Company Summary
| N1CM Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Comoros |
| Regulation | VFSC (Revoked) |
| Market Instruments | Forex, Metals, Commodities, Indices, Shares, Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.9 pips (Cent Account) |
| From 0.8 pips (Standard Account) | |
| From 0.5 pips (ECN Account) | |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $1 |
| Customer Support | Live chat |
| Phone: +269 472 9838 | |
| Email: info@nlcm.com | |
| Social Media: Facebook, Twitter, Instagram, LinkedIn | |
| Regional Restrictions | Turkey, the United States, Europe |
| Bonus | ✅ |
N1CM Information
N1CM is a broker that provides online trading services that allow clients to trade in multiple financial markets, including forex, metals, commodities, indices, stocks, and cryptocurrencies. N1CM offers a wide range of trading products and flexible account options, making it suitable for traders of all levels, especially newbies and users who want to try their hand at trading with high leverage.
Pros and Cons
| Pros | Cons |
| Negative balance protection | Revoked VFSC license |
| Demo accounts | Regional restrictions |
| Various payment methods | Commission fees charged |
| Live chat support | No common payment options |
| Various trading instruments | |
| Low minimum deposit of $1 | |
| MT4 and MT5 provided | |
| Bonus offered |
Is N1CM Legit?
Although N1CM claims to be regulated, the regulation of retail forex issued by Vanuatu Financial Services Commission (VFSC) with license number 15035 has since been revoked. Traders should be careful when trading.
What Can I Trade on N1CM?
N1CM offers 50 Forex, Metals, Commodities, 10 Indices, Shares, and Cryptocurrencies.
| Tradable Instruments | Available |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
N1CM provides a Demo Account for traders to engage in trading using a simulated account with virtual funds.
N1CM also offers three types of live accounts: Cent Account, Standard Account, and ECN Account. The following is information on the three types of accounts. Among them, Cent Account only supports MT4, and other types of accounts support both MT4 and MT5.
| Account Type | Minimum Deposit | Maximum Leverage | Spread | Commission | Bonus |
| Cent | $1 | 1:1000 | From 0.9 pips | 0 | ❌ |
| Standard | $10 | From 0.8 pips | ✔ | ||
| ECN | $10 | From 0.5 pips | $2.5 per side | ✔ |
Leverage
Leverage in Forex and CFD trading is being able to trade a larger amount of volume with less investment.
N1CM offers flexible leverage options up to 1000:1 for all account types, but the maximum leverage gradually decreases as the account equity increases. The choice of leverage is directly related to the equity of the account; the higher the equity, the lower the leverage multiplier and the higher the margin requirement.
Although high leverage can magnify returns, it also increases risks, and traders need to choose a reasonable leverage ratio according to their own capital situation and risk tolerance.
Fees
| Account Type | Cent | Standard | ECN |
| EUR/USD Spread | From 1.1 pips | From 0.9 pips | From 0.5 pips |
| Average 1.2 pips | Average 1.0 pips | Average 0.6 pips |
| Account Type | Cent | Standard | ECN |
| Forex | 0 | 4 USD per lot per side | |
| Indices | 6 USD per lot per side | 5 USD per lot per side | |
| Cryptos | 0 | ||
| Commodities | 6 USD per lot per side | 5 USD per lot per side | |
| Stocks | 5 USD per lot per side | ||
Trading Platform
N1CM supports the use of MT4 and MT5 platforms.
MetaTrader 4 (MT4) is a trading platform released by the Russian company MetaQuotes specifically for forex trading.
MetaTrader 5 (MT5) is a multi-asset trading platform launched by MetaQuotes that allows trading Forex, Stocks, and Futures.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
N1CM accepts a variety of payment methods: Perfect Money, PaymentAsia, STICPAY, Coinbase, Tasapay, and B2BinPay.
FX3203588779
Turkey
It has been 10 days and I am waiting for a withdrawal, they are not making the payment.
Exposure
iamjayylopezz
Philippines
This site is refusing to allow me to withdraw my trading profits or account capital unless I pay a 10% tax clearing fee ? My profits are on hold cant withdraw my $10000 fundsI had an account manager who has now deleted her FB page and does not reply on WhatsApp. N1CM does not reply to emails or support tickets.
Exposure
Venki
United States
N1CM rocks when it comes to maximum leverage! They offer traders a great way to boost their potential profits. Plus, their trading assets are top-notch, covering currencies, commodities, indices, and more.
Positive
Hendrik G
Netherlands
Fast and efficient deposit and withdrawal, feels like a reliable and trustworthy broker compared to some others I've tried. Besides, it provides a 35% first deposit Bonus, claiming up to $5,000. I will tell my friends to come.😜😜😜
Positive
Mohd Ali bin Abdullah
Malaysia
Liquidity is usually good, but their regulatory standing isn't the strongest, generally easy to trade. 👍👍👍
Positive
Wilhelmina Featherstonehaugh
Mexico
My experience with N1CM has been less than satisfactory. While they do offer a variety of trading assets, the overall service has been inconsistent. The platform's performance has been questionable at times, with instances of slow execution and occasional system glitches.
Neutral
快到碗里来98689
Singapore
Having very helpful support, a knowledgeable technical team, powerful trading platforms and the lowest spread in the region are the main factors for me to go with N1CM.
Positive
黄里程
Australia
I have seen some people say that offshore licenses should not be demonized. But in my opinion, this is based on the fact that the company has an onshore license. Companies with only offshore licenses are very dangerous to me, such as N1CM.
Positive