NCM Financials Review UAE 2026

Is NCM Financials regulated in the UAE

I pulled the CMA public register on 26 August 2026 and found NCM FINANCIAL SERVICES L.L.C listed as Active. The firm holds a Category 1 licence from the Securities and Commodities Authority, number 20200000158. The register authorises it as a financial products dealer, a trading broker in the international markets, and a trading broker of OTC derivatives and currencies in the spot market. It was established on 19 July 2023 in Dubai and is not a Category 5 firm.

The Terms of Business PDF contains a retail safeguard worth noting. It says, verbatim, “Customers will not be liable for any negative account balances on their accounts and the Company will make an adjustment, and the negative balance will become zero automatically.” That is a clear negative-balance-protection promise. The same document states the company does not provide advisory services, and the website confirms it categorises clients according to regulator criteria without offering advice.

A material conflict sits in the broker’s own materials. The Terms of Business PDF describes the regulator as “the United Arab Emirates Securities and Commodities Authority (‘SCA’)”. The site-wide footer, however, says “NCM Financial Services L.L.C. is regulated by the United Arab Emirates Capital Market Authority (CMA) under a Category 1 License”. The CMA is Kuwait’s regulator, not the UAE’s. The licence number 20200000158 belongs to the SCA. Both statements cannot be correct, and the footer is wrong. I treat the SCA reference as the accurate one, but the contradiction is a sloppy disclosure that would make me double-check every other claim.

I could not verify whether NCM Financials holds a custody permission. The register shows no custody permission, and the parsing of the 44 page Terms of Business PDF timed out after page six. The table of contents lists a section called “Client’s money”, but I was unable to read it. Before opening a live account, I would want to see exactly how client funds are held and whether they are segregated.

The broker openly serves UAE retail clients. The homepage reads “NCM UAE Your Trusted Online Trading Platform in Dubai”, and the contracting entity is the CMA licensee itself, not an offshore substitute. That keeps the relationship simple.

What trading with NCM Financials costs

NCM Financials does not publish a EUR/USD spread. It does not publish a single spread, commission, or swap figure for any instrument, and I could not find a single named account type on the site. The /products page lists asset classes in prose (Currencies, Bullion, Oil & Gas, Agriculture, Indices, Equities, Cryptocurrency) but attaches no numbers to any of them. There is no pricing page, no fee schedule, and no account comparison table.

This is not a gap in my research. It is the broker’s disclosure, or rather the absence of one. In my experience, a broker that asks you to open an account without showing you a single cost is asking you to trade blind. I would not fund an account here without testing a demo first and extracting written confirmation of the spread and commission model.

Platforms and execution

NCM Financials offers MetaTrader 5. The entirety of its platform claim is a single sentence on the /products page: “NCM’s multi-asset MT5 online trading platform provides clients trusted and intuitive access to global financial markets and products via a single secure trading platform and its accompanying applications.” The broker does not publish a platform list, so I cannot confirm whether MT4, cTrader, or TradingView are available. They have not been disclosed, and I will not guess. A demo account is available through a site wide “Open Demo Account” button, which at least lets you test the MT5 environment.

The site makes no mention of VPS hosting, API access, or expert advisors. For a trader who depends on automated strategies or a specific third party platform, this lack of detail is a dead end. You would need to contact the broker directly and get a written answer.

Funding and withdrawals

NCM Financials publishes nothing about deposits or withdrawals. The homepage carries a “Trusted Payment Options” heading above a logo strip that shows Visa, Mastercard, and other marks, but there is no accompanying text, no currency list, no processing times, and no fee information. The Terms of Business PDF contains no deposit, withdrawal, or currency terms either.

I cannot tell you whether you can open an AED denominated account, whether local bank transfers are accepted, how long a withdrawal takes, or what documents you need. In my experience, a broker that does not publish funding terms before you sign up is one to approach with caution. I would want written confirmation of every cost and timeline before sending any money.

Which entity you contract with

When you open an account with NCM Financials in the UAE, you contract with NCM FINANCIAL SERVICES L.L.C, the same entity that holds the licence. The website footer and the Terms of Business both state: “NCM Financial Services L.L.C. is regulated by the United Arab Emirates Capital Market Authority (CMA) under a Category 1 License with license No. 20200000158.” I have already noted the regulator name is wrong in the footer, but the entity itself is consistent. The registered office is Office No. 3009, Al Mazaya Shopping Centre, Sheikh Zayed Road, Dubai.

The same footer discloses three sibling companies. None of them is offered as your counterparty. They are NCM Investment Company K.S.C.C (regulated by the Kuwait Capital Markets Authority under licence AP/2019/0003 and AP/2017/0009), NCM Investment Menkul Degerler A.S. (regulated by the Capital Markets Board of Turkey under licence 022), and Noor Capital Markets for International Markets and Financial Brokerage (W.L.L) (regulated by the Jordan Securities Commission with JSC letter reference 18/1533/1/3). The structure is clean: no offshore shell, no substitute entity.

One collision deserves attention. The Jordanian sibling carries the name “Noor Capital Markets”. That firm belongs to the NCM group and has nothing to do with the separate UAE broker Noor Capital that I have reviewed elsewhere. If you encounter “Noor Capital Markets” in group materials, it refers to the Jordanian entity, not the unrelated UAE firm.

Customer service and education

NCM Financials publishes a UAE phone number (+ 971 45952888), a fax number, and three email addresses: [email protected], [email protected], and [email protected]. The contact page also provides a callback form. There is no live chat, and I could not find any published support hours. The physical office address is Office No. 3009, Al Mazaya Shopping Centre, Sheikh Zayed Road, Dubai. The site is available in Arabic via a toggle, which is a practical touch for local traders. Phone numbers for the Kuwait and Jordan group entities also appear on the contact page, but those are for clients of those jurisdictions, not for UAE account holders.

Education is absent. The navigation menus point to Market Watch, Market News, an Economic Calendar, and Announcements. These are market commentary and analysis tools, not structured learning. There are no courses, no webinars, no trading guides, and no glossary. The Arabic version of the site mirrors the English content without adding any educational material. I also looked for UAE based events. NCM Financials sponsored Forex Expo Dubai according to its Instagram account, but the website itself carries no mention of seminars or in person training. If education matters to you, you will need to source it elsewhere.