Please find here the warnings for possible risks and terms of business that you need to know before opening an account with Noor Capital.
Foreign Exchange (Forex, FX) and Contracts for Difference (CFDs) on Currencies, Commodities, Indices or Equities) are all margin traded products and therefore they inherently carry a high level of risk that may not be suitable for all investors. Before deciding to trade FX/CFDs instruments offered by Noor Capital PSC, you should carefully consider your objectives, financial situation, needs and level of experience.
Trading on Margin carries a high level of risk to your capital, and you can lose more than your initial deposit. Please read the entire risk warning before opening an account with Noor Capital. Margined trades are trades based on the price movement of an underlying financial product. They settle based on the respective difference between the opening price and closing price of the trade.
Foreign Exchange (Forex, FX) and Contracts for Difference (CFDs) on Currencies, Commodities, Indices or Equities are all margin traded products and therefore they inherently carry a high level of risk that may not be suitable for all investors. Before deciding to trade FX/ CFDs instruments offered by Noor Capital PSC, you should carefully consider your objectives, financial situation, needs and level of experience. You should not trade any margined product unless you fully understand all the risks involved and you should have sufficient resources available to you in case there is an adverse movement in the price of a product, so you will be able to meet the financial obligations required by you with respect to margin payments and losses.
The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Noor Capital PSC recommends you seek advice from a separate financial advisor. Margin trading is based on leverage that allows you to place a large trade by only putting up a small amount of money as margin. If the price moves in your favor you can greatly increase your profits, however, even a small movement in price against you can lead to substantial losses and you may be required to deposit additional margin immediately to keep your positions open. You are liable for any losses that may occur if your positions are closed.
Not all trades can be opened or closed 24 hours a day. Many are subject to strict opening and closing times which can fluctuate, depending on the market. You can find these information on our Market Information Sheets (MIS) which are available online. Your orders/ positions are based on our prices and not those on an exchange. Depending on the market, our prices will usually be based on an exchange price but can fluctuate away from the underlying prices due to a variety of reasons.
There are risks associated with online trading systems including, but not limited to, software and hardware failure, and internet disconnection. Noor Capital does not control signal power, its reception or routing via internet, configuration of your equipment or reliability of its connection and cannot be responsible for communication failures, distortions or delays when trading via the internet.
The content of this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Noor Capital has taken reasonable measures to ensure the accuracy of the information on its website. However, we cannot guarantee its accuracy, and will not accept liability for any loss or damage that may arise directly or indirectly from the content or your inability to access the website.
You must not rely on any of the website contents and construe them as personal advice. Any opinions, news, research, analysis, prices, or other information contained on Noor Capital website is provided as general market commentary, and does not constitute any investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
The information we may collect include (but are not limited to) your name, mailing address, telephone number, e-mail address, and other information necessary to verify your identity, account and contact information. We only use the collected information to provide you with the services you request, identify you when you contact us, or from time to time, send you marketing material that may be useful to you.
As we follow strict security procedures in the storage and disclosure of information that you have given us, access to your information is restricted and protected with physical, electronic and procedural security safeguards to protect your information from loss, misuse, or unauthorized alterations. Such access is only given to our employees or agents who need to know such information to provide products or services to you.
We may disclose your personal information to our associated companies for business purposes, to successors in title to our business and to third party suppliers we engage (under contract) to process data on our behalf. All these parties are required to keep your personal information confidential. Your personal information may also be disclosed to applicable governmental, regulatory or enforcement authorities and only when requested for the purposes of investigating and acting on any breach of law or regulatory rules in accordance with their procedures.
We may also use Google Analytics Advertising Features which allows us to collect information on our website visitor demographics. You may opt out of this by contacting Google at any time.
Noor Capital PSC is a private joint stock company incorporated under the law of U.A.E with registered office address at 4th Floor, Dar Al Salaam Building, Corniche Road, P.O. Box 43671, Abu Dhabi. The company is registered with the Department of Economic Development of Abu Dhabi under the License No. 1003525. Noor Capital is authorized and regulated by the Central Bank of the United Arab Emirates under Registration No. 13/188/2011 to conduct Banking, Financial Investment and Consultancy as well as Financial and Monetary Intermediary Business.
Trading of any margined products such as FX, CFDs, Bullion and other OTC products carries a high level of risk and may not be suitable for all customers; it is possible to lose more than the initial margin deposit or credit allocation as well as any variation margin that is required to be deposited. Investors should ensure to fully understand the risks involved and seek independent advice, if necessary, prior to entering into such transactions.
All prices, analysis, news or other information contained on this noorcap.ae website are provided as general market commentary and do not constitute any investment advice, or a solicitation/ recommendation for customers to invest into financial products or instruments.
SWAP FREE ACCOUNTS
Noor Capital PSC DOES NOT charge any Swaps or Interest on ALL Trading Accounts. The no-charge is applicable on all Open Trades. However, a Management Fee shall be applied to positions held open overnight, and for all open Spot CFD positions, at the end of each business day, daily, throughout the transaction period. The Management Fee schedule is as follows:
1. FX CFDs - Type 1:
AUDJPY, EURCAD, EURHUF, NZDCAD, NZDUSD, USDCHF, USDDKK, USDSEK, AUDCAD, AUDUSD, CADCHF, EURCHF, EURGBP, EURUSD, GBPCAD, GBPJPY, GBPSGD, USDCZK, CHFJPY, EURCZK, EURDKK, EURSEK, GBPUSD, USDJPY, USDNOK, USDPLN, USDSGD, XAGUSD, XAUUSD, AUDNZD, CADJPY, EURJPY, USDHUF, USDCAD
Management Fee: $4.5 per Day / per Lot
2. FX CFDs - Type 2:
USDMXN, EURNZD, GBPNZD, EURAUD, GBPAUD, GBPCHF, NZDCHF, AUDCHF, EURNOK, EURSGD, NZDJPY
Management Fee: $9.5 per Day / per Lot
3. FX CFDs - Type 3:
USDTRY, USDZAR, EURMXN
Management Fee: $24 per Day / per Lot
* Above fees are subject to change without any prior notice.
** Noor Capital retains the discretionary rights to revert swap free accounts to regular trading accounts.
*** Lot is 100K standard contract.