NOOR CAPITAL PSC 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. NOOR CAPITAL offers Global Brokerage Account services including instant access to financial instruments around the world such as Stocks, ETFs, Indices, Currencies and Commodities.
Our team of expert dealers and customer service specialists are constantly available to provide personal support to each and every customer. NOOR CAPITAL has leveraged over a decade of experience in constructing and optimizing FX liquidity with Tier-1 trading partners to optimize all our clients’ trading conditions.
Q. How do I open an account?
A. You may fill the registration form by clicking here or download the account opening form by clicking here.
Q. What Do I need To Open An Account?
A. Copy of unexpired/ signed Passport BioData page
- UAE ID or Resident ID [UAE Residents only]
- Proof of Address ie Copy of official Bank Statement, signed and duly stamped by the Bank, or a recent Utility Bill
Q. What payment methods are accepted?
A. 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.
Q. Are my funds safe?
A. Noor Capital has a strong capitalization with a paid-up capital of over US$200 million. Noor Capital is an independent, private joint stock company, licensed and regulated by the Central Bank of UAE. Based on our regulatory requirements, all our client funds are kept on segregated bank accounts that are not comingled with our corporate accounts.
Furthermore, Noor Capital keeps a guarantee capital with the UAE Central Bank of over US$ 10 million to protect client funds.
Q. How can I withdraw my funds?
A. Based on the International Anti-Money Laundering (AML) requirements, all funds have to be returned to the original source from which they were deposited. Any withdrawals can be made through your Private Cabinet. Click here to login 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 as well as Practice Account in few simple steps. Once you access your Private Cabinet you will have a detailed overview of your account activities with a variety of trading reports, access to education and bonus programs.
Noor Capital Private Cabinet enables you to open and manage your account(s), pull account reports, make deposits and withdrawals, internal transfers and many things more.
Account statements will be sent automatically to your email on a daily basis, as long as you have trading activities and/or open positions. Otherwise, you will receive account statements by email monthly.
Q. What is Forex?
A. The market in which currencies are traded is called the foreign exchange, “FOREX” or “FX,”. It is the largest financial market in the world. Compared to the measly $22.4 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely enormous with its $5 TRILLION a day trade volume. That huge $5 trillion number covers the entire global foreign exchange market, but retail traders trade the spot market and that’s about $1.49 trillion.
There is no central marketplace for currency exchange; trade is conducted
over the counter. The forex market is open 24 hours a day, five days 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 involve the simultaneous buying of one currency and selling of another, but the currency pair itself can be thought of as a single 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.
Q. What are CFDs?
A. CFD or Contract for Difference, is an agreement between two parties to exchange the difference between the opening price and closing price of a contract. CFDs are derivatives products which allow you to trade on live market price movements without actually owning the underlying instrument (shares, indices, single stock, or commodity) on which your contract is based.
CFDs allow you to trade on the future movement of market prices regardless of whether the underlying markets are rising or falling. They allow traders access to markets which they would not normally be able to invest in.
Q. What is Margin, Long and Short Positions?
A. Margin is the collateral for a position. Your market maker broker will request additional funds by way of a “margin call,” if the market moves against your position. It will immediately close out your open positions, if there are insufficient funds in your account.
A Long position is one in which you buy an instrument at one price, with the expectation of selling it later on at a higher price. Obviously, you anticipate that the market will rise.
A Short position is one in which you sell with the expectation of buying it back at a lower price. Here, you expect the market to fall.
Q. What is Bid/ Ask?
A. The Bid (Buy Price) represents how much of the quote currency is needed for you to get one unit of the base currency. Conversely, when you sell the currency pair, you sell the base currency and receive the quote currency. Bid Price is the highest price that the seller is offering for a particular currency at the moment.
The Ask (Sell Price) for the currency pair represents how much you will get in the quote currency for selling one unit of base currency. The Ask Price is the lowest price acceptable to the buyer.
Q. What is Spread/ PIP?
A. The Spread is the difference between the BUY price and the SELL price 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 an exchange rate of a currency pair. 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.
Q. How Can I Manage Risk
The most common risk management tools in Forex trading are the stop-loss order and the limit order. The stop-loss order directs that a position be automatically liquidated at a certain price in order to guard against dramatic changes against the position. A limit order sets the maximum price that the investor is willing to pay in a transaction, as well as a minimum price to be received in exchange.
You can place Limit and Stop Loss Orders at any time free of charge.
Q. How Often Should I Trade?
A. 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 excessive transaction costs.
Q. How long should I maintain my positions?
A. In general terms, you will keep your position on until, 1.) you realize sufficient profit from your position; 2.) your stop-loss is triggered; or, 3.) another position with greater potential comes up, and you need to free up funds from another trade to take advantage of it.
Q. How can I overcome my fears?
A. There is no better way for you to get practical experience in this market than for you to open a Demo Account with a market maker broker that we would recommend to you. That way, you will get a feel of what it’s like to trade, without actually risking any of your hard-earned capital.
Q. Why trade currencies?
A. Forex allows investors to buy and sell currency pairs and make profit from the movement in the exchange rate. However the exchange rate movements can work against you as well as for you. It is possible to lose partially or entirely your initial investment, and therefore Forex is not suitable for all investors.
Noor Capital offers tight spreads with leverage up to 400:1. Markets are open 24/6 from Sunday to Friday. The volatile markets present many trading opportunities in rising and falling markets. The FX market is the most traded and liquid market in the world and many traders choose Forex because of the high return potential in a very short period of time.
Q. What are the most traded currency pairs?
A. 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 larger their impact on the Euro. In this regard, economic data and policy decisions in Germany (which has the highest GDP in the Euro-Zone) can have a significant impact on EUR. Smaller countries also have the ability to affect the Euro, especially in times of crisis that threaten the economic stability of the region.
Other data including GDP Growth, Employment, Inflation and Trade Balance data are important. USD is mainly influenced by Labor Market data, GDP and Inflation data, Interest Rates and the Fed-Quantitative Easing, or the possibility of it, and also, the notion that the US Dollar may be a safe haven has factored into investors’ decisions when trading USD.
GBPUSD (nickname ‘Cable’) represents the amount of USD that can be purchased with One British Pound. GBP was pegged to the US 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 US dollar have been the main tool by which many other nations have valued their currencies.
Domestically, GBP is affected by economic indicators which provide an insight into the health of the UK Economy, including Interest Rates and Quantitative Easing determined by the 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 amount of Japanese Yen that can be purchased with One US Dollar. At the time of the Breton Woods System the Yen was fixed to the US Dollar at JPY 360 per USD 1, but the exchange only lasted until the US abandoned the Gold Standard in 1971. Since then, the Yen has appreciated significantly against the US Dollar.
The Yen is the third most traded currency in the world, behind the US Dollar and the Euro. The Yen is also sometimes thought of as a safe haven trade, and the currency is sometimes hit with repatriation flows during times of economic crisis. Also, domestic data has an impact on the price of JPY, especially Trade Balance, Inflation, Employment and GDP data.
AUD (nickname ‘Aussie’) has grown in popularity over the past few years since it tends to have a higher yield than many other currencies in the developed markets. Thus, it makes it attractive for traders looking for yield.
Additionally, it also tends to attract attention because of its strong links to Commodities, as Australia is a large Commodity Exporter, and consequently their growing trade relations with Asia. As such it is also known as the major “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 can 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 US as well as the prices of Gold and Copper as they have a high positive correlation with AUDUSD.
Q. What are commodities?
A. 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, hard commodities are mined, such as Gold, Silver and Oil.
Commodity trading includes physical and derivatives trading such as CFD, using spot prices, which provide clearing and settlement services off-exchange in the over-the-counter (OTC) market.
Q. Why trade commodities?
A. Metals and energies that drive global industry you can trade with Noor Capital. Having been in the industry for over 10 years, we provide tight spreads and quality executions. Noor Capital offers you to trade Gold, Silver and Oil at 100:1 leverage (margin of 1%) with tight spreads and instant execution.
Further, Commodities are volatile products influenced by political, economic and environmental factors and hence you can speculate, hedge or just diversify your portfolio by trading Commodities.
Q. What are the most traded commodities?
A. Gold, Silver and Crude Oil are the most popular commodities for CFD trading. Their commodity prices are influenced by numerous factors, such as the negative correlation between Gold and Oil or the valuation of the US$, however, the biggest influence is simple supply and demand. Further, the production, seasonal changes or storage capacity may have influence over the price of goods, thus, the price at which they are offered on the market.
Q. What is Oil?
A. Crude Oil is a naturally occurring petroleum product commonly used in energy production and manufacturing. It is typically purchased with the intent 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. In general, higher oil prices tend to undermine economic growth as this increases travel and shipping expenses, which increase inflationary pressures and thus personal consumption typically wanes.
Two of the major classifications for crude oil are US Oil, commonly referred to as West Texas Intermediate (WTI) and UK Oil, or Brent Blend. These are both characterized as being “light” and “sweet” crude oils, meaning they have a low density (making it easier to refine and transport), with lower sulphur content (which results in less 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 finished products noted above.
Oil prices are significantly influenced by the balance of supply and demand since it is so heavily consumed on a daily basis. Production, supply, demand and oil inventories boil down to two major consortiums: the Organization of Petroleum Exporting Countries (OPEC) and Organization of Economic Cooperation and Development (OECD) – OPEC is the group responsible for producing around 40% of the world’s oil, while OECD is accountable for just over 50% of the world’s demand for oil.
If production levels exceed consumption demand, then inventories are said to “build” whereby the excess supply can be stored and vice versa. Traders often look to 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 major role in the price of Oil.
Q. What Is Gold?
A. Gold’s popularity has grown over the past few years as an alternative currency trade. Many traders look to the precious metal as a hedge against inflation and storage of value – thus, it is often referred to as a “safe haven” investment. Historically, gold prices tend to move inversely with the U.S. Dollar, however with rising geopolitical uncertainty over the past 5-years, this correlation is no longer as evident.
Gold is affected by the overall health of the global economy – this is measured by GDP Growth, Inflation, Employment Data and Interest Rates. Additionally, the monetary policies of some of the largest Central Banks of
the world, and whether they are tightening or expanding their policies, also
greatly influence the price of Gold. Supply/ Demand dynamics as well as
financial market sentiment are other factors investors should take into account when trading the yellow metal.
Q. What is Silver?
A. Silver is another one of the precious metals and as such it attracts interest as a “safe-haven” investment. However, since Silver tends to benefit from stronger 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 is also likely to suffer greater setbacks when the market turns bearish. As such, the relationship between Silver and Gold can be a proxy for ‘risk’ overall, expressed by the Gold/ Silver ratio – a lower ratio promotes risk seeking and a higher ratio suggests risk aversion.
The price of Silver is driven by many of the same factors as Gold – Rate of Inflation and Inflation Expectations, Global GDP Growth, and Interest Rates as well as the monetary policies of some of the larger Central Banks in the world – US Federal Reserve, European Central Bank, Bank of England, Bank of Japan and the People’s Bank of China. To a certain extent, supply/ demand factors tend to play a greater role in Silver’s price fluctuations than in Gold’s due to its comparative lack of market liquidity.
Q. What are indices?
A. In the case of financial markets, an Index is an imaginary portfolio of securities representing a particular market or a portion of it. Each Index has its own 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 components of the Index.
Q. Why trade indices?
A. 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.
Q. What are the most traded indices?
A. The DJ 30 is the most widely recognized stock market indices in the world. Historically, the index was created to track the movements of the largest industrial companies in America, however today it is comprised of thirty companies from all different sectors. The index often faces criticism because it is a price weighed average, which means a higher priced stock will have a greater influence over the index than those with a lower price and thus does not take into account percentage change. Additionally, many feel its inclusion of merely 30 stocks is not an accurate representation of the overall U.S. market performance.
The US 30 is influenced by major economic data, such as the rate of unemployment or inflation, geopolitical events and the decisions of 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.
Lastly, uncertainty tends to have a major impact on investor sentiment and
their willingness to invest in the equity market. Some of the biggest factors which influence sentiment are rapidly changing energy prices, war/ terrorism and political unrest or gridlock.
The NASDAQ index is a stock market index of the common stocks and similar securities listed on the NASDAQ stock market. Along with the DJ 30 and S&P 500 it is one of the three most-followed indices in US stock markets. The composition of the NASDAQ is heavily weighted towards information technology companies.
NASDAQ is a market-capitalization weighted index of the more than 3,000 common equities listed on the NASDAQ stock exchange. The types of securities in the index include American Depositary Receipts, Common Stocks, Real Estate Investment Trusts (REITs) and Tracking Stocks. The index includes 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 U.S. headquarters. It is very common to hear the closing price of the Nasdaq Composite Index reported in the financial press, or as part of the evening news.
The Standard & Poor’s 500 or simply S&P 500 is an index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. Equities and is meant to reflect the 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 & Poor’s. The S&P 500 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 U.S. stock market. The Dow Jones Industrial Average (DJIA) was at one time the most renowned index for U.S. stocks, but because the DJIA contains only 30 companies, most people agree that the S&P 500 is a better representation of the U.S. Market. In fact, many consider it to be the definition of the market.
A number of 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 the index, as this would entail buying 500 different stocks.
The EUROSTOXX 50 is a stock index of Eurozone stocks designed by STOXX, which is 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 Eurozone. 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 such products in Europe and the World.
The EURO50 was introduced on February 26 1998. Its composition is reviewed annually in September. The EURO50 Index is derived from the 19 EURO STOXX regional sector indices and represents the largest super sector leaders in the Eurozone in terms of free-float market capitalization. The index captures 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.
The 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 to maintain stability of the indices by reducing index composition changes. Selection methodology ensures a stable and up-to-date index composition. Fast-entry and fast-exit rules ensure the index accurately represents the performance of only the biggest and most liquid stocks.
DAX 30 consists of the biggest companies traded on the Frankfurt Stock Exchange. Currently, the index is 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 carry some influence over its counterparts in Europe.
Germany is an integral part of the Euro-zone as it has the largest economy in the Europe, but is also an export based economy which makes the index susceptible to sentiment surrounding its trading partners.
Also, the dominance of the automotive, healthcare and chemical sectors means they should be watched closely as they may have the ability to lead the overall market. Furthermore, government policy has the ability to drive investor sentiment.
The UK 100 is closely linked to economies throughout Europe through trade and geographical proximity, thus it can be influenced by investor sentiment surrounding large equity markets in Europe. 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 sentiment surrounding global banking markets 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 DJ (Dow Jones).