N1CM review: Regulations, Platforms, Features and Number One Capital Markets Users Ratings.

3.668 • 33 REVIEWS
Number One Capital Markets
Updated: May 16, 2023

5 star review by Sam, USA

I like to scalp so the ECN with Number 1 Capital Markets is awesome. The spreads are tight and execution is fast. I would and i have recommended N1CM broker to others. It was also very convenient that I could fund this account with Bitcoin. Being in the US it makes transfers a long waiting game but I was funded and trading moments after opening an account.

What is N1CM?

N1CM is an offshore forex and CFD broker established in 2017 and regulated by VFSC. Vanuatu location enables Number One Capital Markets to offer the service to US clients and keep the maximum leverage at a high 1000:1 level.

N1CM is a MetaTrader only broker offering MT4 and MT5 trading platforms that are available for Mac and PC desktops, mobile devices and as a WebTrader.

Number One Capital Markets trading and investment instruments include over 50 forex pairs, indices, stocks, cryptos, gold, silver, oil and other commodities.

Please read N1CM Reviews below and share your live trading experiences with N1 Capital Markets broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $5
Established: 2017
Address: Suite T19, First Floor, Tana Russet Plaza, Kumul Highway, Port Vila, Efate, Vanuatu
Contact: info@n1cm.com, (+44) 203-150-1310
Regional offices:
Regulators: VFSC #15035
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader, MobileTrader (MobileApp)
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (50+)
Cryptocurrencies: Bitcoin, Litecoin, Ethereum
CFD: (135+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities, Futures

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), Bitcoin, Bitcoin Cash, Dogecoin (DOGE), ePayments, Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, PerfectMoney, SticPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), Bitcoin, Bitcoin Cash, Dogecoin (DOGE), ePayments, Ether/Ethereum, FasaPay, Litecoin, Local Bank Transfers, PerfectMoney, SticPay
3.668 • 33 REVIEWS

Traders Reviews

Oct 7, 2022,
Registered user

Do Not Trade With N1CM -Real Review

Service use: Live Length of use: 0-3 Months
I have had enough of N1CM and am now leaving to find a different broker. Below I will highlight the Pros and Con and then explain why Im leaving!

Pros: 4
1. Account deposit is quick with crypto 5-10 minutes.
2. Setting up account is quick.
3. Allows US Residents
4.Allows Hedging

Cons: 7
1. Withdraws are slow regardless of the method

2. Noticeable price spike differences in charts compared to literally any other broker on trade view.

3. If you ask them why anything at all is wrong, they will tell you nothing is wrong.

4. Chat is off and on, Its not 24/7 and they tend to be offline when you may need answers now! Like why is it taking so long to receive my money? But depositing the money is quick? If we are withdrawing and depositing with crypto, there shouldn't be a wait time, unless the broker is intentionally holding onto it.

5. If you trade with them, it doesn't matter what strategy you use, you will some how find that you do not make money over time regardless. They allow you to make money, but will make sure that you lose more money on the next few trades to compensate.

6. If you want to change your leverage, you have to ask their chat, and even after asking it could take up to 30 minutes for your leverage to actually change, and you can not trade below 100 leverage.

7. Over view- Ok now, Let me just say, I have a huge problem with brokers who have extremely fast deposit times, but then when you try to take money out its this long wait, and when you want to ask them where your money is, and why its taking so long, the chat isn't even available to give you an answer.

I have a huge problem with their charts as well and I have screenshots as well, and wish I could show you guys these 200-2000+ pip price spike difference between their charts and literally every other chart on trading view.

When I went to them showing them my screen shots of what looked to be criminal activity, they would tell me that there is nothing wrong with their charts when clearly their is.

When I look at their charts spiking in areas that are clearly stop loss hunting spikes, and then compare their charts spikes to literally over 50 other trading view broker charts, on the same exact time frame, and the same exact charts index or pair etc, and at the same exact bar on the timeline, and their are 200+ to 2000+ pip differences between N1CMs price spikes and other brokers, i.e. for example, "X" Broker chart spiked between [144.820- 144.567] and N1CM chart spikes between [144.820 -143.742] , and no other chart even comes close to 143.742, any trader is going to suspect something is wrong here.

But N1CM chat support, if they are online, will simply tell you what they "AREN'T" doing i.e "We do not manipulate the charts". How ever I specifically ask them what they "ARE" doing differently from every other broker who's prices do not even come close to spiking like theirs spikes, and they just tell you their is nothing wrong with their charts. I asked them to simply look at the chart and they asked "which chart"?

That kind made me even more upset, why you asking which chart? Im telling you in general, your charts are spiking way more than any other brokers charts and you are denying this to even be a reality, just look at the differences! It doesn't matter what logic you give them, they aren't trying to fix or help your situation, as long as they get paid, they do not mind lying to you and manipulating you in to making you feel like their is nothing wrong when their is.

Ultimately I decided to not use this broker for these reasons, they can not be trusted to help you, or tell you any truth. They will try to stop you out of your position and use high volatility market conditions to mask their movements. What I mean when I say that is if you question their charts, and why they spike so much more then literally every other broker, they will tell you "Their was an announcement and that announcement is why the price spiked and they will try to convince you that its normal for the price to spike to what ever extent that it spikes, even is their is a 2,000 + pip difference between there chart and any other. Its just a mask for their fraud, they will also tell you that charts will not be exactly the same as others brokers, and that it should be expected. Anyone who has been trading for awhile knows this to be true, but we also know that the prices don't vary that drastically, they should be relatively similar regardless. And for me to check over 50 charts on trading view to compare and not one of them coming even close to the spike this broker has during announcements lets me know they are masking fraud with lies, and they do really well with making you feel like maybe you are losing your mind, and nothing is actually wrong, when really everything is wrong. DO NOT TRUST THIS BROKER!

Sometimes its what they aren't telling you thats the problem, and not what they do. For instance, N1CM on their website they tell you all about their quick deposits, but skip over the fact that withdrawals are slow despite the fact the crypto deposits and withdrawals should be quick.
1 trader has found this review helpful
Belgrade, Serbia,
Aug 23, 2022,
Registered user

Dedicated Account Manager with Elite Account:

Service use: Live Length of use: 0-3 Months
My trading experience with N1CM has been pleasurable thus far. I started with an Elite account. The minimum required first deposit is pretty high as compared to other types of accounts offered by the broker.
I have taken active steps to trade at a professional level so a first of $10 000 makes sense to me from a potential returns perspective. The benefitsoutweigh the costs because I received a 50% bonus on my deposit, which allows me to potentially open larger positions.

The ultimate perk for me is that I have a dedicated account manager, who I can communicate with on a regular basis, analyze the market with, share ideas and opportunities. Having this sort of "mentorship" has had a positive impact on my trading journey as well as my account balance.

I would recommend the n1cm "Elite" account to any trader that wants to have close support, and education during their trading. The free ebooks, access to educational areas is an added benefit for education and these can be accessed despite the type of account you open with this broker.

The lower leverage on the elite account also helps me manage my trading psychology because I feel like my money is less at risk with this type of account as compared to traders with alternate accounts with this broker. The spreads and commissions are also pretty decent.

I have no intention of changing my broker in the foreseeable future. Definitely recommend this broker.
1 trader has found this review helpful
Ho Chi Minh City, Viet Nam,
Jul 12, 2022,

No interruptions on platform

Service use: Live Length of use: 0-3 Months
I am using MT5 platform to trade major US indices with this broker. Considering that I am using my ea it is important for me that platform operates without any sort of interruptions. I had serious problems with my previous broker, so I have decided to switch him for N1CM, as I have seen some very good comments about this broker. I was thinking to use vps, however, up to now I did not experienced any sort of interruptions on the platform. All my deals were executed while I didnt noticed any sort of slippages or interruptions in terms of connectivity. This means a lot for me as here I am able to execute my trading strategy through my ea without any problems.
Lagos, Nigeria,
May 14, 2022,
Registered user

N1CM is not what you see

Service use: Live Length of use: 0-3 Months
I just need my money that i deposited to ECN trading account and also my profit to my standard account, that's all because i am tired of writing reviews and nobody pays attention to it.
N1CM please give back my deposit and profit then you can close my account in peace.
1 trader has found this review helpful
Reply by N1CMx submitted Jun 9, 2022:
Hello. The ideal way for any of our clients to amend any issues they might have is through contacting our support team directly by our various contact channels on our website. The misinterpretation regarding the concern you had was resolved.

To reiterate, N1CM processes deposits and withdrawals within 1 working day during office hours (0600 - 1500 GMT).
Canada, Canada,
May 3, 2022,

No Skrill

Service use: Live Length of use: Have not used
Started an account, and I was going to make a deposit with Skrill as is offered in their site.
This turned out to be BS.
1 trader has found this review helpful
Nairobi, Kenya,
Jan 17, 2022,

Day trading efficiency

Service use: Live Length of use: over 1 Year

I recommend for news traders and scalpers Trading news works here because of the very tight spreads that the broker makes available. The spreads are also still tight during news releases and it is easy to make much more profit than when trading with some other brokers.The execution is also immediate and there are no delays in filling orders
Milazzo, Italy,
Nov 24, 2021,
Registered user

Good broker so far

Service use: Live Length of use: 3-6 Months
in my opinion that's a quite good ordinary broker. Shame that i don't see where to create demo account so for the demo testing i use another broker. n1cm was chosen because of btc deposit and withdrawal to my wallet. usually it takes 1 day. support team is quite helpful, wish you all good luck
Dallas, Texas, USA,
Nov 6, 2021,
Registered user

Update to review left on Oct 28, 2021,...

Service use: Live Length of use: 0-3 Months
For whatever the reason N1CM no longer accepts bank wires from the U.S. My last attempt at sending $500. was returned to my bank, minus the $50 wire fee. N1CM did offer to include an additional $50 to compensate for it if I choose to deposit with Bitcoin.

Oct 28, 2021 - 1 Star Them: Hi
how can i help you ?

Me: Where is the $500. bank wire from yesterday?

It will be refunded to your account.


There is a problem with the bank transfer system.
You can use by cryptocurrency

It was done the same as before

there is a problem now.
May be fix until next week.

Will I be refunded the wire fee?
Will I be refunded the wire fee? And how long before I recieve it?

You can ask your bank.

Why wasn't I notified about it before?

Why didn't you ask us before depositing?

Like I said; It was done exactly the same way as before

These problems are not by us.

What Is "THE Problem"?

the mean bank wire

First you say: "There is a problem now.
May be fix until next week." Then you say: "These problems are not by us." Which is it?

I said it probably. These problems are not by us. Because the money has not been to your account.

So you really don't know do you? Let me talk to a supervisor Please!

Okay. You can send mail to our Financial team

Address Please.. Forex Peace Army will help!

Reply by N1CMx submitted Nov 21, 2021:
Hello Sam, I'm deeply sorry to hear about your unfavorable experience despite the outstanding customer service that we strive to achieve and give. Though the issue has been taken care of, please feel free to contact us at info@n1cm.com for any further questions or help.
Dumaguete City Negros Oriental, Philippines,
Oct 8, 2021,
Registered user

Trade support tools

Service use: Live Length of use: 3-6 Months
It has research tools like an economic calendar and news releases. These tools assist my trades activities. I used to trade with just technical analysis when I was with my former broker because it had no news release when I got here. I started to practice how to combine the technical and the fundamental analysis with the demo account. I have gotten better and have been making money
Quezon City, Philippines,
Oct 7, 2021,
Registered user

Flexibilities of making money

Service use: Live Length of use: over 1 Year
Fast withdrawals to btc account that I have on crypto exchange, usually it takes a few hours during business days.

Support team is sometimes a bit slow but no big concerns.

It provides an economic calendar for trade research. The economic calendar shows a list of important news that have the potential of affecting market prices in the short and long term. It provides forex and CFD trading with high leverage options for those who like to take a lot of risks. The broker has the flexibility I need. It has flexibility in terms of the trading platform, trading instrument, indicators, account base currencies.
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