What is NCE?
NCE is a forex and CFD broker based in Australia, listed with a foundation year of 2017. It offers leverage up to 1:2, spreads from 0.0 pips and a minimum deposit of $18. Clients trade on MetaTrader4 for Android, iOS, Linux, Windows, and MAC and on mobile.
NCE is an online trading broker that trades for Forex, Metals, Crude Oil, Indices, Cryptocurrencies, and Shares. This broker is based on the MetaTrader4 platform. This broker has trading software for Windows, MAC, iOS, Android, and Linux.
This broker has a live account and a Demo account. New traders can learn trading by trading on a Demo account which is risk-free and does not need any funding.
There are two types of live accounts provided by this broker. Zero Spread account, and Raw Spread account. Both of these accounts require a different level of minimum deposit. The account currency is USD on both accounts. The maximum leverage this broker provides is 1:1000 and the margin call is 150%. There is no swap-free Islamic account available on any of these accounts. The server time of this broker is Athens time. The Zero Spread account requires a minimum deposit of $200 and the Raw Spread Account starts only with $18. The commission in the Zero spread account is $6.8 per lot and $3.8 per lot in Raw Spread Account.
NCE is very conscious about the clients’ funds' safety. This broker is always sensitive about the safety of funds. They are also very conscious about the fast processing of every deposit and withdrawal any client or trader will make. One of their mottoes is one low, two fast. This represents the low cost and fast execution along with fast deposit/withdrawal by this broker. Their fastest execution is a minimum of 15 ms. NCE requires a minimum of 1 minute to approve of verifying a deposit or withdrawal.
Is NCE safe and regulated?
NCE is regulated by NCE is regulated in Australia. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
NCE account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $18 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
NCE provides MetaTrader4 for Android, iOS, Linux, Windows, and MAC, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:2 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
NCE supports 2 funding methods, including Alipay, Bank Transfer. Accounts can be held in 4 base currencies (USD, EUR, GBP, AUD), which helps you avoid conversion fees.
NCE bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current NCE promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the NCE website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
NCE pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- No Islamic account listed
How to open a NCE account
- RegisterVisit the NCE website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $18 with Alipay, Bank Transfer.
- Start tradingLog in to MetaTrader4 for Android, iOS, Linux, Windows, and MAC or the mobile app and set your risk per trade.
Is NCE a good broker? Our verdict
NCE suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.