perception of risk as regulation is often a key factor in ensuring platform transparency and the safety of users' funds. Considering these factors, potential investors might need to carefully evaluate whether NCE meets their investment needs and risk tolerance. Currently, NCE is flagged as "Suspected Fraud" on TraderKnows.

User Reviews

1.26

Rated by 0 people

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FAQ About NCE

01

What is NCE's official website?

A: NCE's official website is https://www.ncetrader.com/

02

Is NCE a legitimate company, or is it a scam?

A: NCE is currently marked as Suspected Fraud on TraderKnows.

03

What is NCE?

A: NCE is a Forex, Broker company.

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