N1CM Overall rating

	Rating	Weight
User Rating	4.0 (1 reviews)	3
Popularity	3.6	3
Regulation	2.0	2
Pricing rating	4.5	1
Features	Not rated	1
Customer Support	Not rated	1

Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

The broker name is N1CM. It was founded in 2017, making it relatively new to the market. The broker is privately owned and not licensed as a bank, nor is it publicly traded or provides its financials publicly. N1CM is regulated by the Vanuatu Financial Services Commission (VFSC).

While it has a decent user rating of 4.0 out of 5, there is only 1 user review, and none from verified real trading accounts. It ranks 152 in our forex brokers list based on user and expert ratings. The broker has a popularity rating above average and receives 41,917 organic monthly visits, ranking 202 out of 1103 for organic traffic.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Number One Capital Markets Ltd.	Vanuatu - VU VFSC					1000 : 1

Deposit Insurance

Currently, N1CM does not offer an investor compensation scheme under its regulatory framework with VFSC. This means that in the event of the broker's failure, there is no insurance program in place to compensate investors. This is a crucial aspect to consider when evaluating the safety of your funds with this broker.

Spreads and Costs

N1CM has not included their spread information in our spreads tool, a critical resource for traders evaluating brokerage services. Spreads, which represent the difference between the bid and ask prices of a currency pair, are a key determinant of trading costs and directly impact profitability.

Comparison to other Brokers

When comparing N1CM to other brokers, it stands out with its high leverage options, and user-friendly trading platforms. However, it lacks a robust investor compensation scheme and has limited user reviews. Compared to well-established brokers like IC Markets and Pepperstone, which offer comprehensive regulatory protections and a larger number of user reviews, N1CM may seem less secure.

Trading Platforms - Mobile, Desktop, Automated

MetaTrader 4 and 5 are widely recognized for their advanced charting tools, ease of use, and automated trading capabilities. Both platforms support automated trading, with MT4 using MQL4 and MT5 using MQL5 programming languages. These languages are relatively easy to learn, making it accessible for traders to develop and implement automated trading strategies.

What Can you Trade?

N1CM offers a diverse range of tradable instruments across various asset classes, including Forex, Crypto, Stocks, Indices, and Commodities. All instruments are traded as CFDs (Contracts for Difference), which means you do not own the underlying asset but speculate on the price movement. This allows for leveraged trading, which can amplify both gains and losses. For a complete list of available instruments, visit the N1CM website.

Available Leverage

N1CM offers leverage up to 1000:1 for retail clients, which is significantly higher than many other brokers. This high leverage is available across various instruments, allowing traders to control larger positions with a smaller amount of capital. However, it's important to use leverage cautiously as it can increase both potential profits and losses.

Prohibited Countries

N1CM cannot open client accounts for residents of certain countries due to regulatory restrictions. These prohibited countries include the United States, Canada, and several other jurisdictions where local regulations prevent the operation of foreign brokers. For a complete list of prohibited countries, it is advisable to check directly on the N1CM website or contact their support team.

N1CM Account types

	Cent	Standard	ECN
Maximum leverage	1000:1
Mobile Platform	MT4 Mobile	MT4 Mobile, MT5 Mobile
Trading platform	MT4	MT4, MT5
Spread Type	Variable Spread
Minimum Deposit	1	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Cent
Maximum leverage	1000:1
Trading platform	MT4
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	1
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	ECN
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

N1CM Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

N1CM Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread