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 22.11.2024 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 22.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 22.11.2024 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 22.11.2024 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 22.11.2024 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 22.11.2024 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.
I started trading with N1CM’s ECN account due to their advertised 0.5 pips spread on the EUR/USD pair. While the spread was generally low, I found that it was not consistent all the time, and sometimes I was seeing spreads of 0.8 pips. As a result, I decided to switch to the standard account type.
The standard account type did have slightly higher spreads at times, but I appreciated that there were no commissions charged, which helped offset the cost. Additionally, N1CM offers high leverage, which can be a good thing during highly volatile market times. The trading platform was easy to use, and I found that the execution speeds were generally fast and reliable.
Overall, my experience with N1CM has been positive, although I would caution others that the promised 0.5 pips spread on the ECN account may not always be consistent. Nonetheless, I found that the standard account type offered competitive spreads and a transparent fee structure, making it a viable alternative.
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While their support team is usually responsive and polite, there have been a few occasions where I had to wait longer than anticipated to start a chat via their live chat. However, since they’ve added WhatsApp as a support channel, I’ve noticed quicker responses. Additionally, the ‘last seen’ feature on WhatsApp provides an idea of their online presence. Nonetheless, I believe N1CM is a reliable broker.
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Spreads are good, execution is smooth, and, in general, most brokers provide a decent trading experience due to the transparency enabled by the internet nowadays.
However, what I find most impressive about N1CM is their speedy withdrawal process. Unlike some brokers that can take days to process withdrawals, I’ve consistently received my funds within 3-5 hours. This level of promptness truly sets them apart.
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The competitive spreads offered by N1CM on my Cent account. With minimum spreads as low as 1.1 pips for EURUSD and 1.2 pips for GBPUSD, I can trade cost-effectively. The average spreads are consistently competitive, providing me with favorable trading conditions.
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N1CM’s global and local payment methods, especially the crypto funding options, impressed me. Funding with Bitcoin, Ethereum, and other cryptocurrencies was seamless and automatic. Withdrawals were equally efficient, with Bitcoin and other cryptos taking only 1-2 hours to process. As a crypto trader, this quick access to funds was a huge plus.
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On my second deposit, I got an extra $250 to trade with. This boost actually helped me recover losses from some previous trades, which was a pleasant surprise. Looking ahead, I do hope I won’t hit the $5000 cap, although I kind of feel like the cap isn’t really needed. The bonus has already proven its worth, and the cap just seems a bit unnecessary.
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I’ve been manual trading on N1CM’s ECN account, and curiosity led me to explore their Autochartist tool. However, I must admit, my experience wasn’t entirely satisfying.
While the concept is promising, I noticed a few drawbacks. Autochartist relies heavily on historical data, neglecting fundamental news and events that drive market shifts. This limitation can lead to missing crucial factors that influence price movements. Additionally, although the algorithms are built to identify patterns accurately, they can occasionally produce false positives or overlook certain patterns, potentially leading to unreliable trading signals.
While Autochartist has potential, I’ll be sticking to my manual trading methods for now.
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As a trader who often trades on-the-go, I was disappointed to find that N1CM lacked their own proprietary mobile trading app although they are compatible with metaquotes MT4 and MT5. Having a mobile app would have allowed me to monitor and execute trades conveniently from my smartphone.
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During office hours, N1CM’s customer support was attentive and helpful. I received prompt responses to my inquiries, and they efficiently addressed any technical issues I encountered. However, I’d appreciate extended customer support availability to cater to traders who trade during non-standard hours.
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I have been using N1CM for trading forex and stocks. So far there are no technical issues and I can focus on trading activities. Their MT5 is pretty decent I rarely have any disconnection or server issues.
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nice bonus system, recommend.
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A good company is always contactable and they are responsive. tight spreads, best for trading
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In my opinion, CNT accounts are best suited to have btc as a base currency. As someone who prefers to trade using cryptocurrencies, I was disappointed that n1cm only offers a CNT account with USDC as a base currency. Ideally, I would have preferred to have Ether or BTC as the base currency, as I believe their value will increase in the long term.
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The broker’s approach to handling withdrawal requests is nothing short of efficient. I am impressed by their speed and accuracy in processing my requests. From the moment I submitted my request, they kept me informed at every step of the way, providing me with updates via email. I particularly like that I don’t have to keep following up as the broker takes the initiative to keep me in the loop.
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As someone who had experience trading with a lower leverage broker, I was interested in exploring the benefits of a high-leverage platform. I decided to give N1CM a try and opened an account with them in April 2023.
To my amazement, I was able to achieve an impressive return on my investment within a short time frame. By scalping on the m15 timeframe of gold, I was able to grow my account from $50 to $350 in just a few hours of trading. It was only when I took a break and reflected on my trading that I realized the significance of a 600% ROI in such a short amount of time.
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There are two types of brokers in the market: those who genuinely offer low spreads, and those who make false claims. Thankfully, I have found a trustworthy broker in N1CM. Their spreads are incredibly low, as I have personally experienced for the past 2 years.
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N1CM continues to be my top choice among brokers. No other broker offers ECN conditions that are accessible to traders like myself.
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The fact that there are no deposit or withdrawal fees with N1cm is a huge plus, as it means that I can focus on trading without worrying about incurring extra costs.
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As a newcomer to the market, it can be overwhelming to navigate the world of trading, but it sounds like I have found a broker that is user-friendly and supportive.
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While I do have some concerns about other “funny coins” like ApeCoin, I have found that N1CM’s use of Bitcoin for withdrawals helps to mitigate these concerns. Bitcoin is a well-established and widely used cryptocurrency, and I feel confident in its security and stability.
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I have been very impressed with their fast withdrawal processing times. I have found that all of my withdrawals are accurately processed within hours, which is significantly faster than other brokers I have used in the past.
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I always switch over to my n1cm broker when I’m trading stocks and it’s so beneficial because they offer the best deposit bonus. It provides an extra cushion for trading and makes me feel a lot more confident in my decisions. The dashboard is really easy to use as well, which is great for someone who has never traded before! I would recommend this brokerage firm to anyone who is looking for a way to protect their investments and get an extra bonus for trading
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I’ve finally found a broker that I’m very happy with! The low entry threshold really helped. I was worried at first, but after using it for a few months, the real money that I’ve made has been amazing.
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Depositing funds is fast at n1CMarkets, taking just a few minutes. Withdrawal time varies, but in most cases should take less than a few hours. I trust this broker.
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I recommend n1cm to long-term and short-term traders. I’ve been here for more than six months, and one of the things I can vouch for is transparency. There is no manipulation, and the prices are in real-time
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I have seen times during the New York session that EURUSD spreads on N1CM can be as low as 0,1pip. This is great for any trader
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Fully licensed , and global forex provider which makes n1cm a safe place to participate in the FX market. All my withdrawals have been processed without any hurdles
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It has been 3 months of trading with n1, deposits and withdrawals are fast as promised, connectivity is great, spreads are competitive, customer service is number 1. I don’t see this brokers rankings falling in any way
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New to the FX market and I have not gone live yet but I like that I can get free ebooks and trading guides from n1cm, this is helping me understand the maket. I do look forward to when I start trading live and because of the free ebooks and regular check ins I will most definetly be opening an account with n1cm
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I like the fact that I can use skype to communicate with this broker, I don’t have to log on to their site each time i have an issue
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