FAQ
MT4 WebTrader is a web-based trading platform that lets you access your MetaTrader 4 (MT4) account from any web browser without the need to download any software. It offers the same features as the desktop version, such as charting tools, trading capabilities, and account administration.
Click here or download the account opening form by clicking here.
Copy of valid Passport BioData page UAE ID or Resident ID [UAE Residents only] Proof of Address - Copy of official Bank Statement, signed and duly stamped by the Bank, or a recent Utility Bill
We accept Bank Transfers, Credit Card payments, e-wallet payments made in USD or AED. All details are available in your Private Cabinet once you register to open a live account. You may also contact your Noor assigned Broker to provide all necessary payment details.
Noor Capital has a strong capitalization with a paid-up capital of over US$200 million. The company is an independent, private joint-stock regulated by the Securities and Commodities Authority (SCA). Based on our regulatory requirements, all our client funds are kept in a separate bank accounts from our corporate accounts.
Based on the International Anti-Money Laundering (AML) requirements, all funds have to be returned to the source from which they were deposited. Any withdrawals can be made through your Private Cabinet. Click here to log in to your Private Cabinet.
Noor Capital Private Cabinet is a professional all-in-one solution for individual traders offering many features in real-time. The Private Cabinet allows you to manage your Live and Demo Account in simple steps. Once you access your Private Cabinet, you will have a detailed overview of your account activities with various trading reports, access to education, and bonus programs.
Noor Capital Private Cabinet enables you open and manage your account(s), pull account reports, deposit and withdraw funds, make internal transfers, and many other things.
Account statements will be sent automatically to your email on daily basis as long as you have trading activities and open positions. Otherwise, you will receive account statements by email on monthly basis.
Foreign exchange, more commonly known as Forex or FX, is a market where investors are making profit from the differences in the value of traded major currencies . As the biggest market in the world by far, larger than any other market, there is high liquidity in Forex market. This market attracts many traders, both beginners and professional traders.
The market in which currencies are traded is called foreign exchange, "FOREX", or "F.X.." It is the largest financial market in the world. Compared to the $22.4 billion daily trading volume of the New York Stock Exchange, foreign exchange market looks enormous with its $5 TRILLION daily trading volume. That huge $5 trillion volume covers the entire global foreign exchange market, but retail traders work in spot market whose volume is about $1.49 trillion.
There is no central marketplace for currency exchange; trading is conducted over the counter. Forex market is open 24/5 a week, and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.
All forex trades are involved in simultaneous buying of one currency and selling another, but the currency pair itself considered as a single trading unit, an instrument that is bought or sold. If you buy a currency pair, you buy the base currency and sell the quote currency. For instance, in EUR/USD, EUR is the base currency, and USD is the quote currency.
CFD or Contract for Difference is an agreement between two parties to exchange the difference between opening price and closing price of a contract.
This type of financial instrument allows you to trade an underlying index, share or commodity contract without actually having to own the underlying instrument (shares, indices, single stock, or commodity) on which your contract is based.
CFDs allow you to trade market prices' future movement regardless of whether the underlying markets are rising or falling. They allow traders have access to markets which they would not usually be able to invest in.
Spread is the difference between BUY SELL prices of two instruments. For example, if the EURUSD is trading at 1.1167 (Buy) and 1.1166 (Sell), then the spread is 1 PIP.
In financial markets, and especially in the FX (Forex) markets, a PIP (Percentage In Point) is a unit of change in a currency pair exchange rate. Most major currency pairs are priced to four decimal places, and a PIP is one unit of the fourth decimal point: for dollar currencies, this is to 1/ 100th of a Cent.
The most common risk management tools in Forex trading are stop-loss and limit orders. Stop-loss order directs that a position be automatically liquidated at a specific price to hedge against dramatic changes against the position. Limit order sets the maximum price which the investor is willing to pay in a transaction and a minimum price to be received in exchange.
You can place Limit and Stop Loss Orders at any time free of charge.
Market conditions will dictate your trading activity on any given day. The average small-to-medium trader could conceivably trade up to 10 times a day. However, because there are no commissions when you trade CFDs, you can take long or short positions as often as you like without worrying about high transaction costs.
In general terms, you will keep your position on until,
There is no better way for you to get practical experience in this market than opening a Demo Account with a market maker broker that we would recommend to you. This way, you will have the feeling of real trading in a risk-free trading environment that will keep your capital safe.
Forex allows investors to buy and sell currency pairs and profit from the movement in the exchange rate. However, the exchange rate movements can work against you just like realizing your favor. You may lose your initial investment partially or entirely, and therefore Forex is not suitable for all investors.
Noor Capital offers tight spreads with leverage up to 400:1. Markets are open 24/5 from Monday to Friday. The volatile markets present many trading opportunities in both bull and bear markets. The FX market is the largest and most liquid market globally, and many traders choose Forex because of the high return potentials in a short period of time.
EURUSD is the most traded currency pair in the world. It represents the value of USD per One Euro. The Euro is a relatively new currency. It was established by the provisions in the 1992 Maastricht Treaty and is managed by the European Central Bank (ECB) and the Euro-System (comprised of the Central Banks of the Euro-Zone).
The larger the GDP of a country in the Euro-Zone, the more significant their impact it has on the Euro. In this regard, Germany’s economic data and policy decisions (which has the highest GDP in the Euro-Zone) can significantly impact EUR. Smaller countries can also affect the Euro, especially in times of crisis that threaten the region's economic stability.
Other data, including GDP Growth, Employment, Inflation, and Trade Balance data are essential. USD is mainly influenced by Labor Market data, GDP and Inflation data, interest rates, Fed's Quantitative Easing. The notion that the U.S. Dollar may be a safe haven also influences investors' decisions when trading USD.
GBPUSD (nicknamed 'Cable') represents the amount of USD purchased with one British Pound. GBP was pegged to the U.S. Dollar in 1940 and became part of the Bretton Woods system, which governed post-war exchange rates, and with the collapse of the system, the Pound became free-floating in 1971. Historically, the Pound and the U.S. dollar have been the primary tool by which many other nations have valued their currencies. Domestically, GBP is affected by economic indicators that provide an insight into the health of the UK Economy, including interest rates and quantitative easing facilities determined by Bank of England, GDP Growth, inflation, and labor market data. The Pound can be affected by the prices of base metals, oil, and other commodities.
USDJPY represents the number of Japanese Yens that can be purchased with one U.S. Dollar. At the time of Breton Woods System, the Yen was fixed to the U.S. Dollar at JPY 360 per USD 1, but the exchange only lasted until the U.S. abandoned the Gold Standard in 1971. Since then, Yen has appreciated significantly against the U.S. Dollar.
Yen is the third most traded currency globally, behind the U.S. Dollar and the Euro. Japanese currency is also sometimes thought of as a safe haven trade, and the currency is sometimes hit with repatriation flows during times of economic crisis. Domestic data also impacts the price of JPY, especially trade balance, inflation, employment and GDP data.
AUD's (nicknamed 'Aussie') popularity has grown over the past few years since it tends to have higher yield than many other currencies in the developed markets. Thus, it makes it attractive for traders seeking profits. Additionally, it also tends to attract attention because of its strong links to commodities, as Australia is a prominent commodity exporter, and consequently their growing trade relations with Asia. As such, it is also known as the significant "commodity currency."
AUD can be influenced by several macroeconomic factors, such as the Reserve Bank of Australia (RBA) raising or lowering interest rates, GDP, employment figures, trade balance and inflation data. Comments from Australia's Central Bank officials may also have a significant impact on the Aussie. The AUD/USD also tends to have a higher 'beta.' Thus, it is more sensitive to rising or falling equity and commodity prices. Consequently, traders will want to keep a close eye on the S&P500 in the U.S. and the prices of Gold and Copper as they have a high positive correlation with AUDUSD.
In commodities financial market, futures of basic commodities, including gold, oil, copper, coffee and cocoa are traded.
On the other hand, in commodities market, buying and selling the goods takes place.
Commodities are usually defined as goods of the primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, and sugar, and hard commodities such as gold, silver, and oil. Commodity trading includes derivatives trading such as CFD, using spot prices, which provide clearing and settlement services off-exchange in the over-the-counter (OTC) market.
Gold, silver and crude oil are the most popular commodities for CFD trading. Their prices are influenced by numerous factors, such as the negative correlation between Gold and Oil or the valuation of the USD. However, the most significant influence is simple supply and demand correlation. Further, production levels, seasonal changes, or storage capacity may influence the price of goods, thus, the price at which they are offered in the market.
Crude Oil is a naturally occurring petroleum product commonly used in energy production and manufacturing. It is typically purchased to be refined into everyday use such as diesel, gasoline, heating oil, jet fuel, plastics, cosmetics, medicines, fertilizers, etc. As such, its price has a dramatic impact on the global economy. Higher oil prices tend to undermine economic growth as this increases travel and shipping cost, which increase inflationary pressures, and thus, personal consumption typically wanes.
There are two major types for crude oil are US Oil, commonly referred to as West Texas Intermediate (WTI), and UK. oil referred to as Brent. Both types are characterized by being "light" and "sweet" crude oil, meaning they have a low density (making it easier to refine and transport), with lower sulfur content (which results in fewer impurities, making it cheaper to refine). Therefore, they tend to be more expensive than their "heavy" or "sour" counterparts as they are closer to the desired final products referred to above.
Oil prices are significantly influenced by the balance between supply and demand since it is so heavily consumed on daily basis. Production, supply, demand, and oil inventories boil down to two significant consortiums: the Organization of Petroleum Exporting Countries (OPEC) and the Organization of Economic Cooperation and Development (OECD) – OPEC is the group responsible for producing around 40% of the world's Oil. At the same time, OECD is accountable for just over 50% of the world's demand for Oil.
If production levels surpass consumption demand, then inventories are said to "build up" whereby the excess supply can be stored and vice versa. Traders often gauge the level of consumer demand by looking at the relative strength or weakness in global economies via monitoring GDP, retail sales, consumer spending, etc., and then seeing how this stacks up to projected inventories. Sentiment in the financial markets also tends to play a significant role in the price of Oil.
Gold popularity has grown over the past few years as an alternative of currency trading. Many traders look at the precious metal as a hedge against inflation and good storage of value – thus, it is often referred to as a "safe haven" asset. Historically, gold prices tend to move inversely with US D. However, with rising geopolitical uncertainty over the past 5-years, this correlation is no longer as evident.
Gold is affected by the global economy's overall health – this is measured by GDP Growth, inflation, employment data and interest rates. Additionally, the monetary policy of major Central Banks all around the world, and whether they are tightening or expanding their policies, are also considered as major mover of the precious metal price action.. Supply / Demand dynamics, as well as the financial market sentiment, are among other factors investors should take into account when trading the yellow metal.
Silver is another precious metal. As such, it attracts interest as a "safe-haven" investment. However, since silver tends to benefit from more robust physical, industrial, and monetary demand than Gold, it will usually perform closer to the movements of other "high beta" assets (for instance, Equities) than Gold.
Thus, silver will usually outperform Gold when the overall economic outlook is bullish, but it is also likely to suffer more significant setbacks when markets turn bearish. As such, the relationship between silver and gold can be a proxy for 'risk' overall, expressed by the Gold/Silver ratio – lower ratio promotes risk appetite, while higher ratio suggests risk aversion.
The price of silver is driven by many factors affecting gold as well such as inflation readings and inflation Expectations, global GDP growth, and interest rates as well as monetary policies of the largest central banks in the world – U.S. Federal Reserve, European Central Bank, Bank of England, Bank of Japan and the People's Bank of China. To a certain extent, supply / demand balance tend to play a more significant role in silver price action fluctuations than in gold due to its comparative lack of market liquidity.
In financial markets world, an index is an imaginary portfolio of securities representing a particular market or a portion of it. Each index has its calculation methodology and is usually expressed in terms of a change from a base value. Thus, the percentage change is more important than the actual numeric value.
Stock and Bond Market Indexes are used to construct Index Mutual Funds and Exchange-Traded Funds (ETFs) whose portfolios mirror the Index’s components.
At Noor Capital, you can trade major global indices with tight spreads, 100:0 leverage (or 1% margin), and quality executions. Trading financial Indices will give you instant exposure to global economies and industries, easy diversification across sectors and countries, and you can make profits from the rising and falling markets.
Dow Jones Industrial Average is the most widely recognized among stock market indices in the world. Historically, the Index was created to track the movements of the largest industrial companies in USA. However, today, it is comprised of thirty companies from all different sectors. The Index often faces criticism because its price-weighted average, which means a higher-priced stock will have a more significant reflection over the index than those with a lower price and thus does not consider percentage change. Additionally, many feel its inclusion of merely 30 stocks is not an accurate representation of the overall U.S. market performance.
Dow Jones Industrial Average is influenced by major economic data, such as unemployment or inflation readings, geopolitical events, and the Federal Open Market Committee (FOMC), or more commonly referred to as the Fed. Since the United States is the largest global economy and the USD is the reserve currency of the world, the decisions of the Fed to alter their monetary policy wields a tremendous influence on the markets in general but tends to have a more pronounced impact on the US equity market in general.
Uncertainty in financial markets also tends to have significant impact on investors' sentiment and their willingness to invest in the equity market. Some of the biggest factors influencing sentiment are rapidly changing energy prices, war/terrorism, and political unrest or gridlock.
NASDAQ is one of New York Stock Exchange major indexs . Along with the D.J. 30 and S&P 500, it is one of the three most-followed indices in US stock markets. The composition of NASDAQ is heavily weighted towards information technology sector.
NASDAQ is a market-capitalization-weighted index of the more than 3,000 common equities listed on the NASDAQ stock exchange. The Index types in the Index include American depositary receipts, common stocks, real estate investment trusts (REITs), and tracking stocks. The index consists of all NASDAQ listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs), or debentures. Unlike other market indices, the NASDAQ composite is not limited to companies that have US headquarters. It is prevalent to hear the Nasdaq Composite Index's closing price reported in the financial press or as part of the evening news.
The Standard & Poor's 500 or S&P 500 is an index consists of 500 stocks chosen for market size, liquidity, and industry grouping, among other factors. S&P 500 is designed to be a leading indicator of US equities and reflects risk/return characteristics of the large-cap universe. Companies included in the Index are selected by the S&P Index Committee, a team of analysts and economists at Standard & Poors. It is a market value-weighted index – each stock's weight is proportionate to its market value. The S&P 500 is one of the most commonly used benchmarks for the overall US stock market. The Dow Jones Industrial Average (DJIA) was the most renowned index for U.S. stocks. Still, because the DJIA contains only 30 companies, most people agree that the S&P 500 is a better representation of the U.S. Market. Many consider it to be the definition of the market.
Several financial products based on the S&P 500 are available to investors. These include index funds and exchange-traded funds. However, it would be difficult for individual investors to buy this index, entailing buying 500 different stocks.
EURO STOXX 50 is a stock index of Eurozone equities designed by STOXX, an index provider owned by Deutsche Börse Group and SIX Group. According to STOXX, its goal is to provide a blue-chip representation of sector leaders in the region. It is made up of fifty of the largest and most liquid stocks. The index futures and options on the EURO50, traded on Eurex, are among the most liquid products in Europe and the World.
The EURO50 was introduced on February 26, 1998. Its composition is reviewed annually in September. The index is derived from the 19 EURO STOXX regional sector indices and represents the biggest super sector leaders in the Eurozone in terms of free-float market capitalization. Itcaptures about 60% of the free-float market capitalization of the EURO STOXX Total Market Index (TMI), which in turn covers about 95% of the free-float market capitalization of the represented countries.
This index serves as an underlay for many strategy indices, such as the EURO STOXX 50 Risk Control Indices. Buffers are used to achieve the fixed number of components and maintain the indices' stability by reducing index composition changes. Selection methodology ensures a stable and up-to-date index composition. Fast-entry and exit rules ensure that the Index accurately represents the performance of only the biggest and most liquid stocks.
DAX 30 consists of the biggest companies whose stocks are traded in the Frankfurt Stock Exchange. The index is currently dominated by financial (inc. insurance), automotive, healthcare, and chemical sectors. Its sheer size decrees that it is a very dominant index in Europe, i.e., it can influence its counterparts in Europe.
Germany is an integral part of the Euro-zone. It has the largest economy in Europe, but its economy is export-based, which makes the index susceptible to sentiment surrounding its trading partners. Also, the dominance of automotive, healthcare and chemical sectors means that they should be watched closely as they may have the ability to lead the overall market. Furthermore, government policy can drive investor sentiment.
The UK FTSE100 is closely linked to economies all around Europe through trade and geographical proximity. Thus it can be influenced by investor sentiment surrounding large equity markets in Eurozone . Furthermore, during times of global crisis, the economy can sometimes ignore domestic fundamentals in favor of overall investor sentiment, with the possible exception being the Bank of England's interest rate decisions and policy announcements. More specifically, the index is susceptible to the banking markets' sentiment due to the high weighting banking stocks have on the Index.
The NIKKEI 225 or more commonly called the Nikkei, is a stock market index for the Tokyo Stock Exchange. It has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since 1950.
It is a price-weighted index, and the components are reviewed once a year. Currently, the Nikkei is the most widely quoted average of Japanese equities, similar to the D.J. (Dow Jones).