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NCE

Australia|2-5 years|
Regulated in Seychelles|Retail Forex License|MT4/5 full license|Chinese market only|United States Common Financial Service License Unauthorized|Suspicious Overrun|Medium potential risk|Offshore Regulatory|

https://www.ncemarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

7
Server Name
AustralianCoinExch-Demo MT4
Server Location Hong Kong

Contact

support@ncemarkets.com
https://www.ncemarkets.com

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Australian National Coin Exchange PTY LTD

Company Abbreviation

NCE

Platform registered country and region

Australia

Company employee

1

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2024-03-28
  • United StatesNFA (license number: 0528815) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0528815)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

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Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • Hongkong
  • 801***
  • GBPUSD
  • 07-31 05:00:32
  • Taipei
  • 848***
  • GBPUSD
  • 07-31 05:45:13
  • Tokyo
  • 924***
  • GBPUSD
  • 07-31 03:27:34

Stop Out

1.03%

Stop Out Symbol Distribution

6 months

NCE · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

NCE Review Summary in 10 Points
Founded 2018
Registered Country/Region Australia
Regulation ASIC
Market Instruments Forex, precious metals, crude oil, cryptocurrencies, indices, shares
Demo Account Available
Leverage Maximum up to 1:1000
EUR/USD Spread Start from 1.6 pips
Trading Platforms MT4
Minimum Deposit USD 200
Customer Support Email, Phone, Live chat, Online message

What is NCE?

Abbreviation for Australian National Coin Exchange Pty Ltd, NCE is a company based in Australia that specializes in dealing with forex, precious metals, crude oil, cryptocurrencies, indices and shares.

NCE

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
•Wide range of trading instruments across multiple asset classes • Limited info on deposit/withdrawal
• Multiple account types • Limited trading tools and educational resources
• MetaTrader 4 (MT4) platform support • Reports of unable to withdraw
• Low handling fee

NCE Alternative Brokers

There are many alternative brokers to NCE depending on the specific needs and preferences of the trader. Some popular options include:

  • eToro - offers a user-friendly interface and a wide range of trading instruments, a good choice for beginners and those interested in social trading.

  • Interactive Brokers - With its advanced trading tools, competitive pricing, and extensive range of global markets, Interactive Brokers is recommended for experienced traders who require a robust and customizable trading platform.

  • TD Ameritrade - Known for its comprehensive research offerings, educational resources, and a user-friendly trading platform, TD Ameritrade is a solid choice for investors seeking a combination of investment guidance and self-directed trading options.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is NCE Safe or Scam?

Based on the information available, NCE has years of experience in the industry, which may indicate a level of stability and knowledge. It is authorized and regulated by the Australian Securities and Investment Commission ( ASIC ) , supervised by Financial Services Authority (FSA) offshore and NFA regulation unauthorized, which makes it appears to be a reliable and reputable online broker. But it is important to note that experience alone does not guarantee the legitimacy or security of a brokerage firm. Exposure of withdrawal is red flag that should not be ignored.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

Users of NCEhave access to a wide variety of market instruments. This includes Forex, precious metals, crude oil, cryptocurrencies, indices and shares. Forex traders can access 16 currency pairs, including major, minor, and exotic pairs. Major currency pairs like EUR/USD, GBP/USD, or USD/CAD, as well as minor and exotic currency pairs, are all available for trading.

Clients of NCE also have the opportunity to trade precious metals which are a group of rare and valuable metals that have significant economic and industrial importance. These metals are known for their inherent rarity, beauty, and resistance to corrosion.

NCE also offers crude oil trading, which is a raw material and a key energy source, and its price fluctuates based on supply and demand dynamics, geopolitical factors, and other market influences.

Moreover, NCE allows clients to trade cryptocurrencies, which is a digital or virtual currencies that use cryptography for secure transactions and control the creation of new units

Furthermore, indices are also available in NCE platforms. It represents a statistical measure of the performance of a specific group of assets, such as stocks, bonds, or commodities. It serves as a benchmark or reference point for tracking the overall performance of a particular market or sector.

Finally, clients can choose to participate in shares contracts. Shares, also known as stocks or equities, represent ownership in a company. When an individual purchases shares of a company, they become a shareholder and have a claim on a portion of the company's assets, earnings, and voting rights.

Market Instruments

Accounts

Demo Account: NCE provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: NCE offers a total of 2 account types: Standard Account and Raw Spread Account. The minimum deposit to open an account is $200. The threshold to open an account at NCE is quite low. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Accounts

Leverage

When it comes to leverage, NCE enables its clients to use the maximum trading leverage up to 1:1000, which is greater than the levels regarded appropriate by any regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Spreads & Commissions

Spreads and commissions are actually determined by account types. For instance, on the Standard account, the average spread on the EUR/USD pair starts at 1.6 pips, with no commission charged. The Raw Spread account offers ultra-low raw spreads, accompanied by a commission from $3.8 per lot.

Standard Account
Raw Spread Account

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
Pacific Broker Variable Not specified
eToro 1.0 No commission (Spread-only)
Interactive Brokers 0.2 Variable (depending on account)
TD Ameritrade 1.3 Variable (depending on account)

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

NCE provides traders with the popular MetaTrader 4 (MT4) trading platform which is available on for Windows, Mac, iOS, Android and Linux devices. MT4 is a popular and widely recognized trading platform known for its user-friendly interface and robust features. It provides traders with access to a range of financial instruments, including Forex, indices, commodities, and more. MT4 offers advanced charting capabilities, technical analysis tools, customizable indicators, and the ability to automate trading strategies using Expert Advisors (EAs). Traders can also execute trades, manage orders, and monitor market conditions in real-time using MT4.

While MT4 is a powerful and versatile trading platform, it's important to note that NCE may offer additional platforms or have customized features specific to their clients. It's advisable to consult with NCE directly or refer to their official documentation for comprehensive and accurate information regarding their trading platforms.

Trading Platforms

Overall, NCE's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
NCE MT4
eToro eToro Platform
Interactive Brokers Trader Workstation, WebTrader, Mobile Apps
TD Ameritrade thinkorswim, Web Platform, Mobile Apps

Trading Tools

NCE provides a range of trading tools to help its clients in their trading activities.

The VPS service allows you to run Expert Advisors or automatic algorithm strategies on a remote server 24 hours a day. It is independent of your local computer and network, so it doesn't matter if you're not there.

The economic calendar allows traders to keep track of important upcoming events that can affect the markets.

The EA (Expert Advisors) set and develop trading strategies for computers to automatically execute trading orders. It is one of the most powerful functions of MetaTrader4.

Trading Tools

Deposits & Withdrawals

NCE accepts deposits and withdrawals via USDT and local bank transfer. The broker does not charge any fees for deposits or withdrawals below 20,000 USD. For those above 20,000 USD, a very small handling fee will be charged via the secure ERC-20 chain.

Deposit

Deposits

Withdrawal

Withdrawals

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

    NCE (Australian National Coin Exchange) provides multiple customer service options to assist its clients. Customers can reach out to NCE through various channels to address their queries and concerns as below:

    • Phone: +852 56100908

    • Customer support email: support@ncefx.com

Beside of this, NCE also provides online messaging service which enables customers to send messages through their online platform and real-time live chat support during specific hours, from 07:30 am to 01:30 am.

Overall, NCE's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros Cons
• Direct Contact • No 24/7 customer support
• Accessibility • Quality and Expertise
• Personalized Support
• Multi-channel support

Note: These pros and cons are subjective and may vary depending on the individual's experience with NCE's customer service.

Conclusion

According to available information, NCE is a regulated Australia-based brokerage firm. While the firm has significant experience in the industry and offers a range of market instruments such as Forex, precious metals, crude oil, cryptocurrencies, indices, shares, it is important to consider certain factors such as reports of unable to withdraw that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Pacific Brokers before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is NCE regulated?
A 1: Yes. It is regulated by Australian Securities and Investment Commission (ASIC).
Q 2: At NCE, are there any regional restrictions for traders?
A 2: Yes. NCE does not provide services to citizens of Iran, North Korea, Syria, Sudan, Gambia, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, the United States, Japan, and Hong Kong.
Q 3: Does NCE offer demo accounts?
A 3: Yes.
Q 4: Does NCE offer the industry leading MT4 & MT5?
A 4: Yes. It offers MT4 on Windows, Mac, iOS, Android and Linux devices.
Q 5: What is the minimum deposit for NCE?
A 5: The minimum initial deposit to open an account is $200.
Q 6: Is NCE a good broker for beginners?
A 6: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

News

NCE would like to extend its best wishes for the successful completion of the competition.

NewsNCE would like to extend its best wishes for the successful completion of the competition.

2024-01-23 14:47

As a sponsor of this competition, NCE would like to extend its best wishes for the successful completion of the competition, and also hope that everyone gains valuable insights in the field of investment through this event.

WikiFX
2024-01-23 14:47
News
NCE would like to extend its best wishes for the successful completion of the competition.

User Reviews

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3

Comments

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jh97228
more than one year
I placed 2 positions on the MT5 NCE standard account. Both positions were profitable and both positions were eliminated or closed at noon. I checked the spread, but the positions were closed without reason. I have screenshot evidence and all the evidence I collected in the process of resolving this issue with NCE. Now these two positions are both profitable, but they have had a negative impact on my account. I can only honestly say that NCE is benefiting from customer losses.
2024-03-20 18:36
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0
0
FX1962316962
more than one year
Rubbish platform, no principal is given, please do not trade on this platform!
2022-12-17 22:52
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0
1
Watcharathat Thongkhao
more than one year
Originally, I decided to trade with this company NCE, but after seeing some negative reviews on wikifx, I thought it would be safer not to trade here.
2022-12-12 10:35
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