Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from N1CM review
About the broker
| Web: | https://n1cm.com |
| License: | VFSC |
| Supported languages: | English, French, Turkish and Russian |
| Holder: | Number One Capital Markets Limited |
| Headquarters: | Suite T19, First Floor, Tana Russet Plaza, Kumul Highway, Port Vila, Efate, Vanuatu |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | info@n1cm.com, (+44) 203-150-1310 |
| Deposit methods: | Bank transfer, VISA, MasterCard, Bitcoin, Bitcoin Cash, Dogecoin (DOGE), ePayments, Ether/Ethereum, FasaPay, Litecoin, Local Bank transfers, Neteller, OKPAY, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney, Yandex Money |
| Withdrawal methods: | Bank transfer, VISA, MasterCard, Bitcoin, Bitcoin Cash, Dogecoin (DOGE), ePayments, Ether/Ethereum, FasaPay, Litecoin, Local Bank transfers, Neteller, OKPAY, PerfectMoney, Qiwi, Skrill, UnionPay, WebMoney, Yandex Money |
About trading with N1CM
| Minimum deposit: | 5 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:1000 |
| Spreads: | Variable |
Underlying assets: Might be a CFD. | Forex (50), stocks, commodities, indexes |
| Base currencies: | USD |
| Mobile app: |  |
| MetaTrader 4: | |
| Social trading: |  |
Random reviews of competing CFD brokers: TemplerFx, City Index, Velocity Trade and 70Trades
Frequently Asked Questions
🧐 Is N1CM a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if N1CM is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with N1CM is very simple, just register on their website.
📱 Does N1CM offer the best mobile app for trading?
N1CM offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the N1CM mobile app.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with N1CM, please share it in the comments to help others to choose the suitable broker.
N1CM provides MT4 – one of the best platform i used. The competitive spreads, high leverage.
Smooth trading experience overall
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Funds are segregated for safety. Supports Bitcoin, Ethereum, and more. Spreads start from 0.5 pips.
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The availability of both MT4 and MT5 is great. I prefer MT5 for its advanced features, and it’s been a reliable platform with fast execution and comprehensive tools for analysis.
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Love the high leverage options up to 1:1000! It’s great for testing different strategies without committing too much capital. The execution speed on MT4 is excellent. Just wish their customer service was quicker to respond.
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n1cm accepts crypto deposits and withdrawals. fast transcations within 1 day
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Customer support is quick and efficient.
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N1CM offers a reliable trading experience. I appreciate the low spreads and no dealing desk. Faced a minor issue with the platform crashing during high volatility, but it was resolved quickly. Support is commendable
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Trading gold with a small deposit is a standout perk at N1CM. It’s why I consider them the top broker. Plus, I’ve never faced any issues withdrawing my profits over the years – always fast.
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I’ve had an ECN account for a few months now, and it’s been smooth. No issues, good performance, no requotes or connectivity problems. The spreads are also excellent. I’m definitely sticking with them.
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I use my EA on their ECN account, primarily trading US30. The 1:1000 leverage they offer is work better for automated bots in my opinion, because EAs are more accurate at entering this way my mistakes are limited.
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I have been using N1CM for the better part of this year, so far so good… every deposit I receive 25% more from your deposit… scalping friendly… and ea allowed… glitches or latency problem. Personally I would recommend this broker!!! 🙂
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Their execution has been consistently good. In two months of trading, I haven’t faced any issues. Smooth execution is crucial for my active daily trading. If there were problems, entering the market at the desired quote would be challenging. For N1CM, execution is not something I can question them about.
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Initially, I had doubts about this broker, but my perspective shifted over time. I tested it and found satisfying results. Testing a broker on a demo account isn’t enough; real account trading is the true test, though it carries risks. Fortunately, my experience was successful. The execution was reliable, and I successfully withdrew money to my cryptowallet multiple times.
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I would recommend N1CM. Distinguishing between reliable and questionable brokers, I’ve observed unusual slippages at my prior broker. While slippages are expected in volatile markets, they shouldn’t be constant. N1CM has never raised doubts, unlike my previous broker, which left me concerned about quote manipulations. Trust and consistency make N1CM my preferred choice.
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Security holds significant importance for me, especially having experienced hacking in the past. When I encountered issues logging into my trading account, leading to a block on my computer, I sought assistance from N1CM’s live support on WhatsApp. The Virtual Assistant promptly connected me with an agent who efficiently unblocked my account in just a few minutes, enabling me to resume trading. This incident underscored the effectiveness of N1CM’s security protocols and their rapid support in resolving issues. I’ve since implemented 2FA, ensuring an extra layer of protection against unauthorized access to my account.
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I am a swing trader, and my focus on a long-term strategy made me somewhat indifferent to the account type when I joined N1CM. Their spreads are impressive overall,
-Cent account avg spread 0.9 pips
-Standard Account avg spread 0.8 pips
-ECN account avg spread -0.5 pips
However, I have some reservations about their ECN account.
To my knowledge, ECN accounts should have raw spreads with some commission for the broker’s direct market access. N1CM’s ECN account has an average spread of -0.5 pips, alongside commission $2.50/lot. Despite my initial doubts, I opted for the ECN account.
The ECN account performs reasonably well in terms of execution, and the swap rates are not exorbitant. I primarily focus on NZD/CAD with a short swap of -3.80 and a long swap of -3.30. These swap rates are the lowest I’ve come across, and I believe they compensate for the smaller spread in the ECN account
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