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Noor Capital Review: Is This Forex Broker a Scam?

Is Noor Capital Legit or Scam?

Noor Capital is a complex case. While they hold a license in the United Arab Emirates (UAE), a reputable jurisdiction with strict capital requirements, there are concerning aspects to consider before diving in. This review will dissect Noor Capital’s offerings, regulations, and potential red flags to help you make an informed decision.

Company Overview



Registered Country/Area

Abu Dhabi, United Arab Emirates (UAE)

Founded year


Company Name

Noor Capital P.S.C.


Not Regulated

Minimum Deposit

Not specified

Maximum Leverage

Up to 1:100


From 0.0 pips

Trading Platforms

MetaTrader4 Mobile (Android, iPhone), MetaTrader4 Desktop, MetaTrader4 Mac, GTN Mobile and GTN WebTrader

Tradable assets

Forex, precious metals, energies, indices, shares CFDs, bullion and cash equities

Account Types

Demo Account/ Real Account/Islamic Account

Demo Account


Islamic Account


Customer Support

24/6 multilingual support via phone, email, live chat, and social media

Deposit Methods

Bank Transfers, Credit Card payments, e-wallet payments in USD or AED

Withdrawal Methods

Bank Transfers, Credit Card payments, e-wallet payments in USD or AED

Educational Tools

Economic Calendar and Trading Signals provided by the broker

Services or Products

Noor Capital offers a variety of financial services, but this review focuses on their online forex and CFD trading. They boast a comprehensive selection of instruments, including:

  • 46+ currency pairs (including exotics and minors)
  • CFDs on precious metals, oil, natural gas, indices, stocks, and even cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple)

If you have lost money to companies like TudoFX, or Eostrader; please report it to us on our Report a Scam form.

Trading Platform & Leverages

Noor Capital utilizes the industry-standard MetaTrader4 (MT4) platform, known for its reliability, functionality, and advanced charting tools. However, a significant selling point for them is the high leverage of up to 1:500.

Spreads and Cost of Trading

Unfortunately, transparency is lacking regarding spreads. The review mentions benchmark EURUSD spreads hovering around 2-2.1 pips, which is considered high compared to the ideal below 1.5 pips for standard accounts with no commissions.

License and Regulations

Legal Warning Against Noor Capital?

The provided information assures that Noor Capital is licensed by the Central Bank of the UAE. However, it’s crucial to note the absence of any warnings against them from the regulatory body.

Deposit and Withdrawal Methods

Another concerning aspect is the lack of information about deposit and withdrawal methods. Common options include credit/debit cards, bank wires, and e-wallets (Neteller, Skrill, PayPal). Some brokers even accept cryptocurrencies.

Noor Capital Pros and Cons



UAE License (indicates some level of legitimacy)

High Spreads

MT4 Platform

Unclear Minimum Deposit

Leverage up to 1:500 (for experienced traders only)

Unknown Payment Methods

Wide Range of Instruments

Lack of Transparency

Why Dealing With An Unlicensed Broker Is Risky

While Noor Capital holds a UAE license, it’s essential to understand the limitations. Regulations in the UAE differ from stricter jurisdictions like the European Union (EU) or the United Kingdom (UK). Here’s why dealing with an unlicensed broker can be risky:

  • Limited Client Protection: Regulatory bodies in the EU and UK mandate client compensation schemes, offering a safety net for lost funds in case the broker goes bankrupt.
  • Potential for Fraud: Unlicensed brokers operate outside the watchful eye of regulatory bodies, increasing the risk of fraudulent activities.
  • Limited Dispute Resolution: Resolving disputes with an unlicensed broker can be a complex and lengthy process.

Client Feedback

Since the review mentions a demo account experience, it’s advisable to search for additional client feedback on reputable Forex broker review websites. This can provide valuable insights into real-world experiences with Noor Capital.

How Can “Reviewsadvice” Help You If You Get Scammed?

Unfortunately, recovering funds lost to a scam broker can be challenging. However, “Reviewsadvice” can help by:

  • Educating you about red flags to identify potential scams before you invest.
  • Providing resources and guidance on how to report a scam broker to the relevant authorities.
  • Offering tips on how to protect yourself from future scams or you Can report to us today by the below form.

File A Complaint Against Scammers

Final Thought

Noor Capital presents a mixed picture. While the UAE license offers some reassurance, the lack of transparency regarding minimum deposits, payment methods, and spreads raises concerns. For those seeking a safe and secure trading environment, especially beginners, a broker regulated in a stricter jurisdiction like the EU or UK might be a better choice. Conduct thorough research, including client feedback, before making a decision. Remember, if something seems too good to be true, it probably is.

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William Pewitt

William Pewitt is an experienced forex broker reviewer, dedicated to helping traders navigate the complex world of currency exchange. With a sharp eye for detail and years of experience, I try to provide concise and insightful assessments of various forex brokers. My reviews offer valuable guidance, helping traders make informed decisions about their investments.

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