Trading CFDs and forex carries a high level of risk and may not be suitable for all investors. Read the broker’s own client agreement, and confirm the licensed entity you are contracting with, before opening an account.
Our verdict on Noor Capital
NOOR CAPITAL PJSC is listed by the CMA (formerly SCA) under reference CP-0000147. The permission tier is dealing in investments. That tier permits the UAE entity to be the counterparty to a client trade. The CMA retail maximum for major forex pairs is 500:1, and no maximum has been ruled for other asset classes. Noor Capital publishes its own leverage maximums, including 1000:1 on major currency pairs.
The captured cost material is thin. Noor Capital does not state an account tier, EUR/USD spread, commission per lot per side, minimum deposit amount, or account currency. MetaTrader 4, MetaTrader 5, and the GTN proprietary platform are confirmed. Funding supports published AED conversion rates but no AED-denominated account exists. The local bank table names Commercial Bank of Dubai, SWIFT CBDUAEAD.
Noor Capital documents a swap-free facility on request. The governing terms use no Shari'ah language and name no shariah board. Marketing advertises a swap-free account with no hidden fees, while the terms contain contradictory fee clauses. The licensed entity on the register is NOOR CAPITAL PJSC, but the site calls itself Noor Capital PSC. The exact entity a UAE resident contracts with is unverified.
Pros
- The CMA register lists NOOR CAPITAL PJSC under reference CP-0000147 with a dealing in investments permission.
- Noor Capital publishes a full bank account table with no login required.
- MetaTrader 4, MetaTrader 5 and the GTN proprietary platform are confirmed for UAE clients.
- The published AED conversion rates are 3.80 for card deposits, 3.675 for wire deposits and 3.670 for wire withdrawals from USD to AED.
Cons
- Cost fields such as account type, EUR/USD spread, commission per lot per side and minimum deposit are not stated.
- No AED-denominated account currency exists, so AED deposits are converted at the published rates.
- Swap-free marketing conflicts with the governing terms and the facility is not Shari'ah-certified.
- The exact entity a UAE resident contracts with is unverified.
Noor Capital score breakdown
3/5 · Good
The overall CFB Score comes from the full methodology, more than 100 data points per broker. The category ratings summarise each area and do not reconcile by simple average.
How is our rating calculated?
Is Noor Capital regulated in the UAE
I can confirm that Noor Capital is regulated in the UAE by the CMA (formerly SCA). The CMA register lists the licensed legal entity as NOOR CAPITAL PJSC, reference CP-0000147. The licence tier is dealing in investments, which permits the UAE entity to be the counterparty to your trade. Our capture found no stated custody model or named custodian.
The CMA register records NOOR CAPITAL PJSC as the licensed onshore entity, and the brand name is Noor Capital. The dealing permission is the only tier our capture recorded. No separate retail or professional tier is stated. The CMA is the regulator formerly known as the SCA, and no other regulator is stated for the UAE entity. I’ll cover the costs Noor Capital publishes next.
What other review sites say
Noor Capital holds a Trustpilot rating of 2.3 out of 5 from 18 reviews, which Trustpilot labels poor, captured August 2026.

Noor Capital's iOS app rates 4.57 out of 5 from 14 ratings on the UAE App Store (August 2026), listed as Noor Capital (GTN).
Android users rate Noor Capital's Android app 4.1 out of 5 from 24 reviews worldwide on Google Play (August 2026), listed as Noor Capital Global Trading.
What trading with Noor Capital costs
Noor Capital has not published a differentiated account structure. In the material we captured, there is no stated account type, EUR/USD spread, commission per lot per side, minimum deposit amount, or account currency. I note that the cost fields are not stated rather than zero, so you cannot compare costs directly. No account tier is named because the source shows a single undifferentiated account structure and no published tiers.
The broker-published cost material does not state a typical spread or an advertised spread basis, so I could not compute a round-turn cost. No currency conversion was performed. I cannot name an account type beside any figure because no figure was captured. You will not find a cost figure to anchor your decision on. The leverage limits are covered next.
Leverage limits that apply to Noor Capital
No separate regulatory leverage cap applies to Noor Capital beyond the CMA’s retail maximum. NOOR CAPITAL PJSC is licensed onshore by the CMA (formerly SCA), which has a retail maximum of 500:1 for major forex pairs. Our analyst, our team, ran a full-text search of 62 CMA regulations on 2026-08-21 and found zero occurrences of the word leverage in English and zero occurrences of the Arabic term in Section 3.
You might have seen a 50:1 ladder attributed to the SCA on some aggregator sites. That is actually the United States NFA and CFTC retail forex structure. It appears on NFA reference pages and was copied onto the UAE without a CMA article or decision number. The 30:1 figure on major pairs belongs to the DFSA and the FSRA, which are separate free-zone regulators.
Noor Capital publishes its own maximum leverage figures, captured 2026-08-21. Our capture shows these numbers: major currency pairs are 1000:1, minor currency pairs 500:1, gold 400:1, major indices 200:1, and other commodities 100:1. Minor indices and single shares are not stated. These are broker-published figures, not rulebook maximums. The broker publishes 1000:1 on major forex pairs, which is above the 500:1 CMA retail maximum for retail clients. You should confirm which legal entity and client classification that figure applies to before relying on it. The platforms where you can apply these published figures are covered next.
| Instrument class | CMA retail maximum | Noor Capital published maximum |
|---|---|---|
| Major currency pairs | 500:1 | 1000:1 |
| Minor currency pairs | not ruled | 500:1 |
| Gold | not ruled | 400:1 |
| Major indices | not ruled | 200:1 |
| Minor indices | not ruled | not captured |
| Other commodities | not ruled | 100:1 |
| Single shares | not ruled | not captured |
Rulebook maximum versus Noor Capital published maximum, by instrument class
Platforms and execution
You can use MetaTrader 4, MetaTrader 5, and the GTN proprietary platform named Noor Capital Stocks Trading Platform. I could not confirm cTrader or TradingView. The mobile apps are the generic MetaTrader 4 and MetaTrader 5 apps pre-linked to the Noor Capital server. The GTN app name is not stated.
The broker-published execution model states Instant execution through tier-1 interbank liquidity, but the Trading Condition page states that orders and positions are based on Noor Capital prices and not on an exchange. Those two statements conflict. In my view, the register’s dealing tier is consistent with the second statement.
Noor Capital publishes 60-plus FX pairs and four crypto instruments: BTCUSD, ETHUSD, LTCUSD and XRPUSD. Index, commodity and share totals are not stated because the spec tables are paginated, so you’ll need to page through them. Expert advisors are supported on MetaTrader. A demo is offered with a 10,000 US dollar virtual balance, but the demo duration is not stated. Funding and withdrawals are covered next.
Funding and withdrawals
Noor Capital publishes its bank account table with no login required, which I find helpful. The published account currencies are BHD, USD, GBP and EUR. No AED-denominated account exists, but you can deposit AED because the site publishes AED conversion rates. The local table names Commercial Bank of Dubai, SWIFT CBDUAEAD, for BHD, USD, GBP and EUR.
Card deposits are explicit and own-name personal cards only, with third-party and business cards prohibited. Card scheme names are not stated. Wire processing is stated as 1-3 business days for national and international bank transfers. You can withdraw via credit card withdrawal through the MyNoor portal or by wire transfer. The table lists correspondent banks: Ahli United Bank for BHD and J.P. Morgan for USD.
The published AED conversion rates are 3.80 for card deposits, 3.675 for wire deposits, and 3.670 for wire withdrawals from USD to AED. These are FX conversion rates, not a stated percentage fee. If you’re funding in AED, these rates affect your cost. I could not find minimum withdrawal amounts or withdrawal fees. Same-method return policy and Emirates ID acceptance are not stated. The Islamic and swap-free position is covered next.
Islamic and swap-free accounts
Noor Capital offers a swap-free facility on request. Our review of the terms found no Shari’ah language and no named shariah board. The facility is a fee mechanic, not a Shari’ah-certified account. You must request it for religious reasons at Noor Capital’s sole discretion, and Noor Capital may retroactively cancel the facility if it judges your objection invalid.
The terms document carries an internal footer date of 2022-12-03, while the filename says 2024-10-16. I’d call that a discrepancy you should note. The free period is 20 days for currency-pair CFDs only. The replacement fee amount and currency are not stated. The fee unit is per day, per open overnight CFD position.
A second clause in the same agreement states Noor Capital does not charge swaps or interest on all trading accounts, but administrative fees apply daily to all overnight-held CFD positions, with no free period. So if you hold a position overnight, you’ll pay an administrative fee. I could not find a fee schedule anywhere on the site. The trading conditions page discloses a daily storage fee and limits swap-free to nine named instruments.
Marketing on the forex trading product page advertises a swap-free account with no hidden fees. The nine named swap-free instruments include NZD/USD and XAU/USD, both excluded by Article 7 of the terms. A separate Seychelles entity, Noor Capital Limited, markets swap-free with no time limit and is excluded from this review. These contradictions are documented, not resolved. You should read the terms carefully before relying on the marketing. The contracting entity question is covered next.
Which entity you contract with
Noor Capital’s licensed UAE legal entity is NOOR CAPITAL PJSC. The site calls itself Noor Capital PSC, which is a mismatch I want to flag. The client agreement cover states Trade License CN-1003525. The regulator is still branded SCA on-site rather than CMA. When you open an account, you need to know exactly which entity you’re dealing with.
The exact entity you contract with is unverified. The signup flow routes to the external mynoor.noorcap.ae portal, which our team did not fetch. The entity-name mismatch between the register and the site is flagged for verification. I draw no conclusion from that mismatch. The single unverified item is restated in the next section.
What this review has not established
This review has not established the exact entity you contract with. The CMA register lists NOOR CAPITAL PJSC under reference CP-0000147. Noor Capital’s CMA registration identifies the licensed entity as NOOR CAPITAL PJSC. Noor Capital’s trade license CN-1003525 is also listed on the CMA public register. Our team fully fetched and inspected Noor Capital’s main website noorcap.ae. Until the portal is checked, you cannot confirm the contracting entity.
No account-opening document was captured in this review to confirm the contracting legal entity. The entity-name mismatch between the CMA register and the site is flagged as unverified. I draw no conclusion from the mismatch because the portal was not fetched. For you, that means you should verify the entity yourself before funding an account. This single item is the closing gap for the review.
FAQs
Is Noor Capital regulated in the UAE?
Does Noor Capital have a UAE leverage cap?
Does Noor Capital offer an AED account currency?
Does Noor Capital offer MetaTrader 5?
Is Noor Capital's swap-free account Shari'ah certified?
About the author
Justin Grossbard co-founded CompareForexBrokers in 2014 and serves as Co-Founder and CEO. He has traded forex since 1998. For this site he directs the research and comparison of UAE-licensed brokers. He holds Monash University degrees including a Bachelor of Commerce with Honours and a Master of Marketing. His commentary has appeared in Forbes, Kiplinger, Finance Magnates and Entrepreneur.

