Noor Al Mal
Pros and Cons
Pros
- Regulated by Jordan Securities Commission
- Diverse trading instruments including Forex, commodities, and cryptocurrencies
- Trading platform: MetaTrader 5 with market execution
- Multiple account types catering to different trader profiles
- 24/5 customer support available in English and Arabic
Cons
- Unverified regulatory status raises trust concerns
- Limited trading instruments, lacking stocks and extensive cryptocurrencies
- Platform glitches reported by users
- Website interface could be confusing for new traders
- No support for popular MetaTrader 4 platform
Basic Information
User Reviews
Noor Al Mal Overview
Noor Al Mal, officially known as Noor Capital Markets for International Markets and Financial Brokerage (W.L.L), has been a prominent player in the forex brokerage industry since its establishment in 2009. Based in Jordan, Noor Al Mal is regulated by the Jordan Securities Commission, ensuring a level of oversight that fosters trust and security for its clients. With a solid foundation and years of operation between 5 to 10 years, the broker has built a reputation for providing reliable trading services in a competitive market.
Is Noor Al Mal Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Jordan Securities Commission | Jordan | Regulated environment |
Is Noor Al Mal Regulated and How Are Client Funds Protected?
Noor Al Mal, officially known as Noor Capital Markets for International Markets and Financial Brokerage (W.L.L), is regulated by the Jordan Securities Commission. This regulatory oversight ensures that the broker operates within a framework that promotes transparency and accountability in financial dealings. Client funds are protected through the regulatory measures mandated by the Jordan Securities Commission, which typically include requirements for fund segregation and adherence to financial standards. While specific details on additional fund protection measures are not provided in the canonical reference, the presence of a regulatory body like the Jordan Securities Commission generally indicates a commitment to client safety and adherence to compliance standards.
Trading Products and Services
What trading instruments does Noor Al Mal offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 15+ |
| Commodities | Gold, Silver, Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Noor Al Mal offers a diverse range of trading instruments across multiple asset categories, catering to the needs of various traders. With options in Forex, commodities, indices, stocks, and cryptocurrencies, traders can effectively diversify their portfolios and adapt their strategies. This broad selection allows beginners to explore different markets while providing seasoned professionals with the flexibility to implement complex trading strategies. By supporting multiple asset classes, Noor Al Mal ensures that traders can find the right tools to meet their investment goals and make informed trading decisions in dynamic market conditions.
Account Types and Trading Conditions
What Account Types and Fees Does Noor Al Mal Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners | Low minimum deposit, access to a variety of trading instruments | Suitable for new traders looking to start with lower capital |
| Student Account | Student traders | Accessible minimum deposit, tailored for educational purposes | Requires proof of student status |
| Demo Account | All traders | Practice trading without risk, virtual funds provided | Ideal for testing strategies and familiarizing with the platform |
Account Opening Process
Noor Al Mal has a straightforward account opening process designed to ensure compliance with regulatory standards. To open an account, you will need to follow these steps: 1. Visit the official Noor Al Mal website and select the “Sign Up” option. 2. Provide personal information including your full name, email, and create a password. 3. Agree to the terms of service and privacy policy. 4. Verify your email through a link sent to your inbox. 5. Submit necessary identity verification documents, including ID and proof of address. This verification process is essential for maintaining security and compliance. Once your account is set up, you may have the option to upgrade to a professional account if your trading needs change in the future.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Variable | $0 | Competitive spreads on popular pairs |
| CFDs (Stocks, Indices, Commodities) | Variable | $0 | No commission charges apply |
| Cryptocurrencies | Variable | $0 | Fees may vary based on market conditions |
Other Fees
Additional fees that may apply include: – Deposit/Withdrawal Fees: Noor Al Mal supports various funding methods; specific fees may apply depending on the chosen method. – Inactivity Fees: Charges may apply if the account remains inactive for a specified period. – Platform Usage Fees: If applicable, these fees will be outlined in the account agreement. – Overnight Interest (Swap Rates): Applicable for positions held overnight, with specific rates depending on the account type. – Currency Conversion Fees: May apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Noor Al Mal Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Market execution, multiple order types, 2FA, technical indicators | Demo account, VPS |
| Web Version | Any device with a web browser | Real-time quotes, market search, price alerts | No additional services specified |
| Mobile App | iOS, Android | Account management, push notifications, easy transfers | Free practice account |
Noor Al Mal provides a selection of trading platforms suited to different user preferences. The MetaTrader 5 platform is beneficial for advanced traders due to its comprehensive features and support for various trading strategies. The web version allows for flexible trading across devices, while the mobile app enhances convenience, enabling traders to manage their accounts and receive real-time updates on the go. All platforms emphasize secure login processes and efficient order execution, ensuring that traders can operate confidently in the market.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD, JOD |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/day | USD, JOD |
| E-wallet (e.g., PayPal) | Instant | 1.5% fee | Min $50, Max $10,000/day | USD, JOD |
Minimum Deposit
Noor Al Mal requires a minimum deposit of $50 for the Standard Account. This amount may vary depending on the account type chosen, with specific terms applicable to the Student Account and any promotional offerings.
How to Withdraw
- Log in to your Noor Al Mal account.
- Navigate to the withdrawal section of your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it adheres to the specified limits.
- Confirm your withdrawal request and follow any additional instructions provided.
- Monitor the status of your withdrawal in the account dashboard, where updates will be reflected.
Customer Support
Noor Al Mal Customer Support Overview
Support Channels
Noor Al Mal offers multiple contact methods for customer support to ensure that clients can receive help when needed. The main support channels include:
- Email: Clients can reach out via email at cs@nooralmal.com for assistance with their inquiries.
- Telephone: Customers can contact the support team at +962 65622404 for immediate assistance.
- Live Chat: An option for real-time support is available on the Noor Al Mal website, allowing clients to get help without delay.
- Social Media: Noor Al Mal maintains a presence on various social media platforms, providing another avenue for customer engagement.
Service Availability
Noor Al Mal’s customer support operates 24 hours a day, five days a week (24/5) to accommodate traders from different time zones. The support team is equipped to assist clients in both English and Arabic, ensuring effective communication for a diverse clientele.
Frequently Asked Questions
Yes, Noor Al Mal, officially known as Noor Capital Markets for International Markets and Financial Brokerage (W.L.L), is regulated by the Jordan Securities Commission. This regulatory oversight ensures that the broker operates within a framework that promotes transparency and accountability. Client funds are protected through regulatory measures, which typically include requirements for fund segregation and adherence to financial standards.
Noor Al Mal offers a diverse range of trading instruments across multiple asset categories. Traders can access Forex pairs, commodities such as gold and oil, indices like the S&P 500 and NASDAQ, stocks in the US and UK markets, and cryptocurrencies like Bitcoin and Ethereum. This variety allows traders to diversify their portfolios and adapt their strategies according to market conditions.
Noor Al Mal provides several account types, including a Standard Account for beginners, a Student Account tailored for educational purposes, and a Demo Account for all traders to practice without risk. The trading fees include variable spreads on Forex, CFDs, and cryptocurrencies, with no commission charges applicable. Additional fees may apply for deposits, withdrawals, and inactive accounts, depending on the chosen payment method.
Noor Al Mal offers multiple contact methods for customer support, including email at cs@nooralmal.com, telephone support at +962 65622404, and a live chat option available on their website. Their customer support operates 24 hours a day, five days a week, providing assistance in both English and Arabic to accommodate a diverse clientele.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.