Review on Ngcbgroup

NGCB Group presents itself as a global trading and investment platform targeting users mainly in Africa and Asia (including Nigeria and South Africa). Their website claims they offer Forex, commodities, stock CFDs, indices trading — with attractive features like “low spreads,” “flexible leverage,” and support for both beginners and experienced traders. 

They also promote perks: multiple account types, affiliate/partner (“introducing broker”) programs, referral rewards, and a mobile trading app for Android and iOS.  On the face of it, NGCB Group looks like a full-fledged broker offering a wide range of trading opportunities.

However — behind these claims lies a mosaic of red flags, suspicious signals, and conflicting assessments. Automated website-safety tools mark the site as untrustworthy or “suspicious.”  Some review sources highlight missing regulatory oversight, unclear company credentials/address, risk of fund security, and user complaints about withdrawals or trust.  There are even explicit user warnings on scam-alert sites advising people to avoid giving them money. 

Given the combination of attractive marketing, limited transparency, contradictory trust ratings, and serious warnings — the legitimacy of NGCB Group is highly questionable.

More Details

 Lack of Regulatory & Legal Transparency

A fundamental indicator of a legitimate broker is regulatory oversight and transparent company information (registration number, address, licensing authority, compliance with financial regulations in relevant countries). On ngcbgroup.com, the publicly available information about ownership (Newton Global Commercial Business LTD) is vague: the “owner info” and address are mostly redacted in third-party evaluations. 

Without verifiable regulation or licensing, there is virtually no protection for investors — you don’t have recourse if something goes wrong, and there is no guarantee of fund segregation, compliance or audits.

 Poor Trust & Safety Scores

Automated security analyses give the website a low trust rating. For example, one scanner flagged it as “suspicious” with substantial risk indicators (blacklisting, low inbound links, limited external mentions). 

Even if these systems are not perfect, a trust score of 39/100 is far below what one expects from a legitimate broker. Combined with low domain age and limited digital footprint — this suggests the platform may not be stable or genuinely committed to long-term legitimate operations.

 Evidence (or Reports) of Bad User Experience & Complaints

Independent “scam alert” forums recount stories of people who classify NGCB as a “fake broker,” warn others not to send funds, complain of inability to withdraw, or describe the service as deceptive. 

Such testimonials — especially when consistent across sources — are a serious red flag, because withdrawal difficulties are among the top indicators of fraudulent investment platforms.

 Business Model Leans on Recruitment / Affiliate Incentives

The heavy emphasis on “partner,” “affiliate,” “introducing broker” programs and referral bonuses is reminiscent of many fraudulent or pyramid-scheme-style platforms. While not every referral-based broker is a scam, the combination of referral focus + opacity + user complaints + low trust makes this pattern very suspicious. 

 Lack of Historical Track Record and Domain Longevity

Founded/registered only in 2023, NGCB has little proven track record. A legitimate broker of good standing usually has several years of transparent operations and users’ feedback across multiple independent sources. Here, the limited history makes it difficult to verify long-term reliability or trustworthiness.