Noor Capital Broker Review – Is a Reliable Broker?

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Noor Capital Review

Noor Capital is a regulated broker from the UAE. The firm has been in the business since 2005, offering a variety of trading assets. Seemingly, we have a reliable trading partner here. This Noor Capital review will focus on all aspects of the brokerage and investigate whether you should trust them with your money. Let’s start.

In addition to the above, we want to invite you to read XPro MarketsInvestAtlas and BBanc scam broker reviews. Your funds are in danger with them!

Broker Status:Regulated Scam Broker
Broker Regulation:DED Abu Dhabi, SCA
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
Global Fraud Protection Team:Don’t Invest in This Scam Broker!

Is Noor Capital Regulated? – Why Does It Matter?

Noor Capital Forex brand is owned by Noor Capital P.S.C., registered with the Department of Economic Development Abu Dhabi and the Securities and Commodities Authority. That being said, the firm has quite a solid license. The UAE regulatory bodies are known to be strict. According to the Central Bank of Emirates, all Forex and CFD brokers should have 1 million dirhams as a security fund (around $250,000). This amount is low compared to EU regulatory requirements, where brokers should have around 700,000 EUR, yet better than offshore regulators that require nothing. 

Note that UAE Nregulation is good enough for the firm to provide financial services in the UAE and region. However, this firm would need to opt for any EU or FCA license to provide services in the EU and the UK.

Noor Capital : A Trustworthy Broker or a Scam?

Noor Capital is a regulated broker based in the UAE. The investment firm is licensed by the Department of Economic Development Abu Dhabi and the SCA. However, there are some concerning reviews regarding account managers and withdrawals.

Where Is Noor Capital Broker Active?

According to Noor Capital reviews, the firm is mainly active in:

  • UAE
  • Turkey
  • UK

As mentioned, any firm that wants to provide services in the UK needs to have an FCA license. Therefore, the broker operates without a valid regulation for this region.

How Does This Broker Contact Victims?

Broker Noor Capital advertises its services through Google, Facebook, and Instagram ads. Once you sign up, you’ll be contacted by the welcome desk that will help you invest.

After you have deposited, you will receive phone calls and emails from so-called relationship managers who should help you invest and advise you on the process. These people may be pretty aggressive, making different financial plans and sending you various offers through email, persuading you to invest more.

In the end, you may be added to different Telegram groups and channels, where the broker will send trading signals only to a chosen group of investors. This is usually a tactic to make you feel special and invest more.

If you have never signed up, you may be approached by the broker’s current clients since the firm runs an affiliate program. Customers are approached people through social media, persuading them to invest with the best Forex and CFD broker, and they get a small percentage in return.

Noor Capital MT4 Platform

Noor Capital Trading Platform Interface

We were a bit confused about Noor Capital’s trading platforms. Apparently, we have MT4 and WebTrader. However, MT4 cannot be used for share trading, only for the Forex market. While MT4 is the best platform this industry offers, we’re unsure why the broker limits investing only in Forex assets. However, with MT4, you will get funds safety, a large number of trading instruments, and a solid choice of trading tools.

MetaTrader 4 Mobile Platform

Noor Capital login is enabled through Android and iOS devices using a dedicated MT4 app. The app is based on the desktop version so that you can access the same range of trading tools.

MetaTrader 4 Mac

Besides a typical Windows desktop app, MetaTrader4 is also enabled for Mac devices. You can use it on your desktop, iPad, iPhone, or any other device.

Noor Capital WebTrader Platform

According to its website, Noor Capital GTN WebTrader is meant for global share trading. It’s a dedicated stock trading platform, advertised as comfortable and convenient. However, web-based software can never be as secure and advanced as a MetaTrader. Despite a good advertisement and broker’s praise, we would still advise you to stick with MT4.

What Products Does Noor Capital Broker Offer?

Clients can invest in:

  • Currency pairs – EUR/USD, GBP/USD, USD/JPY
  • Commodities – gold, silver, oil
  • Stocks – Amazon, Apple, Microsoft
  • Indices – NASDAQ, FTSE100, DAX30
  • Cryptocurrencies – BTC, ETH, LTC, XRP

Moreover, beware of scammers such as T4Trade, ETHProfits and EtaLTD. Please tell us about your scam experience if if possible.

Noor Capital Fees and Spreads

One solid reason to avoid Noor Capital broker is its fees and spreads. The firm charges management fees of $4.5 to $24 per lot for Forex assets, $5 to $10 per lot for indices, $30 to $210 per lot for cryptocurrencies, and $25 to $55 per lot for commodities. Spread starts at 2 pips for EUR/USD pair, while the industry average is 1-1.5 pips.

Trading Accounts Review – What’s the Difference?

There are 5 Noor Capital account types, including:

  • Standard
  • Premium
  • VIP
  • Institutional
  • Multi-Model Investment Account

The first three are regular account types bringing in more perks with higher investments. An Institutional account gives clients FIX API based on the FIX 4.4 Protocol, designed for algo-trading. In the end, we have multi-model investments, or MAM and PAMM accounts, where clients’ funds are transferred to a larger investing pool, and the account manager uses the pool funds to trade. If the trade is successful, funds will be split between customers based on their initial investment in the pool.

One big disadvantage is Noor Capital’s minimum deposit. The firm is regulated but doesn’t provide this information, making us suspect the entire business. Legit firms are usually highly transparent and disclose all information to customers before they even start investing.

Negative Balance Protection

As a final red flag and the source of many Noor Capital complaints, we will list negative balance protection. EU and UK regulators with licenses provide negative balance protection to ensure that customers won’t fall into debt to the trading firm. The firm has no such guarantee, meaning that you can lose more than you invested unless you close the trade when it comes to zero.

Can I Trade With a Noor Capital Demo Account?

Noor Capital Demo Account

Yes, the Noor Capital Demo account is enabled for all interested in testing the system. However, note that real issues start with real deposits. Besides the fact that this firm has no negative balance protection, your funds will be exposed to too much leverage. The EU, UK, US, and Australian regulators have a strict limit of 1:30 or 1:50, while the broker enables up to 1:500. If you can’t handle the leverage, don’t even bother testing this platform.

How Do I Withdraw Money From Noor Capital?

According to the FAQ section, funds must be withdrawn using the same method you used for the deposit. This firm accepts:

  • Debit/credit cards
  • Wire transfers

Noor Capital withdrawal request should be submitted through the Private Cabinet portal. However, there are no further specifications on this matter, including the processing time. It’s quite a big issue for a regulated firm to keep withdrawals blurry.

Did Noor Capital Broker Scam You? – Do Not Give Up

If you experience any issues while trading with Noor Capital, let us know. Global Fraud Protection has years of experience dealing with bogus investment firms. Our experts will evaluate your case during a free consultation and check if there’s a ground for requesting a chargeback.

Don’t wait until it’s too late. Report the issue now, and let’s start.

All In All, Don’t Let the Scammers Get Away for Free!

Get Your Money Back

FAQ Section:

What Is Noor Capital, and Should I Invest Money In It?

Noor Capital is an online investment Forex and CFD provider from the UAE. If you have any issues withdrawing your funds, please get in touch and we will assist you with a refund.

Does Noor Capital Offer a Demo Account?

Yes, Noor Capital offers a Demo account on the MT4 platform.

What Is the Noor Capital Minimum Deposit?

Noor Capital has never specified the minimum deposit required to start trading.

Can I Trade Crypto and CFDs With Noor Capital Broker?

You can trade several cryptos and other CFDs with Noor Capital.

Does Noor Capital Give a Deposit Bonus?

Noor Capital did not mention or specify anything about deposit bonuses

We hope you enjoyed our review of Noor Capital. We hope that this blog post helps answer all of your questions about Noor Capital the investment platform. If you are interested in learning more about the company and whether or not it is right for you, please visit our website at

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