NCE

The NCE broker is an ECN/STP brokerage registered in Seychelles, known for its $5 minimum deposit, leverage of up to 1:5000 and commission-free accounts on MetaTrader 5. The key point for Iranian readers is that Iran is on this broker's list of restricted countries. In this overview, we review NCE's license, accounts, platform, payment methods and risks based on Teagle's data.

What kind of broker is NCE?

NCE presents itself as an ECN/STP broker offering trading in more than 80 symbols across forex, metals, energy, indices, stocks and cryptocurrencies on the MT5 platform. The broker's founding year is not recorded in Teagle's data. Low spreads, fast execution, no commissions, segregated client accounts and 24/7 support are among the advantages the broker advertises. Scalping, hedging, news trading and the use of Expert Advisors are also listed among its features.

NCE broker licenses and credibility

According to Teagle's latest review, NCE holds one active license:

• Seychelles FSA: number SD112, status Active.

The Seychelles FSA license is an offshore, weak license; its strictness and investor protection mechanisms are not comparable to those of top-tier regulators such as the FCA or ASIC, and Teagle also counts the offshore regulation and license among this broker's drawbacks. If you are not familiar with the differences between these licenses, read the article What is an offshore and onshore broker and the guide Broker regulation tiers .

Does NCE serve Iranians?

No. After reviewing the broker's primary sources and checking with its support team, Teagle's experts have confirmed that Iran is on NCE's list of restricted countries and the broker does not officially serve Iranian users. Since identity verification (KYC) is mandatory to start live trading, trying to bypass the geographic restriction can lead to account suspension and loss of access to your funds. For this reason, Teagle does not consider NCE a suitable option for Iranians. You can find a more complete list of such brokers in the article Brokers banned for Iranians .

NCE trading accounts

NCE offers four accounts, all on MT5, commission-free, with leverage of up to 1:5000, a 150% margin call and a 50% stop-out, and all with a swap-free version:

• Mini account: $5 minimum deposit, floating spreads from zero and a minimum trade size of 0.01 lot; designed for starting with small capital.
• Classic account: $10 minimum deposit, floating spreads from zero and no trading volume requirements.
• Advanced and Royal accounts: raw (RAW) spreads from zero and no commission.

The minimum deposit for the Advanced and Royal accounts is recorded in Teagle's current data in a way that is not reliable; ask the broker for the exact amount before choosing these accounts. Leverage of 1:5000 is extremely risky and, combined with a 50% stop-out, can wipe out an account in a small market move. A demo account on MT5 is also available for getting familiar with the platform. To calculate leverage risk, read the guide Margin in forex .

NCE platforms and services

NCE's only platform is MetaTrader 5, available for Windows, Mac, WebTrader, Android and iOS; the absence of MT4 and cTrader is one of the limitations Teagle has pointed out. The broker's additional services include bonuses, rebates, copy trading and social trading, Expert Advisor support, a trading API, an IB program, an economic calendar and calculators. Regarding scalping, the broker warns that abuse of liquidity conditions or certain scalping strategies may be subject to additional controls, so scalpers should read the client agreement carefully. Review tips for this style in the article Scalping in forex .

Deposits and withdrawals at NCE

Two groups of payment methods are recorded in Teagle's table:

• USDT and USDC cryptocurrencies: minimum deposit and withdrawal of $10, no fees, instant deposits and withdrawals in about 10 minutes on average.
• UnionPay, Alipay and WeChat: minimum deposit of 750 yuan and minimum withdrawal of 100 yuan, no fees and withdrawals in about 15 minutes on average.

According to the broker's policy, withdrawals are normally processed without requiring staged withdrawals, but if a large withdrawal brings the margin level below 50%, open trades will be stopped out.

NCE's rating and risk on Teagle

NCE's final rating on Teagle is 2.4 out of 5, derived from two sources: Trustpilot 3.1 and WikiFX 1.7. No user has reviewed it on Teagle yet. The Teagle Eye risk score for this broker is 66 out of 100, in the "High risk" category; the offshore license, low reputation scores and the unrecorded founding year are the main factors behind this figure. You can also follow this broker in Teagle's list of high-risk brokers .

Pros and cons of the NCE broker

• Pro: very low spreads and no trading commissions
• Pro: $5 minimum deposit for the Mini account
• Pro: segregated client accounts and fast crypto withdrawals
• Con: services prohibited for residents of Iran
• Con: offshore Seychelles license and very high-risk leverage
• Con: platform limited to MT5 and mandatory identity verification

Who is NCE suitable for?

NCE is built for traders who prioritize low spreads, fast execution and starting with small capital, but it is not suitable for Iranian traders or residents of other restricted countries. If you need a top-tier regulator or platforms such as MT4 and cTrader, you should also look for another option. For a low-cost option that accepts Iranians, weigh it up in the NCE vs XChief comparison .

Conclusion

The NCE broker offers attractive conditions in terms of trading costs and minimum deposit, but the ban on Iran, the offshore license and the risk of account suspension make these advantages worthless for Iranian users. Teagle's recommendation is to avoid signing up by bypassing restrictions, choose a broker that officially accepts Iranians, start with small capital and check the latest warnings on the investment risk warning page .