Nour Trade promises to help its users achieve a high level of financial experience and make deals with confidence. It is claimed that the broker has been operating since 1996, however, the project’s website was founded only in May 2023. It is reported that the company was registered in Kuwait and is regulated in this state. How do you think, if it is a good idea to trade here or would it be better to choose another broker?
Trading Conditions
Nour Trade offers two types of accounts: real and demo. To work with real money, you need to deposit at least $500. There are three account types: Basic, Standard, and Premium. Users can work on a proprietary platform with over 200 CFDs on the following instruments:
- Forex.
- Indices.
- Cryptocurrencies.
- Stocks.
- Equities.
- Commodities.
Leverage can reach up to 1:900, there is negative balance protection, education, and daily analytics. Customer support is available 24/5. Premium users have access to weekend support and account manager services. Deposits can be made via bank account, credit card, and Skrill. Trading is available from a computer or mobile phone.
I don't believe they're registered or licensed. They could be lying about that too. Also, the names of the trading accounts are different on the homepage and in the FAQ section. Maybe they just copied the info from another broker and didn't notice. Either way, it's not a good look…
Therefore, I strongly recommend working only with companies that have a good reputation, are licensed by a reliable regulator, and are known among traders. It will help you to save your funds.
When I looked at their website, I immediately told him to stay away from these scammers. They claim to be registered in Kuwait, but they don't provide any proof. They say they've been around for a while, but their domain was only registered this year. It's no surprise that they scammed him.