Noor Capital is a forex broker located in the UAE, regulated by the Department of Economic Development Abu Dhabi (DED) and the Securities and Commodities Authority (SCA).
Noor Capital accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|25+ Currency Pairs||Based on major and minor world currencies.|
|9 Indice CFDs||Based on baskets of different blue-chip stocks.|
|2 Metal CFDs||Based on Gold and Silver.|
|2 Energy CFDs||Based on Crude Oil (WTI) and Natural Gas.|
|10000+ Stock CFDs||Based on shares of US, UK, EU and many other companies worldwide.|
|500+ ETF CFDs||Based on exchange-traded funds containing various tradable assets.|
Most of the Stocks and ETFs are available on the Noor Capital Stocks Trading Platform, GNT.
Noor Capital is a forex broker based in the United Arab Emirates (UAE) and regulated by the Department of Economic Development Abu Dhabi (DED) and the Securities and Commodities Authority (SCA). The broker offers trading in a wide range of trading instruments, and has been in business all the way since 2005.
A nice thing to note about Noor Capital is the proprietary trading platform that this broker offers specifically for stock trading. Named Noor Capital Stocks Trading Platform, the platform contains pretty much everything a trader will need, including of course real-time streaming of data for charts, and all of the most popular technical analysis tools. In addition, the platform is offered with support in multiple languages available 24 hours per day, 6 days per week.
Besides the dedicated stock trading platform, Noor Capital also supports MetaTrader 4 (MT4), a platform that is widely known as one of the most popular forex trading platforms. MT4 is suitable for both beginners and more experienced traders, and contains one of the most extensive selections of custom technical indicators and trading algorithms of any platform in the world.
The instruments that can be traded with Noor Capital include a selection of around 25 forex pairs, a handful of major stock indices and commodities, as well as a massive selection of more than 10,000 single stocks and 500 exchange-traded funds listed on exchanges around the world.
Important to note is that most of the stocks and ETFs are only available on the broker’s stock trading platform, and not on MT4.
Unlike most forex brokers we have reviewed, Noor Capital does not offer multiple types of trading accounts, but instead has one forex and one stock trading account for individuals, and the same for companies. As usual, the broker also has a demo account for those who want to “paper trade” to get more practice.
At the time of writing, trading leverage on the accounts is limited to 1:100 on the most liquid instruments. This is not among the highest in the industry, but still far higher than what is possible to get from forex brokers registered in places like for example the EU and Australia.
To fund a new trading account, Noor Capital clients can make a wire transfer to deposit money straight into the broker’s bank account in Dubai, or use a credit or debit card. Strangely, the broker does not accept any of the common e-wallet services that most other brokers use, and crypto deposits are not accepted either.
To contact Noor Capital’s customer service team, clients can reach out via a live chat option on the website, as well as email and local phone numbers in Dubai and Abu Dhabi. Support is available Sunday to Friday, 24 hours a day.
To conclude, we believe Noor Capital offers almost everything a trader would need, including a huge selection of stocks and two different platforms to trade on. What we are missing, however, would be some crypto pairs to trade, and the ability to fund trading accounts with crypto. Still, as a fully regulated forex broker we realize this is not always possible.
Lastly, it should also be mentioned that Noor Capital has a track going back all the way to 2005, which we think adds a lot of credibility to this broker. All in all, Noor Capital therefore appears to be a solid forex broker to trade with.